Islamabad, Aug 7: At the extraordinary general meeting on August 27, 2024, Dewan Farooque Motors Limited (PSX: DFML) is expected to approve the conversion of outstanding loans from Sponsor and Associated Company Dewan Motors (Private) Limited into equity. According to DFML’s announcement to the main market on Wednesday, the conversions would necessitate the further issuing of shares other than rights to the Sponsor and Associated Company under Section 83 of the Companies Act 2017. In the event that the resolution is approved, the business will issue 161 million common shares at a price of Rs. 10/-each, for a total of…
Author: Iqra Khan
Islamabad, Aug 7: Director Provincial Disaster Management Authority (PDMA), Hamidullah Malik Wednesday assured that all relevant departments, divisional, and district administrations are maintaining close coordination to effectively address emergency situations arising from rain incidents and reconstruction of damaged buildings that pose a danger to the public. Talking to PTV news channel, he said with a proactive approach, the authorities are working together to mitigate the impact of rain-related disasters and ensuring the safety of citizens.The PDMA has already alerted all rescue services, including machinery and personnel from Rescue 1122, to be ready for deployment, adding, the authority has urged citizens…
Islamabad, Aug 7: Prime Minister Muhammad Shehbaz Sharif on Wednesday launched the countrywide monsoon tree plantation drive by planting a sapling here. Speaking on the occasion, the prime minister said he had directed the concerned departments and institutions to plant at least 100 million saplings across the country including Gilgit Baltistan and Azad Jammu and Kashmir (AJ&K) to save the country from the impacts of climate change that badly hit the country in 2022. He said the tree plantation would also help reducing air pollution. The prime minister directed the relevant authorities in the federal and provincial governments to play…
Islamabad, Aug 7: Monal Restaurant, a cherished culinary gem in Islamabad, has announced its closure following a recent Supreme Court directive. The restaurant, renowned for its breathtaking views of the city and its diverse menu, will cease operations on September 11, 2024. Founded in 2006, Monal quickly became a symbol of hospitality and a beacon for showcasing Pakistan’s rich cultural heritage. Its scenic location on the Margalla Hills offered patrons not just a meal, but an experience of Islamabad’s skyline. Over the years, it earned a special place in the hearts of both locals and visitors, serving as a backdrop…
Islamabad, Aug 7: Director of the Laboratory and National Environmental Quality Standards (NEQS) at the Pakistan Environmental Protection Agency (Pak EPA), Ministry of Climate Change Dr. Zaigham Abbas emphasized public for reducing plastic use to promote a healthier ecosystem and issued a stern warning to those violating the ban on single-use plastic bags in Islamabad. Dr. Zaigham Abbas talking in a Radio Pakistan’s program sounded the alarm that plastic addiction is pushing us to the brink of ecological disaster where we must declare a war on plastic waste and need to take immediate action to reduce its use, and safeguard our…
Islamabad, Aug 7: Federal Minister for Power Awais Leghari has stated that for the next two months, new power incentive packages will be introduced by the federal government.Two of the programs, the “Winter Months Package” and the “All Year Incentivized Package,” are designed to increase industrial energy usage and alleviate existing power shortages. In an effort to improve industrial efficiency, the government is also looking at how much electricity is consumed at night in order to offer lower prices during off-peak hours. Notably, Rs. 60 billion has been set aside for automated transformers, which would enable selective shutdowns rather than…
Islamabad, Aug 7: Foreign Office spokesperson Mumtaz Zahra Baloch responded to questions about media reports of a possible Pakistani national’s involvement in an abortive assassination attempt in the United States by saying they were in contact with the Washington authorities and awaiting more information. Mumtaz Zahra Baloch, a FO spokesperson, stated in a statement: “We have noticed the media reports. We are awaiting more information and are in contact with US authorities.The spokeswoman stated that they had taken note of US officials’ claims that the probe is still ongoing. “We also need to be certain of the individual in question’s…
Islamabad, Aug 7: Sheikh Hasina once stated, pointing to the IGP, “They [the police] are doing well.” Then, the IGP stated, “Even the police will be unable to maintain such a strict stance going forward due to the current state of affairs.” The senior officials made an effort to convey to her that using force to control the situation would no longer be feasible. Sheikh Hasina, though, would not have it. Then, in a different room, the officials talked with Sheikh Rehana. They gave her an explanation of the circumstances and urged her to persuade Sheikh Hasina. Then Sheikh Rehana…
Islamabad, Aug 6: Chief Justice of Pakistan Justice Qazi Faez Isa and his family has announced to celebrate the 77th Independence Day of Pakistan by gifting 31,680 square feet of land from his ancestral property to Balochistan government for establishment of an Environmental Centre. A letter, duly signed by the chief justice of Pakistan and his family member Qazi Azmat Isa, reads as “We own land measuring 31,680 square feet which lies adjacent to the Quaid-e-Azam’s Residency in Ziarat (‘the Land) which we want to donate free of charge for public purpose and use as an environmental centre, which would…
Islamabad, Aug 6: The inflow of remittances under Roshan Digital Account (RDA) has risen to US $8.255 billion by the end of June 2024 as compared to US $8.055 billion by May (2024) end, according to the latest data released by the State Bank of Pakistan (SBP). The data showed that the inflows of remittances during June were recorded at US$ 200 million as compared to US$ 225 million in May and US$ 171 million in April 2024.These accounts provide innovative banking solutions to millions of Non-Resident Pakistanis (NRPs), including Non-Resident Pakistan Origin Card (POC) holders, seeking to undertake banking,…
