Islamabad, Aug 29: According to a notice to the Pakistan Stock Exchange (PSX), Hi-Tech Lubricants Limited, the well-known producer of ZIC Brand Lubricants in partnership with SK Enmove Co. Ltd. from South Korea, has announced a strategic partnership with MDS Foods (Pvt.) Ltd., the territorial rights holder of the American fast-food giant, Hardee’s Restaurant. By establishing Hardee’s Restaurants at Hi-Tech Lubricants’ extensive statewide network of HTL Fuel Stations, the deal seeks to significantly expand the Hardee’s brand throughout Pakistan. On August 28, 2024, a Memorandum of Understanding (MOU) was signed, formalizing this collaboration. The Company’s main business is the acquisition…
Author: Mawadat Fatima
Islamabad, Aug 29: In order to assist people with disabilities (PWDs), the Punjab government launched the “Himmat Card,” which gives them access to ATM cards. Chief Minister Maryam Nawaz Sharif was present at the signing ceremony of a memorandum of understanding (MoU) between the Department of Social Welfare and the Bank of Punjab to formalize this effort. The specifics state that 65,000 people with disabilities will receive ATM cards from the Bank of Punjab throughout the province. Every quarter, each recipient of a Himmat Card will receive Rs 10,500. 40,000 people will receive their Himmat Cards in the first phase,…
Islamabad, Aug 29: According to the German Embassy in Islamabad, they are unable to handle the volume of student visa applications for the winter semester. Only the most eligible applications will therefore probably be processed. Many students have had protracted delays in their immigration interviews in the past few weeks, despite having been accepted to German universities. Students said that there had been issues with the embassy’s visa appointment system, which opened for winter semester enrollment on May 21. They asserted that only fast-track applications appear to be getting attention, and that appointments for conventional processing are either difficult to…
Islamabad, Aug 29: For months, rumors have been circulating regarding a redesign of Samsung’s Galaxy S25 Ultra’s design. The main focus of these rumors has been on a more ergonomic form factor. The most recent rumor indicates that portability won’t be sacrificed in Samsung’s quest of a pleasant grip. Should the rumors be accurate, the S25 Ultra is expected to be extremely light and thin. According to leaked information, the S25 Ultra is expected to surpass the weight and slimness of both Google’s Pixel 9 Pro XL and the iPhone 16 Pro Max. Although the Pixel 9 Pro XL offers…
Islamabad, Aug 29: The Pakistan Telecommunication Authority (PTA) has come under fire from the country’s auditor general for allegedly changing the terms of long-distance and international (LDI) licenses without the required consent from the federal government. The LDI license granted to M/s Zeta Technologies (Pvt.) Ltd. on January 5, 2023, was modified. New clauses 3.2.6 to 3.2.8 under the name “Network Rollout Obligations” are included in this update. The provisions of the De-Regulation Policy 2003 and the Telecommunication Policy 2015 are violated, according to the Auditor General. The audit report states that Rule 5.2.3 of the Telecommunication Policy 2015 requires…
Islamabad, Aug 29: All government agencies in Punjab are required to set up an online system for monitoring staff attendance and leave. The Chief Secretary of Punjab is directing this action with the goal of improving administrative openness and efficiency. All government employees will now be required by the online system to log their attendance and submit leave requests via an online portal. The goal of this project is to reduce paperwork, reduce manual errors, and provide real-time attendance and departure updates. Annual Confidential Reports (ACRs) will now be digitalized per the Chief Secretary’s instruction, which aims to streamline administration…
Islamabad, Aug 29: The economic geniuses in Pakistan have unveiled a bold plan to quadruple the quadruple the remittance goal for overseas Pakistani from $30 billion to $60 billion over the course of the next ten years. The remittance target for the current fiscal year is $30.27 billion. The plan calls for a more than $3 billion annual increase in remittances in order to meet this target. Important tactics include presenting incentives to Pakistanis living abroad, stationing 26 Community Welfare Attachés in the US, Europe, and the Gulf, and providing assistance with finding work, starting a new business, and gaining…
Islamabad, Aug 29: The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Thursday. CONVERSION RATES FOR AUGUST 29, 2024 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE-25 DEPOSITS) SBP SETTLEMENT VALUE DATE SEPTEMBER,03, 2024 USD 278.3500 GBP 368.3127 EUR 310.5829 JPY 1.9254
Islamabad, Aug 29: The UAE Embassy in Islamabad has made the decision to support local government efforts to improve and renovate one of the city’s parks. The UAE embassy, through the Ministry of Foreign Affairs, has indicated interest in aiding the city government by adding new facilities to a park in the capital, according to a representative from the Capital Development Authority’s (CDA) environment wing. The UAE embassy is interested in working with the Islamabad administration to update and restore one of the current parks, which may be in sectors F-6, F-7, F-8, or another region of Islamabad, according to…
Islamabad, Aug 29: According to the recently issued PSW Assessment report, Pakistan Single Window (PSW) declared a profit or surplus revenue of Rs. 135 million in the financial year 2022–23, as opposed to the losses of Rs. 177 million reported in 2021–22. Despite being a non-profit organization, PSW functions similarly to a corporation. In its first two years of operation, PSW has been able to produce excess income and savings. This excess may increase as the number of subscribers rises and customers get more accustomed to an automated trading process. Over 82,000 users are currently utilizing the many services provided…
