ISLAMABAD, JULY17: The Pakistan Association of Exhibition Industry (PAEI) is organizing the second Pakistan Investment Summit and Smart Expo, which will take place on November 2, 2024, in Jeddah, Saudi Arabia. The founder chairman of PAEI, and Khurshid Barlas met Senior DG BoI Zulfikar Ali, Director, and Irfan Ullah Khan in their office, along with Fahad Barlas Convener Exhibition. Senior DG BoI Zulfiqar Ali expressed sadness that they would not be attending the conference as well. The DG BoI was notified that Khalid Majeed, the Pakistani consul general in Saudi Arabia, will open the exhibition in May 2024. Delegates from…
Author: Iqra Khan
ISLAMABAD, JULY17: According to Chief Meteorologist Dr. Sardar Sarfraz, Pakistan’s rapidly increasing population is making climate change problems worse. He urged the country to declare a climate emergency and emphasized the critical roles that the public and corporate sectors as well as religious leaders must play in resolving the issue. Speaking at a seminar titled “The Impact of Growing Population on Climate Change,” Dr. Sarfraz was a guest of the Global Awareness and Empowerment Network and the Skills Development Committee of the Karachi Press Club. During the seminar, Saeeda Sheikh, the director of the social welfare department, Mehnaz Rehman, an…
ISLAMABAD, JULY17: The National Emergencies Operation Center (NEOC) of National Disaster Management Authority (NDMA) has issued a glacial lake outburst floods (GLOF) alert for Khyber Pakhtunkhwa and Gilgit-Baltistan (GB). The NEOC has warned of possible GLOF in the mountainous regions of Khyber Pakhtunkhwa (KP) and Gilgit-Baltistan due to rising temperatures and expected heavy rainfall from July 17 to 23, 2024. This may lead to increased water levels in local rivers and streams, landslides, and flash flooding, a news release said. The NDMA has directed the Provincial Disaster Management Authority of Khyber Pakhtunkhwa and the Gilgit-Baltistan Disaster Management Authority to coordinate…
ISLAMABAD, JULY17: Cities in Pakistan are warming by 5–6 degrees, Global weather patterns are greatly impacted by climate change, leading to a variety of disruptions and extreme weather events. The University of Maryland has released a new interactive map that illustrates how climate change is changing our globe and how it will likely get worse as more greenhouse gases are released into the atmosphere. The spatial ecologist at the university, Matthew Fitzpatrick, made the map, which is titled “Future Urban Climates.” It provides an explanation of how cities will feel in 60 years using sophisticated modeling for thousands of cities,…
ISLAMABAD, JULY17: In a bid to transform Pakistan into a global IT hub, the Ministry of Federal Education on the directions of the prime minister, is set to launch a landmark project aimed at equipping school children with cutting-edge skills in emerging technologies. The project, which will establish “Emerging Technology Centres” in 350 schools across Islamabad, AJK, and GB, is part of the government’s strategic planning to strengthen its initiative to make Pakistan a global IT destination, a statement of education ministry said. The centres will serve as conduits for introducing children to emerging technologies such as virtual reality, artificial intelligence,…
ISLAMABAD, JULY17: For the purpose of raising professional standards and safeguarding investors in Pakistan’s financial services industry, the Securities and Exchange Commission of Pakistan (SECP) is implementing a thorough obligatory certification program. A working paper published by the SECP for stakeholders states that as of right now, a number of financial services industry operations, including as those in the insurance, securities, and NBFC sectors, require obligatory certification. These regulations, which lack a consistent methodology, have been imposed via a number of circulars issued under the corresponding statutes. These requirements will be combined into a single, comprehensive framework that will govern…
ISLAMABAD, JULY17: The business community in Lahore and Peshawar has addressed Prime Minister Shehbaz Sharif on a number of anti-business policies enacted under the Finance Act 2024, such as the contentious SRO 350(I)/2024 issued by the Federal Board of Revenue (FBR) that will negatively impact compliant businesses. The Prime Minister has been asked by the chambers of Lahore and KP to examine SRO 350(I)/2024 and certain unfavorable provisions of the Finance Act 2024.The PM was informed by the business community in KP and Lahore that the Pakistani business community faces complex and multifaceted economic issues. As the business community’s representative,…
ISLAMABAD, JULY17: A concerning report regarding Pakistan’s current political instability that may impede economic recovery was provided by the American credit rating firm Fitch. Fitch Business Monitor International emphasized the essential nature of Pakistan’s economic recovery in its most recent Country Risk Report, noting that political unrest will have an impact on economic activity, the political climate is unstable and former prime minister and founder of the Pakistan Tehreek-e-Insaaf (PTI), Imran Khan, is set to stay in prison despite judicial triumphs. It stated that there are no urgent plans for new elections and that the coalition government led by the…
ISLAMABAD, JULY17: The Mustafa (Peace Be Upon Him) Science and Technology Foundation (MSTF) and COMSTECH have announced the Young Scientists’ Fellowship Program (YSFP) to support young scientists from Islamic countries. According to an official of COMSTECH, the fellowship program will be conducted at the Sharif University of Technology, Tehran, Iran.The YSFP has been initiated to support talented youth with the cooperation of prestigious scientific institutes and reputable Research and Development centers. The fellowship program has been announced in the research areas of Mechanical Engineering, Renewable Energy and Turbines, IOT and ICT, Water and Environment, Oil and Gas, Earthquake, Electronics, Nano…
ISLAMABAD, JULY17: In an effort to further strengthen the friendship and cultural exchange between China and Pakistan, the 2024 “Chinese Bridge” Summer Camp for Pakistani students kicked off at the Jiangxi University of Science and Technology (JXUST) on 14 July in Ganzhou, China, marking the beginning of a two-week immersive experience for 20 Pakistani educators and students. Representing institutions including the Punjab University (PU), Lahore University of Management Sciences (LUMS), Allama Iqbal Open University (AIOU), and the Aitchison College in Lahore, the participants gathered in Jiangxi to embark on a journey of language learning and cultural discovery. The summer camp,…
