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Articles for tag: 2025, billion, Dollars, Electric Vehicles, group, Hyundai, Hyundai Motor Group, Invest, Investment, Korea, Motor, R&D, South, South Korea, year

January 9, 2025

News Desk

Hyundai Motor Group will invest 16.7 billion dollars in South Korea this year

Listen to the article Hyundai Motor Group announced plans to invest a record 24.3 trillion won ($16.65 billion) in South Korea this year, marking a 19 percent increase in domestic investment compared to last year. The investment aims to secure future growth for the company despite economic and political uncertainties. The group, which includes Hyundai Motor and Kia Corp, is the world’s third-largest vehicle maker, after Toyota Motor and Volkswagen. The planned investment includes 11.5 trillion won for research and development focused on next-generation products, electrification, software-defined vehicles, hydrogen-fueled products and other technological developments. In addition, Hyundai Motor Group will

January 3, 2025

News Desk

Punjab to invest Rs 1.5 billion in modernization of citrus industry

Listen to the article KARACHI: The Punjab government has announced a transformational investment of 1.5 billion Rs to modernize and revitalize the citrus industry, Pakistan’s leading horticultural export sector, according to the Pakistan Fruit and Vegetable Exporters Association (PFVA). Key elements of the citrus industry transformation program include the establishment of disease-free citrus nurseries capable of producing one million plants per year, the introduction of new citrus varieties to diversify the industry, and the establishment of high-density demonstration orchards equipped with modern irrigation systems. Mobile soil and water testing units will also be introduced, while large tracts of land will

December 14, 2024

News Desk

CM Maryam woos Chinese companies to invest in Punjab

Punjab Chief Minister Maryam Nawaz (centre) is pictured with the participants of the Punjab-China Round Table Conference on December 14, 2024 in Guangzhou, China. — Provided LAHORE: On the 6th day of her 8-day visit to China, Chief Minister Punjab Maryam Nawaz Sharif invited Chinese technology companies to start operations in Punjab while presiding over an investment roundtable conference in Guangzhou. Responding to her invitation, Chinese technology companies expressed strong interest in investing in Punjab as she pledged to facilitate them through a one-stop shop. During the conference attended by executives from more than 60 prominent companies from China and

November 1, 2024

News Desk

Qatar to invest $3 billion in Pakistan after PM Shehbaz visit: information minister

Federal Minister for Information and Broadcasting Attaullah Tarar addresses the press conference in Islamabad on November 1, 2024. — Screengrab via Geo News Both sides agree to strengthen cooperation in many areas: Tarar. “Qatar Honors Prime Minister by Organizing Pakistan-Special Exhibition.” The Minister defines the development as a milestone in the Prime Minister’s economic agenda. Qatar will invest $3 billion in various sectors of Pakistan including trade, investment, culture and others after the successful visit of Prime Minister Shehbaz Sharif, Information Minister Ataullah Tarar said on Friday. “Qatar had earlier committed to invest $3 billion in Pakistan,” Tarar said while

October 1, 2024

News Desk

Sindh CM urges Chinese businessmen to invest in e-vehicles, waste to energy

Sindh Chief Minister Syed Murad Ali Shah in a meeting with a delegation of Chinese investors, led by Belt and Road Initiative Chairman Wan Xiaowu, held at the CM House in Karachi on October 1, 2024. PPI KARACHI: Sindh Chief Minister Murad Ali Shah said on Tuesday that his government will welcome Chinese public and private companies to invest directly in projects of their choice or enter into a public-private partnership with the provincial government. The premier made the remarks during a meeting with a delegation of Chinese investors led by Belt & Road (B&R) Group Chairman Wan Xiaowu. He

September 1, 2024

News Desk

Japan’s military will invest in artificial intelligence to tackle recruitment crisis

TOKYO: Japan’s defense ministry said on Friday it would invest in artificial intelligence, automation and improving troop conditions to tackle a worsening recruitment shortfall that has left its forces understaffed amid a build-up aimed at countering China’s growing military power. . The measures, revealed in his latest defense budget request on Friday, come after the Self-Defense Forces’ (SDF) worst annual recruitment effort. In the year to March 31 it signed up just under 10,000 sailors, soldiers and airmen, half its target. Fearing that China could use military force to bring neighboring Taiwan under its control and drag Japan into war,

August 17, 2024

News Desk

Shipping minister says shipping giant to invest $2 billion in Pakistan

A general view of the seaport in Karachi, Pakistan on January 11, 2023. — AFP Maritime Affairs Minister Qaiser Ahmed Sheikh said on Saturday that Danish shipping company Maersk will invest $2 billion in Pakistan’s port and transport infrastructure over the next two years. “This significant investment will contribute to the development of infrastructure,” the minister told state television. PTV Newsadding that it will play a vital role in boosting Pakistan’s economy. The minister is scheduled to visit Denmark this month to sign a memorandum of understanding (MoU) between Maersk and the Karachi Port Trust, formalizing the investment plans. He

June 27, 2024

News Desk

Swedish companies are encouraged to invest in IT and telecommunications

Islamabad: Minister of State for Information Technology and Telecommunications Shaza Fatima Khawaja on Thursday urged Swedish companies to invest in Pakistan’s information technology and telecommunications sector. “The government is taking measures to promote information and communication technology (ICT), as ICT development is vital for progress,” he said while addressing the IT and Digitization Roundtable with Swedish technology companies at the Ministry of IT and Telecommunications. Swedish Ambassador Henrik Persson and representatives of Swedish companies including Ericsson, Need Insights, LCC/Talkpool, Quixel, Saab and Mahaana Wealth were present on the occasion. “The Ministry of Information and Telecommunications is working towards fulfilling the

June 26, 2024

News Desk

Pakistani envoy calls on US to invest

WASHINGTON: Pakistan’s ambassador to the United States, Masood Khan, invited American entrepreneurs and business leaders to invest in Pakistan’s IT, energy, agriculture and minerals sectors during a meeting in Washington on Monday, according to a press release from the embassy of Pakistan. The ambassador highlighted the advantages identified by the US International Trade Administration for American investors, such as no shareholding restrictions, simple work permit regulations, no technology transfer requirements and a large business community in Pakistan. “A new body, the Special Investment Facilitation Council (SIFC), has been created to facilitate foreign inflows into these regions,” Khan said. He pointed

June 12, 2024

News Desk

The government plans to invest “heavily” in primary education

Students attend class at a private school in Islamabad, Pakistan in this undated picture. — Reuters/File ISLAMABAD: The current government has planned to invest a huge amount in the education sector in order to provide a suitable environment for the education of children. In his budget speech on Wednesday, Finance Minister Muhammad Aurangzeb said the government has taken several steps – including improving infrastructure and educational facilities in 167 schools in the federal capital – to ensure quality education is provided to the youth. Similarly, the government has planned to launch a ‘School Meal Programme’ under which healthy food will

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