Islamabad, Oct 8: Hezbollah hits Israeli intelligence base near Tel Aviv with rocket salvo Hezbollah hits Israeli intelligence base near Tel Aviv, specifically the Glilot base of military intelligence unit 8200. This attack is part of escalating tensions between Israel and Hezbollah, a Lebanese group backed by Iran. Meanwhile, the United States has issued warnings to Israel regarding potential strikes on Beirut airport and nearby roads, emphasizing the need to keep these routes open for American and other foreign nationals to evacuate. The U.S. has been chartering flights to evacuate citizens as the conflict grows, with approximately 900 people having already…
Author: Mawadat Fatima
Islamabad, Oct 8: CAA inspections on PIA aircraft begin for flight safety The Director General of Civil Aviation Authority (DGCAA), Nader Shafi Dar, announced that all Pakistan International Airlines (PIA) planes will undergo comprehensive inspections as part of ongoing efforts to lift the ban on flights to Europe, ARY News reported on Monday . The European flight ban is expected to be lifted by November, following the release of the International Aviation Organization’s audit report. Shafi expressed confidence in the increasing number of commercial flights to Pakistan, highlighting that the country’s air safety standards are currently the best in the…
Islamabad, Oct 8: Farmdar Secures Pre-Series A Investment from Silicon Valley to Drive AgriTech Innovation in Pakistan Farmdar, a Pakistani agritech startup that leverages AI and satellite technologies to optimize agricultural productivity, has raised a Farmdar Secures Pre-Series A investment round led by Silicon Valley’s Moment Ventures, with participation from Indus Valley Capital. This marks the first Silicon Valley-led investment in a Pakistani startup this year. Muhammed Bukhari, Farmdar’s co-founder, emphasized that the investment will help the company address the increasing climate challenges faced by agriculture in Pakistan while accelerating expansion into Southeast Asia’s crucial agricultural markets. Since its launch…
Islamabad, Oct 8: Direct Flights Between Pakistan and Indonesia to Start Soon as MoU Signed The International Creatives Exchange (ICE) and the Association of the Indonesian Tours and Travel Agencies (ASITA) have signed a memorandum of understanding (MoU) to establish direct flights between Pakistan and Indonesia, aiming to boost tourism between the two nations. The signing ceremony took place at Al Barkat Palace, South Jakarta. Atta Ul Karim, Chairman of ICE, expressed his gratitude for the collaboration, noting his connection to both countries, having been born in Pakistan and raised in Indonesia. He emphasized his desire to enhance tourism ties…
Islamabad, Oct 8: LDA Seals Properties for Illegal Commercial Use in Lahore According to an LDA spokesperson, this ongoing operation is targeting businesses that either operate illegally or have failed to pay commercial fees. The town planning wing led this latest action, focusing on Johar Town, Khayaban-e-Firdousi, and nearby areas. Among the sealed properties were well-known restaurants, showrooms, food outlets, bakeries, and cafes. This operation was supervised by Chief Town Planner-II Azhar Ali and directed by Ali Nusrat, Director of Town Planning Zone IV. Previously, the LDA had sealed dozens of illegal commercial properties in areas like Multan Road and…
Islamabad, Oct 7: Fashion Week 2024 brought together the world’s leading designers, celebrities, and fashion enthusiasts to showcase bold and innovative trends set to dominate the industry. Held in Paris, New York, Milan, and London, this year’s event focused on sustainability, vibrant colors, and inclusivity. Sustainability took center stage, with brands like Stella McCartney and Vivienne Westwood creating eco-friendly collections from recycled materials, emphasizing the industry’s shift toward responsible practices. Vibrant hues, especially neon tones, were a highlight, contrasting minimalist designs. Oversized silhouettes, particularly in coats and puffers, made a bold statement on the runways. A celebration of diversity and…
Islamabad, Sep 7: On Monday, the Pakistani rupee depreciated by 13 paisa against the US dollar in interbank trading, closing at Rs277.64, compared to the previous day’s closing of Rs277.51. Key Currency Exchange Rates: Open Market (as per the Forex Association of Pakistan): Dollar: Buying at Rs278.25, selling at Rs279.75. Other Currencies: Euro: Decreased by Rs1.47, closing at Rs304.47 (previously Rs305.94). Japanese Yen: Dropped by 02 paisa, closing at Rs1.87. British Pound: Fell by Rs1.50, ending at Rs363.89 (compared to Rs365.39). Emirates Dirham: Increased by 03 paisa, closing at Rs75.58. Saudi Riyal: Rose by 04 paisa, closing at Rs73.91. This…
Islamabad, Oct 7: The Capital Development Authority (CDA) has sealed Khyber Pakhtunkhwa (KP) House in Islamabad due to violations of building regulations, illegal constructions, and the expiration of its lease. The action, supervised by Special Magistrate Sardar Asif and Assistant Commissioner Abdullah, followed multiple warnings to vacate the premises. Violation of Regulations: The CDA identified illegal constructions and violations of building rules within KP House. Expired Lease: The lease for KP House expired in June 2006, and despite multiple notices in February and June this year, the KP government failed to secure the necessary No-Objection Certificate (NOC). Vacate Orders: Families…
Islamabad, Oct 7: The Federal Board of Revenue (FBR) is set to include approximately 2.8 million potential households in the tax net, aiming to contribute around Rs1.6 trillion to the national economy. According to Bakhtiar Muhammad, FBR spokesperson, while there are around 3.5 million top households liable for taxes, a significant 2.8 million are currently not paying. Initiatives to Enhance Tax Compliance The incumbent government has initiated a comprehensive plan to increase the tax-to-GDP ratio, resulting in a notable rise in both the number of tax filers and tax collection for the fiscal year 2024-25. Increase in Tax Filers: The…
Islamabad, Oct 7: For the first time in history, Pakistan Stock Exchange crossed the level of 84,000 points benchmark and reached 84, 4500 with an increase of 513 points. The boom in the Pakistan Stock Exchange has reached the highest level in history. The KSE-100 Index rose 300 points to a record high of 83,800 points earlier.
