Call to use 2,50,000 mosques in Pakistan in daytime as special literacy centres to impart primary schooling Karachi: Over 2,50,000 mosques in the country should be used during the day hours as special literacy centres to impart primary-level school education as part of the accelerated drive to educate a record 26.2 million out-of-school children in Pakistan.Former Caretaker Federal Minister for…
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The Attorney General’s Office has advised Pakistan’s Power Division and National Transmission and Despatch Company (NTDC) to engage in negotiations with M/s Star Hydro to resolve an arbitration award issue, reducing the risk of a Multilateral Investment Guarantee Agency (MIGA) guarantee being called upon. Following discussions at the Prime Minister’s Office and recent communications from the World Bank, emphasizing the…
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CM Sindh & EU Ambassador discuss projects of solar panels, school constructions KARACHI (April 30): Sindh Chief Minister Syed Murad Ali Shah in his meeting and European Union Ambassador Dr. Riina Kionka discussed two new projects aimed at helping those affected by the flood.One project involves the reconstruction of school buildings damaged by the flood, while the other project aims…
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Canadian mining company Barrick Gold is engaged in discussions with the International Finance Corporation and other agencies to secure at least $2 billion for the initial phase of Pakistan’s Reko Diq copper project, CEO Mark Bristow informed Reuters. The Reko Diq project, in which Barrick holds a 50% stake, is anticipated to cost $5.5 billion for its first phase. This…
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Oil and Gas Development Company Ltd (OGDCL) has announced a notable 7.18% increase in its profit after tax (PAT), reaching Rs171.104 billion with earnings per share at Rs39.78 for the first nine months ending March 31, 2023-24. According to a statement released on Wednesday, OGDCL’s net sales revenue stood at Rs348.164 billion. The board declared an interim cash dividend of…
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Islamabad: Amid mounting concerns over Chinese investments in Pakistan, outstanding dues from Chinese power plants have reached a staggering Rs529 billion, reflecting a strained financial relationship. Beijing is pushing for enhanced fiscal benefits within the China-Pakistan Economic Corridor’s (CPEC) Special Economic Zones (SEZs) to bolster investment. The first meeting of the Cabinet Committee on Chinese Investment Projects (CCoCIP) highlighted Pakistan’s…
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Islamabad: Intelligence agencies recently uncovered a massive smuggling operation involving 738 petrol filling stations, corrupt officials, and smugglers, leading to an annual loss of Rs227 billion to the national exchequer. The racket, which includes 533 petrol pumps, 100 officials, and 105 Iranian oil smugglers, has seen a resurgence since the current government took office. Prior crackdowns had reduced smuggling, but…
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