Islamabad, Oct 4: PMD Forecasts Rainfall in Upper Pakistan from October 5-8, Cooling Northern Regions. Following many days of intense heat and dry weather throughout the nation, the Pakistan Meteorological Department (PMD) has predicted rain, wind, and thunderstorms for the country’s upper regions. Based on the synoptic conditions, a westerly wave was expected to move toward the country’s upper regions on October 5.This weather system is expected to cause rain, wind, and thunderstorms, with isolated hailstorms, in the following locations: Islamabad, Rawalpindi, Murree, Galliyat, Attock, Chakwal, Jhelum, Mandi Bahauddin, Gujrat, Gujranwala, Lahore, Kasur, Okara, Sheikhupura, Sialkot, Narowal, Hafizabad, Wazirabad, Khushab,…
Author: Iqra Khan
Islamabad, Oct 4: Foreign exchange rates. The following exchange rates bulletin was released here on Friday by the Financial Markets Association of Pakistan’s Exchange Rates Committee. CONVERTION RATES FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS ON OCTOBER 4, 2024 (EXCLUDING FE 25 DEPOSITS) Date of Settlement for SBP: October 8, 2024 . As of now, the foreign exchange rates show that key currencies like the US dollar (USD), euro (EUR), British pound (GBP), and others continue to fluctuate. For example, the current rate for EUR/USD is 1.1027, and USD to INR is around 83.28 . If you’re looking to…
Islamabad, Oct 4: Nasser Hussain Cautions England against Underestimating Pakistan Ahead of Upcoming Matches. Commentator Nasser Hussain discusses the forthcoming test series between England and Pakistan. Hussain said, “The last time England was there, Pakistan in Karachi where they’ve played, they were just fortresses,” in an interview with a news organization. Very few teams were able to prevail there. Pakistan has played nine test matches since that tour, winning just two of them (at home and away), and losing their last five. Pakistan has always been a volatile team with ups and downs, but right now they’re at an all-time…
Islamabad, Oct 4: Government Incurring Rs. 8 Billion Monthly Loss Due to FBR’s Delay in Implementing 18% Tax on Steel Furnaces. The failure of the Federal Board of collection (FBR) to impose an 18% sales tax on steel furnaces that use scrap that is supplied locally has resulted in the loss of Rs. 8 billion in tax collection per month. Registered companies utilizing imported raw material are paying the lump-sum 18 percent tax on steel furnaces but FBR has yet to issue the requisite SRO to force tax-evading enterprises to pay the same amount. For the first quarter of the…
Islamabad, Oct 4: Federal Government Set to Transfer Green Line Bus Service Operations to Sindh Government. In December 2024, the federal government will transfer control of the Green Line Bus Service to the government of Sindh. According to a statement released on Friday, the Sindh government has completed the necessary steps to take over management of the Green Line’s operations. Sharjeel Inam Memon, the senior minister of Sindh, presided over a high-level meeting in Karachi. The meeting was attended by Transport Secretary Asad Zamin, Managing Director of Sindh Mass Transit Authority Kamal Hakeem Dayo, Trans Karachi CEO Shumaila Mohsin, and…
Islamabad, Oct 4: Malaysian Prime Minister Wraps Up Productive Three-Day Visit to Pakistan, Strengthening Bilateral Ties. Anwar Ibrahim, the prime minister of Malaysia, left for Pakistan on Friday after concluding a three-day official visit that, in his words, had “great personal significance.” Alongside him at the airport were senior officials, members of the federal cabinet, and Deputy Prime Minister and Foreign Minister Ishaq Dar, who had welcomed the Malaysian prime upon his arrival on Wednesday. Anwar Ibrahim led the delegation-level meetings, had a “productive discussion” with President Asif Ali Zardari, and met one-on-one with Prime Minister Shehbaz Sharif while on…
Islamabad, Oct 3: UAE Expat Recognized for Impeccable Driving Record, Encourages Overseas Pakistanis to Adhere to Road Safety Rules. This week, expat Muhammad Siddique Baksh, who was recently acknowledged by Dubai Police for having a “flawless” driving record with no traffic infractions for 55 years, urged other Pakistanis to abide by local laws, citing them as the key to unlocking “doors of bright opportunities” for him during his nearly six decades of residency in the. The praise for Baksh follows extensive claims of a downward trend in Pakistani employment abroad because of their purported disregard for regional laws and customs.…
Islamabad, Oct 3: Paris Fashion Week Louis Vuitton Dazzles with Flouncy, Layered Designs at the Louvre. On Tuesday, the final day of Paris Fashion Week, Nicolas Ghesquiere, the womenswear designer for Louis Vuitton, unveiled a collection of layered ensembles with short, voguish skirts and puffy-sleeved jackets for the brand’s spring-summer debut. The runway, which was assembled in a makeshift location within the Louvre Museum’s courtyard, was constructed from a collage of trunk facades. It passed through the middle of the room and, as it rose up into a podium, signaled the beginning of the performance. Out came the models, flaunting…
Islamabad, Oct 3: Kamal Reaffirms Commitment to Foster a Conducive Environment for Foreign Investment. Minister for Commerce Jam Kamal has reaffirmed Pakistan’s commitment to create a conducive environment for foreign investment particularly for Malaysian traders. He was talking to Malaysian Minister for Investment, Trade and Industry Datuk Seri Utama Tengku Zafrul Bin Tengku Abdul Aziz who called on him in Islamabad today. Minister for Commerce emphasized that there is huge potential to grow bilateral trade between the two sides.He told Malaysian Minister that recently Government of Pakistan has removed Minimum Export Price for rice to allow Pakistani exporters to negotiate…
Islamabad, Oct 3: Chinese Investment Essential for Stabilizing Pakistan’s Economy, Says Minister. According to a statement from the ministry, Pakistan’s Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal, stated on Wednesday that Chinese financial support and investment had been crucial in stabilizing Pakistan’s economy during difficult times. Iqbal reaffirmed Pakistan’s commitment to bolstering collaboration across multiple sectors while presiding over a meeting with senior government officials here to discuss improving cross-sectoral cooperation and creating a comprehensive action plan to develop economic ties with China. Iqbal was quoted in the release as stating that Chinese projects under the China-Pakistan Economic…
