ISLAMABAD, AUGUST 1: Commissioner Lahore has issued a rain emergency for the entire provincial capital of Lahore in response to the city’s record-breaking rainfall. In reaction, to avoid damage from the intense rain, all Lahore offices and schools have been closed. The public has been instructed by the Commissioner to stay home unless absolutely essential. When Commissioner Zaid bin Maqsood stopped by the WASA headquarters, MD Ghufran Ahmed gave him a thorough rundown of the drainage operations. Additionally, the Commissioner asked locals to use caution and keep kids indoors during the inclement weather. It is important to note that earlier…
Author: Mawadat Fatima
ISLAMABAD, AUGUST 1: In order facilitate Pakistan International Airlines’ (PIA) privatization, the State Bank of Pakistan (SBP) has declined to discharge guarantees denominated in dollars and loans totaling Rs. 268 billion from commercial banks. Subject to SBP’s waiver, the Ministry of Finance and commercial banks have decided to treat this debt as a fresh loan starting on January 1, 2024. A national newspaper stated that the central bank has demonstrated reluctance to provide this exception. Commercial banks signed into this agreement knowing that they would be protected from losses by regulatory coverages, including exemptions. A term sheet between PIA Holding…
ISLAMABAD, AUGUST 1: The Consul General of the United Arab Emirates in Karachi, Bakheet Ateeq al-Remeithi, has cautioned Pakistanis living in the UAE not to spread false information about Pakistan, its institutions, or its leaders. According to the consul general, Pakistanis living in the United Arab Emirates have been criticizing Pakistan on social media. As a result, several people have been arrested and given sentences ranging from 14 to 15 years in jail. In addition, the majority of individuals implicated were deported, while over five Pakistanis received life sentences. The consul general issued a warning, stating that Pakistanis found engaging…
ISLAMABAD, AUGUST 1: The World Food Programme (WFP) of the United Nations endorsed the Sindh government’s plan on Wednesday to offer pupils free breakfast, lunch, and milk as part of its School Meal Programme (SMP). WFP Country Director Coco Ushiyama met with Sindh Chief Minister Syed Murad Ali Shah at the CM House to talk about concerns concerning children who are not in school. The Chief Minister urged WFP to fund prototype projects that have the potential to grow in the future. In an effort to provide kids with wholesome and sanitary meals, the province government intends to introduce the…
ISLAMABAD, AUGUST 1: Following many complaints alleging that power distribution firms (DISCOs) were overcharging customers, the federal government decided to extend the deadlines for electricity bills by ten days. Following a thorough investigation of overbilling allegations from April to June 2024, the National Electric Power Regulatory Authority (NEPRA) released these conclusions. All DISCOs engaged in rampant overbilling, according to NEPRA’s study. The Ministry of Energy has extended the deadline for paying power bills for July and August by ten days. All DISCOs have been ordered by NEPRA to provide explanations and to make up for the financial hardship caused by…
ISLAMABAD, JULY 31: On Wednesday, Pakistan Hotels Developers Limited (PSX: PHDL) declared that it has moved the Regent Plaza Hotel’s title to SIUT Trust. In a notice to the Pakistan Stock Exchange (PSX), PHDL stated that, in accordance with the terms of the property sale agreement, the SIUT Trust had paid the company the remaining 10% of the proceeds from the sale on July 30, 2024, and the company had transferred the property’s title to SIUT Trust upon receiving the remaining amount. It was emphasized that on July 1st, 2024, ownership of the land was already transferred to the SIUT…
ISLAMABAD, JULY 31: The Camon 30S Pro with wireless charging is a new smartphone from Techno that was surreptitiously unveiled. This phone is the first from Techno to employ MediaTek’s 6nm Helio G100 processor and to be able to be charged wirelessly. A curved 6.78-inch AMOLED screen with a refresh rate of 120 Hz, 1080p resolution, and a maximum brightness of 1300 nits is featured on the Camon 30S Pro. It features an optical fingerprint sensor and a 10-bit screen that can handle one billion colors. Additionally, the Techno Camon 30S Pro with wireless charging has IP53 dust and splash…
ISLAMABAD. JULY 31: SK Hynix, a major memory manufacturer in Korea, is preparing to start mass producing its new, lightning-fast GDDR7 memory chips this summer. In optimal circumstances, these devices can transport data at rates of up to 40 gigabits per second. These circuits can handle enormous volumes of data when linked with strong graphics cards, which speeds up and smooths out graphics-intensive applications like gaming. Compared to the previous generation’s 1.1TB, these memory chips will be able to transport data at a rate of 1.5TB per second. Additionally, SK Hynix has improved the energy efficiency of its new GDDR7…
ISLAMABAD, JULY 31: Leading public advocacy and communications business Nutshell Group is thrilled to announce its strategic entry into the Middle East. This momentous event highlights Nutshell’s dedication to growing its regional footprint and fortifying its links to the local economy and culture. With more than 20 years of expertise in the field, Nutshell Group has led the way in promoting meaningful communication and teamwork across a range of industries. An important stage in the company’s quest to become a worldwide leader in communications and strategic engagement is its expansion into the Middle East. The Middle East presents Nutshell Group…
ISLAMABAD, JULY 31: Karachi: Jubilee Life Insurance, Pakistan’s leading life insurance company in the private sector has collaborated with oladoc, a leading healthcare platform aiming to provide health care (OPD) services to all Jubilee Life employees, retail and corporate customers and Jubilee Active app users. The signing ceremony was held at Jubilee Life Insurance headquarters in Karachi. This partnership will further enrich the user experience by providing seamless access to oladoc’s extensive network of healthcare professionals. Users can now book 24/7 in-person appointments or video consultations with top doctors across Pakistan, access diagnostic lab services, share medical records. Commenting on the…
