The total liabilities of loss-making state-owned enterprises (SOEs) in Pakistan have ranged from 12 percent to 18 percent of GDP in recent years—a remarkably high percentage says the World Bank. The Bank in its latest report “Hidden Debt Solutions to Avert the Next Financial Crisis in South Asia” stated that the SOE sector in Pakistan is more than twice as large as the international benchmark, controlling for the size of the economy. Nonfinancial state-owned enterprises (SOEs) have a large footprint in South Asia. Total SOE revenues amount to nearly 8 percent of GDP in Sri Lanka, 12 percent in Pakistan,…
Category: Tech and Telecom
MoITT In Process for NGMS Spectrum Auction to Meet Rising Broadband Demand
Federal Secretary Ministry of IT and Telecommunication Dr. Muhammad Sohail Rajput has said that to meet the increasing demand for broadband services, the Ministry of Information Technology and Telecom(MoITT) is in the process for release/auction NGMS Spectrum in 1800 MHz and 2100 MHz to enhance the capacity of mobile broadband services in the country. Secretary IT Sohail Rajput was addressing through video link the GSMA Roundtable in Barcelona, Spain on Tuesday. He said that under the visionary leadership of Prime Minister Imran Khan, Pakistan has re-energized its digital transformation journey with the launch of Digital Pakistan that aims to enhance…
Rupee Reverses Losses With Big Gains Against All Major Currencies
Today, the Pakistani Rupee (PKR) turned its direction in the interbank currency market once again and posted notable gains against the US Dollar (USD). The rupee had opened the week with a deterioration of nearly 60 paisas, but reversed some of its losses by posting gains of 47 paisas today (Tuesday, 29 June). ALSO READ Rupee Restarts Losing Streak Against the US Dollar With Another Big Dip It posted an improvement against the USD today, breaching the Rs. 158 mark to close below it this time at Rs. 157.74 against the USD as compared to Rs. 158.21 yesterday (Monday, 28 June).…
Summer Vacations Announced for Schools in Punjab and KP
Punjab’s Education Minister, Dr. Murad Raas, has announced summer vacations for schools across the province. According to details, summer vacations in all public and private schools all over Punjab will remain in effect from 1 July to 1 August. ALSO READ Summer Vacations Announced for Islamabad’s Schools Speaking to the media, Dr. Murad said this was done to facilitate students struggling to come to school due to the extreme summer heat. He requested the students and their families to follow COVID-19 SOPs during the vacations to keep the Coronavirus under control. Previously, Dr. Murad had changed the timings for all…
LESCO Admits Overbilling Its Consumers
The Lahore Electric Supply Company (LESCO) has disclosed overbilling worth millions of rupees, revealing that its customers had been overcharged more than 74 million rupees. According to the details, the LESCO had set up a record of overbilling in order to cover up the stolen units. The overbilling had been identified in its laboratory reports, and the laboratories of LESCO’s M&T Circles had downloaded the data of the electricity meters. ALSO READ CCP to Hire Experts in 12 Fields to Improve Performance Despite discovering evidence of the overbilling of millions of rupees in the downloaded laboratory reports, the consumers’ bills could not…
Face of The “Disappointed” Meme Sarim Akhtar Recounts His Experience
More than two years ago, Pakistan cricket fan, Sarim Akhtar, became an overnight internet sensation as he became the face of the disappointment meme. Sarim’s disappointed face was captured during the 2019 World Cup match between Pakistan and Australia. ALSO READ UK Allows 80% Crowd Capacity for the 3rd Pakistan-England ODI As soon as Pakistan cricketer, Asif Ali, dropped an easy catch at third man of Australian batsman, David Warner, the camera panned to Sarim, standing right behind Asif Ali. His disappointed expressions instantly caught the attention of the internet community and just moments after the incident, the disappointed meme…
SHC Orders Vehicles to Be Fitted With RFID Number Plates
The Sindh High Court (SHC) has rejected a plea seeking withdrawal of an exemption granted by the Sindh government in tenders for state-of-the-art tracking number plates. The SHC, while rejecting the application of a private contractor against granting exemption in the tender, directed the installation of modern tracking number plates on vehicles in Sindh. The reserved verdict was announced by a two-member bench comprising Justice Muhammad Junaid Ghaffar and Justice Rashida Asad on Tuesday. ALSO READ Hundreds of Shenzhen Visa Stickers Stolen From Italian Embassy The high court ruled that all law enforcement agencies should be consulted on modern tracking…
Gilgit Makes Vaccination Certificates Mandatory for Tourists
Gilgit’s district administration has declared COVID-19 vaccination certificates mandatory for tourists seeking to visit the city. While speaking with the media, Assistant Commissioner (AC) Gilgit, Captain (r) Osama Majeed Cheema, said that Coronavirus has once again spread in the city due to non-compliance of the SOPs. ALSO READ Hundreds of Shenzhen Visa Stickers Stolen From Italian Embassy He added that the latest directive will take effect immediately and both local and foreign tourists will have to present vaccination certificates in order to enter the city. Besides, Coronavirus vaccination for hotel owners and staff members within the municipal limits of Gilgit…
The Real Game Changer Narzo 30 Is Here Along With the New Price of Realme C21
Smartphone gaming has gained much popularity in the last few years. With the constantly growing smartphone technology, a huge population of the young generation has turned to online gaming. Considering the increasing demands for the best gaming features, the youth’s favored smartphone brand, realme, has stepped up their game with the launch of their amazing new phone, Narzo 30. Powered by MediaTek’s Helio G95 Gaming Processor, the Narzo 30 offers ceaseless gaming. The Helio G95 Gaming Processor is made using a 12nm process that supports two high-performance Cortex-A76 cores at up to 2.05GHz and six high-efficiency Cortex-A55 cores at up…
NAB Summons a Laborer for Buying 200 Imported Cars
The National Accountability Bureau (NAB) has reportedly charged a laborer from Karachi, Muhammad Akbar, for money laundering. The details of the case against Akbar show that 200 Japanese cars were purchased in his name between 2016 and 2017. The accused was supposed to appear before an accountability panel for an interview scheduled for 24 June but his personal financial circumstances had deterred him from affording traveling expenses. ALSO READ SSGC Proposes Increase in Gas Prices for FY21-22 While speaking to reporters about the NAB’s summons, Muhammad Akbar claimed that he has never traveled to Japan and only works as a…
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