KARACHI: Karachi’s industrial property market is showing signs of a slowdown, with brokers across the city’s major industrial estates reporting weakening demand for factory rentals from SME manufacturers grappling with rising costs. While inquiries for industrial sheds and small factory units continue, fewer prospective tenants are willing to finalise rental agreements after calculating the cost…
. CARACAS: The death toll from the two earthquakes that struck Venezuela on June 24 has risen to 4,333, National Assembly President Jorge Rodriguez told reporters on Saturday, announcing that the distribution of housing to those affected will begin next week. Meanwhile, 315 of the dead have not yet been identified, the official said. The…
OGRA increased HSD and Petrol prices from March 01. PHOTO: PEXELS ISLAMABAD: The recent increase in petroleum product prices has been attributed to the expiry of a temporary concession on the petroleum levy that Prime Minister Shehbaz Sharif had secured from the International Monetary Fund (IMF) during heightened tensions between Iran and the United States,…
Leghari says committee drawing up national policy, accelerating regulatory measures ISLAMABAD: Federal Minister for Energy (Power Division) Awais Ahmed Khan Leghari on Saturday said that BESS would play a pivotal role in Pakistan’s energy transition by enhancing grid stability, supporting greater integration of renewable energy and paving the way for widespread adoption of electric vehicles…
FIRST-HAND KNOWLEDGE: US Representative Ro Khanna (D-CA) stands next to Palestinian residents of Turmus Ayya, near Ramallah, during a visit in the Israeli-occupied West Bank. REUTERS WEST BANK/ TURMUS AYYA: US Democratic lawmaker Ro Khanna said he was detained by Israeli settlers armed with US-made rifles during a West Bank visit this week that he…
KARACHI: Investigators probing the K2 Airways cargo aircraft crash are examining the possibility of a malfunction in the aircraft’s Inertial Reference System (IRS) as well as spatial disorientation as potential causes of the accident, while the aircraft’s black box, engines, fuselage and crew have yet to be recovered. According to sources, preliminary investigations are focusing…
ISLAMABAD: As the government’s search for $10 billion cheaper financing continues to pay off expensive energy loans, the outstanding dues of China-Pakistan Economic Corridor (CPEC) power projects remained at Rs423 billion by June due to non-resolution of the late payment surcharge issue. After struggling to get loans from multilateral lenders, the government is looking to…
. PHU QUOC: A speedboat carrying Indian tourists capsized off southern Vietnam’s Phu Quoc island on Saturday, killing at least 15 people, state media reported. The boat was carrying 36 people when it overturned around 400 metres off May Rut Ngoai islet, according to the VNExpress website. Multiple tourist and coast guard boats participated in…
QUETTA: The Balochistan government has unveiled one of the most significant administrative restructurings in the province’s history, creating new districts, divisions, sub-divisions, tehsils and sub-tehsils in a move aimed at strengthening governance, improving local administration and bringing public services closer to citizens. The new administrative framework has been notified under Sections 5, 6 and 6-A…
LAHORE: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has said that significant progress is being made on the government’s Energy City project and several oil-producing countries have shown interest in storing oil in Pakistan in the wake of recent regional tensions. Speaking during his visit to the Lahore Chamber of Commerce and Industry…