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…
Author: Mawadat Fatima
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…
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…
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…
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…
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
Islamabad, Sep 10: The Pakistan Telecommunication Authority (PTA) that a former IT secretary issued an illegal policy directive allowing certain long distance and international (LDI) service providers to pay fees in installments. Captain (Retired) Muhammad Mehmood, the former IT secretary, was fired after a scandal developed regarding the authorization, which was illegal and outside of his jurisdiction. The Senate Standing Committee on Information Technology and Telecommunication convened on Monday to discuss the issues confronting the telecom sector, with Senator Palwasha Khan serving as its chairman. The possibility of giving LDI businesses a tax cut of Rs. 54 billion was also…
Islamabad, Sep 10: Pakistan registered another draw in the ongoing Asian Hockey Champions Trophy at the Moqi Hockey Training Base in Hulunbuir City, Inner Mongolia, China. The Green Shirts’ match against South Korea resulted in a 2-2 tie as they were unable to hold onto a two-goal advantage. In the second quarter, South Korea scored a goal to take the lead, which they maintained until the third quarter. Up until the third quarter, Pakistan’s squad was behind by one goal and had failed to score any goals. But Hanan Shahid’s two quick goals in the fourth quarter led the Pakistani…
Islamabad, Sep 10: Pakistan’s next International Monetary Fund (IMF) programme would be the final one, according to Finance Minister Muhammad Aurangzeb. “Will this be the final program the IMF programme offers? Speaking to the Senate on Monday, he stated, “It would be the last one when we bring structural reforms. if we bring the structural reforms, it would be the IMF’s last program.” “It would be the last IMF program if we are successful in privatizing the state-owned entities,” the minister continued. The public’s trust is restored, the nation cannot advance and that in order to address the economic problems,…
Islamabad, Sep 10: The Federal Board of Revenue (FBR) is currently debating a new proposal from merchants to levy advance taxes based on the type of market businesses. The dealers desired annual tax payments. Traders must, however, pay advance taxes on a quarterly basis; the first installment for the July–September (2024–25) period is due in October 2024. Tax collection according to categories would be simpler than the labor-intensive door-to-door market survey. They continued, “As a result, one of the proposals is to collect tax based on businesses in the market.” Naeem Mir, the chief coordinator of the Tajir Dost Scheme,…