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Easypaisa Unveils AI-Powered Digital Insurance with Free Subscription

Easypaisa Unveils AI-Powered Digital Insurance with Free Subscription
Easypaisa Unveils AI-Powered Digital Insurance with Free Subscription 2048 1152 D. I. Khan New City

The financial landscape of Pakistan is evolving rapidly, with digital solutions leading the way in enhancing accessibility and convenience. Easypaisa Digital Bank has taken a groundbreaking step by launching its AI-powered Digital Insurance Marketplace, making insurance more affordable, seamless, and accessible for millions of Pakistanis.

A New Era of Digital Insurance in Pakistan

Easypaisa’s new insurance marketplace is designed to provide a hassle-free experience for users seeking various insurance products. The platform offers a diverse range of insurance plans, including:

  • Health Insurance
  • Life Insurance
  • Mobile Protection
  • Income Protection
  • Vehicle Insurance
  • Domestic & International Travel Insurance
  • Doctor Consultations

These services are powered by leading insurance providers such as EFU Life, EFU General, IGI Life, IGI General, WEBDOC, and Oladoc, ensuring quality coverage and credibility.

Exclusive Free Subscription Offer

To encourage adoption and provide users with immediate value, Easypaisa is offering a one-month free subscription on all monthly plans. This initiative makes insurance more affordable, transparent, and easily accessible to people across the country.

Additionally, users can benefit from instant consultations with over 25,000 specialist doctors via video or audio calls, along with discounted clinic and lab visits—bringing healthcare services directly to their fingertips.

AI-Powered Convenience

The integration of artificial intelligence (AI) into Easypaisa’s Insurance Marketplace ensures a faster, smarter, and more efficient user experience. The platform enables real-time conversations, provides tailored insurance options based on user preferences, answers queries instantly, and simplifies the transaction process.

Leadership Insights on the Initiative

Jahanzeb Khan, President & CEO of Easypaisa Digital Bank, highlighted the importance of this milestone:

“The launch of our digital insurance marketplace is a major step in increasing accessibility to insurance services for a broader segment of society. Easypaisa remains committed to providing users with essential financial tools that protect them in times of need.”

Farhan Hassan, Head of Wallet Business at Easypaisa Digital Bank, emphasized the need to bridge the insurance gap:

“Our insurance marketplace aims to break long-standing barriers in the insurance sector. With less than 1% insurance penetration in Pakistan, our goal is to simplify and expand insurance accessibility, aligning with Easypaisa’s mission of financial inclusion.”

Transforming Pakistan’s Digital Finance Ecosystem

As Pakistan’s first digital bank to commence commercial operations, Easypaisa continues to spearhead the country’s digital transformation. By integrating innovative financial solutions, it is not only enhancing financial security but also fostering economic growth and sustainability.

Conclusion

The launch of Easypaisa’s Digital Insurance Marketplace marks a significant leap towards a more inclusive and financially secure Pakistan. With AI-driven convenience, a one-month free subscription, and partnerships with leading insurers, this initiative is set to redefine the way Pakistanis perceive and access insurance services.

Jazz Invests PKR 53.9B in 2024 to Drive Pakistan's Digital Growth

Jazz Invests PKR 53.9B in 2024 to Drive Pakistan’s Digital Growth
Jazz Invests PKR 53.9B in 2024 to Drive Pakistan’s Digital Growth 696 418 D. I. Khan New City

In a monumental step toward digital transformation, Jazz has announced a PKR 53.9 billion investment in 2024. This strategic move represents a 46.2% year-on-year (YoY) increase, reflecting the company’s dedication to accelerating Pakistan’s digital and financial landscape. From fintech solutions to AI-powered services, Jazz is building a future-ready, digitally inclusive ecosystem.

Driving Financial Inclusion with JazzCash

JazzCash continues to revolutionize Pakistan’s financial landscape. With over 19.7 million active users and facilitating PKR 2.8 trillion in transactions, JazzCash has become a key player in promoting a cashless economy. The platform’s rapid growth is supported by:

  • 143,000+ Daily Digital Loans:

    Offering easy access to credit.

  • 350,000+ Merchant Network:

    Enhancing cashless transactions nationwide.

  • 122,000 Agents:

    Ensuring financial services reach remote areas.

This growth signifies Jazz’s commitment to reducing financial exclusion, particularly in underserved communities.

Expanding Digital Horizons with AI and Cloud Solutions

Jazz’s ServiceCo strategy emphasizes expanding beyond traditional telecom services. This includes the development of AI-powered platforms and localized cloud solutions like Garaj, which reported a 74% growth in 2024.

Other notable advancements include:

  • Tamasha:

    Pakistan’s leading streaming platform with 17.1 million monthly active users (MAUs), offering premium sports content and expanding into new categories.

  • SIMOSA:

    AI-powered lifestyle platform with 19 million MAUs, providing personalized digital experiences.

  • FikrFree:

    AI-driven insurance and healthcare marketplace, gaining 1.4 million users and selling 790,000 policies.

Commitment to Sustainability and Partnerships

A notable aspect of Jazz’s strategy is its commitment to sustainable growth. Collaborating with Engro Corporation on infrastructure development, Jazz is embracing an asset-light model to ensure scalability and resilience.

Conclusion

Jazz’s massive investment in 2024 marks a significant milestone in Pakistan’s journey towards digital and financial inclusion. By leveraging AI, fintech innovations, and strategic partnerships, Jazz is not only expanding connectivity but also creating a more inclusive, cashless economy.

Google Wallet Now Available for Meezan Bank Customers

Google Wallet Now Available for Meezan Bank Customers
Google Wallet Now Available for Meezan Bank Customers 2048 860 D. I. Khan New City

In a groundbreaking move for Pakistan’s financial sector, Meezan Bank has officially integrated with Google Wallet, enabling its customers to enjoy seamless, contactless payments using Android smartphones and Wear OS devices. This development marks a significant step towards the digital transformation of Pakistan’s banking industry and aligns with the global shift towards a cashless economy.

Meezan Bank Joins the Digital Payment Revolution

Starting today, Meezan Bank customers can link their Visa and Mastercard debit cards to Google Wallet, allowing them to make quick and secure transactions online, in-store, and within apps. This eliminates the need for carrying physical cards and enhances user convenience and security.

Key Benefits of Google Wallet for Meezan Bank Users

  • Secure and Contactless Payments – Tap and pay effortlessly using Android devices.
  • Enhanced Security Features – Google Wallet employs tokenization to safeguard customer data, replacing sensitive card details with unique digital identifiers.
  • Real-Time Transaction Tracking – Users can monitor transactions instantly within the app.
    Convenience and Flexibility – Supports in-store, online, and in-app payments at millions of global merchants.
  • Seamless Authentication – Customers can use fingerprint, PIN, or pattern authentication for secure transactions.

Google & Meezan Bank Collaboration – A Vision for the Future

During a high-profile visit to Meezan Bank’s head office, Google Inc., Thales, Mastercard, and VISA representatives met with the bank’s Deputy CEO, Syed Amir Ali, and the leadership team to discuss the future of digital payments in Pakistan. The collaboration underscores a shared commitment to modernizing banking services and providing users with a faster, safer, and more convenient way to transact.

The Future of Digital Payments in Pakistan – Google Wallet

With the introduction of Google Wallet, Pakistan is stepping into a new era of digital banking and financial inclusion. The integration offers Meezan Bank customers a polished and feature-rich payment solution, encouraging digital adoption across the country.

A Step Towards a Cashless Pakistan

Syed Iftikhar Ul Haq, Group Head Consumer Finance at Meezan Bank, expressed his enthusiasm:
“We are thrilled to partner with Google Pay to offer our customers a seamless, secure payment experience. As Pakistan’s most trusted Islamic bank, this collaboration supports our commitment to digital innovation and will help drive the adoption of digital payments across the region.”

Conclusion

With Meezan Bank embracing Google Wallet, the future of digital payments in Pakistan looks promising. Customers can now experience hassle-free, secure, and innovative banking like never before. This step not only empowers users but also contributes to Pakistan’s journey towards a digitally driven economy.

Mobilink-Bank-Wins-Prestigious-GLOMO-Award.jpg

Mobilink Bank Secures Prestigious Glomo Award for Transformative “Invisible Heirs” Initiative
Mobilink Bank Secures Prestigious Glomo Award for Transformative “Invisible Heirs” Initiative 1280 720 D. I. Khan New City

In a landmark achievement, Mobilink Bank has been honored with the coveted Glomo Award at the Mobile World Congress (MWC) Barcelona 2024. The bank was recognized in the Best Use of Mobile for Social, Economic, or Environmental Development category. This accolade celebrates its innovative “Invisible Heirs” initiative — a visionary campaign addressing the challenges of unclaimed inheritance in Pakistan, especially impacting women and children.

Bridging the Gap in Inheritance Rights

Across Pakistan, countless families lose rightful inheritances due to inadequate legal documentation. This issue disproportionately affects vulnerable groups. Mobilink Bank’s campaign tackles the problem by leveraging mobile technology to simplify the process of legally documenting heirs. Through user-friendly digital tools, the initiative empowers individuals to secure their families’ financial futures, ensuring assets are transferred smoothly and lawfully.

Leadership Insights: A Commitment to Social Impact

Ghias Khan, CEO of Mobilink Bank, emphasized the campaign’s mission:

“Invisible Heirs is more than a project — it’s a movement to dismantle barriers that perpetuate inequality. By harnessing mobile solutions, we’re enabling families to protect their legacies and fostering economic resilience for generations.”

Haaris Mahmood, Chief Marketing Officer, added:

“This award underscores our belief in technology as a catalyst for societal progress. The campaign’s success reflects our dedication to creating inclusive solutions that uplift marginalized communities and drive meaningful change.”

A Legacy of Innovation

This marks Mobilink Bank’s second Glomo Award win, following its 2023 triumph for advancing digital inclusion. Consecutive accolades highlight the institution’s leadership in combining fintech innovation with social responsibility. The bank continues to set a benchmark for the industry.

Conclusion

The “Invisible Heirs” initiative addresses a critical social issue while showcasing the transformative role financial institutions can play in society. By prioritizing accessibility and equity, Mobilink Bank is redefining the intersection of finance and humanitarian impact.

As the bank pioneers more tech-driven solutions, its latest achievement reinforces Pakistan’s growing influence on the global fintech stage. Stay tuned for more groundbreaking endeavors from Mobilink Bank, as it champions a future where technology serves as a bridge to justice and prosperity.

Pakistan Expands IT Infrastructure with 43 Technology Parks

Pakistan Expands IT Infrastructure with 43 Technology Parks
Pakistan Expands IT Infrastructure with 43 Technology Parks 930 500 D. I. Khan New City

Pakistan’s IT sector is experiencing rapid growth, thanks to the government’s latest initiatives aimed at expanding technology infrastructure. The Pakistan Software Export Board (PSEB), under the Ministry of Information Technology and Telecommunication (MoITT), has successfully developed 43 Software Technology Parks (STPs) nationwide. These tech hubs play a vital role in enhancing IT exports, fostering innovation, and creating employment opportunities.

Boosting IT & ITeS Growth

The newly established STPs accommodate over 350 IT and IT-enabled Services (ITeS) firms, providing employment to approximately 18,000 professionals across 1.9 million square feet of workspace. A notable achievement is the inclusion of women in the workforce, making up 20% of employees in these technology hubs.

Key Locations and Economic Impact

Between FY2022-24, these IT parks were set up in major and emerging cities, including Islamabad, Lahore, Karachi, Faisalabad, Quetta, Sialkot, and Swat. The parks collectively generate approximately $100 million in foreign exchange annually and contribute $15 million to the local economy.

Major IT Parks in Karachi & Islamabad

To further enhance Pakistan’s ICT sector, two large-scale IT parks are currently under development:

  • Karachi IT Park – A $186 million facility spanning 1.12 million square feet is set to be operational by 2027. This park is expected to create 13,400 jobs and boost IT exports by $90 million.
  • Islamabad IT Park – Scheduled for completion in 2025, this $88.4 million project covers 720,000 square feet, aiming to generate 7,500 jobs and contribute an additional $70 million to IT exports.

E-Rozgaar Centres & Digital Economy Growth

As part of its broader digital transformation strategy, the government plans to establish 250 e-Rozgaar centres by 2027 under the Prime Minister’s Initiatives—Support for Startups, Specialised IT Trainings, and Venture Capital program. These centres aim to equip aspiring professionals with essential digital skills, supporting Pakistan’s growing tech ecosystem.

Why This Matters?

  • Enhanced IT Infrastructure – The expansion of STPs provides a world-class work environment for tech firms.
  • Job Creation – Thousands of new employment opportunities are being generated in the IT sector.
  • Increased IT Exports – Strengthening Pakistan’s position in the global digital economy.
  • Empowering Women – More inclusion of women professionals in the workforce.

D.I. Khan New City’s Visionary Technology Park

Adding to Pakistan’s growing IT infrastructure, D. I. Khan New City is also developing a state-of-the-art Technology Park in collaboration with NUST and NUTECH. This initiative aligns with the city’s commitment to fostering innovation and tech-driven growth. The upcoming technology park will provide modern facilities for startups, IT companies, and research institutions, creating a hub for cutting-edge advancements in software development, artificial intelligence, and digital solutions. By investing in technology infrastructure, D. I. Khan New City is positioning itself as a major player in Pakistan’s digital transformation.

Conclusion

The establishment of 43 technology parks and two major IT parks in Karachi and Islamabad marks a significant milestone for Pakistan’s IT industry. With continued government investment in digital transformation, the country is well on its way to becoming a regional technology hub. As the sector flourishes, businesses and professionals alike can look forward to exciting opportunities in the evolving digital landscape.

Islamabad’s First International-Standard Cricket Stadium

Islamabad’s First International-Standard Cricket Stadium
Islamabad’s First International-Standard Cricket Stadium 1600 1200 D. I. Khan New City

Cricket enthusiasts in Pakistan have reason to celebrate as Islamabad gears up for the construction of its first-ever 50,000-seat cricket stadium. The Capital Development Authority (CDA) has intensified efforts to bring this long-awaited project to life, marking a significant milestone in the country’s sports infrastructure.

Fast-Tracked Development Underway

The project, which had faced delays for years, is now moving forward rapidly under the directives of Interior Minister Mohsin Naqvi. During a high-level meeting at CDA headquarters, Naqvi instructed officials to engage a consultant for finalizing the stadium’s design and fast-track approvals. The stadium is expected to be built near the D-12 sector, offering breathtaking views of the Margalla Hills.

A State-of-the-Art Venue for International Matches

Islamabad’s mega cricket stadium will be designed to meet international standards, providing a world-class venue for Pakistan Super League (PSL) matches, bilateral series, and global cricketing events. The project will not only cater to local fans but also boost Pakistan’s global sporting reputation.

Land Allocation & Revenue Sharing Plan

To facilitate the project, the CDA has proposed a 99-year lease on 280 kanals of land, ensuring long-term stability. Under the proposed agreement, the Pakistan Cricket Board (PCB) will handle construction within five years, with revenue distribution structured as follows:

  • 70% for PCB
  • 30% for CDA

This strategic partnership aims to ensure a sustainable financial model while providing Islamabad with a much-needed international cricketing hub.

Overcoming Past Hurdles

Previous plans to construct a cricket stadium in Shakarparian were abandoned due to legal complications. However, with a new location and strong government backing, this project is now set to materialize. The authorities are committed to avoiding past roadblocks and ensuring smooth execution.

Economic & Social Impact

Beyond just cricket, this stadium is expected to generate significant economic benefits, including:

  • Job creation during and after construction
  • Increased tourism & hospitality sector growth
  • Boost to local businesses

Additionally, it will provide a dedicated space for aspiring cricketers, fostering grassroots talent development in the region.

Islamabad’s Future as a Sports Hub

With the development of this stadium, Islamabad is set to become a premier sports destination in Pakistan. The capital city will finally join the ranks of Lahore and Karachi, hosting high-profile international matches and attracting global cricketing talent.

Conclusion

Islamabad’s first-ever international cricket stadium is no longer just a dream—it’s becoming a reality. As the CDA pushes for rapid progress, cricket fans across the country eagerly anticipate the day when the capital hosts its first major cricketing event.

Stay tuned for further updates on this landmark project, and get ready for Islamabad’s rise as a cricketing powerhouse!

FBR to Reassess Real Estate Taxes – A Major Relief for Pakistan

FBR to Reassess Real Estate Taxes – A Major Relief for Pakistan
FBR to Reassess Real Estate Taxes – A Major Relief for Pakistan 1280 605 D. I. Khan New City

The Federal Board of Revenue (FBR) has taken a significant step toward revitalizing Pakistan’s real estate and construction industry. In response to rising concerns over high transaction taxes, FBR Chairman Rashid Mahmood has agreed in principle to reassess and potentially reduce taxation on property sales and purchases. This move is expected to boost property transactions, encourage affordable housing, and stimulate overall market activity.

FBR’s Plan to Reduce High Real Estate Taxes

During a key meeting of the Taxation-Task Force for Housing Sector Development, industry stakeholders raised alarms over the excessive tax burden imposed under Sections 236C and 236K of the Income Tax Ordinance 2001. Combined with 5% Federal Excise Duty (FED) and 4% provincial stamp duty, the overall tax impact on a single property transaction reaches a staggering 13%, discouraging investments.

The FBR Chairman acknowledged the concerns and agreed to reevaluate these taxes, emphasizing the possible reduction of the 5% FED, provided that provincial governments do not increase their respective real estate taxes.

Tax Incentives for First-Time Homebuyers & Affordable Housing

To further support affordable housing and encourage first-time homebuyers, a committee led by the Member Policy FBR has been established. The committee will draft actionable recommendations for rationalizing federal and provincial property taxes.

Key Committee Members:

  • Sardar Tahir Mehmood – President, Federation of Realtors Pakistan
  • Maj General Aamir Aslam – Chairman, NAPHDA
  • Hafiz Mian M. Nauman – Ex-MPA
  • Waseem Hayat Bajwa – DDG, Policy & Planning Wing, MoH&W
  • Ahsan Malik – Real Estate Analyst

This committee will play a crucial role in structuring tax relief measures and ensuring a balanced approach that benefits both investors and homebuyers.

Aligning Property Valuations with Market Rates

Another significant concern addressed was the discrepancy in property valuation rates. The FBR Chairman proposed an annual review of valuation rates, in collaboration with provincial governments and Inland Revenue Operations, to bring them in line with actual market values. This step will enhance transparency and fairness in property assessments.

Facilitating Overseas Pakistanis in Real Estate Investments

Recognizing the challenges faced by overseas Pakistanis in property transactions, the FBR Chairman proposed an online verification system in collaboration with NADRA. This initiative aims to minimize reliance on field offices and simplify property-related procedures for non-resident Pakistanis.

Revisiting Section 7E and Idle Plots Taxation

A heated debate centered around the income tax on deemed income under Section 7E, which affects idle properties. While the FBR clarified that this tax does not apply to income-generating properties, concerns were raised regarding its impact on undeveloped plots. The Chairman agreed to review and refine the tax framework to prevent double taxation and undue burdens on property owners.

Strengthening Oversight & Digitalization in Real Estate

To promote greater transparency and compliance, the Directorate General of Designated Non-Financial Business and Professions (DNFBPs) will be strengthened with additional resources. Furthermore, a comprehensive digitalization strategy is under discussion to streamline operations and reduce bureaucratic inefficiencies.

Finalized Tax Relief Package – What to Expect?

Real estate experts are optimistic that the finalized tax incentive package, set to be announced in February 2025, will provide substantial relief to the industry. The proposed reforms are expected to include:

  • Lower transaction taxes
  • Incentives for affordable housing projects
  • Measures to attract real estate investments

Conclusion:

The FBR’s decision to reassess real estate taxes marks a turning point for the construction sector. By addressing high transaction costs, valuation discrepancies, and overseas investment hurdles, these reforms could revive property market activity and encourage sustainable growth. Stakeholders eagerly await the official announcement and finalization of the tax relief package.

China’s AI Breakthrough DeepSeek Surpasses ChatGPT in 7 days

China’s AI Breakthrough DeepSeek Surpasses ChatGPT in 7 days
China’s AI Breakthrough DeepSeek Surpasses ChatGPT in 7 days 960 540 D. I. Khan New City

China’s AI industry has made a groundbreaking advancement with the launch of DeepSeek AI, a model that has outpaced ChatGPT in just seven days. Developed at a significantly lower cost, DeepSeek AI’s rapid success is shaking up the global AI landscape and challenging tech giants like Nvidia and OpenAI.

What Sets DeepSeek AI Apart?

DeepSeek AI stands out for its cost-effective development, utilizing fewer high-end computing chips while still delivering top-tier performance. Unlike models that rely on expensive AI hardware, DeepSeek demonstrates that innovation and efficiency can go hand in hand. This breakthrough has placed immense pressure on companies dependent on premium AI chips, signaling a major shift in the industry.

Impact on the Global AI Industry

The sudden rise of DeepSeek AI has led to significant consequences in the tech world:

  • Nvidia’s stock drop:

    The success of DeepSeek AI caused a $600 billion decline in Nvidia’s stock value, emphasizing the disruptive potential of this new AI model.

  • China’s push for tech independence:

    With U.S. restrictions on advanced semiconductor chips, China is striving for self-sufficiency in AI development. DeepSeek AI’s rapid success underscores the nation’s ability to innovate despite global challenges.

  • Increased competition:

    OpenAI and other leading AI developers now face stiff competition from China, raising the stakes in the AI arms race.

The Vision Behind DeepSeek AI

DeepSeek AI was founded by Liang Wenfeng, a visionary who aims to create original, cutting-edge AI models rather than simply replicating existing ones. His mission is to push the boundaries of artificial intelligence and position China at the forefront of the global AI industry.

Challenges and Concerns

While DeepSeek AI’s rise is impressive, it also raises some concerns:

  • Censorship & Data Privacy:

    Given China’s strict regulations on internet content and user data, many experts question how DeepSeek AI will handle sensitive topics and ensure privacy protection.

  • Long-term reliability:

    As a relatively new AI model, DeepSeek AI must prove its scalability, accuracy, and security over time.

Conclusion

DeepSeek AI’s rapid ascent marks a pivotal moment in the AI industry, proving that new players can challenge tech giants in record time. As China continues to innovate, the global AI landscape is set for a significant transformation, with DeepSeek AI leading the charge.

Pakistan Launches Direct Shipping Line to Europe to Boost Global Trade

Pakistan Launches Direct Shipping Line to Europe: A Boost for Trade and Economic Growth
Pakistan Launches Direct Shipping Line to Europe: A Boost for Trade and Economic Growth 1772 1181 D. I. Khan New City

In a historic move to enhance international trade and solidify its position in global markets, Pakistan has launched the India North Europe Express (INX) maritime service. This new shipping line establishes a direct connection between Pakistan and Europe, marking a significant step forward for the nation’s trade and economic landscape.

Scheduled to commence on February 5, 2025, the weekly service will operate from Karachi, linking key European ports, including London Gateway, Rotterdam, Hamburg, and Antwerp. This development not only reduces transit times but also strengthens Pakistan’s trade capabilities, making it a game-changer for businesses aiming to expand their reach into European markets.

Key Features of the INX Maritime Service

  1. Enhanced Trade Routes

    The INX service offers direct access to major European trade hubs, eliminating the need for intermediary shipping routes. This significantly improves efficiency and reduces transit times, a critical advantage for businesses dealing with perishable goods or time-sensitive shipments.

  2. High Capacity and Efficiency

    The service features ship capable of carrying up to 6,000 containers, completing a round trip in just 11 weeks. This high-capacity system ensures a reliable and seamless flow of goods between Pakistan and Europe.

  3. Economic Benefits

    By optimizing shipping logistics, the INX maritime service promotes cost savings and improved trade efficiency for exporters. Businesses across Pakistan stand to benefit from quicker market access and enhanced trade opportunities.

Strategic Importance for Pakistan

The INX maritime service underscores Pakistan’s strategic location at the crossroads of Central Asia, South West Asia, and the Persian Gulf. This initiative positions Pakistan as a central player in global trade networks, enhancing its connectivity with international markets.

For businesses in D.I. Khan New City, the new shipping line offers a unique opportunity to tap into global trade. As a growing urban center focused on sustainability and economic growth, D.I. Khan New City stands to benefit from the increased trade activity and investment spurred by the INX service.

Opportunities for Exporters

With quicker and more reliable access to European markets, the INX maritime service opens new doors for Pakistani exporters. Key industries such as textiles, agriculture, and manufactured goods can now compete more effectively on the global stage.

Additionally, this initiative aligns with Pakistan’s goals of promoting economic growth and diversifying export markets, enabling businesses to strengthen trade ties with Europe and beyond.

A Bright Future for Pakistan’s Trade Sector

The launch of the INX maritime service represents a monumental leap forward for Pakistan’s trade sector. By improving connectivity, reducing transit times, and enhancing trade efficiency, the service sets the stage for sustainable economic growth.

For regions like D.I. Khan New City, this development highlights the potential for increased investment and trade opportunities, aligning perfectly with the city’s vision of becoming a hub for innovation and growth.

Conclusion

As Pakistan takes bold steps to solidify its position in global trade, initiatives like the INX maritime service highlight the country’s commitment to progress and economic excellence. With direct shipping to Europe now a reality, the future of trade in Pakistan looks brighter than ever.

For businesses in D.I. Khan New City and beyond, this is a moment of immense opportunity to expand horizons and embrace new possibilities in the global marketplace.

Gold Reserves Worth Billions Discovered in Punjab’s Indus River Basin

Gold Reserves Worth Billions Discovered in Punjab’s Indus River Basin
Gold Reserves Worth Billions Discovered in Punjab’s Indus River Basin 2480 1270 D. I. Khan New City

A groundbreaking discovery of gold reserves in Punjab’s Attock region has unveiled a potentially transformative economic opportunity. Valued at approximately Rs 600 billion, these deposits remain untapped due to various administrative challenges.

Gold Discovery in Punjab’s Indus River Basin

According to Provincial Minister for Mines, Ibrahim Hassan Murad, the Attock region holds an estimated 2.8 million tolas (32.6 metric tons) of gold. The deposits, stretching over a 32-kilometer area from Attock to Tarbela and Mianwali, were identified by the Geological Survey of Pakistan. Experts attribute the accumulation of gold to the geological activity where the Indus and Kabul rivers meet, with the precious metal becoming more visible during the winter months as water levels recede.

Administrative Challenges Hindering Exploration

Despite the potential of these gold reserves, progress on exploration has been slow. Reports suggest a focus on stone and sand zinc mining, diverting attention from the lucrative gold deposits. Furthermore, the area has seen illegal gold extraction activities, even though Section 144 was imposed to ban unauthorized extraction from the Indus River near Attock. However, enforcement has been minimal, with only a handful of cases registered against violators.

Historical Context and Industry Observations

The challenges surrounding these gold reserves are not new. In 2017, a Chinese company’s exploration efforts ended in controversy due to unauthorized gold extraction, which led to the cancellation of their contract. This incident highlights the persistent obstacles in the development of Pakistan’s mining sector, including regulatory issues and enforcement difficulties.

Conclusion

The discovery of substantial gold reserves in Punjab’s Indus River Basin presents an immense economic opportunity. However, addressing the administrative and operational challenges is crucial to unlock the full potential of these valuable resources. With the right focus, the region could see significant growth and prosperity from its untapped gold wealth.

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