State Bank of Pakistan has cut its benchmark interest rate for the first time in four years.
The Central Bank of Pakistan has cut its target policy rate by 75 basis points to 12.50% from 13.25%.
Bloomberg noted that Pakistan’s consumer price inflation slowed to 12.4% in February from 14.6% in the previous month, with gains in price-growth expected to ease further on account of lower global oil prices.
The committee adopted cautious approach on policy rates that will maintain the inflation rate while it can stir up economic activities to some extent.
The report stated that Tuesday’s decision marks a shift in monetary policy direction for Pakistan’s central bank, which had raised its target policy rate nine times since January 2018 despite a wave of global easing last year.
The easing will help boost credit demand in the economy, whose growth the World Bank sees decelerating to 2.4% in the year to June — the slowest pace in more than a decade.
Central banks across Asia-Pacific have..
Category: Social Media
Ministry of Commerce Introduces E-Visa Facility for Businesses
The Ministry of Commerce, in collaboration with NADRA, has launched an e-Business Visa Invitation Letter System (E-BIL), another step towards easing business.
Chambers and Trade Associations can e-file applications for business visas on arrival for nationals of 190 countries. The applications will be processed in 48-78 hrs.
The Ministry of Commerce is now providing an E-Business visa facility, in collaboration with NADRA. All Chambers of Commerce and Industry of Pakistan and Trade Associations are connected to it for uploading visa invitation letters.
According to the Commerce Ministry, in the light of the Prime Minister’s vision, E-BIL is launched to facilitate all potential foreigners interested in exploring business opportunities in Pakistan.
Foreign nationals can apply for a business invitation letter (a required document for Pakistan’s business visa application) through E-BIL’s website.
Tecno Launches Ultra-Clear Challenge With 6 KOLs
Tecno is committed to push the boundaries of mobile photography with the launch of Camon 15. Tecno came up with an exciting Ultra clear Challenge, with the collaboration of six famous Key Opinion Leaders (KOLs).
The first part of the challenge, ‘Ultra-high clear’, involved KOLs Saboor Aly, Mariyam Nafees, and Ukhano tested the picture quality and resolution of a picture taken from the highest altitude.
While in “Ultra Dark challenge”, the KOLs Anum Hakeem, Guddu Shani, and Bilal Munir (VideoWaliSarkar) tested the resolution and quality of a shot taken in low light. All the celebrities were amazed by the result and further invited Tecno fans to become a part of the same challenge and get a chance to win Camon 15.
General Manager of the brand, Mr. Creek Ma shared his views about upcoming Camon 15,
Tecno feels immense pleasure on inheriting the rich spirit of the Camon Series, this latest addition would give our valuable customers high creative possibilities allowing them to discover ..
Leak Reveals Redmi K30 Pro Live Images and Official Launch Date
The Redmi K30 Pro is set to arrive this month, succeeding last year’s Redmi K30 Pro/Mi 9T Pro with top of the line specifications and similar design aspects.
We’ve only seen the device in mock-up renders so far and now, a few days ahead of its launch, the phone has appeared in a set of hands-on images that confirm the design leaks we saw before.
The device is encased in a design-concealing pre-production phone cover but it clearly shows some of its design elements. There is a circle-shaped quad-camera setup at the back right above the LED flash. The main camera on this setup is expected to be a 64MP Sony IMX686 sensor we saw on the base Redmi K30/Poco X2.
The pop-up selfie camera is on the left side and there also appears to be an infrared sensor on the right.
Redmi’s General Manager Lu Weibing shared a teaser on Weibo earlier that revealed that there is also going to be a “Redmi K30 Pro zoom version”.
There are no details on this yet, but we can expect an enhanced edition of the ..
Comparison: Here’s How Many People are Following PSL Teams on Social Media
Pakistan Super League (PSL) is growing significantly every year thanks to some brilliant cricket and fans’ loyal support. Starting from empty stadiums in the UAE in 2016, PSL has come a long way and it is evident from jam-packed grounds for PSL 2020.
Alongside the real action, the digital platforms are also abuzz with the talks of PSL. Talking about social media, Peshawar Zalmi has become the first PSL franchise to cross 1 million followers mark on Twitter. The official Twitter handle for Zalmi shared the news with the fans earlier today.
Let’s have a look at how many followers other teams have amassed over the years. It is worth mentioning that Multan Sultans is a relatively new side in the league having first played in the 2018 season.
Franchise Followers/Likes Twitter Facebook Instagram Peshawar Zalmi 1M 2.6M 397K Quetta Gladiators 992K 1.2M 321K Islamabad United 786.4K 3.2M 358K Karachi Kings 749.9K 1.5M 362K Multan Sultans 284.2K 1M 187K Lahore Qalandars 742.3K 1.3M 348K Are yo..
Breaking: Darren Sammy Appointed as Peshawar Zalmi’s New Head Coach Mid-Season
In surprising news, Peshawar Zalmi have made Darren Sammy, the team captain, as their Head Coach for the next two years starting from today’s match against Quetta Gladiators.
It means that he will no longer captain the team and that responsibility has been given to fast bowler, Wahab Riaz. Muhammad Akram will continue his role with Zalmi as Director Cricket as well as Bowling Coach.
ALSO READ
Does Darren Sammy’s Controversial Tweet Mean He’s Leaving Peshawar Zalmi?
The West Indian all-rounder will, however, still be available as a player this season. His main focus will be to work as the Head Coach of the Peshawar Zalmi.
The franchise’s official Twitter handle shared the news earlier today:
There has been no explanation behind the decision, however, it seems that the cricketer was finding it difficult to maintain his fitness standards due to which the responsibility of captaining the side has been given to Wahab Riaz.
ALSO READ
Darren Sammy to Get Honorary Pakistani Citizenship..
PIA Extends Suspension of Flights to China Till March 31
Pakistan International Airlines (PIA) has extended the suspension of flight operations to China till March 31. The decision was taken as a preventive measure amid the reports of an increase in the coronavirus-related deaths in the neighboring country.
Earlier, the national flag carrier had halted the flights till March 15, which was extended after the virus spread to more countries.
ALSO READ
Islamabad Bans Handshakes, Hugging & Use of Biometric Machines
The novel virus is rapidly increasing in all four bordering countries of Pakistan, with China reporting the highest death toll of over 3000. Iran is second in the list with over 100 casualties due to the deadly disease.
India was the latest victim of the virus, reporting over 30 confirmed cases in six days. Meanwhile, Afghanistan lacks the medical preparedness to detect and fight the infection but has reported tens of suspected cases.
The World Health Organization has appreciated Pakistan’s successful measures to prevent and cont..
PEMRA Details Why It Can’t Fine Khalil ur Rehman
The Pakistan Electronic Media Regulation Authority (PEMRA) has finally taken notice of the on-air verbal spat between famous scriptwriter Khalilur Rehman Qamar and feminist activist Marvi Sirmed.
The incident took place on Sunday evening at the Neo News program ‘Rabia Ehtisham Kay Sath.’ During the show, the two participants indulged in a heated debate on much-hyped Aurat March.
ALSO READ
PEMRA Fines Neo TV Rs. 1 Million For Airing Fake News
As evident from the footage, Sirmed continued to tease KRQ during his speech with the infamous slogan ‘Maira jism, Mairi marzi’ which led KRQ to lose his calm on the live show. As a result, Qamar got animated and abused Sirmed for continuously nagging him.
Taking notice of the incident, the media watchdog has served Neo News a show-cause notice. As per PEMRA’s process, the show host or her representative will attend a hearing to prove why it wasn’t their responsibility to intervene and don’t let this happen on TV.
ALSO READ
PEMRA Has No Juri..
Vivo S6 Will Launch With 5G Support in March
In 2019, we saw a number of Smartphones with 5G support. However, most of them belonged to the flagship tier and were too expensive for the average consumer. Analysts were expecting a more widespread adoption of 5G in the middle tier smartphones in 2020, and it looks like they were right.
Recently, China News Network, via its official Weibo account, unveiled a timeline of upcoming 5G smartphone launches. Other than Oppo Find X2, Huawei P40 series, Realme X50 Pro, and Redmi K30 Pro, the post detailed that Vivo was all geared up to launch its first S-series 5G smartphone, i.e., Vivo S6.
If the news is to be believed, Vivo will be shifting another line-up to 5G networking. However, the pricing will most likely be higher as compared to previously launched Vivo S-series smartphones.
Since the starting price for the Vivo S5 is roughly $380, Vivo S6 will most likely cross the $450 mark. Nevertheless, considering support for 5G, this seems plausible.
Other than this, details regarding the ..
Lenovo’s Gaming Phone Will Have One of a Kind Cooling System
Lenovo, one of the world’s top PC makers, is working on its own Legion gaming smartphone. The company has confirmed that the upcoming smartphone will be powered by Qualcomm’s top of the line Snapdragon 865 SoC that is set to score over 600,000 points on AnTuTu. This information was revealed in a teaser poster recently released by Lenovo.
A few days after this, Lenovo China Mobile GM Chen Jin unveiled that the smartphone will be equipped with ground-breaking cooling technology. According to him, this technology will be a game-changer in the smartphone gaming market. As far as the technical details of the new technology are concerned, Lenovo has not revealed anything yet.
When it comes to unusual cooling technologies, Nubia and its active-cooling fan present in the Red Magic gaming series is the first thing that comes to mind. Liquid cooling technologies, on the other hand, almost feel like a standard in Smartphones now.
Since Lenovo has a very good reputation when it comes to gaming ..
Load More