Category: Highlights

Saudi Kingdom’s Vision 2030 ties seamlessly with Pakistan’s economic vision, Dr Musadik Malik

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Saudi-pak

Federal Minister for Petroleum Dr Musadik Malik addressing the Pak-Saudi business forum 2024 gave an overview of the investment opportunities. He said that historically we have had ties in traditional areas and formidable friendship. Now we would like to transition from friendship to a journey of growth and development and become partners. We have started thinking now in terms of 360 security: food security, economic security, energy security.We now want to club into the global value chains.We’ve been producing a lot of commodities and Saudi Arabia has a lot of…

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NBP Partners with Huawei to Establish National Cloud Data Center

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NBP-Partners

Karachi – October 10, 2024 National Bank of Pakistan has signed a MoU with Huawei Technologies Pakistan (PVT) to develop a state-of-the-art National Cloud Data Center. The MoU was formalized during the Huawei Connect 2024 Global Conference. This collaboration aims to strengthen NBP’s digital infrastructure by deploying cutting-edge cloud services in a Tier-3 certified data center. Huawei will provide dedicated teams to ensure timely implementation, ongoing operations and maintenance support. Additionally, NBP representatives will receive hands-on training and documentation to ensure smooth project integration. Mr. Amin Manji, Chief Information Technology…

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Pakistan to Import 12,000 MW of Solar Panels as Part of Renewable Energy Push

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ISLAMABAD: Pakistan is set to import 12,000 megawatts of solar panels this year as part of its efforts to increase reliance on renewable energy, the Senate Standing Committee on Climate Change revealed during a meeting chaired by Senator Sherry Rehman. The committee discussed the Pakistan Trade Control of Wild Fauna and Flora (Amended) Bill 2024, with PPP Senator Shahadat Awan advocating for wildlife concerns to be addressed in relation to human life. The Ministry of Climate Change also outlined plans to have 30% of vehicles in Pakistan powered by electricity…

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Karachi’s Business Leaders Demand Immediate Action on Deteriorating Infrastructure

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Business-Leaders

KARACHI: Economists, architects, traders, and business leaders have urged the Chief Justice of the Sindh High Court (SHC) and the Sindh government to address the city’s crumbling infrastructure, overflowing sewerage, and rampant pollution, which have severely impacted business districts and markets. Speaking to The Express Tribune, they criticized the city’s governing bodies, including the Karachi Metropolitan Corporation (KMC) and other development authorities, for widespread corruption, mismanagement, and inaction. They called for a comprehensive master plan to rebuild the damaged roads, control encroachments, and repair the collapsed sewerage system. Architect Arif…

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Indian Billionaire Ratan Tata Passes Away at 86

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Ratan Tata, the former chairman of the Tata Group, who transformed the Indian conglomerate into a global powerhouse through a series of landmark acquisitions, passed away at the age of 86. The Tata Group announced his death in a statement on Wednesday. Sources had earlier confirmed that Tata had been in intensive care at a Mumbai hospital. After earning a degree in architecture from Cornell University, Tata returned to India in 1962 and joined the group founded by his great-grandfather. He held various positions, notably at Tata Motors and Tata…

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