Islamabad, Sep 6: State media said on Friday that Pakistan’s finance minister, Muhammad Aurangzeb, had extended an invitation to Oman to increase investments in the country. Pakistan is currently facing financial difficulties and is in the process of obtaining a $7 billion bailout loan from the International Monetary Fund (IMF) executive board. According to Aurangzeb, Pakistan would concentrate on obtaining the external funding it needs in the coming weeks. To this purpose, the country will communicate with international governments and lenders to entice foreign investment and pursue loan rollovers. Additionally, the government is attempting to concentrate on more environmentally friendly…
Author: Iqra Khan
Islamabad, Sep 6: Manzoor Ali, a minister at the Pakistani embassy in Beijing, is upbeat about increased collaboration between China and Pakistan in the tea sector, a population of more than 200 million, he stressed Pakistan’s importance as a tea consumer and the possibilities for expanding bilateral trade in this area. According to Manzoor, the embassy has inked a contract with the China International Engineering Consulting Association’s (CAIEC) International Business Advisory Council in an effort to address demand in the home market and, more importantly, reach out to neighboring Islamic countries and European countries. The top tea importer in the…
Islamabad, Sep 6: The State Bank of Pakistan (SBP) is pleased to announce the successful conclusion of Art Competition for the designs of the new banknote series. We appreciate the local artists and designers who participated in the competition showcasing their creativity and talent in this important endeavor. After a rigorous evaluation process conducted by a committee of esteemed experts from relevant fields, the following designs, as tabulated at Annexure-A have been selected for award of prizes: The shortlisted designs are suggestive in nature and are being shared with international designers who have been shortlisted to work with SBP and…
Islamabad, Sep 6: NDRMF Showed Federal Secretary Education and Professional Training a Demo of the NatCat Safe School Application. By creating the NatCat Safe School Application, NDRMF, in collaboration with the Ministry of Federal Education and Professional Training, is making a big advancement in the protection of educational establishments throughout Pakistan.At Islamabad Model College for Girls F-8/1 Islamabad today, NDRMF gave Federal Secretary of Education Mr. Mohyuddin Wani the first live demonstration of the NatCat Safe School Application. The app’s ability to completely transform school safety regulations was demonstrated in the demo. After the demonstration, the Federal Secretary commended NDRMF…
Islamabad, Sep 6: Pace Pakistan Limited (PSX: PACE) announced the completion of its First Capital Tower project in Lahore. The business sent a notice to the Pakistan Stock Exchange (PSX) saying, “We would like to take this opportunity to inform PSX and the public at large that First Capital Tower, a project of Pace (Pakistan) Limited, has been completed.” According to PACE, the First Capital Tower is becoming Pakistan’s financial center and is home to the country’s biggest financial organizations. PACE is a company that develops, buys, manages, and sells real estate, including plots, department stores, retail centers, super markets,…
Islamabad, Sep 6: In interbank trading on Friday, the value of the Pakistani rupee (PKR) increased by 11 paisa relative to the US dollar (USD), finishing at Rs. 278.56 as opposed to Rs. 278.67 the day before. Yesterday saw PKR snap out of a three-day losing trend versus the USD, rising by 0.03 percent to settle at 278.67. The purchasing and selling values of the dollar on the open market were Rs 278.75 and Rs 280.25, respectively, according to the Forex Association of Pakistan (FAP). The State Bank of Pakistan (SBP) reports that the price of the Euro (EUR) jumped…
Islamabad, Sep 6: The UN World Meteorological Organization (WMO) issued a warning on Thursday about the continued “spiraling, negative impact on health, ecosystems, and agriculture” caused by unchecked climate change, wildfires, and air pollution, which has been linked to millions of fatalities. According to Lorenzo Labrador, the Scientific Officer of WMO, “nearly everybody on Earth basically nine out of ten people breathe air that is essentially unfit for purpose.” “This indicates that the air quality is above the guidelines set by the World Health Organization [WHO] and has a high concentration of pollutants, primarily affecting low- and middle-income countries.” The…
Islamabad, Sep 6: Calls for the resignation of Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi reverberated around the chamber during a contentious Senate session, as senators expressed their worries over the declining health of sports in the nation, including cricket. Leading the charge was Senator Ali Zafar, who criticized the existing sports administration harshly and emphasized the need for capable leadership. Commencing his speech, Senator Zafar congratulated Olympic gold medallist Arshad Nadeem on his recent success, calling him a national hero. But he soon turned his attention to the deterioration of other once-nationally prideful sports like squash and hockey. “Our…
Islamabad, Sep 6: The “Apni Chhat Apna Ghar” project was formally introduced by Punjab Chief Minister Maryam Nawaz at a recent ceremony held at the Commissioner Office in DG Khan. Provincial ministers, assembly members, and local dignitaries attended the event, which included a lottery draw to choose the first recipients of the program. The winner of the first draw was Abdul Latif. The first loan installment under this program will be sent to approved candidates by September 15. The program provides loans up to 1.5 million rupees, with a seven-year payback schedule of 14,000 rupees each month. Maryam Nawaz emphasized…
Islamabad, Sep 6: In order to bring the valuation rates of immovable properties in 42 cities up to par with fair market value, the Federal Board of Revenue (FBR) is anticipated to increase them during the current month. The FBR will release the updated property valuation tables in September 2024. Valuation tables were previously released by the FBR on September 13, 2022. Depending on the location and fair market value of various city segments, the FBR has reportedly proposed revisions in 42 cities. Abbottabad, Attock, Bahawalpur, Chakwal, Dera Ismail Khan, Dera Ghazi Khan, Faisalabad, Ghotki, Gujranwala, Gujrat, Gwadar, Hafiz Abad,…
