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At a CDWP meeting presided over by the Deputy Chairman Planning Commission, Mohammad Jehanzeb Khan, 15 development projects worth a cumulative cost of Rs. 38.24 billion were cleared. The Deputy Chairman further recommended five projects worth Rs. 117.50 billion to the Executive Committee of the National Economic Council (ECNEC) for further consideration. Senior officials from Planning Commission and Federal Ministries/Divisions also participated in the meeting while representatives from Provincial Governments participated through video link. ALSO READ Pakistan Took Out $10.195 Billion Foreign Debt From July 2020 – April 2021 Projects related to Transport & Communications, Education, Energy, Environment, Governance, Health,…

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Panasonic has launched an updated model to the Lumix GH5 camera with a revised set of specifications and other upgrades. The new Lumix GH5 II is now officially available in some markets and the company has also teased the upcoming GH6 camera. ALSO READ Panasonic Launches The Rugged TOUGHBOOK S1 Thanks to a new Venus Engine processor, the Lumix GH5 2 is now capable of recording 4K 60 FPS videos in 10 bit, up from 8 bit on the base GH5. It can also output the same video quality to an external recorder. The new processor allows for better autofocusing…

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Veteran all-rounder, Shoaib Malik, and fast bowler, Mohammad Amir, will be taking part in this year’s Caribbean Premier League (CPL). Malik was picked up by Guyana Amazon Warriors, while Amir will represent Barbados Tridents in the T20 tournament. ALSO READ ICC Pays Tribute to the ‘Master of Googly’ Shahid Afridi Malik was part of the Guyana squad in 2018 and 2019, captaining the side in both seasons. While Malik has captained the side every time he has played for them, he will be playing under the captaincy of exciting West Indian batsman, Nicholas Pooran, this season. South African spinner, Imran…

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Fitch Ratings has assigned Pakistan’s Water and Power Development Authority’s (WAPDA, B-/Stable) proposed US dollar senior unsecured notes a rating of ‘B-‘. The rating agency stated that the proceeds of the proposed notes will be used to finance or refinance eligible green projects. The proposed notes will be the direct, unconditional, unsubordinated, and unsecured obligations of the issuer, and will rank pari passu with its present and future unsubordinated and unsecured obligations. ALSO READ FBR Orders Officials to Stop Harassing Business Community The positive rating action on the WAPDA’s issuer default rating will result in a similar rating action on…

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Apple is reportedly working on new models for the M1 MacBook Pro lineup which are rumored to release soon. A new report from notable tipster Jon Prosser now claims that we might get to see these new MacBooks as early as June this year. ALSO READ Apple is Making a PSP Competitor: Leak The Cupertino giant is ready to release new models with a revamped design, likely in two different sizes – 14″ and 16″. The tipster claims that these new models will go official at the upcoming WWDC event on 7th June. It is unclear whether these will be powered by…

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The Civil Aviation Authority (CAA) is reportedly investigating a couple for public display of affection on an Islamabad-bound AirBlue flight from Karachi. The CAA was also informed that despite repeated requests from fellow passengers, the couple refused to stop. When an air hostess intervened, the couple simply refused to comply, and retorted, “Who are you to tell us anything?” ALSO READ Customs Recover Smuggled Goods Worth Rs. 8 Million News about the incident onboard the AirBlue carrier spread like wildfire on social media, and netizens raged against the CAA. a man hitting his wife on an airblue flight would have…

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Pakistan incurred a foreign debt of $10.195 billion from multiple financing sources during July-April of 2020-21, including $3.246 billion from foreign commercial banks (32 percent) against the total budgeted external loans of $12.233 billion for the entire fiscal year 2020-21. The Economic Affairs Division (EAD) data released on Tuesday shows that in April 2021, the country received $2.782 billion external inflows from multiple financing sources, including $126.33 million from foreign commercial banks and $2.5 billion from issuance of bonds. In the corresponding period (July-April) of the fiscal year 2019-20, the external inflows were $7.381 billion, which was around (56 percent)…

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The Federal Board of Revenue (FBR) has taken serious notice of the ongoing harassment of the business community and has ordered its field formations to immediately stop making illegal cases about the concealment of income or misdeclarations against the taxpayers disguised as ‘audits’ or ‘definite information’. The FBR’s instructions to the field offices revealed the harassment of the business community to which notices have been issued without the completion of the legal requirements under the Income Tax Ordinance, 2001. ALSO READ National Bank of Pakistan Becomes Market Maker for Govt Listed Securities on PSX In most cases, the Inland Revenue…

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