Breathless local news reports have amplified the anxious sky-gazing and wild speculation — interspersing blurry, dark clips from social media with irate locals calling for action. For weeks now, the distinctive blinking lights and whirling rotors of large unmanned aerial vehicles have been spotted across the state west of New York. However military brass, elected […]
The rupee was at 84.4425 against the U.S. dollar, down 0.1% from its close of 84.3275 in the previous session. The weakness in most Asian currencies also weighed on the rupee, with the Indonesian rupiah down 0.4% and leading losses. Public sector banks were spotted bidding for dollars, with the demand most likely related to […]
West Texas Intermediate crude futures rose $1, or 1.48%, to $68.67 a barrel by 0146 GMT. Brent crude futures were up 99 cents, or 1.39%, at $72.05 a barrel. Analysts said the bounce was partly a reaction to a potential hurricane in the U.S. Gulf Coast. A weather system in the southwestern Gulf of Mexico […]
As per details, the decision was taken by the federal cabinet in a meeting held here in Islamabad, the sources said and added that the five-year privatization program will be completed in three phases. In the first phase, privatization of Pakistan International Airlines (PIA), House Building Finance Corporation (HBFC), Faisalabad Electric Supply Company, Islamabad Electric […]
FBR spox said the telecom companies had blocked 230,000 Subscriber Identity Modules (SIMs) of non-filers on the body’s recommendation. He said 76,636 SIMs out of 230,000 were unblocked after submission of tax returns. He said the FBR provides data of 5,000 individuals daily to the Pakistan Telecommunication Authority (PTA) for SIM blockage. Replying to a […]
“These two steps would stimulate the industry with positive vibes,” he said. He was talking to the minister during his visit to the regional office of the Federation of Pakistan Chambers and Commerce and Industry (FPCCI). Saquib Fayyaz Magoon, Acting President of FPCCI, Dr Gohar Ejaz, former Caretaker Federal Minister for Commerce, Industries, Investment & […]
The Technology Park in Islamabad is expected to serve as a state-of-the-art facility that fosters collaboration, innovation, and product development. It will act as an interface to bring cohesion among academia, research, industry, and planners within Pakistan and abroad. The park will play a significant role in knowledge and resource management, focusing mainly on commercializing […]
According to the SSGC spokesperson, the PSM in a letter to them informed about the decision of ECC regarding the suspension of gas bill payment The spokesperson further said the SSGC also sought details about the PSM’s capacity to pay the bills in a letter but got no reply. A letter was also penned to […]
The National Assembly (NA) yesterday approved the Federal Budget for the fiscal year 2024-25 with a total outlay of Rs18,870 billion. According to sources, the IMF wants Pakistan to hike the electricity and gas rates from July 1 and immediately implement the NEPRA decision regarding the increase in gas and power tariffs. IMF also demanded […]
Chairing a meeting on ease of business, the prime minister directed the relevant authorities to establish a one-window operation to simplify documentary procedures for companies and traders. He also directed to seek assistance from Chinese experts to establish an experimental facility service center modeled after the Shenzhen One-Stop Shop. Regarding ease of doing business and […]
