Sources revealed that the decision had been taken after several complaints of ‘corruption’ in CAA. The investigation will also cover direct recruitments within the CAA, focusing on the Flight Standards and SQMS departments where merit was reportedly overlooked during the hiring process. Sources further disclosed that the recruitment of Aero-Medical Directors, Additional Directors, and various […]
According to the Sui Southern Gas Company (SSGC) spokesperson, the system is experiencing a gas shortage of 38mmcfd due to the gas leakage. The statement said that a Pakistan Petroleum Limited (PPL) team has begun pipeline repair, which is expected to be completed within 20 hours. “Due to this, some areas in Sindh and Balochistan […]
The market demonstrated resilience throughout the day, hitting an intraday high of 78,823.13 points, while the lowest level touched was 78,051.08 points. The trading volume remained robust, with 420.4 million shares changing hands, amounting to a total value of PKR 20.72 billion. Market breadth also leaned towards the bulls, as 225 stocks advanced, 156 declined, […]
According to the PBS, the overall annual inflation rate has reached 17.96% where the prices of 23 essential items increased, while 7 items decreased in price, and 21 items remained stable. The items that saw a significant price hike include onions (Rs 35.62 per kg), eggs (Rs 11.17 per dozen), garlic (Rs 16 per kg), […]
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.30 and Rs 280.40 respectively. The price of the Euro decreased by 64 paise to close at Rs 304.21 against the last day’s closing of Rs 304.85, according to the State […]
Addressing the inaugural ceremony of the 2nd International Food and Agriculture Exhibition in Karachi today, Shehbaz Sharif said agriculture exports of Pakistan have reached over three billion dollars and it is time we fix our next target to seven billion dollars of agriculture exports. He said the government is also taking initiatives to provide facilities […]
According to the Auditor General of Pakistan’s audit report for 2023-24, eight power companies have incurred losses exceeding the stipulated limit, resulting in a massive loss of national kitty. The report highlights that the power companies’ losses exceeded the limit set by NEPRA, ranging from 8.84% to 20.16%. PESCO topped the list, causing a loss […]
According to details, PIA has issued a report regarding aircraft hit by birds in 2024 so far. According to the report, 38 bird-hit incidents were reported from January to June. The incidents were reported in Islamabad, Multan, Faisalabad, Gilgit, Sukkur, Jeddah and Dubai. The report added five out of the 38 PIA planes were damaged […]
In March, FTX founder Sam Bankman-Fried was sentenced to 25 years in prison for stealing $8 billion from customers. “The order requires FTX to pay $8.7 billion in restitution and $4 billion in disgorgement, which will be used to further compensate victims for losses suffered as a result of the massive fraudulent scheme orchestrated by […]
Sales of so-called new energy vehicles (NEVs) jumped 37% last month from the same period a year earlier, accounting for a record 50.7% of car sales, data from the China Passenger Car Association (CPCA) showed. NEV sales accounted for just 7% of total vehicle sales in China three years ago, but its heavy investments in […]
