Category: Highlights

As the government goes about deciding which line it should eventually take to turn the PIA-owned Roosevelt Hotel in New York into a profitable entity, the luxury property has piqued the interest of a name all too familiar in American real estate: Donald Trump. The revelation came as a top Pakistan International Airlines (PIA) official informed the National Assembly Standing Committee on Privatisation on Wednesday that the United States president is interested in purchasing the hotel, located in New York’s Manhattan borough. At the outset of the meeting, committee member…

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ISLAMABAD: A day after reports suggesting Iran had dropped India from a key project linked to Chahbahar Port, Iran on Wednesday threw its weight behind the Belt and Road Initiative (BRI) as well as its flagship project, the China Pakistan Economic Corridor (CPEC). Iran’s Ambassador to Pakistan Seyed Mohammad Ali Hosseini said the BRI and CPEC were beneficial for the regional development particularly for China, Iran and Pakistan. Without explicitly mentioning India by name, the Iranian envoy defended his country’s recent decision to drop India from a key Chahbahar port…

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KARACHI: As much as 40 acres of land at Hawkes Bay Beach will be allotted to K-Electric (KE) to set up a 500 kilowatt grid station. The decision was made during a meeting chaired by Energy minister Imtiaz Ahmed Shaikh on Tuesday. Directing KE officials to begin working on the project at the earliest, the minister maintained that the Sindh government was taking every possible step to aid the relevant institutions in providing electricity to the citizens of Karachi. The meeting also discussed issues pertaining to the land reserved for…

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ISLAMABAD: The federal cabinet has deferred a decision to increase price of electricity for consumers of the K-Electric (KE) – the power utility that provides electricity to Karachi – and to put an additional burden of Rs73 billion on people of the metropolis who are already facing acute power outages. According to sources in the federal government, the cabinet meeting that Prime Minister Imran Khan chaired on Tuesday discussed proposed increase in tariff by the KE in view of the cost of gas it has to import to meet the…

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Pakistan has passed two laws that could radically change how water is managed, but they leave many questions unanswered.Pakistan ranks fourth in the world in terms of annual groundwater abstraction — the amount of water taken from an underground source. This puts it in close competition with larger countries such as India, China and the United States. It is also the world’s largest exporter of groundwater, which reflects the volume of groundwater used in the country’s water-intensive export products such as rice, leather and textiles. Clearly, access to groundwater is…

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