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The Pakistan Stock Exchange has ordered mandatory share buybacks for three listed companies after their…
Salaried class to protest against new tax rates
A nationwide campaign has been initiated by the salaried class to protest against the heavy taxation imposed on salaried individuals through the Finance Act of 2023. The campaign, organized under the name “Save the Salaried Class,” aims to address the concerns raised by the salaried individuals regarding the recent implementation of additional direct taxation measures. […]
SBP announces launch of digital currency
The State Bank of Pakistan (SBP) is preparing for the upcoming pilot launch of a digital currency in the coming months. Deputy Governor of SBP, Sima Kamil, revealed that after completing the necessary groundwork, the pilot launch of Pakistan’s first digital currency will take place within the next two months. The Arab News reported Kamil’s […]
Switzerland commits helping Pakistan during natural disasters with advanced technology
Prime Minister Muhammad Shehbaz Sharif hailed the recent signing of a Memorandum of Understanding (MoU) between Pakistan and Switzerland, emphasizing its significance in fostering cooperation between the two nations to effectively address natural disasters. Switzerland to use advanced technology against natural disasters During the MoU signing ceremony, the prime minister expressed the country’s anticipation of […]
Earth witnessed its highest recorded average temperature
On Thursday, July 6, an extraordinary milestone was reached in the history of global climate as the Earth witnessed its highest recorded average temperature, soaring to 17.2 degrees Celsius. This remarkable occurrence followed a series of record-breaking heatwaves earlier in the week, which persisted from Monday through Wednesday. Scientists attribute this prolonged period of scorching […]
IMF Team Meets Imran Khan to Seek Assurance Over Loan Program
A team from the International Monetary Fund (IMF) is scheduled to meet with Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan today to seek the party’s support regarding the standby agreement. Hammad Azhar, from PTI’s economic team, confirmed this development, stating that the IMF has approached the party to garner their backing for the $3 billion agreement […]
Foreign Exchange Reserves Increase by $393M, Reaches $4.4B
The foreign exchange reserves of Pakistan witnessed an increase of 9.6% on Thursday on a week-on-week basis. The State Bank of Pakistan (SBP) reported that the foreign currency reserves rose to $4.4 billion, after an increase of $393 million. On June 23, 2023, the foreign exchange reserves were recorded at $4.06 billion. Experts claim that […]
Ramiz Raja all set to return to the commentary panel
Renowned former cricketer Ramiz Raja is set to make a highly anticipated comeback as a commentator. With his wealth of knowledge and infectious passion for the game, Raja will once again grace the commentary box, captivating viewers with his insightful analysis. His return is announced through a tweet, sharing his excitement about being part of […]
Multan Sultans owner Alamgir Tareen commits suicide
Tragic news unfolded as Alamgir Tareen, the brother of Jahangir Khan Tareen, Patron-in-Chief of the Istehkam-e-Pakistan Party (IPP) and owner of the Pakistan Super League (PSL) team Multan Sultans, took his own life on Thursday. Multan Sultans owner Alamgir Tareen shots himself in head According to police sources, Alamgir Tareen allegedly shot himself in the […]
Meta and SBP Join Hands to Digitally Empower 500 Pakistani Women Entrepreneurs
The State Bank of Pakistan (SBP) and Meta (Facebook, WhatsApp and Instagram’s parent company) have partnered to train 500 Pakistani women entreprenurs. A press release issued on Wednesday said that this partnership will “digitally empower 500 women entrepreneurs and other high value small businesses.” The initiative was announced in Karachi at the launchings ceremony of […]
Women steal million-worth gold with help of child
In a shocking incident at Sohawa Bazaar in Jhelum district, a group of cunning women orchestrated a daring robbery, leaving a goldsmith astounded and losing millions worth of gold. What sets this theft apart is the involvement of a child, as captured in the CCTV footage. According to the official police statement, the three women […]
Boy attempted sexual assault on a covered girl in Gulistan e Jauhar’s street
In the bustling neighbourhood of Gulistan e Jauhar, a horrific incident unfolded in broad daylight. A young girl, draped in a vibrant red abaya with a black scarf, was making her way down the street when an unknown man began to follow her. Reports indicated that the man’s bike lacked a number plate, further adding […]
Pakistan’s volleyball team awaits NOC at airport
Pakistan’s participation in the upcoming Asian Volleyball Challenge Cup 2023 has come to an unfortunate halt as the Foreign Ministry has denied the issuance of a No Objection Certificate (NOC), leading to their withdrawal from the tournament. The Asian Volleyball Confederation (AVC) and the Chinese Taipei Volleyball Association (CTVBA) are jointly organizing the event, which […]
Youngsters Use Thumbs Instead of Fingers While Scrolling to Avoid Looking Like their Grandparents, Reveals Study
A recent study has revealed that 67% of millennials and 80% of Gen Z (born between 1997-2012) use their thumbs while scrolling on smartphones. On the other hand, almost 73% of baby boomers (aged 59-77) use index fingers on smartphones. The study further claims that these youngsters intentionally avoid using their fingers on smartphones as […]
This Deceptive Optical Illusion Can Tell If You Are Too Independent or Have a Great Sixth Sense
Image: Daily Mail A TikTok user, Mia Yilin, shared this optical illusion image in which a man and a penguin can be seen. What you notice at first glance, whether the man or penguin, can tell a lot about your personality, she claims. Mia Yilin is a popular content creator and this image of hers […]
Finance Minister Predicts Real Value of US Dollar at Rs. 250 as Pakistani Rupee Strengthens
Finance Minister Ishaq Dar made a statement on Tuesday, asserting that the real value of the US Dollar stands at approximately Rs. 250. Speaking to Samaa News, he emphasized that the US Dollar will eventually stabilize near the real effective exchange rate, citing Bloomberg’s estimation from May, which placed the rate at around Rs. 244. […]
Pakistan Launches Groundbreaking ‘Gender Bond’ for Women Empowerment
InfraZamin Pakistan, Kashf Foundation, and Arif Habib Limited have joined forces to introduce Pakistan’s first “Gender Bond,” a fully guaranteed and AAA-rated bond worth Rs. 2.5 billion. The Gender Bond, aligned with the Securities and Exchange Commission of Pakistan’s guidelines on Gender Bond issuance, aims to enhance Kashf Foundation’s lending portfolio exclusively for women. The […]
AITO Introduces Huawei-Backed M5 SUV with Enhanced Features
On July 2, AITO, an electric vehicle manufacturer backed by Huawei, unveiled the Standard Edition M5 SUV in China. The rear-wheel drive variant is priced at Rs. 9.8 million, while the four-wheel drive model costs Rs. 10.6 million. The M5 showcases enhancements in power, interior features, and aesthetics. The Standard Edition comes equipped with a […]
PKR continues to strengthen against AED
According to Khaleej Times, the Pakistani Rupee (PKR) has witnessed a significant surge of five percent against the AED following the country’s successful loan agreement with the International Monetary Fund (IMF). This positive development is expected to bolster the value of PKR in the days to come. However, industry experts caution that PKR may still […]
After Twitter Restrictions Meta Plans to launch Threads – A Twitter-like App
Image: The Conversation Meta Platforms have decided to launch a Twitter-like microblogging platform after Twitter CEO Elon Musk announced to restrict the number of posts a user can read on his app. Threads is expected to be launched on Thursday and will allow users to follow the same accounts they follow on Instagram. Threads is […]
TikToker arrested for insulting sacrificial animals on Eid ul Azhar
In a swift response to public outrage, the Narowal police have apprehended a TikToker who had sparked controversy by disrespecting the religious festival of Eidul Adha. The individual had uploaded a video featuring a dog instead of a sacrificial animal, causing widespread anger among the community. The incident quickly gained attention after going viral on […]