Tech and Telecom

The International Non-Governmental Organizations (INGOs) shall not be eligible to be registered with the SECP (Commission) as “not-for-profit association” (NPO) in accordance with the Policy of the Federal Government for regulation of (INGOs) in Pakistan. The SECP has proposed amendments in the Companies Regulations, 2024 through a notification issued on Friday. Under the proposed amendments, an International Non-Governmental Organizations (INGO) shall not be eligible to be registered with the Commission under section 42 of the Companies Act in accordance with the Policy of the Federal Government for regulation of (INGOs) in Pakistan. The post SECP Proposes Amendment to Bar INGOs to Register…

Federal Minister for Industries, Production & National Food Security Rana Tanveer Hussain has said that the government will import 200,000 metric tons of urea to ensure an uninterrupted supply of urea to the farmers. The minister was chairing a high-level committee meeting to review actions taken to ensure the fertilizer supply chain and prices in the country. During the meeting, detailed discussions were held on measures taken regarding the supply chain of fertilizers and their prices. Hussain emphasized the importance of ensuring urea supply during the upcoming sowing season and informed that 200,000 metric tons of urea is being imported…

Two income tax officials have reportedly quarreled with each other over the matter of a tax refund worth millions of rupees of a company. Sources said that the IRS officials posted at the Large Taxpayer office and Regional Tax Office Lahore quarreled with each other over the matter of tax refund of a company. Sources further said that the exchange of words reached to extent that one officer pulled a gun on another officer in the office, however, others intervened to resolve the matter between the two officers. The company in question had asked the Federal Board of Revenue (FBR)…

Federal Minister for Finance and Revenue Muhammad Aurangzeb held a meeting with the representatives from Pakistan Association of Large Steel Producers (PALSP), Pakistan Steel Melters Association (PSMA), and Pakistan Steel Re-Rolling Mills Association (PSRMA), and Pakistan Steel Pipelines Association (PSPA) at Finance Division today The delegation presented an overview of the steel industry’s performance, alongside potential strategies to enhance its growth. Emphasizing the importance of fostering a conducive environment for industry expansion, they proposed adjustments to tax and custom duties. Furthermore, the delegation advocated for the organized sector’s encouragement and stressed the necessity of integrating all producers and sellers into…

Federal Minister for Energy Awais Ahmad Khan Leghari Thursday said loadshedding would continue on the loss-making feeders. Addressing a press conference in Islamabad, the minister directed the power distribution companies to improve their overall performance and minimize loadshedding duration. The minister further said that the management of power distribution companies will be replaced with competent personnel. The minister termed the high-loss feeders, technical faults, and electricity theft as major reasons for loadshedding. He however added that the system is being revamped gradually to overcome loadshedding. He said there is a shortfall of 4,232 megawatts and high loss feeders are not…

The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell by $63 million on a weekly basis according to data issued by the central bank on Thursday. On May 24, the foreign currency reserves held by the SBP were recorded at $9.094 billion, down $63 million compared to $9.157 billion on May 17. Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $14.315 billion, down $270 million over the previous week. The net reserves held by banks stood at $5.222 billion, registering a decrease of…

Women’s hockey is set to get a major boost in Pakistan as the country’s first-ever hockey academy in an educational institution was inaugurated at Viqar-Un-Nissa Post Graduate College for Women Rawalpindi on Thursday. Member of National Assembly (MNA) Hanif Abbasi, who was the chief guest, inaugurated the academy. Besides others, MNA Daniyal Chaudhry, Olympian Khawaja Junaid, Political Secretary British High Commission Cormic Dreelan, Group Head Allied Bank Faisal Ghauri, Principal Viqar-Un-Nissa College Zahida Parveen attended the inauguration ceremony. “The ultramodern astroturf turf, which presently costs around Rs 35 million, was imported during the PML-N government’s last tenure, but unfortunately this…

Former West Indies cricketer and renowned commentator Ian Bishop has made bold predictions for the upcoming T20I World Cup next month that will be co-hosted by the West Indies and the USA. The 56-year-old named the semifinalists included the West Indies, England, India, and Australia while highlighting the recent form of these teams. Bishop’s predictions also extended to individual performances, where he predicted that Virat Kohli’s record for the most runs in a single T20I World Cup would be surpassed. Kohli set this record in the 2014 tournament, amassing 319 runs with four fifties to his name. The prospect of…

Star Australia off-spinner Nathan Lyon has made a bold prediction regarding the upcoming T20 World Cup 2024, backing Pakistan to reach the final alongside Australia. The renowned Aussie spinner believes Pakistan’s combination of quality spinners and explosive batters will make them formidable contenders in the tournament, which is set to begin on June 1 in the USA and West Indies. In a recent video, the 36-year-old Lyon shared his thoughts on the potential finalists of the ninth edition of the T20 World Cup. “For the T20 finals team, Australia obviously because I’m quite biased towards them. I think it will…

Rumors suggest that the PlayStation 5 Pro has been prepared for launch since last year, but its release might have been postponed to synchronize with major game releases, as per Moore’s Law is Dead.  The YouTuber commented on Sony’s upcoming mid-generation console refresh in the latest episode of the Broken Silicon podcast. He suggested that at one stage, the console might not have seen the light of day. Nonetheless, development persisted, and the system’s final hardware was finished and primed for release last year. ARVE Error: src mismatch provider: youtube url: https://youtu.be/fqUn_Jdo1mg src in org: https://www.youtube-nocookie.com/embed/fqUn_Jdo1mg?feature=oembed&modestbranding=0&showinfo=0&rel=0&autoplay=1 src in mod: https://www.youtube-nocookie.com/embed/fqUn_Jdo1mg?modestbranding=0&showinfo=0&rel=0&autoplay=1 src…