The federal cabinet’s Economic Coordination Committee after receiving clearance, the State Bank of Pakistan (SBP) has set new parameters for banks to follow in order to ease the export of 150,000 metric tons of sugar. The Cabinet’s Economic Coordination Committee (ECC) has approved the export of 150,000 MT of sugar according to the restrictions outlined in Case No. ECC-116/12/2024, which was filed on June 13, 2024. In its judgment case No. 181/22/2024, dated June 25, 2024, the Federal Cabinet likewise affirmed the ECC’s ruling.The incorporated Office Memorandum (O.M.) F. No.1(6)/2022-23-CAO, dated June 26, 2024, from the Ministry of Industries and…
Author: Iqra Khan
Mari Mining Company (Private) Limited (MMC), a wholly owned subsidiary of Mari Petroleum Company Limited (PSX: MARI), has been granted two exploration licenses for mineral exploration in District Chagai of Balochistan by the Directorate General Mines & Minerals Balochistan. It is important to note that MPCL founded the MMC in order to carry out mineral mining operations throughout the nation. The granting of further licenses is in line with MPCL’s plan to broaden the scope of its mining operations and demonstrates its dedication to fostering the development of Pakistan’s mineral mining industry. Hydrocarbon exploration, production, and sales are MARI’s main…
The Pakistan Administrative Service’s Muhammad Sheheryar Sultan, a Grade-21 officer, has been named the new chairman of the National Highway Authority by the federal government, replacing the outgoing chairman. In accordance with section 9 of the National Highway Authority Act 1991 (as amended in 2001), his appointment is contingent upon approval by the National Highway Council.Separate announcements from the Establishment Division state that Sultan was relocated from the Finance Ministry and appointed head of the road authority, and that Arshad Majeed Mohmand was removed from his role as chairman of the NHA and instructed to report to the Establishment Division.
Authorities help to investigate potential criminals, telecom firms are now permitted to exchange data with the Islamabad High Court (IHC).This comes after previous investigations’ roadblocks that prevented telecom companies from giving authorities surveillance data. Justice Babar Sattar granted the first restraining order on May 29 in response to petitions pertaining to audio leaks. Standard operating procedures (SOPs) provided by the interior division to allow the exchange had not been followed by telecom operators, who had stopped working with the police and stopped sending Call Detail Records and live locations of suspected criminals. Now that the legality of these directives has…
Climate Action Pakistan: Mobilink Bank, the top digital microfinance bank in Pakistan, has made significant progress in maintaining its leadership position in environmentally friendly banking operations.The Bank declared that its executive team has successfully finished an external training program on Environmental, Social, and Governance (ESG) principles. The Bank’s senior decision-makers now have the knowledge and abilities needed to incorporate ESG principles into the core of their business operations thanks to our comprehensive training program. As a member of the VEON group, a worldwide digital operator, Mobilink Bank serves close to 160 million users in six vibrant markets that account for…
In order to qualify for a new program, Pakistan has been required by the International Monetary Fund (IMF) to raise the power tariff by Rs. 5 per unit by July 10, 2024.ProPakistani was informed by sources that the lender has mandated increases in gas and electricity costs as prerequisites for the new program, meaning that an increase in power prices is unavoidable. According to sources, Pakistan has also requested that the IMF provide additional funding for the upcoming program, given that the government has fulfilled all of the lender’s requirements in the budget for this year.While reports claim that the…
This week is when the thirty electric buses that arrived in Islamabad last month are scheduled to start running.These buses will run on two routes, according to the Capital DevelopmentAuthority (CDA), and the inauguration ceremony is scheduled for this Friday. It is possible that the Interior Minister or the Prime Minister will attend the July 5 ceremony. An individual engaged in the event coordination stated that the Interior Minister will probably launch this bus service, and that inauguration preparations are now under progress.With the arrival of 70 more electric buses from Karachi, CDA intends to increase the number of buses…
Honri has finally made significant progress in enhancing the range and battery of the Honri Ve after receiving feedback from customers. The Honri Ve 3.0, featuring a large 30 Kwh Li-ion battery and a 300 Km range, was just released two days ago. This version’s range is 100 kilometers farther than the 2.0 model’s, and its battery holds 12 kWh more. Apart from the battery and range, the 3.0 facelift has a 5 Kw larger battery and 3 Nm more torque than the 2.0. Honri Ve 2.0 Cost: 3.99 million Pakistani rupees PKR 4.99 million for Honri Ve 3.0 Both…
The good times are behind us. The subcompact crossover SUV Kia Stonic was previously priced at Rs. 4,767,000; however, Kia Pakistan has raised the price by Rs. 733,000 to Rs. 5,550,000. The car was originally priced at Rs. 6,280,000 ex-factory. It is important to note that the corporation shocked the automobile industry in April 2024 when it revealed a significant Rs. 1,500,000 price reduction for Stonic. Those who paid more than Rs. 6 million for the vehicle were shocked, while those who paid less than Rs. 4 million were not as much. Booking for a Kia Stonic: Kia Pakistan said…
In order to stop foreign entities like China from potentially acquiring the last privately held land on the strategically located Arctic archipelago of Svalbard, the Norwegian government said on Monday that it has stopped a plan to sell the territory.For 300 million euros ($326 million), the secluded Sore Fagerfjord property in southwest Svalbard, which spans 60 square kilometers (23 square miles) and includes mountains, plains, and a glacier, was up for sale. The archipelago is situated in an Arctic region that has grown increasingly significant in terms of geopolitics and economics as the ice melts and ties between Russia and…
