Islamabad, Aug 21: The Pakistan Stock Exchange’s (PSX) 100-Index saw a positive movement of 0.66 percent on Wednesday, turning around to reflect a bullish trend. It closed at 78,260.86 points, down from 77,745.52 points on the previous working day. In comparison to the 380,717,441 shares exchanged the day before, a total of 552,564,507 shares were moved during the day. The price of the shares was Rs 14.590 billion as opposed to Rs 11.237 billion on the previous trading day. A total of 453 firms traded their shares on the stock market; 289 of those companies saw gains, 119 saw losses,…
Author: Iqra Khan
Islamabad, Aug 21: A committee headed by Shandana Gulzar, a member of the National Assembly, has been established by the Peshawar District Administration to resolve the issues causing the Peshawar-Torkham Expressway project to be delayed. Within 72 hours, the committee is supposed to turn in its report, sources said on August 20. According to the specifications, the expressway is a four-lane, 47-kilometer project that will cost USD 460 million in total. The World Bank is contributing USD 360 million, and the government of Khyber Pakhtunkhwa is covering the remaining costs. The project will link Pakistan to the Central Asian Republics…
Islamabad, Aug 21: During a raid here on Wednesday, the district administration shuttered five under-construction buildings. A team led by Assistant Commissioner City Abdul Sami Sheikh Jhelum began a targeted operation against encroachments. The official fined the violators heavily and shut five under-construction buildings for utilizing the roadways with building materials.
Islamabad, Aug 21: In order to access the global market by adhering to international standards, investors from the UAE have expressed a strong interest in establishing joint ventures with the Pakistan Furniture Council (PFC). A communication from the UAE was received here on Wednesday, stating that a delegation headed by PFC Mian Kashif Ashfaq, the CEO, was visiting the Gulf states and meeting with their counterparts. According to him, the partnership between the PFC and the UAE investors was viewed as a calculated step to take advantage of the expanding demand for premium furniture globally, especially in export markets. Pakistan’s…
Islamabad, Aug 21: According to the chairman of the Wireless & Internet Service Providers Association of Pakistan (WISPAP), businesses and the general public are confused by the continuous drama surrounding internet outages in Pakistan. Major General (R) Hafeez Ur Rehman, Chairman of the Pakistan Telecommunication Authority (PTA), stated in a statement on Wednesday that the recent claim that the current internet problems are caused by a fault in the submarine cable is merely the most recent development in a story that has never been entirely clear. The authorities have been sending out mixed signals for weeks about what exactly is…
Islamabad, Aug 21: The United Nations General Assembly has announced a provisional list of speakers for its annual General Debate, and Prime Minister Shehbaz Sharif is scheduled to appear on September 26. The 79th session of the 193-member Assembly will feature a high-level debate from September 24 to 30. Prime Minister Sharif last spoke before the UN General Assembly in 2022. This will be his second speech to the body that sets international policy. As of right now, over 130 international leaders have confirmed that they will be attending the debate, according to UN General Assembly spokesman Monica Greylay. Issues…
Islamabad, Aug 21: Unexpected barriers prevented four Chinese cyclists on a tour of Pakistan and Afghanistan from entering Khyber Pakhtunkhwa (KP). At the Punjab-KP boundary, the group was stopped and told to proceed to the Attock Khurd checkpost. Senior authorities from Punjab and KP attempted to resolve the matter, but were unable in allowing the riders to enter KP and were returned to Punjab.The lack of a no objection certificate (NOC), which is required for foreign visitors in some areas, was the main cause of the denial. The bicycles were stopped while traveling from Punjab to Nowshera and Peshawar. Khyber…
Islamabad, Aug 21: Asif Shirazi, the country director of Islamic Relief Pakistan, and Muhammad Ali Randhawa, the chairman of the Capital Development Authority (CDA), met on Wednesday to talk about how they could work together to combat climate change and build Islamabad.Randhawa commended Islamic Relief for its contributions, especially its environmental projects, to Pakistan’s progress since 1992.He emphasized CDA’s planting campaigns, particularly in Margalla Hills, and the creation of the Climate Change Fund to save the environment in Islamabad. The meeting’s main topic was combating climate change, and topics covered included efforts to supply Islamabad’s expanding water needs.While Islamic Relief…
Islamabad, Aug 21: Pakistan’s Climate Crossroads: Private Sector Solutions to Pakistan’s Climate Challenges is an enlightening paper released by the Overseas Investors Chamber of Commerce and Industry (OICCI). OICCI President Rehan Shaikh said in response to the report, “Business growth can no longer come at the expense of the environment, given the climate vulnerabilities threatening Pakistan.” The green transition should be viewed as a means of generating new employment opportunities and means of subsistence, and profits on private sector investments should be connected to sustainability. The study highlights the important components of Pakistan’s climate policy, such as the country’s action…
Islamabad, Aug 21: The federal government has established a high-level committee made up of important federal ministers to negotiate the rescheduling of a $15 billion energy debt owed to China. The Secretary of Finance Division, the Minister of Energy, the Minister of Finance, and the Minister of Economic Affairs are members of the committee. Additionally, a subcommittee was established, including of bank representatives, Chinese delegates, and representatives from the Private Power and Infrastructure Board (PPIB) and the Central Power Purchasing Agency (CPPA). Within four weeks, this subcommittee is expected to produce recommendations for the debt rescheduling of Chinese energy projects.…
