LAHORE: Pakistan in a superb comeback defeated Indonesia 3-1 in the quarter-final of the the AVC Nations Volleyball Cup in Manama, Bahrain on Saturday. According to the information released through a press release by the Pakistan Volleyball Federation, Indonesia won the first set 25-20. However, Pakistan made a brilliant fightback winning the next three sets 25-21, 25-22…
KARACHI: Pakistan are likely to get a rare opportunity to play opposition outside Asia in next year’s FIFA World Series with team’s possible participation coming under discussion when FIFA chief Gianni Infantino met recently-elected Pakistan Football Federation President Mohsen Gilani at the FIFA Executive Football Summit. The summit, held on the sidelines of the ongoing FIFA Club World…
KARACHI: In a significant move to enhance cybersecurity and compliance within Pakistan’s financial services sector, the National Institute of Banking and Finance (NIBAF) and Risk Associates signed a memorandum of understanding (MoU) on Saturday. The MoU was signed by Ms Lubna Farooq Malik, Co-CEO of NIBAF, and Dr Aftab Rizvi, CEO of Risk Associates, in…
KARACHI: Auto financing continued its upward trajectory for the sixth consecutive month, reaching Rs271.2bn at the end of May, up from Rs263.3bn in April, supported by a notable decline in interest rates. However, the figure remains well below its peak of Rs368bn recorded in June 2022. The reduction in the policy rate to 11pc from…
KARACHI: A growing shortage of dollars in the interbank market has unsettled the exchange rate, prompting banks to offer higher-than-official rates to attract remittances, while importers are forced to pay a premium for greenbacks. Despite healthy inflows, the recent geopolitical shocks — including the Iran-Israel conflict and a brief four-day skirmish between Pakistan and India — have shaken confidence…
ISLAMABAD: The Asian Development Bank (ADB) has approved technical assistance to help Pakistan modernise its power distribution companies (Discos) through the adoption of smart technologies aimed at improving operational efficiency and service reliability. According to the ADB project document, the initiative seeks to transform Discos into key drivers of the country’s energy transition by incorporating…
• Standing committee recommends 50pc raise in govt employees’ pay, 20pc increase in pension• Tax exemptions sought for individuals earning Rs1.2m annually ISLAMABAD: As the government struggles to balance its revenue and expenses, the Senate Standing Committee on Finance and Revenue has recommended a 50 per cent increase in government employees’ salaries, raise in pensions,…
QUETTA: Opposition members staged a walkout from the post-budget debate session of the Balochistan Assembly on Saturday to protest the removal of the Jhalawan Medical College Khuzdar project from the Public Sector Development Programme (PSDP) in the budget for financial year 2025-26. In his speech, opposition leader Younis Aziz Zehri of the JUI-F demanded that the college…
• Rules initiation of criminal proceedings unlawful without investigative audit and show-cause notice• Says taxes should be imposed reasonably and without discrimination ISLAMABAD: The Supreme Court on Saturday barred the Federal Board of Revenue (FBR) from arresting or initiating criminal prosecution to recover tax due from defaulters without prior determination of their tax liability. “We have no…
Resecurity is a cybersecurity company based in the United States, known for helping organisations protect against digital threats. Resecurity, a prominent cybersecurity company headquartered in the United States (US) and renowned for its cutting-edge threat intelligence and digital risk management solutions, has announced the opening of its newly registered office in Pakistan. This expansion emphasises…
