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Articles for tag: drainage, EIB, Karachi, million, Pakistan, project, sign, statement

December 18, 2025

News Desk

Pakistan and EIB sign €60 million statement for Karachi drainage project

Finance Secretary Muhammad Humair Karim (left) and European Investment Bank (EIB) Asia Pacific Head Edvardas Bumsteinas sign a declaration on the water infrastructure framework project in Karachi. — Facebook/@EUinPakistan The agreement formalizes the financing of the water infrastructure framework. As part of the project, basic sewage treatment facilities will be built. The signing of the declaration underlines the momentum of Pakistan-EU cooperation. Pakistan and the European Investment Bank (EIB) on Wednesday signed a €60 million statement to promote a major project aimed at improving sewage and sewage management in Karachi. The statement was signed on the sidelines of the 15th

November 30, 2025

News Desk

The K-IV water project will be completed in 2026

KARACHI: Water and Power Development Authority (Wapda) Chairman Lt. Gen. (Retd) Muhammad Saeed, during a two-day visit, reviewed construction progress at key locations of the Greater Karachi Bulk Water Supply Scheme (K-IV project) being constructed by Wapda on behalf of the federal government to meet the water needs of Pakistan’s largest city. Key work sites visited by the president included the intake structure and pumping stations at Keenjhar Lake in Thatta district, the water transfer system including high pressure pipelines from Keenjhar Lake in Karachi and one of the filtration plants in Karachi. The general manager and project manager along

November 28, 2025

News Desk

The Reko Diq project is set to receive a $3.5 billion loan

Pakistan has already put forward a $1.9 billion financing plan to execute the Reko Diq copper and gold mining project. The total funding of the project has been estimated at 4.297 billion dollars. Photo: Archive Islamabad: Oil Minister Ali Pervaiz Malik said on Thursday that Reko Diq Mining Company was very close to financial closure with $3.5 billion in loans, as the company’s local arm promised to complete the $7 billion first phase of the project in the next three years. Reko Diq Mining Company is very close to achieving financial closure and raising $3.5 billion in debt, Malik said

November 25, 2025

News Desk

Barrick committed to Pakistan’s Reko Diq copper project, says interim CEO

Reko Diq added 13 million ounces to Barrick’s reserves and will produce up to 400,000 tonnes of copper annually Barrick Mining Corp remains committed to its Reko Diq copper mine in Pakistan, one of the world’s largest undeveloped deposits of the metal, its interim chief executive said on Tuesday after reports of a possible exit. The $7 billion project in Balochistan is being carried out in equal partnership between the company and the Pakistani authorities and is expected to start production by the end of 2028. Barrick’s board had raised the possibility of a break-up of the company’s assets, which

November 18, 2025

News Desk

‘The Dead River’ project at Arts Council Pakistan Karachi garners praise

Day 18 of the World Culture Festival 2025 brought a mix of theatre, film, music and fine arts to the Pakistan Arts Council Karachi, with the Urdu tragedy play The Dead River emerges as the highlight of the day. The play, directed by Shahnawaz Bhatti Theatre, attracted a strong audience and was attended by former Sindh Education Minister Syed Sardar Ali Shah, who praised the Arts Council for organizing an international cultural festival which he said “acts as a powerful response to growing extremism”. Former Sindh Provincial Minister for Education, Culture, Tourism and Antiquities, Sardar Ali Shah and Shahnawaz Bhati

October 30, 2025

News Desk

$250 million in funding to strengthen Pakistan’s agriculture and regional glacier-fed agriculture under ADB project

A yak grazes in front of snow-capped mountains in an area hit hard by flood-related incidents near Gamoo Bhr Glacier and Darkut Glacier in Darkut village near Gilgit-Baltistan on October 11, 2023. — Reuters The project covers Pakistan, Central Asia and South Caucasus. Funding to top up $3.25 billion from ADB over the next decade. The project focuses on the Swat River Basin, covering approximately 27 hectares. The Green Climate Fund (GCF) has approved $250 million for Glaciers to Farms, a major adaptation project led by the Asian Development Bank (ADB). A statement issued by the ADB said the project

October 29, 2025

News Desk

NAPA revives radio drama with Aawaaz Audio Theater Project

The project celebrates the release of three audio plays that retell storytelling through sound KARACHI: The National Academy of Performing Arts (NAPA) on Tuesday celebrated the completion of the Aawaaz Audio Theater Project, held in collaboration with the British Council, the Anglophone Association of Pakistan and the Peoples Palace Project (via Queen Mary University of London) at NAPA’s Zia Mohyeddin Theatre. The project produced two versions of three audio games — Baldia, Sammul, and Mentally controlled — one in Urdu and English. The works were launched during a packed ceremony where the audience heard the Urdu versions. The initiative aimed

September 24, 2025

News Desk

SIFC intervention is pursued as Carec project benches

Islamabad: A Chinese company has reached the SIFC Special Council (SIFC), as delays have given a shadow over the RS146 billion Carec Tranche-3 project, raising concerns about Pakistan’s ability to fulfill international commitments. The project, part of the Central Asian Regional Economic Cooperation program (CAREC), is co -funded by the Asian Development Bank (ADB) and the Pakistani government. Despite his inauguration by the Prime Minister in February 2025, work has not yet begun, creating frustration between stakeholders and international financiers. In a discussion with reporters, Imdad Ullah, a spokesman for the Chinese consortium leading the project, warned that unnecessary obstacles

August 2, 2025

News Desk

Senate Committee gives NHA deadline to N-55 Project

Listen to the article Islamabad: The Senate Economic Affairs Directorate met in Parliament’s parliament on Friday under the chair of Senator Saifullah Abro to address critical concerns about the double N-55 project. It has given the National Motorway Authority (NHA) a two -week strict deadline to provide additional information critical to finalizing the procedures related to the work of many billions. Senator Abro has expressed serious reservations about the possibility of assigning the Rajanpur-Dera Ismail Khan Road dual road in the framework of Central Asia’s Regional Economic Cooperation program (Carec) in a company that had previously addressed issues related to

July 22, 2025

News Desk

Why India, Bangladesh was worried about China’s Mega-Dam project

The BaiHetan Hydroelectric power plant appears in operation on the border between Qiaojia province of Yunnan province and Ningnan County of Sichuan, China June 28 2021 – Reuters China has broken the ground in what it says will be the largest hydroelectric project in the world, a $ 170 billion capacity capable of producing enough electricity each year to supply Britain. The DWARFS plan The powerful three canyon barrier, today the largest, and Chinese reserves of construction and engineers increased after Prime Minister Li Qiang presented the weekend. For Beijing, the project promises clear strength, jobs and a stimulus incentive

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