Author: Ashir Awan
The government of Khyber Pakhtunkhwa (KP) is considering offering free treatment for individuals suffering from Spinal Muscular Atrophy (SMA), a rare and serious genetic disorder. This initiative represents a crucial step in providing much-needed care to patients who are often burdened by the high cost of treatment. Supporting Patients with SMA SMA is a genetic condition that weakens muscles and can lead to life-threatening complications. The treatment for this rare disease can be extremely expensive, putting it out of reach for many. The KP government’s proposal aims to provide free access to essential treatments, offering relief to families and patients…
In a major step towards advancing the digital economy, Pakistan is set to introduce a Digital Payment Index (DPI) at the national level. This initiative aims to measure and monitor the progress made in the adoption of digital payment systems across the country, providing a structured approach to assess key areas of financial inclusion and cashless transactions. Enhancing Digital Payment Ecosystem The DPI will act as a comprehensive tool to evaluate the growth and success of digital payment systems. With an increasing number of transactions moving towards cashless methods, the index will serve as a critical resource for tracking advancements…
Two of Pakistan’s most renowned mountaineers, Sirbaz Khan and Shehroze Kashif, have set out on a historic expedition to summit Shishapangma Peak (8,027 meters) in Tibet, China. This daring journey brings them closer to a remarkable achievement, as they strive to become the first Pakistani climbers to scale all 14 of the world’s eight-thousanders—peaks that rise above 8,000 meters. Climbers from Hunza and Lahore Aim for New Heights Sirbaz Khan, from the breathtaking Hunza Valley, and Shehroze Kashif, hailing from Lahore, have already conquered 13 of the world’s highest peaks, including five located in the majestic Gilgit-Baltistan region. Their successful…
Fertilizers Limited, one of Pakistan’s leading fertilizer manufacturers, recently hosted a nationwide meeting with farmers and dealers to address the pressing challenges in the agricultural sector. The initiative aimed to foster collaboration and provide solutions to critical issues such as declining crop yields, soil health, and efficient resource management. Strengthening the Farmer-Dealer Relationship At the core of the discussion was the need to strengthen the partnership between farmers and fertilizer dealers. Fertilizers Limited emphasized the importance of close collaboration to ensure the timely supply of quality fertilizers and technical support. This unified approach is expected to help improve productivity and…
Positive Impact of Falling Oil Prices With crude oil prices recently plunging below $70 per barrel—marking a three-year low—Pakistan stands on the brink of significant economic relief. The investment advisory firm Alpha Beta Core highlights that reduced energy import costs could alleviate inflationary pressures, crucial for a country where energy imports comprise about 31% of total imports. This financial reprieve is expected to enhance the trade balance, allowing for a more stable economic environment. Enhanced Competitiveness for Exports The decrease in oil prices will likely bolster Pakistan’s export sector by lowering production costs. As energy expenses drop, manufacturers can produce…
In response to Pakistan’s ongoing energy crises, Itel Energy is stepping up with innovative solar power solutions aimed at addressing key concerns faced by both homes and businesses. The company’s focus is on providing reliable, cost-effective alternatives to the traditional energy sources that have left many households and businesses struggling with inconsistent supply and rising costs. Addressing Energy Uncertainty and High Costs Pakistan has long faced issues related to frequent power outages and skyrocketing energy prices. Itel Energy recognizes these pressing challenges and is offering a sustainable solution in the form of solar energy. By harnessing the power of the…
In a major step towards ensuring patient safety, the Islamabad Healthcare Regulatory Authority (IHRA) has taken strict action against healthcare providers. Over the past week, the authority has sealed 25 healthcare facilities in Islamabad due to dangerous medical practices that were linked to the spread of severe health risks, including hepatitis, HIV, and antimicrobial resistance (AMR). Unsafe Medical Practices Lead to Serious Health Risks The sealed healthcare establishments were found guilty of practicing unsafe medical procedures, which led to the spread of life-threatening infections. Hepatitis and HIV were identified as key concerns, with authorities tracing these outbreaks back to negligent…
In a significant development for Pakistan’s energy sector, the federal government is preparing to unveil new agreements with Independent Power Producers (IPPs). These revised deals aim to restructure existing contracts, ensuring more favorable terms for the government and the public while addressing the longstanding concerns about power sector inefficiencies. Revised Contracts to Benefit Energy Sector The upcoming announcement will introduce adjusted contracts with IPPs, focusing on reducing capacity payments and bringing down the cost of electricity. Over the years, the government has been negotiating with IPP owners to implement these changes, with a strong emphasis on making the energy sector…
Pakistan is on the brink of a transportation revolution with the proposal of its first high-speed rail project, connecting Lahore and Rawalpindi. This ambitious initiative promises to significantly reduce travel time between the two major cities, offering a faster, more efficient alternative to the existing transport infrastructure. A Leap Forward in Pakistan’s Rail Infrastructure The high-speed rail project is set to modernize the country’s transportation system. The plan, which has been submitted for approval, aims to introduce trains capable of reaching speeds up to 300 km/h. This would dramatically cut the travel time between Lahore and Rawalpindi, making it a…
Bank Alfalah has once again demonstrated its excellence in the Islamic banking sector by securing two prestigious accolades at the 2024 Global Islamic Finance Awards (GIFA). This international recognition solidifies the bank’s leading position in the industry, setting a benchmark for other financial institutions in Pakistan and beyond. Recognized for Outstanding Contributions to Islamic Finance At the 2024 GIFA, Bank Alfalah was honored with two major awards: the “Islamic Banker of the Year 2024” and the “Best Islamic Banking Window Operations Award.” These accolades were awarded under the GIFA Market Leadership category, celebrating Bank Alfalah’s continuous contributions to promoting and…