Tag Archives: Pakistan

Former Pakistan Cricketer Yasir Arafat Named South Africa’s Bowling Consultant In a surprising development ahead of the ICC Champions Trophy 2025, former Pakistan cricketer Yasir Arafat has been appointed as South Africa’s bowling consultant for the upcoming tri-nation ODI series featuring hosts Pakistan and New Zealand. Arafat, who represented Pakistan in three Tests, 11 ODIs, and 13 T20Is, arrived in …

Jomel Warrican starred with a remarkable five-wicket haul as the West Indies defeated Pakistan by 120 runs in the second Test match at Multan on Monday, securing their first Test win in Pakistan in nearly 35 years. The victory helped level the series 1-1 after Pakistan triumphed in the first Test by 127 runs. Warrican’s Masterclass Warrican’s superb bowling performance, …

Pakistan has taken a significant leap in climate action by launching Climaventures, a pioneering $50 million initiative aimed at addressing the urgent need for climate resilience. Unveiled in Islamabad, Climaventures is spearheaded by the National Rural Support Programme (NRSP), with a notable $25 million contribution from the Green Climate Fund (GCF). This initiative is specifically designed to bridge critical funding …

Oil Industry Concerns Over Restrictive Pricing The oil industry in Pakistan has raised serious concerns over the restrictive pricing of motor fuels, which has reportedly caused significant financial losses. The Oil Companies Advisory Council (OCAC), representing refineries and oil marketing companies (OMCs), expressed these concerns in a letter to the Oil and Gas Regulatory Authority (OGRA) chairman. The council warned …

Pakistan to Seal $2 Billion Agreements with Saudi Delegation Prime Minister Shehbaz Sharif announced that Pakistan will sign agreements worth $2 billion with an upcoming Saudi delegation. The announcement was made during a federal cabinet meeting on Tuesday. Saudi Delegation’s Visit and Objectives The Saudi delegation, led by Minister for Investment Khalid Bin Abdulaziz Al-Falih, will visit Pakistan from October …

According to SAMAA, With the September 30 deadline fast approaching, the Federal Board of Revenue (FBR) is contemplating an extension for submitting income tax returns due to technical issues affecting its online filing system. The system has experienced a significant slowdown, making it difficult for many taxpayers to complete their submissions. System Delays and Increased Filings As of September 28, …

Payoneer Raises Fees for Pakistani Users: A Setback for Freelancers In a significant move, Payoneer, a widely used online money transfer platform, has increased its transaction fees for users in Pakistan. This decision has raised concerns, particularly among freelancers who rely on Payoneer for receiving payments from international clients. As of October 20, 2024, Payoneer will be charging a 3% …

Weekly Inflation in Pakistan Falls for Fourth Straight Week Pakistan’s inflation has shown a much-needed downward trend for the fourth consecutive week, offering slight relief to consumers. According to data released by the Pakistan Bureau of Statistics (PBS), the Sensitive Price Index (SPI)-based inflation for the week ending September 5, 2024, dropped by 0.15%. This decline marks a continued easing …

Pakistan International Airlines (PIA), the national flag carrier, has announced a significant pay raise for its daily waged employees. This move is intended to boost employee morale and enhance productivity. Details of the Pay Raise Effective from July 1, 2024, the daily wages for PIA’s employees have been increased by Rs 5,000. This adjustment brings the new monthly salary to …

In a recent meeting of the Senate Standing Committee on Finance, it was revealed that Pakistani citizens have forgotten about Rs97 billion lying dormant in their bank accounts. This significant sum is spread across 10.4 million temporarily closed accounts in various banks throughout the country. Dormant Accounts and Forgotten Funds The meeting, chaired by Senator Saleem Mandviwala, highlighted that these …