Month: July 2023

Virgin Atlantic ends operation in Pakistan

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Virgin-Atlantic

RAWALPINDI: Virgin Atlantic operated its final flight from Islamabad International Airport on Sunday after announcing earlier in the year that it will suspend operations between London Heathrow, Lahore and Islamabad. A spokesman for the Civil Aviation Authority said in a press release that a Virgin Atlantic flight took off from Islamabad to London’s Heathrow Airport at 8am on Sunday. Virgin Atlantic commenced its operations at Islamabad airport in December 2020 with seven weekly flights. The airline initially operated four flights to Manchester and three to Heathrow Airport. Later the airline reduced its operations to…

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CPEC projects garnered $25b direct investment

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China-Pakistan

PM says pace of work on projects will be further expedited ISLAMABAD: The China-Pakistan Economic Corridor (CPEC), a flagship project of the Belt and Road Initiative (BRI), has witnessed remarkable progress in Pakistan, attracting direct investments worth US$25.4 billion from China over the past decade. A senior official from the Chinese Foreign Ministry stated that the CPEC has formed a comprehensive “1+4” cooperation layout, with the CPEC at the center and Gwadar Port, transport infrastructure, energy, and industrial cooperation as the four key areas. The CPEC projects have contributed to…

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Pakistani consumers pay highest energy tax: expert

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energy-tax

KARACHI: The hike in energy rates is the biggest issue of our economy, as we are the highest tax paying energy consumers in the world, said Ateeq Ur Rehman, economic expert The already raised enormous electricity tariffs are a great burden on Industry and Household, further raise will become extra ordinary load on electricity consumers. Fully endorsing the concerns of Tariq Muhammad Yousuf, President KCCI, he said: “FCA is also part of the electricity tariff but it seems that the public is being put in double jeopardy by applying increase…

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LONGi Chairman Zhong Baoshen attends the Summer Davos Forum, calls for actions to actively respond to global climate change

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longi

The World Economic Forum (WEF)’s 14th Annual Meeting of the New Champions, also known as the “Summer Davos Forum”, was held in Tianjin from June 27 to 29. Zhong Baoshen, Chairman of LONGi, was invited to the forum where he delivered speeches at the “Net-Zero Hero? The Decarbonization of Industry Clusters” and the “China Energy Transition Roundtable”. The theme of this year’s forum was “Entrepreneurship: The Driving Force of the Global Economy.” It was attended by over 1500 global leaders and innovators politics, business, academia, social organizations, and international organizations.…

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