Islamabad, Sep 2: According to the All-Sindh Sarafa Jewelers Association, the price of 24 carat gold per tola was transacted at Rs. 262,500 on Monday with no change in value. Ten grams of 24 carat and ten grams of 22 carat gold cost the same, respectively, Rs. 225,051 and Rs. 206,297. At Rs. 2,950 per tola and Rs. 2,529.14 per gram, respectively, the price of silver did not change. According to the Association, the price of gold stayed unchanged at $2,503 on the global market. Despite a decline in the global market, gold prices increased in Pakistan on Saturday. The…
Author: Mawadat Fatima
Islamabad, Sep 2: All driving license services throughout Punjab, including Lahore, have been suspended due to a serious problem that has arisen with the Driving License Issuance Management System. International driving permits, renewals, new licenses, and learner’s permits have all been impacted by the problem. According to CTO Ammara Athar, the Punjab Information Technology Board (PITB) team is actively working on resolving the technical difficulties that are causing the problem. Processing of driver’s licenses has been completely stopped while the system receives the necessary updates and improvements. Due to this disturbance, people who want to apply for a new or…
Islamabad, Sep 2: The Pak-Kuwait Investment Company (PKIC) leadership met with Federal Minister of Finance and Revenue Muhammad Aurangzeb to talk about the joint venture’s strategic goals and future plans in Pakistan. The Pak-Kuwait Investment Company has been lauded by the finance minister for its strategic contributions to Pakistan’s economy, particularly in areas that are essential to the country’s long-term development. The minister praised PKIC in particular for taking a proactive stance in incorporating Islamic financing into its operations, pointing out that this strategy is consistent with Pakistan’s development ambitions as well as the more general objectives of moral and…
Islamabad, Sep 2: The Scheme of Arrangement for the merger by amalgamation of Liven Pharmaceuticals (Pvt.) Limited (LPL) with and into Landmark Spinning Industries Limited (PSX: LMSM) has been approved by the Sindh High Court by an order dated September 02, 2024. Following the approval of the Scheme of Arrangement, all of LPL’s rights, responsibilities, and assets have been combined, transferred, and are now owned by the Company. Following completion of the necessary legal and regulatory procedures, Landmark Spinning Industries Limited’s name will be changed to Liven Pharma Limited as a result of the merger, along with the primary business…
Islamabad, Sep 2: The Punjab Food Authority (PFA) fined the providers a total of Rs 33,000 and disposed of about 1,550 litres of tainted milk. 46 milk-carrying cars were examined by food safety teams at various checkpoints, according to a statement from an official spokesperson on Monday. Six of these vehicles’ milk samples were examined immediately upon receipt and were discovered to be tainted. The group threw out the tampered milk and assessed penalties appropriately. Asim Javed, Director General of PFA, stated that hotels and milk outlets all around the city were receiving the tainted milk. Furthermore, inspections in Khanewal…
Islamabad, Sep 2: In Islamabad, the federal government plans to plant between four and five million trees. This project, which is a component of the Carbon Credit Program, would span between 2,000 and 10,000 kanals, according to Romina Khurshid Alam, the Prime Minister’s Coordinator for Climate Change and Environmental Coordination. Romina emphasized that the Margalla Hills National Park will dedicate 1.5 percent of its revenue from recreational areas to the preservation and protection of its natural resources. The government’s commitment to protecting the ecological integrity of this important area is demonstrated by this financial contribution. While applauding the Islamabad administration’s…
Islamabad, Sep 2: The state-of-the-art A16 chip from TSMC, which is being produced using its most sophisticated angstrom-level process, is creating a lot of talk even before it is officially put into mass production. According to industry insiders, Apple, a significant customer of TSMC, has obtained the first batch of production capacity. It’s interesting to note that OpenAI, a prominent player in artificial intelligence, has also set aside A16 capacity. The long-term demand OpenAI has for specially created AI chips is what motivated this decision. It is anticipated that the presence of a major player in the AI space will…
Islamabad, Sep 2: The formation of a private limited company in the United Kingdom has received approval from the board of directors of Nishat Mills Limited (PSX: NML). The firm shall be formed in accordance with all applicable laws and subject to the granting of all necessary regulatory licenses through NML’s wholly owned subsidiary Nishat International FZE, United Arab Emirates. In addition to manufacturing textiles, the company also produces, gathers, distributes, supplies, and sells electricity. It also engages in the spinning, combing, weaving, bleaching, dyeing, printing, stitching, apparel, and other business dealings with yarn, linen, cloth, and other goods and…
Islamabad, Sep 2: Through a public-private collaboration, Pakistan Railways (PR) has brought the Sir Syed Express service back online. A PR spokesperson said that the first train, which had 16 coaches, left on Sunday and traveled via Faisalabad from Karachi to Rawalpindi. On board, extra precautions have been taken to ensure a constant supply of pure water. In addition, complimentary Wi-Fi is offered to passengers to maintain connectivity throughout the trip. Passengers can purchase tickets for the Sir Syed Express from the comfort of their own homes by using mobile devices. Amir Baloch, the CEO of Railway, expressed optimism for…
Islamabad, Sep 2: According to Atif Ikram Sheikh, President of the Federation of Pakistan Chamber of Commerce and Industry, the FBR’s incapacity to meet the tax targets is evident, as the organization was unable to do so even after subjecting the populace to 1800 billion rupees in taxes. In order to complete the IMF program, plans are currently underway to raise the tax rate even further—which is never a wise course of action. According to Federation President Atif Ikram Sheikh, the FBR had a 98-billion-rupee revenue shortfall in just two months, hence the government had no incentive to impose further…