The Pakistan Super League (PSL) franchises have expressed their opposition to the Pakistan Cricket Board (PCB)’s proposal to schedule the tenth edition of the league during the same period as the 2025 Indian Premier League (IPL) season. The PCB is considering adjusting the PSL schedule, traditionally held from mid-February to mid-March, due to the ICC Champions Trophy set to take place in Pakistan in February-March 2025. During a crucial PSL Cricket Committee meeting on Tuesday, franchise representatives voiced strong concerns about the proposed scheduling change and the suggestion of increased pay for marquee players. They argued that higher payments to…
Author: WebDesk
The price of gold in Pakistan has increased for the second consecutive day, reaching Rs. 245,600 per tola on Thursday. Data from the Karachi Sarafa Association indicates that the price of 24-carat gold rose by Rs. 1,600 per tola to Rs. 245,600, while the price of 10 grams increased by Rs. 1,371 to Rs. 210,562. Earlier in the week, the local market saw gold prices drop by Rs. 1,200 each on Monday and Tuesday. However, on Wednesday, gold prices rebounded, gaining Rs. 2,900 per tola, offsetting the losses from the previous two days. In the international market, spot gold remained…
Prime Minister Shehbaz Sharif has directed the National Electric Power Regulatory Authority (NEPRA) and the Power Division to revise net metering rules to rationalize buyback rates. During a recent meeting with the Prime Minister, the Power Division raised concerns about the financial impact of widespread net metering by consumers, leaving the ministry with no option but to reduce the buyback rates to Rs. 11-12 per unit, as reported by Business Recorder. The International Monetary Fund (IMF) is also pressing for full-cost recovery of electricity from consumers. The meeting concluded that the Power Division would refine and present a summary to…
The UAE has unveiled a new long-term residency visa, the ‘Blue Residency,’ aimed at individuals who have made exceptional contributions to environmental protection. This 10-year visa is designed to recognize and support those involved in sustainability initiatives both within the UAE and globally. Who Can Apply? The Blue Residency visa is available to a diverse group of environmental advocates, including: Application Process Eligible individuals are invited to submit their applications through the Federal Authority for Identity, Citizenship, Customs, and Port Security. Additionally, relevant authorities have the capability to nominate candidates for this long-term residency. Official Statements and Context Sheikh Mohammed…
ISLAMABAD: Pakistan’s total debt and liabilities have surged to nearly Rs81 trillion, marking a significant increase as the country struggles to find new financing sources to meet its growing debt servicing needs due to junk credit ratings. According to the State Bank of Pakistan (SBP), the country’s total debt and liabilities increased by Rs8.4 trillion by the end of March compared to the previous year. This new record includes Rs4.4 trillion in liabilities, pushing the debt and liabilities burden to about three-fourths of the nation’s economy and approximately 15% higher than the statutory limit set by the Fiscal Responsibility and…
In a landmark collaboration, SOS Technical Training Institute (SOS TTI) and Shell Pakistan have launched an eco-friendly car named “Thunderer” at a notable ceremony at the Infaq Foundation campus in Korangi, Karachi. This innovative project represents a significant shift from traditional educational assignments to hands-on technical involvement with vocational institutes. Proposed by Shell Pakistan and formalized with an MoU in March 2023, the initiative highlights a substantial investment of Rs.1.3 million aimed at developing practical engineering skills among youth. The “Thunderer” is a sleek, aluminum-chassis single-seater, measuring 9.6 feet in length and 4 feet in width. It features a 100…
In a notable advancement, Zaitoon Group has successfully obtained the NOC for the Sui Gas and Electric Grid Station for its cutting-edge project, New Lahore City. Situated on Main Canal Road, Lahore, and just minutes from the Ring Road SL-3 interchange, this development is set to enhance the quality of life for residents. These critical initiatives will ensure a reliable supply of electricity and gas, significantly improving residents’ comfort and boosting property values. This milestone underscores Zaitoon Group’s dedication to fulfilling its commitments and prioritizing residents’ needs. With over 35 years of experience and a track record of successful projects…
The Meteorological Office announced on Thursday that high-pressure systems in the upper atmosphere are expected to cause heatwave conditions across much of Pakistan, particularly in Punjab and Sindh, starting from May 21. These conditions are projected to intensify into severe heatwaves from May 23 to 27. Daytime temperatures in Sindh and Punjab are forecasted to be 4 to 6°C above normal between May 21 and 23, rising to 6 to 8°C above normal from May 23 to 27. Similarly, Islamabad, Khyber-Pakhtunkhwa, Kashmir, Gilgit-Baltistan, and Balochistan can expect daytime temperatures to be 4 to 6°C above normal from May 21 to…
KARACHI: Pakistan and China agreed to play a positive and constructive role in helping Afghanistan achieve stable development and integration into the international community, said a joint statement released by the Ministry of Foreign Affairs. The statement comes following the conclusion of Foreign Minister and Deputy Prime Minister Ishaq Dar’s visit to Beijing. The two leaders co-chaired the Fifth Round of China-Pakistan Foreign Ministers’ Strategic Dialogue in Beijing, where both sides assured help and also sought the international community’s support for Afghanistan in helping it address challenges in areas of humanitarian situation and economic development, building an inclusive political framework,…
Neom, a futuristic megacity being developed in Saudi Arabia, recently unveiled cutting-edge technology designed to streamline airport procedures without requiring manual interaction. This advanced system integrates biometric scanners and high-resolution cameras to capture travelers’ biometrics, offering a seamless and contactless experience for international visitors passing through Neom Bay Airport. Lieutenant General Sulaiman bin Abdulaziz Al Yahya, Director General of Passports, paid a visit to Neom, where he and his delegation toured key facilities including Neom Bay Airport and the project’s command-and-control center. During the visit, Al Yahya was briefed on the latest technologies and initiatives, with a special focus on…
