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Karachi: Deputy Governor of the State Bank, Saleem Ullah during his address at the 2nd National Islamic Economic Forum condemned interest-based loans as a form of oppression, emphasizing the need for a rapid shift towards Islamic banking in Pakistan. The forum, held in collaboration with Saylani Welfare International Trust and Darul Uloom Memon at a …
Continue reading “Saylani determined effort to wage war against the interest-based banking system”
Karachi: Adeel Siddiqui, Coordinator of Businessmen Panel Progressive (BMPP), attributed the clean sweep in the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) elections to the pivotal role played by the Chambers of Commerce & Industry of Sindh, supported by the Associations. He highlighted that the successful candidates achieved a significant margin, securing over …
Continue reading “FPCCI Elections: BMP Progressive has emerged as a powerful in business Community.”
Due to quality issue of kinnow, the export of kinnow worth USD 22 million from Pakistan is in jeopardy, Season’s span of 5 months has shrunk to 1.5 months, 50% Kinnow processing plants have shut down, Significant drop in exports’ orders, a big question mark on Rs.300 billion invested in the Kinnow processing plants & …
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Karachi: The United Business Group (UBG) and Businessmen Panel Progressive (BMP) emerged victorious in the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) elections for the term 2024-25, with a majority of their nominated candidates succeeding in various key positions. Unofficial results, disclosed late Saturday night, revealed a sweeping success for UBG and BMP …
Continue reading “UBG Secures Resounding Victory in FPCCI Elections for 2024-25 Term”
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is set to conduct its elections today for the term of 2024-25, featuring a keen competition between two major groups, the Businessmen Panel (BMP) led by Anjum Nisar and the alliance of Businessmen Panel (Progressing) with United Business Group (UBG) led by Iftikhar Ali Malik and …
Continue reading “FPCCI Election Showdown: UBG vs. BMP for President”
In a historic triumph, Pakistan’s Hamza Khan secured victory over Egypt’s Mohamed Zakaria in the World Junior Squash Championship held in Melbourne. This remarkable win marked the end of Pakistan’s nearly four-decade-long trophy drought in the championship. Hamza’s exceptional performance led Pakistan back to the world squash podium, as he emerged victorious with a 3-1 …
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Google explores AI tools to support journalists and enhance their productivity. Experts are considering “Genesis,” for assisting journalists with headlines and writing styles. Executives have expressed skepticism about the tool’s potential impact on the journalistic process. Google is delving into the use of artificial intelligence (AI) tools for writing news articles. This is to enhance …
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In a significant move towards digital transformation, the National Bank of Pakistan (NBP) has entered into an agreement with the National Radio Telecommunication Corporation (NRTC) for the procurement of Thin Client PCs. This collaboration aims to equip NBP branches and ATM hotlines with advanced technology, ensuring better customer service and operational efficiency. The agreement, facilitated …
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In a tribute to its rich history and contributions to the nation’s economy, the State Bank of Pakistan (SBP) has unveiled a new Rs. 75 banknote, marking the central bank’s 75th anniversary since its establishment. The commemorative banknote was revealed by Governor SBP, Jameel Ahmad, during an inaugural ceremony held on Tuesday. The newly issued …
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The Hajj 1444 came to a close as vast crowds of robed pilgrims gathered in Saudi Arabia. Hundreds of thousands of Muslim pilgrims in Mina took part in the “stoning of the devil” ritual, pelting three concrete structures representing Satan before proceeding to Makkah for the final tawaf. In the scorching Saudi Arabian heat, the …
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Islamabad: The Pakistan Army has taken decisive action against its officers following the May 9 riots, resulting in the dismissal of three officers, including a Lieutenant General. The Director General of the Inter-Services Public Relations (ISPR), Maj-Gen Ahmad Sharif Chaudhry, revealed that disciplinary proceedings have also been completed against three major generals and seven brigadiers. …
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In a devastating update, the operator of the Titan submersible, OceanGate, has declared that the five passengers on board the vessel are now believed to be dead This heart-wrenching announcement comes after debris was discovered in the search area, leading to fears of a tragic outcome. OceanGate expressed its deepest condolences, stating, “Our hearts are …
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US Coast Guard finds Titanic debris, evaluation in progress. Critical search stage for missing submersible near Titanic. Multi-national efforts to locate missing submersible. The urgent search for a missing submersible near the Titanic wreckage has reached a critical stage, with only a limited air supply remaining for the five individuals on board. Despite this dire …
Continue reading “Debris Field Discovered Near Titanic, says US Coast Guard”
Islamabad: Prime Minister Shehbaz Sharif presided over a significant meeting today in Islamabad to discuss the recent tragic incident involving a boat capsizing near Greece in the Mediterranean. The purpose of the meeting was to address the issue of human smuggling and to ensure swift action against those responsible for the boat tragedy. Attended by …
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Dr. Irfan Aziz, the General Secretary of the faculty organization at the Federal Urdu University, Abdul Haq Campus Karachi, has expressed concern that the students of the university will be deprived of the Prime Minister’s Youth Laptop Scheme. He stated that the administration had set the deadline of June 20 for submitting applications for the …
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Finance Minister Ishaq Dar announced in a televised address that the federal government has decided to keep fuel prices unchanged for the upcoming fortnight. This decision was made in consideration of international rates, despite slight increases in global crude oil and gas prices in recent days. Fuel Prices Ishaq Dar emphasized that the government had …
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The cyclone “Biparjoy” has gained strength and is rapidly advancing towards the coastal regions. As of 1900 hrs PST, the cyclone was positioned near Latitude 21.9°N and Longitude 66.3°E, approximately 370km south-southwest of Karachi and 290km south-southwest of Keti Bandar. With maximum sustained surface winds of 150-160 Km/hour and gusts reaching 180 Km/hour around its …
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Artificial Intelligence (AI) has created amazing artworks that are captivating the internet. Artists are bringing their ideas to life in a whole new way. Previously, AI-generated images portrayed the world’s wealthiest individuals as fitness enthusiasts. Now, an artist has depicted Twitter CEO Elon Musk as a “desi groom.” The Sydney-based artist, known as Rolling Canvas …
Rights activist Jibran Nasir has been abducted in Karachi, according to his Mansha Pasha. She said his husband went missing on Thursday night. She also added that around 15 heavily armed men in multiple vehicles forcefully took Nasir away. Pasha continued that Nasir has gone missing since the incident happened near their residence in Karachi’s …
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Lahore: Parvez Elahi, the President of the Pakistan Tehreek-e-Insaf (PTI) party, was apprehended by anti-corruption officials. According to sources anti-corruption personnel took him into custody outside his residence in Lahore on Thursday. Sources confirmed that anti-corruption personnel stopped PTI President’s car near Zahoor Elahi’s house in Lahore’s Gulberg area. A spokesperson for Elahi confirmed the …
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KARACHI (Commerce Reporter) – In a historic move, Pakistani rupee has gained strength against the dollar. This comes after the State Bank of Pakistan (SBP) introduced new measures. These measures allow foreign exchange dealers to purchase dollars from the Interbank market for credit card payments. As a result, the pressure on the dollar in the …
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Larkana, Sindh: Office bearers of the World Memon Organization Pakistan Chapter (WMOPC) paid their respects to the Bhutto family. They visited the Garhi KhudaBaksh shrine in Larkana during their visit to the Flood Rehabilitation Project in Sindh. In a solemn act of offering Fatiha, WMOPC visited the graves of the esteemed Bhutto family members. The delegation …
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Fans of the famous Pakistani drama Tere Bin are voicing their dissatisfaction with the recent events in the storyline. In the latest episode aired on Geo TV, viewers witnessed Meerab leaving Murtasim’s home following a forced or accidental consummation of their marriage. However, rather than returning to her parent’s house in Karachi, Meerab mysteriously disappeared …
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