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Sapphire-Bay: Project to generate Rs25b revenue, PM told


National
May 21, 2021
ISLAMABAD: Prime Minister Imran Khan was briefed on progress on the Sapphire-Bay project under the Ravi City on Thursday.
He was informed that the revenue, to be received from the 2,000-acre project, had been estimated at Rs25 billion. Besides, the project would generate a total of Rs150 billion in economic activities.
Two more Ravi City sub-projects including Zones 4, 5, 7 and the island would soon be available for investment. The revenue received by the government from these was estimated to be Rs130 billion in total and together it will lead to economic activities of Rs750-900 billion.
Thus, the PM was informed that the work started on 15,000 acres of Ravi City project would result in a total economic activity of Rs1,000 billion by December this year, which would provide ample employment opportunities in the country. ....

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Rs25b money laundering probe: Non-bailable warrants for Suleman Shahbaz


Top Story
January 16, 2021
LAHORE: A magisterial court on Friday issued non-bailable arrest warrants of PML-N President Shahbaz Sharif’s son Suleman Shahbaz in Rs 25 billion money laundering investigations against the Shahbaz family. The FIA informed the court that an investigation team had summoned Suleman many times to join the investigation but he didn’t appear. The FIA requested the court to issue non-bailabale arrest warrants of Suleman. The magisterial court of Zulfiqar Bari while accepting the FIA plea issued non-bailable arrest warrants of Suleman Shahbaz, directing the FIA to arrest the accused and produce him before the court by January 19. ....

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