Islamabad, Aug 27: Shehbaz Sharif, the prime minister, has mandated the National Information Technology Board (NITB) to close down right away.The PM office has addressed a letter on the digitization of the PM office and the implementation of E-Office to the Coordinator of Prime Minister Rana Ihsan Afzal and Secretaries of pertinent ministries. The prime minister gave instructions to install E-Office in the Prime Minister’s Office/Secretariat within three days during a meeting earlier this month.The Ministry of Information Technology and Telecommunication was also instructed by the PM office to begin the legislative process for the National Information Technology Board’s (NITB)…
Author: Iqra Khan
Islamabad, Aug 27: Two Pakistani citizens have been granted permission by the Competition Commission of Pakistan (CCP) to purchase an 8.33 percent stake in National Investment Trust Limited (NITL). Adamjee Foundation will no longer be a shareholder in NITL after the deal. A key factor in the launch of the investment management industry in Pakistan has been National Investment Trust Limited, which was founded as a Trust on November 12, 1962, by means of a strategic agreement between NITL, acting as the Management Company, and the National Bank of Pakistan, acting as the Trustee. A broad range of fixed income,…
Islamabad, Aug 227: This August 2024, Pakistan’s hairdressing scene saw a momentous night when the nation hosted the inaugural L’Oréal Professionnel Style & Color Trophy. Over 100 of Pakistan’s most gifted stylists came together for this esteemed competition, which has been held annually and is known internationally since 1954, to display their creativity and set fashion trends for the coming year. The finalist group, which included Hamid Latif and Atif Zaib from Nabila’s Salon, Sania and Sadaf Ali Asghar from Posh by Sarwat in Faisalabad, Sumaira (T&G North) and Humaira (T&G South), Faryal, Nabeel Hussain, Nabeela Mubeen, Shaista Riaz, and…
Islamabad, Aug 227: The Federal Flood Commission (FFC), all of the major rivers of the Indus River System, including the River Indus in the Tarbela-Taunsa reach, Jhelum, Chenab, Ravi, and Sutlej, are discharging normal flows, with the exception of the River Indus, which is flowing in “Medium Flood” in the Sukkur-Kotri reach and in “Low Flood” at Guddu Barrage. Tarbela Reservoir has maintained its Maximum Conservation Level (MCL) of 1550 feet for the past nine days, according to the daily FFC report on Tuesday. Mangla Reservoir, on the other hand, is currently 25 feet below its MCL of 1242 feet,…
Islamabad, Aug 27: According to the Meteorological Department, a deep depression is presently over northern Gujarat, India, and is expected to travel over the next 24 hours towards the neighboring parts of Pakistan, notably Eastern Sindh. Strong monsoon currents are being driven by this weather system, which is especially hitting the south. Furthermore, starting on August 29th, a westerly wave is predicted to affect the country’s top regions. Weather Forecast: Sindh: From August 27 to August 31, there was widespread rain, along with thunderstorms and significant rainfall in the following places: Karachi, Hyderabad, Dadu, Thatta, Badin, Sajawal, Shaheed Benazirabad, Jamshoro,…
Islamabad, Aug 27: According to a social media post on Monday, Pakistan’s diplomatic mission in Saudi Arabia has announced intentions to open a co-working facility for Pakistani businesses looking to get into the lucrative market in the country. In an effort to take advantage of the expanding markets in the area as these nations attempt to diversify their economies, Pakistani officials have been aggressively courting investment from Saudi Arabia and other Gulf nations. There has been a surge in the number of Pakistani startups operating in industries like healthcare, banking, education, and logistics. Many of these companies have secured significant…
Islamabad, Aug 27: Women entrepreneurs taking part in the Academy for Women Entrepreneurs (AWE) program have received $20,000 in initial cash from the US Embassy. The last event for the 2024 AWE participant cohort was a pitch competition, from which the winners were chosen. The grants are meant to aid in the expansion and improvement of their companies. The details state that Iman Khan from Peshawar, who was representing Gricks International, was honored for her creative approach to meeting housing needs and environmental concerns. She produced building materials from recycled plastic, repurposed plastic bottles into bricks for rebuilding homes in…
Islamabad, Aug 27: As it continues on its current growth trajectory, BankIslami has increased its profit before taxes by an impressive 66.2 percent for the half-year that concluded in 2024, providing significant returns to its shareholders. The Bank’s profit after taxes increased to Rs. 7.1 billion from Rs. 13.8 billion before taxes, a strong 32.1 percent growth. In spite of difficult market conditions, BankIslami is unwavering in its dedication to excellence in finance. The notable increase in non-fund-based income (NFI), which increased by almost a billion rupees in comparison to the same period previous year, was one of the period’s…
Islamabad, Aug 27: In interbank trade on Tuesday, the value of the Pakistani rupee gained nine pesas versus the US dollar, finishing at Rs 278.32 as opposed to Rs 278.41 the day before. On the other hand, the Forex Association of Pakistan (FAP) reports that the open market dollar buying and selling rates were Rs 278.50 and Rs 280, respectively. The State Bank of Pakistan (SBP) reports that the price of Euro dropped by 37 paisa to close at Rs 310.87, down from Rs 311.24 the previous day. The British Pound’s exchange rate increased by 24 paisa while the Japanese…
Islamabad, Aug 27: A recent thought leadership event, “Seeds to Smiles,” provided a platform to highlight PepsiCo Pakistan’s multifaceted approach to agricultural development. Notable attendees included Mohammad Khosa, the CEO of PepsiCo Pakistan, and Eugene Willemsen, the CEO of PepsiCo Africa, Middle East & South Asia (AMESA) and International Beverages. Industry experts, partner organizations, and farmers completed the distinguished list of attendees. PepsiCo Pakistan is actively involved in promoting positive change within Pakistan’s agricultural landscape. Its efforts go beyond ushering in sustainable farming practices to include supporting women farmers, the development of inclusive communities, and the promotion of economic growth.…
