Islamabad, Nov 12: IHC Expresses Frustration Over CDA’s Delayed Compensation Payments for Land Acquisitions. On Thursday, the Islamabad High Court (IHC) scrutinized the Capital Development Authority (CDA) for its failure to provide compensation to individuals whose land had been acquired for development purposes. “Land that has belonged to their ancestors has been forcibly taken from these individuals, and they continue to be sent on a wild goose chase for their compensation,” commented Chief Justice Athar Minallah. “Everyone should feel embarrassed. This situation reflects how poorly this country is being governed.” While addressing a petition regarding compensation payments following land acquisition,…
Author: Iqra Khan
Islamabad, Nov 12: Today, the price of gold in Pakistan stands at PKR 284,500 per tola for 24 karat gold, while the cost of 22 karat gold is PKR 260,859 per tola on Tuesday, November 12, 2024. These current rates for both 24K and 22K gold are derived from data provided by the Sarafa Jewelers Association and the International Gold Market, and they come with a performance graph that illustrates gold price trends over the past 10 days. GOLD PURITY PER TOLA PER 10 GRAM 24K Rs. 284,500 Rs. 243,913 22K Rs. 260,859 Rs. 223,587 21K Rs. 249,002 Rs. 213,424…
Islamabad, Nov 12: Trump Nominates Congresswoman Elise Stefanik as U.N. Ambassador. US President-elect Donald Trump has appointed Congresswoman Elise Stefanik, a longtime supporter with limited foreign policy background, to be the United States ambassador to the United Nations, as announced by a Trump transition official on Monday. Stefanik, who is 40 years old, marks Trump’s first Cabinet selection for his upcoming second term in office. “I am proud to nominate Chairwoman Elise Stefanik as my Cabinet member in the role of U.S. Ambassador to the United Nations. Elise is a remarkably strong, resilient, and intelligent advocate for America First,” Trump…
Islamabad, Nov 12: Maersk to Invest $2 Billion in Pakistan’s Maritime Sector, Says Qaiser Ahmed. Federal Minister for Maritime Affairs, Qaiser Ahmed Shaikh, welcomed senior representatives from Maersk Line, the prominent Danish shipping company, during a crucial meeting on Monday, ahead of the Danish Foreign Minister’s scheduled visit to Pakistan. During the discussions, Minister Qaiser Ahmed expressed Pakistan’s eagerness to partner with Maersk Line, which has pledged a monumental investment of USD 2 billion in the nation’s maritime industry. Qaiser Ahmed regarded this investment as a noteworthy accomplishment for Pakistan’s shipping and logistics sector, highlighting the long-term economic advantages that…
Islamabad, Nov 12: Bitcoin Nears $90,000 Mark, Reaching New All-Time High Amid Surging Demand. Bitcoin is approaching $90,000 on Tuesday, having reached another peak of $89,640 during early-morning trading as investors wager heavily on Donald Trump’s potential return to the White House after his decisive win in the US elections last week. The market has surged approximately $8,600, or 11 percent, over the last 24 hours, with investors optimistic that the leading cryptocurrency will reach the much-anticipated $100,000 mark in the upcoming days. As of 9:30 AM today, the leading cryptocurrency had risen by 8 percent, trading around $88,200.BTC is…
Islamabad, Nov 12: PM to Attend COP29 Inaugural Plenary and Hold Meetings with World Leaders Today. Prime Minister Shehbaz Sharif is set to participate in the opening session of the “World Leaders’ Climate Action Summit” at the 29th Conference of the Parties to the UN Framework Convention on Climate Change (COP29), taking place here today. Joined by Deputy Prime Minister and Foreign Minister Ishaq Dar, Information and Broadcasting Minister Attaullah Tarar, and Special Assistant to PM Tariq Fatemi, the prime minister arrived in the Azerbaijani capital for the summit and a series of high-level events and roundtable discussions organized by…
Islamabad, Nov 12: Foreign exchange rates. The Exchange Rates Committee of the Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Tuesday. Pakistan’s cuisine CONVERSION RATES FOR NOVEMBER 12, 2024 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS) SBP SETTLEMENT VALUE DATE NOVEMBER 14, 2024 USD 277.8219 GBP 358.1958 EUR 296.9638 JPY 1.8073
Islamabad, Nov 12: Pakistan-U.S. Tech Investment Conference Secures $20 Million Initial Commitment from Pakistani-American Companies. A Tech Investment Conference focused on Pakistan-U.S. relations took place in California on Sunday, signifying a significant development for Pakistan’s IT industry, with American companies, mainly led by Pakistani-American entrepreneurs, initially committing over $20 million, as stated in a press release from the embassy. The event was inaugurated by Rizwan Saeed Sheikh, Pakistan’s Ambassador to the United States, and was organized by the Pakistani Consulate in Los Angeles, with support from the Ministry of IT & Telecom, Ministry of Commerce, Pakistan Software Export Board (PSEB),…
Islamabad, Nov 12: UNICEF Warns, Over 11 Million Children Under 5 at Risk from Toxic Air in Punjab, Pakistan. The United Nations Children’s Fund (UNICEF) has issued a warning that the highly polluted air in Punjab province, Pakistan, poses significant risks to the population, particularly affecting over 11 million children aged five and under. Recently, air pollution levels surged in Lahore, the provincial capital, and other districts, exceeding the World Health Organization’s air quality guidelines by a factor of more than 100, according to a statement from the UN agency released in Islamabad and New York on Monday. The report…
Islamabad, Nov 12: Pakistan’s Debt-to-GDP Ratio Reaches Lowest Point in Over Six Years, Signaling Economic Improvement. Pakistan’s Debt-to-GDP ratio has fallen to 65.7 percent as of September 2024, reaching its lowest point since June 2018. Arif Habib Limited (AHL) reports that the Domestic Debt-to-GDP ratio is currently at 43.1 percent, while the External Debt-to-GDP ratio is recorded at 22.7 percent. As per the monthly report released by the State Bank of Pakistan (SBP), the total public debt of the federal government was Rs. 69.570 trillion in September 2024, reflecting a 1.1 percent decrease from the previous month.
