Islamabad, Aug 26: Startling information about the Pakistan Telecommunication Authority’s (PTA) exorbitant expenditure on its former chairman and members was unearthed in a recent audit report by the country’s auditor general. The PTA has been giving its former executives millions in allowances in spite of the nation’s economic troubles. According to the audit report, the PTA gave its former chairman and members over Rs. 11 million (about $70,000) in unapproved allowances in just one year. In addition to utilities, housing rent, medical, and Eid allowances, these payments also included gratuities and allowances for orderlies and specialists. There are questions about…
Author: Mawadat Fatima
Islamabad, Aug 26: For the purpose of exploring and developing mineral mines in Pakistan, Hub Power Holdings Limited (HPHL), a wholly owned subsidiary of The Hub Power Company Limited (PSX: HUBC), has partnered with Ark Metals (Private) Limited and its shareholders in a joint venture. The company told the main bourse on Monday that “the consummation of this joint venture agreement is subject to the necessary regulatory approvals and consents.” The Company’s main endeavors are the creation, acquisition, management, and upkeep of power plants. The company owns the Hub plant, a 1,200 MW (net) oil-fired power station in Balochistan. HUBC’s…
Islamabad, Aug 26: Telegram founder and CEO Pavel Durov was arrested by French authorities outside of Paris, prompting the company to assert that he has “nothing to hide.” Telegram described it as “absurd” in an official statement to hold a platform or its owner responsible for user abuse of the service. Multiple media outlets were informed by French authorities that Durov’s apprehension is a component of an ongoing probe into illicit activity on the social media platform. Although Telegram doesn’t encrypt communications by default, users looking for a private, censorship-free social networking platform have found success with it thanks to…
Islamabad, Aug 26: Foodpanda, Pakistan’s leading online delivery platform, is excited to launch the ‘Marzi se Manzil tak’ campaign, a groundbreaking initiative aimed at empowering the people of Karachi to achieve financial independence by joining foodpanda’s diverse network of delivery riders. A vivid and colorful foodpanda float is currently cruising Karachi’s streets as part of this campaign. This mobile activation station offers prospective riders the convenience of instant registration and insightful information about the advantages and opportunities that come with being a foodpanda rider. In addition to being a visual spectacle, it also functions as an on-the-spot signup station. This…
Islamabad, Aug 26: The deadline for online Class XI admissions has been extended by the Sindh Department of College Education to August 31, 2024. For first-year intermediate students across the province, this extension provides one more opportunity to finish their admissions applications. Given the extensive delays to internet service that the students have experienced, the College Education Department made the decision to extend the deadline. September 2, 2024, is when college intermediate classes are scheduled to begin. Additionally, the department has mandated that all Karachi college principals promptly fill the SECCAP site with faculty member absence data. Principals have also…
Islamabad, Aug 26: The Pakistan Shaheens’ team for the forthcoming 50-over series against Bangladesh ‘A’ has been revealed by the Pakistan Cricket Board (PCB). The first game of the series, which will take place in Islamabad, will take place at the Islamabad Club on August 26. August 28 and August 30 are the dates of the second and third ODIs, respectively. The Shaheens’ captain going forward will be Muhammad Haris, who most recently guided the team to the Top End T20 Series semifinals in Darwin, Australia. The selectors have faith in Haris because of his leadership and wicketkeeping prowess, even…
Islamabad, Aug 26: The Ministry of Hajj has accelerated its efforts to finalize the Hajj Policy for 2025, according to a private news channel. The Ministry plans to tackle these concerns and improve facilities with the new policy. Moreover, immigration procedures under the Road to Makkah project will remain in place at Karachi and Islamabad airports, with a proposal to add Lahore Airport for the next Hajj season. An official announcement of the Hajj Policy 2025 is anticipated shortly. It is pertinent to mention that approximately 160,000 Pakistani pilgrims performed the last Hajj. The country had a quota of 179,210…
Islamabad, Aug 26: In its 1HCY24 financial report, Service Global Footwear Limited (PSX: SGF) reported an unconsolidated profit after tax of Rs. 461 million, a YoY increase of 6%. In 2QCY24, the unconsolidated earnings on a quarterly basis were Rs. 75 million, a 59 percent YoY decline. According to Arif Habib Limited, topline for 1HCY24 came in at Rs. 8.287 billion, up 12 percent YoY from Rs. 7.417 billion in SPLY as a result of the devaluation of the PKR and a rise in exports. Sales decreased by 18% QoQ and 2% YoY in 2QCY24 as a result of muted…
Islamabad, Aug 26: Traders will make their new requests known to the Federal Board of Revenue (FBR). Among these demands is the removal of the fixed monthly tax that applies to stores and retail outlets starting in August 2024. In an attempt to oppose the “trader-friendly scheme,” the traders will meet with the Federal Board of Revenue (FBR) on August 27 before going to any extreme lengths, such as staging a shutter-down strike on August 28. Before taking any drastic action, such as a shutter-down strike on August 28, the Federal Board of Revenue (FBR) has requested that the traders’…
Islamabad, Aug 26: Lahore: According to a report on August 26, Punjab Chief Minister Maryam Nawaz proposed the creation of Parks and Horticulture Authorities (PHAs) in each district of the province to improve cleanliness. According to specifics, the Chief Minister has ordered lamps to be turned on in every city and that as many trees as possible be planted. She emphasized the dedication of the province government to resolving societal concerns and raising standard of living in general. Chief Minister Nawaz emphasized that the goal of establishing PHAs in every district is to greatly increase activities related to cleaning and…