In the initial six months (July-December) of the fiscal year 2023-24, the Federal Government has authorized the expenditure of Rs 305.957 billion from a total allocation of Rs 940 billion for various ongoing and new social sector uplift projects undertaken by federal ministries and divisions. This decision, falling under the Public Sector Development Programme (PSDP),…
The federal government is gearing up to implement a new adjustment in electricity rates, potentially resulting in a significant hike of Rs.5.62 per unit, placing an additional burden on the public. Insiders familiar with the matter revealed that the Central Power Purchasing Agency (CPPA) has formally approached the National Electric Power Regulatory Authority (NEPRA), seeking…
In Karachi, on Tuesday, January 16, 2024, the exchange rate for one US Dollar in the local and open market was documented at Rs 280, with a selling rate of Rs 282. It’s important to note that exchange rates may differ depending on the location and the specific Exchange Company or bank facilitating the transaction….
Israeli tanks and aircraft conducted strikes in southern and central Gaza on Sunday, marking the 100th day since the October 7 assault led by Hamas gunmen. Fierce gun battles erupted in various areas, with communications and internet services remaining disrupted for the third consecutive day. This has posed significant challenges for emergency and ambulance crews…
.In Karachi, on Monday, January 15, 2024, the exchange rate for one US Dollar against Pakistani Rupees stood at Rs 280 in both the local and open markets, with a selling rate of Rs 282. Keep in mind that exchange rates may differ depending on the location and the entity handling the transaction. Below are…
The Benazir Income Support Programme (BISP) has issued a cautionary advisory to the public regarding deceptive messages disseminated through various channels, including social media and mobile phone numbers, purporting to be associated with its initiatives. In an official statement clarifying the matter, BISP emphasized, “All legitimate messages from BISP are exclusively dispatched from the number…
In a significant market development, Microsoft has secured its position as the world’s most valuable company, outpacing tech giant Apple. The latest data from LSEG reveals that Microsoft’s market capitalization reached an all-time high of $2.887 trillion, while Apple lagged slightly behind at $2.875 trillion, as reported in a filing on Thursday. This shift in…
In Karachi, the exchange rate for one US Dollar against Pakistani Rupees stood at Rs 280 in both the local and open market, with a selling rate of Rs 282 on Saturday, January 13, 2024. It’s important to note that exchange rates can fluctuate based on the specific location and the entity facilitating the exchange,…
The price of 24-karat gold per tola experienced a noteworthy rise, an increase of Rs.200 to reach Rs.216,500 on Friday. This surge marked a notable increase compared to its last traded value of Rs.216,300. Simultaneously, the cost of 10 grams of 24-karat gold witnessed a rise of Rs.172, reaching Rs.185,614 from its previous rate of…
On the 99th day of the conflict, Israel continued its relentless assault on Gaza, exacerbating the already dire humanitarian situation in the Palestinian territory. A telecommunications blackout further intensified the challenges faced by the people of Gaza. Concerns about the conflict escalated heightened after US and British forces targeted pro-Hamas Houthi rebels in Yemen in…