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Four dead as fire erupts in Shangla

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SHANGLA: Four people, including a woman, died on Saturday due to a wildfire that broke out in Khyber Pakhtunkhwa’s Shangla district, according to officials.

The fire had occurred in the houses located on the hills of Shangla and is spreading rapidly due to the dry weather. 

The rescue teams are also trying to douse out the fire which had occurred in Kabal, Barikot Tehsil, Charbagh and the areas of Swat.

Meanwhile, Pakistan Army, locals and the administration are trying to put out the fire in the forests of Lower Dir. 

Last month, a fire also erupted in the pine forests of Balochistan which claimed several lives and injured a few people. In this regard, Prime Minister Shehbaz Sharif had convened a meeting and said that the country does not have the resources and expertise to deal with this kind of situation.

During the meeting, the prime minister had also directed the relevant authorities to take precautionary steps to protect the forests in Gilgit Baltistan. 

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Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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Business

SIFC Increases Direct Foreign Investment: Investment in the Energy Sector Rises by 120%

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The Special Investment Facilitation Council is intended to help Pakistan’s energy sector attract $585.6 million in direct foreign investment in 2024–2025. The amount invested at the same time previous year was $266.3 million.

This is a notable 120% rise, mostly due to investments in gas exploration, oil, and power. Such expansion indicates heightened investor confidence and emphasizes the development potential in important areas.

The State Bank reports that foreign investment in other vital industries has increased by 48% to $771 million.

This advancement is a blatant testament to SIFC’s efficient investment procedure and quick project execution.

The purpose of the Special Investment Facilitation Council is to establish Pakistan as an investment hub by aggressively promoting regional trade and investment in the energy sector and other critical industries.

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Speaking to a press conference, Marriyum Aurangzeb says the PML-N government has restored the trust of investors.

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According to Marriyum Aurangzeb, senior Punjab minister, the PML-N government has won back the trust of investors by making strides in a number of areas, including agriculture.

Marriyum Aurangzeb, speaking at a press conference in Lahore, emphasized the Punjab government’s initiatives to bring about major changes in the province, particularly in Lahore.

Marriyum Aurangzeb stated that in order to guarantee sustainable growth, the master plan for Lahore has been completed, and plans of a similar nature are being worked on for other districts.

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