Islamabad, Jan 1: Pakistan and the Asian Development Bank (ADB) have signed a $200 million loan agreement aimed at upgrading the country’s power distribution system. The agreement was finalized between Secretary Economic Affairs Division (EAD), Dr. Kazim Niaz, and ADB Deputy Country Director, Asad Aleem, according to an EAD press release. Project Highlights: Targeted Distribution Companies: Lahore Electric Supply Company (LESCO), Multan Electric Power Company (MEPCO), and Sukkur Electric Power Company (SEPCO). Technological Advancements: Includes advanced metering infrastructure, data management systems, and an Asset Performance Management System (APMS). Objective: To minimize energy losses and modernize the power distribution network. Key…
Author: Mawadat Fatima
Islamabad, Jan 1: As 2024 draws to a close, skywatchers around the globe are in for a celestial treat—a rare phenomenon known as the ‘Black Moon’. This extraordinary event will take place on December 31, 2024, marking an astronomical and symbolic end to the year. What Is a Black Moon? A Black Moon is a relatively rare lunar event with multiple definitions. However, the most commonly accepted interpretation is the occurrence of a second new moon within a single calendar month. Since new moons are not visible to the naked eye, the term “Black Moon” carries a mysterious allure, emphasizing…
Islamabad, Dec 31: The Dastak – Doorstep Services app, also known as Maryam Ke Dastak, has expanded to 40 districts across Punjab under Chief Minister Maryam Nawaz’s directive. Key Features: Convenient Access: Citizens can obtain crucial government documents, including domicile certificates, FIR copies, birth certificates, learner’s driving licenses, and e-stamping, without leaving their homes. Technology-Driven: The service leverages the PITB’s Dastak Doorstep Delivery App and a companion web portal to streamline operations. Inclusivity: Particularly beneficial for women, the elderly, and working professionals who face challenges visiting government offices. Support Options: Helpline 1202: Available for traditional service requests. Tehsil-Based Selection: Users…
Islamabad, Dec 31: Pakistani junior squash players excelled at the Scottish Junior Open 2024 in Edinburgh, clinching four titles and securing three third place finishes across multiple categories. Championship Highlights: Boys’ U13: Sohail Adnan defeated Spain’s Itzel Reguero Garcia 11-3, 11-5, 11-6 in a dominant final performance. Boys’ U15: Huzaifa Shahid triumphed in a gripping five-game battle against Singapore’s Rehaan Singh, winning 11-6, 11-6, 8-11, 11-13, 11-7. Boys’ U17: Azan Khan bested Switzerland’s Leandro Vogel 11-9, 11-2, 9-11, 11-6 in a closely fought final. Girls’ U13: Mahnoor Ali outplayed India’s Divyanshi Jain with a straight-game victory, 11-5, 11-5, 11-7. Third-Place…
Islamabad, Dec 31: The UAE’s Amnesty Scheme, initiated in September 2024 to regularize undocumented expatriates, concludes today, December 31, 2024. Pakistani nationals are hopeful that the unannounced ban on visit and work visas may be lifted starting January 1, 2025. Key Highlights: Initially set to end on October 31, 2024, the program was extended by two months, during which the UAE suspended visit and work visas for Pakistanis. Over 236,000 individuals in Dubai resolved residency issues, with 55,200 exit passes issued and numerous residency renewals completed. Lt. Gen. Mohammed Al Marri, director of Dubai’s General Directorate of Residency and Foreigners…
Islamabad, Dec 31: Nvidia is set to launch Jetson Thor, its next-generation compact computer for humanoid robots, in the first half of 2025. The company aims to support the global robotics industry rather than compete directly with manufacturers like Tesla, focusing on empowering “hundreds of thousands” of robot makers worldwide, according to Deepu Talla, Nvidia’s vice president of robotics. Key Technological Advancements: Generative AI Models: These models enable humanoid robots to perform smarter and more complex tasks. Simulated Training Environments: Robots can now be trained in virtual settings, accelerating their development and deployment. Strategic Shift: Amid competition from major customers…
Islamabad, Dec 31: The Lahore Development Authority (LDA), in collaboration with the Punjab Information Technology Board (PITB), recently held computerized balloting for residential plots in Tajpura, Jubilee Town, and Johar Town. The event, organized at the Expo Center, highlighted LDA’s commitment to transparency and citizen-centric initiatives. Key Highlights of the Balloting: Plot Details: The balloting included five and seven marla residential plots, with 88 plots offered on a three-year installment plan. Applications and Transparency: A total of 1,201 applicants participated, with PITB ensuring transparency using a technique. Payment Plan: Successful applicants will pay for their plots in 12 equal installments…
Islamabad, Dec 31: The Capital Development Authority (CDA) has seen significant interest in Sector C-14, particularly from overseas Pakistanis, with around 500 applications received for 238 one-kanal plots. The plots, priced at Rs60 million each, are part of an initiative to meet the growing demand in the area located along Margalla Road. Application and Balloting Process: Deadline and Applications: The deadline for applications was December 30, and the CDA received over 1,200 applications, including 500 from overseas Pakistanis. Prioritizing Overseas Pakistanis: CDA officials confirmed that overseas Pakistanis will be prioritized during the e-balloting process, and most plots are expected to…
Islamabad, Dec 31: The fintech sector in Pakistan is rapidly emerging, bridging the gap between the unbanked population and the financial sector. This growth is fostering innovation but also intensifying competition as new players and strategic mergers shape the landscape. Key Developments in 2024: Mergers and Acquisitions: ABHI fintech, in partnership with TPL Corporation, made history by acquiring the foreign FINCA Microfinance Bank, setting a precedent for other fintech operators. In contrast, Finja, a pioneering fintech operator, sold its operations to the expanding fintech giant Opay, marking its exit from Pakistan. New Entrants: The sector sees four new players joining,…
Islamabad, Dec 31: JS Bank, one of Pakistan’s fastest-growing financial institutions, has introduced its new Priority Banking services aimed at offering personalized financial solutions to its most valued clients. This initiative aligns with the bank’s commitment to delivering enhanced banking experiences tailored to meet diverse client needs. Key Features: Exclusive Benefits: Clients will have access to dedicated relationship managers, expert financial guidance, and streamlined banking processes. VIP Travel Perks: Frequent travelers can enjoy complimentary access to airport lounges for added convenience and comfort. Digital and Personalized Services: The service offers a seamless, paperless banking experience with advanced digital solutions, while…
