Islamabad, Nov 19: Pakistan’s Consumer Price Index (CPI) for November 2024 is projected to range between 4.5% and 5.0% year-on-year (YoY), with a monthly increase of 0.4%. This brings the 5-month FY25 average inflation to 7.91%, a significant drop from 28.62% recorded during the same period in FY24. Food and Energy Contributions Food inflation for November is expected to rise by 0.2% month-on-month (MoM), driven by higher prices of eggs, Pulse Moong, tomatoes, and potatoes, with increases ranging from 5% to 35%. The housing, water, electricity, and gas segment is predicted to grow by approximately 0.11% MoM due to a…
Author: Mawadat Fatima
Islamabad, Nov 19: The Federal Directorate of Education (FDE) has announced updated winter schedules for educational institutions under its jurisdiction, effective from December 1, 2024, to January 31, 2025. These revised timings apply to Islamabad Model Schools/Colleges and ex-FG Colleges in both urban and rural regions. Updated Schedules Single-Shift Schools: Monday to Thursday: 8:30 am – 2:00 pm Friday: 8:30 am – 12:30 pm Montessori/Prep Classes: 8:30 am – 12:30 pm Early Childhood Education (ECE) Programs: ECE-I: 8:30 am – 11:30 am ECE-II: 11:30 am – 2:30 pm Double-Shift Schools: Morning Shift: Monday to Thursday: 8:30 am – 1:30 pm…
Islamabad, Nov 19: A recent report highlights Google’s plans to merge Android and Chrome OS, aiming to transform Chrome OS into Android. This initiative is part of the company’s strategy to compete with Apple’s iPad. While the decision may appear surprising, it aligns with Google’s history of making bold and unconventional moves. Sources suggest that Chrome OS will fully migrate to Android, though the broader impact of this transition remains uncertain. Earlier this year, Google revealed its intention to integrate some Android features into Chrome OS. However, the latest report points to a deeper and more comprehensive merger. It is unclear…
Islamabad, Nov 19: Pakistan Secures Bronze at WBSC Blind Baseball International Cup Historic Achievement in Sports Pakistan secured the bronze medal at the WBSC Blind Baseball International Cup, defeating host nation the United Kingdom 6-0 in the third-place playoff at Farnham Park, Slough. The Pakistani team took an early lead, racing to a 2-0 advantage after the first inning, then added 4 more runs in the third inning to dominate the hosts. Ghulam Sarwar was the standout performer for Pakistan, contributing 2 runs from 4 hits in 4 at-bats as the Short Stop. Other key contributors included Asghar Qadeer, Zahid…
Islamabad, Nov 19: The Pakistan Stock Exchange (PSX) has reached a historic achievement, as the benchmark KSE-100 Index surpassed the 95,000-point mark for the first time ever. On Monday, the KSE-100 Index surged by 878 points, hitting an all-time high of 95,874 points. This surge reflects strong investor confidence, driven by positive market sentiment and favorable economic indicators. Analysts attribute this growth to several key factors, including strong corporate earnings, foreign investment inflows, and optimism surrounding Pakistan’s economic policies. The breakthrough of the 95,000-point barrier is viewed as a major milestone in the PSX’s growth. This development further solidifies the…
Islamabad, Nov 19: E-Processing Systems Pvt. Ltd. (EPS) has achieved a major breakthrough by obtaining a commercial license from the State Bank of Pakistan (SBP) for its digital platform, OneZapp. As an approved Electronic Money Institute (EMI), this initiative aims to tackle financial exclusion and advance digital payment services across the country. Addressing Financial Challenges with OneZapp A significant portion of Pakistan’s population, particularly in rural and underserved areas, lacks access to formal financial services. These individuals often rely on cash-based transactions that are inefficient, risky, and costly, limiting their economic participation. OneZapp: Transforming Accessibility OneZapp is specifically designed to…
Islamabad, Nov 19: Euronet and CMA Partner to Accelerate SBP RAAST Program Expansion Euronet Pakistan, a prominent card and payment processing company under the NASDAQ-listed Euronet Worldwide, has partnered with CMA, a Sweden-based global leader in real-time payment solutions. CMA also serves as the primary technology provider for the State Bank of Pakistan’s RAAST Instant Payment System (IPS) and RTGS program. This collaboration introduces a seamless “plug-and-play” system for RAAST and RTGS payment processing, hosted locally and backed by robust service-level agreements (SLAs). The initiative ensures exceptional scalability, reliable uptime, and optimal performance. Key Features of the Partnership Streamlined Payment…
Islamabad, Nov 19: SECP Significantly Increases Fees for Company Registration Amid Reforms The Securities and Exchange Commission of Pakistan (SECP) has announced a substantial hike in fees for document submissions by various categories of companies. This increase, enacted through SRO 1806(I)/2024, amends the Seventh Schedule of the Companies Act 2017. Revised Fee Structure The SECP has raised the electronic submission fee for registering a company with a nominal share capital of up to Rs. 100,000 from Rs. 1,100 to Rs. 5,500. For manual submissions, the fee has increased from Rs. 2,200 to Rs. 10,000. For applications seeking approval, sanctions, permissions,…
Islamabad, Nov 19: Oppo has officially announced the launch date of its highly anticipated Reno 13 Series, a lineup set to redefine smartphone standards. Scheduled to debut globally on [November 25], the Reno 13 Series promises cutting-edge technology, sleek designs, and groundbreaking features tailored for tech enthusiasts and casual users alike. What to Expect from the Oppo Reno 13 Series Building on the success of the Reno 12 Series, Oppo is set to introduce advanced innovations that elevate the user experience. The Reno 13 Series features state-of-the-art processing power, a revolutionary camera system, and an elegant design that caters to…
Islamabad, Nov 19: Dubai city of dreams remains bright to being a home for tourists and expatriates. Rated for its simplicity of access in Kearney’s Global Cities index, Dubai is already establishing standards in accommodations, transportation and arts. If you are planning on visiting this great city, here’s the ultimate guide that will make your trip smooth and great. Logistics: Getting Around Dubai Streamlined Transportation Download the Careem app for hassle-free ride-hailing. Taxis are readily available at Dubai International Airport (DXB), so no pre-booking is needed. Stay Connected Tourists receive a free DU SIM upon arrival, preloaded with talk time…
