Islamabad, Sep 18: Several important projects and policies were authorized during a provincial cabinet meeting presided over by Punjab Chief Minister Maryam Nawaz. The “Apna Ghar Apni Chhat” program is a significant undertaking that seeks to construct 500,000 homes throughout Punjab over the course of the next five years. Additionally approved were the “Children Heart Surgery Program” and the “Chief Minister Green Tractor Program.” The cabinet also resolved to enhance the punishment for unlawful gun ownership, increasing the fee from Rs. 500,000 to Rs. 700,000 and imposing a strict three-year jail sentence. The MDCAT policy was approved for both public…
Author: Iqra Khan
Islamabad, Sep 18: The governments of Pakistan and Nepal have been urged to collaborate in order to effectively advocate for effective climate action in international climate forums, according to Anil Pokhrel, Chief Executive of the National Disaster Risk Reduction and Management Authority (NDRRMA). Pokhrel emphasized that Pakistan and Nepal’s combined efforts at international fora should concentrate on pressuring the international community to guarantee climate finance tools that are accessible to developing nations suffering from the negative effects of climate change. Anil Pokhrel, the chief executive of NDRRMA, told the media in an exclusive interview held on the fringes of the…
Islamabad, Sep 18: Prime Minister Shehbaz Sharif received a formal invitation from King Charles III of the United Kingdom to attend the Commonwealth Heads of Government Meeting (CHOGM) in Samoa in October. According to a PM Office press statement, the prime minister accepted the invitation and stated that the CHOGM in Samoa will be a historic occasion in the history of the Commonwealth because it would be the first summit the King would chair after becoming Head of the Commonwealth. Pakistan’s commitment to the Commonwealth and the principles outlined in the Commonwealth Charter was reaffirmed by Prime Minister Sharif. He…
Islamabad, Sep 18: The Motorway Police (MP) in Ghotki have taken an unusual tack in trying to reduce accidents on the Sukkur-Multan portion of the motorway (M5). They are requesting that drivers wash their faces at night in order to keep them from falling asleep at the wheel. According to the MP, a number of accidents happen as a result of drivers nodding off, especially when traveling at night. The police hope to lessen these incidents and make driving safer for all drivers by promoting face washing among motorists. With so many private and commercial vehicles using Pakistan’s highways every…
Islamabad, Sep 18: Securities brokers are invited by Pakistan Stock Exchange (PSX) to take part in the Investor Weekend 2024, a three-day event held at Dolmen Mall in Clifton, Karachi, as part of World Investor Week 2024, which is scheduled to take place from October 7 to October 13, 2024. With assistance from the Securities & Exchange Commission of Pakistan (SECP) and in partnership with PSX, the Central Depository Company (CDC) is organizing this event.Securities brokers who showcase at this event will have the chance to interact directly with attendees, members of the public, workers of corporations, students, and others,…
Islamabad, Sep 18: The State Bank of Pakistan (SBP), the country saw $214 million in Foreign Direct Investment (FDI) in August, which represents a 50.7% increase from the $142 million FDI in the Same Period Last Year (SPLY). When comparing months to months, it can be seen that the nation recorded $136 million in investments made the month before. FDI was registered at $350 million overall in 2MFY25, up 55.6% from $22 million.
Islamabad, Sep 18: The Capital Development and Authority (CDA) Chairman Muhammad Ali Randhawa presided over a meeting to discuss the transfer of PWD offices to CDA and the timely building of the Islamabad Model Jail. According to specifics, talks centered on making sure that the Islamabad Model Jail project moved seamlessly from the Public Works Department (PWD) to CDA. The intention was to name CDA as the main agency responsible for carrying out the project after consulting with the Ministries of Interior and Planning, Development, and Initiatives. Chairman Randhawa emphasized that in order to guarantee continuous progress, the PWD and…
Islamabad, Sep 18: The State Bank of Pakistan (SBP) released figures on Wednesday showing that in August 2024, Pakistan’s current account balance showed a surplus of $75 million. In August 2024, Pakistan experienced a current account surplus of US$ 75 million, following three consecutive current account deficits. The current account deficit for 2MFY25 is US$ 171 million, which is 81 percent less than the previous year. Topline Securities claims that remittances, which came in at US$ 2.9 billion, up 40% YoY, are the reason for the current account’s increase. Remittances are increased 44% YoY in 2MFY25.
Islamabad, Sep 18: After starting trade at 278 in the interbank market today, the Pakistani rupee (PKR) increased against the US dollar (USD) for the sixth day in a row. It closed the green against the greenback after remaining steady all day. During today’s session, it recorded losses versus a few of the other major currencies. The interbank rate closed at 278/$, where it had spent the majority of the day. Today’s open market rates were rigidly set at the 278 level across a number of currency exchanges.The PKR gained eight paisas against the US dollar today, and it appreciated…
Islamabad, Sep 18: Under the Suthra Punjab Program for cleanliness throughout the province, long-lasting, environmentally friendly steps are being implemented, according to Punjab Chief Minister Maryam Nawaz. She stated in a statement that the province’s extensive cleaning initiatives are now including rural areas for the first time. Maryam Nawaz recommended the adoption of appropriate trash disposal procedures and a move away from the use of plastics, which contributes significantly to pollution.
