Islamabad, Oct 31: PTA Raids Illegal Phone SIM Seller in Burewala, Cracks Down on Unregistered SIMs The Pakistan Telecommunication Authority (PTA) Zonal Office in Lahore in close coordination with the Federal Investigation Agency (FIA) Cyber Crime Circle, Lahore. It was discovered that this franchisee was complicit in the unauthorized SIM issuance. Three cell phones, five BVS devices, twenty-five suspicious SIMs, and fourteen operational SIMs were found during the raid. These devices were seized by the FIA team as proof. The agency has filed a formal complaint and immediately arrested two shopkeepers. The PTA complained to the FIA about the unauthorized…
Author: Mawadat Fatima
Islamabad, Oct 31: Chief of Army Staff General Asim Munir has been urged by German envoy Alfred Grannas to assist in renegotiating Siemens’ contract termination. Siemens owns a 26% share in Rousch Pakistan Power Limited (RPPL). According to Express Tribune, the German government has rejected the contract termination but is amenable to closure provided Pakistan agrees to six requirements. Siemens’ long-standing collaboration in Pakistan’s electricity sector was in danger and was undermining investor confidence, the German envoy wrote to Asim Munir. According to the present terms of the proposed settlement, RPPL must give the plant to the federal government for…
Islamabad, Oct 30: A chartered flight carrying 95 tons of relief supplies from Islamabad International Airport has safely landed the 18th shipment of humanitarian aid for the people of Lebanon in Beirut. In a statement, the administration said it is still committed to helping the war-torn populations of Gaza and Lebanon with humanitarian aid. This most recent shipment further solidifies Pakistan’s position as a responsive and caring partner in the global community by reaffirming its commitment to delivering necessary supplies to communities impacted by crises. Pakistan’s sustained commitment to aiding Lebanon’s recovery and fortitude in the face of adversity is…
Islamabad, Oct 30: According to ARY News, which cited reliable sources, Sindh has seen a dramatic increase in malaria cases, with the province reporting over 93,000 cases in the past week. Up to 93,002 instances of malaria were reported throughout Sindh in the last week, according to NIH sources. Larkana recorded the most cases of malaria (10,427), while Khairpur came in second with 7,858 cases. Qambar reported 7,525 malaria cases, Mirpurkhas, 5,655, Dadu 5,980, Badin 4,204 , Sanghar 5,488 , Tharparkar 4,099, Tando Allahyar, 4,130, Sukkur 4,249, Naushehro Feroze 3,682 , Shikarpur 4,186 and Umerkot reported 3546 malaria cases. Over 1,000…
Islamabad, Oct 30: National Tariff Policy Hinders Industrial Growth in Pakistan According to the Policy Research Institute of Market Economy (PRIME), the National Tariff Policy (2019–24) was a positive move, although it was unsuccessful in eliminating barriers and streamlining the tariff structure. In its most recent paper, “An Empirical Critique of National Tariff Policy 2019-24,” PRIME pointed out that a complicated tariff system hinders and ineffectively promotes Pakistani manufacturing exports. Shortly after it was passed in 2019, NTP 2019-24 was put on hold since the Federal Board of Revenue (FBR) kept using imports as a revenue source. 75 percent of…
Islamabad, Oct 30: NBP Profit Down by Whopping 91% in 9 Months of 2024 Amid Economic Challenges NBP reported 3QQ24 earnings of Rs. 2.96 billion (EPS: Rs. 1.39), up from the previous quarter’s loss of Rs. 9.1 billion but a notable 76 percent YoY drop. Total earnings for 9MCY24 were Rs. 3.5 billion, which is a YoY decline of 91%. According to Arif Habib Limited (AHL), reduced net interest income was the main factor contributing to the YoY decline in profitability in the most recent quarter. For 3QCY24, the bank’s net interest income was Rs. 33.6 billion, which represented a…
Islamabad, Oct 30; Mayor Murtaza Wahab recently gave the engineering department of the Karachi Metropolitan Corporation (KMC) a severe one-week deadline, highlighting the significance of expeditiously finishing ongoing roadworks throughout the city. The mayor emphasized the significance of fulfilling these dates by stating that carelessness would not be accepted. Priority road projects, such as those on I.I. Chundrigar Road, Liaquat Ali Khan Road, Mai Kolachi Road, M.T. Khan Road, Queens Road, Mumtaz Hasan Road, and Jinnah Bridge, were highlighted by the mayor in his remarks. In order to improve accessibility and ease traffic flow, he recommended for accelerating work on…
Islamabad, Oct 30: CDA Approves Refunds for Overseas Pakistanis and Markets For Pakistanis living abroad who invested in the Nilore Heights Housing Project, the Capital Development Authority (CDA) Board has authorized a complete reimbursement of processing expenses. Several important decisions were made at the 15th board meeting of CDA, which was presided over by Chairman Muhammad Ali Randhawa. The decisions centered on aiding CDA employees, impacted Islamabad locals, and Pakistanis living abroad. The Board resolved to give preference to Pakistanis living abroad when allocating plots in Sector C-14 by balloting. By establishing a seven-member committee to examine their cases, the…
Islamabad, Oct 30: The Sindh government has prohibited private schools from charging more than the monthly tuition and enrollment cost. Private schools are only allowed to collect admission and monthly tuition fees, according to a notification from the Directorate of Private Institutions. Additionally, it says that parents can report any extra costs that Sindhi schools impose to the government, which will then take appropriate measures against the offenders. For many parents, the exorbitant costs of private schools in Pakistan have become a major hardship. Families find it difficult to handle the high costs of living and stagnating salaries, frequently putting…
Islamabad, Oct 30: In order to compensate for anticipated income shortages this fiscal year, Sui Southern Gas Company Limited (SSGCL) and Sui Northern Gas Pipelines Limited (SNGPL), Pakistan’s two gas distribution corporations, have attempted to raise gas prices by as much as 54%. To assess these requests, the Oil and Gas Regulatory Authority (OGRA) has scheduled public hearings for November 5 and 8. SSGCL wants to raise its prescribed tariff from Rs. 1,251.32 to Rs. 1,920.39 per mmBtu, or a 53.5 percent increase of Rs. 669.07 per mmBtu. Along with Rs. 46.13 per mmBtu in RLNG cost of services, it…
