Islamabad, Sep 25: Virtual University has extended the application deadline for its Fall 2024 semester to September 30. The announcement, made via a press release, gives prospective students more time to apply for a variety of BS programs in fields such as Computer Science, Business Administration, Psychology, Mathematics, Mass Communication, and Bio Sciences. The university also offers associate degree programs, providing flexible learning options designed to meet current industry demands. Additionally, over Rs80 million in scholarships are available for deserving students, as part of the university’s commitment to accessible education.
Author: Mawadat Fatima
Islamabad, Sep 25: Amazon Italy accidentally leaked key details about the upcoming Xiaomi 14T series ahead of its official launch on September 26. The listing, although removed quickly, provided information about pricing, promotional offers, and specifications. Buyers of the Xiaomi 14T Pro will receive a free Redmi Pad Pro (6/128 GB) worth €330 and a 120W charger valued at €60. The 256 GB variant of the 14T Pro is priced at €800, while the 512 GB model will cost €900. While pricing for the standard Xiaomi 14T was not visible, reports suggest it may start around €650, in line with…
Islamabad, Sep 25: Federal Board of Revenue (FBR) Chairman Rashid Mahmood announced that the government has decided to completely abolish the concept of non-filers in income tax laws. This move is part of a larger initiative to transform Pakistan’s cash economy into a documented economy and reduce the tax gap, which currently stands at Rs. 7.1 trillion. During a presentation to leading business and trade groups, Mahmood explained that the category of non-filers would be eliminated, alongside banning the use of cheques for cash withdrawals beyond a certain threshold. The government also plans to abolish Schedule 10 from the Income…
Islamabad, Sep 25: The Asian Development Bank (ADB) has projected a modest recovery in Pakistan’s GDP growth to 2.4% for fiscal year 2024, with further growth of 2.8% expected in fiscal year 2025. This recovery is supported by higher domestic consumption, increased agricultural income, and workers’ remittances. However, the ADB emphasizes the importance of adhering to economic reforms to sustain this growth and stabilize the macroeconomic environment. Inflation in Pakistan, which averaged 23.4% in FY2024, is expected to decrease to 15% in FY2025 due to more regulated monetary policy and stable food prices. Despite risks, the continued focus on reforms,…
Islamabad, Sep 25: Bank Alfalah, a prominent commercial bank in Pakistan, achieved international recognition at the 2024 Global Islamic Finance Awards (GIFA), securing two prestigious honors: the Islamic Banker of the Year 2024 and the Best Islamic Banking Window Operations Award 2024. These accolades underscore the bank’s leadership and innovation within the Islamic banking sector. Founded in 2003, Bank Alfalah Islamic has grown to over 375 branches nationwide, offering a comprehensive suite of Shariah-compliant financial solutions. The Islamic Banker of the Year award was conferred upon Dr. Muhammad Imran, Group Head of Islamic Banking, marking a significant milestone for the…
Islamabad, Sep 25: Former cricketer Basit Ali has criticized Pakistani bowlers for not fully embracing Morne Morkel’s coaching expertise, contrasting their attitudes with the professionalism shown by Indian players. Morkel, who recently joined India’s coaching staff, made an immediate impact as the Indian bowling unit dominated in the first Test against Bangladesh. India secured a commanding 280-run victory in Chennai, largely thanks to the stellar performances from their bowlers. Jasprit Bumrah led with figures of 4/50, while spinners Ravichandran Ashwin and Ravindra Jadeja dominated in the second innings. Morkel, who had a brief and disappointing stint with Pakistan, has seemingly…
Islamabad, Sep 25: The Finance Division of Pakistan has introduced strict guidelines for the allocation and re-appropriation of funds during the financial year, emphasizing the importance of maintaining fiscal discipline. According to the notification issued, no supplementary grant will be provided for any additional, unbudgeted spending beyond the parliamentary-approved level, except in cases of severe natural disasters. Key aspects include: Re-appropriation of funds: Principal Accounting Officers (PAOs) are empowered to reallocate funds within approved limits but must avoid re-appropriation from unreleased budgets. Supplementary Grants: Requests for additional funds require a thorough justification process, including certification from PAOs that all alternatives…
Islamabad, Sep 25: The International Monetary Fund (IMF) Executive Board is set to review Pakistan’s request for a 37-month Extended Fund Facility (EFF) of approximately $7 billion today. This follows a staff-level agreement reached in July, which was contingent upon meeting certain prerequisites and securing financing assurances from Pakistan’s development partners. Pakistan has reportedly met all prior conditions, increasing the likelihood of the EFF’s approval. The IMF has also been reassured about reforms in Pakistan’s power sector and rollover of existing loans by friendly nations. Along with the IMF’s $7 billion package, Pakistan aims to secure an additional $5 billion…
Islamabad, Sep 25: Pakistani umpire Aleem Dar has announced his retirement after the ongoing Champions One Day Cup 2024, marking the conclusion of his illustrious on-field career. Although he officially retired from international umpiring in March 2023, Dar continued officiating matches within Pakistan but will now focus on his thalassemia hospital. Aleem Dar, a member of the ICC Elite Panel since 2004, holds the record for officiating 448 international matches, including 145 Tests, 231 ODIs, and 72 T20Is. Over two decades, he became a respected figure in cricket, known for his calm presence and sharp decision-making. His career includes officiating…
Islamabad, Sep 25: Prime Minister Shehbaz Sharif urged developed nations to assist developing countries in overcoming debt traps exacerbated by climate change-related natural disasters. Speaking at the SDG Moment 2024 Meeting, held during the 79th United Nations General Assembly session, Sharif highlighted the devastation caused by the 2022 floods in Pakistan, which resulted in a loss of $30 billion. He stressed that Pakistan, contributing minimally to global carbon emissions, bears the brunt of climate change, while wealthy countries, responsible for most emissions, should step up and help. Sharif also addressed the financial struggles of developing countries like Pakistan in achieving…