Islamabad, Sep 20: Chief Secretary Sindh Syed Asif Haider Shah stated on September 20 that the Hyderabad Division is presently moving on with 232 highway projects in addition to many other initiatives. He emphasized that the division has 25,610 active schemes in total, of which 15,722 are for road development. Chief Secretary Shah underlined the importance of making effective use of the PKR 950 billion development budget during a meeting held at Shahbaz Hall. He called for increased interdepartmental cooperation and communication to better budget management, voicing worry over project completion delays and insufficient cash allocations. The Secretaries of Finance,…
Author: Iqra Khan
Islamabad, Sep 20: Wafi Energy’s acquisition of shares in Shell Pakistan Limited has been conditionally successful following the public offer’s acceptance period. The Acquirer’s public offer came with an acceptance period that expired on September 19, 2024. The quantity of shares tendered during the acceptance period was over the required level of acceptance for a conditional offer (16,913,525) but below the public offer threshold of 24,162,179, Arif Habib Limited reported to PSX on Friday. According to the filing, all stockholders who have tendered their shares will be considered successful once the necessary paperwork is completed. This news relates to the…
Islamabad, Sep 20: A plan to help the Federal Board of Revenue (FBR) collect up to Rs. 4 trillion in tax revenue during the fiscal year 2024–25 was posted on LinkedIn by the Overseas Investors Chamber of Commerce and Industry (OICCI) on Friday. Globally, tax rates pose a major problem to business owners; Pakistan too has comparable challenges in terms of investment and tax income. Investors are discouraged by the economy’s informality, the way taxes are administered, and the high tax rates. The country’s withholding tax regime, which has over 200 classifications, is excessively complex, according to OICCI analysis. This…
Islamabad, Sep 19: George Steiner, the Swiss ambassador to Pakistan, emphasized on Thursday that his main goal was to improve bilateral trade and economic ties. According to a news release, he remarked at the inauguration ceremony of Swiss homeopathic medications in Pakistan that efforts toward the impact will eventually benefit the people of both countries. Ambassador Steiner emphasized the numerous chances for cooperation in industries like travel, healthcare, and agriculture. Praiseing the fruitful cooperation between Swiss and Pakistani businesses, he conveyed the expectation that more cooperation and investment from Swiss enterprises would follow, taking advantage of Pakistan’s 25 million people…
Islamabad, Sep 19: Pak Suzuki Motor Company Limited and the University of Agriculture, Faisalabad signed a Memorandum of Understanding to collaborate on joint research and development projects pertaining to Biogas Technology and Organic Fertilizers, resource exchanges, information transfer, and student training to foster creativity, advance research, education, community service, and project commercial viability. The Memorandum of Understanding was signed at the Agriculture University Campus in Faisalabad, Pakistan, with the participation of the respective teams from both organizations, as well as Mr. Hiroshi Kawamura, Managing Director of Pak Suzuki, and Prof. Dr. Iqrar Ahmad Khan, SI, the Vice Chancellor. In order…
Islamabad, Sep 19: Pakistan’s first multi-mission satellite, PakSat-MM1, was successfully launched and is now operating, marking a key milestone in the country’s space program. With the launch of this satellite, Pakistan may now offer space-based broadband services, which is a significant advancement in the country’s technological capacity. The statement was made alongside the release of Pakistan’s first National Space Policy by Shaza Fatima, the country’s minister of state for information technology. In this new policy framework, the minister emphasized the vital significance of PakSat-MM1 and its ability to transform connectivity throughout Pakistan, especially in remote and underserved areas. Fatima underlined…
Islamabad, Sep 19: For the next three days, Karachi is expected to be hot and muggy, with temperatures potentially rising above 35°C, as per the Pakistan Meteorological Department (PMD). The city had hot and muggy conditions on Thursday, with a high temperature of 34.5°C, 1.5°C higher than the day before. There were largely clear skies and mild coastal breezes throughout the day. Similar weather is predicted by the PMD for the upcoming days, with humidity levels predicted to rise to between 55% and 65%, making it feel even hotter than it is. There’s no chance of rain in the city…
Islamabad, Sep 19: Leading provider of vocational and technical education, DTI is empowering impoverished areas via the provision of specialized training programs that provide people with the fundamental technical skills they need. These programs are a part of DTI’s larger goal to improve underprivileged populations’ employability and establish sustainable opportunities throughout the region. DTI, an initiative of the Bilquis and Abdul Razak Dawood (BARD) Foundation, has created a number of focused programs intended to close the skills gap for people from economically disadvantaged backgrounds because it recognizes the vital role that technical education plays in economic development. The DTI’s tagline,…
Islamabad, Sep 19: The government of Canada declared on Wednesday that it will tighten the requirements for work permits and further decrease the amount of study permits it grants to international students in an effort to minimize the number of temporary residents living in the nation. This action is part of Prime Minister Justin Trudeau’s Liberal government’s efforts to manage the growing number of temporary residents, including international students and foreign workers. The Liberal government is now trailing in public opinion polls and has recently suffered a significant by-election loss. Due of a federal election that must take place in…
Islamabad, Sep 19: The renowned “Carry Dabba” Suzuki Bolan in Pakistan has reached the end of his journey. Reports that it would be discontinued have been surfacing for a few years now, but it is official now that there won’t be any more Bolans on the road. Following the appearance of a picture of the unfinished car with a placard that said, “Bye Bye Y88V Bolan,” “End of Production and Last Chassis Number 01151691,” the news began to spread on social media. “Yes, it was the last batch,” an official from the company told PakWheels.com in confirmation of the news.…
