Islamabad, 28 Apr, 2025: Europe’s New Biometric system is set to reshape the way non-EU travelers cross European borders, beginning in October 2025. Under the new Entry/Exit System (EES), visitors from countries such as Pakistan, the United States, England, South Africa, and Australia will be required to register their fingerprints or have a digital photograph taken when entering the Schengen Zone. Digital Records to Replace Passport Stamping The traditional practice of manually stamping passports will be replaced with electronic records through Europe’s New Biometric framework. Officials believe this transition will strengthen border security and eventually make travel quicker. READ MORE:…
Author: Iqra Khan
Islamabad, 28 Apr, 2025: The Punjab provincial government has granted approval for the acquisition of five high-end new jammer vehicles, aimed at enhancing the security and safe movement of VIPs. The decision follows a formal approval from the provincial cabinet, which also initiated the tendering process for their procurement. Allocation of Funds and Vehicle Details As per the official release, a total of Rs. 467.2 million has been allocated for the purchase of five new jammer vehicles, which include imported Land Cruisers and Prados. Of this sum, Rs. 240 million has been earmarked for the acquisition of two Land Cruisers,…
Islamabad, 28 Apr, 2025: Toyota Indus Motors has announced impressive financial results for the nine months ending March 31, 2025 (9MFY25). The company reported a substantial Profit After Tax (PAT) of Rs. 16,555 million, representing a remarkable 76% year-on-year increase. This translated into Earnings Per Share (EPS) of Rs. 210.62. Exceptional Growth in Third Quarter Results For the third quarter, covering January to March 2025, Toyota Indus Motors recorded a profit of Rs. 6,597 million, marking a 48% increase compared to the same period last year. Additionally, the quarter-on-quarter profit growth stood at 36%. This strong performance reflects both an…
Islamabad, 28 Apr, 2025: Lucky Investments Limited (Lucky Investments) has been awarded an initial Asset Manager Rating of “AM2” with a Positive Outlook by The Pakistan Credit Rating Agency Limited (PACRA). This significant milestone marks a strong start for the newly established Islamic asset management company, which aims to become the preferred choice for Shariah-compliant investment solutions in Pakistan driven by a vision of sustainable growth, integrity, and innovation. Commenting on this achievement, Mr. Mohammad Shoaib, CFA, CEO of Lucky Investments, stated, “We are grateful to Allah (SWT) for a rewarding start to our journey. READ MORE: Lucky Investments Lunches…
Islamabad, 28 Apr, 2025: The First May holiday in Saudi Arabia & UAE is not officially observed as a public holiday in either country. While May 1st marks International Workers’ Day globally, neither Saudi Arabia nor the UAE grants their workers the day off. In the UAE, although May 1st is acknowledged as International Workers’ Day, the government does not grant a public holiday. Instead, certain governmental authorities organize appreciation events to acknowledge the contributions of employees, but these do not translate into a nationwide day off for workers. READ MORE: Saudi Arabia Bans Entry to Mecca Without Permit Similarly,…
Islamabad, 28 Apr, 2025: May 1 for Labour Day is set to be observed nationwide, with the Pakistan Stock Exchange (PSX) announcing its closure on Thursday, May 1, 2025, in line with the public holiday declared by the government. In an official announcement, the Pakistan Stock Exchange confirmed that it will be closed for the day, honoring May 1 for Labour Day. The notice, shared with investors and shareholders on Friday, reminded all concerned parties about the closure. READ MORE: Philip Morris Pakistan Delisting from PSX This holiday aligns with the federal government’s recognition of Labour Day as an important…
Islamabad, 28 Apr, 2025: The Samba Bank CEO, Ahmad Tariq Azam, has stepped down from his position at the helm of the institution, marking the end of his tenure. His resignation has been officially confirmed by the bank’s board, effective from April 27, 2025, with his final day scheduled for May 21, 2025. READ MORE: Saudi National Bank Closes the Door on Samba Bank Stake Sale Samba Bank Limited, a subsidiary of Saudi Arabia’s National Bank, released a formal notification regarding Ahmad Tariq Azam’s resignation. According to a stock filing on Monday, the Board of Directors accepted Azam’s resignation, and…
Islamabad, 28 Apr, 2025: As global oil prices continue to dip, speculation arises around whether the government will Cut petrol prices in Pakistan in the coming days. While international crude prices are on a downward trajectory, the public’s benefit may be limited due to recent government policy changes concerning the petroleum levy. In the wake of substantial fluctuations in global oil prices over the past two weeks, analysts predict that Pakistan may witness a reduction in fuel prices by May 1, 2025. However, whether this will be a significant decrease or no change at all remains uncertain. Internationally, Brent crude…
Islamabad, 28 Apr, 2025: Property Taxes have kept growing as an important revenue source for the Federal Board of Revenue (FBR), new figures have revealed a sharp increase in collection figures over the current fiscal year. Officials said the Withholding Tax (WHT) collected on real estate sales and purchases stood at Rs169 billion between July and March of FY2024-25. The figure is significantly higher than the Rs136 billion collected during the same period a year ago, they added. Higher Tax Rates Offset Drop in Activity For a while the property market continued to see a slowdown, with transactions down 15…
Islamabad, 28 Apr, 2025: Efforts to strengthen higher education in Pakistan continue as the Higher Education Commission (HEC) has approached the federal government, seeking an allocation of Rs86 billion for universities in upcoming fiscal year. The appeal reflects a broader strategy to stabilise and advance the higher education sector, which faces significant financial challenges. Funding Proposal for Academic Growth HEC Chairman Dr. Mukhtar Ahmed conveyed hope that the federal authorities would recognise the pressing need for investment in higher education and approve the requested budget. Stressing the vital role universities play in national progress, Dr. Ahmed emphasised that sufficient funding…
