In interbank trade on Tuesday, the value of the Pakistani Rupee fell by 3 paisa in relation to the US dollar, finishing at Rs 278.37 as opposed to Rs 278.34 the day before.On the other hand, the open market dollar purchasing and selling rates were, according to the Forex Association of Pakistan (FAP), Rs 277.7 and Rs 280.55, respectively. The State Bank of Pakistan (SBP) reports that the price of the Euro rose by 73 paisa to close at Rs 298.39, up from Rs 297.68 the previous day.The British Pound saw a reduction of 47 paisa in exchange rates, closing…
Author: Iqra Khan
Government College Women University Faisalabad (GCWUF) conducted a successful Self-Review of Institutional Performance and Enhancement (RIPE) to evaluate university performance in different categories. Directorate of Quality Enhancement Cell (QEC) organized the RIPE while Mr. Muhammad Waseem, Director QEC from the National College of Arts (NCA) Lahore, served as the external evaluator. The internal review panel included Dr. Aasma Khalid, Mr. Asif A. Malik, Mr. Muhammad Tariq Shahzad, Dr. Nausheen Syed, Dr. Sadia Asim, and a Lead Student Representative.The evaluation focused on sixteen standards across three main categories including Strategic Development, Academic Development, and Institutional Development. The panel reviewed each standard…
More than 14,000 customers of Faisalabad Electric Supply Company (FESCO) received updated electricity bills for June. Speaking here on Tuesday, FESCO spokesman Tahir Sheikh stated that while meter readers took readings in Badges Nos. 11 and 12 over the Eid holidays, customers were not happy with the results because they do not qualify as protected consumers. As a result, FESCO Engineer Muhammad Amir, the CEO, brought up this matter with PITC, and the business handed them updated invoices. He claimed that although the updated electricity invoices were also available at the revenue officers’ office, they had been uploaded to the…
Maryam Nawaz Sharif, the chief minister of Punjab, stressed the vital role that sports journalists play in encouraging youth participation in sports. “They bring us excitement of the game,” she remarked in her tribute on World Sports Journalists Day. The chief minister agreed that sports journalists in Punjab, particularly in Lahore, do excellent reporting. She also mentioned that the coverage of the first Pink Games for Punjabi women’s athletes was greatly enhanced by sports media. CM Maryam Nawaz Sharif stated that sports journalists covered sports in a positive light through their reporting and analysis, noting that they not only offered…
Pakistan has told the UN General Assembly that the idea of “responsibility to protect,” or R2P, which was used to justify some interventions, had failed to prevent genocide where it actually occurred, like in the ongoing Israeli war in Gaza. Pakistan asserts that the State itself has the primary responsibility to defend vulnerable populations. Ambassador Munir Akram cautioned the 193-member Assembly during a debate on the duty to protect against and prevent genocide, war crimes, ethnic cleansing, and crimes against humanity. He said that 900,000 Indian troops stationed in Indian-occupied Kashmir were carrying out heinous atrocities in an attempt to…
The 8th China-Eurasia Expo opened on June 25–30, and Pakistan’s ambassador to China, Khalil Hashmi, traveled to Urumqi and Kashgar, in the Xinjiang Uygur Autonomous Region of China, to attend the opening ceremony and have bilateral talks with the region’s economic and political elite. Since taking office, this was the ambassador’s first bilateral trip to Xinjiang. Ambassador Hashmi met one-on-one with Xinjiang Governor/Chairman Erkin Tuniyaz in Urumqi.The importance of Xinjiang’s function as the nation’s main route connecting China and Pakistan was reiterated by both parties. After giving the Governor an update on Pakistan’s efforts to draw Chinese investment into thirteen…
The Islamabad-Lahore Motorway (M2) in the salt range region will now have a safer detour, according to a decision made by the National Highway Authority (NHA). The motorway’s slowest and riskiest stretch is reputed to be this one. A feasibility assessment for the project was approved by the Departmental Development Working Party during a recent meeting chaired by Secretary Communications Ali Sher Mehsud. NHA is currently looking for a respectable consulting company to revise the feasibility assessment and create a thorough realignment strategy. One of Pakistan’s most important motorway connections is the 1997 completion of the Islamabad-Lahore Motorway. But the…
The Daewoo Bus Terminal in Peshawar has been sealed by the provincial government of Khyber Pakhtunkhwa, in coordination with the District Administration Peshawar and the Regional Transport Authority (RTA). This move was made on Monday in reaction to the transport company’s neglect to replace aging buses that are used on routes in the southern parts of the province. The choice was made in accordance with the government’s stringent orders to modernize the outdated fleet. Authorities served Daewoo Express a notice requesting that these outdated buses be replaced after observing their ongoing use. In a coordinated effort, officials placed concrete obstacles…
The disclosure of loans awarded to women and women-owned/managed firms in annual financial statements is a directive issued by the State Bank of Pakistan (SBP) to all banks and development finance institutions. The central bank published a circular on Monday that stated that this regulation would take effect with the accounting year that ends on December 31, 2024.There is a new table under Note 9’s sub-notes 9.2.1 & 9.2.2 titled “Advances to Women, Women-owned and Managed Enterprises” that lists the advancements made by women-owned and managed businesses.
One of the most well-known and recently established Islamic digital banks in Pakistan, Raqami Islamic Digital Bank, has chosen RiskNucleus®, a proprietary solution from BenchMatrix, as its anti-money laundering (AML) transaction monitoring system. With this decision, Raqami will be able to use cutting-edge automation and technology to detect financial crimes with greater intelligence. BenchMatrix’s Transaction Monitoring solution is a feature-rich and resilient platform that is intended to track and identify digital, financial, and non-financial transactions that come from dubious sources and involve several currencies. It can also be used to monitor anomalies in behavior and transactions from newly opened accounts.…
