Islamabad, Oct 23: Cabinet Approves Enhanced Cybercrime Regulations to Regulate Social Media Content. The National Cyber Crime Investigation Agency’s (NCCIA) regulations to take tough measures against cybercrime actors, propaganda, harassment, and people who disseminate misinformation on social media have been authorized by the federal cabinet. Cybercriminals, particularly those who attack public people and state organizations, may be sentenced to five to fifteen years in prison and hefty fines. The NCCIA is now fully operational and has the power to work with international groups to combat cybercrime, following 11 months of development. In December 2023, the caretaker government created the agency.…
Author: Iqra Khan
Islamabad, Oct 23: Rupee Holds Steady against US Dollar, Climbs to 299 Against Euro. After starting the day at 278 on the interbank market, the Pakistani rupee (PKR) remained steady in relation to the US dollar (USD). It closed in green against the greenback after being steady throughout the day. During today’s session, it recorded gains against 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, open market rates at several currency counters stayed between 278 and 281. The PKR gained one…
Islamabad, Oct 23: Pakistan Triumphs at 2024 International Rescue Challenge. At the International Rescue Challenge 2024, the Pakistan Rescue Team won, and the Philippine team came in second. Leading rescue teams from China, the UK, South Korea, and Malaysia participated in the exercise, which was hosted at the Emergency Services Academy in Lahore. Teams participated in confined space extrication, trauma treatment, fire fitness, deep well rescue, height rescue, and other tasks. Prominent individuals such as US Consul General Kristin K. Hawkins, Emergency Services Minister Khawaja Salman Rafique, and Speaker of the Punjab Assembly Malik Muhammad Ahmad Khan attended the awards…
Islamabad, Oct 23: FBR to Drastically Raise Immovable Property Valuations This Week. Immovable property values will be increased by the Federal Board of Revenue (FBR) by up to 75% of their current market values. Media was informed by sources that the previously postponed notification in this regard is now expected to be sent out on Friday, October 25. A letter was scheduled to be sent out on Friday, October 11. According to sources, after the updated values of immovable properties were finalized for about forty-two cities. However, the notification was delayed because the number of cities has now climbed to…
Islamabad, Oct 23: Turkey Offers 3-Year Work Permit Exemption for Select Foreign Workers. In an effort to alleviate labor shortages and draw in qualified foreign talent, Turkey has implemented new laws. These rules, which are published in Turkey’s Official Gazette, give professionals who support the country’s economy more flexibility by granting temporary work permit exemptions for a maximum of three years. This program is a component of Turkey’s continuous endeavors to draw in international talent and bolster its economy by reducing barriers to overseas employment in a number of industries. Exemptions from Work Permits Certain foreign workers can now work…
Islamabad, Oct 23: Revised Plans Unveiled for Road Project Linking Chak 106-JB to Chiniot. The district administration has been directed by Commissioner Silwat Saeed to hasten the completion of development projects while making sure that all necessary procedures are followed. Road Project about Commissioner Silwat authorized the model village scheme’s implementation at Chak No. 44-GB, Tehsil Sammundri, after reviewing ongoing developments. With an emphasis on its prompt completion, she also oversaw the rewriting of designs for the 6.5 km road building and restoration project from Chak No. 106-JB to Chiniot. According to reports, the Water & Sanitation Agency (WASA) has…
Islamabad, Oct 23: DHA Multan Launches Construction Waiver Scheme for 2024-25. The Defence Housing Authority (DHA) Multan published an announcement on their official Facebook page, formally announcing their Construction Waiver Scheme for 2024–2025. With up to 75% of development fees waived, this program provides substantial financial relief to property owners. According to the announcement, owners would be entitled for a 75% discount in development charges if they finish the grey structure of their homes between September 1, 2024, and August 30, 2025. Additionally, individuals who inhabit their homes within the same timeframe will receive a 25% concession, which will allow…
Islamabad, Oct 23: Pakistan’s Finance Chief Engages in Trade and Investment Talks with Saudi Counterpart in Washington. According to an official statement, Muhammad Aurangzeb, the Federal Minister for Finance and Revenue, met with Mohammed Aljadaan, his Saudi counterpart, in the United States on Tuesday to discuss trade and investment. Other world financial leaders have also assembled in Washington, DC, where the Pakistani minister is now attending the World Bank and International Monetary Fund (IMF) annual meetings. After acknowledging the government’s efforts to enact strict economic reforms, the IMF this month approved a new $7 billion bailout package for Pakistan, claiming…
Islamabad, Oct 23: K-Electric Secures Take-or-Pay Power Generation Agreement. In contrast to the previous model, which was somewhat different, K-Electric has been able to secure an IPP-type tariff for its power producing component. With a US$ ROE of 14 percent (against the need of 15 percent), the corporation has secured a “take or pay” structure for its power producing units in the new MYT FY24-30. The new tariff will be unbundled in three distinct portions, namely (1) Generation, (2) Transmission, and (3) Distribution (network/supply) Tariff, per a report by Topline Securities. In the past, the business had a single tariff…
Islamabad, Oct 23: Gold Prices Surge in Pakistan, Reaching Record High with Rs. 65,000 Increase Per Tola This Year. As the price of gold in Pakistan approached the Rs. 300,000 per tola milestone on Wednesday, it saw yet another significant surge. The price of gold (24 carats) rose by Rs. 2,000 per tola to Rs. 285,400, while the price of 10 kilos jumped by Rs. 1,714 to Rs. 244,684, according to data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The price of gold has increased in the local market for the sixth consecutive day, and each time…
