GDA MNA Dr Fehmida Mirza emphasized the need for all lawmakers to come together and think out of a way to get the country out of its ongoing crisis. Former National Assembly Speaker While speaking in the National Assembly to the speaker Raja Pervaiz Ashraf said, “The middle class is disappearing, and most edibles, including…
During the calendar year 2021, banks nonperforming loans (NPLs) increased 3.8% (Rs31 billion) and Pakistan’s energy sector again continued to remain the largest defaulter in the repayments of loans to banks. In its latest Financial Stability Review of 2021 the State Bank of Pakistan (SBP) reported, “Sector-wise analysis indicates that the rise in overall NPLs…
Records from the Office for National Statistics show May’s inflation was highest since March 1982. The reading was up from 9.0% in April and soaring food prices pushed British consumer price to a 40-year high of 9.1% last month which is the highest rate out of the Group of Seven countries and one which threatens…
Saudi Arabia’s crown prince is going to break his international insolation by paying his first visit to Turkey on Wednesday since the murder of Kamal Khashoggi in 2018 in Istanbul consulate. Turkish President Recep Tayyip Edrogon’s talk with Crown Prince Mohammad bin Salman took place exactly one month earlier than US President Joe Biden’s visit…
Who is Elon Musk ? Elon Musk, born and raised in South Africa is an American entrepreneur and businessman who started getting his feet wet as a serial tech entrepreneur with early success like Zip2 Corporation in 1995 and X.com in 1999, which later became the famous PayPal. He is the charismatic chief executive of…
The mobile industry is facing the reduction of raw material inventory and operations at major mobile phone assembly are at the verge of discontinuing as the letters of credit (LCs) for import of completely knocked down (CKD) units are not being opened due to the shortage of dollars Since May 20. The State Bank of…
As crude has soared in recent months due to tight supplies of crude caused by Russian invasion of Ukraine will not be enough to meet the demand from reopening of world economies, particularly China as it opens up after a month-long lockdowns. On Wednesday oil prices plunged more than five percent which has made traders…
A day after finance minister Miftah Ismail’s announcement of the agreement of $2.3 billion loan from Chinese banks consortium, the Pakistani rupee showed a sharp recovery by Rs4.7 on Thursday morning in the interbank market. According to the State Bank of Pakistan, the US Dollar closed at Rs207.23 in the interbank market while the previous…
Y Combinator logistics startup Rider has raised $3.1million from YC Demo Day as it pursues to upgrade the logistics space in Pakistan and create next day delivery service just like Amazon. Apart from YC, investors including i2i Ventures, Flexport, Soma Capital and Rebel Fund also joined in the financing round. Global founders Capital, Fatima Gobi…
PayFast by APPS (“PayFast”) is pleased to turn into the first fintech in Pakistan to cooperate with worldwide installments pioneer Visa through Cybersource. Through this collaboration Cybersource is offering its powerful and dynamic computerized installment arrangement suite to PayFast. It incorporates E-business checkout, computerized vendor stage, Fraud Management, and SoftPOS. This drive clears the way…
Senior leaders from across the world attend the four-day FATF plenary to discuss a range of money laundering and terrorist financing issues. Finally The Financial Action Task Force (FATF) announced removal of Pakistan from grey list because Pakistan has fully met all 34 action items in its 2018 action plan. However, one last step is…
On Monday, Federal Minister for Revenue and Finance Miftah Ismail being hopeful claimed that the stalled International Monetary Fund’s (IMF) Extended Fund Facility (EFF) would be revived within a day or two. After a meeting held by Senate Standing Committee on Finance the finance minister declared that “I am very hopeful that the IMF programmed…
Netizens are not happy with the undergoing construction of Frere Hall, known for being an unbarred space open for all, that is reportedly going to fence the gardens and will no longer be available for common public. Frere Hall means different things to different people. It has been a picnic spot for many, a Sunday…
Two of top-ranking German companies, Audi in collaboration with Siemens launched Pakistan’s first and only ultra-rapid charging DC station at the Libra CNG station, which is now also known as Libra Charging Hub, in Saddar Karachi. Equipped with Siemens’ SICHARGE D series chargers, the super-fast EV charging station will be capable of charging at speeds…
Fans are excited for Pakistani-Muslim superhero in a Marvel series. The miniseries ‘Ms Marvel’ stars several Pakistani hotshots such as, Nimra Bucha, FawadKhan, Mehwish Hayat and Samina Ahmed and fans are eagerly waiting to find out what character their favourite actors are playing in this series. There had been glimpses of Ahmed and Bucha in…
Monetary Policy decision taken on June 15, halfway around the world, is going to send shockwaves which will soon rumble through our economy. The US Federal Reserve, the US bank which is equivalent of our State Bank, in an attempt to cool down inflation, hiked its policy rate by whooping 75 basis points, which exceeded…
Who can forget the groundbreaking comedy show 50/50? Fifty Fifty was a satirical show released in 1978 that starred Zeba Shehnaz, Moin Akhtar, Durdana Butt, Ansari, Sakhi Kamal, Ashraf Khan, Iqbal Ansari, Adil Wadia, Ismail Tara, Asma Abbas, Javed Sheikh, Umer Shareef and Majid Jehnagir. The show was written by Anwar Maqsood and directed by…
Xiaomi Pakistan today announced the Redmi 10A, the latest member of the Redmi 10 series family, dedicated to bringing consumers a well-rounded user experience at an affordable price. Redmi 10A offers a large 6.53″ HD+ display to provide a better experience for watching videos as well as contents you enjoy. The 3D-curved back produces a…
All credit goes to sleeping international community, who with their deafening silence watch the spectacle of Indian Muslim localities being crushed down by bulldozers and impose punishments on professed rioters. While the long-celebrated democracy fumbles under the concrete rumble and the long arm of heavy machinery making its way ruthlessly in the chambers of alleged…
Being good with finances does not mean just meeting your ends, it means managing your resources or income in efficient way. Life is much easier when you have good skills of managing and organizing your finances. The way you organize your finances shows the impact of your credit score and amount of debt you carry…
Eid-ul-Adha is the festival which is widely celebrated by Muslims around the globe. It is the second most important festival. It marks at the end of Pilgrimage to Makkah. This Eid is also known as the Eid of sacrifice because of Hazrat Ibrahim (a.s) devotion for Allah. Advance Eid Preparation For most of us this…
A global policy beyond prejudice to deal with the issues being faced by the oppressed people is the need of the hour, stated international affairs experts during a panel discussion. The panel discussion ‘Freedom of the Oppressed Classes was hosted by Pathfinder Group of Companies in collaboration with Martin Dow Group at Pakistan Pavilion on…
The cricketer’s community often finds its way back to the field like a homecoming pigeon because once you have played it is very hard to let go of this game. Yu can say that veteran cricketers have always had a second inning even far after their more active career on the cricketing circuit. Lately, globally…
The direct result of climate change by rising temperatures in Pakistan and India is water, food and biodiversity insecurity which may become worst in upcoming years, told environmentalists of the region. An exceptionally high heat wave is hitting two nuclear-armed neighboring countries with temperatures reaching 51 degree Celsius in Pakistan and 49 degree Celsius in…
After setting up the assembly unit in Pakistan, just in a time period of six months, HMD global, the home of Nokia phones has achieved the milestone of production of over one million locally assembled mobile phones. Last year HMD global company has partnered with Techno Pak Electronics (private) Limited in setting up the assembly…
Laraib Atta, visual effects artist and daughter of renowned folk singer Attaullah Khan Esakhelvi, I currently based in London is corresponding to The George Lucas Company. She has worked on various internationally celebrated films, commercials and documentaries including the famous movies like No Time to Die, Fast and Furious Nine, Tenet, Chernobyl and Doctor Strange…
MCB’ Chairman Mian Mohammad Mansha “Pakistan’s biggest problem is not corruption; its incompetence” has hit hard like a bomb in the ongoing economic crisis. This statement could be ignored as naivety of a rich man, except it is getting harder to dismiss these comments every passing day. Even in Urdu literature tradesmen and businessmen are…
A delegation based on 10 members by Auqaf authorities visited Gurdwara Pehli Pat Shahi in Daska. Habibur Rehman Gillani, the evacuee trust board chairman said that the condition of gurdwara is quite shabby which will be demolished and its reconstruction will begin soon. During his visit to Fateh Bhandar village, Prime Minister Shehbaz Sharif took…
After the untimely demise of her father, a young woman from Karachi has taken up the hard task of joining a male-dominating profession of driving an auto-rikshaw to support her family in this era of rising inflation and unemployment. Late Abdul Jameel, a rickshaw driver had no son and he had prepared his youngest daughter…
As reported by UNICEF, the infant morality rate in Pakistan is the worst in the world despite major progress during last few decades. Because of lack of resources and economic situation the rising number of healthcare problems in Pakistan is concerning. Pakistan’s 60 million people live in poverty and have no access to healthcare if…