Samsung is gearing up to redefine the foldable smartphone market with a game-changing lineup slated for 2025. With the unveiling of its highly anticipated tri-fold smartphone, Samsung aims to not only challenge Huawei’s Mate XT but also solidify its position as a leader in foldable innovation. The South Korean tech giant plans to launch four…
Finance
The National Electric Power Regulatory Authority (NEPRA) has introduced a groundbreaking proposal to offer electricity consumers the option to pay their bills in multiple installments throughout the year. This move seeks to alleviate financial pressure on consumers while ensuring the financial stability of distribution companies (DISCOs). Proposed Amendments for Consumer Relief As part of…
The Federal Tax Ombudsman (FTO), under the leadership of Dr. Asif Mahmood Jah, has released its Annual Report 2024, marking a record-breaking year in taxpayer grievance resolution. The report, presented to President Asif Ali Zardari, highlights the FTO’s exceptional achievements in addressing complaints against Federal Board of Revenue (FBR) maladministration and facilitating taxpayers across Pakistan.…
The 2025 Annual Meeting of the World Economic Forum (WEF) is taking place from January 20–24 in Davos, Switzerland. Under the theme "Collaboration for the Intelligent Age," this year’s event gathers some of the most influential leaders across the globe to discuss pressing global issues, from geo-economic uncertainty and climate change to advancements in artificial…
The Islamabad Excise and Taxation Department has announced an extension for token tax payments, offering vehicle owners an additional 15 days to meet their obligations. The new deadline, January 31, 2025, aims to accommodate the increasing rush at tax counters and streamline the process for citizens. Strict Measures for Defaulters The department has introduced…
Pakistan is actively engaging with global partners to foster economic growth, strengthen bilateral relations, and explore innovative solutions for sustainable development. From deepening ties with Japan and Hong Kong to focusing on social impact financing, Pakistan is charting a path toward economic resilience and inclusion. Collaboration with Japan: A Strengthened Partnership Federal Minister for…
Prime Minister Shehbaz Sharif’s Strategic Vision for IT Sector Growth Prime Minister Muhammad Shehbaz Sharif has laid out an ambitious roadmap to transform Pakistan’s Information Technology (IT) sector into a global powerhouse, targeting a remarkable $25 billion in IT exports over the next five years. Chairing a series of high-level meetings, the premier emphasized the…
Karachi's Membership Restored in C40 Cities Network Karachi has officially regained its membership in the prestigious C40 Cities Climate Leadership Group, a global network of cities committed to addressing climate change. The announcement came from Mayor Murtaza Wahab on Tuesday, marking a significant milestone for the city after its suspension in 2022. The C40…
In a groundbreaking initiative aimed at accelerating industrial development, the Cabinet Committee on Energy (CCoE), chaired by Prime Minister Shehbaz Sharif, has approved a new power supply system for Special Economic Zones (SEZs) and industrial estates. This landmark decision introduces a uniform electricity tariff and streamlines power management to enhance industrial competitiveness and promote economic…
In December 2024, excitement grew as Google announced its global rollout of Google Wallet, sparking interest across countries, including Pakistan. Known for its robust features—storing payment cards, loyalty cards, boarding passes, event tickets, and enabling contactless NFC transactions—Google Wallet’s launch was expected to redefine Pakistan's digital payment ecosystem. However, recent updates unveiled a surprising twist:…
The Federal Budget 2025-26 is set to be unveiled in the first week of June 2025, as per the latest Budget Call Circular issued by the Finance Division. This critical fiscal document will outline the government's economic strategy, spending priorities, and revenue targets for the next financial year, paving the way for the country's financial…
The Rawalpindi Development Authority (RDA) has intensified its crackdown on illegal and unapproved housing schemes, urging citizens to verify the legal status of societies on its official website www.rda.gop.pk before making any investments. RDA’s Commitment to Protect Public Interest According to Director General (DG) Kinza Murtaza, RDA has taken firm action against violators by…
The Ministry of IT and Telecom’s ambitious E-Office system, designed to transition federal ministries and divisions to a paperless workflow, is reportedly doing more harm than good. Developed by the National Information Technology Board (NITB), the system is riddled with technical flaws that disrupt daily operations and force civil servants to rely on traditional paperwork.…
Billionaire Elon Musk’s satellite-based internet service, Starlink, is inching closer to entering Pakistan, promising transformative connectivity in a country plagued by frequent internet outages. Progress on Starlink’s Entry into Pakistan Elon Musk confirmed via the social media platform X (formerly Twitter) that Starlink has applied for approval to operate in Pakistan. “We are waiting…
D.M. Textile Mills Limited (PSX: DMTX) has announced a strategic decision to shift its principal line of business from textiles to real estate. The company’s Board of Directors and shareholders have approved this transition, with the process now under review by the Securities & Exchange Commission of Pakistan (SECP) and the Company Registration Office (CRO)…
The federal government has officially shelved plans to privatize the Pakistan National Shipping Corporation (PNSC) through a public offering. This decision stems from PNSC's strategic importance to national security, economic stability, and its critical role in the maritime sector. Established under the Pakistan National Shipping Corporation Ordinance 1979, PNSC is a key state-owned enterprise…
Xiaomi has once again redefined the smartphone market with the launch of the Redmi Turbo 4. Packed with cutting-edge technology, this device features a brand-new MediaTek chipset and a powerful battery designed to keep up with the demands of modern users. With its impressive specifications and innovative features, the Redmi Turbo 4 stands out as…
China has unveiled the CR450 high-speed train prototype, setting new global benchmarks in speed, efficiency, and innovation. The CR450 achieved a record test speed of 450 km/h (280 mph) and is expected to operate at 400 km/h in commercial service. This revolutionary development surpasses its predecessor, the CR400, which has dominated high-speed rail travel since…
The Competition Commission of Pakistan (CCP) and the Public Procurement Regulatory Authority (PPRA) have taken a significant step toward enhancing transparency, accountability, and fairness in public procurement processes by signing an addendum to their existing Memorandum of Understanding (MoU). This partnership focuses on utilizing the E-Pak Acquisition and Disposal System (e-PADS) to detect and prevent…
ISLAMABAD: The Pakistan Bureau of Statistics (PBS) has launched the much-anticipated 7th Agricultural Census 2024, a groundbreaking initiative designed to leverage advanced digital tools for data collection. The census aims to address critical issues of food security, sustainable farming, and agricultural resilience by providing evidence-based insights for policy formulation. Key Highlights: Nationwide Operations The…