Islamabad, Sep 13: Due to Eid Milad Un Nabi, the State Bank of Pakistan (SBP) declared on Friday that it will be closed on Tuesday, September 17, 2024. In a circular released today, the central bank stated, “The State Bank of Pakistan will remain closed on September 17, 2024 (Tuesday), being a public holiday on the occasion of Eid Milad-un-Nabi (12th Rabi-ul-Awal, 1446 A.H).” On this day, commercial banks will likewise be closed. In addition to the banking industry, the Pakistan Stock Exchange Limited (PSX) has previously declared that it will be closed on that particular day. The birth of…
Author: Iqra Khan
Islamabad, Sep 13: The Sindh Government Launches Affordable Housing Project for Deserving Citizens called “Sasti Basti,” which aims to provide inexpensive accommodation to underprivileged citizens of the province, according to an ARY News report on Thursday. The plan was introduced at the Human Settlement Authority’s annual budget 29th Governing Body meeting, which was presided over by Advisor to the Chief Minister for Human Settlement Authority, Livestock, and Fisheries, Najmi Alam. Senior officials from Hyderabad and Sukkur, along with MPA representatives Muhammad Yusuf Baloch and Aruba Rabbani, were present at the meeting. The yearly budget was agreed during the meeting, which…
Islamabad, Sep 13: The envoys of Sweden and Belgium presented their diplomatic credentials to President Asif Ali Zardari, during a credential ceremony, held at Aiwan-e-Sadr, today. The President received credentials from the Ambassador-designate of Sweden, Ms Alexandra Berg Von Linde, and the Ambassador-designate of Belgium, Mr Charles-Idesbald Van Der Gracht De Rommerswael, who also held separate meetings with the President. Welcoming the envoys, the President felicitated them on their appointment and expressed the hope that they would play their role in further improving mutually beneficial cooperation with Pakistan. Talking to the Ambassador-designate of Belgium, the President highlighted that Pakistan greatly…
Islamabad, Sep 13: Mohamed Al Hawi, the undersecretary of the Emirates’ Ministry of Investment, and Pakistan’s ambassador to the UAE, Faisal Niaz Tirmizi, had a fruitful discussion on Friday. The seven Memorandums of Understanding (MoUs) that Pakistan and the UAE have signed, which cover a range of industries including energy, agriculture, finance, technology, and infrastructure development, were thoroughly reviewed by both parties at the meeting. They emphasized the concrete advantages these agreements have given to the economies of both nations, while also acknowledging the noteworthy progress that has been made in their implementation. They also mentioned the encouraging momentum created…
Islamabad, Sep 13: In a recent audit report covering the years 2019 to 2023, the Auditor General of Pakistan (AGP) discovered major financial irregularities and unlawful appointments at the University of Engineering and Technology (UET). There are significant disparities in the report, which focuses on the tenure of former vice-chancellor Prof. Dr. Mansoor Sarwar. Based on the results, UET embezzled employee tax deductions totaling Rs166 million. The audit notably calls attention to Dr. Muhammad Mohsin’s illegitimate appointment as the coordinator of the UET Faisalabad Campus and demands the restitution of almost Rs. 7 million. Furthermore, it was decided that Dr.…
Islamabad, Sep 12: One of the top Islamic banks in Pakistan, Faysal Bank Limited (FBL), is happy to announce the extension of its strategic alliance with Mastercard. Faysal Bank and Mastercard Renew Partnership for Faysal Islami Noor Card The Faysal Islami Noor Card is Pakistan’s first Shariah-compliant financial product, and its renewal and expansion will only strengthen its position. This cutting-edge credit card substitute is the first of its type in Pakistan and offers our esteemed clients a wide variety of morally acceptable choices for both short-term and long-term financial needs. Mastercard’s cutting-edge security features, such as fraud detection and…
Islamabad, Sep 12: The Pakistan Telecommunication Authority PTA Blocks 465 Mobile SIM cards that dacoits use in the Katcha regions of Sindh, which include the districts of Shikarpur and Ghotki, according to testimony given to the Senate on Thursday by Ms. Shaza Fatima, the minister of state for information technology and telecommunication. In response to a question posed by Senator Haji Hidayatullah Khan in the House, she stated that the Ministry of Interior, Directorate General of Inter Services Intelligence, and Signals Directorate of General Headquarters had ordered the blocking of cell phones/SIMs, IMEls, and CNICs (Computerized National Identity Cards). According…
DHA Multan and Hashoo Group Joint Development Projects Islamabad, Sep 12: The real estate division of the Hashoo Group, Pearl Real Estate Holdings Pvt. Ltd. (PREH), is happy to announce significant joint development projects with D.H.A. Multan that will revolutionize the commercial and residential development of the area. This strategic alliance ushers in a new age of progress and opportunity for Multan by combining the resources and experience of both parties to create world-class real estate projects. Senior leadership teams from both organizations, as well as the management of DHA Multan and Mr. Murtaza Hashwani, Deputy Chairman & CEO of…
Islamabad, Sep 12: The Punjab Central Business District Development Authority (PCBDDA) had an official visit from a high-level team from the Scotland Chamber of Commerce and Robert Gordon University, which was led by Dr. Jeanette Forbes, OBE, Scotland’s Trade Ambassador to Pakistan. Highlighting the growing interest of international institutions in CBD Punjab’s projects was the delegation, which included Professor Lynn Kilbride, Vice Principal Robert Gordon University Scotland, Dr. Elliot Pirie, Associate Dean for Academic Development and Student Engagement, Director FPCCI Pakistan-UK Business Council Arslan Ijaz Anwer, and Project Manager Taar Consulting Sana Mehwish. Imran Amin, the CEO of CBD Punjab,…
Islamabad, Sep 12: The State Bank of Pakistan’s decision to lower the policy rate by 2% has been hailed by Prime Minister Shehbaz Sharif as a beneficial move for the economy of the nation. He expressed hope that more money will be invested in Pakistan as a result of the interest rate reduction and increased investor confidence. “The policy rate cut is a positive step for our economy. It will boost investor confidence and encourage further investment,” Sharif stated. This adjustment has been made possible by the recent reduction in inflation, and he anticipates that it will continue to decline…
