ABU DHABI: Former chairman and present consultant of Bahria Town, Malik Riaz Hussain has signed an agreement with His Highness Sheikh Nahyan bin Mubarak Al Nahyan; Chairman Abu-Dhabi group, Union National Bank & United Bank Limited.
Under the agreement 45 billion dollars will be invested in Pakistan for various construction projects, which is the biggest and historical investment in Pakistan. Abu-Dhabi group has previously made huge and successful investments in Pakistan by the establishment of Bank Alfalah, Warid Telecom and Wateen Telecom.
Out of the total investment value 10 billion dollars will be invested in Federal Capital- Islamabad and Lahore (Punjab) whereas 35 Billion dollars will be invested in Sindh. These projects also include the construction of tallest building of the world (taller than Burj Khalifa, Dubai) in Karachi. Moreover, the project encompasses Sports city, Educational & Medical city, International city & Media city. The project also includes the construction of miniatures of Seven Wonders of the World.
These projects will employee more than 2.5 million people and will boost more than 55 industries like cement, bricks, iron, steel and glass. Moreover these projects are expected to represent all the social classes of the society and middle-class and lower-middle class will have equal representation.
The agreement will have a revolutionary impact on not only Pakistan’s economy but also tourism of the country and will be a milestone in reviving the lights of Karachi.
Speaking on the occasion, His Highness Sheikh Nahyan bin Mubarak Al Nahyan expressed that Bahria Town not only represents modern Pakistan but is also a credible, respected and authentic name in the real estate sector world-over. “I am genuinely happy that in this historic project of Pakistan we are working with the visionary Malik Riaz Hussain, this guarantees that not only the project will be delivered beyond our expectations but also before time. We will Inshallah be welcoming first residents in next 3-4 years.”
Malik Riaz Hussain, former chairman and existing consultant Bahria Town, expressed his pleasure and said that it is a matter of great pride for me that His Highness Sheikh Nahyan bin Mubarak Al Nahyan has selected us for making the dream come true for a modern and developed nation with this historical project. This is also a proud moment for Pakistan as such a huge foreign investment has never been made before.
A distinguished feature of this project is the utilization of seawater to produce electricity. The projects will have their own grid station.
Moreover, a separate modern water treatment plant will be established to convert seawater into drinking water. These features make this a landmark project in Pakistan, which addressing the current water & electricity issues of the country. Works on this monumental project will soon be starting.
It's tiny, but it's not a toy.
British troops in Afghanistan have been testing out tiny unmanned aerial vehicles -- a.k.a. drones -- that are small enough to fit in the palm of your hand. At four inches long and 16 grams, the Norweigian-made "Black Hornet Nanos" look just like the tiny play-helicopters you might see at the toy store, but they carry tiny cameras that capture both still images and video.
According to the BBC, about 160 of these little flyers are darting around Afghanistan on surveillance missions for soldiers.
"We used it to look for insurgent firing points and check out exposed areas of the ground before crossing, which is a real asset," Sgt. Christopher Petherbridge said in an announcement Monday. "It is very easy to operate and offers amazing capability to the guys on the ground."
The Hornets travel at a top speed of 22 mph and can remain in the air for about 30 minutes.
"Soldiers are using it to peer around corners or over walls and other obstacles to identify any hidden dangers and the images are displayed on a handheld terminal," the MoD announcement said.
SRINAGAR: An all-girl teenage rock band from Indian-administered Kashmir has decided to split after the region’s top Muslim cleric declared their music to be “un-Islamic”, their manager said Tuesday.
But after initially insisting they would continue making music, they have now called it quits after the Grand Mufti of Jammu and Kashmir, Bashiruddin Ahmad, branded them as “indecent” and issued a fatwa calling for them to disband.
“After the fatwa the girls decided to quit and disband,” Adnan Mattoo, the band’s manager, said in brief comments to AFP.
The mother of one of the girls confirmed that her daughter had decided to leave the band, saying she was staying with relatives outside Kashmir until the fuss died down.
“My daughter had been depressed and irritable so we decided to send her away to another city for some time,” said the mother, who did not want to give her name.
The comments by the grand mufti have been widely criticized with the state’s Chief Minister Omar Abdullah among those calling on the band not to be intimidated into giving up on music.
Kashmir is India’s only Muslim-majority state and hard-line Islamists have a reputation for trying to impose Islamic law, forcing the closure of cinemas and liquor stores with the onset of an anti-India insurgency in 1990.