Islamabad: The Capital Development Authority (CDA) Chairman, Muhammad Ali Randhawa, has initiated a comprehensive plan to upgrade all commercial centers in Islamabad, including Jinnah Super, as reported on May 30. During his visit to Jinnah Super Market, Randhawa inspected the facilities and emphasized the need for the immediate operationalization of underground parking plazas. He directed improvements in lighting, security, and the overall condition of the parking areas. Additionally, he ordered the removal of encroachments and announced plans to visit all markets and centers in Islamabad soon.
Author: WebDesk
Federal Minister for Finance and Revenue Muhammad Aurangzeb met with representatives from the Pakistan Association of Large Steel Producers (PALSP), Pakistan Steel Melters Association (PSMA), Pakistan Steel Re-Rolling Mills Association (PSRMA), and Pakistan Steel Pipelines Association (PSPA) at the Finance Division today. The delegation provided an overview of the steel industry’s performance and discussed potential strategies for its growth. Highlighting the importance of creating a favorable environment for industry expansion, they proposed adjustments to tax and custom duties. They also advocated for support of the organized sector and emphasized the need to incorporate all producers and sellers into the tax…
Foreign exchange reserves held by the State Bank of Pakistan (SBP) fell by $63 million on a weekly basis, amounting to $9.09 billion as of May 24, according to data released on Thursday. The country’s total liquid foreign reserves stood at $14.31 billion, with net foreign reserves held by commercial banks at $5.22 billion. The central bank attributed the decrease in foreign currency reserves to external debt repayments. “During the week ended on May 24, 2024, SBP reserves decreased by $63 million to $9.0937 billion due to external debt repayments,” stated the SBP. In contrast, Pakistan’s central bank reserves had…
Sweden, known for its outstanding education system and innovative teaching methods, offers international students a unique opportunity to study without needing IELTS in 2024. Many Swedish universities accept alternative proofs of English proficiency, such as previous education in English or standardized tests like TOEFL. This flexibility makes Sweden an attractive destination for students from diverse backgrounds. Top Universities Open Doors Prominent Swedish universities like Lund University, Uppsala University, and the University of Gothenburg are among those that do not require IELTS in 2024. These institutions accept other forms of English proficiency evidence, ensuring that language barriers do not hinder educational…
ISLAMABAD: Prime Minister Shehbaz Sharif has received an invitation to attend a Global Peace Summit concerning the Russia-Ukraine conflict, scheduled to take place in Switzerland from June 15. Ukrainian Ambassador to Pakistan, Markiian Chuchuk, confirmed that Switzerland, in collaboration with Ukraine, has extended the invitation to Prime Minister Sharif for his participation in the upcoming peace summit. The Foreign Office has verified that the prime minister has received the invitation from the Swiss government. The summit is expected to build upon discussions held over the past months during national security advisers’ meetings, following Ukraine’s Peace Formula proposed by President Volodymyr…
In Tokyo, Japanese researchers have successfully crafted the world’s initial wooden satellite, set to be launched aboard a SpaceX rocket in September. Developed by scientists at Kyoto University in collaboration with Sumitomo Forestry, the experimental satellite boasts dimensions of just 10 centimeters (four inches) on each side. The innovative use of wood in satellite construction aims to mitigate environmental concerns associated with retired satellites re-entering Earth’s atmosphere. Unlike metal satellites, the wooden material is expected to burn up entirely upon re-entry, potentially averting the creation of harmful metal particles. At a press conference announcing the satellite’s completion, Takao Doi, an…
In Peshawar, the Sarhad Rural Support Programme (SRSP) unveiled the Climate Adaptation and Risk Financing Fund with financial backing from the German Development Organization, GIZ, during a ceremony on Wednesday. Helene Post, Deputy Head of Development Cooperation at the German Embassy in Pakistan, praised the fund’s launch, emphasizing its innovative approach to addressing the climate change challenges faced by grassroots communities. She reaffirmed the German government’s commitment to supporting Pakistan in its efforts to mitigate the impacts of climate change. SRSP’s Chief Executive, Masoodul Mulk, expressed gratitude for the German government’s funding and longstanding collaboration, highlighting the fund’s integration into…
In a significant development, Apple’s 10th-generation iPad has experienced a notable price reduction, now available for the first time at $300. This markdown marks a notable shift, making the popular tablet more accessible to a broader range of consumers. With its robust features and user-friendly interface, the iPad has long been favored for its versatility, serving as a powerful tool for both productivity and entertainment. This price drop underscores Apple’s commitment to making its products more affordable without compromising on quality or performance. As the demand for digital devices continues to grow, especially in light of remote work and virtual…
Islamabad: Government is gearing up to implement another surge in electricity prices, with a potential increase of Rs3.48 per unit for the upcoming month. Today, the National Electric Power Regulatory Authority (NEPRA) is set to review the request for the monthly fuel price adjustment. The Central Power Purchasing Agency (CPPA) has proposed this price hike as part of the April Fuel Cost Adjustment (FCA), which, if sanctioned, could impose an additional burden of approximately Rs34 billion on consumers. According to the petition, no electricity was generated from furnace oil and diesel in April. Hydropower accounted for 22.96 percent of electricity…
The Jhelum Zone of the Regional Tax Office in Rawalpindi destroyed a significant quantity of illicit, smuggled, and counterfeit cigarettes valued at Rs 202 million, with evaded duties amounting to Rs 147.15 million, according to a press release. The event, which took place at Chak Barahm, Jhelum, marked the destruction of approximately 2700 packets of illicit cigarettes, including those without proper duty paid and smuggled varieties. Ms. Tehmina Aamer, Chief Commissioner of RTO Rawalpindi, presided over the ceremony as the Chief Guest, joined by Commissioner Walayat Khan of the Jhelum Zone, along with officers and staff members. The attendees were…
