Punjab Govt to Set Up a New Administrative Division of Lahore

A new administrative division of Lahore will be set up in the coming weeks, Chief Minister Punjab, Sardar Usman Buzdar, announced on Wednesday. While addressing the Punjab Assembly, CM Punjab said the decision to divide Lahore on administrative grounds has been taken to improve the provision of civic amenities in the provincial capital. ALSO READ Balochistan Govt to Provide Monthly Stipends to Special Persons CM Punjab also addressed the reservations of the opposition that the government has been ignoring Lahore and only focusing on the development of South Punjab. He clarified that the provincial government allocated Rs. 86 billion for…

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Finnish Fund for Industrial Cooperation Ltd Shows Interest in Equity Investment in TPL Insurance

TPL Insurance Limited (a subsidiary of TPL Corp Limited) announced that the Finnish Fund for Industrial Cooperation Ltd, a Private Limited Company incorporated in Finland, (“Finnfund”), has entered into a Letter of Intent, with TPL Insurance. Upon completion of successful legal and financial due diligence and obtaining all regulatory approvals, Finnfund will look to invest in TPL Insurance. ALSO READ KP Drafts a New Bill to Make Health Card Scheme Permanent A notification submitted by TPL to the Pakistan Stock Exchange (PSX) on Thursday (1 July) notified it of this development. Finnish Fund is a major development financier and impact investor…

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Women Entrepreneurs in E-commerce Help Bridging the Gender Gap in Pakistan

Despite great strides in recent years, gender parity remains an elusive goal globally. According to the World Economic Forum’s Global Gender Gap Report 2021, “Another generation of women will have to wait for gender parity…as the impact of the COVID-19 pandemic continues to be felt, closing the global gender gap has increased by a generation from 99.5 years to 135.6 years.” Gender disparity, or the gender gap, is the difference between women and men as reflected in social, political, intellectual, cultural, or economic attainments or attitudes. While Pakistan comes within the lower end of the Global Gender Gap rankings, at…

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Imran Khan Orders to Build an International Stadium in Islamabad

Prime Minister Imran Khan has instructed Chairman Pakistan Cricket Board (PCB), Ehsan Mani, to construct a state-of-the-art cricket stadium in the nation’s capital, Islamabad. According to details, the stadium will include a high-performance center and all the latest facilities to accommodate the players and staff. The stadium is rumored to be the largest cricket stadium in the country and will host domestic and international matches. ALSO READ Pakistan-England ODI at Lord’s to be Played in Front of a Full House PM Imran believes that building a state-of-the-art stadium in Islamabad will help in reviving the identity of Pakistan all over…

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Top 5 Locations to Buy a House Under Rs. 1 Crore in Sialkot

Sialkot, an industrial hub, contributes around 10 percent to Pakistan’s total exports. In World Cup 2014, footballs used were made by a Sialkot-based company named Forward Sports. Sialkot is also one of the leading manufacturers of surgical instruments. Due to its advanced economic activity and well-developed infrastructure, it has become an excellent choice among Pakistanis looking to invest in property.  Graana.com brings you the top 5 locations to buy a house under Rs. 1 crore in Sialkot:  Citi Housing Citi Housing is ideally located on Sialkot Road. It is a well-gated society with an intricately developed road network, placing it…

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Balochistan Govt to Provide Monthly Stipends to Special Persons

The government of Balochistan is planning to start a special funding program, KUMAK, worth Rs. 2 billion in the fiscal year 2021-22 for specially-abled persons to provide them with sustainable and respectable livelihood opportunities. The provincial government will provide a monthly stipend to Persons with Disabilities (PWDs) and give them an opportunity and support so that they can become productive part of society. ALSO READ SBP Unveils Policy of Financial Inclusion for Persons with Disabilities An official of the Balochistan government said, “It is our responsibility to create a healthy environment for special people living in rural and urban areas…

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KP Issues New COVID-19 SOPs

The Government of Khyber Pakhtunkhwa (KP) has issued new COVID-19 SOPs after a decline in the number of cases in the province. These SOPS are effective from today (1 July). According to a notification by the provincial government, all commercial activities, establishments, and markets in KP are to be closed by 10 PM. However, it exempts medical services, pharmacies, medical stores, vaccination centers, tandoor, dairy shops, hotels, e-commerce, utility services, petrol pumps, and agricultural machinery shops/workshops from this curfew. Additionally, all types of commercial activities, establishments, and markets will be completely closed for one day a week. All types of…

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DRAP Issues Authorization for Moderna COVID-19 Vaccine

Drug Regulatory Authority of Pakistan (DRAP) has granted Emergency Use Authorization (EUA) to the COVID-19 vaccine developed by Moderna. The development comes after the US President, Joe Biden, announced to provide 2.5 million doses of Moderna’s COVID-19 vaccine to Pakistan. ALSO READ Pakistan Had its Highest Ever Exports in FY 2021: Razak Dawood Moderna’s COVID-19 vaccine is the seventh that has been approved by DRAP for use across the country. So far, DRAP has approved three Chinese vaccines developed by Sinopharm, Cansino, and Sinovac. Russia’s Sputnik V, AstraZeneca’s AZD1222, and Pfizer’s BNT162b2 are the other three approved by DRAP. Moderna’s…

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Pakistan’s Oil Sales Rose by 18% YoY in FY2021

Pakistan’s oil sales increased by 18 percent year over year in FY2021 and registered at 19.4 million tons, according to a research report by the brokerage house Topline Securities. This shows a sharp recovery from last year when the oil sales had dipped by 12 percent due to the pandemic-induced lockdowns. ALSO READ Petrol and Fuel Sales Reach All-Time High in Pakistan The sales of Motor Spirit (MS) showed a 12 percent increase to 8.2 million tons that was driven by recovering economy and rising sales of cars and bikes. The sales of High Speed Diesel (HSD) showed 16 percent…

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Peshawar Airport Gives Touching Gift to Retiring Employee

A retiring employee by the name of Jafar was made the honorary manager of the Bacha Khan International Airport, Peshawar, for a day as a retirement gift from the Civil Aviation Authority (CAA). Speaking to reporters, the CEO of Bacha Khan International Airport Obaid Ur Rehman Abbasi praised Jafar’s infallible service, saying that he had never failed to carry out his duties. Furthermore, Jafar had never received a show-cause notice, nor had he had a report filed against him for unethical practices. ALSO READ Flights Cancelations by Foreign Airlines Irk Passengers Jafar, an employee of the CAA in Peshawar, retired…

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