Author: Maryam Asrar

Pakistan has the potential to attract up to $50 billion in remittances this year, thanks to government measures aimed at curbing illegal hawala/hundi channels, according to Faisal Niaz Tirmizi, Pakistan’s Ambassador to the UAE. Tirmizi made this statement while addressing the “Remitlink: Resilient Remittances” event, jointly organized by Dellsons Associates and the Embassy of Pakistan in the UAE. Tirmizi noted that the flow of remittances has returned to normal as the government has taken regulatory and stringent measures, including a crackdown on foreign currency smuggling. These efforts have not only streamlined the remittance process but also curbed illegal channels. Usman…

Prominent Pakistani cricketer, Naseem Shah, proudly revealed that he has been granted a golden visa for the United Arab Emirates (UAE), joining the ranks of celebrities who hold this prestigious status. The 20-year-old athlete took to Instagram to share the news, posting a photo of himself receiving the golden visa from Dubai’s General Directorate of Residency and Foreigners Affairs (GDRF) officials. In his caption, Naseem Shah expressed his gratitude, stating, “It’s a great honor to receive my Golden Visa from a country I consider my second home!” Notably, other Pakistani cricket stars, such as Shadab Khan and Iftikhar Ahmed, have…

The price of gold per tola in Pakistan has seen a significant drop, decreasing by PKR 7,800, according to the All Pakistan James and Jewelers Association. The current price of gold per tola is PKR 1,097,200 for the entire tola or 11.66 grams. On a per-gram basis, gold is now priced at PKR 6,684, resulting in a cost of PKR 1,697,070 for 10 grams. Contrastingly, in the international market, the price of gold has risen by $13, reaching $1,885 per ounce. This highlights the dynamic nature of gold prices, influenced by global economic factors, currency exchange rates, supply and demand,…

Digital payments have the potential to enhance Pakistan’s GDP by approximately $25 Billion and create 4 million additional jobs, according to a recent report “Better than cash alliance”, but it has to be fintech companies at the crux to drive this change like it has happened in other emerging markets. A Karachi based payments fintech company by the name of Swich is heating up the space. The company claims to have already processed close to PKR 6 Billion in transactions in a few months according to their website and has enhanced its founding team. Muhammad Raza, who headed Enterprise Business at Paymob,…

The government has set ambitious projections for cotton production, estimating it at 11.5 million bales from cultivation across 2.4 million hectares for the current season. This reflects a substantial increase of 126.6% compared to last year’s output. During a meeting of the Federal Committee on Agriculture (FCA), chaired by Federal Minister Dr. Kauser Abdulla Malik, the committee reviewed Kharif crop performance, production targets for Rabi crops in 2023-24, and discussed input supply for crop planting. The committee’s provisional estimates for the 2023-24 season include a significant rise in cotton, rice, moong bean, mash, and chili production. Wheat production was set…

Pakistan Army has achieved the silver medal in the renowned ‘Cambrian Patrol,’ one of the world’s toughest military competitions held in Wales, UK. This year, a total of 113 teams participated, including 38 international teams from various countries. Colonel Taimur Rahat, the Army and Air Attaché at the Pakistan High Commission in the UK, explained that this competition, which has been held since 1959, is considered NATO’s most rigorous patrolling test, featuring world-class testing standards. The participating countries included the UK, Pakistan, India, Saudi Arabia, Albania, Germany, Armenia, France, Denmark, Mexico, Latvia, Netherlands, Spain, USA, Uzbekistan, Qatar, Italy, Ghana, Ireland,…

Maulana Tariq Jameel has received recognition as one of the 2024 World’s 500 Most Influential Muslims, as acknowledged by the Royal Islamic Strategic Studies Centre, located in Jordan. Annually, this center publishes a list in their magazine, “The Muslim 500,” which features significant Muslim figures from across the globe. Among the notable individuals within the top 50 of this list are Saudi King Salman bin Abdul-Aziz, Turkish President Recep Tayyip Erdoğan, Hamas leader Ismail Haneya, and others.

Jazz, a prominent digital operator in Pakistan, has received acclaim in the Global Innovation Index 2023, which was announced on October 9, 2023. This index, curated and published by the World Intellectual Property Organization (WIPO), a specialized agency of the United Nations, recognizes Jazz as a leading innovator in Pakistan. This recognition highlights Jazz’s steadfast commitment to innovation and its impressive ability to navigate the ever-evolving digital landscape. Jazz has consistently demonstrated its capability to adapt its services to meet the changing demands of its diverse customer base. Aamir Ibrahim, Jazz’s CEO, underscores their customer-centric approach to innovation, which not…

The much-anticipated clash between arch-rivals India and Pakistan in the 2023 Cricket World Cup is scheduled for Saturday, October 14th, in Ahmedabad, according to the ICC World Cup 2023 schedule. The excitement surrounding this match is already at its peak, and it is expected to draw a massive viewership. To add to the anticipation, a musical ceremony is planned one hour before the game. Additionally, there are reports that some fortunate golden ticket holders will have the opportunity to attend this historic match between India and Pakistan in the ICC World Cup. Both teams have been performing admirably in the…

United Bank Limited (UBL) in Pakistan has launched a significant initiative to create permanent job opportunities for candidates who have completed their intermediate education. This move underscores the bank’s commitment to inclusivity and economic empowerment, as it paves the way for individuals with intermediate qualifications to secure permanent positions. This not only fosters financial independence but also contributes to addressing the country’s unemployment challenges. UBL’s action demonstrates their dedication to harnessing diverse talent pools and investing in the professional development of individuals with varying educational backgrounds. This ultimately strengthens Pakistan’s workforce and its financial sector. About UBL: United Bank Limited…