According to sources, the government of Pakistan has expedited the process of privatizing First Women Bank, and the UAE government has shown interest in the privatization of the bank, sources added. Sources said that efforts have been made for a government-to-government privatization plan for First Women Bank since February 2024. The privatization of First Women […]
It also warned on profit and scrapped its dividend, sending its shares to their lowest in more than a decade. A slowdown in the luxury sector has hit the 168-year-old name harder than rivals as customers were largely unimpressed by a style shift that aimed to expand beyond classic trench coats and accessories and command […]
According to a statement, the Pakistan Telecommunication Authority (PTA) invited bids through advertisements published in national and international media and on the PPRA website. PTA will shortlist the firms and accordingly RFP will be issued to the shortlisted consultants, according to a news release. International Mobile Telecommunications Spectrum The EOI for the consultancy on the […]
The Shehbaz Sharif-led government and the IMF reached a three-year, $7 billion aid package deal on Saturday, providing much-needed respite to the nation. This agreement marks a critical step towards stabilizing Pakistan’s economy, which has been under severe strain. Moody’s commented that the new IMF programme would enhance Pakistan’s (Caa3 stable) funding prospects. However, Moody […]
In an interview with an Indian media outlet, he opened up on keeping cordial relations with his Indian costars. Fawad Khan made his Bollywood debut in 2014 with “Khoobsurat” opposite actress Sonam Kapoor. His last Bollywood film was 2016’s romantic drama “Ae Dil Hai Mushkil,” in which he starred alongside Ranbir Kapoor, Aishwarya Rai Bachchan, […]
According to sources, LESCO has issued a notification to lift the ban on green meters for solar systems. According to the notification, the temporary installation of bi-directional green meters is permitted until October 15. The notification said consumers will be given a No Objection Certificate (NOC) for bi-directional green meters for solar systems. It is […]
The PPRA managing director said the e-procurement system was initiated to reduce public expenditures through transparency. Hasnat Ahmed Qureshi said that after its implementation in 27 ministries and 280 public departments, the system would soon be implemented across the country including in Azad Jammu and Kashmir, and Gilgit-Baltistan. He said for the facilitation of procurement […]
The government has proposed to increase subsidies on food items – including flour, rice, and pulses – by 300 percent. The subsidy on flour and rice is likely to be increased from Rs25 to Rs100 per kilogram, while the subsidy on pulses is likely to be increased from Rs70 to Rs100 per kilogram. Similarly, the […]
In a new tell-all with a digital magazine, actor Mohib Mirza opened up on the influence that his both wives, A-list actors Aamina Sheikh and Sanam Saeed, have had on his life and career. “Aamina and Sanam are both wonderful human beings and women from respectable families. Their upbringing is commendable, particularly because of their […]
The government has increased the withholding tax to 2.5 percent for non-filers under Section 236H of the Finance Act 2024 which has made the cement business unsustainable given the current market conditions besides the new turnover taxes imposed on dealers and retailers. All Pakistan Cement Dealers Chairman Sajid Chaudhry highlighted concerns that taxes and PoS […]
