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The Special Investment Facilitation Council (SIFC) and the Public Procurement Regulatory Authority (PPRA) have formally conveyed their decisions to Pakistan International Bulk Terminal Ltd., clearing the Karachi-based operator to handle exports of copper, gold, and other high-value minerals from Barrick Gold Corp.’s $6 billion Reko Diq project. “We have received the decisions, and we have…
A drone strike in the Shamozai area of Katlang, just 30 kilometers from the Punjab Regiment Center in Mardan, killed at least 10 civilians, including women and shepherds, triggering outrage among locals, sources said Saturday. Following the strike, protesters placed bodies on the Swat Motorway, blocking traffic and condemning the attack. Reports suggest that a…
Honda Atlas Cars Pakistan has achieved a historic milestone by exporting its first-ever batch of completely built-up (CBU) units, with 40 Honda City 1.2L vehicles dispatched to Japan. The landmark export underscores Pakistan’s growing role in the global automotive industry and aligns with the government’s vision of boosting industrial and export-led growth. Special Assistant to…
Islamabad, Pakistan: Former Pakistani Prime Minister and Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan has been nominated for the Nobel Peace Prize, a Norwegian political group announced. The nomination was put forward by members of the Pakistan World Alliance (PWA), who belong to Norway’s Partiet Sentrum political party, according to the group. This is not the…
Imagine an AI buddy who’s smart and fun. That’s Grok 3, built by xAI. Launched on February 17, 2025, it helps humans explore and learn. Created by Elon Musk’s team, it’s like a helpful friend. Let’s dive into what it does now and what’s coming next. What Grok 3 Can Do Today Grok 3 is…
Pakistan’s very own Space and Upper Atmosphere Research Commission (SUPARCO) is all set to launch its first electro-optical satellite, EO-1, on January 17, 2025 from the Jiuquan Satellite Launch Center in China. This is a historic moment in Pakistan’s space journey, showing the country’s growing expertise in space technology. A Step Towards Self-Reliance in Space…
Micro nuclear reactors delivering 5MW for 100 months are set to revolutionize energy for data centers. Microsoft and Oracle explore nuclear options, with Westinghouse’s eVinci reactor leading the innovation push.
Scientists have raised alarms about a new, highly contagious Covid-19 strain, XEC, which is now spreading across Europe. First detected in Germany in June, the XEC variant has since been identified in 13 other countries, including the UK. It is expected to become the dominant strain as colder weather sets in, following a summer surge…
Unauthorized Payments Made to Shakil Ahmad Sheikh, Muhammad Haroon Rashid Dar, Najam Sethi, and Aizad Sayid The Pakistan Cricket Board (PCB) paid Rs 16.386 million in unauthorized meeting and daily allowances to members of its Board of Governors (BOG) and Management Committee during the 2022-23 fiscal year, an audit revealed. The payments exceeded the entitlements…
Pakistan Targets $25 Billion IT exports in Five Years Tech giant Google has announced plans to produce 500,000 Chromebooks in Pakistan by 2026. The announcement was marked by the presentation of the first locally manufactured Chromebook to Prime Minister Shehbaz Sharif during a ceremony on Thursday. At the “Agay Barho: A Google for Pakistan Event,”…
Pakistan has the lowest allocation for agriculture Research and Development (R&D) among South Asian Nations, allocating just 0.12 percent of its Agricultural GDP. With the lowest spending among the SAARC countries, Islamabad also facing challenges in securing international grants for this sector, noted the Senate Standing Committee on Food Security and Research on Wednesday. The…
Pakistan’s leading oil and gas exploration company, Oil & Gas Development Company Limited (OGDCL), announced Wednesday that it has officially joined the United Nations Global Compact (UNGC), the world’s largest corporate sustainability initiative, to promote sustainable development. By becoming a member of the UNGC, OGDCL aligns itself with a global network of more than 17,000…
A group claiming responsibility for hacking software company CDK Global is demanding tens of millions of dollars in ransom, according to Bloomberg. CDK, which provides critical software to car dealerships across North America, is reportedly considering paying the ransom, though discussions are ongoing. The cyber outage has now entered its third consecutive day, severely impacting…
The Ministry of Industries and Production on Thursday ordered a third-party audit of local fertilizer companies to determine production costs, aiming for transparency and fair pricing within the industry. Besides, Islamabad also eyes Turkmenistan trade including urea imports. Federal Minister for Industries and Production Rana Tanveer Hussain announced this initiative during a Fertilizer Review…
Pakistan Refinery Limited (PRL) is taking a significant step to enhance its refining capabilities through its Refinery Expansion & Upgrade Project (REUP). Senior management from PRL recently visited China to engage with Engineering, Procurement, and Construction (EPC) contractors and financial institutions. On November 16 last year, Pakistan Refinery Limited (PRL) signed an upgrade agreement with…
The Uprise Group has thrown its hat into the ring for the privatization bid for the national flag career, Pakistan International Airlines (PIA), spearheaded by Pakistani seasoned entrepreneur Tabassum Pardesi. Pardesi, renowned for her pioneering role in the aviation industry, now leads the Uprise Group. This conglomerate encompasses Uprise Markets, Uprise Africa, and Uprise Aviation….
The Competition Commission of Pakistan (CCP) has granted approval to the share acquisition in Unity Foods company of Pakistan by four acquirers, including a Singapore-based investment holding company. The approved transaction involves the acquisition of a 23.20% shareholding in M/s. Unity Foods Limited by the four acquirers. One of the acquirers is M/s. Wilmar Pakistan…
Pakistan has postponed the signing of the Implementation Agreement (IA) with local crude oil refineries for a further six months, citing disagreements with private refiners as a significant hurdle. The delay, primarily attributed to the country’s largest refinery, Pak-Arab Refinery Company (Parco), has exacerbated the situation. The decision to extend the signing deadline reflects ongoing…
The Supreme Court of Pakistan has conditionally allowed military courts to deliver their reserved judgments, subject to specific conditions. Chaired by Justice Aminuddin Khan, a six-member bench presided over a hearing on intra-court appeals regarding civilian trials in military courts. Justices Muhammad Ali Mazhar, Hasan Azhar Rizvi, Shahid Waheed, Musarrat Hilali, and Irfan Saadat Khan…
The International Monetary Fund (IMF) revealed today that it fell victim to a cyber incident, which was detected on February 16, 2024. Following the discovery of the breach, an investigation was promptly initiated, with the collaboration of independent cybersecurity experts, to assess the extent and nature of the breach. Subsequently, remedial measures were swiftly implemented….