Tech and Telecom

The price of gold in Pakistan remained unchanged on Monday in line with the trend in the international market. According to data issued by the Karachi Sarafa Association, the price of gold (24 carats) stood at Rs. 240,300, while the price of 10 grams was Rs. 206,019. The Sarafa Association once again said that the price of gold has been kept under cost by Rs. 3,000 due to the reduction in purchasing power of the buyers. Last week, gold prices remained largely flat with minor fluctuations in price on a day-to-day basis. Gold ended the week up Rs. 300 per…

The Federal Board of Revenue (FBR) has disclosed that the Federal Tax Ombudsman (FTO), Federal Investigation Agency (FIA), National Accountability Bureau (NAB), and Prime Minister’s Complaint Portal have a constant check on FBR employees to curb corrupt practices among tax officials. This has been mentioned in a report titled ‘Findings and Recommendations of Committee for Effective Enforcement of section 170A” submitted to the Islamabad High Court. The FBR further endorsed that there is zero tolerance for employees who are found to be involved in such malpractices and corruption. According to the report, the FBR fosters a culture of transparency and…

According to a recent government notice, heatwave conditions across Pakistan are expected to subside this week. The Meteorological Department has forecast dust-thunderstorm rain in the upper regions of the country from June 4 to June 7. The Met Office reported that a shallow westerly wave is likely to enter the upper and central parts of the country on Tuesday evening or night and may persist for the following three days. Under the influence of this weather system, various regions will experience varied weather phenomena. Gilgit-Baltistan and Kashmir Rain with wind and thunderstorms is anticipated in multiple areas, including Diamir, Astore,…

Mohammedan Sporting Club has recently earned a promotion from the second tier of Indian football to the Indian Super League (ISL) and is reportedly in talks with Bollywood superstar  Shahrukh Khan who is interested in the ownership of the Kolkata-based club. The club was founded in 1891 and has a history of 133 years making it one of the oldest and most prestigious clubs in India but now it can become a global brand if the club’s talks with Bollywood’s global superstar become successful. Shahrukh Khan who owns Kolkata Knight Riders (KKR) in the Indian Premier League has always shown…

Senior Provincial Minister Mariyum Aurangzeb has announced that preparations have been finalized to enforce a ban on the production, distribution, and sale of illegal plastic bags from June 5. A campaign has been initiated to inform people of the harmful effects of using plastic, which can lead to deadly diseases. Plastic is associated with cancer and other serious health conditions, contributing to pollution and posing severe health risks. The senior minister announced that a crackdown against factories producing illegal plastic products will commence from June 5. She added that several notices have been issued in this regard. Hotels, restaurants, and…

The Punjab Food Authority (PFA) conducted a major crackdown on food safety violations on Lahore Jaranwala Road, seizing a vehicle loaded with 800 kilograms of dead chickens. The operation, which took place late on Monday night, resulted in the arrest of three suspects and the filing of criminal charges against them. According to the PFA spokesperson, the authority had received a tip-off about a suspicious vehicle transporting potentially hazardous poultry. Acting on this information, a team of PFA officials set up a checkpoint on Lahore Jaranwala Road. At approximately 11 PM, they intercepted the vehicle in question. Upon inspection, the…

Shareholders of Crescent Cotton Mills Limited (PSX: CCM) have allowed the company to dispose and sell its property located in Kasur district, the textile company informed the main bourse on Monday. Shareholders have approved the sale of the company’s assets, including land, buildings, machinery, vehicles, and other equipment located at 46 Km, Lahore Multan Road, Chak # 66, Dina Nath, Tehsil Pattoki, District Kasur. The filing revealed that the board of directors has been further authorized to delegate its powers to the CEO, Director, or others to carry out the sale, negotiate with potential buyers, and ensure that the best…

AMD has announced the latest generation of its Ryzen desktop CPUs, the Zen 5 Ryzen 9000 lineup that features up to 16 cores and significant upgrades in terms of IPC gains compared to the Zen 4 family. The Ryzen 9000 series is codenamed Granite Ridge and it is supported on the current and upcoming AM5 platforms but comes with improved I/O and DDR5 support. The new Zen 5 architecture brings a host of improvements to the table such as up to 16% improvement in IPC compared to Zen 4 as well as improved L2 and L3 cache structuring. The Ryzen…

P&G Pakistan today announced the appointment of Ovais Yousuf as its new Chief Executive Officer effective June 1, 2024. Ovais is an experienced business leader who has worked with P&G for close to 16 years in various roles across Asia, the Middle East, Europe, and Africa. Most recently, Ovais was a Commercial Leader, based out of Karachi, overseeing the successful launch of the Baby & Fem Care Startup Project and Fabric Care in Pakistan. Speaking at the occasion, Ovais said: “I’m excited to lead P&G’s business in Pakistan. We have grown manifolds in the last three decades, with brands that…

In a landmark development, the University of Oxford has agreed to offer scholarships to students from Balochistan under the Benazir Scholarship Program, as reported by 24NewsHD TV channel. An agreement was signed between Oxford University and the Government of Balochistan to facilitate this initiative. Sarfraz Ahmed Bugti attended the signing ceremony of the scholarship agreement between the Oxford Pakistan Program and the University of Oxford for students from Balochistan. Speaking at the event, Bugti emphasized that the scholarship will bridge the educational gap and promote higher education. Mir Sarfraz Bugti is the first Chief Minister of Balochistan to address Oxford’s…