Islamabad, Aug 21: Sources claim that Pakistan’s name is missing from the most recent IMF Executive Board meeting calendar, which is available through August 30. Between August 28 and 30, the IMF board will consider applications from three nations, including Vietnam. Pakistan’s application for a new loan program, however, has been delayed until the next month, which would make the nation’s wait for financial aid much longer. According to sources, the $12 billion loan from friendly nations that was not timely rolled over is the primary cause of the delay. Pakistan must get guarantees of external finance prior to the…
Author: Mawadat Fatima
Islamabad, Aug 21: The chief minister of Punjab declared during a ceremony on Wednesday that the Himmat card will be introduced gradually. Punjab Chief Minister Maryam Nawaz has increased the amount of financial assistance for special people from Rs75,000 to Rs10,000 for the 65,000 special people. Who are eligible? A Himmat card will only be available to people who possess special persons certificates issued by the district or tehsil. Every three months, the money will be deposited to the account of those who meet the eligibility requirements. Anybody getting funding from a government agency, such as Benazir Income Support, will…
Islamabad, Aug 21: Arshad Nadeem, the gold medallist from the Olympics, paid a visit to General Sahir Shamshad Mirza, the Chairman of the Joint Chiefs of Staff Committee (CJCSC), on Tuesday at Joint Staff Headquarters. According to a news release from Inter Services Public Relations (ISPR), the Chairman of the JCSC praised Arshad Nadeem’s efforts for becoming the first person from Pakistan to win an Olympic Gold Medal in a singles event and for breaking previous records. Arshad Nadeem achieved a significant milestone in Pakistan’s sports history via hard work and dedication, and General Sahir Shamshad Mirza appreciated this and…
Islamabad, Aug 21: Several flights were canceled on Wednesday morning at Karachi Airport due to operational and technical issues. Serene Air has reportedly canceled its flights ER502 to Islamabad and ER522 to Lahore. Moreover, the AirSial aircraft PF143 and PF145, which are also scheduled to arrive in Lahore, are not running. Unexpected operational difficulties and technological problems are the cause of the cancellations. It is recommended that passengers slated to travel on these flights get in touch with their airlines to discuss rescheduling or other available travel options. In unrelated news, Jinnah International Airport in Karachi has new regulations implemented…
Islamabad, Aug 21: The audacious proposal to borrow Rs. 32 trillion for the fiscal year 2024–25 by the federal government is intended to cover the Rs. 8.5 trillion budget deficits as well as the Rs. 23.4 trillion in maturing debt that the authorities anticipate will be rolled over. According to sources in the Finance Ministry, the government will borrow 92% of the Rs. 8.5 trillion locally. They stated that short-term instruments with maturities of three, six, and twelve months—such as Market Treasury Bills, Ijara Sukuk, and Pakistan Investment Bonds—will not be utilized to raise this sum. This plan is largely…
Islamabad, Aug 21: Chief Minister Maryam Nawaz Sharif commended the top students from Punjab’s educational boards, as well as their parents and teachers, for their achievements in spite of the province’s inadequate infrastructure, resources, and environment. “We are very pleased that out of 138 position holders across nine boards in Punjab, 70 are girls and 68 are boys,” she said with excitement during an award ceremony. She emphasized the government’s dedication to raising the standard of instruction in public schools. “To address nutritional deficiencies, we are launching a meal program in schools starting on September 5 where students from nursery…
Islamabad, Aug 21: One of the top Islamic banks in Pakistan, Bank Islami Pakistan Limited, has announced a strategic partnership with Euronet Pakistan, a division of Euronet Worldwide, a NASDAQ-listed US company that leads the world in payment processing and transaction services. Euronet Worldwide offers a broad range of financial products and services that are compliant with Shariah. Senior team members from both organizations as well as Mr. Rizwan Atta, CEO of Bank Islami, and Mr. Kashif Gaya, CEO of Euronet Pakistan, attended the signing event, which took place at the Bank Islami Head Office in Karachi. By working together,…
Islamabad, Aug 21: According to a decision made by the Federal Board of Revenue’s (FBR) Customs Classification Committee, 4G MiFi modems and mobile WiFi modems would be subject to an 11 percent customs levy upon import. Based on the observations of the Customs Classification Committee, the Collectorate Customs Appraisement (East) Karachi has rendered a decision in this regard. The Classification Committee has determined that Pakistan Customs Tariff (PCT) heading 8517.6220 is the appropriate classification for the “4G MiFi modem and Mobile WiFi modem.” The issue’s specifics showed that the categorization Committee was tasked with determining the proper categorization of Wi-Fi…
Islamabad, Aug 21: New guidelines for the postings and transfers of operational staff (BS 01-16) in the Inland Revenue field formations and customs workers (BS-1 to 16) were released by Rashid Mahmood, Chairman of the Federal Board of Revenue (FBR), on Tuesday. In compliance with the instruction of the FBR Chairman, the Secretary of Revenue Division/Chairman of the FBR has expressed a desire to enhance efficiency and discipline in the operations of Inland Revenue (IR) Field Formations. The operational staff (BS 0l-16) postings and transfers in the IR field formations and Directorate Generals will only be authorized at the prior…
Islamabad, Aug 21: The AI startup OpenAI, helmed by Sam Altman, revealed on Tuesday that it has entered into a multi-year relationship with Condé Nast to display material from its brands, including the New Yorker and Vogue, within ChatGPT and SearchGPT prototype. The deal’s financial details were kept a secret. Over the past few months, OpenAI has inked similar agreements with the Financial Times, Time magazine, Axel Springer, the owner of Business Insider, Le Monde in France, and Prisa Media in Spain. Although these content collaborations are crucial for training AI models, the Microsoft-backed company was sued by several media…
