Islamabad, Feb 11: Karachi is bracing for a rise in temperatures from midweek, with daytime highs expected to reach 32°C, as per the Pakistan Meteorological Department. The Early Warning Centre forecasts stronger sunshine starting Wednesday, intensifying the heat. The minimum temperatures are predicted to be around 17°C on Wednesday and 18°C on Thursday. Although the daytime temperatures could exceed 32°C, cooler nights are expected to persist. Additionally, sea breezes are anticipated to help alleviate the heat starting tomorrow. However, foggy conditions could affect central and northern Sindh during the morning hours.
Author: Iqra Khan
Islamabad, Feb 11: The Federal Public Service Commission (FPSC) chairman, Lieutenant General (Retd.) Akhtar Nawaz Satti, has provided an estimated timeframe for the announcement of the CSS 2024 results, stating that the results are expected to be declared in the last week of April 2025. This information was shared during a hearing at the Islamabad High Court, where Justice Mohsin Akhtar Kayani was considering a petition requesting a delay in the CSS 2025 exams until the results for CSS 2024 are announced. Among the petitioners was Hamza Javed, who was represented by Advocate Ali Raza.
Islamabad, Feb 11: Engro Polymer & Chemicals Ltd (PSX: EPCL) has released its financial results for 2024, reporting a loss of Rs. 161 million (LPS: Rs. 0.40), a sharp contrast to the profit of Rs. 8,932 million (EPS: Rs. 9.12) in the same period last year. The company also saw a 61 percent year-on-year decline in its 4QCY24 profit, which stood at Rs. 2,128 million (EPS: Rs. 2.34). For the full year, net sales were recorded at Rs. 75.7 billion, marking a 7 percent decrease compared to CY23. However, on a quarterly basis, sales for 4QCY24 rose by 11 percent…
Islamabad, Feb 11: Kamran Arshad, Chairman of the All Pakistan Textile Mills Association (APTMA), has expressed deep concern over the worsening crisis in the country’s spinning industry. He revealed that over 100 spinning mills, accounting for nearly 40 percent of the industry’s production capacity, have already shut down, with the remaining mills operating at less than half of their capacity. APTMA has warned that the current pro-import tax policies are pushing the spinning industry towards collapse. According to Arshad, yarn imports hit a record 32 million kilograms in January 2025, with total imports for the fiscal year 2024-25 expected to…
Islamabad, Feb 11: BYD has introduced its new advanced driving assistance system, “God’s Eye,” aimed at integrating cutting-edge self-driving technology across its entire vehicle range, including the affordable Seagull hatchback, priced at 69,800 yuan (approximately 9,550 USD). This innovative system will be available in three different versions, each offering varying degrees of functionality, with some models featuring up to three LiDAR sensors for enhanced capabilities. The entry-level version, “God’s Eye C,” is designed for standard BYD vehicles and uses a setup of three cameras placed behind the windshield. Powered by the DiPilot 100 system with 100 TOPS of computing power,…
Islamabad, Feb 11: The future of football in Pakistan remains uncertain as the country faces ongoing challenges in resolving its governance issues. Reports indicate that the Standing Committee on Inter-Provincial Coordination (IPC) is planning to make key recommendations to FIFA in an attempt to find a solution, despite the global governing body’s firm stance against unauthorized bodies interfering in the affairs of the Pakistan Football Federation (PFF). FIFA has recently imposed another ban on Pakistan’s football activities, which could have significant consequences if the intervention from local authorities continues. Despite FIFA’s strict bylaws, which do not tolerate such interference, the…
Islamabad, Feb 11: The Pakistani rupee (PKR) closed on a positive note against the US Dollar (USD) today, after opening at 279 in the interbank market. The rupee remained stable throughout the day, with the interbank rate fluctuating between 279-281/$ before closing at 279.16, marking an appreciation of 0.02 percent or a gain of five paisas.
Islamabad, Feb 11: The Sub-Committee of the Standing Committee on Finance and Revenue has recommended deferring the consideration of the proposed Section 114C of the Tax Laws (Amendment) Bill 2024 until the Federal Board of Revenue (FBR) completes the necessary technological upgrades to its online systems and applications. The sub-committee, chaired by MNA Bilal Azhar Kayani, ruled that the FBR should demonstrate the updated online systems to the Standing Committee before moving forward with the new tax law aimed at ensuring tax compliance in the property sector. The proposed amendment is designed to restrict property purchases to tax filers who…
Islamabad, Feb 11: Meta has introduced a groundbreaking system that could make “mind typing” a reality, allowing brain activity to be translated into text. This advanced system, developed by Meta’s AI and neuroscience teams, represents a significant step toward revolutionizing communication. However, there are still notable hurdles to overcome before this technology becomes practical for everyday use. The current technology relies on a hefty half-ton machine, priced at a staggering $2 million, making it far from portable. Users must remain perfectly still during the process, as even minor head movements can disrupt the results. The system works by interpreting magnetic…
Islamabad, Feb 11: Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial assured on Tuesday that there will be no tax increase on vehicles up to 800cc. His remarks came during a session of the National Assembly’s Standing Committee on Finance and Revenue, where members reviewed the proposed Tax Laws (Amendment) Bill 2024. The discussion covered key issues, including vehicle taxation, digital invoicing, and measures to combat tax evasion. During the session, FBR emphasized its push for businesses registered under the Point of Sale (POS) system to transition to digital invoicing. This move aims to enhance transparency by allowing real-time…
