Islamabad, Aug 29: Agha Steel Industries Limited (PSX: AGHA) declared on Thursday that it has received a plan from the Fauji Foundation to purchase shares and control of the business above the limits set forth in Section 111 of the Securities Act of 2015. The company said in a notification to the Pakistan Stock Exchange (PSX) on Thursday that the Board of Directors of the Target Company has been informed of its intention as of August 29, 2024. In compliance with the terms of the Act and the Regulations, the Fauji Foundation has designated Integrated Equities Limited (IEL) as Manager…
Author: Iqra Khan
Islamabad, Aug 29: Younis Khan, the former captain of Pakistani cricket, has encouraged Jay Shah, the recently appointed chairman of the International Cricket Council (ICC), to show true sportsmanship by guaranteeing India’s participation in the 2025 Champions Trophy, which is scheduled to take place in Pakistan. Younis greeted Shah cordially and expressed hope that his leadership would bring in a new era for the sport on a worldwide scale. Younis underscored the need of reciprocal esteem and collaboration among cricketing nations. “Cricket has a real chance to flourish with Jay Shah at the helm,” he said.It is imperative that the…
Islamabad, Aug 29: The Punjab government has chosen to create new medical and dental colleges using a public-private partnership (PPP) model. This effort will be overseen by a committee of four people, chaired by Dr. Javed Akram, the former minister of health.Professor Ahsan Waheed Rathore, vice chancellor of the University of Health Sciences (UHS); Professor Zahra Khanum, principal of SIMS; and Professor Al Farid Zafar, principal of General Hospital, are members of the committee. This move is a reaction to Punjab’s unrestrained recent growth in the number of private medical and dental colleges.The province’s forty private medical colleges were founded…
Islamabad, Aug 29: Gold prices in Pakistan experienced a modest decline following a remarkable run that saw it reach consecutive record highs. 24 carat gold was sold for Rs. 261,500 per tola on Thursday, down Rs. 2,200 from the previous trading day’s sale price of Rs. 263,700. According to the All Sindh Sarafa Jewellers Association, the price of 10 grams of 24 karat gold dropped by Rs. 1,886 to Rs. 224,194 from Rs. 226,080, while the price of 10 grams of 22 carat gold dropped to Rs. 205,511 from Rs. 207,240. The price of ten grams of silver and each…
Islamabad, Aug 29: The Al-powered platform from Symmetry Group Limited (PSX: SYM), which specializes in producing customized video messages, has officially launched. The company claimed in a notice to the Pakistan Stock Exchange (PSX) on Thursday that the in-house platform, called Vidfy, specializes in producing customized video messages that enable businesses, brands, content creators, and influencers to engage varied audiences efficiently. According to the corporation, this launch is a big step toward using Al-driven solutions to influence how tailored digital communication is shaped going forward. With the generative Al industry predicted to reach a valuation of over $110 billion by…
Islamabad, Aug 29: Samsung is eschewing the conventional nomenclature for its next foldable smartphone in favor of a more unique moniker. Renowned leaker Evan Blass claims that the smartphone will officially be called as the Galaxy Z Fold Special Edition, despite earlier rumors including names like Galaxy Z Fold Slim, Galaxy Z Fold 6 Slim, Galaxy Z Fold Ultra, and Galaxy Z Fold 6 Ultra. Blass is renowned for his trustworthy cyber disclosures. Blass also discussed the size of the device’s screen. According to him, the Galaxy Z Fold Special Edition will have an enormous 8-inch inner display and a…
Islamabad, Aug 29: The Bank of Punjab’s Board of Directors met to discuss and approve the unaudited Financial Statements for the first half of the year that ended on June 30, 2024. The Board examined the Bank’s performance in the first half of 2024 in comparison to the strategic business plan during the meeting, and they expressed gratitude to BOP Management for their efforts in demonstrating a notable 80% increase in profit before taxes and a notable improvement in all areas of the Bank’s operations. The bank’s pre-tax profit for the first half of 2024 was Rs. 7.05 billion, a…
Islamabad, Aug 28: From 2018 to 2023, Pakistan saw a 32% compound annual growth rate (CAGR) in the number of native apps downloaded globally. Globally, Pakistani-developed apps were downloaded 1.6 billion times in 2023. Google has introduced new initiatives including Google Ads Academy and Game Design Masterclass in several major cities as part of its ongoing commitment to closely support Pakistan’s gaming and app industries. Nearly 350 of Pakistan’s best developers attended Google’s Think Apps 2024 in Lahore, which was organized by the company and brought together regional and international industry leaders and experts. This year’s Think Apps, the biggest…
Islamabad, Aug 28: The government made a dismal start and got just $436.4 million in foreign assistance and grants in July, nearly 85 percent less than the same month the previous year, pending confirmation of the $7 billion bailout by the IMF’s executive board. The $426 million in foreign loans and $10.5 million in grants in the first month of the current fiscal year seems nonsensical when compared to the enormous $19.4 billion target for foreign assistance set for FY25 which is even larger than the $17.4 billion objective from the previous year that was missed by $7.6 billion. Pakistan…
Islamabad, Aug 28: Gujranwala: The CEO of ARY Laguna and the Administrator of the Defence Housing Authority (DHA) made an official visit to the project site, which was a noteworthy development for the ARY Laguna project. This post, which was made public on August 24 on DHA Gujranwala’s official Facebook page, featured a video of the officials receiving an update on the project and a prayer for its success. The visit was made in order to supervise the continuing infrastructure development at the ARY Laguna site, according to the Facebook post. Nevertheless, there was no footage of any working construction…
