Author: Mawadat Fatima

Islamabad, Sep 10: The SAFF Under-17 Championship, Pakistan Football Federation (PFF) is having trouble getting a critical No Objection Certificate (NOC) from Pakistan Sports Board (PSB). The PSB reportedly rejected the PFF’s current NOC application, citing procedural delays and lacking supporting evidence. PFF had originally applied on August 22 for permission to hold the event, which is slated to begin on September 20 in Bhutan. The PSB replied, letting the federation know that the application was received past the deadline and did not have the required approvals. In particular, the NOC lacked the Chairman of the PFF Normalization Committee’s (NC)…

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Islamabad, Sep 10: Pakistan’s Ambassador to the United States, Rizwan Saeed Sheikh, today decorated Congressman Alexander N. Green with the prestigious Sitara-i-Khidmat for his outstanding contribution in strengthening Pakistan-US relations; his support for promotion of positive image of Pakistan in the U.S. Congress and his role in combating Islamophobia. The special investiture ceremony held at the Embassy of Pakistan Washington D.C. today was attended among others by Congressman Randy Weber, Representative Henry Ceullar, former Congressman Nick Lampson, Texas State Representative Rep. Suleman Lalani, diplomats and prominent members of the Pakistani American community from Texas and DMV area. “Today we have…

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Islamabad, Sep 10: The Lions will be led Pakistan’s best fast bowler, Shaheen Shah Afridi, in the next Champions One-Day Cup at Iqbal Stadium in Faisalabad. With great anticipation, Afridi, who led Lahore Qalandars to two PSL championships in the past, assumes this new leadership position. He wants his side to thrive under the guidance of former Pakistan captain Waqar Younis. voiced his excitement for the competition and stressed how important this chance was. “It’s an exciting challenge to lead the Lions in an event this competitive.” We have a young, talented team, and I’m excited to lead the group…

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Islamabad, Sep 10: The Pakistan Stock Exchange (PSX) was told on Tuesday Dewan Farooque Motors Limited (PSX: DFML) that the company has commenced the production of electric vehicles. In a stock filing today, DFML announced that the Engineering Development Board (EDB) has approved the physical inspection of the manufacturing facilities of its affiliated firm, Eco-Green Motors Limited (EGML). As per the toll manufacturing agreement with EGML, DFML said, production has started. Assembling, producing, and selling automobiles in Pakistan is the company’s main business. DFML’s shares on the market were trading at Rs. 52.44 at the time of reporting, up 2.04%…

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Islamabad, Sep 10: The Pakistan Meteorological Department (PMD) has said that it will be deploying advanced radars throughout the nation. Through improving weather forecast timeliness and accuracy, this effort seeks to increase disaster preparedness and offer vital insights into climate change. Five permanent monitoring radars will be installed by the PMD in key areas, including Khyber Pakhtunkhwa, Cherat, Dera Ismail Khan, Quetta, Gwadar, and Lahore. Karachi will keep up its important role in the nation’s weather monitoring network since it already has a radar station that works well. Three portable surveillance radars will be placed across the country in addition…

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Islamabad, Sep 10: The Pakistan’s mobile traffic and ATMs internet shutdown non-renewal of Long Distance International (LDI) licenses due to unpaid dues of approximately Rs. 79 billion has put approximately 50% of mobile traffic, 10% of Internet traffic, and 40% of ATM banking machines at risk of going out of operation, according to official papers. Thirteen LDI license holders were up for renewal. Nine licensees still owe money on their APC for U.S., while four licenses are being processed for renewal. Multinet Pakistan and Wateen Telecom have made it possible for Pakistan to have many cross-border microwave and OFC lines…

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Islamabad, Sep 10: The Capital Development Authority (CDA) has announced the launch of multiple real estate projects aimed at attracting investment from overseas Pakistanis. This project, which was reviewed at a meeting on Monday with representatives from the Public-Private Partnership Authority and the CDA, aims to promote profitable business prospects while aiding in Islamabad’s development. The CDA Chairman, Mohammad Ali Randhawa, stressed the significance of these initiatives, noting that they are made to satisfy the expectations of Pakistanis living abroad as well as international standards. In a news release, Randhawa stated, “Overseas Pakistanis are given excellent opportunities to invest in…

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Islamabad, Sep 10: The iPhone 16 Pro Max price in Pakistan is creating quite a buzz , where tech enthusiasts eagerly await its release. The iPhone 16 pro max price in Pakistan Expected to be around PKR 454,000. This flagship device boasts impressive features like a 6.7-inch Super Retina XDR OLED display and a triple-camera system, including a 48 MP main camera. Apple enthusiasts in Pakistan are anxiously awaiting formal announcements regarding the pricing and features of the next iPhone 16 series. With a projected price of PKR 454,000, The iPhone 16 Pro Max is positioned as a high-end gadget…

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In interbank trading, the value of the US dollar has dropped by 10 paisas relative to the Pakistani rupee amid the rise in remittances. The interbank currency rate for the US dollar is currently Rs278.60. In August 2024, remittances from workers in Pakistan increased significantly, totaling $2.9 billion. This represents a 40.5% increase over the same month the previous year, underscoring the vital role that Pakistanis living abroad play in bolstering the national economy. The total amount of remittances received during the first two months of the fiscal year 2025 (FY25) was $5.9 billion, a 44% increase over the $4.1…

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Islamabad, Sep 10: The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Tuesday. CONVERSION RATES FOR SEPTEMBER 10, 2024, FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS) SBP SETTLEMENT VALUE DATE SEPTEMBER 12, 2024      USD      278.6000      GBP      365.0774      EUR      308.0759      JPY        1.9468

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