Climate Action Pakistan: Mobilink Bank, the top digital microfinance bank in Pakistan, has made significant progress in maintaining its leadership position in environmentally friendly banking operations.The Bank declared that its executive team has successfully finished an external training program on Environmental, Social, and Governance (ESG) principles. The Bank’s senior decision-makers now have the knowledge and abilities needed to incorporate ESG principles into the core of their business operations thanks to our comprehensive training program. As a member of the VEON group, a worldwide digital operator, Mobilink Bank serves close to 160 million users in six vibrant markets that account for…
Author: Iqra Khan
In order to qualify for a new program, Pakistan has been required by the International Monetary Fund (IMF) to raise the power tariff by Rs. 5 per unit by July 10, 2024.ProPakistani was informed by sources that the lender has mandated increases in gas and electricity costs as prerequisites for the new program, meaning that an increase in power prices is unavoidable. According to sources, Pakistan has also requested that the IMF provide additional funding for the upcoming program, given that the government has fulfilled all of the lender’s requirements in the budget for this year.While reports claim that the…
This week is when the thirty electric buses that arrived in Islamabad last month are scheduled to start running.These buses will run on two routes, according to the Capital DevelopmentAuthority (CDA), and the inauguration ceremony is scheduled for this Friday. It is possible that the Interior Minister or the Prime Minister will attend the July 5 ceremony. An individual engaged in the event coordination stated that the Interior Minister will probably launch this bus service, and that inauguration preparations are now under progress.With the arrival of 70 more electric buses from Karachi, CDA intends to increase the number of buses…
Honri has finally made significant progress in enhancing the range and battery of the Honri Ve after receiving feedback from customers. The Honri Ve 3.0, featuring a large 30 Kwh Li-ion battery and a 300 Km range, was just released two days ago. This version’s range is 100 kilometers farther than the 2.0 model’s, and its battery holds 12 kWh more. Apart from the battery and range, the 3.0 facelift has a 5 Kw larger battery and 3 Nm more torque than the 2.0. Honri Ve 2.0 Cost: 3.99 million Pakistani rupees PKR 4.99 million for Honri Ve 3.0 Both…
The good times are behind us. The subcompact crossover SUV Kia Stonic was previously priced at Rs. 4,767,000; however, Kia Pakistan has raised the price by Rs. 733,000 to Rs. 5,550,000. The car was originally priced at Rs. 6,280,000 ex-factory. It is important to note that the corporation shocked the automobile industry in April 2024 when it revealed a significant Rs. 1,500,000 price reduction for Stonic. Those who paid more than Rs. 6 million for the vehicle were shocked, while those who paid less than Rs. 4 million were not as much. Booking for a Kia Stonic: Kia Pakistan said…
In order to stop foreign entities like China from potentially acquiring the last privately held land on the strategically located Arctic archipelago of Svalbard, the Norwegian government said on Monday that it has stopped a plan to sell the territory.For 300 million euros ($326 million), the secluded Sore Fagerfjord property in southwest Svalbard, which spans 60 square kilometers (23 square miles) and includes mountains, plains, and a glacier, was up for sale. The archipelago is situated in an Arctic region that has grown increasingly significant in terms of geopolitics and economics as the ice melts and ties between Russia and…
A new joint venture was established with the goal of investing $300 million over the following five years in order to bolster Pakistan’s real estate sector and draw in international investment. Reportage Properties, the top real estate developer in the United Arab Emirates with its headquarters in Abu Dhabi, and Empire Holding Pakistan, the top residential and commercial real estate firm in Lahore, Pakistan, have entered into a joint venture to begin operations in the rapidly expanding Pakistani real estate market. The signing ceremony was held last Sunday at the Yas Hilton Hotel in Abu Dhabi as part of a…
The Federal Higher Education Commission. approved a pay raise for university vice-chancellors. HEC Chairman Dr. Mukhtar Ahmed presided over the 43rd meeting, where this decision was taken. The meeting came to the conclusion that pay for vice-chancellors nationwide needed to be raised and standardized since they were too low. The new pay, which includes all allowances, will be equivalent to that of a tenure-track professor at Rs. 1 million. Furthermore, the Transnational Policy 2024 was agreed at the meeting. According to this guideline, in order to admit students, 35 Pakistani universities and colleges connected to overseas universities must have a…
A new guideline regarding teachers’ leave from Pakistan has been introduced by the Higher Education Department. Teachers who wish to take study leave under this policy have to provide a Rs. 2.5 million surety bond. The new policy has been communicated to instructors and staff through a notification from the Department of Higher Education. In addition, all current cases of ex-Pakistani leave details have been requested by the department.The announcement further stated that a surety bond submission is required for all candidates on leave. In particular, applicants for study leave must submit a Rs. 2.5 million surety bond. Furthermore, a…
Senior Provincial Minister Marriyum Aurangzeb declared that the anti-smog campaign’s second phase had begun, on Tuesday. She said in a statement released here that the Smog-Free Punjab vision has required the stringent implementation of laws and regulations by Punjab’s Chief Minister, Maryam Nawaz Sharif.She mentioned that the initial three-month phase was centered on delivering technology, equipment, facilities, and technical support to all sectors. Climate Action Pakistan: She warned that breaking environmental laws will result in fines, penalties, and arrests and that over the next three months, environmental protection laws and regulations will be strictly enforced in industry, agriculture, traffic, and…
