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PCB’s Rs16.386 Million Unauthorized Payouts, Including to Chairman Sethi
Unauthorized Payments Made to Shakil Ahmad Sheikh, Muhammad Haroon Rashid Dar, Najam Sethi, and Aizad Sayid The Pakistan Cricket Board (PCB) paid Rs 16.386 million in unauthorized meeting and daily allowances to members of its Board of Governors (BOG) and Management Committee during the 2022-23 fiscal year, an audit revealed. The payments exceeded the entitlements […]
Al Jazeera Reporters Killed in Israeli Airstrike.
An Israeli airstrike in southern Gaza on Sunday resulted in the death of two Palestinian journalists, as reported by the Associated Press. Among the victims was Hamza Dahdouh, an Al Jazeera journalist who had previously lost four close relatives in the ongoing conflict. Hamza Dahdouh, the son of veteran Al Jazeera correspondent Wael Dahdouh, was […]
Team Europe and Pakistan Government invest €179 million in Climate Initiative for Punjab Urban Centers
As a part of the Team Europe Initiative ‘Building Back Better through Green Jobs Creation,’ combining support from the European Union (EU), Germany, France, and Italy, the EU and the Agence Française de Développement (AfD) today have signed an agreement to spearhead a new climate initiative in the urban centers of Punjab. The joint effort […]
Used Cars: Parliamentary Panel Proposes Up to 1500cc Used Cars Import for Disabled Every 5 Years
A parliamentary panel on Monday proposed a crucial amendment, advocating for an adjustment that would allow disabled individuals to import used cars featuring engine capacities up to 1500cc once every five years. This proposal has been forwarded to the Senate Finance Committee for comprehensive deliberation, particularly concerning the potential exemption of sales tax. Officials from […]
Afghan Taliban Government Names First Ambassador to China Since 2021 Takeover, Bolsters Ties with Beijing
(Reuters): Afghanistan’s Taliban administration has appointed a former spokesperson as ambassador to China, the foreign affairs ministry said on Friday, its first officially accredited envoy to any country since taking over in 2021. Former administration spokesman Bilal Karimi arrived in China late in November to take up the role, the Taliban-run foreign ministry said in […]
Chinese auto giant BYD explores strategic investment in Pakistan’s electric vehicle sector
Chinese automotive conglomerate BYD, a major player in the global electric vehicles (EVs) market, is currently engaged in discussions with Pakistani authorities regarding the potential of the country’s EV sector. With its operations in India and various right-hand-driven (RHD) markets, BYD is emerging as a formidable competitor to Tesla and is on track to surpass […]
U.S. Grants Two-Year Extension for Pakistani Fish Imports
The United States has granted a two-year extension to the exemption period for Pakistan’s fish imports, providing additional time for commercial fishing operations in Pakistan to align with U.S. standards. The US Department of Commerce and the National Marine Fisheries Service (NMFS), a federal agency, granted this two-year extension to the Marine Mammal Protection Act […]
Experts Call for Pakistan’s Economic Reset for Stability
They Stress the Crucial Link Between Governance and Economic Stability in Pakistan Special Investment Facilitation Council Lauded for Fostering Collaboration in Pakistan Gender Empowerment and Disaster Resilience Take Center Stage at the 26th Sustainable Development Conference Experts convened to underscore the pressing need for Pakistan’s economic reset, highlighting the crucial connection between enhanced governance and […]
EU Presses for Practical Implementation for Pakistan’s GSP+ Trade Benefit
GSP+ elevates Pakistan’s exports to the EU, fostering growth and sustainability with zero-rated tariffs on two-thirds of products. The European Union (EU) urges Pakistan for practical implementation of 27 international conventions that are integral to the Generalized System of Preferences Plus (GSP+) scheme. The EU’s fourth report on the scheme underscores Pakistan’s legislative advancements. However, […]
Pakistan Refinery Partners with Honeywell, UOP and Axens
In a significant development, Pakistan Refinery Limited (PRL) has inked pivotal license agreements with industry leaders Honeywell UOP and Axens for its ambitious Refinery Expansion and Upgrade Project (REUP). The project’s primary objective is to double PRL’s refining capacity from the current 50kbpd to 100kbpd while transitioning the existing hydro skimming configuration to a deep […]
Pakistani General Faces Allegations: Hidden Foreign Assets and Financial Irregularities
This photo is taken from ‘Fact Focus’ A top Pakistani military general, Lt. Gen. Shafaat Ullah Shah, a close associate of former dictator General Pervez Musharraf has been found in a series of alleged financial improprieties. This includes a web of concealed foreign properties in Manhattan, London, and Dubai, coupled with dubious financial dealings […]
WhatsApp Elevates Messaging with New Text Formatting Feature
WhatsApp, one of the most popular messaging apps, has introduced a set of text formatting tools to elevate the messaging experience on its web client. The release follows the recent rollout of the “search message by date” feature for WhatsApp’s desktop version, and it is initially available to select beta testers. According to WABetaInfo, a […]
Pakistan Accuses Israel of Treading ‘Path of Pharaohs’ with Child Killings in Gaza
Caretaker Pakistani Prime Minister Anwaar-ul-Haq Kakar strongly condemned Israel’s war on Gaza on Thursday, particularly the killing of Palestinian children. He drew a parallel to the biblical story of the “pharaohs” who, on the eve of Prophet Moses’ birth, ordered the killing of children, Geo Television reported. Kakar’s remarks were delivered during the 16th Economic […]
Unpacking Pakistan’s Deportation Policy: Fueling Afghan “Poppy” Surge and Straining Relations?
Pakistan’s Deportation Policy Can Drive a Surge in Afghan Poppy Cultivation.
Chinese Firms’ Withdrawal Dents Pakistan Steel Mills Privatization
Amid a substantial downturn in Chinese investment in the China-Pakistan Economic Corridor (CPEC), several major Chinese companies have withdrawn from the proposed acquisition and investment in state-run Pakistan Steel Mills. The decision marks a setback for the privatization of this largest non-functional 19,000-acre industrial facility. Before ceasing its operations in June 2015, the facility was […]
Pakistan’s weekly inflation eases
Pakistan’s weekly inflation rate eased by a third of a percentage point over the previous week driven by a decline in some kitchen items’ prices, especially pulses, chicken, onions, rice, sugar, and wheat flour. During the week ending on October 26, chicken prices in one week dropped by 10.2 percent to Rs312/kg, while onions became […]
Pakistan Halts Auto Parts Import Quotas for Japanese Carmakers Over Policy Violations, No Licenses Revoked
Pakistan’s has ceased the revalidation of the auto parts imports quota of three Japanese carmakers Toyota, Honda and Suzuki for violating the requirements of auto policy 2021-26. No license has been suspended. They policy calls for localization of vehicles while these companies are importing over 75 percent from japan including engines. Besides, the policy has […]
U.S. Imposes Sanctions on Chinese Firms for Alleged Missile Tech Supply to Pakistan
In a major move, the United States imposed sanctions on three Chinese companies on Friday for their alleged involvement in providing Pakistan with ballistic missile technology and components, a statement of the U.S. State Department said. It says that the sanctions were imposed in alignment with the global nonproliferation regime. The sanctions come after Pakistan […]
Pak Suzuki Motor Company to Delist from Pakistan Stock Exchange
The Board of Directors (BoD) of Pak Suzuki Motor Company (PSMC) announced its decision to acquire all outstanding shares of the company and delist from the Pakistan Stock Exchange (PSX), as disclosed in a notice issued to the bourse on Thursday. The decision, made during a BoD meeting of the Suzuki motors, follows the PSX […]
How Americans Reacted to the Inflation Crisis?
Over the last two years, high inflation has adversely affected the American economy. This inflation crisis is undermining the financial well-being of millions of citizens, especially of the fixed-income population. Notably, basic necessities, like food, fuel, and housing, have become increasingly expensive, further burdening individuals. The high inflation has pushed citizens toward fiscal prudence and […]