CPEC 2013-23: Sino-Pak univErSitiES’ link agES booSting EduCation SECtor

in bilateral exchanges and cooperation pre-ordered from Xpark and also comes along with exclusivepre-order gifts The All-Around FastCharge Technology embedded in Infinix NOTE 30Pro series is significantly aimed at changing the way users charge theirsmartphones such as a 68W fast charger of Infinix NOTE 30 Pro is efficientenough to charge a 5000mAh battery PR

S&P Global introduces enhanced benefits with its ‘People First 10.0’ Initiative

K A R A C H I: S&P Global has launched People First 10 0 , the latest iteration of its enhanced global benefits policy across all its markets, including Pakistan The policy commits to leading with care and empathy and enabling the company’s people to thrive at work at home and in life People First prioritized the needs of S&P Global colleagues to cover a variety of their personal professional and social requirements Mujeeb Zahur, Managing Director, S&P Global Pakistan, expressed enthusiasm for the People First 10 0, saying, “We are proud to unveil People First 10 0 which demonstrates our unwavering dedication to our colleagues well-being We listen to our people and the continuous feedback inspires our approach towards people friendly policies with People First We believe that when we lead with care and empathy, we empower our people to thrive PR

Busan Is Good for EXPO and Ever ything Else

Busan Korea‘s second-largest city and main port has gained a reputation as a renowned venue for international events and festivals Beyond its vibrant event scene Busan s picturesque coastline and beaches have made it a captivating maritime tourist haven Haeundae Beach and Gwangalli Beach, in particular, are beloved by both locals and international visitors This combination of leisure and tourism presents a truly delightful experience for all visitors Adding to its allure Busan boasts a rich tapestry of historical sites and temples Landmarks like Beomeosa Temple, Hae Dong Yonggungsa

Temple, and Gamcheon Culture Village showcase the city’s cultural heritage Beomeosa Temple, dating back to the 7th century, stands out as Korea’s finest temple offering exquisite temple scenery and a deep connection to Buddhist traditions Busan has been recognized domestically and internationally as one of National Geographic Traveller s 25 most inspiring travel destinations PR

TikTok introduces text posts; an exciting new way for users to express themselves

TikTok the leading destination for short videos has announced the launch of text posts an innovative new format designed to empower creators and provide exciting opportunities for self-expression

With text posts, TikTok is expanding the boundaries of content creation, offering its vibrant community another innovative way to showcase their stories, poems recipes and other written content TikTok is always looking to empower its creators and community with innovative tools that inspire selfexpression TikTok s commitment to nurturing creativity in all its forms has led to a diverse array of content formats, including videos, photos, Duets, and Stitch The introduction of text posts adds yet another dimension to the content options, enabling creators to effortlessly share their written brilliance and making it even easier to inspire and captivate audiences Seamless publishing experienceCreating and sharing text-based content has never been simpler PR

SECP Publishes D iagnostic S tudy on S tatus of Motor Third-Par ty Insurance

I S L A M A B A D: The SECP has released a Diagnostic Study providing a holistic synopsis of the existing landscape of motor third-party insurance in the country The objective of this study is to present an in-depth overview of the legal framework applicable to motor third-party insurance, current state of motor insurance, impediments in implementation and enforcement recent initiatives taken by SECP way forward containing recommendations This study is intended to serve as a starting point for discussion and collaborative action planning on the implementation of Motor third-party insurance among key stakeholders, including central and provincial authorities SECP and the insurance sector PR

CH I N A Pakistan cooperation in the realm of education be it university-to-university linkages academia-industry collaboration or the number of Pakistani students studying in China, are all reflective of the confidence and stability of the unique ties between Pakistan and China

Ms Afifa Shajia Awais Education

Attaché of Pakistani Embassy in China told audience at the 2023 Shared Aspirations, Beyond Khunjerab PASS Pakistan Theme Day China-Pakistan Education Cooperation Promotion Conference held by Pakistan China Center at SCO Demonstration Area (SCODA) in Qingdao said that the growing economic ties between the two countries have laid the groundwork for partnerships in the education sector

The number of Pakistani students studying in China stands at a good 26 000 and 25 percent of them are recipients of different types of scholarships offered by the Chinese government These students are enrolled in a wide range of disciplines such as medicine, engineering, and information technology, and pursue sub-specializations and hyperspecializations in specific domains Expressing her gratitude to the Chinese government for offering scholarships and facilitation to Pakistani students on a preferential basis, Ms Afifa stated that “the educational institutions are not only providing high-quality edu- cation imparting useful skill-set but also providing a unique cultural experience to our youth who will act as ambassadors of goodwill between the two countries in the future ”

The Ministry of Education of both countries is actively engaged with each other and bringing educational institutions into a network of collaborative paradigms Ms Afifa Shajia Awais stated that the recent establishment of the CPEC University Consortium Exchange Mechanism was tantamount to the opening of a new chapter

Sri Lank a Consulate General K arachi facilitates Pakistan business delegation to Sri Lank a

The Pakistan Sri Lanka Business Forum (PSLBF) in collaboration with the Sri Lanka Consulate General Karachi organized a Pakistan Business Delegation to Sri Lanka from 18-22 July 2023 to enhance businerelationshipship between the private sector companies

This delegation is in reciprocation of the recent visit of the trade delegation arranged by the Sri Lanka Pakistan Business Council (SLPBC) of the Ceylon Chamber of Commerce in March 2023 to Karachi, Pakistan The Programme for the visiting delegation in Colombo was arranged by the SLPBC

The programme included a Pakistan Business Forum hosted by the SLPBC on 19 July, at the Cinnamon Grand Colombo Leveraging Free Trade Agreements and streamlining trade processes to facilitate trade promotion were among key strategies suggested to enhance bilateral trade and investment at the Pakistan Business Forum

The Forum was attended by Sri Lanka Consul General in Karachi Jagath Abeywarna SLPBC President S Deivanayagam & Council members PSLBF President Aslam Pakhali & Forum members Trade and Investment Attaché of the High Commission of Pakistan in Colombo Asmma Kamal and Head of Market Development of Sri Lanka Export Development Board Anoma Premathilaka along with other private sector representatives The Forum was followed by a B2B Session among the private sector companies

During the visit, the Delegation had a fruitful discussion with Hon Tharaka Balasuriya State Minister of Foreign Affairs Discussions were held on enhancing trade between Sri Lanka and Pakistan from exporting products to manufacturing processes The State Minister was hopeful that the session would prompt positive and mutually beneficial collaborations

The program also included meetings with h High Commissioner of Pakistan to Sri Lanka

H E Shahzad Chaudhry Director General of Agriculture (Agri Technology) P C Peiris and d visit to the Port City which included briefings on the y Head of Branding and Communication of Colombo Port City Economic Commission Dhanya Gunawardana & Head of Investment Promotion at the BOI Sri Lanka Prasanjith Wijayatilake

FM Shazia Marri visits Benazir Nashonuma Center in Rural Health Center Jam Nawaz Ali, Sindh

Nashonuma Programme for the next fiscal year is more than 32 billion which will benefit 1 5 million people, she added

On this occasion, the Federal Minister further stated that the current government has timely distributed 70 billion rupees to the flood victims and now we are working day and night for the rehabilitation of the flood victims and no negligence will be tolerated in this work

She said that whole country specially the provinces of Sindh and Baluchistan were worst affected by floods last year and we are aware of miseries of the flood affected families I am also working with the Government of Sindh to rehabilitate these affected familes

ISLAMABAD/SANGHAR

Federal Minister for Poverty Alleviation and Social Safety & Chairperson Benazir Income Support Programme Ms Shazia Marri today visited the Benazir Nashonuma Center established at Rural Health Center Jam Nawaz Ali, Sindh province along with representative of World Bank & World Food Programme

Federal Minister while talking to the media said that Pakistan People s Party has always started initiatives and programmes for the welfare of the poor people With the technical support of the World Bank and World Food Program, the Benazir Income Support Programme is providing Special Nutritious Food (SNF) to 770 000 pregnant lactating women and infants registered in the Benazir Nashonuma Programme to address malnutrition

This food is provided to women and children up to two years of age For this, the initiative of Benazir Nahsonuma Centers has been increased from 15 districts to the entire countrs and now 488 centers are operational in all 157 districts all over the country The budget of Benazir

The 130th birth anniversary of Mader-eMillat Mohtarma Fatima Jinnah, the sister of Quaid-e-Azam Muhammad Ali Jinnah, was celebrated Monday Madr-e-Millat Mohtarma Fatima Jinnah sister of the founder of Pakistan Quaid-e-Azam Muhammad Ali Jinnah was remembered for the selfless courageous and vital role she had played in the creation of

Ms Shazia Marri said that a Dynamic Survey has been started for the registration of women living below the poverty line and currently 617 Dynamic Registry Centers are functioning in the country She said that the present government has expanded Benazir Kafaalat Programme and through it now Rs 8750 are being given to 9 million families on quarterly basis

District Health Officer Dr Faiz Muhammad Marri, Regional Director PPHI Fida Hussain Lashari and other officers were also present on this occasion r b r o t h e r and gathered the women of sub-contin e n t o n o n e p l a t f o r m w h i c h m a d e t h e struggle for achieving a separate state for Muslims easier In 1947, Fatima Jinnah formed the Women’s Relief Committee which later formed the nucleus for the All Pakistan Women s Association (APWA) She also played a significant role in the settlement of Muhajirs in the new state of Pakistan Fatima Jinnah is referred to as the Madr-e-Millat (Mother of

It has provided an organizational platform for positive and progressive cohesion of the education institutions Under its umbrella, the last 5 years have seen surprising registration of more than 100 universities from both Pakistan and China ” China’s economic prominence has grown globally making it an important player in world politics She underlined that Pakistan looks towards China to learn from its miraculous growth and development story as there are great lessons to be learned Zheng Shi, president of the SCO Economy and Trade Research Institute noted that since the inauguration of the China-SCO Institute of Economy and Trade 11 800 people from 43 SCO countries including Pakistan, and countries along the Belt and Road, have attended the training He hopes that “through the ChinaPakistan Education Cooperation Promotion Conference we can further deepen understanding build consensus and create a practical version and realistic model for international educational cooperation

ogdCl records significant boost in oil and gas production in July 2023

ISLAMABAD

S TA F F R E P O R T

While successfully implementing cutting-edge technologies and industry s best practices the Oil and Gas Development Company Limited (OGDCL) has recorded a substantial production increase during the month of July 2023 The company has achieved remarkable enhancements in oil and gas production across various exploration and development wells These significant milestones mark the company's commitment to delivering excellence and strengthening Pakistan s energy landscape Notable accomplishments include the successful performance of the Nim East-1 exploratory well Nim East-1, an exploratory well located in the Tando Allah Yar district of Sindh province, operated jointly by OGDCL (95%) and Government Holdings (Private) Limited (GHPL) (5%) has proven to be a significant success Following the installation of a 6 -12 5 Km pipeline the well has contributed an additional production of 585 barrels per day (BPD) of oil 7 4 million standard cubic feet per day (MMSCFD) of gas, and 32 metric tons per day (MTD) of Liquefied Petroleum Gas (LPG) The injected gas is seamlessly integrated into the Sui Southern Gas Company Limited (SSGCL) network starting from July 20 2023 and has been continuously monitored until July 28 2023

Similarly OGDCL installed an Electrical Submersible Pump (ESP) in its 100% owned Pasakhi Oil Field, Well -11, situated in the Hyderabad district of Sindh This strategic intervention resulted in a remarkable incremental impact, enhancing oil production by 1010 BPD Presently the well is producing 1810 BPD of oil and is under observation to ascertain optimum flow rates The enhanced production from Pasakhi-11 commenced on July 28 2023

Meanwhile, the Chak 2-1 exploratory well, operated jointly by OGDCL (62 5%), GHPL (22 5%), and Orient Petroleum Inc (OPI) (15%), located in district Sanghar Sindh province and demonstrated exceptional potential with a rigless intervention Through additional perforations the well s production was boosted by 140 BPD of oil 4 7 MMSCFD of gas and 11 MTD of LPG As with Chak 2-1, the injected gas is integrated into the SSGCL network from July 20, 2023, and monitored until July 28, 2023

The Chak-V Dim South-3 well, situated in Chak-5 Dim South Block district Sanghar Sindh Province has shown impressive results as an on-production development cum exploratory well Under OGDCL s 100% working interest a rigless intervention with new perforations contributed to an incremental production of 130 BPD of oil, 3 8 MMSCFD of gas, and 8 MTD of LPG The injected gas integration with the SSGCL network commenced on July 24 2023 and observations were made until July 28 2023

The noteworthy incremental production will lead to Import substitution resulting in a substantial annual reduction of the country s import bill by approximately USD 96 million