Islamabad, Dec 31: Car insurance is an essential financial tool for every vehicle owner. It provides protection against unexpected events such as accidents, theft, or damage to your car. In Pakistan, car insurance is gaining more attention due to the rising number of vehicles on the road and the unpredictable nature of accidents. Here’s everything you need to know about car insurance in Pakistan. Types of Car Insurance in Pakistan There are two main types of car insurance policies available in Pakistan: Comprehensive Insurance: Offers extensive coverage, protecting against damage to your car, third-party liability, theft, and natural disasters. Includes…
Author: Mawadat Fatima
Islamabad, Dec 31: Russian President Vladimir Putin has apologized to Azerbaijan’s President Ilham Aliyev over the tragic downing of an Azerbaijan Airlines commercial airliner in Russian airspace, which resulted in 38 deaths. However, Putin refrained from directly acknowledging Russia’s involvement in the incident. The crash occurred on Christmas Day when the aircraft, Flight J2-8243, was struck by Russian air defence systems while repelling Ukrainian drone attacks. The plane, en route from Baku to Chechnya, was forced to divert across the Caspian Sea, eventually crash-landing in Kazakhstan. Crash Incident: The plane, carrying 67 people, crashed near Aktau, Kazakhstan, after being hit…
Islamabad, Dec 31: Australia defeated India by 184 runs in a thrilling fourth Test in Melbourne, taking a 2-1 lead in the five-match series. India, set a challenging target of 340, collapsed to 155 all out with just 12.5 overs left in the match, leaving them with the task of winning the final Test in Sydney to retain the Border-Gavaskar Trophy. Key Moments and Performances: Pat Cummins: The Australia captain was named player of the match for his outstanding performance with both bat and ball. He took 6 wickets and scored 90 runs, contributing significantly to his team’s victory. Australia’s…
Islamabad, Dec 31: The Oppo Reno 13 and Reno 13 Pro 5G, which debuted in China a few weeks ago, are now preparing for an international release, with Malaysia being one of the first markets to see them. The models are expected to arrive in Pakistan following their Malaysian launch. The phones are listed on an e-commerce platform in Malaysia, revealing key details about their specifications. Key Specifications: Memory Options: Reno 13: 8 GB RAM with 128 GB or 256 GB storage. Reno 13 Pro: 12 GB RAM with 256 GB or 512 GB storage. Display: Both phones feature OLED…
Islamabad, Dec 31: The major function of the stock market is therefore very vital in determining a country’s economy since it allows businesses to raise capital, and individuals, a chance to invest and build wealth. In the context of Pakistan, the stock exchange market has had many changes; It can be called a precise indicator of economic condition and investment. Structure of Pakistan’s Stock Market Pakistan’s primary stock market is the Pakistan Stock Exchange (PSX), established in 2016 by merging three regional exchanges: Karachi, Lahore, and Islamabad stock exchanges. The PSX operates under the regulation of the Securities and Exchange…
Islamabad, Dec 31: The Punjab government has reinstated 4,560 District Teacher Educators (DTEs) across the province, including 113 in Lahore, ending an eight-year hiatus. This decision marks the revival of a program discontinued in 2017, which had reassigned DTEs as regular teachers. The restored DTEs will resume their role in providing teacher training throughout Punjab. Additional Updates: Teacher Transfer Ban Lifted: As of June 2024, the Punjab government has lifted the ban on teacher transfers. Applicants must possess a seniority number, with eligibility requiring at least three years of service in their current school. Concerns from Female Teachers: Female educators…
Islamabad, Dec 31: Finance Minister Muhammad Aurangzeb has called for a “Charter of Economy” to unite all stakeholders on critical issues for achieving sustainable economic stability. Speaking at a media briefing, he emphasized the importance of collective effort in tackling challenges and gathering public input for economic reforms. Key Highlights: Call for Unity: Aurangzeb urged political factions to work together on shared goals, citing the ongoing negotiations between PTI and the coalition government as a positive step. Focus on Self-Reliance: The minister stressed the need for self-reliant progress rather than dependency on foreign aid, targeting economic improvement by 2025. Agriculture…
Islamabad, Dec 31: Pakistan has become the second-most affected nation by internet shutdowns in 2024, suffering 1,861 hours of disrupted connectivity, second only to Myanmar. These interruptions have cost the country an estimated $351 million, affecting 83 million users and raising global concerns over its internet reliability. Economic and Social Impacts: Economic Losses: Each hour of outage costs approximately $1 million, according to P@SHA, severely undermining the $3.3 billion export target for the information and communication sector in 2024. Declining Internet Usage: Pakistan’s internet growth rate averages 3%, significantly lower than the global average of 17%, while internet speeds lag…
Islamabad, Dec 31: Various districts of Punjab are experiencing heavy fog, which has led to the closing of the motorway at several places. According to a spokesperson for the Motorway Police, the motorway has been closed from M2 Thokar Niaz Baig to Kot Momin due to fog. The motorway M3 from Lahore to Abdul Hakeem, the motorway M4 from Abdul Hakeem to Multan, and the M5 from Sher Shah Multan to Zahir Pir have been closed due to fog. The spokesperson said that the Lahore-Sialkot motorway is also closed due to fog. Specifically, the M2 motorway from Thokar Niaz Baig…
Islamabad, Dec 31: Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to bring 4.9 million affluent individuals into the tax net, ensuring no additional financial strain on the underprivileged. Key Highlights from the FBR Reforms Meeting: FBR Reforms and Digitisation: PM Sharif chaired a four-hour review meeting, focusing on Inland Revenue and Customs reforms. International consultancy firm McKinsey is overseeing the digitisation process, which has shown promising initial results. Tax Refund Fraud Detection: An Rs800 billion tax refund fraud was identified in the past four months. The PM called for enhancements to the tax refund system…
