Islamabad, Oct 30: Governor Kundi Welcomes U.S. Congressional Delegation to Khyber Pakhtunkhwa. Faisal Karim Kundi, the governor of Khyber Pakhtunkhwa, reiterated on Thursday Pakistan’s intention to keep tight contacts with U.S. political leadership and expressed optimism that the election results will improve ties between Islamabad and Washington. He made these remarks in a meeting with Sajid Tarar, a prominent figure in the American Muslim community and a member of the election finance committee of former President Trump. The forthcoming U.S. elections were among the topics of common interest that the two talked about. Senior Pakistan Peoples Party leader Nadeem Afzal…
Author: Iqra Khan
Islamabad, Oct 30: Gold Price in Pakistan Hits Record High Following Major Increase. The price of gold in Pakistan smashed yet another record on Wednesday as it neared the Rs. 290,000 per tola mark. According to data issued by the All-Sindh Sarafa Jewellers Association, the gold Price (24 carats) surged by Rs. 2,900 per tola to Rs. 287,900, while the price of 10 grams was also up by Rs. 2,486 to Rs. 246,828. The price of the precious metal hit its previous all-time high of Rs. 285,400 on October 23. The price of ten-gram 22 karat gold went…
Islamabad, Oct 30: Oxford University to Provide Training for Pakistani Teachers. Reputable musician and educational reformer Shehzad Roy stated that the University of Oxford has inked a major agreement with the Malala Fund to help the Pakistani NGO Durbeen train teacher-educators in Pakistan through a ground-breaking program. Roy commended Nobel winner Malala Yousafzai for helping to form the collaboration in an interview at Oxford University. “The goal of this partnership between Oxford and Durbeen is to develop a curriculum for an M.S. program that will prepare teachers to teach the B.Ed. program in Pakistan’s Teacher Training Institutions,” he explained. Language,…
Islamabad, Oct 30: State Minister for Finance Ali Pervaiz pledges government support to strengthen CCP. The State Minister for Finance and Revenue, Mr. Ali Pervaiz Malik, visited the Competition Commission of Pakistan (CCP), underscoring the role of the Commission in fostering a level playing field for businesses and protecting consumers from anti-competitive practices. During his visit, Mr. Malik conveyed the Ministry’s commitment to bolstering CCP’s capacity to further increase its effectiveness, whether through legislative reforms, follow-up on cases in court, or capacity-building initiatives. Addressing CCP’s officials on Wednesday, he emphasized the need for a comprehensive review of the Competition Act…
Islamabad, Oct 30: The Board of Directors of The Bank of Punjab convened on October 30, 2024, to review and approve the unaudited financial statements for the first nine months ending September 30, 2024. During the review of the Bank’s performance for the period, the Board expressed its satisfaction with the overall growth across all areas of operations. The Board also commended the Bank’s management for achieving an impressive 58% growth in profit before tax compared to the same period last year. In the first nine months of 2024, the Bank of Punjab recorded a profit before tax of Rs. 14.10…
Islamabad, Oct 30: Saudi Arabia Announces Additional $600 Million Investment in Pakistan. The Saudi Investment Minister described the Kingdom of Saudi Arabia’s recent $2.2 billion investment in Pakistan as “just the beginning of something very special,” and on Wednesday, the kingdom announced an additional $600 million Investment. Prime Minister Shehbaz Sharif and Saudi Investment Minister Khalid bin Abdulaziz Al Falih made the announcement in a joint press release after their “very productive” meeting that covered bilateral cooperation in a number of areas, including trade, finance, agriculture, technology, and skilled labor. The prime minister is currently on a two-day official visit…
Islamabad, Oct 30: CBD Lahore Unveils 20-Kanal Retail Space with Flexible 5-Year Payment Plan .the Central Business District (CBD) Punjab Quaid District announced the opening of a 20-kanal retail area called “Axis” for companies looking to establish a significant online presence in Lahore. The store is situated in a busy business district, which could be beneficial for client reach and brand awareness. With a Floor Area Ratio (FAR) of 1:6, Axis can accommodate large corporate operations. The property, which is priced at 32 crores per kanal, is in line with the market’s trend toward expansion and value increase. The payment…
Harmful Are Microplastics to Human Health. Microplastics have recently raised their concerns towards the human health. Discovered in foods we consume, the water we drink, and indeed the very air we breathe. Microplastics are plastic particles that are 5mm in diameter or smaller thus originating from the breakdown of other plastics. Recent studies into the particle reveal that these small particles possess some profound impacts to our health. So just how noxious are microplastics to human health or welfare? What Are Microplastics? These are formed as other minuscule plastic articles such as bottles or bags. Break down as a result…
Islamabad, Oct 29: Chinese-Pakistani Firms Join B2B Investment Meeting on Fisheries in Qingdao. The inaugural Pakistan-China B2B Investment Meeting on Fisheries took place Tuesday in Qingdao, Shandong province, China, with participation from up to 45 Chinese and 28 Pakistani firms. The gathering was the first of several industry-specific gatherings aimed at encouraging collaborations and partnerships between Chinese and Pakistani businesses. To further encourage commerce and investment between the two nations, Prime Minister Shehbaz Sharif visited China in June 2024, and this event is a follow-up to that visit. In his remarks, Sun Huanjiang, a CPC Committee Member from the Qingdao…
Islamabad, Oct 29: Askari Bank Reports Q3 Profit of Rs. 5.9 Billion. With profits per share (EPS) of Rs. 4.13, Askari Bank Limited (PSX: AKBL) reported a profit-after-tax (PAT) of Rs. 5.9 billion in 3QCY24, up 4.4 percent over 3QFY24. The bank’s PAT for 9MCY24 was Rs. 14.1 billion, which was 3.4 percent less than the previous year’s EPS of Rs. 9.72. In 3QCY24, the bank earned Rs. 104.5 billion in interest, which was 17.7% more than in 3QCY23 but 0.4 percent less on a quarter-over-quarter (QoQ) basis. The interest expense reached Rs. 86 billion, up 17.6% year over year…
