ISLAMABAD: March 11: A senior career diplomat, Ahsan Wagan, and serving Pakistan ambassador to Turkmenistan is denied entry into USA, at Los Angeles Airport. He had served at Los Angeles Consulate of Pakistan. The authorities at that point prevented his entry to US and asked him to return to his final point of takeoff raising concerns about his travel visa class and the nature of his choice. “Ambassador K K Wagan (Ahsan Wagan) was ousted from the US with an immigration objection which caused this expulsion”, a senior official of the Foreign Service conveyed this information on Monday. Envoy Wagan,…
Author: Ahmad Mukhtar
ISLAMABAD, March 10: Finance Minister Muhammad Aurangzeb has reaffirmed the government’s commitment to supporting the protections division, recognizing its potential for noteworthy private insurance sector of Pakistan. He also said that the government looks for to expand past the keeping banking sector for loaning purposes, encouraging the protections industry to step up and meet the developing request. This incorporates extending the division by centering on advancement, improving efficiency, and driving encourage growth. The Minister met with a gathering of chief executives officers from Pakistan’s driving insurance companies. The talk centered on the development of the protections segment and its commitments to the national economy, with a specific accentuation on its affect on the wellbeing framework, ventures in Pakistan Ventures Bonds (PIBs), capital markets, and long-term speculation opportunities. Close Coordinated Assured to the Insurance Sector The minister guaranteed the appointment that the government would proceed to work closely with industry pioneers and partners to guarantee the…
ISLAMABAD, March 10: Pakistan has contacted to the State Division for clarity after reports of conceivable travel checks being forced on its passage while travelling to the US. Last week, a media report suggest that Pakistan may too be included on a list of nations whose citizens would be banned from entering the US, as a policy of the Trump administration’s fixing noose on unlawful immigration. Subsequent news further suggests that Pakistanis may not confront any complete bar from traveling, but may experience a tight scrutiny when applying for a US visa. Pak Authorities Approaches UA Administration Pakistan authortities in Washington are in contact with the US State Department, but nothing has been confirmed or…
Karachi, March 10: As the Sindh government is set to acquire over the operational control of federal-funded Bus Rapid Transit (BRT) Green Line on Monday (today March 10), the provincial government has set aside Rs01 billion appropriation to preserve the passage for another four months to assist thousands of commuters. Compared to the Sindh government’s People’s Bus Service (PBS) which has as of late settled Rs80 as its least passage fare, the highest passage fare of the Green Line is Rs55 per individual after an endowment given by the central government. The Rs1 billion appropriation being advertised by the Sindh government will offer assistance keep up the commuter’s fee at the current level till June 2025. However, a query remains to…
ISLAMABAD, March 10: Public Procurement Regulatory Authority (PPRA) has begun a complete redesign of its rules and regulations framework with Public Procurement Rules, 2004 keeping a target of elite global standards. It is also overhauling its staff training and modernization. MD PPRA has advised the PPRA Board that in compliance with the mandates of the Prime Minister, a global expert was contracted to survey the entire set of rules of the Authority and its Public Procurement Rules, 2004. The expert shared the edited draft of renewed set of Public Procurement Rules, 2025 which have been looked into by the PPRA…
Karachi, March 10: The Money Policy Committee (MPC) of the State Bank of Pakistan (SBP) would meet in no time for its moment session of the year with most investigators expecting a cut of 50 premise focuses (bps). In its session on January 27, the MPC decreased the key approach rate by 100bps to 12%. This was the 6th progressive cut since June 2024, when the rate stood at 22%. Largely, most market specialists anticipate the central bank to proceed its financial facilitating position as a declining expansion rate has driven desires of a seventh-successive cut. A survey of experts…
ISLAMABAD, March 08: With real interest rates already above 10%, a rate cut isn’t just expected—it’s almost inevitable. Looking ahead, inflation is projected to average 3.75% by June 2025 and 4.9% by December 2025, well within SBP’s 5-7% target range. However, core inflation is still hovering around 8%, which the central bank will closely monitor. Oil Prices on a Downward Trend Global energy prices continue to decline. Inflationary pressures seem to be easing. Brent crude has dropped to $69.30 per barrel, a three-year low, while coal prices have fallen 16%, the lowest since the COVID-19 crash. US Economy in Turmoil The…
ISLAMABAD: Last year, Pakistanis became the fifth largest buyers of properties in the UAE city of Dubai. In 2024, Indians would continue to be the leading buyers of Dubai real estate, while Pakistanis would move up to the fifth position, surpassing their previous ranking of seventh place, as revealed in a report by the Dubai-based property consultancy, Better Homes. Property prices in Dubai are projected to increase by 5-8% each year in 2025, with luxury areas like Palm Jumeirah and Downtown Dubai experiencing even more significant rises, as reported by data from developer Damac. In 2023, British buyers ranked second,…
Karachi March 05, 2025: Sindh Chief Minister Syed Murad Ali Shah has said that the Sindh government has begun distributing Solar Home Systems (SHS) to 200,000 low-income households, and chairman Bilawal Bhutto has instructed him to procure another 300,000 solar units for furthe r distribution. Yesterday Punjab CM Mariam Nawaz Sharif announced providing free solar systems to needy households, which are around one lac, almost half the number of Sindh government announced. This initiative is designed to provide affordable and sustainable electricity, helping families that are still recovering from the devastating floods of 2022. “We are installing 270 MW solar…
Lahore, March 03, 2025: Almost 94483 solar systems will be set up throughout the year under CM Punjab Free Solar Panel Scheme. Automatic digital draw of the free solar panel scheme was conducted by Chief Minister Maryam Nawaz Sharif in Lahore today. Chief Minister Maryam Nawaz Sharif congratulated the fortunate consumers who have won the free solar panel scheme. She also directed to complete solar panel installation process as soon as possible. People want to get relief from expensive electricity, without any delay, says CM Maryam Nawaz Sharif. Solar system installation will begin at the end of March after the…
