The World Bank has approved $1 billion in additional financing for Pakistan’s Dasu Hydropower Stage I (DHP I) Project. This funding aims to expand hydropower electricity supply and improve socio-economic services for local communities. The project is seen as a game changer for Pakistan’s energy sector. A Move Towards Clean Energy The World Bank’s Board […]
The World Bank has approved $1 billion to construct the Dasu Dam. This financing will support the expansion of hydropower electricity supply, improve access to socio-economic services for local communities, and build the Water and Power Development Authority’s (WAPDA) capacity to prepare future hydropower projects. DHP is a run-of-river project on the Indus River about […]
The match saw South Africa struggling to put up a challenging total as they were restricted to 113-6 in their allotted 20 overs. Heinrich Klaasen’s resilient 46 was the top score, while Tanzim Hasan Sakib shone with the ball claiming a career-best 3-18. Despite a modest target, Bangladesh faltered in their chase managing only 109-7. […]
Pakistan’s budget deficit is a major concern, with government expenditure soaring. The expenditure to GDP ratio is over 22%, compared to around 15% in Bangladesh. Last year, the budget deficit exceeded Rs13 trillion. This year, it is projected to be around Rs 11 trillion, despite the government’s initial estimate of Rs 6.5 trillion to Rs […]
The benchmark KSE-100 Index opened with a bullish trend. At 09:27 am, the index gained 200 points before plunging to the lowest level of 72,993.48 points during the intraday trade. During the intraday session, the 100-index experienced a negative trend with a high recorded at 73,909.14 points while the lowest was recorded at 72,982.59 points […]
According to the Forex Association of Pakistan (FAP), the buying and selling rates of the Dollar in the open market, however, were Rs 277.75 and Rs 280.5 respectively. The price of the Euro decreased by Rs 3.43 to close at Rs 299.52 against the last day’s closing of Rs 302.95, according to the State Bank […]
In a statement, the SBP said the central bank’s Monetary Policy Committee (MPC) had met earlier today and reviewed the current economic developments. The committee noted that underlying inflationary pressures are also subsiding amidst a tight monetary policy stance, supported by fiscal consolidation. At the same time, the MPC highlighted some upside risks to the […]
The robot, a project from the Ministry of Health branch in Madinah province, is positioned in the courtyard next to the Prophet’s Mosque. The service aims to display and broadcast educational messages, guidance, and health instructions for the safety and awareness of pilgrims in over 96 languages from around the world. Meanwhile, the volunteer and […]
The high court in a written decision concluded that abducted poet Ahmed Farhad has been subjected to forced disappearance and institutions failed to recover him. The court directed that Ahmed Farhad after his return to home should record his statement before the Lohi Bher magistrate. The court in its written decision also ordered the Registrar […]
During the high-stakes T20 World Cup 2024 encounter at Nassau County International Cricket Stadium India edged out Pakistan by six runs. Pakistan’s captain Babar Azam chose to bowl first and successfully restricted India to a modest total of 119 runs Naseem Shah emerged as the standout bowler for Pakistan taking three crucial wickets and playing […]
