All nursing institutions and colleges in Karachi and Sindh will start offering nighttime programs in an effort to address the lack of nurses. The director of the Sindh Nursing Examination Board, Najma Mangi, declared that the goal of this project is to greatly improve the nursing field. She said that Sindh will provide nighttime sessions for the first time, taking a cue from Punjab. It is anticipated that this strategy would increase the number of nurses and speed up efforts to reduce sickness. Najma said that the number of nursing graduates each year may quadruple with the introduction of nighttime…
Author: Mawadat Fatima
The International Monetary Fund (IMF) discovered that Pakistan was lagging behind its neighbors in terms of export development as a result of payment limitations, tariff and non-tariff import obstacles, and currency rate problems. Pakistan’s exports considerably trail those of Bangladesh, India, Vietnam, Thailand, and other neighboring countries, according to the lender’s assessments. The IMF has emphasized that in order to attain significant development, the nation needs diversify its export industries beyond textiles and agricultural exports. For both imports and exports, Pakistan is expected by the IMF to keep an eye on and adjust to the competitive trends in international markets.…
In tomorrow’s Women’s Asia Cup semifinal at the Dambulla International Cricket Stadium, Pakistan will play Sri Lanka. Given that both teams have been playing at a high level throughout the competition, this matchup could be exciting. With a decisive 10-wicket victory over Thailand, Sri Lanka guaranteed their place in the semifinals of the Women’s Asia Cup. They achieved this by quickly reaching 94 runs in just 11.3 overs. They have won three of their three games in the competition, and they are also undefeated thus far. Their opening pair, Chamari Atapattu and Vishmi Gunaratne, demonstrated exceptional batting ability, achieving the…
Published 25 JULY 2024: A set of regulations governing the assignment and transfer of non-performing assets (NPAs) from financial institutions—banks and development financial institutions—to corporate restructuring companies (CRCs) has been released by the State Bank of Pakistan. In their interactions with the CRC(s), the FIs must make sure that the transfer and assignment of NPAs is carried out in accordance with the terms of the Act, pertinent laws, rules, regulatory instructions (as amended from time to time), and FIs’ internal policies, procedures, and instructions in a fair, transparent, and prudent manner. In accordance with FI’s policy for the transfer and assignment…
Published 25 JULY 2024: Due to non-payment of dues, the National Database and Registration Authority (NADRA) has suspended birth and death certificate services to the Capital Development Authority (CDA). The public has been inconvenienced by this suspension of services, which has resulted from the CDA’s finance department owing NADRA Rs. 19.66 million, which has not been paid due to lack of funds. The Metropolitan Corporation Islamabad (MCI) has reportedly been denied birth and death certificate services by NADRA as a result of unpaid fees. The MCI has asked the CDA’s finance department to pay the amount on several occasions, but the…
The goal of Maple Leaf Group is to take over Agritech Limited (PSX: AGL). The goals of Maple Leaf Capital Limited and Maple Leaf Cement Factory Limited (MLCF) are to take over AGL and buy more shares. The corporations now possess 87.4 million shares of AGL, or 20.6% of the total. Notably, the AGL board, which was established earlier this week, now includes three board members from the Maple Leaf group. According to JS Global, Maple Leaf Cement management has made the decision to diversify its holdings. This is also demonstrated by the company’s recent foray into the healthcare industry,…
Before evaluating the charge-off (losses) for non-performing loans (NPLs) with an outstanding principal amount more than Rs. 10 million, the State Bank of Pakistan (SBP) instructed banks to file recovery actions in a court of law. According to an SBP circular, top management of the banks must make sure that the attempts to recover the charged-off NPLs are never jeopardized. Fully funded legacy loans make up a sizable component of the banking industry’s non-performing loans/finances (NPLs). Banks are permitted to charge off fully funded corporate/commercial and Small & Medium Enterprises (SMEs) NPLs in order to resolve the concerns pertaining to these…
ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has been directed by the Ministry of Energy to complete the framework that would give the oil industry control over setting petroleum pricing. The ministry instructed the chairman of Ogra to call a meeting today (Thursday) to go over the analysis, ramifications, and next steps for deregulating petroleum products. The ministry sent out the letter on Wednesday. The letter cited Prime Minister Shehbaz Sharif’s order giving oil marketing firms pricing authority; nonetheless, it is noteworthy that the meeting’s two primary players, dealers and OMCs, have not been invited. Presently, four of the…
Ataullah Tarar, the Federal Minister of Information, Broadcasting, Culture, and Heritage, stopped by the Capital Development Authority (CDA) offices on Wednesday to go over the plans for the August 14 Independence Day events, known as “Azadi Fest.” A statement claims that Chairman CDA Mohammad Ali Randhawa gave Minister Attaullah Tarar a cordial welcome. Federal Minister Ataullah Tarar presided over a meeting where the topic of the Independence Day festivities was discussed. Senior representatives from the CDA, the Administrator of the Metropolitan Corporation of Islamabad (MCI), and the Deputy Commissioner of the Islamabad Capital Territory (ICT) were present at the meeting.…
The Sindh government has extended the summer holiday for all schools in the province to August 14 in response to the current weather. The summer break will now last until August 14 according to a statement from the Sindh Education Department. Consequently, all public and private schools will stay closed, with the start of the new school year set for August 15. In light of the heat wave and anticipated monsoon rains, “the summer vacation[s] are hereby extended in all public and private institutions under the administrative control of the School Education & Literacy Department until 14 August 2024,” the…
