In a move to enhance administrative efficiency, the federal government of Pakistan has decided to dissolve five key ministries, including the Ministry of Information Technology and Telecommunications. This decision is part of a broader effort to streamline government operations and reduce bureaucratic overhead. Government sources have confirmed that a detailed proposal has been prepared to […]
The World Happiness Report is a highly anticipated annual publication that ranks countries based on factors contributing to citizens’ well-being. Here’s a glimpse into the top 10 happiest countries for 2024, according to the report: 1. Finland (7th Year in a Row!) Finland retains its crown for the seventh consecutive year! The Nordic nation boasts […]
In a significant step towards transforming Pakistan into a global IT hub, the Ministry of Federal Education is set to launch the “Emerging Technology Centers” project. This ambitious initiative aims to equip school children with advanced skills in emerging technologies and will be implemented in 350 schools across Islamabad, Azad Jammu Kashmir, and Gilgit-Baltistan regions. […]
In a bid to tackle the persistent smog issue, the Punjab government has launched the Chief Minister Climate Leadership Development Internship Programme, named “Mera Punjab Smog Free.” This initiative is aimed at engaging young graduates in environmental protection and community service. Chief Minister Maryam Nawaz emphasized the collective responsibility to eliminate smog and invited recent […]
A new United Nations report has placed Pakistan on the path to becoming the most populous Muslim country by 2048. With a current population exceeding 245 million, Pakistan is expected to continue growing through 2054, potentially reaching its peak in the latter half of the century. Population Growth Projections of Pakistan The UN’s World Population […]
The Punjab government has announced a substantial increase in salaries and pensions for its employees, marking a significant step towards financial relief for government workers. A notification from the Finance Department on Friday provided details of the increments, which will take effect from July 1, 2024. According to the notification, employees in grades BS-1 to […]
In a dramatic and unforeseen development, Bitcoin’s value has soared past $60,000 following an assassination attempt on former President Donald Trump, who is poised to be the Republican nominee for the 2024 US elections. The attack occurred during a campaign rally, where Trump was assaulted but survived unscathed due to the prompt actions of his […]
The total public debt stock of the federal government of Pakistan increased by 15 per cent current year in May 2024. It kept surging to Rs67.816 trillion from Rs58.964 trillion in the corresponding month of the previous year, up Rs8.852 trillion year on year. This trend also reaches a 2.6 per cent rise on a […]
The Pakistan Petroleum Dealers Association has announced that all the dealers will observe a countrywide strike from July 5, 2024. The nationwide strike of the petrol pumps is being done in protest against the government’s decision that impose an advance turnover tax of 0.5 per cent. According to the Chairman PPDA, Abdul Sami Khan, this […]
The International Monetary Fund has required that Pakistan raise the electricity tariffs by Rs5 per unit before July 10, 2024. This measure has been seen as a conditionality that Pakistan needs to meet before the new financial program is under an agreement. In all likelihood, a raise in the policy rate and an increase in […]
It has been proposed to hike petroleum products prices by up to Rs 8 per litre in Pakistan in the wake of an increase in global oil prices. US crude oil prices rose 3 per cent during the last fortnight, touching $80.25 per barrel, as against the price of London Brent oil, surging over 3.17 […]
The Honda CD 70, a long-standing favorite in the Pakistani motorcycle market, has seen a price adjustment following the 2024-25 national budget. Known for its reliability, fuel efficiency, and affordability, the Honda CD 70 continues to be a top choice for commuters across the country. Here’s a detailed look at the new pricing and the […]
The Sindh government has unveiled a Rs. 3.056 trillion budget for the fiscal year 2024-25, presented by Chief Minister Syed Murad Ali Shah, who also oversees the finance portfolio. The budget proposes salary increases of up to 30% for government employees, with a 30% raise for BPS-1 to BPS-6, 25% for BPS-7 to BPS-16, and […]
Prime Minister Shehbaz Sharif has announced a significant reduction in electricity prices for Pakistan’s industrial sector, slashing rates by Rs. 10.69 per unit. This move is part of the Prime Minister’s power package designed to rejuvenate the country’s industry. With the new price fixed at Rs. 34.99 per unit for the industry and export sector, […]
Pakistan is currently at a critical point in its diplomatic and economic relations, and Prime Minister Shehbaz Sharif’s visit to China is seen as a source of optimism for both countries. While speaking to Chinese investors and authorities, the Prime Minister’s speech had a strong impact, not just with promises, but with concrete measures to […]
Today, the Pakistani rupee (PKR) halted its two-day winning streak against the US Dollar, reversing course and closing in the red. Opening trade at 278 in the interbank market, the PKR remained slightly bearish throughout the day, with the interbank rate holding steady at 278/$ for most of the session. Ultimately, the PKR depreciated by […]
As the job market continues to evolve, new graduates in 2024 are entering a world where technology, healthcare, and finance dominate the landscape. For those looking to maximize their earning potential right out of college, certain career paths stand out for their high salaries and robust growth prospects. Here are the top three high-paying careers […]
In a landmark development for the technology and business landscape in Pakistan, a local AI startup has been named a global partner by NielsenIQ, a renowned leader in global measurement and data analytics. This partnership signifies a major milestone for the Pakistani tech ecosystem, highlighting the growing influence and innovation emerging from this region. Here’s […]
In a visionary move to enhance the well-being and happiness of residents and visitors alike, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, has unveiled a comprehensive Dubai Quality of Life Strategy. This ambitious initiative encompasses more than 200 projects and initiatives aimed at creating […]
Wall Street Bank Citi projects Pakistan’s imminent finalization of a new four-year agreement with the International Monetary Fund (IMF) by the end of July, potentially amounting to $8 billion. This expectation is buoyed by positive indicators such as Pakistan’s 2027 international bond, which Citi recommends investing in, citing anticipated catalysts like the IMF Extended Fund […]
