Category: BE2C2

Khyber Pakhtunkhwa Signs MoU With Chinese Firm to Produce Waste to Energy

May 19, 2018 (BE2C2) — A Chinese government state-owned company has agreed to install a plant to produce energy from municipal waste in the northern province of Khyber Pakhtunkhwa. A Memorandum of Understanding has been signed for this purpose between Khyber Pakhtunkhwa government and the Chinese government in Peshawar on Saturday. About 12-megawatt electricity will […]

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Chinese Yuan Given Equal Status as US dollar Under CPEC

May 19, 2018 (BE2C2) — China and Pakistan have made a headway giving banking support to their growing economic partnership, says a report published by the Middle East North Africa Financial Network (MENAFN). After establishing its first branch in Karachi — Pakistan’s financial capital — last November, the Bank of China formally launched a clearing […]

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Careem Gets Its First Female Driver in Saudi Arabia

The 43-year-old Careem’s ‘Captainah’ learned how to drive in her native Syria; Uber also has a plan to open “one-stop-shop” facilities dedicated to recruiting future female drivers, or “partners”, as the company calls them. May 17, 2018 (BE2C2) — Dubai-based Careem, the Middle East’s fastest expanding ride-hailing firm has hired Enaam Gazi Al-Aswad as its […]

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Partial Test Run of Lahore’s Elevated Orange Line Metro Train Conducted

The OLMT is Pakistan’s first mass rapid transit train project, costing over Rs6bn per kilometer ((roughly US$60m/km) all inclusive– a whopping figure critics say. May 16, 2018 (BE2C2) — Chief Minister Punjab Mian Shahbaz Sharif on Wednesday witnessed the first test-run of Lahore’s much-awaited Orange Line Metro Train (OLMT), and vowed to introduce such facilities […]

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UK ‘Prime Destination’ For Money Laundering From Pakistan: Report

Last year, the then Finance Minister Ishaq Dar had a figure of US$200Bln as a sum that Pakistani citizens have stashed away in the Swiss bank. An estimated 4 to 5 times this figure is speculated to be held as assets by Pakistanis abroad– both lawfully and through inappropriate means including lacuna in laws enacted […]

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Handmade Pakistani Traditional Furniture To Showcase At Mexican Furniture Fair

“Only US furniture demand at the manufacturers’ level is forecast to reach $59 billion in 2021″ May 14, 2018 (BE2C2) — Pakistan Furniture Council (PFC) will display Pakistani handmade world-class traditional furniture products at the Mexican International Furniture Fair to be held from May 23. This was decided at a board of directors meeting held […]

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Ex-President Leaves ILO After Corruption Scandal

MAY 14, 2018 — There is a compact silence surrounding how the corruption scandal affects ILO’s work on developing a plan to change the UN body. In August 2017, Prime Minister Stefan Löfven and the then President of Mauritius Ameenah Gurib-Fakim ​​were appointed to lead the ILO Global Commission on the Future of Work. Their […]

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Malaysia Could Capitalize On Oil Prices

May 14, 2018 (BE2C2) — Malaysia’s new government will need to act quickly to capitalize on any economic momentum from higher crude oil prices, an analyst said. The opposition Pakatan Harapan coalition emerged as the victor in May 9 general elections in Malaysia, grabbing a majority in parliament with the 92-year-old Mahathir Mohamad, who left […]

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Video: Boss Slaps Lineup of ‘Bad’ Employees

May 11, 2018 (BE2C2) — This real estate firm in China might have one of the worst methods of motivating employees. Several workers were filmed lining up and getting slapped by their manager after allegedly failing to do their jobs properly. The employees allegedly volunteered for the punishment which also included crawling around on all […]

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Cryptocurrency ‘PakCoin’ Up By 60Pct Despite State Bank Ban

PakCoin founder ‘Abu Shaheer’ believes the move worked in the currency’s favor by exposing its name, so “more people got interested in it” May 11, 2018 — Just a month ago the State Bank of Pakistan banned cryptocurrencies, yet the value of Pakistan’s first and only cryptocurrency, PakCoin, has jumped by over 60% since then. […]

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China State-Owned Company Bids For Two Railway Projects Under CPEC

The Chinese government is providing loans to Pakistan on CPEC projects at 2.39 percent payable over 25 years, with Chinese state-owned companies bidding and building these projects May 10, 2018 — China’s state-owned railway construction enterprise wants to carry out initial feasibility study on upgrading Main Line (ML-II Kotri-Attock) and ML-III Rohri-Chaman railways tracks, and […]

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BMW Recalls 312,000 Vehicles in U.K. Due to Electrical Fault

The cars were first recalled after Narayan Gurung died on Christmas Day 2016 while driving with his wife. His Ford Fiesta crashed into a tree to evade a stalled BMW in Surrey May 10, 2018 (BE2C2) — BMW announced an expanded recall Wednesday on 312,000 cars in the United Kingdom due to an electrical flaw […]

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