Islamabad, Jan 29: The Pakistani rupee (PKR) ended its three-day bearish streak today, showing a modest gain against the US Dollar (USD) after opening at 279 in the interbank market. The exchange rate fluctuated within the 278-280 range throughout the day, before ultimately closing at 278.87, marking a 0.02 percent appreciation or a gain of five paisas against the USD. Open market rates remained relatively stable, ranging between 279-281.
Author: Iqra Khan
Islamabad, Jan 29: EU Special Representative for Human Rights, Ambassador Olaf Skoog, met with Federal Minister for Commerce Jam Kamal Khan to explore ways to strengthen the trade and economic partnership between Pakistan and the European Union. During the meeting, the two sides discussed maintaining and enhancing the benefits of Pakistan’s Generalized Scheme of Preferences Plus (GSP+), which allows duty-free access to the EU market, while also ensuring that Pakistan remains compliant with international obligations. The conversation centered on Pakistan’s adherence to 27 international conventions covering a wide range of areas, including human rights, labor rights, environmental standards, and good…
Islamabad, Jan 29: The School Education Department has announced a major initiative aimed at revolutionizing education in public schools through the procurement of 200,000 Chromebooks to establish smart labs. This initiative will provide digital tools and resources to more than 200,000 students, including out-of-school children, by assigning them digital IDs. These IDs will offer access to internet safety tools and a wealth of digital learning resources. In collaboration with “Jumni,” the Chromebooks will be used to deliver digital learning experiences to children. As part of the initiative, free digital IDs will be created for out-of-school children, allowing them to access…
Islamabad, Jan 29: Despite government claims of reducing inflation, the ongoing rise in fuel prices continues to burden consumers and undermine efforts to alleviate economic pressures. Fuel costs, which have been on an upward trajectory for some time, are set to increase further. Recent reports indicate that petrol prices could rise by 3 rupees per liter, pushing the cost from 256.13 rupees to 259.13 rupees. Diesel prices are also expected to increase by 6 rupees, bringing the cost from 260.95 rupees to 266.95 rupees per liter.
Islamabad, Jan 29: The Board of Intermediate & Secondary Education (BISE) Lahore has introduced barcodes on result cards for the 2024 Inter Supplementary Examinations, following the directives of Muzammil Mahmood, Chairman of the Task Force Committee. This step is part of a wider initiative to enhance the transparency and security of the examination process.
Islamabad, Jan 29: The Ministry of Federal Education has teamed up with a U.S.-based academy to introduce an innovative AI tutor named Khanmigo in government middle schools across Islamabad. This collaboration aims to enhance student learning by providing personalized, interactive educational experiences, including support for Urdu. To ensure the effective integration of this AI tutor, teachers will undergo training. Once the training is completed, students will gain access to the Khanmigo platform, which offers customized learning tools designed to help students strengthen their understanding of various subjects.
Islamabad, Jan 29: Elon Musk’s ambitious plan to turn X into a platform akin to China’s WeChat is gaining momentum, with financial transactions becoming a core part of his vision. To facilitate this, X will launch X Money later this year, a comprehensive payment system designed to simplify financial activities on the platform. The X Money service is being marketed as a solution “for all your money moves,” allowing users to conduct various financial transactions seamlessly within the platform. X CEO Linda Yaccarino also revealed that Visa would be the first official partner for X Money, ensuring that the platform’s…
Islamabad, Jan 29: Fauji Fertilizer Company Limited (PSX: FFC) has reported strong financial results for the calendar year ending December 31, 2024. The company posted a consolidated profit after tax (PAT) of Rs. 85.5 billion, reflecting an impressive 80 percent increase compared to Rs. 47.4 billion during the same period last year. The company declared a final cash dividend of Rs. 21 per share, equivalent to 210 percent, marking a significant payout to shareholders. This final dividend is in addition to the interim dividends already paid, which amounted to Rs. 15.5 per share (155 percent), later revised to Rs. 13.86…
Islamabad, Jan 29: CDC Share Registrar Services Limited, a wholly owned subsidiary of Central Depository Company of Pakistan Limited, proudly announces the launch of its latest innovation: E-Voting through WhatsApp. This revolutionary feature is set to redefine the electronic voting process, making it more accessible, efficient, and user-friendly for shareholders/members. By seamlessly integrating WhatsApp with the E-voting platform, CDCSR aims to enhance participation while maintaining the highest security and transparency standards.
Islamabad, Jan 29: Steve Smith has once again solidified his legacy as one of the greatest batters in Test cricket, becoming the joint-second fastest player to reach 10,000 Test runs. Achieving the milestone in just 115 matches, he now shares this record with Sri Lanka’s Kumar Sangakkara, trailing only Brian Lara, who reached the mark in 111 matches. Smith’s historic moment arrived on Day 1 of Australia’s opening Test against Sri Lanka in Galle. Walking in at No. 4, he needed just one run to reach the milestone and wasted no time, flicking his very first ball for a single…
