ISLAMABAD, AUGUST 13: Beginning today, two four-day matches between Pakistan Shaheens and Bangladesh A will be played at the Islamabad Club in an entertaining cricket series. Given that several players from each team have been included in their respective national Test squads, this series is significant for both teams as they get ready for the ICC World Test Championship. These matches give cricket players a vital platform to impress selectors and earn spots in their national teams. The Pakistan Shaheens have been practicing hard under head coach Umar Gul, with guidance from recently appointed Test vice-captain Saud Shakeel. The squad…
Author: Mawadat Fatima
ISLAMABAD, AUGUST 13: Tiktok introduced group chat feature and stickers for DMs. Users will be able to organize group conversations on the site with up to 32 people, despite it not being universally available. TikTok introduced group chat feature which lets users have real-time discussions, share videos, and comment on them up to 32 members Through their inbox, users can start group chats by tapping the Chat icon or by choosing a contact from the list of messages and then clicking the “More options…” button. Before the group chat begins, users can be added from there. As an alternative, users…
ISLAMABAD, AUGUST 13: The Federal Board of Revenue’s (FBR) new chairman has voiced his misgivings about the aggressive goal of collecting Rs. 40 billion from traders in the current fiscal year. During a high-level meeting on Monday at the FBR headquarters, which was presided over by Finance Minister Muhammad Aurangzeb, Rashid Mahmood Langrial shared his opinions regarding the estimate. The meeting was also attended by Ali Pervaiz, the Minister of State for Finance and Revenue. According to a source who spoke with Dawn, Mr. Langrial questioned the Inland Revenue Service representative about how Rs40 billion could be taken from traders…
ISLAMABAD, AUGUST 13: Seven Pakistani-listed businesses have been added to the indices of Morgan Stanley Capital International (MSCI), a stock market index provider and investment research firm. In an update to its Quarterly Index Review for August 2024, MSCI announced that Pakistan had been added to the MSCI Main Frontier Market Index by one. An addition has been made to the MSCI Main Frontier Market: Sazgar Engineering Works (SAZEW). Two components have been eliminated and six new constituents have been added to the MSCI Pakistan Frontier Market Small Cap index. Atlas Battery Limited (ATBA), Ghandhara Automobiles Limited (GAL), Habib Sugar…
ISLAMABAD, AUGUST 13: Under sub-section (2) of Section 9 of the Insurance Ordinance 2000, the Securities and Exchange Commission of Pakistan (SECP) has terminated M/s EFU Health Insurance Limited’s registration as an insurer. In light of the plan for the merger of EFU Health Insurance Limited and EFU Life Assurance Limited, SECP has revoked the registration. M/s EFU Health Insurance Limited is no longer authorized to carry on insurance business in Pakistan and, as per scheme, any business activity carried by it or any liability incurred by it shall be payable by M/s EFU Life Assurance Limited, said the statement…
ISLAMABAD, AUGUST 13: According to new data from the Pakistan Automobile Manufacturing Association (PAMA), car sales in Pakistan for the first month of the current fiscal year 2024–25 climbed by 58.21% over the same month the previous year. As per the available data, Pakistan sold 5,857 cars in the month under review, compared to 3,702 units in the same month the previous year. According to the breakdown of sales, 208 Honda Civic and City units were sold in the same month of previous year, whereas 790 units were sold in 2024–25. Sales of Toyota Corolla and Yaris automobiles rose by…
ISLAMABAD, AUGUST 12: The Indus Motor Company (IMC) hosted a ceremony at its manufacturing site in Port Qasim Authority, Karachi, to announce that Toyota Indus motors starts exporting cars Globally. Rana Tanveer Hussain, the federal minister of industries and production, Engineer Khuda Buksh, the CEO of the Engineering Development Board (EDB), members of the Special Investment Facilitation Council (SIFC), and executives from Toyota, including Executive Vice President of Toyota Motor Asia Kazunari Iguchi, attended the event. IMC intends to start exporting automobiles and auto parts to nations in the Pacific, notably the Toyota Fortuner, Hilux, and Corolla Cross models. Both…
ISLAMABAD, AUGUST 12: On Monday, the price of gold in Pakistan stayed the same as dealers increased the discounts they gave to buyers. The Karachi Sarafa Association released data showing that the price of 24 carats of gold was Rs 256,500, while the price of 10 kilos was Rs 219,907. According to the Association, compared to the global market, the price of the precious metal has been kept below cost by Rs. 2,500 per tola. a 500 rupee increase on the discount that was granted at the end of the previous week. Last week, despite daily fluctuations, the price mostly…
ISLAMABAD, AUGUST 12: To stop the unauthorized usage of mobile SIMs, the Pakistan Telecommunication Authority (PTA) has unveiled a comprehensive plan. PTA has acquired data from NADRA to identify and prohibit unlawful SIMs in an effort to address the problem. The purpose of this action is to safeguard citizen data and stop unlawful activity. In three stages, PTA will block unlawful SIM cards. SIMs registered on canceled or fraudulent CNICs will be the focus of the initial phase. While SIMs registered in the names of deceased people would be blocked in the third phase, the second phase will concentrate on…
ISLAMABAD, AUGUST 12: The Pakistan would receive a $500 million loan from the Islamic Development Bank (IsDB) in the current fiscal year. The first installment of $10 million is anticipated this month, according to sources in Pakistan. This sum will cover the first quarter of the current fiscal year’s oil imports. In the upcoming quarter, IsDB will contribute $150 million, and in the third and fourth quarters of the fiscal year, it will contribute an additional $250 million. This funding coincides with the expiration of Pakistan and Saudi Arabia’s oil purchase deal. The IsDB gave $250 million for oil imports…
