ISLAMABAD, JULY19: A large portion of Pakistan’s cropland was ravaged by historic floods in 2022, causing farmers to suffer significant financial losses. Since commercial insurance is incompatible with Islamic beliefs, farmers have shunned it. Conventional insurance contracts frequently include interest, which is forbidden in Islam to stop the practice of exploitation. Here’s takaful insurance, an Islamic financial instrument that’s becoming popular among farmers (source: Bloomberg). Through contributions to a pool that balances each other’s losses, members in takaful operate on a mutual cooperation basis. After expenditures and service fees, participants may receive a refund of any surplus. This concept is…
Author: Iqra Khan
ISLAMABAD, JULY 19: Coordinator to the Prime Minister on Climate Change and Environmental Coordination Romina Khurshid Alam lauded the UK’s support for Pakistan’s Climate action as the Ministry of Climate Change and Environmental Coordination and government of United Kingdom have agreed to enhance collaboration to address climate change and environmental issues in Pakistan. The agreement was reached during a meeting between Coordinator to the Prime Minister on Climate Change, Romina Khurshid Alam, and a UK HIgh Commission,delegation met her led by Development Director, Jo Moire, on Friday, a news release said.She said this collaboration marks a significant step forward in…
ISLAMABAD, JULY19: The price of per tola of 24 karat gold decreased by Rs.3,000 and was sold at Rs.251,000 on Friday against its sale at Rs.254,000 on last trading day. The price of 10 grams of 24 karat gold also decreased by Rs.2,572 to Rs.215,192 from Rs. 217,764 whereas that of 10 gram 22 karat gold went down to Rs.197,259 from Rs. 199,617, the All Sindh Sarafa Jewellers Association reported. The price of per tola silver decreased by Rs.50 to Rs.2,850 whereas that of ten gram silver went down by Rs.42.87 to Rs.2,443.41.The price of gold in the international market…
ISLAMABAD, JULY19: A 10-member delegation from the Sialkot Chamber of Commerce and Industry (SCCI) has been visiting Tokyo, Japan, from July 17 to 22, aiming to strengthen trade ties and foster mutual cooperation between Pakistan and Japan. The Embassy of Pakistan, in collaboration with the Japan Chamber of Commerce and Industry, SMRJ, and JETRO, organized a networking event.Ambassador Raza Bashir Tarar welcomed the participants and encouraged them to explore Sialkot and Pakistan as potential trade partners. The Vice President of SCCI also addressed the attendees, highlighting Sialkot as the industrial hub of Pakistan.During this event, Japanese businesses had the opportunity…
ISLAMABAD, JULY19: The U.S Embassy in Islamabad on Friday held a graduation celebration for 100 women in the fifth cohort of the Academy for Women Entrepreneurs (AWE). Since 2020, the AWE has mentored over 330 Pakistani women to establish and scale up their businesses.Ambassador Donald Blome delivered inspiring remarks at the ceremony, congratulating the graduates and highlighting the importance of entrepreneurship in fostering economic growth and stability, says the press release. “The United States is strongly committed to advancing Pakistan’s inclusive economic transformation and women play a vital and growing role in that process,” said Ambassador Blome. “AWE remains a relevant…
ISLAMABAD, JULY19: The closing ceremony for the Overseas Training of Pakistani Trainees of Shandong Zhongyang Group was held at Longping Hall, Qiushi Building, Binhai Campus of Liaoning Petrochemical College (LNPC). Wang Xianhong, General Manager of the International Petrochemical Industry Park of Shandong Zhongyang Group; Zhang Zhenguo, Vice President of TANG International Education Group; Muhammad Bilal Tahir, Deputy Dean of the Natural and Applied Science School of Khwaja Fareed University of Engineering and Information Technology; Fu Haihua, Chief Engineer of Jinzhou Fenghan Industrial Co., Ltd.; Yu Zhongdang, Deputy Secretary of the Party Committee and President of LNPC; Yu Li, Secretary of…
ISLAMABAD, JULY19: Several internet service providers were reporting outages on the Pakistan Telecommunication Authority’s (PTA) official website. The regulator’s website has been displaying an error message that reads “Attack ID: 20000001” and “The page cannot be displayed” for the last hour. Kindly get in touch with the administrator if you need more details.A few users have mentioned that when using a VPN, the website functions as intended. After being restricted, the website is currently back online and operating as usual.
ISLAMABAD, JULY19: A dominant opening performance, the Pakistan Shaheens began their four-day encounter against Bangladesh A today. Their captain, Mohammad Huraira, scored an incredible century without losing. After being asked to bat first in the Darwin match, Pakistan Shaheens established a strong platform on the first day of play. Mohammad Huraira and Sahibzada Farhan, the openers, partnered brilliantly for 134 runs. Before losing to Ripon Mondol, captain Sahibzada Farhan scored 66 runs off of 83 deliveries and struck ten boundaries. Mohammad Huraira, who scored an astounding 161 from 203 deliveries with 18 fours and 1 six, took the Pakistan Shaheens…
ISLAMABAD, JULY19: The International Cricket Council (ICC) has reportedly lost over USD 20 million as a result of hosting the T20 World Cup 2024 matches in the United States.This huge financial loss is anticipated to be a hot topic of conversation during the ICC Annual Conference, which gets underway in Colombo this Friday. Although the matter is not explicitly listed in the Annual General Meeting’s (AGM) nine-point agenda, it will be covered in a “post-event report.” The defeats are a result of a number of issues related to holding part of the tournament in the United States, including the much…
ISLAMABAD, JULY19: Reassessing its long-term student visa program, Canada is signaling a change in direction toward slower immigration and population growth. The need for this policy shift stems from growing living expenses, a housing scarcity, and pressure on unemployment. Immigration Minister Marc Miller reportedly told Bloomberg that in order to match immigration with labor market demands, the federal government is working with the provinces. Miller emphasized that although universities and colleges have historically been Canada’s main source of talented, working-age immigrants, study visas should not be used as a guarantee of permanent residence or citizenship. He declared, “People should come…
