Islamabad, Sep 26: Even though cut-off yields on a range of tenors have been steadily declining, foreign investors have poured a record $55 million into Pakistan’s short-term Treasury bills (T-bills) in the first week of September. Early September saw a shift in the investment environment as a result of macroeconomic stability, following slow inflows in August. $28.624 million and $26.707 million of the $55.332 million invested in T-bills came from Bahrain and the United Kingdom, respectively. Foreign investors have found the 17.47% return on the three-month T-bills extremely appealing, especially in light of the recent interest rate reduction by the…
Author: Iqra Khan
Islamabad, Sep 26: Romina Khurshid Alam, the prime minister’s coordinator for environmental coordination and climate change, has emphasized the significance of youth involvement in combating climate change, seeing it as a critical issue for the survival of future generations. Speaking at an event on Wednesday at Aiwan-e-Iqbal about the COP simulation held here, she urged young people to become involved in order to promote environmental stewardship in Pakistan in a proactive manner. She emphasized that in order to effectively address the issues raised by environmental degradation, it is critical to develop a compelling narrative around climate preservation. “Our youth’s participation…
Islamabad, Sep 26: In honor of World Contraception Day 2024, Bayer Pakistan and the Association for Mothers & Newborns (AMAN) pledged to work together, bringing their combined knowledge and experience to bear in educating Pakistan’s populace about contemporary contraceptive methods and their safe application. The first of several scheduled scientific sessions for doctors to be held across the nation to raise awareness on how modern contraceptive techniques can help to women’s wellbeing and child health took place after an agreement signing ceremony between the two parties. World Contraception Day (WCD), which is observed worldwide and is backed by a coalition…
Islamabad, Sep 26: A “historic” graduate internship program in agriculture has been introduced by Chief Minister Maryam Nawaz Sharif, who is providing a monthly stipend of Rs 60,000 to 1,000 graduates. On Wednesday, during a ceremony at the University of Agriculture Faisalabad, she gave appointment letters to the chosen graduates. The chief minister emphasized in her address that 95% of her cabinet’s ministers are young. She stressed that not a single job in Punjab has been given out without due process while she has been in charge. Maryam Nawaz added that no other administration had unveiled a package akin to…
Islamabad, Sep 26: At a special event in Karachi, the International Finance Corporation (IFC) and Pakistan Telecommunication Company Limited (PTCL) jointly announced and celebrated the historic financing agreement for PTCL’s acquisition of Telenor Pakistan and Orion Towers (Private) Limited, subject to regulatory approvals. In order to purchase all of the shares in Telenor Pakistan and Orion Towers (Pvt.) Ltd., PTCL and Telenor (ASA) inked a share purchase agreement in December 2023. The transaction price of PKR 108 billion was paid in cash and without taking on any debt. After PTCL approached IFC for project funding, the project was accepted in…
Islamabad, Sep 26: The Higher Education Commission (HEC) provided clarification, stating that Urdu has never been required as a subject for undergraduates. Nonetheless, the subject is still taught at levels similar to or greater than secondary higher education. The clarification concerned a false report that had surfaced about Urdu’s removal as a required subject for undergraduates. Furthermore, it is made clear that all significant parties were consulted throughout the development of HEC Undergraduate Education Policy V 1.1. (2023), and the policy was finalized as a result. It should be mentioned that HEC has designed a curriculum for a full-fledged specialized…
Islamabad, Sep 26: The price of gold in Pakistan reached Rs. 277,000, continuing on its unprecedented upward trajectory on Thursday. The price of 24 carat gold climbed by Rs. 1,500 per tola to Rs. 277,700, while the price of 10 kilos jumped by Rs. 1,285 to Rs. 237,482, according to figures released by the Karachi Sarafa Association. The price of gold increased by Rs. 2,500 per tola on Wednesday to reach an all-time high of Rs. 275,500 per tola, following a Tuesday increase of Rs. 1,100 per tola. At the time of filing, spot gold prices on the global market…
Islamabad, Sep 26: World Tourism Day is a reminder of the incredible opportunities Pakistan holds through its rich and diverse heritage. From the snow-capped peaks of the north to the historical treasures of the south, Pakistan offers a blend of natural beauty, culture, and history that can play a key role in boosting its economy. Tourism is not just about traveling it’s about sharing stories, experiencing new cultures, and discovering hidden gems. Pakistan, with its breathtaking landscapes, centuries-old architecture, and vibrant local traditions, is a treasure trove waiting to be explored by the world. The northern regions, with their majestic…
Islamabad, Sep 26: Saudi Arabia would receive the trained labor exported by the Overseas Employment Corporation (OEC), which is a division of the Ministry of Overseas Pakistanis and Human Resource Development (OP&HRD). The Saudi Ministry of National Guard – Health Affairs will employ skilled workers as Tradesman Assistants, according to an official source who spoke with APP on Thursday. These workers must meet specific requirements and have experience as Tradesman Assistants (Age 25-50). Education requirements include a high school diploma, a diploma from a technical college or engineering school, or completion of a recognized apprenticeship program from an accredited institution.…
Islamabad, Sep 26: The business that created ChatGPT, OpenAI, is apparently preparing a big organizational change that would take authority away from its nonprofit board. The artificial intelligence company is making this change in an effort to simplify its governance structure and draw in new investors. CEO Sam Altman is anticipated to get his first share of the company’s ownership as a result of this reorganization.A significant shift in OpenAI’s leadership aligns with the announcement. Longtime Chief Technology Officer Mira Murati made her exit known on social media site X (formerly Twitter). When CEO Sam Altman was momentarily removed off…
