Govt Announces Ashura Holidays

The federal government has announced two holidays for the upcoming 9th and 10th Muharram-ul-Haram. According to a pre-decided public holidays calendar issued by the Ministry of Interior, 18 and 19 August will be observed as public holidays in connection with Ashura. ALSO READ PM Imran Inaugurates New NADRA Offices & Multipurpose Mobile Apps Meanwhile, the government of Sindh has informed religious groups to adhere to the COVID-19 standard operating procedures (SOPs) during the Muharram processions, making it mandatory to wear face masks, follow social distancing, and use sanitizers. According to the notification, only the Zakirs who have received at least…

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Herschelle Gibbs Disappointed At BCCI’s Threats on Participation in KPL

Former South African batsman, Herschelle Gibbs, expressed his disappointment at being threatened by the Board of Control for Cricket in India (BCCI) over participation in the Kashmir Premier League (KPL). Gibbs said that it is ‘sad and disappointing’ that BCCI decided to go down the route and involve politics in the sport. ALSO READ Asif Ali Joins St Kitts & Nevis Patriots for CPL 2021 “It was a little sad in a lot of ways because I have worked lots of times in India and have a lot of friends there. For them to want to step in and interfere…

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PM Imran Inaugurates New NADRA Offices & Multipurpose Mobile Apps

Earlier today, Prime Minister (PM) Imran Khan inaugurated 66 new offices of the National Database and Registration Authority (NADRA) in an official ceremony. He also unveiled numerous NADRA-supervised mobile applications for the certified issuance of alien identity cards and work permits for foreigners, including a platform for the verification of COVID-19 vaccination certificates. Prior to these developments, 90 new mobile registration vans for catering to the masses at the tehsil level had been inaugurated by the PM as per his directives for the supervision and deployment of such initiatives. ALSO READ 8.4 Million Farms to Get Direct Subsidy through Kisan…

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Daraz Scoops Top Honors in E-mall and CSR Categories at Retail Asia Awards 2021

Pakistani e-commerce giant, Daraz, has won big at the Retail Asia Awards 2021, bagging awards in ‘E-Mall of the Year’ and ‘CSR Initiative of the Year’ categories. The Retail Asia Awards 2021 honors the innovations and accomplishments of enterprises in the past 24 months. Daraz received the ‘E-mall of the Year’ award for its focus on developing a premium and secure channel, DarazMall, for high-quality products and services. Since its inception in 2019, DarazMall has been a major catalyst for e-commerce growth in Pakistan, Sri Lanka, Bangladesh, Myanmar, and Nepal. During the peak of the pandemic in 2020, DarazMall provided…

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Pakistani Students Plant Over 50,000 Saplings in 40 Seconds to Break India’s Record

Students in Gujranwala created a world record on Thursday by planting 52,040 saplings in 40 seconds under Prime Minister Imran Khan’s Clean Green Ten Billion Tree Tsunami program. Over 12,500 students, teachers, and civil society members participated in the activity to surpass the record of planting 37,000 saplings in one minute set by India. The plantation drive was carried out along the 14-kilometer greenbelt of GT Road passing through Gujranwala city. Special Assistant to the Prime Minister (SAPM) on climate change, Malik Amin Aslam, said that Gujranwala has made it to the Guinness Book of World Records by planting over…

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Pakistani Company Exports Another Big Shipment of Mobile Phones to Middle East

Inovi Telecom, a Karachi-based smartphone manufacturer, has exported another 5,500 smartphones from Pakistan to the Middle East. This is Inovi’s second consignment consisting of smartphones manufactured in Pakistan that has left the country in a space of few weeks. ALSO READ Huawei Sued for Using US Company to Spy on Pakistan Using Safe City Project Earlier in March this year, Inovi Telecom inaugurated its state-of-the-art mobile phone assembling and manufacturing plant in Karachi. The company aims not only to provide employment opportunities to Pakistani citizens but to also export locally manufactured smartphones worldwide, which will eventually benefit the national economy.…

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Pakistan Army Aviation’s Aircraft Crashes Near Jhelum

Two Pakistan Army personnel received minor injuries after a Mushshak aircraft, belonging to Army Aviation, crash-landed in Chammala village near Jhelum on Thursday. The two-seater aircraft flew from Nakodar Airbase at 8:41 am on a routine training mission and crashed in the nearby village at 8:45 am. Both pilots ejected safely before the crash. ALSO READ 2 Companies Allegedly Involved in Rs. 6 Billion Mega Tax Fraud Jhelum police Sub-Inspector, Ahsen Butt, said that Captain Ahmed Shah and Captain Daniyal received minor injuries upon landing. They were given first aid after being rescued. This is the second such incident within a…

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SBP Reserves Fall by $223 Million in One Week

The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $223 million during the week that ended on 6 August 2021. The reserves had been recorded at $17.623 billion for the week as compared to $17.846 billion on 30 July 2021. The SBP has made external debt repayments and payments for the procurement of the COVID-19 vaccine amounting to $245 million during the last week. Coupled with other official inflows, these costs showed a decline of $223 million in the reserves. ALSO READ Forex Reserves Fall by $22 Million in One Week A breakdown of the reserves…

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Assets Under Mutual Funds Grew 64.3%, Crossing Rs. 1 Trillion Mark in FY21

The assets managed by the mutual fund companies in the country crossed the value of Rs.1 trillion in the outgoing fiscal year for the first time in history. According to the data released by the Mutual Funds Association of Pakistan (MUFAP), the assets under management (AUMs) have grown at an annualized rate of 15.7 percent over the last decade. Assets Under Management (AUM) of Pakistan’s Mutual Funds Industry have crossed PKR 1trn for the first time. AUMs have grown at a CAGR of 15.7% during the last 10 years.@Pakstockexgltd @StateBank_Pak#KSE100 #PSX #MUFAP #Equities #MSCI #EM #Pakistan pic.twitter.com/TD2lL1LSke — Arif Habib…

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Huawei Sued for Using US Company to Spy on Pakistan Using Safe City Project

Business Efficiency Solutions (BES) LLC, a California-based company, has moved to California Federal Court against Huawei for stealing its trade secrets during a collaborative project for the Pakistani government and spying on Pakistani police and law enforcement agencies. In a petition lodged by Akin Gump Strauss Hauer and Feld LLP, a leading global law firm, BES, contended that the Chinese tech giant used its technology to create a “backdoor” to collect sensitive data that was important to Pakistan’s national security. ALSO READ 2 Companies Allegedly Involved in Rs. 6 Billion Mega Tax Fraud For the unversed, a backdoor means a…

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