Islamabad, Dec 5: Compared to $607.37 million in October of last year, services exports increased 13.43% to $688.95 million in October. With the exception of August, when there was a 6.5 percent decline, the rise has resumed since February of this year, mostly as a result of higher exports of information technology. According to data released by the Pakistan Bureau of Statistics on Wednesday, exports increased by 12.34 percent to Rs191.3 billion in October compared to Rs170.281 billion in the same month the previous year. Compared to $2.41 billion during the same period previous year, services exports increased 7.91 percent…
Author: Iqra Khan
Islamabad, Dec 5: At the Pakistan-China B2B Investment Meeting on Textiles in Suzhou, China, Pakistan Ambassador to China Khalil Hashmi emphasized that Pakistan welcomes Chinese investments in our textile industry. The event in Suzhou, a well-known center for China’s textile industry, was organized by the Board of Investment (BOI), the Pakistani Embassy in China, and the Pakistani Consulate General in Shanghai with the goal of promoting trade, investment partnerships, and joint ventures between top Pakistani and Chinese textile and apparel companies. This event also marked the opening of a Textile One Window Network (TOWN) Office under the Belt and Road…
Islamabad, Dec 5: The Supreme Court has revoked its previous ruling that prohibited the government from privatizing Pakistan International Airline (PIA), the country’s flag carrier, without the highest court’s approval. A suo motu notice about reports of selling significant shares of PIA at a lower price was the subject of the case being heard by the six-member Constitutional Bench of the Supreme Court of Pakistan (SCP), which was presided over by Justice Amin-ud-Din Khan. In order to establish a judicial panel, determine the losses, and look into the reasons behind the PIA’s significant losses, Justice Saqib Nisar, the country’s chief…
Islamabad, Dec 5: To improve operational efficiency, the Supreme Court of Pakistan has formally declared new working hours for its officers and staff. The court said in a statement that the new office hours will be 8:30 AM to 3:30 PM on weekdays. The court will also close early on Saturdays, at 12:30 PM. This updated timetable will be applied to all Supreme Court registries nationwide. The goal of the modification is to make the court’s activities more efficient so that the legal system runs more smoothly. The court hopes to increase efficiency and sustain more seamless operations in its…
Islamabad, Dec 5: According to Finance Minister Muhammad Aurangzeb, state-owned businesses (SOEs) have lost Rs. 2.2 billion every day for the past ten years, for a total of Rs. 6 trillion in losses. In order to increase efficiency and lower fiscal expenditures, Aurangzeb suggested that 50% of these SOEs be privatized during a seminar hosted by the Securities and Exchange Commission of Pakistan (SECP). He added that Pakistan’s growing population presents serious issues, such as child stunting and a high percentage of out-of-school youngsters. The Finance Minister emphasized how crucial it is to limit the rate of population growth and…
Islamabad, Dec 5: In a quick and effective rescue effort, the Pakistan Maritime Security Agency (PMSA) was able to save 12 crew members from a sinking Indian cargo ship. Around 10:20 AM, MRCC Mumbai sent an urgent email to the Maritime Rescue Coordination Centre (MRCC) in Pakistan asking for assistance in locating and rescuing survivors from the stranded ship. The PMSA promptly organized a rescue effort in response, which was successful in saving all 12 crew members on board the Indian ship. This operation emphasizes the value of regional cooperation and the PMSA’s commitment to its worldwide search and rescue…
Islamabad, Dec 5: Immigration Minister Marc Miller told the Commons immigration committee earlier this week that Canadian immigration authorities expect the majority of temporary permit holders to depart voluntarily, as over five million visas are scheduled to expire by the end of 2025. 766,000 of them are foreign students, a demographic that has been disproportionately affected by recent policy changes. Miller responded to Conservative MP Tom Kmiec’s worries about maintaining compliance in the face of so many permits expiring by stating that procedures such as Canada Border Services Agency monitoring are in place to deal with infractions. He did point…
Islamabad, Dec 5: At its Board of Governors meeting on Wednesday, the Pakistan Sports Board (PSB) implemented important policy changes in spite of the Pakistan Olympic Association’s (POA) adamant opposition. Important rulings included the introduction of a tribunal to handle complaints and disputes and an independent election commission to supervise national sports federations’ polling. The goal of the conference, which was chaired by Advisor to the Prime Minister on Inter-Provincial Coordination Rana Sanaullah, was to increase openness in the governance of sports. The Pakistan Code of Ethics and Governance in Sports (PCEGS), a framework intended to guarantee integrity in the…
Islamabad, Dec 5: The federal government has sent the Cybercrime Amendment Bill draft to the appropriate ministries for evaluation before bringing it before the federal cabinet for approval. All pertinent parties, including the Ministry of IT and Information and Broadcasting, will be consulted, according to sources. The draft will be given to the federal cabinet for approval after comments have been received. The revised law will be brought to parliament for additional consideration following cabinet approval. Those found guilty of distributing fake news could face harsh punishments under the proposed law, including a fine of Rs. 1 million and a…
Islamabad, Dec 5: Pakistan Customs has implemented a new regulation that prohibits government officials from using tempered and smuggled vehicles in an attempt to stop the abuse of power. This action is a component of continuous initiatives to guarantee responsibility and stop the misuse of seized automobiles for private gain. The goal of the program is to allay growing concerns about Customs officers abusing thousands of vehicles that have been seized for personal gain. All No Objection Certificates (NOCs) previously granted for smuggled automobiles used by government officials have been revoked in accordance with the new rules. The number of…
