Islamabad, Aug 29: In interbank trade, the Pakistani rupee (PKR) lost 19 paisas versus the US dollar, closing at Rs 278.64 on Thursday as opposed to Rs 278.45 the day before. The purchasing and selling values of the dollar on the open market were Rs 278.5 and Rs 280, respectively, according to the Forex Association of Pakistan (FAP). According to the State Bank of Pakistan (SBP), the price of the euro (EUR) dropped by 1.13 paisa to close at Rs. 309.59 from the previous day’s closing of Rs. 310.72. The British Pound (GBP) saw a decline of 38 paisa in…
Author: Iqra Khan
Islamabad, Aug 29: An update for its well-liked Civic model has been announced by Honda Atlas Cars (Pakistan) Limited. The Civic’s Oriel and RS versions will now have wireless charging available, the firm announced in a social media post. Customers were urged by the corporation to “charge up with convenience and style” and visit their local Honda 3S dealership for additional information. The most recent improvement may be something to think about for anyone seeking a new Honda Civic. Mobile phone charging while driving is hassle-free thanks to the recently included wireless charging option in the Oriel and RS models.…
Islamabad, Aug 29: Sardar Awais Ahmad Khan Leghari, Minister of Energy (Power Division), declared on Thursday that the government does not plan to tax solar panels that are imported.The minister stated that the government is attempting to promote the adoption of solar panels in a brief video message released by the ministry. He claimed that although there had been many suggestions to tax solar panels, Prime Minister Shehbaz Sharif had turned them down. The minister also brought up the fact that the government now purchases pricey electricity from solar net metering customers, but claimed that this practice is being carried…
Islamabad, Aug 29: Chairman of the National High Authority (NHA), Arshad Majeed Mohmand, disclosed that the NHA only gets 13% of the toll revenue from its roadways at the moment. He said this to Abdul Aleem Khan, the Federal Minister for Communications, Privatization, and the Board of Investment, at a briefing on Wednesday. In accordance with directives from the Federal Minister for Communications, he continued, the NHA has started a process of improvement and is putting out both immediate and long-term policy solutions to deal with the problem. According to Abdul Aleem Khan, the NHA would not put up with…
Islamabad, Aug 29: Senator Muhammad Aurangzeb, the federal minister of finance and revenue, presided over a review meeting on Thursday with representatives from joint venture investment companies, such as Saudi-Pak Industrial and Agricultural Investment Company (SPI&AIC) and Pak-Brunei Investment Company Limited (PBICL). According to a press statement released here on Monday, the meeting’s main focus was assessing the advancement, difficulties, and future directions of these businesses.Senior personnel from the Finance Division as well as Mr. Sultan M. Hassan Abdulrauf, Chairman SPI&AIC, and Ms. Dk Noor ul Hayati Binti Pg Julaihi, Chairman PBICL, attended the meeting. The CEO of Pak-Brunei Investment…
Islamabad, Aug 29: Nadeem Naqvi is the acting Chief Executive Officer (CEO) of the Pakistan Stock Exchange (PSX). With permission from the Securities and Exchange Commission of Pakistan, the Board of Directors of Pakistan Stock Exchange Limited (PSX) has named Nadeem Naqvi, a shareholder director, as the acting Chief Executive Officer (CEO), the company announced on Thursday. Starting on September 3, 2024, Naqvi will hold the position of Acting CEO. He will stay in this capacity until a permanent CEO is named, or until November 30, 2024, whichever comes first.As per the details on the PSX website, Naqvi holds the…
Islamabad, Aug 29: The nation’s capital is slated to become a “Model Digital City,” offering its citizens access to cutting-edge technology. 150 app-based services will be made available as part of this program to make daily living easier and increase accessibility and convenience for city dwellers. The use of e-parking technologies, which will simplify parking management and lessen congestion, is one of the transformation’s main aspects. More AI-enabled smart cameras will also be installed throughout the city. These cameras will be essential for keeping an eye on street crime, enhancing security, and facilitating improved traveler traffic management. This creative concept…
Islamabad, Aug 29: The Pakistan Meteorological Department (PMD) predicted that a probable cyclone that formed over the Rann of Kutch in India would likely develop along the coast of Sindh late tonight or early on Friday morning. Over the past twelve hours, the deep depression over the Rann of Kutch, India, has steadily migrated west-southwest and is currently located around 270 km east/southeast of Karachi at latitude 23.7 N and longitude 69.5 E.By late Friday morning or late Saturday night, the system is probably going to shift west/southwest and emerge along the coast of Sindh into the northeast Arabian Sea.…
Islamabad, Aug 29: Since 2023, the Special Investment Facilitation Council (SIFC) has made significant strides toward removing structural impediments to the nation’s economic expansion and encouraging investment in a range of industries. In a press release released on Thursday, the SIFC Secretariat stated that the council, working with restricted resources, convened ten meetings of the SIFC Apex Committee, ten meetings of its Executive Committee, five meetings of the Implementation Committee, three meetings of the Special Apex Committee, three meetings of the Special Executive Committee, and more than 300 meetings of Working Groups. These efforts resulted in significant progress in a…
Islamabad, Aug 29: US Vice President Kamala Harris, who has been the Democratic standard-bearer, will have her first interview on Thursday. Republicans have been very critical of her, claiming that she has been dodging difficult questions. During a campaign tour to Georgia, Harris and her running partner Tim Walz will speak with CNN. This will be a significant test of the excitement around her campaign in the final ten weeks leading up to election day. The spokesperson for Donald Trump criticized her for not conducting the interview alone and charged that she was using the vivacious governor of Minnesota, Scott…
