ISLAMABAD, AUGUST 10: In an effort to increase tourism in Murree, a new project has been started that center on the enlargement of the main roadway that links Rawalpindi, Murree, and Kashmir. The project, which has a budget of about Rs. 1.2 billion, entails building a road that would run 17 kilometers from Rawalpindi to Sunny Bank in Murree. The e-tender technology has been used to issue the construction work tenders, with August 17th being the deadline. The building of the road will be done in six months in phases as part of the annual development program (ADP), with work…
Author: Mawadat Fatima
ISLAMABAD, AUGUST 9: For Nadeem, the path to this point has not been simple at all. He was motivated by a dream that kept him going even though he came from a country that was infatuated with cricket and had few resources for track and field competitors. In addition to shattering the Olympic record, his second attempt’s golden throw of 92.97 meters also deposed India’s Neeraj Chopra, a close friend and gold medallist at the Tokyo Olympics. Years of arduous training, prayer, and hard work culminated in Nadeem’s success. His father was a construction worker in Mian Channu, Punjab, and…
ISLAMABAD, AUGUST 9: The Sindh Education Department has 6,342 ghost instructors, according to a recent inquiry. These “ghost teachers” were paid wages without carrying out their teaching responsibilities, according to a damning report that the Director General of Monitoring and Evaluation for the School Education and Literacy Department delivered to the Sindh Education Secretary. It was also discovered during the inquiry that several retired workers were fraudulently receiving pensions and benefits. The report suggested filing a lawsuit against these “ghost teachers” and freezing their pay and identity cards. For additional action, the education minister received the report from the Education…
ISLAMABAD, AUGUST 9: With the goal of generating substantial opportunities for Pakistani entrepreneurs, Telenor Velocity, the company’s top startup accelerator, has formed a strategic cooperation with GSMA. The two organizations hope to accelerate the growth of companies by pooling their resources and experience, and providing an unmatched support structure to those shortlisted for the GSMA Innovation Fund. This program is designed especially to support growth-stage companies by giving them access to a telecom partner that will enable them to take their development to the next level. With Telenor’s extensive resources and knowledge, startups who have already received investment from the…
ISLAMABAD, AUGUST 9: The interbank rate remained at 278/$ for the majority of the day before closing at that level. Open market rates across multiple currency counters were strictly at the 278 level today. The Pakistani rupee (PKR) gained some ground against the US Dollar today, marking the second day in a row. It was stable all day and closed in the green against the greenback. Meanwhile, it posted gains against most of the other major currencies during the session. The PKR gained 13 paisas versus the dollar today, or 0.05 percent, and ended the day at 278.55. Thus far…
ISLAMABAD, AUGUST 9: In July 2024, remittances from Pakistanis living abroad climbed by 47.6% to $3 billion, compared to $2 billion in inflows during the same month in the previous fiscal year. Remittances decreased by 5% month over month, meanwhile, in contrast to the $3.16 billion in inflows that were reported last month, or June 2024. With inflows surpassing $3 billion in the preceding two months, remittances have stayed at or above the $3 billion mark for the third consecutive month. In July 2024, Saudi Arabia ($761 million), the United Arab Emirates ($611 million), the United Kingdom ($443 million), and…
ISLAMABAD, AUGUST 9: In a meeting today, the board of directors of Fauji Fertilizer bin Qasim Limited (PSX: FFBL) approved the sale of the company’s 166 acres of Pindi Bhattian land to the Fauji Foundation. According to the December 2023 report, the land cost Rs. 270 million, while the fair value was estimated to be Rs. 500 million. According to the report, this land was compelled to be worth Rs. 375 million. According to a brief study by Topline Securities, this development will have an eligible/minimal impact on FFBL profitability. From this property, the corporation was receiving rental income of…
ISLAMABAD, AUGUST 9: The federal government has made the decision to recruit a secretary from the private sector for the Ministry of Information Technology and Telecommunication, with a potential salary package of up to Rs. 2 million. Through a recent announcement, the Establishment Division has invited applicants for the contract post. With a minimum of 20 years of experience in the IT and telecom sectors, including 12 years in senior management roles, and a bachelor’s or master’s degree in engineering, computer science, or a similar discipline, the ideal applicant should meet the requirements. With this nomination, the IT and communications…
The Sindh Education Foundation (SEF) was instructed by Chief Minister Syed Murad Ali Shah on Thursday to set up 300 virtual “micro-schools” with the goal of enrolling 300,000 out-of-school children and employing more than 600 female learning facilitators. He also gave his approval for a Rs. 800 million funding for this project. Education Minister Syed Sardar Shah, Chief Secretary Asif Hyder Shah, Planning and Development Chairman Najam Shah, School Education Secretary Zahid Abbasi, Finance Secretary Fayaz Jatoi, SEF Managing Director Kazi Kabir, and board members Qaisar Bengali, Dr. Qazi Masood, and Dr. Mohammad Memon were present at the SEF board…
ISLAMABAD, AUGUST 9: Bolan Castings Limited (PSX: BCL) notified the primary stock exchange on Friday that it would be temporarily suspending manufacturing starting next week. The company is seeing a decline in sales as a result of the sharp decline in orders from our clients. Therefore, starting on Monday, August 12, 2024, and ending on Friday, August 16, 2024, the management of the company has decided to temporarily suspend the company’s production activities, the company said in a stock filing. The business produces and markets casting for automobile and tractor parts. The business is a division of Millat Tractors Ltd.…