Month: April 2018

Binladin Group Receives Multi-Billion Dollar Government Loans

The money will be used to prioritize work on projects deemed key to the government, as well as to pay staff and creditors. April 21, 2018: Saudi Arabia’s finance ministry has provided Saudi Binladin Group (SBG) with loans of around 11 billion riyals ($2.9 billion) to help turn around the fortunes of the construction giant, […]

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Lahore Blueprint For Karachi: Mother Of All Cities

By ASHA’AR REHMAN: IF my mother had been around I would have broken the news to her with a chuckle and a boast. There’s finally word that it is possible to turn Karachi into Lahore — long after she declared that my beloved Lahore could never become Karachi. Now it is not only possible that […]

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Brooklyn-based Inventor Creates Contraption to Serve Himself Dessert (Video)

April 20, 2018 (DESPARDES/PKONWEB) — Joseph Herscher who calls himself “inventor of useless machines” has created an intricate contraption to serve himself a piece of cake in his Brooklyn apartment. Herscher dubs his latest kinetic artwork, the “cake server”. The project took three months to complete with 90 percent of the time spent on testing […]

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Iran to Replace US Dollar With Euro in Financial Reports

The Iranian rial has lost nearly two-thirds of its value to the US dollar over the last year; Amid currency crisis, the switch is aimed at circumventing restrictions on accessing US dollar and prevent market instability. April 20, 2018 — The government of Iran has announced plans to replace the US dollar with the euro […]

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China, Russia Replacing U.S. as Pakistan’s Major Arms Suppliers

KEY POINTS: US Arms Deliveries to India Has Grown by 557 Percent During the Period 2008 and 2017; A Chinese defense analyst says there is no military alliance between China and Pakistan, but “China’s arms exports to Pakistan are a powerful weapon to safeguard the South Asian country’s military sovereignty.”. (DESPARDES/PKONWEB) — As the Trump […]

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In Pakistan, Social Media Usage is Male Dominated, Females Lag Behind (Infographics)

Socializing isn’t all that Pakistanis do online. They are using digital technologies to make money and contribute to the country’s foreign reserves. An April 2017 report noted that online freelancing in Pakistan has grown to $1 billion. (BE2C2) — The latest digital ecosystem report by ‘We Are Social and ‘Hootsuite’ reveals some fascinating insights about […]

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A ‘Muslim Bogey’ to Unite Hindus in India

By AIJAZ ZAKA SYED: COMMENTING on Hindutva’s ambitious project to “unite all Hindus”, Aakar Patel, former editor and current executive director of Amnesty International, offers an interesting argument. While it shouldn’t take much effort and imagination to unify an 85 percent strong majority, Hindus are not a monolithic community. Far from it. While Hindutva insists […]

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Jennifer Lopez to debut new song at 2018 Billboard Latin Music Awards

April 19, 2018 — Jennifer Lopez will debut a new song at the 2018 Billboard Latin Music Awards this month. Billboard reported as such Thursday after Telemundo announced the 48-year-old singer will perform at the annual awards show. Telemundo said in a press release that Lopez will give a “special performance” at the ceremony April […]

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China Encourages Mediation in Business Disputes –in Non-Public Sector

(BE2C2) — Chinese chambers of commerce are being encouraged to set up mediation committees and hire mediators to settle business disputes in non-public sectors. The All-China Federation of Industry and Commerce (ACFIC) and Ministry of Justice have jointly issued a document to promote mediation of disputes by chambers of commerce, said an ACFIC press release […]

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Imran Outs, Ousts 20 Party Members Who ‘Sold Votes’ in Senate Polls

(DESPARDES/PKONWEB) — Pakistan Tehreek-i-Insaf Chairman Imran Khan on Wednesday publicly outed 20 party members and allies for “participating in horse trading” during the Senate elections last month. Khan announced the party was taking action against these members and allies. These individuals will be given a chance to explain before their names are forwarded to the […]

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16 So Asian Sailors Stranded Off UAE Onboard Tanker For Over a Year

(DESPARDES/PKONWEB) — Fifteen Indian sailors and one Pakistani seafarer are stranded onboard a tanker 15 miles off the coast of UAE due to a legal dispute involving the ship owners. The sailors, who are stranded onboard MT Zoya1 for over a year now, have also not been paid salaries for four months. The ECB International […]

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A New Era Opens in Cuba; A Look Back at the Castro Years

(DESPARDES/PKONWEB) — A new chapter is beginning in Cuba, with the country’s National Assembly meeting to elect a new president. Raul Castro, 86, is stepping down from his position as head of state after serving two five-year terms. It’s the end of a 59-year reign by the Castro brothers as well as for a whole […]

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Renowned Turkish Company Caykur Opens Tea Factory in Khyber Pakhtunkhwa

“Although Pakistanis consume a lot of tea, they are importing tea; the idea of opening a factory came from Pakistan itself..” (BE2C2) — Turkey’s state-run tea company opened a factory in northern Pakistan on Monday with the aim to create niche for itself in the country’s very high growth-oriented tea consuming market. According to official […]

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Pakistan Investment Seminar in Riyadh Aims to Attract Saudi Investors, Entrepreneurs

(BE2C2) — Pakistan’s Board of Investment (BOI) in association with the embassy and its commercial section in Riyadh is holding a day-long seminar at the Council of Saudi Chamber of Commerce in Kingdom’s capital. Mr. Naeem Y. Zamindar, Minister of Sate/Chairman Pakistan Board of Investment is leading a 35-member delegation of prominent businessmen and public […]

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CPEC Connectivity: Pakistan To Be Linked With World’s Fastest Internet Service

(BE2C2) — China is linking Pakistan with a new submarine cable system in order to provide one of the fastest internet services in the world. The latest initiative dovetails the $44m fiber optic cable being laid between Pakistan and China as part of the China Pakistan Economic Corridor net connectivity infrastructure. Named PEACE (Pakistan East […]

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Supreme Court Removes Politician from PEMRA Chairman Selection Committee

(DESPARDES/PKONWEB) — The Supreme Court of Pakistan has removed State Minister for Information Marriyum Aurangzeb from a committee constituted to select the head of Pakistan Media Regulation Authority (PEMRA). The decision was taken on Monday during a court hearing related to media and PEMRA matters. The media commission case is based on petitions filed by […]

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