Islamabad, Oct 21: Abu Bakar Assumes Role as CEO of Pakistan Software Export Board (PSEB). Abu Bakar now serves as the Pakistan Software Export Board’s (PSEB) chief executive officer. He was greeted by senior PSEB personnel, who also gave him an update on current projects and activities that are essential to the organization’s goals. Abu Bakar is a seasoned technology executive and entrepreneur who brings 24 years of international experience to the role, including 15 in executive capacities. He graduated from a prestigious American university with an undergraduate degree and a master’s degree in technology management. Abu Bakar thanked them…
Author: Iqra Khan
Islamabad, Oct 21: Meezan Bank Reports Record-Breaking Rs. 78.3 Billion Profit in First 9 Months of 2024. According to Arif Habib Limited, Meezan Bank Limited (PSX: MEBL) reported earnings of Rs. 78.3 billion for 9MCY24, a 34 percent YoY increase. Total earnings for 3QCY24 were Rs. 26.2 billion (EPS: Rs. 14.6), showing a 1 percent YoY increase but a 2 percent QoQ decrease. The bank also announced a cash dividend of Rs. 7/share in 3QCY24, bringing the total payout for 9MCY24 to Rs. 21.0/share. The bank’s net profit for 3QCY24 was Rs. 76.9 billion, up 20 percent YoY | 9…
Islamabad, Oct 20: Pakistani Students Participate in Chinese Martial Arts Training Camp in Shanxi. Over 100 international students, including 79 from Pakistan, attended an international martial arts training camp in the northern province of Shanxi from October 12 to 18. Participants had a rare chance to learn about Chinese martial arts, a significant part of traditional Chinese culture, at the event. Anza Ijaz Hayat, a medical student at Shanxi Medical University, was one among the Pakistani students. Anza’s parents and siblings are both medical professionals, hence she comes from a family of doctors. Her second brother is presently enrolled at…
Islamabad, Oct 20: Symposium in Islamabad Highlights China-Pakistan Cooperation as Key to Modernization Efforts. Islamabad, the federal capital, hosted the Hong Ting Forum the other day with the topic “Understanding China-Pakistan All-Weather Strategic Cooperative Partnership and Chinese-style Modernization Development Path.” About 100 people attended the symposium, including academics, media representatives, and diplomats.Xinhua News Agency and the think tank Institute of Strategic Studies Islamabad (ISSI), located in Islamabad, co-organized it. Islamabad hosted a symposium on China-Pakistan collaboration to promote modernization. China is prepared to share growth possibilities with the rest of the globe, according to Shi Yuanqiang, minister of the Chinese…
Islamabad, Oct 20: 9,500 Farmers to Receive Green Tractors in New Agricultural Initiative. Despite the Punjab government’s announcement that 9,500 green tractors will be distributed under the Kisan Program, over 15 lakh applications had already been received. More than 1.5 million applications were submitted to the government under the Green Tractor Program, which was made available to farmers. According to CM office officials who spoke to APP, the list of people who will be drawn will be made public on October 20 in accordance with the Punjab CM’s instructions. In the meantime, the application review process was finished. The relevant…
Islamabad, Oct 20: Pak-Korea Cultural Week 2024 Set to Begin on October 23. Pak-Korea Cultural Week 2024 will be observed by the Prime Minister’s Youth Program (PMYP) in association with the Republic of Korea Embassy in Islamabad. The lively event will highlight the rich cultural legacy of both countries, enhancing their friendship and cross-cultural interaction, according to the PMYP office.The Korea-Pakistan Cultural Gala, which will take place at Liaquat Gymnasium on October 23 and feature captivating dance, music, and art acts from both Korea and Pakistan, is one of the event’s two fascinating activities. In addition, from October 24 to…
Islamabad, Oct 20: Pakistan Shines on Global Stage at SIAL Paris 2024.Pakistan made a remarkable impact at Europe’s leading food fair SIAL Paris 2024. 34 exhibitors under TDAP’s Pakistan Pavilion and 14 other exhibitors participated in diverse products from rice, corn and sesame seeds to processed food, spices, frozen food, fruit juices, candies and snacks. Ambassador Asim Iftikhar Ahmad inaugurated the Pakistan Pavilion and interacted with the participating business groups who shared their feedback and exchanged views on enhancing Pakistan’s exports in the food sector.
Islamabad, Oct 20: Traders Highlight SCO’s Potential to Unlock New Economic Growth and Investment Opportunities in Pakistan. According to Hafiz Umair Saeed, president of the Chamber of Small Traders and Small Industry, the recent Shanghai Cooperation Organization (SCO) conference in Pakistan would yield important outcomes and create new opportunities for investment and economic growth in the nation, APP reported on Sunday. He said that China and Pakistan were working to create the Shanghai Cooperation Organization (SCO) after the European Union in a statement released here on Sunday. He expressed optimism that Asia would have a wealthy and happy future. He…
Islamabad, Oct 20: Finance Minister to Seek US Financing for Key Energy Projects Next Week. During his visit to Washington next week, US Assistant Secretary of State for Energy Resources Geoffrey Ross Pyatt will meet with Finance Minister Muhammad Aurangzeb to address energy sector challenges and negotiate a package of financial support for energy projects in Pakistan. According to Business Recorder, this comes after talks between Aurangzeb and US Ambassador Donald Blome on October 17, 2024. Ambassador Blome had asked for information regarding the economic effects of the proposed re-profiling of Chinese power sector debts. China and Pakistan are working…
Islamabad, Oct 20: FBR’s Tajir Dost Scheme Registers Over 9,200 Big Retailers, Boosting National Compliance. The Tajir Dost Scheme now has 9,290 Tier-1 shops registered. In October 2024, the Federal Board of Revenue (FBR) increased the number of registered Tier-I retailers to 9,290 by adding 160 big businesses to its Point of Sales (POS) system. Up till September 2024, FBR had 9,130 retailers registered with the POS system. According to its most recent data, 507 leather and textile retailers and 676 restaurants are currently using the POS system. Only Rs. 1.3 million has been collected from 575 stores out of…
