Islamabad, Sep 25: The Pakistan Telecommunication Authority (PTA) has introduced a new Framework for Wireless Local Area Network (WLAN) 2024, aimed at enhancing digital connectivity. However, concerns regarding interference risks could hinder its effectiveness, particularly in urban settings. Key Objectives and Benefits The framework seeks to democratize access to spectrum in unlicensed bands such as 2.4 GHz, 5 GHz, and 6 GHz, allowing service providers, including smaller companies, to expand wireless connectivity without heavy licensing fees. Shahzad Arshad, Chairman of the Wireless & Internet Service Providers Association of Pakistan, highlighted that this approach promotes innovation and provides opportunities for growth…
Author: Mawadat Fatima
Islamabad, Sep 25: BF Biosciences is gearing up for its Initial Public Offering (IPO), with the book-building phase scheduled for 25th and 26th September. During this phase, high-net-worth individuals and institutional investors will subscribe to 100% of the issue size, aiming to raise between Rs. 1.38 billion and Rs. 1.93 billion. The floor price for the IPO has been set at Rs. 55 per share, with a potential maximum strike price of Rs. 77 per share, which could bring the total raised to Rs. 1.93 billion. BF Biosciences, a leading player in biotech pharmaceuticals in Pakistan, plans to use the…
Islamabad, Sep 25: Provincial Minister of Health and Emergency Services, Khawaja Salman Rafique, has announced the imminent launch of a Motorway Ambulance Service in Punjab. The service will cover all motorways and adjacent areas, including 76 interchanges and 1,588 kilometers of motorway. Speaking during a visit to a motorway interchange, Rafique emphasized the service’s importance in providing timely rescue, particularly for highway accidents. He described this as another significant welfare initiative by Chief Minister Punjab. Previously, the minister had stated that this service would provide rapid medical assistance for critical cases on motorways. According to him, rescue teams are currently…
Islamabad, Sep 25: In a significant crackdown on illegal constructions and unauthorized commercial buildings, LDA teams demolished eight structures and sealed 17 commercial properties during an operation on Tuesday. Led by Chief Town Planner-I Asad Zaman, the operation targeted areas such as Sabzazar, Multan Road, Allama Iqbal Town, and Marghzar Colony, following the directives of LDA DG Tahir Farooq. Zaman reported that an illegal warehouse was demolished, along with structures in Canal View Society and at the Sabzazar truck stand. A marriage hall in Sabzazar’s P Block and illegal hotel sheds in Allama Iqbal Town’s Karim Block were also torn…
Islamabad, Sep 25: The 2024 Ballon d’Or winner has reportedly been leaked ahead of the official ceremony set for October 28. With past winners Lionel Messi and Cristiano Ronaldo no longer in contention, the race for the prestigious award is wide open. Contenders such as Erling Haaland, Vinicius Jr, Rodri, Jude Bellingham, and Kylian Mbappé are all vying for the prize. However, two favorites have emerged: Rodri of Manchester City and Vinicius Jr of Real Madrid. Rodri, who was a strong contender due to his performances last season, is now sidelined with a serious knee injury, possibly ruling him out…
Islamabad, Sep 25: Virtual University has extended the application deadline for its Fall 2024 semester to September 30. The announcement, made via a press release, gives prospective students more time to apply for a variety of BS programs in fields such as Computer Science, Business Administration, Psychology, Mathematics, Mass Communication, and Bio Sciences. The university also offers associate degree programs, providing flexible learning options designed to meet current industry demands. Additionally, over Rs80 million in scholarships are available for deserving students, as part of the university’s commitment to accessible education.
Islamabad, Sep 25: Amazon Italy accidentally leaked key details about the upcoming Xiaomi 14T series ahead of its official launch on September 26. The listing, although removed quickly, provided information about pricing, promotional offers, and specifications. Buyers of the Xiaomi 14T Pro will receive a free Redmi Pad Pro (6/128 GB) worth €330 and a 120W charger valued at €60. The 256 GB variant of the 14T Pro is priced at €800, while the 512 GB model will cost €900. While pricing for the standard Xiaomi 14T was not visible, reports suggest it may start around €650, in line with…
Islamabad, Sep 25: Federal Board of Revenue (FBR) Chairman Rashid Mahmood announced that the government has decided to completely abolish the concept of non-filers in income tax laws. This move is part of a larger initiative to transform Pakistan’s cash economy into a documented economy and reduce the tax gap, which currently stands at Rs. 7.1 trillion. During a presentation to leading business and trade groups, Mahmood explained that the category of non-filers would be eliminated, alongside banning the use of cheques for cash withdrawals beyond a certain threshold. The government also plans to abolish Schedule 10 from the Income…
Islamabad, Sep 25: The Asian Development Bank (ADB) has projected a modest recovery in Pakistan’s GDP growth to 2.4% for fiscal year 2024, with further growth of 2.8% expected in fiscal year 2025. This recovery is supported by higher domestic consumption, increased agricultural income, and workers’ remittances. However, the ADB emphasizes the importance of adhering to economic reforms to sustain this growth and stabilize the macroeconomic environment. Inflation in Pakistan, which averaged 23.4% in FY2024, is expected to decrease to 15% in FY2025 due to more regulated monetary policy and stable food prices. Despite risks, the continued focus on reforms,…
Islamabad, Sep 25: Bank Alfalah, a prominent commercial bank in Pakistan, achieved international recognition at the 2024 Global Islamic Finance Awards (GIFA), securing two prestigious honors: the Islamic Banker of the Year 2024 and the Best Islamic Banking Window Operations Award 2024. These accolades underscore the bank’s leadership and innovation within the Islamic banking sector. Founded in 2003, Bank Alfalah Islamic has grown to over 375 branches nationwide, offering a comprehensive suite of Shariah-compliant financial solutions. The Islamic Banker of the Year award was conferred upon Dr. Muhammad Imran, Group Head of Islamic Banking, marking a significant milestone for the…
