Islamabad, Sep 11: In the Sharjah Airport International Free Zone, Habib Rice Product Limited (PSX: HRPL) has established a fully owned subsidiary, Habib Rice Products (FZE). In a notice to the Pakistan Stock Exchange (PSX) on Wednesday, the company stated, “We are pleased to inform you that Habib Rice Products Ltd (HRPL) has incorporated a 100% wholly owned subsidiary Company Habib Rice Products (FZE) in Sharjah Airport International Free Zone (SAIF – Zone) and got license thereof.” According to the corporation, the subsidiary would support its efforts to win export contracts. Protein, sugar, and starch derived from rice are produced…
Author: Mawadat Fatima
Islamabad, Sep 11: on Wednesday, Punjab Government to Give Tablets to School Teachers the Punjab Human Capital Investment Project has announced intentions to provide 3,718 tablets to elementary school teachers in 11 districts of Punjab. The Program Monitoring and Implementation Unit has already sent out a notification regarding the delivery of these tablets. Teachers in Early Childhood Education (ECE) will be in charge of the tablets, and they will utilize them to log attendance online. Additionally, these tablets will help enhance the monitoring system in schools across the 11 districts of Punjab.
Islamabad, Sep 11: Trade-Based Money Laundering in Pakistan the Financial Monitoring Unit (FMU) of Pakistan has determined that solar panels, textiles, chemicals, grains, and industrial equipment are among the commodities that are frequently connected to dubious trade. In its most recent report, “Transforming the fight against trade-based money laundering: New Data and Partnerships,” the Asian Development Bank (ADB) noted that based on pilot data, the FMU observed how criminals use “under-invoicing” to avoid paying taxes and customs duties while paying any outstanding balances through accounts kept overseas. The ADB Trade and Supply Chain Finance Program’s Trade-Based Money Laundering in Pakistan…
Islamabad, Sep 11: Pakistan beat Japan 2-1 to secure their first win at the Asian Champions Trophy 2024. Following the victory, Pakistan moved to the second position at the points table. Pakistan started their third match aggressively in contrast to their first two games where they started very defensively. Ahmad Nadeem opened the scoring for Pakistan in the ninth minute after finding Shahid Hannan and sending the ball to the back of the net. Pakistan with the help of Ahmed Nadeem secured first goal in the 9th minute of first quarter. Pakistan dominated the game as they struck one more goal in…
Islamabad, Sep 11: Avanceon FZE, a wholly owned subsidiary of the Avanceon Limited (PSX: AVN), has secured a multi-million-dollar project to deliver state of the art energy solutions and services. Avanceon stated in a notice to the Pakistan Stock Exchange (PSX) that the project’s acquisition highlights its dedication to providing the oil and gas industry in the Middle East and beyond with top-notch automation and control solutions. The notification further stated that this initiative provides a path for a favorable impact on the group’s operations and value for its shareholders.
Islamabad, Sep 11: Next week, the Punjab Excise Department will launch a new vanity number plate program that will let car owners add unique names and numbers to their plates. Muhammad Asif, Director of Excise, described the three categories available: corporate, platinum, and gold. The price of the platinum plates is Rs. 50 million, and that of the gold plates is Rs. 500,000. The most expensive category, targeted at corporations, is the corporate one, which would cost Rs. 100 million. Asif declared that he will always be the owner of these vanity plates. The agency will keep a database of…
Islamabad, Sep 11: The Lahore College for Women University (LCWU) hosted the launch of the Punjab government’s “Lifesavers Initiative” on Tuesday. Cardiopulmonary resuscitation (CPR) and hemorrhage management are two vital life-saving skills that this curriculum aims to teach university and college students. The goal of the campaign, which was launched in conjunction with World First Aid Week, is to motivate Punjab’s schoolchildren to learn life-saving skills. The Emergency Services Department Secretary, Dr. Rizwan Naseer, highlighted the program’s objective of equipping every home with a trained first aider in order to create a nation of lifesavers. Vice Chancellor of LCWU Uzma…
Islamabad, Sep 11: A whitelist of nine “Nano Lending Apps” and seven more lending apps that have been approved by the Securities and Exchange Commission of Pakistan (SECP) is available till September 10, 2024. According to the new list issued by the SECP, the digital Nano loans are short-term loans with high interest rates and additional charges. The customer must understand the potential risk of over-indebtedness. Borrow responsibly and only take loans that customers can comfortably repay within the agreed timeframe to avoid financial difficulties. Before taking out a loan, be sure you have properly read the terms and conditions.…
Islamabad, Sep 11: Muhammad Aurangzeb, the federal minister of finance and revenue, reiterated Pakistan’s dedication to an indigenous economic strategy based on extensive institutional reforms in several important economic areas. The Minister said these things when the Kingdom of Saudi Arabia’s ambassador, Nawaf Bin Said Al-Malki, visited him in the Finance Division today. Nawaf Bin Said Al-Malki reaffirmed the Kingdom’s steadfast commitment to supporting Pakistan’s economic progress and praised the Government of Pakistan’s efforts in implementing institutional and structural reforms. The finance minister underlined those structural changes, which are a mainstay of the government’s policy agenda, are essential to guaranteeing…
Islamabad, Sep 11: For the next 24 hours, most of the country is expected to experience hot, dry weather according to the Pakistan Meteorological Department (PMD). But it might rain in some places, such Pothohar, Gilgit-Baltistan, Kashmir, and upper Khyber Pakhtunkhwa. The PMD states that although these areas will mostly stay clear, there may be some partly overcast sky with a chance of thunderstorms and gusty gusts in certain areas. Most places saw hot, dry weather on the previous day. Strong gusts and thunderstorms were accompanied by rain in northern Balochistan, northeastern Punjab, and Kalam, Khyber Pakhtunkhwa. Rainfall totals for…
