Islamabad, Oct 18: Romina Khurshid Calls on Climate Authority to Collaborate with Stakeholders for Unified Climate Action Strategy. Romina Alam, the Prime Minister’s Climate Change Coordinator, has called on the Pakistan Climate Change Authority (PCCA) to fulfill its mandate to intensify coordination and cooperation between federal and provincial government agencies in order to meet the goals of low-carbon development, environmental sustainability, and climate resilience. “Driving Pakistan’s long-term sustainability and climate resilience actions is inevitable for ensuring that the country is better prepared to cope with the present and the future exacerbating impacts of climate change in various socio-economic sectors, particularly…
Author: Iqra Khan
Islamabad, Oct 18: Startups Attract Significant Investor Interest, Surge in Funding Opportunities for Innovative Ventures. At the four-day Extend North Star international startup show, which ended in Dubai on Wednesday, Pakistani startups left a lasting impression. These firms attracted a lot of interest from foreign investors by showcasing their creative solutions, indicating strong development potential for Pakistan’s developing tech sector. The occasion gave Pakistani businesses a worldwide stage on which to showcase their solutions in the fields of sustainability, e-commerce, health technology, and fintech. “Our startups Attract and held productive meetings with investors and other startups, allowing them to evaluate…
Islamabad, Oct 18: DHA Peshawar Unveils Construction Incentives for Sector G and Prism: Boosting Development Opportunities. The Defence Housing Authority Peshawar (DHAP) recently announced that site owners in Sector G and Prism will be eligible for special construction incentives through December 31. This effort, which was announced on October 17 via DHA’s official Facebook handle, is part of the organization’s continuous commitment to provide its members a better quality of life. Among the incentives’ salient features are: Extended Timeline: Plot owners now have an extra year from the date of possession to begin development without incurring fines. Design charge Waivers:…
Islamabad, Oct 18: RCCI Engages with DC on Rawalpindi Ring Road Progress and Civic Issues, Collaborative Efforts for Urban Development. Usman Shaukat, the president of the Rawalpindi Chamber of Commerce and Industry (RCCI), met with Dr. Hassan Waqar Cheema, the deputy commissioner, to talk about the status of important projects and city-wide civic concerns. The information cited below is taken from October 17 articles. According to specifics, the meeting’s main subjects were the development of the local business zones and the current Ring Road project. The group urged for quicker building and went into detail about the possible advantages these…
Islamabad, Oct 18: Car Financing Sees First Increase in 27 Months Signs of Recovery in Auto Loan Market. According to data released by the State Bank of Pakistan (SBP), car financing rose by Rs. 245 million to Rs. 228 billion by the end of September. After 27 months, auto finance rose by Rs. 245 million, according to Arif Habib Limited. The primary cause of this was the drop in interest rates. Auto finance has decreased by about 16 percent since September 2023. Despite a cooling influence in the central bank’s key lending rate and some improvement in consumer prices, the…
Islamabad, Oct 18: Women in Law Session Focuses on Competition Law and Regulatory Practices.The Competition Commission of Pakistan (CCP), in collaboration with Islamabad High Court Bar Association (IHCBA) and Women in Law Initiative Pakistan, held a dedicated session titled ‘Competition Law & Practice’. This session provided a platform for lawyers to interact with Regulator and discuss on matters pertaining to legal fraternity that is into practice of Competition Law. The participants included senior officials from the CCP, office bearers of Islamabad High Court Bar Association WIL and a large number of female lawyers. In his keynote address, Mr. Salman Amin…
Islamabad, Oct 18: Rupee Surges Significantly Against US dollar, Closing Out a Quiet Week with Strong Gains. After starting the week at 278 in the interbank market, the Pakistani rupee (PKR) saw modest advances versus the US dollar (USD). It closed higher against the greenback after being positive all 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. Several currency counters’ open market rates stayed between 278 and 280 today. After rising 17 paisas versus…
Islamabad, Oct 18: Climate Finance Accelerator Showcases Innovative Pakistani Climate Projects at Investor Roadshow. The UK-funded Climate Finance Accelerator (CFA) Pakistan kicked off its two-day Investor Roadshow in Karachi today, bringing together seven innovative climate mitigation projects spanning sectors such as power, e-mobility, healthcare, food, agriculture, and technology. The CFA, implemented by DAI Pakistan on behalf of the UK Government, has provided the projects with technical, financial, and gender inclusion expertise to help ready them for investment. The third cohort of projects marks a significant milestone in the UK’s efforts to bolster Pakistan’s environmental sustainability and climate resilience. Designed to…
Islamabad, Oct 18: BF Biosciences to Make Official Debut on PSX This Monday: Major Milestone for Pakistan’s Pharmaceutical Sector. The Pakistan Stock Exchange (PSX) will formally list BF Biosciences Limited (BFBIO) on Monday. October 21, 2024, trading in the company’s shares will start on PSX’s Main Board and be settled on a T+2 basis. Wednesday, October 23, 2024, will be the first settlement date. One share of PKR 3 will be the company’s market lot. The Central Depository Company of Pakistan Limited (CDC) has already deemed the company’s shares to be an acceptable security, and the National Clearing Company of…
Islamabad, Oct 18: Hyundai Teases Launch of New Elantra Hybrid, Anticipation Grows for the Upcoming Model Release. A few teaser pictures and a film that Hyundai Nishat just released allude to an impending debut in Pakistan. Although no vehicle is seen in the teasers, there is increasing conjecture that the eagerly awaited seventh generation Elantra may finally be arriving in the local market. A Hyundai Elantra Hybrid was allegedly observed in Balochistan back in August 2024, maybe while undergoing road testing. This sighting sparked conversations in the automotive sector and raised hopes for a new Hyundai hybrid product. Hyundai debuted…
