The World Bank has approved $1 billion in additional financing for Pakistan’s Dasu Hydropower Stage I (DHP I) Project. This funding aims to expand hydropower electricity supply and improve socio-economic services for local communities. The project is seen as a game changer for Pakistan’s energy sector. A Move Towards Clean Energy The World Bank’s Board […]
Pakistan’s budget deficit is a major concern, with government expenditure soaring. The expenditure to GDP ratio is over 22%, compared to around 15% in Bangladesh. Last year, the budget deficit exceeded Rs13 trillion. This year, it is projected to be around Rs 11 trillion, despite the government’s initial estimate of Rs 6.5 trillion to Rs […]
The benchmark KSE-100 Index opened with a bullish trend. At 09:27 am, the index gained 200 points before plunging to the lowest level of 72,993.48 points during the intraday trade. During the intraday session, the 100-index experienced a negative trend with a high recorded at 73,909.14 points while the lowest was recorded at 72,982.59 points […]
The high court in a written decision concluded that abducted poet Ahmed Farhad has been subjected to forced disappearance and institutions failed to recover him. The court directed that Ahmed Farhad after his return to home should record his statement before the Lohi Bher magistrate. The court in its written decision also ordered the Registrar […]
Sources said that the step has been taken over irregularities in recruitment and promotions in the lower house of the parliament. Sources said that Special Secretary Chaudhary Mubarak has been terminated from his service. The Speaker has also suspended Additional Secretary Yaseen Saleemi after an inquiry sources said. Moreover, 17 officers who were illegally regularized […]
The man arrested by the Punjab and Karachi police two days ago disclosed how he was recruited and remained a security guard in the metropolis for 14 months without proper documents. Accused Waseem had murdered a man Nasir in Lahore’s Baghbanpura in the year 2023 and escaped with the wife of the victim first to […]
The chief minister issued the directives while taking notice of the death of a scavenger boy, who a private security guard in North Karachi gunned down. Sindh CM has ordered the authorities to arrest the culprit immediately and submit a report to him. He also expressed his sorrow and showed sympathy to the family members […]
The FBR confirmed that 150,000 SIM cards of non-filers have been blocked, with FBR providing data for 5,000 non-filers daily to the Pakistan Telecommunication Authority (PTA). The spokesperson stated that the non-filers can have their SIM cards restored after submitting their income tax returns. To date, 18,902 SIM cards have been reactivated after the individuals […]
An agreement for the reconstruction and upgrade of the main runway at Jinnah International Airport has been signed at a ceremony held at the Civil Aviation Headquarters. The reconstruction project, set to commence after Eid, aims to extend the runway length by 1,000 feet, bringing it to a total of 11,500 feet. Karachi Airport’s main […]
Butchers in Karachi have announced the rates for animal sacrifices for Eid-ul-Adha 2024. According to the Meat Merchants Association, the cost of sacrificing a cow on the first day of Eid will be 20,000 rupees, while the rate for a goat is set at 10,000 rupees. The association also stated that the price for sacrificing […]
