Islamabad, Sep 12: Government pensions increase the Finance Ministry is likely to abandon the one-time pension hike for retired civil personnel and instead raise them by 80% over the next two years in accordance with the rate of According to sources, the Ministry of Finance is choosing a new system that links increases in pension benefits to inflation. The administration hopes to lessen the mounting pension burden on the treasury with the proposed approach. For the current fiscal year, the government has set aside Rs. 1,014 billion for pensions. The Finance Ministry increased pension payments to retired personnel by a…
Author: Mawadat Fatima
Islamabad, Sep 12: Brokerage house Arif Habib Limited (AHL) noted in a brief statement today that there has been a considerable reduction in KIBOR rates since the last Monetary Policy Committee (MPC) meeting in July 2024. The 3M, 6M, and 12M rates have dropped by 171bps, 173bps, and 131bps, respectively. According to AHL, the spread between the policy rate and KIBOR is currently -231bps (12M), -193bps (6M), and -183bps (3M). The spread was previously +45bps for 3M, +55bps for 6M, and +71bps for 12M, with KIBOR being higher than the policy rate, according to a 5-year historical average. According to…
Islamabad, Sep 12: Punjab’s Chief Minister Maryam Nawaz has implemented a sweeping ban on social media use for on-duty police officers. The prohibition extends to popular platforms such as TikTok, Facebook, Instagram, etc. This prompt response comes after a slew of events in which videos of female staff members and Punjabi police officers went viral on social media. The Punjab Police Inspector General (IG) has released a thorough social media usage guideline for all officers and staff in response to the Chief Minister’s direction. The updated policies come with a strong warning: employees who share recordings while wearing their uniforms…
Islamabad, Sep 12: In honor of their “30 years of excellence,” Honda Pakistan has unveiled a special package that includes 7 enhancements for the Honda City 1.2L CVT variant. Customers are invited to upgrade the comfort and style of their cars with these additions as part of a limited time offer that was publicized on social media. Here are the 7 upgrades available in the package: Rear Right (RR) Speakers Alloy Wheels Front Fog Lights High-Grade Seats Shark-Fin Antenna Navigation System with Reverse Camera Chrome Door Handles It’s crucial to remember that Honda has not yet disclosed the cost of…
Islamabad, Sep 12: Apple event 2024 typically come with lots of news — and the Sept. 2024 “Glowtime” event on Monday delivered. The marquee event from the tech giant promised the new iPhone 16, Apple Watch Series 10, and more. Apple Watch Series 10 specs, price revealed The tech giant unveiled the most recent iteration of its well-liked smart watch, along with new colorways in rose gold and black. According to Apple, the Series 10 was noticeably slimmer and lighter without compromising on functionality. Additionally, it seems to have a better speaker than any sicko listening to music on their…
Islamabad, Sep 12: Bngladesh Cricket Board (BCB) on Thursday, 12 September announced the squad for the upcoming two-match Test series against India. Two red-ball matches will be played in India by the 16-person traveling team, and there have been some shocks in the lineup. Due to an injury, Shoriful Islam has been left off the roster, but Jaker Ali, who has never played a cap, has been added. Najmul Hussain Shanto will remain the team captain for the two Test matches, which are scheduled for Chennai from September 19–23 and Kanpur from September 27–October 1. In their last assignment, Bangladesh…
Islamabad, Sep 12: In a thrilling series of matches, the Afghanistan National Cricket Team has showcased their exceptional skills and determination. The team, known for its rapid rise in international cricket, delivered a series of impressive performances that have left fans and critics alike in awe. After initially criticising Noida Stadium in India for lacking the necessary facilities to hold a Test match against New Zealand, the Afghanistan Cricket Board (ACB) has issued a revised statement. The Asia-Pacific Cricket Board (ACB) reportedly chastised the Board of Control for Cricket in India (BCCI) for providing a venue with insufficient resources. Three…
Islamabad, Sep 12: PCB Unveils Commentary Team for Champions Cup 2024. He will be joined by Pakistan’s cricket analyst Sikandar Bakht, former cricketer Marina Iqbal, Shah Faisal, and Ali Younis in the commentary box. The tournament will also feature sports presenter Meesha Imran, who will be hosting and presenting the event. The PCB Champions One-Day Cup promises thrilling fixtures with teams like the Dolphins, UMT Markhors, Panthers, Allied Bank Stallions, and Nurpur Lions set to compete. Each team is led by prominent figures in Pakistan cricket: Dolphins: Captained by Saud Shakeel, with former national team captain Sarfaraz Ahmed serving as mentor.…
Islamabad, Sep 12: The PML-N-led Punjab government is getting ready to introduce a welfare program that will give free transportation to specific social categories. Free Travel for Seniors, Students, disabled in Punjab will all benefit from these services, which will make it free for them to ride the Orange Line, Metro, and Speedo buses. Reducing the financial burden on these vulnerable groups and improving accessibility to public transit are the main objectives. There will be free transportation offered in three major cities: Rawalpindi, Multan, and Lahore. Large transportation networks exist in many cities. The Punjab Cabinet Committee’s ultimate approval of…
Islamabad, Sep 12: Sindh Floods: 230,000 Kids Out of School – UNICEF According to the most recent data from the Sindh Education Department (SED), over 1,300 schools have been damaged, with 228 of them completely demolished, as monsoon rains and floods wreak havoc across southern Pakistan. Additionally, over 450 schools are now closed due to flooding, which has an immediate negative influence on children’s education. The head of UNICEF Pakistan, Abdullah Fadil, stated that the catastrophic effects of climate change continue to interfere with children’s education, from heatwaves to floods. Pakistan already has a crisis in education, with 26.2 million…
