Islamabad, Sep 11: Chairman of Asia Pak Investment Shehryar declared that one of the Independent Power Producers had lowered its electricity rates. This was disclosed on Wednesday in Karachi at a news briefing. According to Shehryar Chishti, the reason for the price reduction is because customers are finding it difficult to pay for electricity. He said that the nation’s power crisis has gotten worse and that lower electricity costs are necessary. Shehryar Chishti highlighted the need for energy rates to be reduced for the sake of consumer affordability and national wellbeing. He made the point that all IPPs had lowered…
Author: Iqra Khan
Islamabad, Sep 11: According to a person familiar with the situation, a top Nippon Steel executive is scheduled to meet with senior US authorities on Wednesday in an attempt to salvage the company’s $14.9 billion bid for US Steel. Along with other officials, the meeting is expected to include Takahiro Mori, one of the deal’s main negotiators, Treasury Deputy Secretary Wally Adeyemo, and Commerce Deputy Secretary Don Graves, the person said, declining to be identified because he was not authorized to speak about the subject. Both Nippon Steel and the Treasury Department, which is in charge of the US Committee…
Islamabad, Sep 11: The nation’s father, Quaid-e-Azam Muhammad Ali Jinnah, celebrated his 76th birthday with the appropriate solemnity and a commitment to upholding his ideals of “unity, faith, and discipline.” Special prayers were said in mosques and other places of worship at the crack of dawn for the departed soul’s ultimate rest as well as for the nation’s peace and prosperity.The All-India Muslim League was led by Quaid-e-Azam Muhammad Ali Jinnah from 1913 until August 14, 1947, when Pakistan was established. He died on September 11, 1948, not long after the country gained its independence.Today, Radio Pakistan and Pakistan Television…
Islamabad, Sep 11: The provincial capital of this area continued to have partly cloudy, hot, and humid weather on Wednesday, with similar weather conditions predicted by the meteorological department for the following day. Most of the country was experiencing continental air, according to weather experts. They forecasted that much of the country would see hot, dry weather.Certain cities in Khyber-Pakhtunkhwa, Punjab, Balochistan, Kashmir, and Gilgit-Baltistan reported rainfall. On Wednesday, the greatest temperature recorded was 45°C at Turbat, while the minimum and maximum temperatures in Lahore were 25.5°C and 35.5°C, respectively.
Islamabad, Sep 11: Microsoft released an urgent alert about a serious flaw in Windows Update. The massive tech company issued a warning, claiming that hostile actors are using this vulnerability to undo security updates on particular iterations of its extensively used operating system. Officially known as CVE-2024-43491, the vulnerability has been rated as critical with a near-maximum CVSS severity score of 9.8 out of 10. Microsoft has acknowledged that actual attackers are already taking advantage of this security flaw. Notably, specific details regarding the nature of these exploits have been concealed by the company. There have been no indicators of…
Islamabad, Sep 11: The Economic Coordination Committee met today under the direction of Muhammad Aurangzeb, the federal minister of finance and revenue.The Pakistan Central Cotton Committee (PCCC) requested a loan of Rs. 656 million from the Ministry of National Food Security and Research so that the organization could pay salaries and pensions to its workers. The ECC approved the Ministry of Communications and the National Highway Authority to move forward with the procurement of civil works in accordance with Public Procurement Rule-5 after reviewing a summary from the Ministry of Communications regarding the “Kalkatak-Chitral 48 km (Section-III) Road Project (N-45)…
Islamabad, Sep 11: Mobilink Bank, the top digital microfinance bank in Pakistan, and Mercurial Minds (M.M.), a top supplier of intelligent automation solutions, have established a strategic alliance. As Mobilink Bank works to improve customer experiences, increase operational efficiency, and maintain its position as a leader in the microfinance industry, this partnership represents a critical turning point in the bank’s digital transformation. As a member of the VEON group, a worldwide digital operator, Mobilink Bank serves close to 160 million users in six vibrant markets that account for 7% of the world’s population. These customers receive integrated connectivity and digital…
Islamabad, Sep 11: The Pakistan Stock Exchange’s (PSX) 100-Index saw a bearish trend on Wednesday, closing at 78,651.80 points as opposed to 79,286.74 points on the previous working day, a negative move of 0.80 percent. The number of shares traded throughout the day was 532,732,689, down from 509,490,385 the day before. The price of the shares was Rs 14.735 billion, down from Rs 13.763 billion on the previous trading day. Ten firms saw their share price remain steady while 333 companies traded their shares on the stock market, with 114 reporting gains and 209 reporting losses. With 80,930,490 shares trading…
Islamabad, Sep 11: A high-level delegation of Chinese businesspeople has expressed a strong desire to relocate Chinese enterprises to Pakistan and engage in significant economic areas of the country. The four well-known Chinese business groups that make up the delegation gave this statement today when they visited the Special Investment Facilitation Council in Islamabad. Potential investment prospects in high-priority areas such as energy, mining, tourism, industry, livestock, agriculture, and information technology were reported to the delegation. The group was also briefed on the key aspects of Pakistan’s industrial development as well as the policy-level actions implemented by SIFC to enhance…
Islamabad, Sep 11: The Competition Commission of Pakistan (CCP), in collaboration with the British Council, conducted an interactive session on Competition Law for UK Alumni based in Karachi. The session attracted a diverse group of participants, representing various sectors including healthcare, pharmaceuticals, IT consulting, logistics, energy, agriculture, legal services, real estate, banking, academia, non-profit organizations, and public sector. This interaction aimed to enhance understanding of Competition Law among participants by offering direct engagement with the CCP senior official and get insights into Pakistan’s Competition Law. The session included brief videos on the core components of the Competition Law, a comprehensive…
