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Saudi Investors Expect to Invest $10 Billion in Pakistan

Saudi Investors Set to Infuse $10 Billion into Pakistan’s Economy
Saudi Investors Set to Infuse $10 Billion into Pakistan’s Economy 1920 1075 D. I. Khan New City

A significant economic boost is on the horizon for Pakistan as Saudi investors gear up to invest $10 billion in the country. This promising development comes as a delegation of approximately 30 companies from Saudi Arabia is expected to arrive today, with the aim of creating new job opportunities and fostering economic growth.

 

Federal Minister for Petroleum, Musadik Malik, has expressed confidence in this investment, emphasizing its importance in jumpstarting Pakistan’s developmental journey. He highlighted the Prime Minister’s vision for increased private sector involvement in driving the country’s progress.

 

This investment commitment follows Planning Minister Ahsan Iqbal’s recent announcement at a Business Summit in Islamabad, where he hinted at Saudi Arabia’s potential $5 billion investment. Iqbal stressed the significance of boosting exports and attracting investments to meet Pakistan’s financial requirements, underlining the need for political stability to attract such investments.

 

Moreover, Iqbal painted an optimistic picture of Pakistan’s economic prospects, envisioning a $2 trillion economy by 2047 through sustained growth. He called for collective efforts towards achieving this ambitious goal and mentioned ongoing discussions concerning the China-Pakistan Economic Corridor (CPEC), along with investment negotiations with UAE, Kuwait, and Qatar.

 

This influx of Saudi investment is poised to fuel Pakistan’s economic growth and pave the way for a brighter future, aligning with the government’s efforts to attract foreign investment and promote economic stability and prosperity.

KP Chief Minister Advocates Transfer of CRBC Project to Provincial Government

KP Chief Minister Advocates Transfer of CRBC Project to Provincial Government
KP Chief Minister Advocates Transfer of CRBC Project to Provincial Government 700 400 D. I. Khan New City

The Chashma Right Bank Canal (Lift-cum-Gravity) Project has garnered attention as KP Chief Minister Sardar Ali Amin Khan Gandapur presided over a crucial meeting at KP House in Islamabad. The project, aimed at irrigation and agricultural development, took center stage as authorities from relevant provincial and federal departments convened to discuss its implementation.

Meeting Highlights

– The meeting, attended by officials from both provincial and federal departments, focused on key aspects of the CRBC project.

– Participants unanimously agreed to initiate the tendering process by July to expedite project implementation.

– Emphasis was placed on completing essential prerequisites in a timely manner to facilitate smooth progress.

Project Financing

– The federal government has committed to covering 65 percent of the project cost, while the provincial government will bear the remaining 35 percent.

– Additionally, an allocation of Rs20 billion in the development program for the next fiscal year underscores the project’s significance.

Project Impact and Importance

– Upon completion, the CRBC project is expected to irrigate vast swathes of barren land, spanning approximately 286,000 acres.

– This irrigation expansion is poised to boost agricultural production, create employment opportunities, and contribute to agricultural self-sufficiency.

Chief Minister's Directive

– Chief Minister Gandapur stressed the pivotal role of the CRBC Project in ensuring food security for the province and the nation.

– Expressing dissatisfaction with project delays, he urged swift action to expedite implementation.

– Notably, he directed authorities to engage with Wapda for the transfer of the project to the provincial government’s jurisdiction.

Future Endeavors

– In addition to the CRBC Project, plans were set in motion to initiate another project aimed at irrigating an additional 90,000 acres of land in southern districts.

– The Chief Minister underscored the urgency of timely project commencement to maximize benefits for the populace.

Conclusion

The CRBC Project emerges as a cornerstone of agricultural development and economic progress in KP, with Chief Minister Gandapur’s proactive approach signaling a renewed commitment to expediting vital infrastructure projects. With concerted efforts and effective collaboration between federal and provincial entities, the vision of agricultural self-sufficiency and prosperity in KP draws closer to fruition.

sobat famous in d. i. khan KPK

Exploring Sohbat: A Traditional Delicacy from Khyber Pakhtunkhwa
Exploring Sohbat: A Traditional Delicacy from Khyber Pakhtunkhwa 1280 720 D. I. Khan New City

In the heart of the southern districts of Khyber Pakhtunkhwa, Pakistan, lies a culinary gem deeply rooted in tradition and flavor – Sohbat or Sobat. This traditional food holds a special place in the hearts and palates of locals, offering a taste of cultural heritage with every bite.

What is Sohbat or Sobat?

Sohbat, also known as Sobat, is a hearty and nourishing dish that has been passed down through generations in the southern regions of Khyber Pakhtunkhwa. It is a simple yet satisfying meal, typically enjoyed during the colder months or as a communal dish during gatherings and celebrations.

Ingredients and Preparation

The preparation of Sohbat involves a handful of basic ingredients, each contributing to its rich and comforting taste. The main components usually include wheat flour, clarified butter (ghee), and water, combined to form a thick and creamy consistency.

sobat Painda

To prepare Sohbat, the wheat flour is first roasted in ghee until it reaches a golden brown hue, releasing a nutty aroma that tantalizes the senses. Next, water is gradually added to the mixture, allowing it to simmer and thicken into a smooth and velvety porridge-like consistency.

Flavor and Texture

What sets Sohbat apart is its unique flavor profile and texture. The roasted wheat flour imparts a distinct nuttiness to the dish, while the ghee adds a rich and buttery undertone. The final result is a creamy and comforting porridge-like dish that warms the soul with every spoonful.

Cultural Significance

Beyond its culinary appeal, Sohbat holds deep cultural significance in the region. It is often enjoyed as a symbol of hospitality and togetherness, bringing families and communities together around the dining table. During festive occasions and social gatherings, Sohbat serves as a centerpiece, fostering camaraderie and kinship among loved ones.

How to Enjoy Sohbat

Sohbat is best enjoyed piping hot, served in generous portions alongside freshly baked bread or naan. It can be garnished with a drizzle of ghee or sprinkling of crushed red pepper for an added kick of flavor. Whether enjoyed as a hearty breakfast, a comforting meal, or a communal dish shared among friends, Sohbat never fails to delight the taste buds and warm the heart.

In Conclusion

Sohbat or Sobat is more than just a traditional dish – it is a culinary masterpiece that embodies the rich heritage and cultural identity of Khyber Pakhtunkhwa. With its simple yet wholesome ingredients, comforting flavor, and communal spirit, Sohbat continues to captivate hearts and palates alike, preserving a timeless tradition for generations to come.

 

Indulge in the warmth and flavor of Sohbat, and experience the true essence of Pakistani cuisine like never before.

DI Khan: A City of Rich History and Potential

DI Khan: A City of Rich History and Potential
DI Khan: A City of Rich History and Potential 1200 630 D. I. Khan New City

Situated to the west of the majestic Indus River, Dera Ismail Khan (DI Khan) boasts a history dating back to the 15th century. Initially founded by a Baloch chief, the old city was tragically swept away by the Indus River in 1823. Following this, Durrani chiefs meticulously planned the new city, which emerged as an important municipality.

 

Today, DI Khan serves as a crucial transportation hub, featuring a bridge that connects it to Darya Khan. The city is known for its hand-manufactured goods, including lacquered woodwork, glasswork, and intricately crafted lungis.

Economic Development and Opportunities in DI Khan

Located on the western bank of the Indus River in Khyber Pakhtunkhwa, DI Khan offers significant economic and business development potential. With its vast agricultural land and rich resource base, the district can attract investment and achieve economic prosperity.

Agricultural Growth

DI Khan’s vast agricultural land supports diverse crop and fruit production, including the renowned Dhakki dates, wheat, sugar cane, and high-quality mangoes. Implementing modern farming techniques and value addition opportunities can further enhance productivity and local economic growth.

Agricultural Growth

Mineral Resources

The district is home to various minerals widely used in industries such as construction. Notable minerals include limestone, laterite, silica, and sandstone. Significant reserves of natural gas, crude oil, and coal are also present, particularly in the DIK East Exploration Block, which offers joint venture opportunities for exploration and production.

DI Khan mineral resources

Oil & Gas Sector Investment

DI Khan presents investment opportunities in the oil and gas sector, particularly in the DIK East Exploration Block. With potential collaborations for geological, geophysical, and engineering studies, the district is a promising site for oil and gas exploration.

Oil & Gas Sector Investment

Handicrafts Industry

DI Khan is known for its unique and captivating handicrafts, including lacquered woodwork, glassware, ivory ware, and traditional clothing. Supporting local artisans through institutions focused on capacity development and design can enhance their craftsmanship and boost economic opportunities.

Handicrafts Industry in dera islamil khan

Recommendations for Unlocking Potential

To maximize DI Khan’s potential and drive economic growth, consider the following recommendations:

 

Establish Medium-Scale Production Units: Invest in new production units for dates processing, sohan halwa, and mango pickle.

Upgrade Existing Production Units: Enhance existing units’ capacities to contribute to the agro-based industry.

Develop Large-Scale Industries: Explore establishing new large-scale industries like sugar mills to promote significant economic growth.

Commercialization and Modernization: Emphasize commercializing agriculture and processed products to stabilize food chains and create new business opportunities.

Promote Handicrafts: Create institutions for promoting handicrafts, capacity development, and connecting artisans with the broader fashion industry.

Support Mining Industry: Establish a “Mineral City” for potential investors in construction and provide guidance on modern mining techniques and equipment.

 

DI Khan’s rich history, cultural heritage, and economic potential position the district for growth. By capitalizing on its agricultural, mineral, and handicraft resources, DI Khan can emerge as a thriving hub of business and prosperity.

Pakistan Seeks $3.5 Billion Financing from Saudi Arabia for Diamer-Bhasha Dam

Pakistan Seeks $3.5 Billion Financing from Saudi Arabia for Diamer-Bhasha Dam
Pakistan Seeks $3.5 Billion Financing from Saudi Arabia for Diamer-Bhasha Dam 600 450 D. I. Khan New City

Pakistan has formally reached out to Saudi Arabia for financial assistance amounting to $3.5 billion to support the Diamer-Bhasha Dam project, a critical infrastructure endeavor. Saudi authorities will deliberate on this appeal in consultation with their financial advisors, with a decision expected in approximately 1.5 to 2 months.

 

Amidst the challenging landscape of 2024, Pakistan secured loans totaling $6.9 billion from various international sources. With the estimated cost of the Diamer-Bhasha Dam project standing at $8 billion, Pakistan aims to secure $4 billion from external funding sources.

 

In the proposed financing arrangement with Saudi Arabia, Pakistan seeks $2.3 billion as a concessional loan, featuring an interest rate of 2.25 percent and a repayment period of 25 years, with a grace period of 6 years. Additionally, Pakistan requests $1.2 billion as an equity investment in the project, with repayment terms linked to the borrowing costs of the United States government over a 10-year period, currently at 4.45 percent.

 

The financing structure for the Diamer-Bhasha Dam project entails a significant portion of 30 percent as equity investment, supplemented by 70 percent in the form of loans. This project holds immense significance for Pakistan, representing one of the most substantial dam initiatives in the nation’s history.

 

flood safety measure

Flood Safety Measures: A Comprehensive Guide
Flood Safety Measures: A Comprehensive Guide 1247 799 D. I. Khan New City

Living in a flood-prone area comes with its own set of challenges, especially during the rainy season when severe downpours are a common occurrence. With the risk of property inundation looming large, being well-prepared with flood safety measures becomes imperative. In this guide, Graana.com—Pakistan’s smartest property portal—will walk you through essential steps to take before, during, and after a flood to mitigate risks and ensure safety.

Understanding Floods and Their Causes

Floods, characterized by excessive overflow of water, pose a significant threat to life and property. Whether triggered by heavy rainfalls, bursting dams, or storm surges from tropical storms, floods can result in devastating consequences. Understanding why floods occur is crucial to implementing effective safety measures.

Why Preparation Matters

Floods are a common hazard in many regions, particularly in underdeveloped countries lacking proper water storage and disposal systems. Relying solely on geographic location is risky, as floods can develop slowly or strike suddenly with flash floods. Preparation is key to minimizing the impact of floods and safeguarding lives and property.

Tips for Flood Safety During Rainstorms

To navigate through rainstorms and floods safely, it’s essential to be well-prepared. Divided into three sections, this guide provides practical pointers and post-flood survival advice to help you protect yourself and your property.

Before the Flood: Preparing Yourself

Preparation begins long before a flood is predicted. Taking proactive steps such as avoiding flood-prone areas, elevating electrical and gas points, and purchasing flood insurance can significantly mitigate risks. Building barriers and increasing drainage can further enhance your home’s resilience against floods.

During the Flood: Emergency Safety Plan

In the event of an imminent flood, having an emergency safety plan can be a lifesaver. Prepare an emergency pack with essentials, keep electrically powered items charged, and take measures to stop water at the source. Moving valuables to higher floors, turning off gas and electricity, and using emergency lights responsibly are crucial steps to take during a flood.

After the Flood: Recovery Process

Once the floodwaters recede, the recovery process begins. Take precautions such as identifying the source of water entry, listening to authorities’ instructions, and avoiding contact with floodwaters to prevent contamination. Wear protective gear, use dehumidifiers to remove excess moisture, and document flood damage for insurance claims.

By following these flood safety measures and being prepared for any eventuality, you can mitigate risks and ensure the safety and well-being of yourself and your loved ones in the face of a flood. Remember, proactive preparation is key to effectively handling flood-related emergencies and minimizing their impact.

Understanding the Causes of Floods in Pakistan: An Analysis

Understanding the Causes of Floods in Pakistan: An Analysis
Understanding the Causes of Floods in Pakistan: An Analysis 2560 1707 D. I. Khan New City

Floods in Pakistan have caused significant destruction, claiming lives and damaging infrastructure across the country. The National Disaster Management Authority (NDMA) reports that since mid-June 2022, floods have resulted in 937 deaths. The recent monsoon rains have been particularly devastating, impacting regions like Sindh, South Punjab, Khyber Pakhtunkhwa, and Balochistan, and leaving approximately 50,000 people homeless.

 

The monsoon rains in August 2022 were especially severe, with rainfall reaching 166.8 mm compared to the usual 48 mm during the same period last year. This marks a 241% increase in average rainfall. Notably, Sindh and Balochistan experienced rainfall increases of 784% and 496% respectively, causing widespread destruction and leaving around 30 million people without shelter.

Causes of Floods in Pakistan

1. Heavy Rainfalls:

The main cause of flooding is heavy rainfalls during the monsoon season, which increase water levels in the Indus River and its tributaries such as Jhelum, Chenab, Ravi, and Sutlej Rivers. The monsoon spells this year has been unprecedented, with a significant impact on southern Pakistan.

2. Deforestation:

Deforestation has led to an increase in the intensity of rainfalls. According to Global Forest Watch, Pakistan lost approximately 63.2 hectares of forest cover in 2021, contributing to climate change and higher temperatures.

3. Lack of Dam Construction:

No more dam in Pakistan have been constructed in the past few years, Insufficient dam construction exacerbates the effects of flooding. Current projects such as the Mohmand and Diamer Bhasha dams are underway, but additional water reservoirs are needed to handle extreme weather conditions. Moreover, apart from these two dams, more dams are under construction in Pakistan.

Data on Heaviest Rainfalls

A record of heaviest rainfalls in Pakistan from 1931 to 2020 shows that extreme rainfalls have become increasingly common. For instance, on August 11, 2011, Tando Ghulam Ali in Sindh recorded 350 mm of rainfall in a single day. Other cities across Pakistan have also experienced significant rainfall.

Date Rainfall (mm) City Province
11 August 2011 350 Tando Ghulam Ali Sindh
23 July 2001 335 Rawalpindi (Shamsabad) Punjab
10 September 2012 305 Jacobabad Sindh
5 September 2014 300 Lahore Punjab
5 September 2014 296 Jhelum Punjab
5 September 2014 297 Islamabad Islamabad Capital Territory
10 August 2011 291 Mithi Sindh
29 July 2010 280 Risalpur Khyber Pakhtunkhwa
7 August 1953 278.1 Karachi (Manora) Sindh
29 July 2010 274 Peshawar Khyber Pakhtunkhwa
5 September 1961 264.2 Faisalabad Punjab
30 July 2010 257 Islamabad Islamabad Capital Territory
29 July 2010 257 Cherat Khyber Pakhtunkhwa
2 July 1972 256.5 Nawabshah Sindh
10 September 1992 255 Murree Punjab
5 September 2014 251 Mangla Punjab
5 September 2014 251 Sialkot Punjab
12 September 1962 250.7 Hyderabad Sindh
18 July 2009 205 Karachi (Masroor) Sindh
5 September 2014 243 Islamabad Islamabad Capital Territory
2 September 2020 240 Bahawalnagar Punjab
26 August 2011 240 Kohat Khyber Pakhtunkhwa
31 August 2011 238 Padidan Sindh
5 September 2014 234 Rawalakot Azad Kashmir
27 August 1997 233.8 Murree Punjab
29 July 2010 233 Kohat Khyber Pakhtunkhwa
30 July 2010 231 Murree Punjab
6 June 2010 227 Gwadar BalochistanBalouchistan
7 September 2011 225 Mithi Sindh
13 August 2008 221 Lahore Punjab
20 July 2013 217 Islamabad Islamabad Capital Territory
1 August 1976 211 Lahore Punjab
8 July 2003 209 Larkana Sindh
10 September 1992 208 Muzaffarabad Azad Kashmir
1 July 1977 207.6 Karachi Sindh
29 July 2007 205 Sargodha Punjab
4 August 2010 202 Dera Ismail Khan Khyber Pakhtunkhwa
11 August 2011 200 Tando Mohammad Khan Sindh
11 August 2011 200 Tando Ghulam Haider Sindh
24 July 2001 200 Islamabad Islamabad Capital Territory
27 August 1997 200 Islamabad Islamabad Capital Territory

Conclusion

While monsoon rains are a major cause of floods, there are other natural and human-made factors that contribute to the severity of the situation. The government must take proactive measures such as building more dams and addressing climate change issues to mitigate the impact of future floods. In the long run, comprehensive flood safety measures and environmental management strategies are essential to protect communities and prevent further losses.

Government Increases Petrol Price by Rs. 4.53, New Rate at Rs. 293.94 Per Liter

Government Increases Petrol Price by Rs. 4.53, New Rate at Rs. 293.94 Per Liter
Government Increases Petrol Price by Rs. 4.53, New Rate at Rs. 293.94 Per Liter 1500 1000 D. I. Khan New City

In a recent announcement on Monday, the federal government increased petrol prices by Rs. 4.53, setting the new rate at Rs. 293.94 per liter. Additionally, the price of high-speed diesel (HSD) saw an increase of Rs. 8.14 per liter, raising its cost to Rs. 290.38 per liter.

The updated prices will come into effect starting April 16, 2024. These price adjustments have raised concerns among consumers and businesses alike, as higher fuel costs can have widespread implications on transportation expenses and the overall economy.

Recent Price Adjustments

In the previous round of price adjustments, the government raised petrol prices by Rs. 9.66 per liter while simultaneously reducing the cost of diesel by Rs. 3.32 per liter.

Impact on Consumers and Economy

The increase in fuel prices will likely affect individuals and businesses that rely on petrol and diesel for their vehicles and operations. The rise in transportation costs could potentially lead to higher prices for goods and services across various industries. As a result, many consumers may need to reassess their budgets to accommodate these new fuel rates.

Future Considerations

As the government continues to adjust fuel prices, consumers and businesses alike should remain aware of potential fluctuations in costs. Keeping an eye on these changes can help individuals and companies plan for potential impacts on their budgets and operations.

 

The latest increase in fuel prices reflects the complex dynamics of the global oil market and its impact on local economies. While price adjustments may be necessary due to external factors, consumers and businesses must prepare for the potential ripple effects on their daily lives.

 

Stay tuned for further updates on fuel prices and how they may affect the local economy and your budget.

Turkey denies US airspace access for potential Iran action.

Turkey denies US airspace access for potential Iran action.
Turkey denies US airspace access for potential Iran action. 2560 1707 D. I. Khan New City

In a noteworthy diplomatic shift, Turkey has decided to deny the United States access to its airspace for military operations against Iran. This decision not only underscores Turkey’s pursuit of an independent and sovereign foreign policy, but also has broader implications for regional stability and global geopolitics.

An Independent Foreign Policy

Turkey’s decision highlights its commitment to autonomy in shaping its foreign policy, free from the influence of larger global powers. By taking this stance, Turkey is asserting its right to make decisions that align with its national interests and regional goals.

Promoting Regional Stability

By refusing the US request for airspace access, Turkey aims to prevent further escalation of tensions in the Middle East, especially concerning Iran. This decision can be seen as an effort to serve as a mediator and stabilizing force in the region, advocating for peace and dialogue over conflict.

Strategic Geopolitical Position

Turkey’s move underscores its strategic importance as a key player in the Middle East. As a NATO member and a bridge between Europe and Asia, Turkey’s actions carry significant weight and have the potential to influence the trajectory of regional events.

Evolving Relationships

Turkey’s decision reflects its evolving relationship with both the United States and Iran. While maintaining its strong ties with the US through NATO and other alliances, Turkey also seeks to build constructive relations with its neighbors, including Iran.

A Message of Balance and Diplomacy

By denying airspace access for US operations against Iran, Turkey is sending a nuanced message about its approach to regional diplomacy. It demonstrates Turkey’s commitment to engaging with all parties in a balanced and measured manner.

Conclusion

Turkey’s decision to deny the US access to its airspace is a multifaceted diplomatic move that signals its pursuit of an independent foreign policy, commitment to regional stability, and strategic influence in the Middle East. This move showcases Turkey’s efforts to navigate complex geopolitical challenges while safeguarding its own interests and promoting peace and dialogue in the region.

Savoring D.I. Khan: A Guide to the City's Finest Eateries best restaurants

Savoring D.I. Khan: A Guide to the City’s Finest Eateries
Savoring D.I. Khan: A Guide to the City’s Finest Eateries 1500 1100 D. I. Khan New City

Dera Ismail Khan, fondly known as D.I. Khan, is a city rich in culture, history, and most importantly, delicious cuisine. From traditional Pashtun delights to contemporary fusion dishes, D.I. Khan’s eateries offer a culinary adventure like no other. Join us as we explore some of the city’s best spots to tantalize your taste buds.

1. Al-Hafiz Restaurant

Nestled in the heart of D.I. Khan, Al-Hafiz Restaurant is renowned for its mouthwatering Pakistani cuisine. From aromatic biryanis to succulent kebabs, every dish is prepared with authentic flavors and served with hospitality that reflects the city’s warmth. Don’t miss their signature mutton karahi for a true taste of local culinary excellence.

2. Tandoori Sajji House

For aficionados of Balochi cuisine, Tandoori Sajji House is a culinary gem in D.I. Khan. Specializing in traditional Sajji—a flavorful dish of marinated roasted meat—the restaurant offers a variety of options, including chicken, lamb, and beef. Each dish is cooked to perfection in a tandoor, ensuring a tender and aromatic dining experience.

3. Usmania Restaurant

Located near the bustling streets of D.I. Khan, Usmania Restaurant is a favorite among locals for its diverse menu and inviting ambiance. Whether you’re craving spicy karahi, savory nihari, or indulgent desserts like falooda and kulfi, Usmania has something to satisfy every palate. Pair your meal with a refreshing lassi or traditional doodh soda for the perfect dining experience.

4. Quetta Hotel & Restaurant

Quetta Hotel & Restaurant is synonymous with quality food and impeccable service in D.I. Khan. With its extensive menu featuring everything from barbecue platters to seafood delicacies, the restaurant caters to discerning diners looking for a memorable culinary experience. Be sure to try their special Chapli kebabs for a burst of flavor that captures the essence of Pashtun cuisine.

Embark on a Culinary Adventure in D.I. Khan

With its rich culinary heritage and diverse flavors, Dera Ismail Khan invites food enthusiasts to embark on a gastronomic adventure like no other. Whether you’re a local resident or a curious traveler, exploring the city’s eateries promises an unforgettable culinary journey that celebrates the essence of Pakistani cuisine. So, gather your appetite and get ready to savor the flavors of D.I. Khan!

Share Your Dining Experiences

Have you had the pleasure of dining at any of these eateries in D.I. Khan? We’d love to hear about your culinary adventures! Share your favorite dishes, dining tips, and recommendations in the comments below. Happy eating!

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