Business
The United States and LUMS inaugurate electric vehicle R&D center
Lahore, January 23, 2024: Officials from the United States government and the Lahore University of Management Sciences (LUMS) inaugurated their new, jointly funded e-Mobility Research and Development Center at the Syed Babar Ali School of Science and Engineering at LUMS’ Lahore campus. This research and development center aims to help promote widespread use of electric…
U.S. pledges $320K to Balochistan’s Mehrgarh Museum
Karachi, January 23, 2024: U.S. Ambassador to Pakistan Donald Blome and Chief Minister of Balochistan Ali Mardan Khan Domki launched the Ambassadors Fund for Cultural Preservation (AFCP) first-ever project in Balochistan. This landmark initiative allocates over $320,000 for the preservation of Neolithic and other archaeological artifacts of the Mehrgarh civilization, as well as the enhancement…
Two more organizations join hands with PTC for joint massive tree plantation campaign in Karachi
Karachi, January 23, 2024 : Two more organizations have joined hands with the Plant a Million for Community (PTC) campaign aimed at conducting a massive tree plantation drive in Karachi in the next few years. The PTC in this regard signed two separate memorandums of understanding with the Dream World, Resort, Hotels & Golf Course,…
Pakistan Textiles
As per the latest data reported by PBS, textile exports recorded an increase of ~3% YoY in Dec’23 to clock in at US$1.4bn vs. US$1.3bn in SPLY. The increase is possibly due to Christmas/winter season coupled with improve cotton arrivals. Segment wise, export of value-added textile products increased by ~2% YoY, to stand at US$0.97…
Saudia secures 9th global position in On-Time Performance review for 2023
Jeddah, January 22, 2024: Saudia, the national flag carrier of Saudi Arabia, ranked 9th among global airlines in the On-Time Performance for the year 2023, according to the annual report by the independent aviation monitoring website Cirium. This follows outstanding performances throughout the year 2023, in which Saudia has secured a place in the top…