Islamabad, Jan 3: Severe fog in northern Pakistan has caused major disruptions in flight schedules, leading to diversions, cancellations, and delays. Passengers are advised to confirm schedules with their respective airlines before traveling. Flight Disruptions: Cancellations: Karachi to Lahore flight PA 401. Islamabad to Gilgit flights PK 601 and PK 602. Diversions: Kuwait City to Sialkot flight PK 240 redirected to Lahore. Jeddah to Faisalabad flight PK 764 rerouted to Lahore. Two flights from Jeddah to Lahore (SV 738 and FL 587) landed in Islamabad. Dubai to Lahore flight ER 724 diverted to Islamabad. Delays: 41 flights have faced delays…
Author: Mawadat Fatima
Islamabad, Jan 3: The Board of Directors and shareholders of D.M. Textile Mills Limited (PSX: DMTX) have decided to change the company’s Principal Line of Business to real estate, as per a recent filing to the Pakistan Stock Exchange (PSX). Key Developments: Change in Business Focus: The transition to real estate is underway with the Securities & Exchange Commission of Pakistan (SECP) and Corporate Registry Office (CRO). Rationale Behind the Shift: Directors believe this move will lead to greater prosperity for the company. Significant progress has been made, including paying off all long-term liabilities, showcasing the management’s intent to revive…
Islamabad, Jan 3: Punjab has made history as the first province in Pakistan to fully automate its development system, a significant leap toward modernizing governance. Daily monitoring of development projects through advanced technology is now in place, as announced by Senior Minister Marriyum Aurangzeb. Key Highlights: Real-Time Monitoring: Chief Minister Maryam Nawaz oversees projects via an online portal, ensuring transparency and efficient execution. The automation system eliminates delays and enhances project delivery. Record Budget: A Rs. 844 billion development budgets have been allocated, emphasizing equitable progress across political lines. Integrated Growth Model: Focus on environmental sustainability alongside agricultural and industrial…
Islamabad, Jan 3: The federal government has failed to meet the IMF’s deadline of December 2024 for amending the Pakistan Sovereign Wealth Fund Act. The amendments aimed to address governance issues, prevent reliance on State Bank of Pakistan loans, and mandate competitive bidding for asset sales. Key Issues Highlighted by the IMF: Governance Structure Concerns: The IMF raised questions about the fund’s governance and transparency. Asset Sales Without Bidding: A lack of competitive bidding for selling state assets. Central Bank Funding: Continued dependence on central bank financing. Current Status: Draft amendments are prepared but require further discussion with the IMF.…
Islamabad, Jan 3: The Pakistan Tax Bar Association (PTBA) has requested the formation of a larger bench under Rule 3(2) of the Appellate Tribunal Inland Revenue (ATIR) (Functions) Rules, 2023, to resolve conflicting rulings on foreign property income tax for Pakistani residents. PTBA cited a 1997 precedent warning of “complications, confusion, and chaos” from conflicting decisions by benches of equal strength. In a letter to the ATIR chairman, PTBA highlighted contradictions in rulings on whether rental income and capital gains from properties in the UAE and UK are taxable in Pakistan. While the Lahore Registry ruled in 2022 and 2024…
Islamabad, Jan 2: Xiaomi’s Poco brand has confirmed the official launch of the Poco X7 series on January 9, 2025, which will consist of two models: the Poco X7 and Poco X7 Pro. Key Details for Poco X7 Pro: Chipset: MediaTek Dimensity 8400 Ultra SoC Battery: India: 6,550 mAh with 90W fast charging Global markets: 6,000 mAh with 90W fast charging Camera: 50 MP primary camera with OIS Dual-camera setup for the X7 Pro, triple-camera for the X7 The Poco X7 Pro will feature LPDDR5X RAM, UFS 4.0 storage, and HyperOS 2. Price: Starting under $350, with further pricing details…
Islamabad, Jan 2: The Director of Colleges Lahore has issued a new dress code for clerical staff and Grade-IV employees at government colleges, effective February 1. Key Details: Prohibited Attire: Tight jeans, T-shirts, and half-sleeve shirts. Open-toed shoes. Mandatory Uniform for Grade-IV Staff: Black shalwar kameez paired with a belt. Strict inspections and monitoring will be conducted to ensure compliance with the dress code policy, aiming to promote professionalism within educational institutions.
Islamabad, Jan 2: The Punjab Public Service Commission (PPSC) has introduced new measures to make exams more accessible, particularly benefiting individuals with disabilities. Key Updates: Extra Time for Candidates with Disabilities: 15 extra minutes for 1.5-hour exams. 30 extra minutes for 3-hour exams. Relaxed ID Requirements: Candidates with expired ID cards (within 6 months) can take the exam under specific conditions. Those without an ID card but with a valid domicile are also eligible. These candidate-friendly updates, approved in a recent commission meeting, reflect PPSC’s commitment to inclusivity and accessibility.
Islamabad, Jan 2: Hyundai Nishat Motors is set to launch the facelifted 8th-generation Sonata in Pakistan, generating buzz among automotive enthusiasts. Features to Anticipate Design Upgrades Incorporates Hyundai’s “Sensuous Sportiness” design language. New Horizon LED light bar, redesigned grille, and futuristic taillights. Interior Innovations Panoramic curved display merging digital instruments with infotainment. Enhanced cabin with premium materials and improved comfort. Global Powertrain Options 2.0L Engine: 160 HP, 192 Nm torque. 1.6L Turbo: 180 HP, 265 Nm torque. 2.5L Turbo (N Line): 290 HP, 422 Nm torque. 2.0L Hybrid: Combines petrol and electric motor for efficiency. Pakistan Specs: Current models: 2.0L:…
Islamabad, Jan 2: The Director General of the Civil Aviation Authority (CAA), Nadir Shafi Dar, announced a groundbreaking plan to export surplus Pakistani pilots to international airlines, addressing the regional shortage of cockpit professionals. Pilot Export Initiative: Surplus Pilots: With local demand for pilots being met, the CAA aims to provide trained pilots for employment abroad. Partnerships: Agreements have been signed with international companies to offer comprehensive training, from ground lessons to commercial operations. Key Developments: A foreign company has already initiated Phase 1 training, sending young Pakistani candidates to its academy in Sharjah for aircraft flight training. Eight trained…
