Islamabad, Nov 19: Belgian Ambassador Advocates for Strengthening Investment and Cooperation in Pakistan. The Belgian Business Contact Day and Catalogue Exhibition was held on Monday at the Chamber House by the Rawalpindi Chamber of Commerce and Industry (RCCI). The main guest for the occasion, Charles-Idesbald Van Der Gracht De Rommerswael, the Belgian ambassador to Pakistan, officially opened the event. The purpose of the gathering was to promote cooperation and deepen commercial connections between Belgium and Pakistan. The ambassador underlined Belgium’s dedication to expanding investment and collaboration in Pakistan across a range of areas in his keynote speech. “Education, agriculture, textiles,…
Author: Iqra Khan
Islamabad, Nov 19: Zimbabwe Unveils Squad for Upcoming Pakistan Series. For the forthcoming series against Pakistan, which will be played at home from November 24 to December 5, the Zimbabwe Cricket Board has selected a vibrant and well-rounded team. Three One-Day Internationals (ODIs) and three Twenty20 Internationals (T20Is) will be played in Bulawayo as part of the series. Zimbabwe’s team for the Pakistan series consists of both seasoned players and exciting new talent, with the goal of challenging one of cricket’s best teams and building on previous victories. Uncapped Players in Zimbabwe’s ODI Squad for Pakistan Series: Trevor Gwandu, Tashinga…
Islamabad, Nov 19: Moody’s Warns Interest Costs Could Consume 40% of Pakistan’s Budget by 2025. According to Moody’s Investors Services (Moody’s), interest expenses would make up about 40% of total spending in Pakistan in 2025, up from about 25% in 2021. In a report titled “2025 Outlook Stable as economic risks recede, geopolitical and trade risks persist,” Moody’s said that Pakistan’s government debt affordability would continue to be lower than it was before to the epidemic. In Asia-Pacific (APAC), Pakistan is particularly susceptible to crises in food security. The affordability of government debt in emerging and frontier countries will continue…
Islamabad, Nov 19: IMF Flags Major Issues in Pakistan’s Budget-Making Process. With differences of up to 55% between the FY2022-23 budget and actual spending, the International Monetary Fund (IMF) has discovered significant issues with Pakistan’s budget-making and execution procedures. According to TheNews, these variations are mostly attributable to supplemental funds that were authorized without first undergoing legislative review, which resulted in financial instability. The IMF’s Technical Assistance Report: Budget Practices states that Pakistan has made significant in-year changes as a result of its frequent use of technical and supplemental grants. These grants, which came to a total of Rs. 1,910…
Islamabad, Nov 19: ISP Association Criticizes PTA’s Blanket Restrictions on VPNs. In response to the recent discussion on Virtual Private Networks (VPNs) and their use in Pakistan, the Wireless & Internet Service Providers Association of Pakistan (WISPAP) released a statement on Monday. In a statement, it emphasized how VPN technology is a multifunctional tool in today’s connected world. Although there is room for abuse, its main uses have been to protect privacy, facilitate safe communication, and give people professionals, companies, and individuals alike access to vital web resources. These tools are essential for innovation, economic expansion, and the protection of…
Islamabad, Nov 19: The UN Unanimously Adopted Pakistan’s Resolution on the Right to Self-Determination. Pakistan stated that its goal was to create a world where everyone could live in “dignity, free from oppression” when a major UN panel unanimously approved a resolution on Monday reaffirming the international commitment to the principle of self-determination for peoples still under colonial, foreign, and alien occupation. The resolution, which was presented by Pakistan’s UN Ambassador Munir Akram and co-sponsored by 65 nations, was approved without a vote in the Third Committee of the General Assembly, which handles social, humanitarian, and cultural matters. Pakistan has…
Islamabad, Nov 18: iPhone Users Report Hearing Other People’s Voices on Their Phones. Bugs on smartphones can be very bothersome, and some even destroy your phone, but none are as eerie and bizarre as this one. When there is no media playing on their iPhones, some users claim to hear enigmatic voices. Recently, a Reddit member claimed to have heard a man’s voice on their iPhone. The user discovered that there were no running apps, which they initially dismissed as background noise from a YouTube video. There was also the sound of a car crash in the voice, which sounded…
Islamabad, Nov 18: Fauji Fertilizer Raises Offer Price for Agritech Shares. The offer price for purchasing up to 151 million common shares of Agritech Limited (PSX: AGL) has been raised by Fauji Fertilizer Company Ltd. (PSX: FFC) from Rs. 38.84 to Rs. 39.05 per share. In a notice to the Pakistan Stock Exchange (PSX) on Monday, the business stated that the offer price revision was due to the competitive bid made by Maple Leaf Cement Factory Ltd. (PSX: MLCF) through the public announcement of the public offer. Accordingly, the security’s value has grown from Rs. 5,867 million to Rs. 5,899…
Islamabad, Nov 18: inDrive Launches Road Safety and Beautification Campaign in Karachi. InDrive, a world leader in urban services and mobility, has started a revolutionary road safety and beautification project in Karachi. This project seeks to improve the city’s aesthetics while raising awareness of traffic safety. In order to create a community that is safer and more conscious, this effort entails cleaning and adorning disregarded walls with colorful artwork that communicates important safety lessons. As part of its dedication to safety and community involvement, inDrive integrates important safety elements into its app in addition to concentrating on promoting road safety…
Islamabad, Nov 18: Telenor Microfinance Bank (TMB), operator of Pakistan’s leading digital financial services platform, easypaisa, has received US$10 million in equity investment from its shareholders, Telenor Group, and Ant Group, as easypaisa prepares to launch its digital retail banking operations in Pakistan, subject to regulatory approvals. This capital injection represents a pivotal step in the easy paisa’s ongoing digital transformation journey and reflects the strong confidence of both shareholders in the role the bank is playing in empowering a financially inclusive Pakistan. Sharing his thoughts on the recent developments. Irfan Wahab Khan, Chairman, Board of Directors, TMB / easypaisa,…
