The travel sector is expected to undergo a major transition after mid-January 2024, especially in the UAE, due to the expectation of considerable airfare reductions. The CEO of MPQ Travel and Tourism, Malou Prado, emphasizes that the longest-haul routes from the United Arab Emirates will likely see the biggest fare reductions, potentially reaching 50–60%. This […]
During his visit to the Pakistan Telecommunication Authority (PTA) headquarters, Dr. Umar Saif, the Caretaker Federal Minister for Information Technology and Telecommunication, highlighted the government’s commitment to improving the telecom sector in Pakistan. In an effort to give passengers more connectivity, he said that national roaming would henceforth be available on national highways and motorways. […]
NASA’s humanoid robot Valkyrie is a massive machine, standing 6 feet 2 inches (188 centimeters) tall and weighing 300 pounds (136 kg). NASA claims that Valkyrie, which is being tested at the Johnson Space Center near Houston, Texas, is named after a female character from Norse mythology and is intended to function in “degraded or […]
On Wednesday, the Pakistani rupee strengthened by 0.06% in the interbank market, marking its eleventh straight week of gains versus the US dollar. The currency’s continuous rising trajectory can be attributed to favorable market conditions and economic fundamentals, as evidenced by this steady appreciation. The Pakistani rupee ended the day at 282.20 versus the US […]
IT companies operating in Pakistan will now be permitted to keep half of their export earnings in US dollars in a local account, according to a government announcement. The Special Investment Facilitation Council (SIFC) and the State Bank worked together to facilitate this move, which attempts to alleviate the difficulties experienced by IT companies who […]
With rising per-acre paddy production and a consistent rise in exportable surplus, the rice industry hopes to boost its exports to $10 billion over the next five years. According to data, rice exports in 2023 are expected to be approximately 4.5 million tons, bringing in $2.5 billion in revenue. According to rice industry specialist Hamid […]
Valuation Ruling No. 1834/2023 is the new regulation that the directorate has published to replace the old one that was released nine months ago. This decision, which is based on Section 25-A of the Customs Act, 1969, particularly relates to the evaluation of the worth of cell phones. The official paper states that in order […]
The National Vocational and Technical Training Commission (NAVTTC) and Daraz, the top e-commerce platform in Pakistan, have formally entered a strategic relationship through a Memorandum of Understanding (MoU), signed on December 11 in Karachi. Mr. Hafeez Abbasi, Director General of SS&C, NAVTTC, and Mr. Ehsan Saya, Managing Director of Daraz, signed the Memorandum of Understanding. […]
$155.5 million in financing has been approved by the Asian Development Bank (ADB) for Pakistan in order to assist policy reforms that aim to increase women’s access to credit and loans for micro, small, and medium-sized businesses run by women. This comes just a few days after the Asian Development Bank (ADB) authorized $658.8 million […]
On Tuesday, Bill Gates, co-chair of the Bill & Melinda Gates Foundation (BMGF), spoke by phone with Anwaarul Haq Kakar, the acting prime minister, to discuss the current status of the effort to eradicate polio in Pakistan. During the prime minister’s official visit to the United Arab Emirates (UAE), the conversation took place. Expanding upon […]
