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Articles for tag: agreement, Government, PRL, refinery, sign, supplementary

April 4, 2024

News Desk

PRL will sign a supplementary agreement with the government

KARACHI: Pakistan Refinery Limited (PRL) has announced its intention to sign a supplementary agreement with the government to upgrade its refinery, aiming to take advantage of the maximum incentives offered through amendments to the refinery upgrade policy dated February 2024. The amended policy now allows refiners to withdraw a maximum of 27.5% funds from the escrow account for refinery upgrades, compared to 25% offered in the original policy notified in August 2023. In a notification to the Pakistan Stock Exchange (PSX), the state-owned refiner said on Wednesday, “Pakistan Refinery Limited intends to opt for the amended provisions/incentives of the Policy

March 18, 2024

News Desk

SIFC and Saudi company sign agreement to ‘cultivate 5,000 acres of cattle fodder’

Farming fodder in Pakistan in what is still video footage. — SIFC/Radio Pakistan Pakistani soil has great potential for raising high quality livestock. New deal part of Saudi Arabia’s pledged investment in Pakistan. Fodder — high quality stable diet for dairy cattle — for export. Enhancing bilateral cooperation in the livestock sector, the Special Investment Facilitation Council (SIFC) and Saudi Arabia’s Najd Gateway Holding Company signed an agreement to “cultivate 5,000 acres of alfalfa fodder” for export purposes. The new agreement was signed to grow fodder – a major source of protein for livestock, and also a staple diet for

March 18, 2024

News Desk

See what March’s full moon will bring for your sign

This representational image shows an artist’s illustration of a full moon. —Pixabay March’s full moon, nicknamed the Worm moon, will rise this year on March 25, and in addition to its symbolic significance, it also has astronomical meaning in the mundane world. Renowned astrologer Kyle Thomas revealed on People Magazine that full moons “symbolize turning points, climaxes, endings or awakenings,” and their energy can be felt “three days before and after” the full moon. The March full moon also marks the first eclipse of 2024, which Thomas predicts will “certainly be intense and profound.” See what Thomas’ March full moon

January 18, 2024

News Desk

Pakistan, Dubai sign over $3 billion investment pact to develop railways and ports

The collaboration covers the development of dedicated freight corridor, multimodal logistics park, freight terminals Caretaker Prime Minister Anwaar-ul-Haq Kakar witnesses the signing of Inter-Governmental Framework Agreements between the Ministries of Communications, Railways and Maritime Affairs of Pakistan and the Government of Dubai represented by DP World on January 18, 2024. — PID The partnership covers development work at Qasim Int’l Terminal. Rail freight corridor from Karachi Port to Pipri Marshalling Yard. Development of Port Qasim Economic Zone to attract $3 billion FDI. Pakistan and Dubai have signed an investment pact of over $3 billion in various sectors, including cooperation in

January 17, 2024

News Desk

Putin and Iran’s Raishi will soon sign a new interstate treaty

MOSCOW: The Russian Foreign Ministry said on Wednesday that it expects President Vladimir Putin and his Iranian counterpart to soon sign a new interstate treaty between the two countries, which was in the final stages of agreement. Putin held five hours of talks in the Kremlin with Iranian President Ebrahim Raisi last month amid growing political, trade and military ties between Moscow and Tehran that the United States and Israel view with concern. Maria Zakharova, spokeswoman for the Russian Foreign Ministry, told reporters on Wednesday that the new treaty would consolidate the strategic partnership between Moscow and Tehran and cover

December 23, 2023

News Desk

Yamamoto to sign with the Dodgers

LOS ANGELES: Coveted Japanese right-handed pitcher Yoshinobu Yamamoto has agreed to a 12-year, $325 million deal with the Los Angeles Dodgers, the Los Angeles Times and other U.S. media reported Thursday. The Times cited a person with knowledge of the deal but was not authorized to speak publicly, and ESPN also cited unnamed sources as saying the Dodgers had beaten out a bevy of other suitors to land the 25-year-old star. Earlier Thursday, New York Yankees manager Aaron Boone revealed he had gifted Yamamoto a No. 18 Yankees jersey as part of the club’s effort to lure him to the

December 20, 2023

News Desk

ADB and Pakistan sign $1.2 billion loan deal

Asian Development Bank photo. — Reuters Agreement to ensure financing for budget financing in Pakistan. Domestic resource mobilization projects will also receive funds. The World Bank also approves $350 million in financing for Pakistan. The Asian Development Bank has signed a $1.2 billion loan agreement with Pakistan, ADB officials confirmed on Wednesday. The agreement, which was signed last Friday (December 15), includes funding for budget financing and projects focused on domestic resource mobilization, while a total of six projects will work to make women financially independent. At least a third of the funds will be disbursed as budget financing and

November 30, 2023

News Desk

Multan Sultans trade Rilee Rossouw to sign Iftikhar Ahmed from Quetta Gladiators

As part of the trade, Multan Sultans also get the first pick in the Platinum round and the first Silver pick from Quetta Gladiators Quetta Gladiators traded Iftikhar Ahmed in exchange for Rilee Rossouw from Multan Sultans. — PSL In a surprising move, Quetta Gladiators have traded Iftikhar Ahmed to replace Rilee Rossouw from Multan Sultans for the upcoming season 9 of the Pakistan Super League. The Sultans in a statement, while confirming the trade, shared that as part of the deal they also get the first pick in the Platinum round and the first pick in the Silver division.

November 21, 2023

News Desk

Beijing and Riyadh sign currency swap agreement

BEIJING: The People’s Bank of China and Saudi Arabia’s Central Bank recently signed a local currency swap deal worth 50 billion yuan ($6.93 billion), or 26 billion Saudi riyals, both banks said on Monday, as bilateral relations continued to are reinforced. Saudi Arabia, the world’s top oil exporter, and China, the world’s biggest energy consumer, have worked to advance relations beyond hydrocarbon ties in recent years, expanding cooperation in areas such as security and technology. The swap agreement, which will be valid for three years and can be extended by mutual agreement, “will help to strengthen economic cooperation… expand the

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