Pakistan News

    Burj Al Gwadar Pakistan

  • Bahrain's Bank Alkhair gets nod to sell stake in Pakistan's Burj Bank

    Bahrain-based Bank Alkhair said on Wednesday it had received approval from the State Bank of Pakistan to sell its stake in Pakistan's Burj Bank to a subsidiary of Bahrain's Al Baraka Banking Group...

    Al Baraka, one of the Gulf's top Islamic banks, had said in September that its Pakistani unit, Al Baraka Pakistan, would merge with Burj Bank to create an institution with assets totalling more than $1...

  • Shah Burj conservation project

    GUJRAT: The Norwegian Ministry of Foreign Affairs and the Aga Khan Cultural Service Pakistan have agreed to work together on a new project, Economic and Social Development through Conservation of Shah Burj in the Walled City of Lahore...

    The agreement was signed by Tore Nedrebø, the Norwegian Ambassador, and Mr Salman Beg, the chief executive officer of the Aga Khan Cultural Service Pakistan (AKCSP) in Islamabad on Wednesday...

  • Burj Khalifa to open for sunrise

    The Burj Khalifa announced on Thursday it is selling tickets on the United Arab Emirates’ weekend of Friday and Saturday for sunrise viewings...

    The spired 2,717-foot (828-metre) tall Burj Khalifa opened to the public in January 2010...

  • Al Baraka to merge with Burj Bank

    DUBAI: Bahrain-based Al Baraka Banking Group, one of the Gulf’s top Islamic banks, said its Pakistani unit would merge with Burj Bank to create an institution with assets totalling more than $1...

    The merger, which was approved by shareholders of the two banks last month and still needs regulatory approvals, would see Burj Bank holders receive one Al Baraka Bank Pakistan share for every 1...

  • Summit Bank eyes Burj Bank for Islamic banking entry

    KARACHI: Summit Bank has received approval from the State Bank of Pakistan (SBP) to conduct due diligence on Burj Bank, it said in a stock exchange filing, in the latest bid for the unlisted lender, which is seeking to boost capital through a stake sale...

    The acquisition of a majority shareholding in Burj Bank would fit the long term strategy of Summit Bank, which is planning to convert its operations to conform to Islamic principles...

  • Blaze engulfs Dubai skyscraper near Burj Khalifa

    Large tongues of flame shooting skywards enveloped the luxury hotel and residential block, which lies across a plaza from the world's tallest building, the Burj Khalifa, where people were gathering for a spectacular fireworks display due to mark the start of the New Year...

    Every year, Dubai stages one of the world's most spectacular fireworks displays from the 160-storey Burj, which opened in 2010 and stands almost 830 metres (2,722...

  • A dream Pakistan road trip: Karachi to Gwadar

    Road trips are the best way to discover a land, and Pakistan, with its geographical diversity and opportunities, makes it ideal for a road trip adventure...

    Sometime back I went on a three-day trip from Karachi to Gwadar and I can, without doubt, say that it was the most eye-opening and memorable trip for years to come...

  • Chabahar not a rival to Gwadar, Iranian envoy tells Pakistan

    ISLAMABAD: Addressing tensions surrounding Chabahar, Mehdi Honerdoost, the Iranian ambassador to Pakistan, on Friday said the Chabahar port agreement between Iran, India and Afghanistan is “not finished” and “not limited to these three countries”...

    Speaking on Pakistan-Iran relations at the Institute of Strategic Studies in Islamabad (ISSI), the envoy revealed that the offer to cooperate had first been extended to Pakistan and then...

  • CPEC: Pakistan Navy ramps up security at Gwadar

    QUETTA: Pakistan Navy has increased all-round security and surveillance at Gwadar Port with the commencement of China-Pakistan Economic Corridor (CPEC) project, reported Radio Pakistan...

    "A special marine battalion has been raised for the security of Gwadar," stated a spokesperson of the Pakistan Navy while briefing media personnel during an extensive tour of the Gwadar site...

  • Gwadar will be ‘Singapore’ of Pakistan: official

    GWADAR: Gwadar Development Authority director general Shahzeb Khan Kakar has said that Gwadar will be developed into a smart port city as it is the future ‘Singapore’ of Pakistan...

    He was presiding over a meeting of the Association of Builders and Developers (Abad) in Gwadar on Friday...

  • Under-training army officers visit Gwadar projects

    GWADAR: A delegation of the Command and Staff College Quetta comprising under-training army officers visited the port city of Gwadar on Sunday...

    They took interest in these projects and asked questions from officials there about the Gwadar deep sea port and other development plans...

  • Chinese president to inaugurate Gwadar projects

    QUETTA: Balochistan Chief Secretary Saifullah Chattha has said several mega projects, including the Gwadar Economic Free Zone, West Bay Expressway and Gwadar airport, would be inaugurated during the Chinese president’s visit to Pakistan...

    During a briefing on the Gwadar Development Authority in Gwadar, he said: “The Pak-China Economic Corridor Project would not bear fruit without active cooperation of the people of Gwadar...

  • Handover of Gwadar port

    After years of languishing, Gwadar port is finally set to be handed over to a credible operator who has signalled a willingness to also invest in the associated infrastructure to bring the facility into operation...

    Also read: Gwadar Port to become operational in May, senate committee? toldThe main reason for this has been its relative isolation from the country’s transport infrastructure such as roads and railways as well as its...

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