In 2022, the number of apps downloaded by Pakistanis rose to 35.4 % compared to the same period last year. This makes Pakistan the fastest-growing apps market globally, according to a report published by Data Darbar. The growth rate of Pakistan was 26.8% in 2021, which increased to 35.4pc in 2022. This is around 3 […]
A earthquake of magnitude 4.3 hit different areas of Lasbela, Balochistan on Thursday morning. The Meteorological Department of Pakistan has reported that the epicenter of the earthquake was 56km northeast of Bela and its depth was 41km. The exact time of earthquake was 8:44am with a longitude of 66.67 East and a latitude of 26.67 […]
Sindh Government takes yet another initiative to support women empowerment in the province by launching Pink People’s Bus Service in Karachi. The bus service was inaugurated by Minister Sharjeel Memon in order to offer safe, secure, convenient and comfortable mode of transportation to women. Right now, there are 8 Pink buses that will operate from […]
The first case of very infectious Sub-Variant of COVID-19 BF-7 has reached Karachi. The provincial health department has confirmed the news after Dow University of Health Sciences (DUHS) reported the positive sample. According to the officials at health department the patient diagnosed with the infections COVID-19 BF-7 Sub-Variant is a 49-year-old male. The officials further […]
Pakistan is going through the worst economic crisis. It is speculated that inflation is likely to reach 27% in January. This is in comparison to the central bank’s anticipated average of 21-23% for the current financial year It is also anticipated that the government will further increase the prices of power and gas after which […]
The Steel Industry fears closure of businesses and major job cuts in the wake of recent failure to open LCs (letters if Credit) by banks. The Industry is already facing shortage of raw material due to the import ban. Consequently, the production is delayed and the companies are suffering from financial losses, according to the […]
The deadly attack on a mosque in Peshawar on Friday has shaken the whole country. Sadly, more dead bodies have recovered from the attack site on Tuesday, after which the death toll has increased to 88. The attack at a mosque in Peshawar’s Police Lines area took lives of 59 people, most of whom here […]
The social media was abuzz with rumours for the last few weeks that the fee for machine readable passports is going to be increased in the days to come. However, the Interior Ministry has squashed all those rumors and have stated that there will be no change in fee for those passports. The Spokesperson of […]
Pakistani rupee has hit a new all-time low when it was trading at Rs 270/$ today. This makes the Rupee worst ever performing currency in Asia. The government recently announced to lift cap on currency exchange and let the market determine the value of the Rupee. Since then, the Rupee has been depriciating. Pakistan has […]
The cap will be removed from 25th January onwards and now rupee will be allowed to depreciate as per its actual value. Earlier, the currency dealers have unanimously decided to keep the rupee overvalued artificially in the open market against Dollar. After the announcement, is it speculated that Rupee would devalue fast and will near […]
Pak Suzuki Motor Company Limited announced on Tuesday that the prices of various Suzuki models are now increased by up to Rs. 355,000. Following the new announcement, now the price of Alto VX, VXR, VXR AGS, and AGS is Rs. 1.859 million, Rs. 2.156 million, Rs. 2.310 million, and Rs. 2.423 million after a raise […]
The all-rounder of Pakistan Cricket Team, Shadab Khan has revealed that he is married to Saqlain Mushtaq’s daughter. Khan took to his Instagram to announce the big news. He added that he decided to keep the news private and requested his fans to respect his decision. Shadab Khan’s Nikah ceremony was held on Monday. The […]
Pakistan Railways has announced a 25% fare increase for its Green Line services, effective immediately. This decision was made to address the ongoing financial challenges faced by the organization, and to improve the overall quality of service for passengers. The Green Line services are a premium offering by Pakistan Railways, which includes air-conditioned coaches and […]
On Monday, a power breakdown occurred across Pakistan, caused by a “variation in frequency” in the country’s South. Energy Minister Khurram Dastagir Khan stated that it may take 12 hours to restore the power completely. He explained that power generation units are temporarily switched off in winter at night as an economic measure to save […]
Punjab, a province in Pakistan, is taking steps to curb car registration and token tax fraud with the implementation of advanced security measures. The new system, which is set to roll out in the coming weeks, will use a combination of biometric data, vehicle identification numbers (VINs), and other identifying information to ensure that cars […]
Pakistan’s economy is in a turmoil for the last few months and almost every sector seems to be a victim of it. The recent data released by the Pakistan Bureau of Statistics (PBS) has revealed that in December, the textile exports fell 16.47% compared to the same month last year. The exports stood at $1.35 […]
According to a source in the finance ministry, the World Bank has delayed the approval of $1.1. bn loan to Pakistan until the next financial year due to tariff revision and circular debts in the energy sector. The source has told Reuters that the loan has been pending since June. They said, “The major issue […]
Mohammad Al-Jadaan, Foreign Minister of Saudi Arabia, said that his country is discussing “more creative ways” to provide support to Pakistan. He added that we are talking to the World Bank and others in this regard. The Foreign Minister also said that Saudi Arabia is revisiting the ways it used to provide assistance to its […]
At the International Chambers Summit 2023, the 54 business bodies from Pakistan’s Chambers of Commerce and Industry agreed to boycott the upcoming general elections if charter is not signed by all concerned political parties. The summit was organized by the Rawalpindi Chamber of Commerce and Industry where the business community also conveyed their concerns to […]
The Securities and Exchange Commission of Pakistan (SECP) has recently issued a directive for all Islamic financial institutions to establish Shariah compliance units within their organizations. The purpose of these units is to ensure that all financial products and services offered by these institutions comply with the principles of Islamic law, also known as Shariah. […]
