BISP Kafaalat to increase its outreach up to 8m families till June; Shazia Marri

ISLAMABAD:Federal Minister for Poverty Alleviation and Social Safety, Shazia Marri Thursday announced that the Benazir Income Support Program (BISP) Kafaalat would expand its outreach to eight million families till the month of June and then 10 million afterward. “Unfortunately the increased ratio of poverty, inflation and unemployment in the country has led to economic instability […]

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OGDCL posts Rs112.044 bln profit in third quarter of FY 2021-22

ISLAMABAD:Oil and Gas Development Company Limited (OGDCL) on Thursday announced the financial results for the third quarter of the current fiscal year ended on March 31, 2022, posting a profit of Rs 112.044 billion. “Net sales revenue clocked at Rs 240.267 billion translating to profit after tax of Rs 112.044 billion and earnings per share […]

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SECP Regulatory Sandbox fuels regulatory reforms in financial services

ISLAMABAD:The Securities and Exchange Commission of Pakistan (SECP) has published a position paper that shared experiences and learnings from its Regulatory Sandbox project for the benefit of potential participants of the third cohort of Sandbox. The paper also encapsulates the journey of the first cohort participants and details of their testing methodology, performance and learning […]

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Chairman HEC expresses solidarity with Karachi University

ISLAMABAD:Chairman, Higher Education Commission(HEC) has expressed solidarity with the students and staff of the University of Karachi over the terrorist incident at the University’s Confucius Institute. Condoling the loss of valuable lives in the blast that killed four people including Chinese faculty members, in a statement on Thursday, Chairman HEC Tariq Banuri conveyed his profound […]

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Japan congratulates people of Pakistan, Japan for successful of 70 years of bilateral relations

ISLAMABAD:Prime Minister of Japan KISHIDA Fumio has congratulated the people of both Japan and Pakistan for successful completion of 70 years of their bilateral relations. In the message on the occasion of the anniversary of official establishment of Pak, Japan diplomatic relations on April 28, the Japanese Prime Minister conveyed his congratulatory remarks to celebrate […]

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Jazz invests Rs 14.9 Bn during Q1 22, overall investment crosses $10.2 bln

ISLAMABAD:Continuing its focus on driving digital inclusion, Jazz invested Rs 14.9 billion under its ‘4G for all’ ambition during the first quarter of 2022, taking its overall investment in Pakistan to US$10.2 billion. A majority of its capital expenditure during this quarter was on the addition of approximately 500 new 4G sites, reaching population coverage […]

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PM rejects summary of fuel price hike: Marriyum Aurangzeb

ISLAMABAD:Minister of Information and Broadcasting Marriyum Aurangzeb announced on Thursday that Prime Minister Shehbaz Sharif has rejected the summary to increase prices of petroleum products. In a statement, she quoted the Prime Minister as saying that the masses could not be punished for the incompetence, inefficiency and blunders of the previous government. The PM opined […]

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