Author: Ashir Awan
KARACHI – Gold prices in Pakistan witnessed a downward correction on Thursday after reaching a historic peak earlier this week. The All Pakistan Gems and Jewellers Association reported a drop of Rs2,300 in the per tola price, bringing it down to Rs283,100 in the domestic market. Similarly, the price of 10-gram gold saw a decline of Rs1,971, now standing at Rs242,713. The fall follows a record-breaking surge just a day earlier, when gold had climbed by Rs2,000 per tola, reaching an all-time high of Rs285,400. Despite the decrease in gold, silver prices remained stable, with per tola silver at Rs3,350.…
In a bid to boost trade and investment between Pakistan and China, major Business-to-Business (B2B) events focusing on the leather and fisheries sectors are scheduled to take place in key Chinese cities. The road shows will be held on October 29 in Qingdao and November 5 in Guangzhou, with significant participation from prominent Pakistani companies. A total of 30 representatives from 17 fisheries companies and 16 executives from 10 institutions involved in the leather industry will represent Pakistan at these road shows, signaling a strong push to expand exports and partnerships. The initiative was discussed in a high-level meeting chaired…
KARACHI – The Pakistan Stock Exchange (PSX) witnessed a robust performance on Wednesday as the KSE-100 index surged past the 87,000-point threshold, showcasing strong investor confidence. The index gained 727.96 points, closing at an impressive 87,194.53 compared to the previous day’s 86,466.57 points. Key players such as HUBCO, K-Electric Limited (KEL), Pakistan Petroleum Limited (PPL), Oil and Gas Development Company (OGDC), and Attock Refinery Limited (ATRL) saw their stocks performing in the green, driving the market to record highs. Bullish Momentum Driven by Economic Optimism Market experts have attributed the bullish momentum to expectations of an imminent cut in the…
Landmark Decision to End Interest-Based Banking by 2028 In a historic move, the Senate has passed the 26th Constitutional Amendment Bill, 2024, establishing January 1, 2028, as the official deadline for the complete abolition of Riba (interest-based banking) in Pakistan. This amendment aims to fundamentally transform the country’s financial system, steering it towards a Riba-free economic model within the next four years. Key Role of JUI-F in Amendment The deadline was introduced following a strong recommendation from the Jamiat Ulema-e-Islam-Fazl (JUI-F), a prominent regional political party led by Maulana Fazl-ur-Rehman. The party’s input was crucial in shaping the bill, despite…
Final Long Run Before a Monumental 1600 km Journey Islamabad Running Club is excited to host Tabarak Rehman for his last long run before embarking on his remarkable 1600 km journey across Pakistan. His inspiring mission is to raise awareness about the 26 million out-of-school children in Pakistan and collect at least $1 million in funds for The Citizens Foundation (TCF), a nonprofit organization running more than 2,000 schools across the country. Event Details and Call for Participation The special run is scheduled for Saturday, October 26, 2024, at Pak Farid Park in Islamabad. The gathering time is set for…
Free Access to Premium Enclosures In an exciting move for cricket fans, the Pakistan Cricket Board (PCB) has announced that entry to the premium enclosures will be free of charge on the first day of the third and final Test between Pakistan and England. The highly anticipated match will be held at the Rawalpindi Cricket Stadium, with free entry available to everyone on the opening day. A Gesture to Celebrate Cricket This gesture is part of PCB’s initiative to boost fan engagement and offer an opportunity for more people to experience live international cricket. With Pakistan and England battling it…
Traffic Measures to Ensure Smooth Flow The City Traffic Police (CTP) Rawalpindi has rolled out a detailed traffic management plan to facilitate the upcoming Pakistan-England cricket match, scheduled at Rawalpindi Stadium from October 21 to 23. This plan aims to maintain uninterrupted traffic flow and minimize disruptions in the surrounding areas. Deployment of Traffic Officers and Wardens A total of 370 traffic officers and wardens have been deployed around the stadium to manage vehicular movement and provide guidance to the public. Officers will direct traffic to alternate routes and ensure that the roads near the stadium remain accessible for emergency…
Key Move to Improve Infrastructure and Services In a significant development, Punjab Chief Minister Maryam Nawaz has approved the formation of three new provincial authorities, each focusing on different areas: local development, sanitation, and horticulture. This decision was reached in a special meeting held on Sunday. New Authorities for Better Governance The three authorities established are the Punjab Development Authority, Punjab Water & Sanitation Authority, and Punjab Horticulture Authority. Each will play a pivotal role in addressing critical urban issues like infrastructure, water management, and environmental sustainability. Improved Urban and Rural Development The Punjab Development Authority will focus on urban…
In a significant step towards promoting education, Punjab Chief Minister Maryam Nawaz has unveiled the “Honhaar Scholarship Programme,” aimed at providing financial aid to 30,000 deserving students across the province. The initiative reflects her commitment to ensuring that talented students, regardless of their financial background, can pursue higher education. Information desks have been established in universities across Punjab to facilitate the application process. The scholarships, available in 68 different disciplines, will be distributed annually, supporting both academic and career growth for students. Scholarships for Public Sector University Students The programme will focus on students enrolled in one of Punjab’s 50…
Engro Corporation, a leading name in Pakistan’s business landscape, is seeking talented and driven professionals to join its innovative team. With a reputation for excellence across diverse industries, Engro is now offering career opportunities in several key sectors, including finance, housing, transport, warehouse management, territory sales, and regional sales. Diverse Career Paths for Ambitious Professionals Engro is looking for individuals who are passionate about making a difference and have the ambition to grow professionally. From finance experts to sales professionals and logistics managers, the available roles span a wide range of expertise. Engro’s commitment to nurturing talent and encouraging personal…