Category: Highlights

Maryam Launches Yellow Line, e-Taxi Pilot, and Solar Charging Stations in Lahore

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Yellow Line

LAHORE – May 7, 2025:Punjab Chief Minister Maryam Nawaz has launched a set of transformative urban and sustainable development initiatives in Lahore, including the *Yellow Line Mass Transit, an **eco-friendly e-Taxi pilot project, and *solar-powered electric vehicle (EV) charging stations. During a high-level meeting on urban transport and healthcare infrastructure, a feasibility report for the Yellow Line Mass Transit System was presented. Maryam Nawaz directed that construction begin immediately on the corridor from Jinnah Terminal to Harbanspura, emphasizing the urgency of improving urban mobility in the provincial capital. She also…

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Pakistan Downs Five Indian Fighter Jets in Retaliation to Overnight Air Strikes: Tensions Escalate Across Border

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indian-rafale-jet

KARACHI – May 7, 2025 In a dramatic escalation of military tensions between Pakistan and India, five Indian fighter jets were reportedly downed by Pakistan’s armed forces following overnight strikes by India on six sites within Pakistani territory. The strikes, which began shortly after 1am on Wednesday under what India termed “Operation Sindoor,” targeted areas in Punjab’s Sialkot and Bahawalpur districts as well as regions in Azad Jammu and Kashmir (AJK), including Kotli, Bagh, and Muzaffarabad. According to the Inter-Services Public Relations (ISPR), India carried out the air strikes from…

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Chairman OGDCL Zafar Masud’s Book ‘Seat 1C’ Launched in Islamabad

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OGDCL

ISLAMABAD, May 6, 2025: Chairman of Oil and Gas Development Company Limited (OGDCL) Zafar Masud’s book titled “Seat 1C: A Survivor’s Tale of Hope, Resilience, and Renewal” was launched on Tuesday at a well-attended ceremony hosted by the Islamabad Policy Research Institute (IPRI).The event was inaugurated by President IPRI, Lieutenant General (Retd) Majid Ehsan, HI(M). The book, which chronicles Masud’s miraculous survival in a plane crash five years ago, offers a deeply personal reflection on life, trauma, and recovery.The panel discussion featured the author Zafar Masud, editor Syeda Amna Hassan,…

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Gwadar Coal Power Project Faces Financial, Regulatory Hurdles: Chinese Firm Raises Alarm

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cpec

ISLAMABAD: The planned 300 MW coal-fired power plant in Gwadar, a key component of the China-Pakistan Economic Corridor (CPEC), is facing serious financial and regulatory challenges, according to a detailed letter from M/s CIHC Pak Power Company Limited (CPPCL) to the Private Power and Infrastructure Board (PPIB). CPPCL Chairman Zhao Bo raised concerns over delayed approvals, foreign exchange losses, and restrictions on currency conversion, which have rendered the project commercially unviable in its current form. In his letter to Shah Jahan Mirza, Managing Director of PPIB, Zhao confirmed that CPPCL…

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Shell Q1 profit drops 28%, but beats expectations

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shell

LONDON: Shell on Friday reported a 28% drop in first-quarter net profit to $5.58 billion, beating analyst expectations, and kept the pace of its share buyback programme steady amid falling oil prices and lower refining margins than last year. It said it would buy back $3.5 billion worth of shares for the next three months, the fourteenth consecutive quarter of a buyback programme of at least $3 billion. That contrasts with rival BP, which has sharply cut its buybacks this year to shore up its balance sheet. Shell’s gearing, a…

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