Islamabad, Sep 2: A Pakistani-German Facilitation & Reintegration Centre (PGFRC) has been established in Lahore by the Ministry of Overseas Pakistanis and Human Resource Development. An advice desk is located at the Overseas Pakistani Foundation (OPF) at the head office. The goal, according to an official source who spoke with APP, was to make it easier for Pakistanis living abroad to come home so they can develop their skills in Pakistan’s social and economic fabric and find lucrative jobs. The German Federal Ministry for Economic Cooperation and Development (BMZ) is supporting its implementation, which is being carried out in partnership…
Author: Iqra Khan
Islamabad, Sep 2: The Pakistani rupee (PKR) opened trading at 278 in the interbank market today, marking a loss for September compared to the US dollar. The day’s trading remained steady, although it ended in red compared to the US dollar. During today’s session, it recorded gains against the majority of the other major currencies. The interbank rate closed at 278/$, where it had spent the majority of the day. Today’s open market rates were rigidly set at the 278 level across a number of currency exchanges. The PKR lost 10 paisas versus the US dollar today, depreciating by 0.04…
Islamabad, Sep 2: FFC and Farmdar will furnish farmers with cutting-edge instruments to oversee crop well-being, soil parameters, and meteorological trends, empowering them to create knowledgeable choices that enhance efficacy, curtail expenses, and augment yield. We are pleased to announce a ground-breaking collaboration between Fauji Fertilizer Company and Farmdar, which aims to close the yield gap in Pakistan. Through the integration of state-of-the-art space technology with AI-driven precision farming, this partnership will provide farmers with real-time data and insights to optimize their agricultural methods. By means of this tactical partnership, FFC and Farmdar will furnish farmers with cutting-edge instruments to…
Islamabad, Sep 2: Mobilink Bank, the top digital microfinance bank in Pakistan, has partnered with CARE Pakistan to use the Strive Women program to help 50,000 women reach their full potential. In order to create a more just and prosperous society, Mobilink Bank and CARE Pakistan will invest in the development of their financial literacy and abilities. Both groups will provide 30,000 women with the financial resources they require to launch or grow their enterprises over the course of the following three years. As a member of the VEON group, a worldwide digital operator, Mobilink Bank serves close to 160…
Islamabad, Sep 2: A great first-half performance, Huawei, a Chinese technology firm under U.S. sanctions because of possible military ties, has exceeded expectations. The company’s net profit increased by 18.2% to CNY 55.1 billion, and its revenue increased by 34.3% to CNY 417.5 billion, according to the Chinese Business Network. As a result of trade restrictions, Huawei has experienced its most profitable first half to date. The first half of 2020 had Huawei’s greatest financial results prior to the United States imposing penalties in the middle of the year. Nonetheless, the company’s operations suffered a great lot as a result…
Islamabad, Sep 2: A further investment of Rs. 1.1 billion has been approved by the Board of Directors of Indus Motor Company Limited (PSX: INDU) for the localization of parts and components of various existing vehicles by Q3 2025. This brings the overall investment in the initiative for greater localization to Rs. 4.1 billion, in addition to the Rs. 3 billion the car assembler originally announced back in February 2024. This is a part of the company’s larger strategy to steadily increase the localization of car parts and components made in the country in order to boost the local auto…
Islamabad, Sep 2: Starting next month, Air Link Communication Limited will begin producing Xiaomi Smart TVs at its brand-new, cutting-edge TV production plant in Lahore, Pakistan. “This important breakthrough boosts our revenue streams and advances Airlink’s capacity for creative production. The corporation declared its financial results for the year ending June 30, 2024, and stated, “We remain committed to delivering exceptional value to our stakeholders.” The first announcement that Xiaomi had chosen to collaborate with AIRLINK to manufacture Smart TVs in Pakistan was made in October 2023. The company deals in the import and export of various IT-related products and…
Islamabad, Sep 2: Attock Cement Pakistan Limited (PSX: ACPL) revealed its FY24 financial results, reporting earnings of Rs. 3.567 billion, up 135 percent YoY from Rs. 1.516 billion in SPLY. According to an assessment by Arif Habib Limited, this was mostly due to the profit from the sale of the subsidiary “Saqr AL Keetan for Cement Production Company Limited.” For the previously mentioned rationale, earnings for the fourth quarter of FY24 increased by 194% YoY to Rs. 1.348 billion from Rs. 459 million. The corporation also declared a cash dividend of Rs. 4.00 per share in conjunction with the outcome.…
Islamabad, Sep 2: In Rawalpindi, Pakistan is about to introduce its first totally digital transportation system. The Punjab Information Technology Board (PITB) would supervise the development of the required software for this new public transportation initiative, according to a national daily that cited sources. The Pirwadhai Bus Terminal will get an e-tag system and a control room installed as part of the plan. Comprehensive car data, including registration details, ownership details, vehicle color, fitness certifications, driver’s licenses, route numbers, and tracking information, will be collected by this system at the terminal. Only vehicles that meet safety and service criteria will…
Islamabad, Sep 2: Gallup Pakistan announces the appointment of Bilal I. Gilani, its Executive Director, to the board of the Gallup International Association. This important appointment was made at the most recent General Assembly, which took place in May 2024 in Kuala Lumpur. Bilal I. Gilani’s selection to the Board is evidence of his depth of knowledge and commitment to furthering public opinion research both domestically and internationally. His presence on the Board will benefit from his insightful and unique viewpoints, which will further strengthen Gallup International’s efforts to comprehend and reflect public opinion around the world. A new Board…
