Islamabad, Sep 13: The envoys of Sweden and Belgium presented their diplomatic credentials to President Asif Ali Zardari, during a credential ceremony, held at Aiwan-e-Sadr, today. The President received credentials from the Ambassador-designate of Sweden, Ms Alexandra Berg Von Linde, and the Ambassador-designate of Belgium, Mr Charles-Idesbald Van Der Gracht De Rommerswael, who also held separate meetings with the President. Welcoming the envoys, the President felicitated them on their appointment and expressed the hope that they would play their role in further improving mutually beneficial cooperation with Pakistan. Talking to the Ambassador-designate of Belgium, the President highlighted that Pakistan greatly…
Author: Iqra Khan
Islamabad, Sep 13: Mohamed Al Hawi, the undersecretary of the Emirates’ Ministry of Investment, and Pakistan’s ambassador to the UAE, Faisal Niaz Tirmizi, had a fruitful discussion on Friday. The seven Memorandums of Understanding (MoUs) that Pakistan and the UAE have signed, which cover a range of industries including energy, agriculture, finance, technology, and infrastructure development, were thoroughly reviewed by both parties at the meeting. They emphasized the concrete advantages these agreements have given to the economies of both nations, while also acknowledging the noteworthy progress that has been made in their implementation. They also mentioned the encouraging momentum created…
Islamabad, Sep 13: In a recent audit report covering the years 2019 to 2023, the Auditor General of Pakistan (AGP) discovered major financial irregularities and unlawful appointments at the University of Engineering and Technology (UET). There are significant disparities in the report, which focuses on the tenure of former vice-chancellor Prof. Dr. Mansoor Sarwar. Based on the results, UET embezzled employee tax deductions totaling Rs166 million. The audit notably calls attention to Dr. Muhammad Mohsin’s illegitimate appointment as the coordinator of the UET Faisalabad Campus and demands the restitution of almost Rs. 7 million. Furthermore, it was decided that Dr.…
Islamabad, Sep 12: One of the top Islamic banks in Pakistan, Faysal Bank Limited (FBL), is happy to announce the extension of its strategic alliance with Mastercard. Faysal Bank and Mastercard Renew Partnership for Faysal Islami Noor Card The Faysal Islami Noor Card is Pakistan’s first Shariah-compliant financial product, and its renewal and expansion will only strengthen its position. This cutting-edge credit card substitute is the first of its type in Pakistan and offers our esteemed clients a wide variety of morally acceptable choices for both short-term and long-term financial needs. Mastercard’s cutting-edge security features, such as fraud detection and…
Islamabad, Sep 12: The Pakistan Telecommunication Authority PTA Blocks 465 Mobile SIM cards that dacoits use in the Katcha regions of Sindh, which include the districts of Shikarpur and Ghotki, according to testimony given to the Senate on Thursday by Ms. Shaza Fatima, the minister of state for information technology and telecommunication. In response to a question posed by Senator Haji Hidayatullah Khan in the House, she stated that the Ministry of Interior, Directorate General of Inter Services Intelligence, and Signals Directorate of General Headquarters had ordered the blocking of cell phones/SIMs, IMEls, and CNICs (Computerized National Identity Cards). According…
DHA Multan and Hashoo Group Joint Development Projects Islamabad, Sep 12: The real estate division of the Hashoo Group, Pearl Real Estate Holdings Pvt. Ltd. (PREH), is happy to announce significant joint development projects with D.H.A. Multan that will revolutionize the commercial and residential development of the area. This strategic alliance ushers in a new age of progress and opportunity for Multan by combining the resources and experience of both parties to create world-class real estate projects. Senior leadership teams from both organizations, as well as the management of DHA Multan and Mr. Murtaza Hashwani, Deputy Chairman & CEO of…
Islamabad, Sep 12: The Punjab Central Business District Development Authority (PCBDDA) had an official visit from a high-level team from the Scotland Chamber of Commerce and Robert Gordon University, which was led by Dr. Jeanette Forbes, OBE, Scotland’s Trade Ambassador to Pakistan. Highlighting the growing interest of international institutions in CBD Punjab’s projects was the delegation, which included Professor Lynn Kilbride, Vice Principal Robert Gordon University Scotland, Dr. Elliot Pirie, Associate Dean for Academic Development and Student Engagement, Director FPCCI Pakistan-UK Business Council Arslan Ijaz Anwer, and Project Manager Taar Consulting Sana Mehwish. Imran Amin, the CEO of CBD Punjab,…
Islamabad, Sep 12: The State Bank of Pakistan’s decision to lower the policy rate by 2% has been hailed by Prime Minister Shehbaz Sharif as a beneficial move for the economy of the nation. He expressed hope that more money will be invested in Pakistan as a result of the interest rate reduction and increased investor confidence. “The policy rate cut is a positive step for our economy. It will boost investor confidence and encourage further investment,” Sharif stated. This adjustment has been made possible by the recent reduction in inflation, and he anticipates that it will continue to decline…
Islamabad, Sep 12: State Bank of Pakistan (SBP), foreign investment in Pakistan’s domestic bonds suffered a steep fall during the first 23 days of August, with investors withdrawing $103.5 million from treasury bills. Market analysts blame the nation’s continued political unrest and the hold-up in reaching an agreement with the International Monetary Fund (IMF) for this outflow. The State Bank is scheduled to make its monetary policy announcement this Thursday, which means that a rate cut will further reduce the allure of Treasury bills for overseas investors. According to SBP data, foreign inflows into domestic bonds totaled $316 million between…
Islamabad, Sep 12: Pakistan is currently dealing with the largest climatic disaster, and if we do not take immediate action, it will only get worse. Increasingly frequent and severe heat waves, destructive floods, and dwindling groundwater supplies all necessitate strengthening Pakistan’s resistance to the effects of climate change. It’s time to update our development paradigms and deal with these issues, which seriously jeopardize local economies, ecosystems, and communities. Romina Khurshid Alam, the Prime Minister’s Coordinator for Climate Change and Environmental Coordination, made this claim on Thursday at a media briefing about the Recharge Pakistan initiative held at the PTV Headquarters…
