Top News
Fawad Appreciated IMC’s Contributions to Economy
Karachi, January 17, 2019: Federal Minister for Information and Broadcasting, Fawad Chaudhry visited Indus Motor Company and commended the company’s efforts to promote localization, utilizing domestic workforce and numerous locally manufactured parts. He also planted a tree to participate in IMC’s Million Tree Drive and lauded the CSR initiatives of IMC including the Million tree plantation drive…
Govt. announces 10-day compulsory leaves for male workers on birth of baby
Karachi, January 15, 2019: The federal government has implemented new law for 10-day compulsory leaves for male workers on birth of baby. According to Shiren Mazari federal minister for human rights has confirmed the report and said that for the first time this act has been approved and accordingly implemented to facilitate fathers. As per…
Offshore Drilling: A Bet on Wildcat (G-Block) – A Grand or A Gaffe?
Karachi January 15, 2019: Pakistan Exploration & Production (E&Ps) companies along with international partners have ventured into offshore territory of underexplored but promising Indus G-Block for a deep-sea drilling endeavor. The operator of the block, ENI (an Italian company working in Pakistan’s upstream sector since 2000) has chartered Saipem 12000 rig/ship to drill the exploration…
TPL Properties to setup REIT Management company in Pakistan
Karachi, January 14: TPL Properties has signed a Memorandum of Understanding (MOU) with Equitativa, the largest Real Estate Investment Trusts (REIT) manager in the GCC and manager of Emirates REIT, to form a REIT Management Company (RMC) in Pakistan. Together, Equitativa and TPL Properties will launch real estate investment trusts for the first time under JV…
FIA founds 1,211 properties of Pakistanis in UAE
KARACHI, January 14, 2019: Federal Investigation Agency has found more 96 properties of Pakistanis in UAE. During the hearing of overseas properties, FIA on Monday submitted its report in Supreme Court of Pakistan and informed that overall number of properties of Pakistanis in UAE has surged to 1,211 and notices to some 341 Pakistanis have…