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A parliamentary panel on Wednesday expressed dissatisfaction over delay in the process of completion of socio-economic projects under the Chinese grant of $1 billion. The 36th (in-camera) meeting of the Parliamentary Committee on China-Pakistan Economic Corridor (CPEC) was held under the Chairmanship of MNA Sher Ali Arbab. The Committee was briefed by Additional Secretary, Ministry of Planning, Development & Special Initiatives, Secretary, Board of Investment, Secretary, M/o Communications, Member (IR), FBR, Senior Joint Secretary, M/o Commerce, regarding waiver of taxes on industries as per model extended to the construction sector and updated progress on Axle Load Policy. The Committee, while…

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The Pakistani Rupee (PKR) has continued its downward trajectory for the third day in a row as it went down by Rs. 40 paisas against the US Dollar (USD). ALSO READ Rupee Posts Massive Losses Against All Major Currencies The PKR closed at Rs. 154.78 to the USD at the end of the trading day today (Wednesday, 26 May), as compared to Rs. 154.37 to the USD on Tuesday (25 May). The GDP projections that have been making headlines might have signaled a position of strength for the PKR in the international currency market, but today’s movements turned out to…

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Multan Sultans captain, Mohammad Rizwan, believes that Multan has a golden chance of moving to the play-offs as they possess the strongest spin attack out of all the Pakistan Super League (PSL) franchises. ALSO READ Amir and Malik Picked in the Caribbean Premier League Rizwan lauded the young leg-spinner, Usman Qadir, and the veteran South African spinner, Imran Tahir, and said that the duo would be lethal on a spin-friendly track at Abu Dhabi. The flamboyant wicket-keeper said that the pitches at Abu Dhabi are very similar to those at Karachi, and it would be difficult for the batsmen to…

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The Economic Coordination Committee (ECC) of the Cabinet approved the launch of the second phase of the Ehsaas Emergency Cash Program, as the second phase entails increasing the number of the regular Ehsaas Kafalat beneficiaries to eight million by June 2021 through the ongoing National Socio-economic Registry Survey (NSER). The Federal Minister for Finance and Revenue, Shaukat Tarin, virtually chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet today at the Cabinet Division. ALSO READ Pakistan Gets $25 Billion Investment Under CPEC All the beneficiaries of the program will be provided a six-monthly tranche (January-June 2021) of…

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Finance Ministry has assured of reducing advance income tax on mobile phone users from 12.5 percent ​​to 10 percent in the upcoming budget for 2021-22, said Federal Minister for IT and Telecommunication Syed Amin Ul Haque. Federal Minister for IT and Telecommunication, Syed Amin ul Haque, laid the foundation stone of Information Technology Park Chak Shahzad, Islamabad. The park would be built with an estimated cost of Rs. 13.70 billion in 28 months. The groundbreaking ceremony of Islamabad IT Park was held here on Wednesday. Ambassador of the Republic of Korea Suh Sangpyo was also present at the occasion. Addressing…

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Bangladesh has climbed to the top of the ICC World Cup Super League after winning the second ODI against Sri Lanka on Tuesday. Bangladesh has registered five victories in eight matches, moving to the top of the table with 50 points to their name. ALSO READ ICC Pays Tribute to the ‘Master of Googly’ Shahid Afridi Bangladesh will have a chance to extend their lead as they face a young Sri Lankan side in the third ODI, scheduled to be played on Friday. Bangladesh has already won the series, winning the first two matches, and will have a chance of…

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Top Afghan bowler Rashid Khan will be playing the remainder of the sixth edition of the Pakistan Super League (PSL) in Abu Dhabi, as confirmed by the management of Lahore Qalandars. The Chief Operations Officer (COO) of the team, Sameen Rana, expressed his delight for Khan’s confirmation for his team and remarked that he looks forward to Lahore Qalandars sweeping the floor in the remaining PSL 6 matches with the players that they have at their disposal. ALSO READ Amir and Malik Picked in the Caribbean Premier League Discussing his confirmation for the upcoming PSL 6 matches scheduled for Abu…

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Crypto streets across the Asian trading block have entered another void of mainstream uncertainty after the Islamic Republic of Iran officially banned mining of Bitcoin and other cryptocurrencies for the next 4 months. As per the statement released via state TV news by the Office of the Iranian President, Hassan Rouhani, a nationwide ban on crypto mining is now active amid government concerns over high levels of energy consumption and fears of blackouts over the summer season. With all things said, the ban will be lifted on 22nd September 2021, reported Bloomberg Crypto. ALSO READ Bitcoin Investors Still In Profit…

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Last year, Google announced that it had finalized a deal to build a major new cloud-computing center called Google Cloud regions in Saudi Arabia. The company believes that this step will allow businesses there to “confidently grow and scale their offerings in this market.” The company has already Google Cloud regions in the US, Indonesia, and South Korea. In the second phase, along with Saudia Arabia, the search engine giant plans to open them in Spain, France, Italy, and Qatar. However, as far as the Arab country is concerned, human rights campaigners are not happy with Google’s decision. In a…

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The Redmi Note 10 5G is now official in Pakistan as one of the cheapest 5G phones on the planet. It’s not simply just a 5G version of the Redmi Note 10 we have seen before, but there are a number of other differences onboard. Let’s have a look. ALSO READ Redmi Note 8 2021 to Launch With Helio G85 and 22.5W Fast Charging Design and Display The Note 10 5G brings a slightly bigger 6.5-inch display, but this time it’s an LCD panel with a 90Hz refresh rate. It still has 1080p resolution and a centered punch hole camera…

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