ISLAMABAD, JULY 18: Director General Tahir Farooq of the Lahore Development Authority (LDA) paid a visit to the Controlled Access Corridor Closed Road project. The details state that DG Farooq saw the continuing work on Package Two, which extends from Saggian Service Road to Babu Sabu. During the inspection, the contractor and project director Haroon Safi were also in attendance. A thorough briefing on the daily accomplishments and goals was given to DG Farooq. The briefing emphasized the quick progress that has been made on every segment of the service road in Package Two. The drain construction on one side…
Author: Iqra Khan
ISLAMABAD, JULY 18: The Federal Board of Revenue (FBR) has effectively incorporated 8,949 major retailers into its Point of Sale (POS) system.As per the FBR’s list that was compiled until July 2024, 8,949 Tier-I retailers have enrolled with the POS system. 506 stores that sell leather goods and textiles are among the 644 eateries. A distinct set of information about POS system integration is included in the FBR’s Biannual Performance Report for July–December 2023–2024. According to the research, just 434 retailers had the POS system connected by December 2023. Here is the breakdown: Punjab has 234 retailers, the Federal Capital…
ISLAMABAD, JULY 18: We haven’t heard anything new about any local automakers’ production halts or reductions in months. This was made possible by no restrictions on Letters of Credit and no supply chain disruption. But according to a recent update, Toyota Indus Motor Company (IMC) has put a one-week hold on the car’s manufacture. The company disclosed the update to Pakistan Stock Exchange (PSX) in a correspondence. The company has chosen to close its production plant from July 15, 2024, to July 22, 2024 (both days inclusive), citing low inventory of built vehicles and supply chain issues resulting in a…
ISLAMABAD, JULY 18: Concerns about sensitive data being stolen from ChatGPT and other AI apps have been brought up by the Cabinet Division, they have released a warning suggesting the cautious use of these technologies to guard against cyber threats to private data, personal information, and company specifics. The advise emphasizes that, in order to reduce the danger of data breaches, people who handle extremely sensitive information should refrain from utilizing chatbots. The Cabinet Division advises against using automated procedures and instead suggests physically erasing sensitive information in order to further protect communications. One of the advisory’s main suggestions is…
ISLAMABAD, JULY 18: Pakistan Cables Limited (PSX: PCAL) has extended an invitation to Chinoy Engineering & Construction (Pvt) Limited (CECL), one of its affiliated companies, for an equity investment of up to Rs48.45 million. Up to 4.845 million ordinary shares, valued at Rs 10 apiece, are planned to be issued by CECL. This amount amounts to up to 17% of CECL’s post-issuance paid-up capital.Additionally, in order to achieve funding of up to Rs1.5 billion, CECL has sent an invitation for a corporate guarantee in favor of Habib Bank Limited. Furthermore, with joint and several liability with affiliated firms International Industries…
ISLAMABAD, JULY 18: The Boao Forum for Asia (BFA) council member and former Under Secretary-General of the UN, Shamshad Akhtar said that coordination is cornerstone in global health emergencies.“In the 75 years since its establishment, the WHO has worked hard to do a lot of work. However, from an overall perspective, we are still far from achieving true global coordination.” “The functions of many departments and platforms are highly overlapping. Such an inefficient situation may have been ignored by the world for so long, which has ruthlessly exposed by the COVID-19 pandemic,” Shamshad Akhtar expressed at the 3rd Conference of…
ISLAMABAD, JULY 18: Minister for Planning, Development, and Special Initiatives Professor Ahsan Iqbal presided over a meeting on Thursday to review the implementation status of the decisions regarding CPEC projects, especially those made during Prime Minister (PM) Shehbaz Sharif’s recent visit to China. “There is complete agreement between the leaderships of China and Pakistan on the second phase of the China-Pakistan Economic Corridor, also known as CPEC 2.0,” he said while chairing the meeting. The minister said his visit to China last week was a continuation of the PM’s discussions with the Chinese President and Prime Minister, which focused on…
ISLAMABAD, JULY 18: The LHC in Lahore has ordered the immediate destruction of brick kilns that use antiquated technologies and greatly worsen the atmosphere. The written seven-page ruling was delivered by Justice Shahid Karim in response to pollution elimination petitions that were submitted by citizens Haroon Farooq and others. In a bold move, LHC has mandated the removal of smog-producing brick kilns. The verdict emphasizes how strictly brick kiln operators have violated court rules, and it holds the Department of Environment responsible for these transgressions. The written decision makes clear that the deputy director of the environment department and the…
ISLAMABAD, JULY 18: $194 million worth of local T-Bills were purchased by foreign investors via Special Convertible Rupee Accounts (SCRA) in June 2024. These inflows totaled US$ 581 million in FY24, the second-highest amount in Pakistani history, according to a quick market assessment by Topline Securities.Recall that in FY20, Pakistan received net T-Bill inflows of US$ 612 million, peaking in January 2020 with net monthly inflows of US$ 1.4 billion. Analysts anticipate that more such money would come to Pakistan for high-yielding government papers now that Pakistan has managed to secure a staff-level agreement with the International Monetary Fund (IMF)…
ISLAMABAD, JULY 18: Two new Honda patents raise the possibility that the company is developing a new, boxy, off-road vehicle. A patent depicts a squared-off SUV that was manufactured between 2003 and 2011 and was modeled off the Honda Element. The second patent shows a small pickup truck with a detachable section. Honda Element featured a distinctive design that was ahead of its time. It was recognized for its upright stance and substantial plastic bodywork. Despite being limited to production from 2003 to 2011, the Element has garnered a devoted fan base. There may be a chance to bring the…
