Islamabad, Oct 18: SBP to Cut Interest Rate by 200 Basis Points in November Amid Declining Inflation The SBP to Cut Interest Rate for October 2024 of Pakistan’s Consumer Price Index (CPI) is 6.5–7.0 percent YoY (+0.9 percent MoM), which would raise the 4MF25 average to 8.6 percent from 28. percent in 4MFY24. According to research by Topline Securities, food inflation is predicted to grow by 0.7 percent MoM in October 2024, primarily due to rising wheat and chicken costs. Interest rate outlook: On November 4, 2024, the Central Bank will hold its monetary policy meeting. According to the report,…
Author: Mawadat Fatima
Islamabad, Oct 18: Ahtisham Ali, advisor to the chief minister of health for Khyber Pakhtunkhwa, stated here on Thursday night that the government of Khyber Pakhtunkhwa was offering internships to Pakistani medical students studying abroad. In response to a question of order in the KP Assembly, the chief medical assistant stated that internships for medical students with degrees from foreign medical schools and universities are offered on a merit-based basis, subject to space availability, in all teaching medical facilities in Khyber Pakhtunkhwa. He stated that the main obstacles in this respect were the scarcity of seats and the lack of…
Islamabad, Oct 18: PRL Denies $1 Billion Investment Deal with Chinese Firm Media allegations that Pakistan Refinery Limited (PSX: PRL) made a commitment to any Chinese entity have been refuted. Citing allegations on Wednesday that it had obtained a $1 billion investment from a Chinese investment business, PRL stated, “News clipping dated October 17, 2024, has not been released by us, nor have we entered into any such commitments with any Chinese company.” “We have previously informed PSX about our senior management’s visit to China to meet with potential EPC Contractors and financial institutions, as well as the strong desire…
Islamabad, Oct 18: Pakistan Taekwondo Championship Win Marks Historic Achievement for National Team After yet another medal-filled day, Pakistan sealed the overall victory at the 6th Asian Open (Kyorugi) Taekwondo Championship in Indonesia, capping off an incredible participation. The team put up a historic performance, winning three gold, three silver, and two bronze medals. This was the first time in the history of the nation that male and female athletes had ever done so at an international taekwondo competition. Pakistan topped the standings in an intensely competitive competition that took place from October 14 to October 17. Kazakhstan came in…
Islamabad, Oct 18: Board Exams Postponed Due to Sudden College Holiday The ongoing exams for the Federal and Rawalpindi education boards have been delayed, which is a noteworthy move. Following the Punjab government’s proclamation of a Board Exams Postponed for all public and private colleges and institutions, the decision was made late last night. The provincial government sent out a statement declaring the day off for schools, which caused the boards to postpone all of their planned tests. As the boards attempt to reschedule the affected exams, students who were scheduled to appear for their exams will now experience delays.…
Islamabad, Oct 18: Raast Transactions Reach Rs. 20 Trillion Milestone in Record Time Raast Transactions the nation’s first rapid payment system, has handled 892 million transactions totaling Rs. 20 trillion, according to a statement released by the State Bank of Pakistan (SBP) on Thursday. The most recent trillion, according to the central bank, was accomplished in just sixteen days. The statement also stated that this demonstrates SBP’s dedication to facilitating and enabling digital payments for everyone. Real-time transaction settlement between individuals, companies, and other entities is made possible by Raast. The first use case for Raast, bulk payment, was implemented in…
Islamabad, Oct 18: Selecting the appropriate A-Levels prep school can have a big impact on your academic standing and future admissions to universities. Many prominent universities in Pakistan are well-known for their excellent teaching standards, knowledgeable faculty, and stellar A-Level performance histories. In this article, we’ll examine the top 10 A-Levels institutions in Pakistan and provide details on their learning environments and graduation rates. 1. Beaconhouse School System There is clear evidence that Beaconhouse School System has a positive reputation in Pakistan, regarding the offering of quality of A-Level courses and leading the student for university level education. Some of…
Islamabad, Oct 18: Muhammad Aurangzeb, the federal minister of finance and revenue, has reaffirmed the government’s commitment to continuing with extensive reforms on the fronts of energy, taxes, and SOE. Donald Blome, the US Envoy, paid the minister a visit in the Finance Division today. Bilateral cooperation and topics of mutual interest were covered during the meeting. US Envoy Donald Blome praised Pakistan’s government for enacting difficult and daring reforms, especially in the energy and taxes sectors, and acknowledged Pakistan’s efforts to improve macroeconomic stability. He restated his commitment to advancing high-caliber US investment for Pakistan’s economic development as well…
Islamabad, Oct 18: Details of the story indicate that the technology giant that owns Facebook, Meta, has just embarked on a string of targeted firing exercise that has impacted on some of its well-known units. Cuts are being said to affect works at WhatsApp, Instagram, and Reality Labs. Unlike previous masses layoffs, this current round of layoffs looks more strategic. According to insiders, the sackings are not part of a broad cost cutting exercise in the firm but are affiliated to restructuring within certain departments. Share of such losses are still likely to emerge from social networks as more people…
Islamabad, Oct 18: Senator Rubina Khalid who is the Chairperson for the Benazir Income Support Programmed or BISP has said that the Benazir Kafalat Program for the improved quarterly amount of up to Rs. 13,500 for the program beneficiaries has to be reached by the year 2025. This amount will be raised from Rs: 10,500 to Rs: 13,500 by the year 2025 she said while visiting Benazir Nashonuma Center at Sindh Government Hospital PIB Colony Karachi. In his meeting with the writers of the news release, the chairperson toured the facilities and conversed with the program beneficiary women to confirm…
