ISLAMABAD, AUGUST 2: Today at Finance Division, Minister of State for Finance Ali Pervaiz Malik was visited by Nicolas Galey, the French ambassador to Pakistan. In his assessment of Pakistan’s economic development, pervaiz Malik emphasized favorable developments that have been supported by recent international agency ratings, including rising foreign currency reserves, declining inflation, and a strong stock market. He listed the main ongoing reforms, such as the improvements in the energy sector, the privatization programs, and the reorganization of state-owned enterprises (SOEs). The digitalization program of the Federal Board of Revenue (FBR), which is being carried out with assistance from…
Author: Mawadat Fatima
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ISLAMABAD, AUGUST 2: Turkmenistan and Pakistan have agreed to quicken the TAPI pipeline project’s development. Over a distance of 1,800 km (1,125 miles), the pipeline is anticipated to transport 33 billion cubic meters (bcm) of natural gas annually from Galkynysh, the second-largest gas resource in the world, to the Indian city of Fazilka, which is close to the Pakistani border. Following a meeting between Minister of Petroleum Musadik Malik and Minister of Foreign Affairs of the Cabinet of Turkmenistan, Rashid Meredow, who was visiting Pakistan for two days, Radio Pakistan stated that “Pakistan and Turkmenistan have decided to accelerate work…
ISLAMABAD, AUGUST 2: Ismail Haniyeh, the leader of Hamas, was slain, and his funeral prayers were performed at the Imam Muhammad bin Abdul Wahhab Mosque in Qatar on Friday. The political leader of the Palestinian party, Haniyeh, had lived in Doha with other Hamas political office members. Leader of Hamas Ismail Haniyeh will be laid to rest in a cemetery in Lusail, which is located north of the capital of Qatar. Iran’s Revolutionary Guards stated that Ismail Haniyeh and a bodyguard perished in the early-morning raid on their Tehran lodging on Wednesday. He had gone to Iran to see President…
ISLAMABAD, AUGUST 2: On Thursday, two restaurants and a movie theater in Jinnah Park were found to have dengue mosquito larvae, according to the Rawalpindi district administration. They fined the companies Rs. 400,000 and gave them a week to put anti-dengue SOPs in place. When the movie at Cinepax unexpectedly halted and the theater announced it was under a tax authority raid, the audience was caught off guard. The movie theater administration told the patrons to leave and that refunds for tickets will be handled on Friday, August 2. One of the people who attended to see “The Glassworker” claims…
ISLAMABAD, AUGUST 2: Pakistan has since 1984 paid the International Monetary Fund (IMF) interest of SDR 2.815 billion ($3.7 billion). This was disclosed in front of the Senate Standing Committee on Economic Affairs, which was also informed that Pakistan has received SDR 21.789 billion from the IMF since 1958, compared to the SDR 29.673 billion that has been sanctioned. The Committee, chaired by Saifullah Abro, voiced unhappiness of the information presented during their discussion of Pakistan’s receipt of IMF money from the first program until June 2024. The Committee suggested to EAD that program-specific information about IMF funding, such as…
ISLAMABAD, AUGUST 2: Following an operation against unlicensed residential-commercial constructions, the Rawalpindi Development Authority (RDA) Enforcement Squad sealed eighteen educational facilities. The following educational institutes were sealed: Thematic Montessori School Minar Public School The Arqam School Al-Huda School Allied School Step College Jinnah Iqbal Educator Diction School Educator School Jinnah Foundation School The Future Education The Future Oasis School The Bestever School These schools were located in the Asghar Mall Housing Scheme, Eidgah Scheme, and Dosehra Ground Scheme areas of Rawalpindi. An RDA representative stated that the Enforcement Squad, including of two Assistant Directors, Building Control, the Building Superintendent, and…
ISLAMABAD, AUGUST 2: The best telecom company in Pakistan, Zong 4G, is excited to announce that new International Direct Dialing (IDD) China Bundles are now available for both prepaid and postpaid users. Zong 4G is also drastically cutting the prices for IDD calls to China in an effort to improve connection and bring users more value. The new IDD China Bundles “Kam Paisay Ziyada Baat” & “Pak-China Friendship Bundle” are now available to Zong 4G subscribers. These packages are a new service that helps Chinese expats in Pakistan communicate more easily and affordably. These bundles enable Zong users to keep…
ISLAMABAD, AUGUST 2: Ignite, Ministry of IT & Telecom, has given Lucky Landmark, a division of YBG, the prestigious assignment of operating the National Incubation Center (NIC) Karachi for the ensuing five years in collaboration with LMKT and Orbit Startups. NIC Karachi will prioritize industrial automation, fintech, cyber security, and the introduction of women-led companies as part of Ignite’s new focus. Under LMKT’s direction, NIC Karachi has grown to be Pakistan’s biggest startup accelerator and tech incubator in the last six years. With the help of 299 entrepreneurs, the center has helped to create one million employments, raise Rs. 9.1…
ISLAMABAD, AUGUST 2: Pakistan’s incredible run at the Asian U-18 Volleyball Championship continued unharmed as they defeated Chinese Taipei 3-1 in the super-8 round. With set scores of 25-20, 24-26, 25-18, and 25-23, Pakistan won the Tehran match, greatly increasing their prospects of making it to the semi-finals. Throughout the game, the Pakistani squad displayed incredible talent and tenacity. They got off to a quick start, winning the opening set 25–20 thanks to a barrage of strong spikes and well-timed blocks. Even after a fiercely contested second set in which Chinese Taipei prevailed 26–24, Pakistan recovered with newfound strength. Pakistan…
ISLAMABAD, AUGUST 2: ISLAMABAD Data issued by the Pakistan Bureau of Statistics (PBS) on Thursday shows that Pakistan’s merchandise exports increased 11.83 per cent to $2.31 billion in the first month of the current fiscal year from $2.06 billion in the same month previous year. Month over month, exports decreased by 9.77 percent from June. Exports increased 10.54 percent to $30.64 billion in FY24 from $27.72 billion the year before. From July 2023, exports rose continuously until January, when they began to decline. This downward trajectory continued till April. Following a brief setback, growth picked up speed in May and…
