Dewan Farooque Motors Limited (PSX: DFML) is set to approve the conversion of outstanding loans from Sponsor and Associated Company Dewan Motors (Private) Limited into equity at the extraordinary General Meeting scheduled for August 27, 2024. Key Details of the Conversion The conversion will involve issuing new shares to the Sponsor and Associated Company under … Read more
The National Aeronautics and Space Administration (NASA) has announced that its CubeSat Launch Initiative (CSLI) is now open for proposals for new missions planned between 2026 and 2029. What are CubeSats? CubeSats are small, low-cost spacecraft used by schools, non-profits, and NASA centers to access space. They come in standard sizes like 1U, 3U, and … Read more
The registration process for the ‘Maryam ki Dastak’ project has started, following the direction of Punjab Chief Minister Maryam Nawaz. Chief Minister Maryam Nawaz announced that the project will be extended to all districts, increasing the number of available services from 10 to 65. “People will get services at their doorstep, and it will also … Read more
The Punjab government has announced an increase in the annual token tax for vehicles, effective from July 1st, as part of the new budget. New Tax Policy The updated policy states that the annual token tax will now be determined by the invoice value of the vehicle instead of its engine capacity. Here are the … Read more
Lahore, Pakistan – Speaking at the Punjab Assembly in Lahore, Chief Minister Maryam Nawaz announced the distribution date for electric bikes. The government will begin distributing e-bikes starting July 10. During her address, CM Maryam Nawaz highlighted the accomplishments of her government’s first 100 days in office. She proudly shared that the provincial government had … Read more
Saad Hashmani has made a surprising announcement that has stirred social media: “If Ali Sheikhani buys K-Electric, I will buy PIA and start a free airline.” This bold statement was shared on Hashmani’s social profile after Pakistani-American businessman Ali Sheikhani expressed interest in purchasing K-Electric. Hashmani’s comment quickly gained attention, sparking widespread discussion online. Saad … Read more
Ali Sheikhani, a Pakistani-American businessman, has expressed his desire to buy K-Electric. But why does he want to do this? Let’s find out. Who is Ali Sheikhani? Ali Sheikhani is an entrepreneur of Pakistani descent who lives in Houston, Texas. He is the chairman of the Sheikhani Group of Companies. The Sheikhani Group was founded … Read more
The federal government of Pakistan has introduced pension reforms to reduce financial expenses. These changes follow a 15% increase in pensions for government employees announced in the Budget FY25. Pension Reforms 2024 Notification The Pension Reforms 2024 Notification outlines several revision to manage the increasing burden on the national budget. These changes include new rules … Read more
The United Arab Emirates has announced updated visa fees for Pakistani nationals, aiming to streamline the entry process for tourists and visitors. Starting in June 2024, the revised fees are designed to enhance the ease of visiting the UAE. UAE New Visa Fees for Pakistan Additional Charges: For applicants already in the UAE who wish … Read more
Ashura, the significant day in the Islamic calendar that commemorates the bravery and sacrifice of Prophet Muhammad’s (PBUH) grandson, Hazrat Imam Hussain (RA), and his companions, is set to be observed with deep respect across Pakistan. This year dates for Ashura are likely to be on July 16 and 17, falling on a Tuesday and … Read more