Author: Faiza Liaquat

Numerous Pakistani companies and startups are actively taking part in a significant technology exhibition happening in Dubai, known as GITEX Global 2023. According to the Ministry of IT & Telecom, 56 Pakistani companies and 30 startups are participating. Among these, 26 companies are official participants, while 29 IT companies are taking part privately. The event is attended by high-ranking officials, including Caretaker Minister for IT and Telecom Dr. Umar Saif. The participating companies are involved in various fields, such as Artificial Intelligence (AI), Blockchain, Metaverse, Agritech, and Edtech. The event includes the inauguration of the Pakistan Pavilion by the Caretaker…

The KSE-100 index reached a six-year high, closing at 49,493 points after surging by 2,000 points in the past week, as reported in the PSX’s weekly update. The index hit its peak at 49,520 points during the week, with the lowest point at 47,217. The market experienced significant trading activity, with a total of 1.87 billion shares traded, amounting to a weekly turnover of Rs 55.55 billion. Additionally, the market capitalization increased by 262 points, reaching Rs 7,286 billion by the end of the week. The Pakistan Stock Exchange (PSX) had a positive week, concluding with a 661-point gain. The…

In a collaborative effort with Tehsildars (Recovery), Lahore Electric Supply Company (LESCO) has achieved the retrieval of over Rs 25 million from nearly 1,000 dormant defaulters across five districts: Lahore, Sheikhupura, Nankana Sahib, Kasur, and Okara, during a 31-day recovery campaign. According to LESCO’s spokesperson, on the 29th day of the campaign, Chief Engineer O&M (T&G) Zafar Iqbal, along with Tehsildar City Mujahid Zia and Tehsildar Shalimar Noraiz Humayun, successfully collected outstanding dues of Rs 3.38 million from 88 defaulters in the Northern Circle and Rs 5.44 million from 106 defaulters in the Eastern Circle. Furthermore, various other LESCO officials,…

Nida Yousaf Sheikh, a Pakistani female social innovator based in Lahore, has earned a spot among the top 10 winners of One Young World’s LEAD 2030 initiative, securing a $500,000 fund for sustainable development projects. Nida, the CEO of Tayaba Welfare International Association (TWIA), delivered a keynote speech at the annual conference in Belfast where she received this prestigious recognition. This accomplishment places Nida Sheikh alongside young leaders from over 190 countries dedicated to driving social impact and catalyzing global change. The conference, attended by over 4,000 young leaders worldwide, featured Nida Sheikh as the sole representative from Pakistan. The…

Pak Suzuki, a prominent automobile manufacturer in Pakistan, has introduced a groundbreaking offer for car owners nationwide. This exceptional deal allows you to easily trade in your old car for a brand-new Suzuki Alto, simplifying the process into three easy steps. Step 1: Bring Your Old CarThe initial step is straightforward. If you have an old car you’re ready to part with, Pak Suzuki welcomes it as part of this remarkable offer. Whether it’s a trusted but aging companion or a vehicle you’re eager to upgrade, your old car can be the gateway to a fresh start. Step 2: Pay…

The caretaker government led by Prime Minister Anwaarul Haq Kakar has recently announced a significant reduction in the prices of petrol and high-speed diesel (HSD) for the next two weeks. The price of petrol has been lowered by Rs40 per litre, while HSD has been reduced by Rs15 per litre. The finance ministry issued a notification explaining that the decision to lower these prices was influenced by two key factors: the decreasing trend of petroleum prices in the international market and the strengthening of the Pakistani Rupee against the US dollar. As a result of these changes, the new prices…

In a significant initiative to strengthen its workforce, the Punjab Police has launched a major recruitment campaign, extending invitations to numerous individuals to join their ranks. This recruitment drive is specifically for the positions of Senior Station Assistant (SSA) and Police Station Assistant (PSA), providing an appealing opportunity for prospective candidates. Application Procedure:Prospective candidates can access the application forms on the official Punjab Police website, with the application submission deadline set for October 28, 2023. Adherence to this deadline is crucial for candidates to confirm their eligibility for these positions. Eligibility:For Senior Station Assistant (SSA) roles, candidates should be aged…

Pakistan’s premier bank and a significant player in the country’s remittance sector, HBL, collaborated with the International Association of Money Transfer Networks (IAMTN) Summit held in Dubai on October 11 and 12, 2023. The IAMTN Annual Summit brings together professionals, thought leaders, and innovators in the financial services industry to engage in discussions about challenges, initiatives, and opportunities in the field of international money transfers and remittances. IAMTN is the sole global trade association representing the cross-border payments industry. Addressing the session as a key speaker, Sagheer Mufti, Chief Operating Officer – HBL, expressed, “HBL is dedicated to innovating and…

Data released on Thursday reveals that the State Bank of Pakistan (SBP) witnessed a weekly increase of $31 million in its foreign exchange reserves, reaching a total of $7.64 billion as of October 6. The country’s overall liquid foreign reserves amounted to $13.03 billion, with commercial banks holding $5.39 billion in net foreign reserves. The central bank did not specify the exact reason for this increase. The SBP reported, “During the week ending on October 6, 2023, SBP’s reserves increased by $31 million to $7,646.7 million.” In the previous week, Pakistan’s central bank reserves had declined by $21 million. Notably,…

Canada has emerged as a highly desirable destination for international students seeking higher education. While the country offers exceptional educational standards, the associated costs can be a concern. Fortunately, several Canadian universities are addressing this by providing fully funded scholarships, including options for students from Pakistan. Here, we spotlight three prestigious institutions that offer such opportunities, ensuring financial worries don’t hinder your educational pursuits. These scholarships are just a glimpse of the opportunities available to international students in Canada. Numerous other Canadian universities offer attractive financial support packages to help you achieve your academic and career aspirations. In addition to…