ISLAMABAD (Web Desk) – Citing growing commodity prices in the global market, Finance Minister Ishaq Dar announced a Rs19.95 per litre hike in fuel prices on Tuesday, triggering more inflation in the country at all levels. Dar stated in a statement broadcast live by TV networks that the increase inRead More →
Additionally, the former minister disputes the ex-FBR chairman’s assertion that he supported Zaidi’s plan out of self-interest. Hammad Azhar, the leader of the former ruling party, mocked former Federal Bureau of Revenue (FBR) chairman Shabbar Zaidi on Saturday by saying that the latter has “either lost his memory or isRead More →
KUALA LUMPUR (Reuters) – Following “positive” interaction with the company on addressing harmful information on the social media platform, Malaysia may decide against moving through with a plan to sue Facebook parent Meta Platforms (META.O), according to communications minister Fahmi Fadzil in an interview on Friday. As a result ofRead More →
Indian hackers temporarily hacked the popular ride-hailing service Bykea. Bykea users all around the nation began getting alerts from hackers denouncing Pakistan.The smartphone app displayed the same notice, but it was still fully functional. It is reasonable to claim that the hack caused no damage and was just an exploitRead More →
Winterland, the city’s first indoor snow park, has opened its doors, offering a unique and exciting experience to the metropolis. The much-anticipated opening event was a huge success, with notable figures from the entertainment and media industries in attendance. Their participation provided a sense of grandeur and excitement to theRead More →
Two students from Shah Abdul Latif University in Khairpur have created a drone ambulance model to help flood victims. Sumaya Bhutto and Tohftul-Nisa Mirani, the inventors, are in their last year of study in the Physics department and presented their prototype at the annual Science Expo. The initiative was inspiredRead More →
Pakistan will soon get ultra-fast gigabit fibre internet in eleven cities. This paper shows the budget for the Public Sector Development Project (PDSP) for the fiscal year 2022-2024. It contains an overview of current existing projects, upcoming initiatives, and other information from the Ministry of Planning, Development, and Special Initiatives.ItRead More →
Zargham Khan Durrani has been appointed President and CEO of MCB Islamic Bank, effective February 21, 2023. He took over after Muhammad Afaq Ahmed, who had only been in the position for a year.Zargham Khan Durrani has over 27 years of financial experience. He worked at MCB Bank as theRead More →
Pakistan has received a Memorandum of Economic and Fiscal Policies (MEFP) and a Letter of Intent from the International Monetary Fund, according to Finance Minister Ishaq Dar (IMF). Additionally, he promised 170 billion rupees in extra taxes to finish the lender’s programme and collect nearly $1.1 billion in the rescue.DarRead More →
Governor of the State Bank of Pakistan (SBP), Jameel Ahmad, encouraged banks on Thursday to execute the Kissan Package in word and spirit, and promised them of full support wherever needed. He stated that although the government, companies, and society recognise such risks, we must take early action and dedicateRead More →
After gaining by 80 paisa in the Interbank on Monday, the US Dollar closed at an all-time high versus the Pakistani Rupee (PKR). Weakening macroeconomic have kept dollar demand high, with the greenback ending the first working day of the week at Rs200.94. Depleting foreign exchange reserves and uncertainties overRead More →
Despite a tepid beginning from Wall Street, Asian equities climbed Tuesday as dismal Chinese economy data revealed the deep cutbacks of Beijing’s zero-Covid policy, adding to inflation concerns. To combat an Omicron-fueled tsunami, China has maintained its stringent zero-Covid policy, ordering lockdowns in numerous cities and closing factories and ports.Read More →
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