The Gilgit Anti-Terrorism Court has sentenced Khalid Khurshid, the former Chief Minister of Gilgit-Baltistan (GB), to 34 years in prison. This verdict came in a case where he was accused of making threats of serious consequences. The court ruled that Khalid Khurshid was guilty and imposed a fine of Rs 600,000 alongside the prison sentence. It instructed the IG Police to arrest him and ensure his transfer to jail. Additionally, the court ordered that his identity card be blocked. The case originated from an incident on May 26, 2024, when Khalid Khurshid allegedly threatened security agencies during a rally. He…
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The Balochistan government has enforced Section 144 across the province to prevent highway blockages. This step aims to ensure smooth traffic flow on national roads. The decision comes after recent protests disrupted travel on several highways. During a press conference on Monday, government spokesperson Shahid Rind addressed the issue. He shared that the chief minister had taken serious notice of these highway blockages. Political parties and other groups have been organizing protests, causing severe inconvenience for travelers. This disruption has particularly affected passengers using coaches and other public transport. Rind highlighted the government’s commitment to resolving public concerns. He assured…
The recent decision to sell a 15% stake in the Reko Diq project to Saudi Arabia marks a significant milestone for Pakistan’s mining sector and its broader economic landscape. Valued at $540 million, this strategic partnership promises to deliver long-term benefits, creating a win-win situation for both nations. Under this agreement, Saudi Arabia will acquire the stake in two phases, with an initial 10% for $330 million and the remaining 5% for $210 million. This inflow of foreign investment is a much-needed boost for Pakistan’s economy, which is striving to attract global confidence. The immediate financial impact, particularly the anticipated…
The process of privatization of DISCOs is gaining momentum, with the Financial Advisor currently structuring the transaction. The Cabinet Committee on Privatization (CCoP) is expected to approve the plan before it is launched in the market, according to Business Recorder. The Minister for Power, Sardar Awais Ahmad Khan Leghari, announced that three major companies—Islamabad Electric Supply Company (IESCO), Gujranwala Electric Power Company (GEPCO), and Faisalabad Electric Supply Company (FESCO)—will be privatized by the end of this year. Sources confirmed that the World Bank has completed its report on the privatization of DISCOs. This report has been shared with key stakeholders,…
Prime Minister Shehbaz Sharif described the New Gwadar International Airport as a landmark project for regional development. He emphasized its potential to bring prosperity and create job opportunities in the area. In a high-level meeting on Monday, the Prime Minister expressed profound gratitude to China for building the advanced airport. He called it a symbol of the enduring Pakistan-China friendship. He urged officials to make the airport a bustling transit hub and ensure smooth road connections, especially within Balochistan. The Prime Minister directed authorities to improve the road network linking the Gwadar Airport to other parts of Pakistan. He also…
Since the start of the year 2024 , Pakistan faced numerous economic crises. At one point, fears of bankruptcy were widespread. However, bold decisions by the government have resulted in rapid improvements. Foreign economic research institutions have also recognized these reforms. Inflation Declines Significantly Pakistan has made notable progress in controlling inflation. In May 2023, inflation reached a record high of 38%, the highest in the country’s history. Compared to the previous year, inflation rose by 10.89% in 2023, with an average rate of 30.77%. At the beginning of 2024, inflation started to decrease. The Pakistan Bureau of Statistics reported…
Pakistan seeks peaceful and friendly relations with Afghanistan. However, the Afghan Taliban’s interim government is exploiting the fragile situation in Kurram. Their actions are worsening an already tense security scenario. The Afghan Taliban, along with the outlawed TTP, have engaged in unprovoked firing in Kurram. This collaboration is fueling instability, despite Pakistan’s efforts to maintain peace and law in the region. The escalation disregards Pakistan’s attempts to bring stability amidst significant challenges. Pakistan has shown unwavering support for the Afghan Taliban over the years. It has provided shelter to millions of Afghan refugees, offering them safety and opportunities. Despite these…
The National Logistics Corporation (NLC) has introduced its first cargo transport service from China to the United Arab Emirates (UAE). This service operates under the International Road Transport (TIR) system, marking a significant step in regional trade. The inaugural shipment, consisting of electronic goods, began its journey from Kashgar, China. It is headed to Dubai’s Jebel Ali Port. This new route reduces transit time to only 10 days, compared to the usual 30 days required for sea transport. The shipment’s first stop was at the NLC Dry Port in Sost, Gilgit-Baltistan. A special ceremony took place there to celebrate this…
Pakistan has achieved remarkable progress in strengthening its border security. Officials recently announced that over 98% of the fencing along the Pakistan-Afghanistan border is now complete. This major initiative, part of the Western Border Management Regime, aims to enhance stability and stop illegal activities across borders. The fencing project spans rough terrains, including mountainous regions. It highlights Pakistan’s dedication to protecting its western boundaries. Similarly, 91% of fencing along the Pakistan-Iran border has also been finished. Combined, these efforts cover an impressive 3,217 kilometers. To further secure the borders, the government has prioritized building fortified structures. Around 92% of forts…
ISLAMABAD: The Pakistan Nuclear Regulatory Authority (PNRA) has officially issued a construction license for the Chashma Nuclear Power Plant Unit 5 (C-5). The license was granted to the Pakistan Atomic Energy Commission (PAEC), marking another milestone in the country’s nuclear energy development. The PAEC had submitted its application for the license in April this year. Along with the request, the commission provided the Preliminary Safety Assessment Report (PSAR) and other necessary documentation. These addressed key areas such as nuclear safety, radiation protection, emergency preparedness, waste management, and nuclear security. Rigorous Evaluation Process PNRA granted the license only after a thorough…
