Pakistan is grappling with another bout of internet disruptions as undersea cables suffer damage, impacting the country’s connectivity yet again. This recurrence of issues related to undersea cables comes on the heels of a previous internet outage, underscoring the vulnerability of Pakistan’s digital infrastructure to such incidents. The recent damage to undersea cables has resulted…
In a notable development for cricket enthusiasts, a total of 65 Pakistani cricketers have officially registered for the upcoming edition of The Hundred Draft. This surge in registrations showcases the keen interest and enthusiasm among Pakistani players to be part of this exciting tournament. The Hundred, known for its innovative format and high-octane cricket action,…
In a concerning trend, Pakistan’s public debt has witnessed a substantial surge, escalating by Rs 4 trillion within a span of 7 months. This surge is attributed to the ongoing trend of extensive government borrowing, raising questions about the sustainability and management of the country’s overall debt profile. Key Developments: Magnitude of Increase: The staggering…
In a notable development, Pakistan has emerged as the next big opportunity for insurance companies seeking expansion and growth. This recognition underscores the country’s evolving economic landscape, presenting a favorable environment for insurance services to thrive. Key Highlights: Strategic Market Potential: The acknowledgment of Pakistan as the “next big thing” signals the strategic market potential…
In a significant directive, the Prime Minister has instructed the formulation of a comprehensive strategy aimed at cutting government expenditure and modernizing the Federal Board of Revenue (FBR). This move underscores the government’s commitment to fiscal responsibility and enhancing the efficiency of revenue-generating entities. Key Points: Strategic Imperative: The Prime Minister’s directive emphasizes the strategic…
In a recent development, the Federal Board of Revenue (FBR) has dismissed a proposal to impose an 18% sales tax on locally manufactured cars. This decision reflects a strategic stance by the tax authority against introducing a higher tax burden on the domestic automotive industry. Key Points: Taxation Policy: The rejection of an 18% sales…
In a strategic move, both the federal and Punjab governments are gearing up for a major transition to a new pension system, set to be implemented by July. This shift marks a significant reform in the existing pension structure, aiming to enhance efficiency, transparency, and sustainability in the administration of pension schemes for government employees….
In the pursuit of identifying a new leader for the Ministry of Information Technology (IT), three prominent candidates have emerged as front-runners in the race for the coveted ministerial position. This development comes as the government seeks to appoint a capable and visionary individual to spearhead the ministerial position a crucial component in driving technological…
In an inspiring keynote address at the IBA Leaders Connect event, Mr. Hussain Dawood – Chairman, of Engro Corporation and Dawood Hercules Corporation, emphasized the importance of human development based on the values of Character and Good Manners (CGM). “We’re Pakistanis, and we’re going to fight for our country. And the way to do it,…
In a significant development, the Prime Minister has given directives to initiate the process of contacting the International Monetary Fund (IMF) with the aim of securing a more substantial bailout package. This strategic move underscores the government’s proactive approach to addressing economic challenges and ensuring financial stability. Key Points: Strategic Decision: The decision to approach…
