Islamabad, Dec 8: Citing intentions to improve and expand the system, Kuwait has temporarily suspended its electronic visa (e-Visa) program for citizens of 53 countries. Travelers who previously used the internet portal to obtain admittance into the nation prior to their arrival would be impacted by this change. These nations are: Germany, Greece, Hong Kong, Hungary, Iceland, Ireland, Italy, Japan, Laos, Latvia, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Monaco, Netherlands, New Zealand, Norway, Poland, Portugal, Romania, San Marino, Serbia, Singapore, Slovakia, Slovenia, South Korea, Spain, Sweden, Switzerland, Turkey, Ukraine, Andorra, Australia, Austria, Belgium, Bhutan, Brunei, Bulgaria, Cambodia, Canada, Croatia, Cyprus, Czech…
Author: Iqra Khan
Islamabad, Dec 8: Profitable profit rates in the current fiscal year, which jumped to above Rs. 3 trillion for the first time in Pakistan, have kept asset management companies (AMCs) in the country drawing in capital from both corporate and private investors. In January 2024, AMCs made a record by touching Rs. 2 trillion in assets. In September 2024, they achieved a milestone of Rs. 3 trillion, and in October 2024, they maintained their value. Profitable yields range from 20 to 25 percent on various funds with low-risk characteristics that draw savings and investment in asset management firms’ funds. In…
Islamabad, Dec 8: Nine important instructions have been prepared by the General Authority for the Care of the Affairs of the Grand Mosque and the Prophet’s Mosque to help female pilgrims ensure a smooth and courteous visit to these sacred locations. An infographic containing the guidelines was posted on the Authority’s official X account, which was formerly known as Twitter. Within the prayer areas, pilgrims who are female are encouraged to adhere to certain customs. These include avoiding sleeping or sitting on the floors, assisting personnel, dressing modestly in Islamic garb, and making sure that prayer rows are properly aligned.…
Islamabad, Dec 8: The Punjab government recently raised Rs. 2.7 billion by holding an open bidding process for 60 properties spread across several districts. Originally, these assets were included in the asset sale plan of the Punjab Privatization Board. However, the Board of Revenue (BoR) took over management of these assets after the board was incorporated into the Colonies Department. Speaking to Dawn under anonymity, a top BoR officer revealed that the portfolio’s original worth was over Rs. 11.5 billion, with 310 properties. Following the merger, 60 of these properties were successfully put up for auction by the BoR in…
Islamabad, Dec 8: Commuters are experiencing severe inconvenience because the Metro Bus Service in Rawalpindi has been suspended once more for maintenance. The service between Faizabad and Saddar Station has been completely suspended. Following a recent six-day closure for track repairs, the public became concerned about frequent disruptions, which led to this most recent one. Locals have expressed their annoyance, pointing to the delayed repair work progress as a persistent issue. Nowadays, a lot of travelers are having trouble finding other forms of transportation. The completion date of the repairs and the resumption of service have not yet been disclosed…
Islamabad, Dec 8: The Pakistani government will permit the admission of vehicles registered in Azerbaijan that are carrying transit and bilateral commerce goods into Pakistan. In accordance with the Azerbaijan-Pakistan Transit Trade Agreement, 2024, the Federal Board of Revenue (FBR) has issued SRO.2016(I)/2024 to notify the draft Azerbaijan-Pakistan Transit Trade Rules 2024 for the processing of transit trade cargo to and from Azerbaijan via the designated ports under the Customs Computerized System. It will cover the cargo that Azerbaijan imports via Karachi, Port Muhammad Bin Qasim, and Gwadar ports as well as the cargo that Azerbaijan exports to other nations…
Islamabad, Dec 7: Senior Judge of the Supreme Court of Pakistan, Justice Mansoor Ali Shah, commended Pakistan’s trailblazing contribution at the recently concluded COP29 in Baku. Speaking as guest of honour during the “Post-COP Reflections from Baku to Pakistan” seminar hosted by the Sustainable Development Policy Institute (SDPI), he congratulated Romina Khurshid Alam, PM’s aide for climate change for leading a historic delegation of judges to the global climate summit. Justice Shah while highlighting that Pakistan was the only country represented by a judiciary-led panel noted that the Global Judges Network also recognized this unprecedented participation, acknowledging the importance of…
Islamabad, Dec 7: A group of enthusiastic students, teachers, and staff from The Teachers School Chakwal embarked on an educational excursion to the Lok Virsa Museum and Pakistan Monument in Islamabad. The trip, organized with the special assistance of the Principal Information Officer (MOIB), aimed to provide students with a unique opportunity to explore and learn about Pakistan’s rich cultural heritage and national history. During their visit to the Lok Virsa Museum, students were fascinated by the diverse exhibits showcasing Pakistan’s traditional crafts, music, and art. They also gained valuable insights into the country’s cultural diversity and the importance of…
Islamabad, Dec 7: The Japan International Cooperation Agency (JICA) proudly commemorates 70 years of its Official Development Assistance (ODA) to Pakistan, a milestone marked by a captivating photo exhibition showcasing the positive impact of various projects across the country. The exhibition, held in the heart of Islamabad, brings together prestigious guests, including government officials, development partners, and key stakeholders, to celebrate this significant achievement.Since Japan initiated ODA in 1954 by receiving trainees from Pakistan, JICA has been committed to fostering sustainable development in Pakistan through diverse initiatives such as education, health, and disaster management, and infrastructure such as road and…
Islamabad, Dec 7: Muhammad Aurangzeb, the federal minister of finance and revenue, stated on Saturday that previous investment was excellent and that new investment was pouring into the nation. According to him, the nation’s economy was headed in the right direction. The Finance Minister told reporters following a meeting with the Overseas Investors Chamber of Commerce and Industry (OICCI) that they discussed the agenda for privatization, taxation, energy, SOEs, and structural changes and that they needed to work with current investors. Importantly, Aurangzeb stated that the administration will only offer policy consistency and structure. He said that these businesses will…
