Islamabad, Nov 29: Finance Minister Reviews 5G Launch Plans Following Feedback from U.S. Firm. The Advisory Committee on the Release of IMT Spectrum for Improvement of Next Generation Mobile Broadband Services in Pakistan met today at the Finance Division under the direction of Federal Minister for Finance and Revenue Muhammad Aurangzeb. By PPRA Rules/EPADS, the PTA hired the US-based consulting firm NERA in November 2024 to study and assess the Pakistani market, consult with stakeholders, and prepare policy recommendations regarding sector reforms and a roadmap for a successful spectrum auction by April of the following year. The meeting reviewed the…
Author: Iqra Khan
Islamabad, Nov 29: Rupee Closes Week Lower After Fourth Straight Decline Against Major Currencies. After starting the day at 278 in the interbank market, the Pakistani rupee (PKR) ended the day in negative territory versus the US dollar (USD) for the fourth consecutive day. Despite staying at yesterday’s level, it was bearish throughout the day and ended the day lower versus the US dollar. During today’s session, it reported losses in relation to the majority of the other major currencies. Before closing at the 277 level, the interbank rate remained at that level for the majority of the day. Today,…
Islamabad, Nov 29: Weekly Inflation Eases Marginally Amid Minor Drop in Food Prices. According to the Pakistan Bureau of Statistics (PBS), the prices of chicken (3.78 percent), tomatoes (2.23 percent), pulse gram (1.60 percent), pulse masoor (1.38 percent), rice basmati broken (1.15 percent), gur (0.59 percent), pulse mash (0.53 percent), and pulse moong (0.25 percent) all saw price declines, which caused the Sensitive Price Index (SPI)-based inflation for the week ending November 28, 2024, to drop by 0.03 percent. The price increases for women’s sandals (75.09 percent), pulse gram (66.40 percent), tomatoes (42.08 percent), pulse moong (38.38 percent), powdered milk…
Islamabad, Nov 29: LDA Seals Dozens of Illegal Properties in Lahore Crackdown. During an operation on Thursday, the Lahore Development Authority (LDA) destroyed a number of unlawful buildings and sealed 96 houses in different parts of the provincial capital. LDA Director General Tahir Farooq ordered these actions to be taken as part of continuing efforts to enforce building codes and stop illegal development. Gulberg, New Garden Town, Faisal Town, Allama Iqbal Town, Shadman, and Gulshan Ravi were among the localities that were the focus of the operations. Thirty properties in Shadman and Gulshan Ravi, thirty in Allama Iqbal Town, and…
Islamabad, Nov 29: FDE Discontinues Two-Day Weekend for Schools and Colleges in Islamabad. All of the educational institutions in Islamabad that fall under the purview of the Federal Directorate of Education (FDE) will henceforth observe Saturday as a working day. Islamabad will only observe Sunday as a holiday. This decision will take effect on November 30, 2024, and last until February 1, 2025, to compensate for the academic losses caused by the recent closures of schools and universities in the nation’s capital. The letter, sent out on November 29, 2024, made clear that the closures were mostly caused by regular…
Islamabad, Nov 28: CCP Approves Merger of Millat Equipment Limited with Millat Tractors Limited. The Competition Commission of Pakistan (CCP) has granted approval for the merger of M/s. Millat Equipment Limited (MEL) with M/s. Millat Tractors Limited (MTL) under a Scheme of Arrangement sanctioned by the Lahore High Court. Upon the court’s sanction, MEL will be dissolved, and MTL will emerge as the surviving entity. Millat Tractors Limited, a publicly listed company in Pakistan, specializes in the manufacturing and marketing of agricultural tractors (Massey Ferguson 300 series), forklift trucks, diesel engines, diesel generator sets and a wide range of allied…
Islamabad, Nov 27: Bank Branches Handling Hajj Applications to Remain Open on Saturday and Sunday on Saturday, November 30, December 1, certain banks will maintain their branches open nationwide to allow prospective pilgrims to deposit their Hajj applications. According to a statement from the central bank, “State Bank of Pakistan (SBP), at the request of the Ministry of Religious Affairs & Interfaith Harmony, has directed 15 designated banks to keep their concerned branches open from 9:00 a.m. to 2:30 p.m. on Saturday, November 30, 2024 and Sunday, December 1, 2024 throughout the country in order to facilitate the intending…
Islamabad, Nov 27: Weather Department Forecasts Light Rain and Snowfall Across Various Regions of Pakistan. According to the Met Office, a westerly wave is expected to hit the country’s western regions starting at night on November 28. When this weather system is in effect: Quetta, Pishin, Qilla Saifullah, Zhob, Shirani, Musa Khel, Barkhan, Ziarat, Loralai, and Dera Ghazi Khan are all predicted to see moderate rain, wind, and thunderstorms (with snowfall over the hills) on November 28 (night), November 29, and December 2. During the night of November 28 and 29, at Gawadar, Kech, Panjgur, Awaran, Kalat, Khuzdar, and Lasbella. …
Islamabad, Nov 27: Global Agri-Tech Firm Focuses on Enhancing China-Pakistan Agricultural Cooperation Model at 2024 CISCE. At the ongoing 2024 China International Supply Chain Expo (CISCE), an endless stream of visitors were gushing about the stunning selection of agricultural products, including fragrant sesame seeds, full-bodied peppers, and plump rice grains. “From premium agricultural inputs and high-quality seeds to the Agriculture Value Chain (AVC) comprehensive business, Syngenta Group is committed to building a win-win framework between China and Pakistan. This will not only help local farmers increase their income and open up new sales channels, but also enhance Chinese consumers’…
Islamabad, Nov 27: Direct Flights Between Uzbekistan and Pakistan to Resume on Nov 29, Confirms Ambassador Tukhtaev. In an effort to strengthen regional cooperation, Alisher Tukhtayev, the ambassador of Uzbekistan to Pakistan, announced on Thursday that direct flights between his country and Pakistan would resume on November 29 (tomorrow). The purpose of this aircraft, which connects the cities of Tashkent and Lahore, is to facilitate travel for visitors, advance trade and economic links between the two nations, and further deepen bilateral cooperation. Alisher Tukhtayev, the Uzbek ambassador to Pakistan, told APP here. The envoy claimed that the President…
