Islamabad, JULY25: The expected capacity payments to independent power producers (IPPs) for the current fiscal year 2024–25 (FY25) has been finalized by the federal government. According to official projections, several power plants would get capacity payments totaling Rs. 2,091 billion for the fiscal year 2024–2025, A total of Rs. 465 billion in capacity payments would be given to nuclear units. Capacity payments to hydropower projects would total Rs. 446 billion, while payments to imported coal power plants will total Rs. 395 billion. Similarly, capacity payments of Rs. 256 billion would be given to Thar Coal projects. It is expected that…
Author: Mawadat Fatima
Islamabad, JULY25: The price of gold decreased by the same amount on Thursday following a gain of Rs. 2,300 per tola on Wednesday. The price of 24 carats of gold decreased by Rs. 2,300 per tola to Rs. 255,500, while the price of 10 kilos decreased by Rs. 1,972 to Rs. 214,763, according to statistics released by the Karachi Sarafa Association. By 07:25 GMT, spot gold was down 1% on the foreign market to $2,372.74 per ounce, while US gold futures were down 2.1 percent to $2,366.00. It is important to note that the price of the precious metal reached an…
Islamabad, JULY25: According to reports, Apple will discontinue the iPhone Plus model next year and replace it with the very thin iPhone 17 Slim. Like Apple’s most recent iPad Pro, this next phone is anticipated to be the smallest iPhone ever. Ming-Chi Kuo, a well-known Apple analyst, asserts that the current iPhone Plus only makes up 5–10% of total iPhone sales. That’s probably why Apple is cutting it: poor performance. The 6.6-inch screen of Apple’s next iPhone 17 Slim will have a resolution of 1260 x 2740 pixels. The A19 processor, which powers the iPhone 17 Pro variants, is a…
Islamabad, JULY25: In an effort to improve convenience for locals, the Sindh Transport Department has launched a new route for the electric bus service in Karachi. “EV-4,” the recently constructed 55-kilometer highway, connects Superhighway with Numaish Chowrangi. Raja Abdul Razzaq and Sajid Jokhio, PPP MPAs, presided at the route’s opening. The communities of Ayesha Manzil, Lalukhait, and Teen Hatti would benefit from the EV-4 route, which passes through important locations including Dumba Goth, Gulshan-e-Maymar, Sohrab Goth, and Al-Asif Square, according to Sindh Transport Minister Sharjeel Memon. Memon emphasized that the goal of this program is to boost regional economies, lower…
Islamabad, JULY25: Finally, Apple has released a web version of the Maps application. You may now use a desktop or mobile web browser to view Apple Maps directly thanks to a public beta that was made available on Wednesday. Similar to the iOS app, this web version provides walking and driving instructions. Additionally, you may peruse company listings that include reviews and ratings. In the upcoming months, further features, such as the immersive “Look Around” feature, will be implemented. The online version may be accessed at beta.maps.apple.com. Using a web browser, you can use company information, navigate cities, and receive instructions.…
These days, it seems like everyone has an AI influencer. Why not include Pakistan as well? Shabnam Xai, the first AI influencer in Pakistan with more than 8,000 Instagram followers, offers the solution. Shabnam describes herself on her Instagram account as an MBA candidate at LUMS and a digital designer. Her work emphasizes in cuisine, fitness, travel, and other topics. She is originally from Islamabad. Since July 16, she has begun posting on her account. Shabnam may be seen in the pictures at a variety of northern Pakistani locales, such as Azad Jammu & Kashmir and Skardu. She has also been…
All nursing institutions and colleges in Karachi and Sindh will start offering nighttime programs in an effort to address the lack of nurses. The director of the Sindh Nursing Examination Board, Najma Mangi, declared that the goal of this project is to greatly improve the nursing field. She said that Sindh will provide nighttime sessions for the first time, taking a cue from Punjab. It is anticipated that this strategy would increase the number of nurses and speed up efforts to reduce sickness. Najma said that the number of nursing graduates each year may quadruple with the introduction of nighttime…
The International Monetary Fund (IMF) discovered that Pakistan was lagging behind its neighbors in terms of export development as a result of payment limitations, tariff and non-tariff import obstacles, and currency rate problems. Pakistan’s exports considerably trail those of Bangladesh, India, Vietnam, Thailand, and other neighboring countries, according to the lender’s assessments. The IMF has emphasized that in order to attain significant development, the nation needs diversify its export industries beyond textiles and agricultural exports. For both imports and exports, Pakistan is expected by the IMF to keep an eye on and adjust to the competitive trends in international markets.…
In tomorrow’s Women’s Asia Cup semifinal at the Dambulla International Cricket Stadium, Pakistan will play Sri Lanka. Given that both teams have been playing at a high level throughout the competition, this matchup could be exciting. With a decisive 10-wicket victory over Thailand, Sri Lanka guaranteed their place in the semifinals of the Women’s Asia Cup. They achieved this by quickly reaching 94 runs in just 11.3 overs. They have won three of their three games in the competition, and they are also undefeated thus far. Their opening pair, Chamari Atapattu and Vishmi Gunaratne, demonstrated exceptional batting ability, achieving the…
Published 25 JULY 2024: A set of regulations governing the assignment and transfer of non-performing assets (NPAs) from financial institutions—banks and development financial institutions—to corporate restructuring companies (CRCs) has been released by the State Bank of Pakistan. In their interactions with the CRC(s), the FIs must make sure that the transfer and assignment of NPAs is carried out in accordance with the terms of the Act, pertinent laws, rules, regulatory instructions (as amended from time to time), and FIs’ internal policies, procedures, and instructions in a fair, transparent, and prudent manner. In accordance with FI’s policy for the transfer and assignment…
