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

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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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ADB Adjusts Pakistan’s Economic Growth Forecast to 3% for 2024-25, Indicating Positive Economic Trajectory

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Pakistan’s economic growth is projected to be three percent in the fiscal year 2025, according to the Asian Development Bank’s revised prediction, which is an upward revision from the previous forecast.

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The PSX 100 index crosses 113,000 points, marking a historic milestone.

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The historic 113,213-point milestone has been surpassed for the first time by the Pakistan Stock Exchange (PSX), setting a new record.

The stock market experienced a spectacular start to the trading session, rising 1,400 points in just 30 minutes. At an all-time high of 112,277 points, the KSE-100 Index jumped 1,467 points.

With the index rising 1,200 points in just 15 minutes after the market began, the PSX had already reached another milestone. At 112,041 points, the KSE-100 Index had risen 1,231 points.

In another example of record-breaking performance, the PSX saw a 1,000-point spike in just 10 minutes. The KSE-100 Index rose 1,100 points to 111,911 points, regaining the 111,000-point milestone and hitting its highest level ever.

The PSX’s exceptional performance establishes it as a crucial gauge of economic optimism by highlighting robust investor confidence and substantial market momentum.

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ADB authorizes a $200 million loan for Pakistan to upgrade its power distribution system.

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A $200 million loan from the Asian Development Bank (ADB) has been authorized to update Pakistan’s power distribution system.

The project intends to improve data management and communication networks and deploy more than 300,000 smart metering equipment.

The project will involve improvements to voltage levels at SEPCO grid stations and monitoring systems for 15,500 transformers. LESCO plans to build or upgrade 25 grid stations with cutting-edge machinery. The initiative will reinforce income security, enhance demand management, and lower power losses, all of which will help to address

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