Islamabad, Aug 6: In contrast to a loss after tax of Rs. 4.4 billion during the same time last year, Lucky Core Industries Limited reported a profit after tax (PAT) of Rs. 3.2 billion in its 4QFY24 financial statement, which was released today.With this, the FY24 earnings are down 37% YoY to Rs. 11.2 billion. Additionally, the firm declared a cash dividend of Rs. 33.0 per share, bringing the payout per share for the entire year to Rs. 60. In a quick assessment, Arif Habib Limited stated that during FY24, net sales rose by 10% YoY to Rs. 120.6 billion…
Author: Iqra Khan
Islamabad, Aug 6: The 6th InnoXera Summit, now in its second year in Pakistan, was held at the Serena Hotel in Islamabad. The Ministry of Federal Education and Professional Training gave the opening keynote presentation at the largest education and technology summit, highlighting the government’s commitment to developing these vital subjects. The event’s subject this year, “Beyond the Screen: Expanding the Boundaries of Learning,” set the setting for an innovative technological application-based push to the boundaries of traditional education. The summit, which had over 26 speakers, included a range of panels and keynotes covering important subjects like the future of…
Islamabad, Aug 6: The operator of the most popular digital financial services platform in Pakistan, Telenor Microfinance Bank (TMB), has won the prestigious ICAP Digital Technology Awards in the “Use of Technology in Internal Audit” category for its innovative digital audit application, DARE (Disrupting Audit Realms, by Embracing the Digital Opportunity). Zohaib Khan, the Chairman of PASHA, Humayun Bashir, the Chairman of E.Ocean, and Khalid Rehman, a member of the ICAP Council, graced the occasion. At a lavish ceremony in Karachi, Chief Audit Officer of TMB Junaid Yusuf Kara received the award from Chairman of PASHA Zohaib Khan. DARE is…
Islamabad, Aug 6: Samsung has already integrated Galaxy AI capabilities into its high-end mobile devices. The tech behemoth seems prepared to add these AI features to its mid-tier devices.The Galaxy A55 and A35 are anticipated to be the first mid-range phones to have Galaxy AI as part of the next One UI 6.1.1 update, according to insider sources that SamMobile has access to. Although the precise date of release is unknown, it is anticipated to occur in the following one to two months. It is noteworthy that many Galaxy AI functions may not be accessible on these mid-tier smartphones.Which AI…
Islamabad, Aug 6: The Islamabad Deputy Commissioner has declared a major campaign to discourage the use of plastic shopping bags, which are a major source of pollution.Eight squads have been constituted by DC Islamabad to carry out this operation, according to Express News. Under the direction of all Islamabad Assistant Commissioners, these teams would carry out actions aimed at discouraging the use of plastic bags in different parts of the city.Deputy Commissioner Irfan Nawaz underlined that it is our common duty to minimize the usage of polyethylene bags, which exacerbate environmental pollution.In addition, he urged the populace to back the…
Islamabad, Aug 6: Florian Berg, a German visitor, has received financial support from the Punjab government after he was threatened and robbed close to Lahore Airport. The event has triggered fast action from local authorities. It involved the theft of cash and goods belonging to Berg. As a token of support, the Punjabi government gave Berg Rs 500,000. During his bicycle tour of Pakistan, 27-year-old Florian Berg had set up camp in the northern Cantt area, where the incident took place. Berg filed a First Information Report (FIR), which states that the attack happened at midnight. Two anonymous attackers entered…
Islamabad, Aug 5: Kia has revealed a brand-new deal on the well-liked Stonic SUV. There has been a reduction in the partial booking amount from Rs. 2,500,000 to Rs. 1,375,000. With this special deal, you can acquire this elegant and feature-rich car for less money up front and draw in more customers. The Kia Stonic is renowned for its cutting-edge features, sleek appearance, and small size. It has a 1.4L MPI engine installed. The SUV offers a safe driving experience with its several airbags, electronic stability control (ESC), and anti-lock brakes (ABS). There is plenty of space inside and an…
Islamabad, Aug 5: Federal Minister for Finance Muhammad Aurangzeb and Revenue Senator Muhammad Aurangzeb and Managing Director of Jacobs, Cordova and Associates, Scott Jacobs during a meeting here on Monday discussed proposals to streamline regulatory system. According to press release issued by finance ministry, Secretary Board of Investment and officials from relevant ministries/divisions were also present in the meeting.The meeting focused on the subject of regulatory reforms aimed at improving regulatory environment in the country to improve entrepreneurship, innovation and investment. Jacobs presented a comprehensive proposal to streamline the regulatory system, suggesting a thorough review of standardized processes to achieve…
Islamabad, Aug 5: Pakistan’s export of goods and services to Afghanistan witnessed an increase of 4.12 percent during the twelve months of the fiscal year (2023-24) as compared to the exports of the corresponding period of last year, the State Bank of Pakistan (SBP) reported. The overall exports to Afghanistan were recorded at US $544.008 million during July-June (2023-24) against exports of US $522.271 million during July-June (2022-23), SBP data revealed. On a year-to-year basis, the exports to Afghanistan also surged by 5.53 percent from $43.657 million in June 2023, against the exports of $46.073 million in June 2024. Meanwhile,…
Islamabad, Aug 5: Pakistan Meteorological Department (PMD) has forecast more rain-windstorm/thundershower in Sindh, Balochistan, Khyber-Pakhtunkhwa, south/upper Punjab, Pothohar region, Kashmir and Gilgit-Baltistan. Heavy falls are likely at isolated places in northeastern/south Balochistan, upper Sindh, Upper Khyber Pakhtunkhwa, Northeast Punjab, Pothohar region and Kashmir. As per synoptic situation, strong monsoon currents,continuously penetrating from Arabian Sea in central and southern parts of the country, entered into the upper parts. Torrential rains may generate flash flooding in local nullahs/streams of Hilly areas of Dera Ghazi Khan, Zhob, Barkhan, Musa Khel, Loralai, Sibbi, Harnai, Kohlu, Dera Bugti, Jhal Magsi, Nasirabad, Jaffarabad, Kalat, Khuzdar, Lasbella,…
