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

By making this move, Turkey clearly signals a change in its strategic priorities. Moreover, the denial of airspace access directly challenges the United States’ regional influence. It also reflects Turkey’s growing autonomy in shaping its foreign relations.

Consequently, this shift could significantly alter dynamics in the Middle East. In addition, it may impact the U.S.’s military strategy in the region. Therefore, countries around the world are expected to closely monitor the situation and assess its influence on global geopolitics.

An Independent Foreign Policy

Turkey’s decision highlights its commitment to an autonomous foreign policy. It aims to stay free from the influence of larger global powers. By taking this stance, Turkey asserts its right to make decisions that support 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—particularly regarding Iran. This decision reflects its effort to act as a mediator and a stabilizing force in the region. Turkey advocates 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, its actions carry significant weight. They have the potential to influence the course 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 sends a nuanced message about its regional diplomacy. This move shows its commitment to engaging with all parties in a balanced and measured way.

Conclusion

Turkey’s decision to deny the US access to its airspace is a multifaceted diplomatic move. It signals the country’s pursuit of an independent foreign policy and a strong commitment to regional stability. The decision also reflects Turkey’s strategic influence in the Middle East. It showcases efforts to handle complex geopolitical challenges while protecting national 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—mouthwatering cuisine. Nestled along the banks of the Indus River, this vibrant city offers more than just scenic beauty.

From traditional Pashtun delights to contemporary fusion dishes, D.I. Khan’s eateries serve up a culinary adventure like no other. For example, you can savor the spicy chapli kebabs at a local dhaba or enjoy the creamy handi at a modern restaurant. In both cases, every bite tells a unique story.

If you’re a food lover in search of authentic flavors and warm hospitality, then join us as we explore some of the city’s best spots that will surely 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, each dish is crafted with authentic flavors. Moreover, the hospitality reflects the warmth and charm of the city.

For a true taste of local culinary excellence, don’t miss their signature mutton karahi. It’s a dish that will surely leave you craving more.

2. Tandoori Sajji House

For aficionados of Balochi cuisine, Tandoori Sajji House is a true gem in D.I. Khan. Specializing in traditional Sajji, a flavorful dish of marinated roasted meat, the restaurant offers a variety of options. Whether you prefer chicken, lamb, or beef, each dish is cooked to perfection in a tandoor. As a result, you’re guaranteed a tender and aromatic dining experience that will leave you wanting more.

3. Usmania Restaurant

Located near the bustling streets of D.I. Khan, Usmania Restaurant is a beloved spot for locals. With its diverse menu and inviting ambiance, it’s the perfect place for any meal. Whether you’re craving spicy karahi, savory nihari, or indulgent desserts like falooda and kulfi, Usmania has something to satisfy every palate. Additionally, you can pair your meal with a refreshing lassi or traditional doodh soda for the ultimate dining experience.

4. Quetta Hotel & Restaurant

Quetta Hotel & Restaurant is synonymous with quality food and impeccable service in D.I. Khan. Furthermore, its extensive menu offers everything from barbecue platters to seafood delicacies, catering to discerning diners in search of a memorable culinary experience. In addition, be sure to try their special Chapli kebabs, which offer a burst of flavor that perfectly 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!

Solar Panel Prices Hit Record Lows, expected to decrease further

Solar Panel Prices Hit Record Lows, expected to decrease further
Solar Panel Prices Hit Record Lows, expected to decrease further 1920 1285 D. I. Khan New City

In recent news, solar panel prices have dropped to record lows, with further decreases expected soon. Countries like those in Europe are now repurposing solar panels for innovative uses. For instance, in the Netherlands and Germany, some are being used as garden fences.

Social media platforms are buzzing with photos of this trend, showcasing the shift to using solar panels in unconventional ways. This is largely due to the high costs of traditional rooftop installations. The price drop stems from increased production by Chinese companies, flooding the global market and making it hard for US and European manufacturers to compete.

The International Energy Agency predicts global solar panel supply will triple by the year’s end, surpassing current demand. In 2023, spot market prices already halved, and by 2028, they are expected to drop another 40 percent.

In Pakistan, solar panel prices have also fallen, making solar power more accessible. Panels for systems between seven to 15 kilowatts are now available for as low as Rs 200,000, prompting a shift towards renewable energy.

As the world moves toward a greener future, falling solar panel prices present new opportunities for sustainable energy solutions. With further price reductions on the horizon, the future of solar energy looks even brighter.

National University of Sciences & Technology (NUST) and D. I. Khan New City Collaborate to Spearhead Economic Advancements in Pakistan

National University of Sciences & Technology (NUST) and D. I. Khan New City Collaborate to Spearhead Economic Advancements in Pakistan
National University of Sciences & Technology (NUST) and D. I. Khan New City Collaborate to Spearhead Economic Advancements in Pakistan 1600 1066 D. I. Khan New City

  • D. I. Khan New City takes a significant step towards educational excellence and economic development by partnering with The National University of Sciences & Technology (NUST), a leading institution in higher education and research. This collaboration seeks to transform Pakistan’s information technology landscape and uplift underserved areas through innovative initiatives.

    Driving Innovation Through National Science & Technology Park (NSTP)

    The partnership is driven by the National Science & Technology Park (NSTP), a flagship project of NUST under its “INNOVATE PAKISTAN” initiative. This initiative connects researchers, innovators, investors, and implementers to turn innovative ideas into practical solutions that drive economic growth.

    Empowering Communities Through IT Education

    Through this partnership, NUST and D. I. Khan New City aim to enhance digital inclusion and create self-employment opportunities in Pakistan’s less privileged regions. NUST will offer internationally recognized IT courses at affordable rates, providing aspiring learners across the nation with access to quality education. These initiatives will equip individuals with the skills and knowledge to succeed in the digital world, boosting employability.

    A Shared Vision for a Brighter Future

    A representative from NUST commented on the collaboration, stating, “We are excited to partner with D.I. Khan New City in our shared mission to advance IT and drive economic growth in Pakistan. Through this partnership, we aim to empower individuals with the education and skills necessary to thrive in today’s competitive world while fostering entrepreneurship and innovation.”

NUST and D. I. Khan New City Collaborate to Spearhead Economic Advancements in Pakistan

  • D. I. Khan New City also expressed excitement about the partnership, stating, “We are committed to contributing to Pakistan’s socio-economic development. Additionally, we aim to empower marginalized communities, especially women, and support poverty alleviation through direct interventions. Moreover, our collaboration with NUST highlights our dedication to promoting information technology and creating opportunities for sustainable economic growth. Furthermore, we aim to establish D. I. Khan New City as a central IT hub in Pakistan’s underserved areas.”

    A Transformative Partnership for Educational and Economic Prosperity

    The partnership between NUST and D. I. Khan New City holds great potential to transform Pakistan’s educational landscape and drive economic prosperity. By combining the expertise and resources of both entities, this collaboration promises to create a brighter future for underserved communities in Pakistan for generations to come.

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National University of Sciences & Technology (NUST) and D. I. Khan New City Collaborate to Spearhead Economic Advancements in Pakistan
National University of Sciences & Technology (NUST) and D. I. Khan New City Collaborate to Spearhead Economic Advancements in Pakistan
National University of Sciences & Technology (NUST) and D. I. Khan New City Collaborate to Spearhead Economic Advancements in Pakistan
National University of Sciences & Technology (NUST) and D. I. Khan New City Collaborate to Spearhead Economic Advancements in Pakistan
National University of Sciences & Technology (NUST) and D. I. Khan New City Collaborate to Spearhead Economic Advancements in Pakistan
National University of Sciences & Technology (NUST) and D. I. Khan New City Collaborate to Spearhead Economic Advancements in Pakistan
National University of Sciences & Technology (NUST) and D. I. Khan New City Collaborate to Spearhead Economic Advancements in Pakistan
National University of Sciences & Technology (NUST) and D. I. Khan New City Collaborate to Spearhead Economic Advancements in Pakistan
National University of Sciences & Technology (NUST) and D. I. Khan New City Collaborate to Spearhead Economic Advancements in Pakistan
Ruet-e-Hilal Committee Meeting Convened for Eid-ul-Fitr Moon Sighting

Ruet-e-Hilal Committee Meeting Convened for Eid-ul-Fitr Moon Sighting
Ruet-e-Hilal Committee Meeting Convened for Eid-ul-Fitr Moon Sighting 2300 1598 D. I. Khan New City

As the holy month of Ramadan draws to a close, Muslims around the world eagerly anticipate the arrival of Eid-ul-Fitr, a joyous occasion marking the end of fasting and spiritual reflection. In preparation for this auspicious event, the central Ruet-e-Hilal Committee has announced the convening of a crucial meeting on April 9 in Islamabad to sight the crescent moon.

Led by Chairman Maulana Abdul Khabir Azad, the Ruet-e-Hilal Committee plays a vital role in determining the date of Eid-ul-Fitr based on the sighting of the moon. Maulana Abdul Khabir Azad has reaffirmed the committee’s commitment to ensuring that Eid-ul-Fitr is celebrated on the same day across the country.

In an exclusive interview, Maulana Abdul Khabir Azad emphasized the importance of testimonies in determining the date of Eid-ul-Fitr. He stated that the committee will carefully consider all testimonies and sightings before making an official announcement.

The sighting of the crescent moon holds significant spiritual and cultural importance for Muslims worldwide. It marks the beginning of Shawwal, the month following Ramadan, and heralds a time of celebration, feasting, and communal prayers.

The decision of the Ruet-e-Hilal Committee regarding the sighting of the moon is eagerly awaited by Muslims across Pakistan. It serves as a unifying factor, bringing together communities in the celebration of Eid-ul-Fitr, regardless of geographical location or cultural differences.

As we approach the blessed occasion of Eid-ul-Fitr, let us pray for unity, peace, and prosperity for all humanity. May this joyous festival be a source of happiness and blessings for Muslims around the world.

Stay tuned for updates on the official announcement of Eid-ul-Fitr from the Ruet-e-Hilal Committee, and may this Eid bring joy and fulfillment to you and your loved ones.

Eid ul Fitr Holidays in Pakistan 2024

Eid ul Fitr Holidays in Pakistan 2024: What to Expect
Eid ul Fitr Holidays in Pakistan 2024: What to Expect 1023 641 D. I. Khan New City

Excitement fills the air as Pakistan prepares for Eid ul Fitr, the joyous festival marking the end of Ramadan. While the official holiday schedule hasn’t been finalized, reports suggest a potential six holidays for Pakistanis to celebrate.

Traditionally, Eid ul Fitr signifies the culmination of Ramadan, a month of spiritual reflection and fasting. This year, the festival is expected to fall around April 10th, based on the Lunar calendar introduced by the former Science and Technology Minister, Fawad Chaudhary, in 2019. According to this calendar, Ramadan will likely consist of 29 days, with Eid ul Fitr celebrations commencing on April 10th.

Preparations for Eid festivities often begin a day in advance, with families and communities coming together for decorations, traditional rituals, and culinary preparations. If the government announces a four-day holiday period from Tuesday, April 9th to Friday, April 12th, combined with the existing weekend holidays, Pakistanis would enjoy a generous six-day break to celebrate.

However, the final decision on the official holiday schedule rests upon consultations with the Pakistan Meteorological Department (PMD) and other relevant authorities. The Cabinet Division’s preliminary holiday list suggests a tentative three-day Eid ul Fitr holiday period from April 10th to 12th. This, however, could change based on the official moon sighting.

As anticipation grows and preparations commence, all eyes are on the official announcements regarding the Eid ul Fitr 2024 holiday schedule and festivities. Stay tuned for updates, and get ready to celebrate this special occasion with loved ones!