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PTCL injects PKR 1 Billion in U-Microfinance Bank

PTCL injects PKR 1 Billion in U-Microfinance Bank

U Bank serves more than 625,000 customers, where 30% of the served customers are women Pakistan Telecommunication Company Limited (PTCL) has injected an additional equity of PKR 1 billion in U Microfinance Bank Ltd. (U Bank), which is a wholly owned subsidiary of PTCL. This capital injection will enable the Bank to further capitalize on the growth opportunities possible in ... Read More »

Pakistan and Saudi Arabia pledges to simplify business visa issuance

Pakistan offered tremendous opportunities in various sectors of the economy, particularly in tourism Pakistan and Kingdom of Saudi Arabia have joined hands to make the easy procedure for business visa issuance besides rationalizing the visa fee on the reciprocal basis. The development came out in the 11th session of the Pakistan-Saudi Arabia Joint Ministerial Commission (JMC), where both countries reiterated the ... Read More »

Pakistani, Chinese scientists to start Joint Oceanographic Expedition in Arabian Sea

Scientists of friends countries studied the geological structure and natural resources embedded near the Makran Trench Pakistan and Chinese scientists have joined hands to conduct the first-ever Joint Oceanographic Expedition at the Arabian Sea along the Makran. Chinese and Pakistani researchers started an ocean-bottom seismograph (OBS) for the first time using Shi Yan 3, a scientific research vessel from the South ... Read More »

Top Jamaatul Ahraar’s commander surrenders to Security Forces

Asad Mansoor, from Hakimullah Mehsud group, belongs to South Waziristan Pakistan Security Forces have achieved a major success as the top terrorist, commander of Tehreek-e-Taliban Pakistan’s (TTP) spokesperson Asad Mansoor, surrendered himself to Pakistan ‘security forces. According to news officials Mansoor who was affiliated with Jamaat ul Ahrar, the splinter group of TTP, surrendered along with two associates before the law ... Read More »

Cellular companies overcharging users but pay less taxes, FBR says

Cellular companies overcharging users but pay less taxes, FBR says

New IT-based mechanism to ensure the effective monitoring of withholding taxes Pakistan’s Federal Board of Revenue (FBR) reveals that Mobile phone operator companies deduct more taxes from users while paying less to the government. According to FBR, cellular firms were overcharging their subscribers and possibly evading taxes as the paid to the government is not proportional to the collected amount, the Senate Standing Committee ... Read More »

Pakistan considers NATO offer to ship Afghan supplies through Gwadar Port

Pakistan has considered the safest and cheapest route to resupply NATO troops Pakistani authorities are considering North Atlantic Treaty Organization – NATO’s offer to use Afghan supplies through Gwadar Port. According to Pakistan authorities, the US-led NATO military coalition in Afghanistan has offered to import vital supplies vital supplies by the southwestern port of Gwadar, contacting it a lot shorter and economically ... Read More »

Interior Ministry releases list of blacklisted organisations, includes JuD

Govt prohibited fundraising as well as social, political, welfare and religious activities on blacklist organization The Govt of Pakistan issued a list of 72 blacklisted organizations including ncluding Hafiz Saeed’sJamaatudDawa (JuD) and its subsidiary Falah-e-Insaniat Foundation (FIF). Accordinf to press release by interior ministry the Ministry of Interior released a press release which had the list of all the 72 ... Read More »

Eventful life of Air Marshal Asghar Khan comes to an end

Eventful life of Air Marshal Asghar Khan comes to an end

Asghar Khan was one of the world’s youngest air force chiefs at 36 The first Muslim commander-in-chief of the Pakistan Air Force (PAF), Air Marshal Asghar Khan passed away at the age of 97 after a prolonged illness in Islamabad. Prime Minister Shahid Khaqan Abbasi with Air Marshal Asghar Khan, Chief of Naval Staff Admiral Zafar Mahmood Abbasi, Chairman of ... Read More »

Pakistan Navy successfully tests Harbah Naval Cruise Missile

Pakistan Navy successfully tests Harbah Naval Cruise Missile

Harbah is a surface to surface missile with land attack capability Pakistan Navy has successfully tested the indigenously built Harbah naval cruise missile in an impressive display of firepower in the North Arabian Sea. “The missile accurately hit its target signifying the impressive capabilities of Harbah Naval Weapon System,” said by the Pakistan Navy statement. Pakistan Navy’s newly commissioned Fast ... Read More »

Khyber Pakh­tunkhwa marked improvement in law and order

A solid decline in target killings in Peshawar and other districts with 22 cases being reported during 2017 The claims of improving Law and Order Department of Khyber Pakh­tunkhwa was one of the basic election slogans of the Pakistan Tehreek -e-Insaf while running the election campaign in 2013. Since PTI formed govt formed in Khyber Pakh­tunkhwa, a clear decline in terrorist attacks has ... Read More »

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