Author: Faiza Liaquat
Pakistan’s IT sector thrives, earning $892.972 million in the initial four months of fiscal year 2023-24, reflecting a 4.45% increase from the previous year. Notable growth in computer services and software consultancy contributes to the sector’s dynamic performance.
Arshad Nadeem, Pakistan’s elite javelin thrower, gears up for Paris Olympics after overcoming a knee injury and dengue, with comprehensive plans for overseas training underlined by a collective effort for peak performance. His resilience and qualification in the World Athletics Championship position him as a strong contender for an Olympic medal.
Senior Superintendent of Police Tahira Yasub makes history as the first woman to be appointed Assistant Inspector General in Gilgit-Baltistan Police, showcasing her trailblazing career and extensive administrative expertise. Her achievements include serving as the first woman Superintendent of Police in the region and contributing globally through UN peacekeeping missions.
Revolutionizing grocery shopping, Sauda Store in Pakistan introduces a Buy Now, Pay Later approach, integrating with corporate payroll systems for employee perks, and plans expansion with its extensive product range. The user-centric BNPL model promises stress-free shopping and financial ease, marking a unique innovation in the market.
Swat Valley celebrated a tourism boom in 2023 with 449,000 visitors, including 4,000 foreigners from 108 countries, showcasing its enduring charm and economic potential. Collaborative efforts in promoting scenic destinations and enhancing infrastructure position Swat as a rising star in the global tourist landscape.
Pakistan intensifies efforts against tax non-filers, threatening utility and mobile disconnections to broaden the tax base, while exceeding revenue targets and aiming for a positive shift towards higher direct taxes. The move aligns with IMF requirements for a crucial loan tranche, emphasizing the country’s commitment to fiscal responsibility.
Experience the thrill at Jumbo Jump, Karachi’s new inflatable adventure park, boasting the world’s largest castle and a 40-foot Jumbo Drop slide. This ultimate family entertainment destination promises unforgettable moments and adrenaline-packed fun for all ages.
Pakistan’s trade deficit shrunk by 34% in H1 FY24, reaching $11.148 billion, driven by a 5% boost in exports ($14.981 billion) and a 16% drop in imports ($26.129 billion). December 2023 alone witnessed a notable 13% monthly and 40% yearly reduction in the deficit, signaling positive trade balance trends.
Umaira Sheraz, an Islamabad Police officer, created history by finishing the 53km Sohail Memorial Ultra Marathon in an impressive 6 hours, 47 minutes, and 51 seconds, setting a new record and highlighting the exceptional achievements of women in Pakistan. Her feat inspires as she becomes the first and youngest female athlete to conquer this challenging race.
The Pakistan Stock Exchange (PSX) begins 2024 with a strong surge, gaining 1,580 points in the KSE-100 index, building on the impressive 55% return in 2023. Factors such as a stable local currency, declining fuel prices, and positive investor sentiment driven by government initiatives contribute to the buoyancy in the market.
