KARACHI: Some 300 personnel will manage traffic flow around the Expo Centre, the venue for the country’s prestigious defense exhibition (IDEAS 2018) in the metropolis from Tuesday to Friday.
According to a press release issued by the office of DIG -Traffic Karachi, an elaborate traffic management scheme has been chalked out to facilitate commuters during the four-day programme. It was announced that traffic flow from Sir Shah Sulaiman Road to National Stadium, including Hasan Square fly-over, will remain closed from 7 am on Tuesday.
However, traffic will be allowed on University Road throughout the four-day exhibition whereas thoroughfares from Dalmia to Karsaz and New Town will also remain open. Parking around the Expo Centre would not be allowed while residents of the area may enter the residential localities around the Expo Centre after showing their national identity cards (NICs).
It was particularly announced that no heavy vehicles would be allowed to use the University Road to New Town and Karsaz to Hassan Square in the given days. Traffic coming from Liaquatabad via Sir Shah Sulaiman Road was said to be diverted towards University Road and can reach Shahrah-e-Faisal or Dalmia Road towards Stadium Road or Karsaz via Rashid Minhas Road.
A relevant piece published earlier:
Asian markets mixed as investors eye trade talks
HONG KONG: Asian markets were mixed Tuesday with investors cautiously optimistic that China and the US can reach a deal ending their trade war as the two sides prepare to resume talks this week.
With New York closed for a public holiday there were few catalysts to drive buying, though the release of Federal Reserve minutes on Wednesday will be pored over for an idea of the bank’s interest rate plans.
Top-level officials from the world’s two biggest economies will reconvene in Washington after a series of talks in Beijing last week, with the US side telling President Donald Trump they had been “very productive”.
The positive tone from the diplomats, and the president’s indication he could extend a deadline for agreement, boosted regional markets Monday, extending a 2019 rally fuelled by optimism about an end to the nearly year-long tariffs spat.
Tokyo finished 0.1 percent higher, Hong Kong dipped 0.3 percent in the afternoon and Shanghai closed fractionally up.
Sydney gained 0.3 percent, Singapore put on 0.2 percent and Taipei 0.2 percent, with Seoul and Wellington each off 0.2 percent. Manila fell while Mumbai and Jakarta were up.
S. Korea resumes Iranian oil imports after five months
SEJONG: South Korean companies imported US$101.2 million worth of Iranian crude last month, the first such move in five months, data showed Tuesday.
The January figure represents less than one-fifth of $539 million, the average monthly Iranian crude oil imports for the first seven months of 2018, according to the data from the Korea Customs Service.
South Korean companies stopped importing Iranian crude oil in September last year, two months before the United States reinstated all sanctions against Tehran after lifting restrictions following the 2015 landmark nuclear deal.
Still, the U.S. has allowed South Korea and seven other countries to continue to buy Iranian oil over the next six months. South Korea is the third-largest buyer of Iranian oil.
South Korean refiners and chemical firms had relied heavily on Iranian condensate for production of various petrochemical products thanks to a stable supply and price competitiveness.
Naphtha, a key raw material for petrochemicals, is derived from condensate.
Saudi Arabia keen to strengthen trade relations with Pakistan: Fahad Al Bash
ISLAMABAD: Head of Saudi Business Delegation Eng. Fahad Al Bash here on Monday said that his country was keen to further strengthen trade relations with Pakistan as both states have huge potential to promote bilateral trade in many sectors.
He said a number of Pakistani products including value-added textile, surgical instruments, sports goods, food, Insurance & IT services and entertainment products could find good market in Saudi Arabia and it should focus on importing these products from Pakistan.
In an interview, he said “I want to express my heartfelt thanks to Prime Minister Imran Khan for his warm hospitality and want to thank the business community for welcoming us in the spirit of friendship. This trip will strengthen ties between our two countries as Saudi Arabia playing vital role for the growth of oil industry in Pakistan.”
He said both countries were enjoying unique and special relationship, expressing the hope that this trip to this brotherly country would further strengthen these ties.
“We’re proud of our deep-rooted ties with Pakistan”, he added.
“The Crown Prince Muhammad Bin Salman’s visit in Pakistan will help materialize numerous investment projects in Pakistan,” he said.
The delegate further highlighted, Saudi Arabia’s investment in Pakistan would reinforce investment from all over the world and with Saudi investment Pakistan will resume the trust of business communities in the world.
“We believed Pakistan is going to be a very important country in coming future and we want to be sure we are a part of it,” he added.
He said Saudis are keen to invest in Pakistan’s energy sector, particularly in renewable energy as there is huge investment opportunity for production of cheap energy to fulfill the growing local demand.