Pakistan News

    Saudi Archirodon New Projects In Karachi

  • Saudi 'giga projects': tall ambitions, high risks

    From a holographic lion to talking robots and flying taxis, Saudi Arabia has dazzled investors with plans for hi-tech “giga projects” — but sceptics question their viability in an era of cheap oil...

    The blueprints for the projects were on display to 3,500 corporate honchos at this week's Future Investment Initiative (FII) — dubbed “Davos in the Desert” — that sought to project the insular kingdom as a business destination...

  • Saudi Arabia projects $53bn budget deficit in 2017

    Saudi Arabia on Thursday projected a 2017 budget deficit of about $53 billion and a lower than expected shortfall for this year after government cost-cutting in response to lower oil prices...

    The world's biggest oil exporter froze major building projects, cut cabinet ministers' salaries and imposed a wage freeze on civil servants in the wake of last year's record deficit of $97bn...

  • Al Qaeda warns Saudi crown prince over ‘sinful projects’

    DUBAI: Al Qaeda in the Arabian Peninsula has warned Saudi Arabia’s reformist Crown Prince Mohammed bin Salman over his “sinful projects”, in a bulletin released on Friday...

    Prince Mohammed has spearheaded a string of policy changes in ultraconservative Saudi Arabia, including reinstating cinemas and allowing women to drive...

  • Saudi Arabia to finance three CPEC projects

    ISLAMABAD: The government of Saudi Arabia has signed three grant agreements with Pakistan to finance three road infrastructure and energy projects under the China Pakistan Economic Corridor (CPEC)...

    “These agreements have been inked in line with the understanding reached during Prime Minister Imran Khan’s recent visit to Saudi Arabia,” Information Minis­ter Fawad Chaudhry told a press conference on Thursday...

  • Saudi delegation visits Gwadar port, briefed on development projects

    A six-member Saudi delegation on Tuesday visited Gwadar, where it was briefed on different developmental activities and projects being executed under the China-Pakistan Economic Corridor (CPEC), officials said...

    Led by Ahmad Hameed Al-Ghamdi, adviser of Saudi Arabia’s ministry of energy, industry and mineral resources, the delegation visited different departments of Gwadar port and the port's free zone...

  • CDWP clears Karachi, Peshawar mass transit projects

    ISLAMABAD: The Cen­tral Development Working Party (CDWP) on Wed­nesday cleared a total of 16 development projects with an estimated cost of Rs130 billion, including two mass transit projects for Karachi and Peshawar...

    The two projects are part of the China-Pakistan Eco­nomic Corridor (CPEC) and expected to be formally approved by the two nations on the sidelines of upcoming One Belt, One Road conference in China by mid-month...

  • Murad wants Karachi package projects completed this month

    KARACHI: Sindh Chief Minister Syed Murad Ali Shah said on Saturday that the ongoing development schemes launched under the Rs10-billion Karachi package “must be completed” by the end of this month, or “I would become PD [project director] myself to complete them,” he said...

    “Speed up your work, or should I run these projects right from my own office,” said the chief minister while presiding over a meeting held to review progress on...

  • PM speaks of projects to pacify Karachi MNAs

    ISLAMABAD: Prime Minister Nawaz Sharif found himself fending off accusations of equating deaths from violent crimes in Karachi to ‘dying flies’ in the National Assembly on Tuesday, before vowing billions of rupees in full federal financing for a modern bus service for the city and partial financing for a proper water supply project there...

    Muttahida Qaumi Movement (MQM) leader Altaf Hussain had demanded — in a speech from London over...

  • Sindh seeks World Bank’s help for Karachi uplift projects

    ISLAMABAD: Sindh Chief Minister Syed Murad Ali Shah has sought financial and technical assistance from the World Bank for launching mega projects and infrastructure development in Karachi...

    The chief minister visited the World Bank resident mission here on Tuesday and discussed development projects of Karachi with World Bank Country Director Illango Pathcamuthu...

  • Girls at Karachi govt school showcase artistic flair, science projects

    An art and science exhibition organised by Karachi's Khatoon-e-Pakistan Government Girls School this weekend attracted a large number of visitors...

    At the third annual Art and Science Show organised by the Zindagi Trust-run school, students showed off their artistic skills and displayed their knowledge of science through various projects and experiments, a press release issued on Saturday said...

  • WB to loan $100m for Karachi’s water supply, sanitation projects

    ISLAMABAD: The World Bank is expected to approve a loan of $100 million that will improve access to safe water and sanitation services in Kara­chi, and increase financial and operational performance of the Karachi Water and Sewerage Board (KWSB)...

    Read: Karachi’s water challengeThe proposed project seeks to increase equitable and sustainable access to safe water and sanitation services in Karachi, and will address the challenges of...

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