Author: Admin

Over 40 Pakistanis Feared Dead in Boat Tragedy Near Morocco

Admin
Boat-Tragedy

ISLAMABAD, January 17, 2025 – A boat carrying 80 passengers, including several Pakistani nationals, capsized near the Moroccan port of Dakhla, leaving over 40 Pakistanis feared dead, the Foreign Office (FO) confirmed on Thursday. FO Spokesperson Shafqat Ali Khan stated that the ill-fated vessel had departed from Mauritania before the tragedy occurred. Several survivors, including Pakistani nationals, have been rescued and are currently housed in a camp near Dakhla. Pakistan’s Embassy in Rabat is actively coordinating with local authorities, and a dedicated team has been dispatched to provide on-ground assistance…

Read More

K-Electric Leadership Meets Government Officials to Address Pending Issues

Admin
K-Electric1

ISLAMABAD, January 17, 2025 – A delegation from K-Electric (KE), led by Chairman of KE’s Board of Directors Mark Skelton, held meetings with key government authorities to address long-standing issues, including unresolved tariffs and financial claims, informed sources told Business Recorder. The discussions focused on KE’s generation tariff proposal, which has faced criticism from Power Minister Sardar Awais Leghari for potentially imposing an additional financial burden of Rs. 500 billion on consumers over a seven-year period. A separate high-level meeting to discuss KE’s issues, initially scheduled for Thursday under the…

Read More

Diamer-Bhasha Dam Project Cost Surges by 119.21% Amid Design Revisions and Security Needs

Admin
Bhasha-Dam

ISLAMABAD – The cost of the Diamer-Bhasha Dam project has escalated by 119.21%, rising from Rs479 billion to Rs1.05 trillion, due to revised designs, enhanced security measures, and other external factors, according to Minister for Water Resources Musadik Malik. In a written reply to the National Assembly, the minister cited the redesign of the main dam to accommodate updated seismic parameters by the International Commission on Large Dams (ICOLD). Modifications also included the diversion scheme, flushing tunnel, hydro-mechanical works, and revised flood safety measures, driven by additional geological investigations. Security…

Read More

Finance Minister Calls for Timely Implementation of NEV Policy 2025-30

Admin
Aurangzeb-ipps

ISLAMABAD – Federal Minister for Finance Muhammad Aurangzeb has emphasized the urgent need for the timely development and implementation of Pakistan’s New Energy Vehicle (NEV) Policy 2025-30 to drive the country’s transition to clean energy in the transport sector. Chairing a high-level meeting, the minister highlighted the importance of coordinated efforts to achieve the policy’s ambitious targets, aligning them with Pakistan’s environmental and economic priorities. The Industries and Production Secretary presented a comprehensive overview of the current state of the EV industry, focusing on key challenges such as infrastructure gaps,…

Read More

Suzuki Motor Taps India as Global Electric Vehicle Production Hub

Admin
New-Suzuki

New Delhi– Suzuki Motor Corporation has declared India its global production hub for electric vehicles (EVs), with plans to export EVs to markets including Japan and Europe. Despite a global slowdown in EV sales, Suzuki Motor President Toshihiro Suzuki expressed confidence in India’s potential for EV growth. India, Suzuki’s largest market by sales and revenue through its subsidiary Maruti Suzuki, will see the launch of Maruti’s first EV, the e-Vitara mid-sized SUV, on Friday. This model will not only serve the domestic market but also be exported globally, including to…

Read More