Islamabad, Oct 15: Chief Minister Punjab Orders Report on Illegal Housing Societies. The Director-General (DG) of the Lahore Development Authority (LDA) has been given a 15-day deadline by Punjab Chief Minister Maryam Nawaz to submit a thorough report on unlawful housing societies in Lahore. This directive was given at a high-level gathering in Lahore to talk about infrastructure and development initiatives for the city. The potential of outright prohibiting the sale of plot files in all Illegal Housing Societies was considered by the attendees during the conference. The Chief Minister called on all relevant departments to work together on this…
Author: Iqra Khan
Islamabad, Oct 15: Punjab Revises Jhelum-Lillah Road Project to Single Carriageway Amid Budget Constraints. The Punjab government is thinking of making a big shift to its plans for infrastructure development. Talks are in progress to build a single lane between Jhelum and Lillah. According to specifics, this action is a departure from the 128-kilometer dual-carriageway project that was previously approved by the National Economic Council’s Executive Committee (Ecnec) in 2021. Deputy Commissioner Jhelum Syedah Ramallah Ali said that a revised proposal has been sent to Punjab Chief Minister Maryam Nawaz Sharif for official approval. In response to inquiries over the…
Islamabad, Oct 15: Gulberg and 5 Other LDA Schemes to Undergo Major Transformation Under Smart City Project. The Lahore Development Authority (LDA) has received preliminary clearance from the Punjab Chief Minister for a 6 billion PKR project that will turn Gulberg and five other housing projects into sustainable smart city models. On October 15, an agency announced the news in an article. According to the information, this project is coming at a critical moment as Lahore’s air pollution and population density are getting worse, calling for immediate action to create a more habitable atmosphere. Along with incorporating smart city ideas…
Islamabad, Oct 15: SAIC Unveils MG ES5 EV With Over 500 KM Range. The MG ES5, a compact SUV that runs entirely on electricity, has been formally introduced by SAIC Motors. There are three range options available for this family-friendly SUV: 425 km, 515 km, and 525 km. The SUV, formerly known as the “S5”, has been renamed the “ES5” and is anticipated to retail in China for between 100,000 and 150,000 yuan (between Rs. 3.9 million and Rs. 5.85 million). Since a test version was spotted in Europe in August, plans are in place to export it and offer…
Islamabad, Oct 15: Global EV Market Share Declines Slightly Amid Drop in Sales. For many years, there has been a steady increase in the demand for electric vehicles, or EVs. However, this pattern has slightly changed as of 2024. The Alliance for Automotive Innovation reports that the first half of this year saw the first-ever dip in EV sales in the U.S. market, with a little decline in the market share of completely electric vehicles. Even though the drop was only 0.1%, it nevertheless caused Lucid and other companies to cut employees. Despite this, sales of EVs have increased for…
Islamabad, Oct 15: Honda Recalls Civic, HR-V, and CR-V Models Over Steering Defect. Nearly 1.7 million vehicles, including several of Acura’s and Honda’s well-known models, are affected by the company’s latest major recall. This recall, which involves vehicles up to the 2025 model year, is the result of a steering system issue, and it comes shortly after another recall concerning a seatbelt issue in the HR-V. What’s the Problem? The steering worm gear’s manufacturing flaw and improper installation are the root of the issue. A problem with the lubrication of the steering system resulted from the worm gear spring’s poor…
Islamabad, Oct 15: Pakistan, China Resolve to Deepen Strategic Cooperation and Accelerate CPEC Development. China and Pakistan reaffirmed their resolve on Tuesday to substantially expand strategic cooperation in a number of important areas, including as investment, the economy, and regional connectivity. The necessity of accelerating the execution of China-Pakistan Economic Corridor (CPEC) projects was also underlined by both parties. President Asif Ali Zardari and Li Qiang, the visiting Premier of the State Council of the People’s Republic of China, met at Aiwan-e-Sadr to discuss this. The president welcomed the group and underlined that Pakistan’s friendship with its all-weather partner continues…
Islamabad, Oct 15: NBP Divests Entire Stake in Agritech Limited, Exits Fertilizer Sector. Agritech Limited (PSX: AGL) is no longer owned by National Bank of Pakistan (PSX: NBP). In a stock filing on Tuesday, the National Bank of Pakistan said that it has sold all of its shares in Agritech Limited. The divested stake included 248,639,905 non-convertible/redeemable/cumulative preference shares with limited voting rights (allocated/to be allotted in accordance with the Scheme of Arrangement approved by the Lahore High Court), 106,014,632 ordinary shares, and 61,748,756 listed/convertible/non-voting/redeemable/cumulative preference shares. The filing further stated that it seeks to verify that the divestiture transaction…
Islamabad, Oct 15: PTCL Group Posts 15% YoY Revenue Growth in Q3 2024. The nation’s top provider of ICT and telecom services, Pakistan Telecommunication Company Limited (PTCL). Has released its financial results for the quarter that ended on September 30, 2024. At a Board of Directors meeting in Islamabad, the news was made. The PTCL Group maintained its pace and solidified its standing as one of Pakistan’s leading telecom service providers in 2024. The PTCL Group The consumer segment, which is led by fixed broadband, mobile data, wholesale, and business solutions, has seen significant development, contributing to the 15.3% YoY…
Islamabad, Oct 15: Redmi Note 14 Pro to Launch 4G Model Soon, Expanding Options for Budget Buyers. The Redmi Note 14 Pro 4G is beginning to show up on several certification pages, indicating that its worldwide release is imminent. The most recent FCC certification provided information on the upcoming Redmi Note 14 Pro LTE after the IMEI database listed it. This device’s model number, 24116RACCG, verifies that it is an LTE variant and will not support 5G. Additional information, including battery and memory options, is disclosed in the most recent FCC report. The 6.67-inch FHD+ (1080 x 2400) pOLED screen…