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Discounts for students on Orange Train will reduce pollution, propose officials

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3 years ago

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Punjab government officials have suggested reducing metro train fares for students in Lahore to reduce the carbon footprint in the city.

For this, the Punjab Mass Transit Authority (PMA) has prepared a summary that will be presented to the new cabinet of the Punjab government, when it is appointed.

As per the summary, seen by Geo.tv, students, of both private and public educational institutes, will be allowed to get special passes made to travel on the Orange Line Metro Train. The passes will ensure that the students get a discounted fare.

Students in Lahore already get a 50% discount on their bus fares. Officials hope to extend the same facility to those travelling on the metro train.

“If the summary is approved then it would reduce the use of cars and motorbikes by students on the roads of Lahore,” Uzair Shah, the general manager (operations) for PMA, told Geo.tv, “This will prove to be very environmentally friendly for the city.”

His department estimates that if students begin using the metro train more often then it could reduce annual fuel emissions in Lahore by 30,000 tonnes.

In the winters, Lahore chokes on a thick blanket of smog due to emissions from vehicles. Last year, it was ranked as one of the most polluted cities in the world. 

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Pakistan Desires a Sturdy, Long-Term Alliance With Huawei: PM

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According to Prime Minister Muhammad Shehbaz Sharif, the government’s primary objective is to give Pakistani youth technical training in the field of information technology.

The prime minister expressed his desire for a strong and long-term collaboration with Huawei in an interview with a five-member delegation that visited him in Islamabad and was led by Huawei CEO Ethan Sun.

He said the Huawei’s ICT training program will not only increase it exports but will also help youth in getting job opportunities.

The meeting was briefed on the progress made in providing training in the it sector to 300,000 pakistani youth organized by Huawei.

Out of 300,000 youth, 240,000 youth will be provided basic training while 60,000 youth will be provided high-tech training.

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The IMF allows Pakistan to lower electricity tariffs.\

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6 hours ago

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The International Monetary Fund (IMF) has permitted the Pakistani government to decrease the energy cost by one rupee.

The alleviation will be incorporated into the base tariff for electrical units, with funding sourced from revenue collected by the levy on captive power plants. A tax has been enacted on the utilization of gas by captive power plants.

The government is developing a relief plan for electricity consumers, which will be announced upon clearance from the international lender.

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Robust purchasing sustains PSX’s positive trend

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7 hours ago

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On Thursday, bullish momentum continued in the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 index reaching 118,806 after an increase of over 300 points.

Across the board buying was observed in key sectors, including commercial banks, fertiliser, power generation, and oil and gas exploration companies.

Aside from that, index-heavy equities such as MARI, POL, HBL, MCB, UBL, KOHC, and LUCK experienced gains, capitalizing on the prevailing bullish atmosphere in the market.

Market analysts attribute the recent bullish trend in the PSX to a staff-level agreement between the International Monetary Fund (IMF) and Pakistani authorities following the initial review under Pakistan’s Extended Fund Facility (EFF) and a new arrangement under the Resilience and Sustainability Facility (RSF).

Furthermore, a recent study done by the Oil and Gas Development Company (OGDC) and Pakistan Petroleum Limited (PPL) regarding the feasibility of the Reko Diq project in Balochistan has also conveyed favorable indications to investors.

The bulls surged rapidly after the staff-level deal with the global lender, with the KSE-100 Index reaching a peak of 118,220 before closing at 117,178 points, reflecting an advance of 1,139 points on Wednesday.

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