Islamabad, Nov 27: ECC Highlights Concerns Over Delays in Decision Implementation. Senator Muhammad Aurangzeb, the federal minister of finance, presided over a special session of the Cabinet’s Economic Coordination Committee (ECC) on Wednesday at the Finance Division. The meeting examined the state of implementation of several previous ECC policy decisions about finance, the interior, industries and production, interprovincial coordination, housing and works, food security and research, power, and the regulation and coordination of national health services. Following a briefing on the general state of implementation of its previous rulings, the ECC heard separate presentations from the pertinent ministries outlining the…
Author: Iqra Khan
Islamabad, Nov 27: PPAF Provides Interest-Free Loans to Support Over 25,000 Families. Through the Pakistan Poverty Alleviation Fund (PPAF), the government gave interest-free loans to more than 25,000 people in October 2024 as part of its efforts to improve impoverished neighborhoods. Under the project, which was carried out in cooperation with partner organizations, ultra-poor households nationwide have received loans totaling 1.2 billion rupees.An official source claims that the program’s objectives are to empower economically disadvantaged groups in society, improve financial inclusion, and establish sustainable lives. Beneficiaries’ financial circumstances should improve as a result of this endeavor since it will allow…
Islamabad, Nov 27: Huawei Unveils Mate 70 Series, Advanced Cameras and Enhanced Displays Lead the Way. At a Shenzhen event, Huawei unveiled the Mate 70 and Mate 70 Pro, two models in the new Mate 70 series. These two models offer slight enhancements in terms of display, cameras, and design. Display and Design Huawei continues to prioritize build quality and longevity with the Mate 70 series. However, the Mate 70 stands out from the rest of the lineup because to its flat frame and slender 7.8mm design. Both have an IP69 rating, which protects against dust and water, and second-generation…
Islamabad, Nov 27: Instagram Enhances DMs: New Location Sharing, Stickers, and Features Rolled Out. Among other improvements, Instagram is launching a new feature that allows users to send direct messages (DMs) to friends and family with their current location. Users can share their position in real time for up to an hour with this service, which is presently only available in a few countries. To aid in planning, users can also pin a particular spot on a map, like a restaurant or meeting spot. This is how it seems It’s crucial to remember that live location sharing is completely private…
Islamabad, Nov 27: Motorway Maintenance Complete: Major Routes Reopen for Smooth Travel. All of the freeway segments that were blocked on November 22 for repair have been reopened by the National Highways and freeway Police (NHMP). All motorways under the NHMP’s jurisdiction, such as the M-2 from Islamabad to Lahore, the M-3 from Lahore to Abdul Hakeem, the M-4 from Pindi Bhattian to Multan, the M-14 from Dera Ismail Khan to Hakla, and others, were fully operational for commuters, according to Muhammad Saqib, spokesman for the Motorway Police Northzone. For more information on traffic conditions, the NHMP advised the public…
Islamabad, Nov 27: November 2024 Inflation Projected to Stay Between 5.8% and 6.8%. In November 2024, the federal government has projected that inflation will stay between 5.8 and 6.8 percent. The Ministry of Finance’s November 2024 Economic Update and Outlook states that Pakistan’s economy is seeing a steady rebound during the current fiscal year. It is anticipated that inflation will stay between 5.8 and 6.8 percent in November and then drop to 5.6 to 6.5 percent by December 2024. The report asserted that the first four months had demonstrated better-than-expected development, as evidenced by declining interest rates, a noticeable rise…
Islamabad, Nov 27: New SBP Regulations Expected to Challenge Profit Margins of Islamic Banks. The State Bank of Pakistan (SBP) recently amended the profit-sharing structure for savings deposits held by Islamic Banking Institutions (IBIS) in IFPD Circular No. 09 of 2024. Significant modifications are introduced by this new rule to guarantee fair competition in the banking industry. Arif Habib Limited claims that the increased cost of savings deposits brought on by the MDR requirement will put pressure on IBI profitability. Except deposits held by financial institutions, public sector businesses, and public limited corporations, this impact will mostly affect PKR savings…
Islamabad, Nov 27: Emirates Showcases Its First A350 Aircraft in Official Unveiling. At a special event presentation in Dubai, Emirates formally introduced the first Airbus A350-900 to enter its fleet. VIP guests, aerospace partners, government officials and dignitaries, members of the media, and aviation enthusiasts attended the event, which was hosted by Sir Tim Clark, President of Emirates Airline, in the presence of His Excellency Abdulla Bin Touq Al Marri, UAE Minister of Economy. Visitors had the opportunity to explore the aircraft’s interior, which featured the newest innovations and next-generation products. With 32 next-generation Business Class lie-flat seats, 21 Premium…
Islamabad, Nov 27: Schools and Colleges in Islamabad and Rawalpindi Set to Reopen Tomorrow (Thursday), all government and private schools in Rawalpindi and Islamabad will reopen after being closed for three days due to a protest organized by the Pakistan Tehreek-e-Insaf (PTI). Interior Minister Mohsin Naqvi made the declaration following a clearance operation in which PTI demonstrators were driven out of the demonstration site. According to Naqvi, “mobile internet services will be restored by Wednesday morning, and schools will reopen tomorrow (Thursday).” Parents were worried about how the disturbance would affect their children’s education because the schools had been closed…
Islamabad, Nov 27: Pak-China B2B Meeting Aims to Boost Cooperation in Animal Fodder, Fruits, and Vegetables. The Pakistan-China B2B Conference in Beijing concentrated on the animal feed and fruit and vegetable processing industries to strengthen economic cooperation and investment links between the two nations. Over 200 business group representatives from Weifang, Qingdao, Karachi, and other Chinese and Pakistani cities attended the meeting, which saw the signing of 13 Memorandums of Understanding (MoUs) totaling RMB 250 million. These agreements covered everything from establishing joint ventures in Pakistan to importing seafood, citrus, and animal feed from Pakistan to China. Representatives from Pakistan…
