ISLAMABAD, JULY14: In a landmark move, the Capital Development Authority (CDA) has established a Climate Change Fund, the first of its kind in Islamabad, aimed at mitigating the impacts of climate change in the Islamabad Capital Territory (ICT). This initiative, driven by Federal Minister for Interior Mohsin Naqvi, marks a significant step towards addressing environmental concerns in the region.Commending the efforts, Interior Minister Naqvi praised CDA Chairman Muhammad Ali Randhawa and his team for their proactive approach. “The CDA team deserves accolades for this initiative,” he stated. As part of the Climate Change Initiative, the CDA is launching a “Carbon…
Author: Iqra Khan
ISLAMABAD, JULY14: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah in his verdict declared that overseas Pakistanis are entitled to import vehicles under personnel baggage scheme, transfer of residence and gift scheme who have not imported, gifted or received a vehicle during the last two years under Import Policy Order (IPO), 2022. The FTO Advisor Dr Waqar Ch Arain disclosed this to the business community while addressing an awareness session here Sunday.He added that the FTO has instructed the Director, Directorate of Reforms & Automation Karachi, to develop and deploy e-CRF sent by the Collectorate of Customs, Appraisement (West) Karachi,…
ISLAMABAD, JULY14: The Iraqi ambassador to Pakistan, Hamid Abbas Lafta on Sunday met with Pakistan’s Interior Minister Mohsin Naqvi and Minister of Overseas Pakistani’s Chaudhry Salik Hussain and discussed ways to improve the travel experience for Pakistani pilgrims visiting Iraq. The meeting was focused on making it easier and more affordable for Pakistani Muslims to travel to Iraq for religious pilgrimages.The discussion highlighted the possibility of free entry visas for Pakistani pilgrims and increasing the number of people allowed to visit each year.Interior Minister Mohsin Naqvi expressed his serious concern about travel agents charging pilgrims excessive fees and ensured to…
ISLAMABAD, JULY14: Pakistan Railways has said that on July 17, 2024, all of the nation’s railway offices will be shuttered.All train reservation offices and other amenities are affected by this closure, according an official announcement. Officials from the railway have indicated that there would be no interruptions to regular operations after this date. The railroad personnel will be able to observe Youm-e-Ashur, the 10th of Muharram, thanks to the brief stoppage. Authorities have guaranteed that there will be no impact on services either before or after the closure.Prior to this, the federal government set public holidays for July 16 and…
ISLAMABAD, JULY14: As per a report published by Arif Habib Limited (AHL), the Pakistan Stock Exchange (PSX) index is expected to reach 109,000 by June 2025, following the successful implementation of a staff-level agreement with the International Monetary Fund (IMF). According to AHL, the markets will benefit from the new bailout program since it provides a clear path for economic policies and gives investors the framework they need to make well-informed judgments. Furthermore, concerning sectoral impacts, the paper examines how energy, one of the IMF’s top goals, will help E&P, OGMCs, and the power industry in particular. According to the…
ISLAMABAD, JULY14: In the hours that followed a shooting attempt on former President Donald Trump, who is anticipated to be the Republican nominee for the US presidential election in 2024, the price of Bitcoin shot beyond $60,000. Trump was attacked during a campaign rally, but he managed to survive and was helped to safety by others. In the hours following the revelation, CoinGecko reports that the price of Bitcoin shot up to $60,224, the highest level in the previous week. However, Bitcoin gains are negligible in contrast to meme coins with Trumpian themes. The biggest increase was seen by TREMP,…
ISLAMABAD, JULY14: The Competition Appellate Tribunal affirmed the Competition Commission of Pakistan’s (CCP) conclusions. In response to an appeal filed by M/s NFC Employees Cooperative Housing Society. The society’s members protested to the CCP in 2016 about not having enough options for cable television. They had no choice but to become subscribers of MC Networks, the only provider of cable television networks. By giving exclusivity to a cable service provider and limiting residents’ options, the Commission’s order fined the NFC Employees Co-operative Housing Society Limited Rs. 1 million for violating Sections 4(2)(a), 4(2)(b), and 4(2)(d) read with Section 4(1) of…
ISLAMABAD, JULY14: Donald Trump withstood an attempted murder during a rally in Butler, Pennsylvania. Appearing gunshots sounded in the crowd, and Trump was soon led from the stage. Spokesman Steven Cheung stated, “President Trump appreciates the quick action of law enforcement and first responders during this alarming incident.” He is being evaluated at a nearby medical facility and is doing well. We’ll be providing more details soon. The sounds came during Trump’s last speech before the Republican National Convention, while he was displaying a chart showing the number of people crossing the border. His right hand was seen grabbing for…
ISLAMABAD, JULY13: Coordinator to the Prime Minister on Climate Change and Environmental Coordination, Romina Khurshid Alam chaired PM’s committee meeting on establishing a mountaineering school in Gilgit Baltistan to promote sustainable green tourism, mountaineering education and local community engagement ensuring environmental conservation. The committee discussed a thorough plan for the establishment of a mountaineering school, overseeing the implementation process from conception to reality, a news release said.Addressing the meeting the PM’s aide said the success of the project is in team work and the suggestions of all the participants will be incorporated to finalize the establishment of the mountaineering school.Romina…
ISLAMABAD, JULY13: The Special Investment Facilitation Council (SIFC) of Pakistan and the Emirati consulting firm AT Kearney Middle East Limited inked a deal to encourage foreign investment in the nation’s various sectors. Pakistani state media reported on Saturday,In an effort to draw foreign direct investment into the fields of energy, mining, information technology, defense industry, and agriculture, Islamabad formed the SiFC, a civil-military hybrid forum, in June of last year.The SIFC national coordinator met in-depth with a group of AT Kearney and Pakistan’s Public-Private Partnership Authority representatives to go over the cooperation roadmap, according to a report by Radio Pakistan.…
