Pakistan to push for climate reparations at COP27

Pakistan is counting on the next United Nations Climate Change Conference, also known as the Conference of the Parties of the UNFCCC, to adopt specific measures that will obligate the biggest polluters in the world to compensate countries suffering from climate change. The 27th United Nations Climate Change Conference, or COP27, will take place in […]

Lahore Textile Industrial Zone to provide $400 Mn Forex, 20,000 jobs: Nong Rong

LAHORE, 1 November According to Nong Rong, the Chinese ambassador to Pakistan, a Chinese company is investing a total of $150 million to build a textile industrial zone in Lahore on 150 acres of land. The ambassador mentioned how Chinese investments in various projects will result in an annual foreign exchange income of $400 million […]

The 7th economic zone under CPEC to be constructed in Islamabad soon

ISLAMABAD, 30 Oct. Islamabad’s 7th economic zone will shortly be built as part of the China-Pakistan Economic Corridor (CPEC).According to the Planning Ministry, the 7th special economic zone would be built on a total of 4500 acres of land close to the Rawat region and 7500 acres close to the new Islamabad Airport.The ability to […]

Gwadar: Infrastructure for digital connection is ramping up

GWADAR, Oct. 30  – A broadband project of PKR 188.1 million for more than 15,000 people in 19 villages of Gwadar has been authorized to boost digital connection in the city.Digital access will aid the other communities in Gwadar.According to a representative of the IT ministry, after the project is finished, the people who live […]

LONGi and Pak Datacom have an agreement to make the telecom sector green

ISLAMABAD, 30 OCT. LONGi Green Energy Technology Co., Ltd. of China and Pak Datacom Ltd. have partnered to make Pakistan’s telecom sector "sustainable and green” because Pakistan is one of the nations most susceptible to the negative effects of climate change. LONGI and Pak Datacom has reportedly signed an MoU to collaborate, produce green energy, […]

China and Pakistan work together fully on sesame

HEBEI, 31 October In H1 of current year, Pakistan’s sesame export to China increased by 46%. Sesame experts from China and Pakistan have chosen and exchanged seeds for crop breeding, and future collaboration on sesame planting and harvesting is planned within the framework of CPEC. "In November, the Ayub Agriculture Research Institute (AARI) in Faisalabad […]

Dar cautions dollar hoarders

Ishaq Dar, the finance minister, emphasised that the fair value of the rupee "is 180-200 to a dollar” and threatened to take harsh measures against those who hoard, smuggle, and manipulate US dollars and keep the rupee low. While presiding over meetings with the presidents and CEOs of commercial banks and representatives of exchange businesses […]