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Quetta’s National Incubation Centre: a ray of hope for young Pakistanis

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The National Incubation Centre in Quetta is a shining example of an interactive partnership between the Ministry of Information Technology and Telecommunication and the Specialised Investment Facilitation Council (SIFC), offering a bright future for the country’s young.

Founded with the Ministry of Information Technology and Telecommunication’s support, this institute trains bright young minds in certain fields and fosters the development of novel ideas.

After completing their training, these people become competent IT workers who use their abilities to contribute significantly in a variety of industries.

The National Incubation Centre in Quetta is a conduit for contemporary developments in the vast field of information technology, especially in relation to Balochistan’s expanding young population.

Notably, 207 startups have completed the revolutionary voyage via the National Incubation Center’s confines; 108 of them have graduated and are now offering their services throughout the diverse terrain of the country.

After receiving an investment of around Rs 225 million, the facility has generated a noteworthy income of almost Rs 370 million while also providing gainful employment to a noteworthy group of 1060 people.

The Specialised Investment Facilitation Council (SIFC), which recognises the vast potential of Pakistan’s young and creates job opportunities, plays a critical role in guiding the nation’s development and prosperity.

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The Indian team must have the “Pakistan” logo on their uniforms, the ICC warns the BCCI.

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The Board of Control for Cricket in India (BCCI) has received a warning from the International Cricket Council about its unwillingness to include the logo of Pakistan on the trophy kits of its winning team.

The International Cricket Council has given a strong message to the Indian board on this, according to Indian NDTV.

As part of its host nation policy, the Indian board claimed that it was not interested in having Pakistan’s name appear on their team uniform. However, the ICC rejected this claim.

In reality, the ICC has urged the Indian board to clarify that, since the country was the tournament’s original host, the Indian squad must have “Pakistan” printed on their uniform.

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In the majority of the country, PMD forecasts cold, dry weather.

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The majority of the country is anticipated to have cold, dry weather during the next 24 hours, according to the Pakistan Meteorological Department (PMD). However, hilly regions of Kashmir, Gilgit-Baltistan, upper Khyber Pakhtunkhwa, and northwest Balochistan are forecast to see rain and snowfall.

During the morning and evening hours, fog is expected to affect several regions in Punjab and upper Sindh, which could impair vision and make commuting challenging.

The synoptic situation indicates that a westerly wave is presently affecting the country’s upper and western regions, bringing precipitation to these regions.

While Upper Khyber Pakhtunkhwa, Gilgit-Baltistan, and Kashmir saw sporadic rain and snowfall, most regions experienced cold and partly overcast weather over the past 24 hours.

On Tuesday, the temperature in Leh dropped to -9 degrees Celsius, making it the coldest place in the nation.

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Barrick CEO: Reko Diq mine will provide $74 billion in free cash flow over 37 years.

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Based on consensus long-term prices, the Reko Diq copper and gold project in Pakistan is anticipated to produce almost $74 billion in free cash flow over the next 37 years, according to the CEO of joint owner Barrick Gold, who made this statement in a media interview.

Half of the Reko Diq mine is owned by Barrick Gold, with the remaining 50% being owned by the province of Balochistan and the Pakistani government.

The development of the mine is anticipated to have a major impact on Pakistan’s faltering economy, and Barrick views it as one of the greatest untapped copper-gold zones in the world.

A protracted conflict that ended in 2022 caused the project to be delayed, although it is anticipated that production will begin by the end of 2028. In its initial phase, it will cost an estimated $5.5 billion and generate 200,000 tons of copper annually.

In an interview with the media, Barrick CEO Mark Bristow stated that the first phase should be finished by 2029.

He said that production will increase in a second phase, which is expected to cost $3.5 billion.

Although the mine’s reserves are estimated to last 37 years, Bristow stated that with improvements and additions, the mine’s useful life may be significantly extended.

Pakistan, which now has just about $11 billion in foreign reserves, could receive substantial dividends, royalties, and taxes from a free cash flow of $74 billion.

Additionally, Barrick is negotiating with infrastructure providers and railway authorities to renovate the coal terminal in Port Qasim, which is located outside of Karachi, Pakistan, in order to provide infrastructure for the domestic and international transportation of copper.

The project is on schedule, according to Bristow, with surveys, fencing, and lodging already finished.

In the next two quarters, the Saudi mining corporation Manara Minerals may make an investment in Pakistan’s Reko Diq mine, Pakistani Petroleum Minister Musadik Malik stated last week.

Manara executives traveled to Pakistan in May of last year to discuss purchasing a share in the project. Additionally, Pakistan is discussing mining prospects with other Gulf nations, according to Malik.

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