Islamabad, Sep 3: The Federal Cabinet on Tuesday approved a comprehensive 10-point agenda. A Memorandum of Understanding (MoU) to enhance political ties and negotiations between Pakistan’s Foreign Ministry and colleagues in Europe and Albania are among the significant decisions that have been made. Syed Junaid Akhlaq’s term as Chairman of the Federal Board of Intermediate and Secondary Education (FBISE) was extended by the government. The cabinet also authorized a second agreement to improve bilateral trade between the ports of Gwadar, Pakistan, and Turkmenbashi, Turkmenistan, as well as the purchase of land in Islamabad for the Virtual University. The federal cabinet…
Author: Mawadat Fatima
Islamabad, Sep 3: Tomorrow is when Millat Tractors Limited (PSX: MTL) will start producing again, the business said on Tuesday to the primary stock exchange. The Company intends to restart operations on September 4, 2024, and beyond. According to the stock filing, sales would remain limited until FBR provides clarification on the Sales Tax refund mechanism and applicability. The company’s main business is the assembly and production of multipurpose goods, agricultural tractors, and tools. Additionally, the company sells, installs, and provides support for IFS applications both domestically and internationally. MTL’s shares on the market were trading at Rs. 598.98 at…
Islamabad, Sep 3: In August 2024, the sales of Pakistan’s Oil Marketing Companies (OMCs) amounted to 1.21 million tons. In contrast to July, which was impacted by the Muharram Holidays, this indicates a 2 percent MOM increase due to a full working month and a 14 percent YoY decline because of the monsoon season, according to a review from Topline Securities. Compared to 2.8 million tons in 2MFY24, the overall sales for 2MFY25 were 2.4 million tons, a YoY decrease of 12%. Sales of excluding furnace oil (Ex-FO) were 1.2 million tons in August 2024, indicating a YoY decline of…
Islamabad, Sep 3: The rate of markup on the state provident fund, also known as the general provident fund, for the fiscal year 2023–2024 is 13.97 percent, according to notification from the Finance Ministry. The rate of markup on the state provident fund, also known as the general provident fund (GP fund), for the fiscal year 2023–24 is 13.9722 percent, according to a notification released by the Finance Division. The announcement said that the rate for 2021–2022 was 12.40 percent, and for 2022–2023 it was 14.22 percent.
Islamabad, Sep 3: The ‘illegal detention’ of KU associate professor and syndicate member Dr. Riaz Ahmed prompted professors to protest on Monday, leading to the suspension of classes at the University of Karachi (KU). On August 31, while traveling to a syndicate meeting, Dr. Ahmed was taken into custody by the police. According to a news statement from the Karachi institution professors’ Society (KUTS), a sizable contingent of professors assembled in front of the administration block of the institution to express their disapproval of the arrest. Both Prof. Dr. Shah Ali Ul Qader, President of KUTS, and President of the…
Islamabad, Sep 3: Fans of Realme should put September 9th on their calendars, as the company has formally confirmed the launch date for the newest model in its Narzo 70 series, the Narzo 70 Turbo, following a week of teases. The business is generating excitement by promoting the Narzo 70 Turbo as the most powerful vehicle in its class. The MediaTek Dimensity 7300 Energy chipset, which Realme bills as the “fastest processor in its segment,” will be installed in it. A picture displaying the Antutu benchmark results for the new Dimensity 7300 Energy SoC and competing chipsets is included with…
Islamabad, Sep 3: To provide an alternative for insurance companies to park their risks that are either left uninsured or moved to the foreign market, the Securities and Exchange Commission of Pakistan (SECP) has advocated the establishment of an insurance pool in Pakistan. In light of the well-established necessity to create an insurance pool, the SECP report on insurance pools states that the following factors must be taken into account to guarantee that the pool functions successfully and meets its goals: To guarantee that payments are provided for risks covered by the underwriter, the kind and complexity of the risks…
Islamabad, Sep 3: Xiaomi is expanding its audio offerings with the Redmi Buds 6 Lite, a new pair of budget-friendly true wireless earbuds. Despite their affordable price, the Buds 6 Lite don’t skimp on features, boasting 12.4 mm drivers, active noise cancellation (ANC), and an impressive 38-hour battery life with the included charging case. The earbuds feature a comfortable in-ear design with customizable silicone tips, and Bluetooth 5.3 is utilized for connectivity. The ANC technology effectively reduces external noise by up to 40dB, while dual microphones ensure clear call quality with reduced background distractions. Users can further personalize their audio…
Islamabad, Sep 3: The National Cyber Crime Investigation Agency has been established, according to a declaration made by Information Minister Attaullah Tarar in the national legislature. The Federal Investigation Agency’s (FIA) insufficient ability to handle the growing number of cybercrime events led to the decision. Tarar promised to provide help until the new cybercrime investigation agency is fully operating during the National Assembly’s Question Hour. He also said that consideration would be given to integrating some FIA staff members into the new organization. The minister made it clear that active FIA cybercrime cases would not be closed; rather, they would…
Islamabad, Sep 3: The popular CD70 model has been renamed as the RP70 2025, which is the newest motorcycle from Road Prince. Although it has new stickers, the RP70 2025 keeps the same specs as its predecessor. Here’s a thorough overview of what the new model has to offer: Road Prince RP70 2025 Features Tires: Two tires Seat: Single seat Engine: One engine Indicators: Four indicators Fuel Tank: One fuel tank Speedometer: One speedometer Headlight and Tail Light: One headlight and one taillight Mudguards: Two mudguards Road Prince RP70 2025 Pricing and Availability At PKR 109,500, the RP70 2025 is…
