Islamabad, Aug 26: In comparison to one million commercially imported mobile devices, 18.95 million were made and assembled locally in the first seven months of 2024 (January through July). According to official figures, 1.61 million mobile devices were produced or assembled domestically in July, as opposed to 0.16 million that were commercially imported. 18.95 million mobile phones, including 6.85 million 2G and 12.1 million smartphones, were produced and assembled locally. Furthermore, according to PTA data, 38% of mobile devices on the Pakistan network are 2G, and 62% of mobile devices are smartphones. In July of the current fiscal year 2024–25,…
Author: Iqra Khan
Islamabad, Aug 26: Even though the new academic year began on August 15 with the reopening of schools, the Education Department has not delivered on its promise to provide milk packets to primary school students in government schools throughout Rawalpindi Division. This is a significant setback. Sources within the Education Department revealed that Punjab’s dire financial situation, made worse by the allocation of Rs45 billion for electricity concessions, has resulted in the postponement of the milk distribution program. Originally planned to launch in all primary schools throughout Punjab, the program has now been scaled back. Beginning in mid-September, two isolated…
Islamabad, Aug 25: “Prime Minister of Pakistan Shahbaz Sharif extends felicitation to President of UAE Mohammad Bin Zaid on exponential increase in trade volume of UAE in the first half of 2024”. In his tweet I extend our heartfelt congratulations to my brother, H.H. Sheikh Mohamed Bin Zayed, on UAE posting 11% increase in foreign trade to the tune of 1.39 trillion dirhams ($397 billion) during the first half of 2024. This figure represents an impressive increase in the UAE’s non-oil exports and foreign trade. The UAE’s focus on foreign trade as part of overall economic strategy has been instrumental…
Islamabad, Aug 25: Dr. Khalid Maqbool Siddiqui, the convener of MQM-Pakistan and Federal Minister for Education and Professional Training, stated on Sunday that following the 18th Amendment, Karachi could only host campuses rather than new university structures. The minister was present when the National College of Arts (NCA) and Preston Institute of Management Science and Technology (PIMSAT) signed a Memorandum of Understanding (MoU) agreeing to provide space for the NCA campus to be established. Speaking with reporters following the MoU, he announced that the city would see the establishment of thirteen new campuses. According to Dr. Khalid Maqbool Siddiqui, Karachiites…
Islamabad, Aug 25: At the Iranian Consulate on Sunday, Chaudhry Shafay Hussain, the Punjab Minister for Industry and Commerce, had a meeting with Mehran Mowahidfar, the Iranian Consul General, and a significant number of Iranian investors. Babak Afghani, CEO of Taman Petroleum and Petrochemical Investment Company, led the delegation. Opportunities to enhance bilateral economic cooperation were discussed at the meeting. Speaking to the group, Chaudhry Shafay Hussain, the Minister of Industry and Commerce, expressed his enthusiasm for Iranian investment in several sectors, including the tire industry and LPG. He also assured them that the government would offer all necessary assistance.…
Islamabad, Aug 25: Two well-known Chinese businesses have declared their intention to open facilities in Pakistan; one will operate as a lone enterprise, and the other will collaborate with a local business to produce raw materials for the textile sector. It was anticipated that both businesses would contribute millions of dollars to each project in order to produce inexpensive raw materials for the regional industry. Napa Chemicals and Shao Shing Chemicals have announced plans to invest in Punjab, according to Abdul Rahim Chughtai, the president of the Punjab Dyes and Chemicals Merchants Association and the organizer of the 9th Colour…
Islamabad, Aug 25: In order to further explore bilateral and multilateral cooperation in various economic sectors, Pakistan and Azerbaijan have held a meeting at the latter’s residence on Sunday. During the meeting, issues of mutual interest were deliberated, including bilateral relations and the general situation of the region. Meanwhile, the Deputy Chairman Senate stated that Pakistan cherishes its fraternal relations with Azerbaijan and that more cooperation between the two nations is required in the areas of economic and trade, investment, energy, defense, agriculture, and natural resources. According to the Deputy Chairman of the Senate, removing the current barriers to commerce…
Islamabad, Aug 25: The Bangladesh cricket team defeated the Shan Masood-led Pakistan squad in the Rawalpindi Test, with the latter’s batting order breaking down and failing to muster a respectable total in the second half of the match. Bangladesh was within striking distance of victory as the rest of the batting order collapsed like a “wall of sand,” with the exception of Mohammad Rizwan, who remained steady. Babar Azam went out for 22 while Abdullah Shafiq scored 37 runs. Only 14 runs could be scored by Captain Shan Masood before he was sent back to the pavilion. Pakistan’s problems were…
Islamabad, Aug 25: Pavel Durov, the creator and CEO of the messaging app Telegram and a Russian-French millionaire, was detained on Saturday night at the Bourget airport south of Paris, according to TF1 TV and BFM TV, who cited unnamed sources, According to TF1’s website, Durov was traveling in his private plane. It also stated that he was the subject of a French arrest warrant as part of an initial police probe. According to TF1 and BFM, the police believed that the absence of moderators on Telegram allowed illegal conduct to continue unchecked, and this was the main focus of…
Islamabad, Aug 25: The Provincial Disaster Management Authority’s (PDMA) Director General reports that the possibility of urban floods has put major city administrations on high alert. A strong system set to approach the state tomorrow evening, Punjab is predicted to experience monsoon rains starting today and lasting until August 29. Particularly at risk are Punjabi cities like Lahore, Faisalabad, Rawalpindi, and Gujranwala. Furthermore, the divisions of Dera Ghazi Khan, Multan, and Bahawalpur are at high risk of flash floods. Administrations throughout the province have received an alert advising them to get ready for the possible impact of heavy rains.
