Author: Zahra Nadeem

PTCL goes solar to conserve energy for a green Pakistan

Pakistan Telecommunication Company Limited (PTCL) has initiated a project to install the latest solar power systems in its attempt to support the Clean & Green Pakistan initiative. Under this initiative, more than 700 PTCL facilities have been converted to solar power across Pakistan. As part of expanding the solar footprint to larger installations, a 180KW solar system is deployed at PTCL Headquarters that will help conserve energy and support environmental preservation.   

World’s first commercial electric air plane completes test flight

World’s first fully-electric commercial aircraft, 1946 Havilland DHC-2 Beaver has completed a short but successful test flight. The Canadian seaplane airline company, Harbour Air, successfully tested the e-plane fitted with an electric motor that was supplied by the American firm magniX. The aircraft is now dubbed the “e-Beaver” after the successful flight. Harbour Air believes that e-planes will go into full commercial service in 2022.

Rs. 97 billion housing society to be set up in Khyber Pakhtunkhwa

Pakistan Housing Authority Foundation and Provincial Housing Authority Khyber Pakhtunkhwa have signed a memorandum of understanding (MoU) to establish a housing society in the province at an estimated cost of Rs. 97 billion. Under the plan, 15,500 grey structure houses of various sizes will be constructed by PHA Foundation over 8,500-kanal in Surizai area on Kohat Road. As per a statement, the land for this project has already been procured for Rs. 1.03 billion. 

Pakistan will finally be able to access Swiss bank accounts

In a major development, Switzerland will now share financial information with Pakistan which will help unearth the corrupt politicians’ foreign accounts. The Swiss parliament approved 18 more countries, including Oman, Nigeria, Azerbaijan etc. for automatic exchange of financial information (AEOI). Under this treaty, Switzerland will share the details of bank accounts held by their citizens in the country, as well as foreign citizens that have Swiss bank accounts. 

Pakistan second-last in world’s most reputable countries’ list

Pakistan is ranked second last in the list of ‘world’s most reputable countries’ comprised of 54 countries by a U-S based data and insights company. Pakistan being at 53rd spot, just one above Iran and one beneath Saudi Arabia, also below India, Bangladesh and Nigeria. The rankings are based on the countries’ tourism, economy, people’s behaviour, exports, and investments.

Car sales fall 44% in first 5 months of Financial Year 2019-20

The auto sector continued its downward trajectory in sales in November 2019, with a decline of 44% in the first 5 months of the current financial year compared with last year. Overall, the auto-sector sold 49,110 units as compared to 87,897 units in the same period of last year. In this period, Toyota’s sales went from 24,119 units to 10,090 units and for Honda, they fell from 20,094 units to 5,885 units.

Govt announces Rs. 242 billion subsidy in electricity bills

In a bid to protect the people from fuel adjustment effects in electricity bills, the federal government is offering a subsidy of Rs. 242 billion to domestic consumers. According to Special Assistant to Prime Minister on Information, Firdaus Ashiq Awan, only lifeline consumers, who use less than or up to 300 units (kwh) per month, have been given the tariff relief in recent months.

PIA aircraft escapes disaster after landing at Sialkot airport

One of Pakistan International Airlines’ (PIA) planes has been damaged after landing at the Sialkot airport. The Boeing 777 which was flying from Jeddah to Sialkot was taxiing after the landing when one of its tires burst on a rough portion of the tarmac. The plane remained grounded at the airport for three hours and caused damage worth several hundred thousand rupees. 

Pakistan to buy MA700 Turboprop aircraft from China

Pakistan, among other countries is already lined up to acquire the $25 million shoulder-winged turboprop-powered airliner known as Modern Ark 700 (MA700) with the ability to operate in complex flight environments. The 86 passenger capacity  aircraft can reach up to 640 kilometres per hour having a range of 2700 kilometres making it ideal for PIA’s domestic flights.

Islamabad to get a smart traffic signal system

The Islamabad Traffic Police is working on installing a smart signal system at the Kashmir Highway and replacing the conventional traffic signals in order to manage and monitor the city in a better way. In the first phase, the smart system will be installed at signals from G-7 to G-11 Kashmir Highway including the junction of Kashmir Highway at 7th Avenue, G-9, G-10, H-11 and G-11