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Showing posts from March, 2025

Philip Morris Pakistan to Delist from Stock Market

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  Philip Morris Pakistan, a leading tobacco company in the country, has announced its decision to delist from the Pakistan Stock Exchange (PSX). The decision comes as part of the company's restructuring strategy, allowing it to focus more on its business operations without the pressure of public trading. Delisting means that Philip Morris Pakistan’s shares will no longer be available for trade on the stock market, and it will operate as a private company. The company has explained that its business model and financial structure are better suited for a private setup rather than a publicly listed one. Over the years, Philip Morris Pakistan has faced challenges in the stock market, including fluctuating share prices and strict regulatory requirements. By delisting, the company aims to streamline its operations and reduce costs associated with maintaining a public listing. For shareholders, this move means that they will have to sell their shares back to the company or find buyers p...

Abu Dhabi: Afghanistan Cricket’s New Strategic Home

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  Afghanistan's national cricket team has found a new home in Abu Dhabi, marking an important step in their journey. This decision comes as part of a long-term agreement between the Afghanistan Cricket Board (ACB) and the Emirates Cricket Board (ECB). The deal allows Afghanistan to host international matches and training camps in the UAE, providing them with world-class facilities and stability. This partnership is significant for Afghanistan, as they have faced challenges in hosting matches in their own country due to security and infrastructure issues. Abu Dhabi offers them a safe and well-equipped environment to play against top teams. It also ensures that their players get consistent exposure to international cricket, which is crucial for their growth and development. For the UAE, this collaboration strengthens its position as a global cricket hub. The country has hosted many international tournaments, including the IPL and T20 World Cup. By welcoming Afghanistan’s team, th...

Sindh Government Declares April 4, 2025, a Public Holiday

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  The Sindh government has announced that April 4, 2025, will be a public holiday across the province. This decision is made to mark the death anniversary of former Prime Minister Zulfikar Ali Bhutto, one of Pakistan’s most influential leaders. The holiday will be observed in government offices, schools, and other public institutions. Zulfikar Ali Bhutto was the founder of the Pakistan People’s Party (PPP) and played a key role in shaping the country’s political landscape. He introduced important reforms in various sectors, including the economy, education, and foreign policy. His leadership and vision continue to be remembered by many Pakistanis. Every year, his death anniversary is observed with ceremonies and gatherings, especially in Sindh, where he had a strong support base. People visit his mausoleum in Garhi Khuda Bakhsh to pay tribute and remember his contributions to Pakistan. The holiday allows people to take part in these events and reflect on his legacy. The Sindh ...

Nishan-e-Pakistan Awarded to Former Prime Minister

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  On March 23, 2025, Pakistan posthumously honored former Prime Minister Zulfikar Ali Bhutto with its highest civilian award, the Nishan-e-Pakistan . This prestigious accolade recognizes individuals who have rendered outstanding services to the country and is a testament to Bhutto's enduring impact on Pakistan's political landscape. Zulfikar Ali Bhutto, born on January 5, 1928, was a charismatic leader who founded the Pakistan People's Party (PPP). He served as the Prime Minister from 1973 to 1977, during which he implemented significant reforms aimed at empowering the masses and promoting social justice. His tenure was marked by efforts to modernize Pakistan and strengthen its sovereignty. The Nishan-e-Pakistan is awarded to individuals who have made exceptional contributions to the country. Instituted in 1973, the award is a symbol of the nation's gratitude and respect for those who have dedicated their lives to Pakistan's progress and prosperity. The decision...

Women's Rights in Pakistan: Progress and Ongoing Challenges

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  Over the years, Pakistan has made notable progress in advancing women's rights . The government has enacted several laws aimed at protecting women from various forms of discrimination and violence. Notable among these are the Domestic Violence (Prevention and Protection) Bill (2009), the Acid Control and Acid Crime Prevention Act (2010), and the Protection Against Harassment of Women in the Workplace Act (2010). These legislative measures signify a commitment to safeguarding women's rights and ensuring their safety in both private and public spheres. In the realm of education, there has been a positive trend with increasing enrollment of girls in schools, leading to improved literacy rates among women. This progress is more evident in urban areas, where educational facilities and awareness are more accessible. However, in rural regions, challenges persist due to cultural beliefs favoring early marriages, limited resources, and inadequate infrastructure, which hinder girls...

Khyber Pakhtunkhwa's Move Towards a Cashless Economy

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  The Khyber Pakhtunkhwa (KP) government has launched the "Cashless Khyber Pakhtunkhwa" initiative, aiming to establish a universal digital payment system across the province. This initiative positions KP as Pakistan's first province to implement such a comprehensive cashless system, reflecting a significant step towards digital transformation. Under this initiative, all businesses, public transport services, and commercial centers in KP will be required to display QR codes to facilitate digital payments. This mandatory adoption of digital transactions is expected to streamline payment processes, benefiting both business owners and the general public by reducing reliance on cash. The implementation of the digital payment system will be carried out in collaboration with mobile companies that provide online payment services. Notably, the system is designed to function in offline modes as well, ensuring accessibility even in areas with limited internet connectivity. To ...

Pakistan and UAE Strengthen Ties with Railway Cooperation Agreement

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In a significant move to bolster bilateral relations, Pakistan and the United Arab Emirates (UAE) have signed five key agreements covering various sectors, including banking, railways , mining, and infrastructural investment. These accords were finalized during the official visit of Abu Dhabi's Crown Prince, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, to Pakistan at the invitation of Prime Minister Shehbaz Sharif. The railway cooperation is particularly noteworthy. Officials from Pakistan Railways and Etihad Rail exchanged Memorandums of Understanding (MoUs) to enhance collaboration in the rail sector. This partnership aims to improve Pakistan's railway infrastructure, potentially leading to more efficient transportation networks and economic growth. Beyond railways, the agreements encompass other vital sectors. For instance, the banking sector agreement seeks to strengthen financial ties between the two nations, facilitating smoother transactions and investments. Similar...

Pakistan Establishes Crypto Council to Embrace Blockchain Technology

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  In a significant move towards digital innovation, Pakistan has officially launched the Pakistan Crypto Council (PCC) to oversee and promote blockchain technology and digital assets within the country. This initiative reflects the government's commitment to integrating emerging technologies into the national financial system, aiming to foster a secure and efficient digital economy. The PCC is chaired by Finance Minister Muhammad Aurangzeb, with Bilal Bin Saqib appointed as the Chief Executive Officer. Saqib brings extensive expertise in blockchain technology, investment strategies, and digital innovations to the council. His leadership is expected to guide Pakistan's efforts in adopting cryptocurrencies as strategic assets while ensuring the development of a robust regulatory framework aligned with global best practices. The council's board comprises key figures, including the Governor of the State Bank of Pakistan, the Chairman of the Securities and Exchange Commissio...

President Zardari's Two-Day Visit to Dubai

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  On March 14, 2025, President Asif Ali Zardari embarked on a two-day official visit to Dubai. This trip was part of his ongoing efforts to strengthen Pakistan's diplomatic and economic ties with the United Arab Emirates (UAE). During his stay, President Zardari engaged in discussions with UAE officials, focusing on enhancing bilateral relations and exploring new avenues for cooperation. In President Zardari's absence, Senate Chairman Syed Yousuf Raza Gilani assumed the role of Acting President, as mandated by the Pakistani Constitution. This provision ensures the continuity of governmental functions whenever the President is abroad or otherwise unable to perform official duties. The Cabinet Secretariat issued a formal notification confirming this temporary transition of power. The visit underscored the importance of Pakistan's relationship with the UAE, a key partner in the Middle East. Both nations have historically enjoyed strong economic and cultural ties, with numer...

Power Eagles: Empowering Entrepreneurs Through Digital Marketing

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  Power Eagles is a dynamic community of ambitious individuals united under the leadership of its founder, Beenish Abubakr. This organization focuses on empowering people, particularly women, to achieve financial independence through digital marketing and entrepreneurial ventures. By offering training and support, Power Eagles enables its members to harness online platforms for business growth and personal development. Beenish Abubakr, a certified nutrition coach and former fashion designer, transitioned into the digital marketing arena with remarkable success. She holds the distinction of being the only Diamond Manager in Pakistan for Forever Living Products, a global health and wellness company. Her journey from fashion design to digital entrepreneurship exemplifies adaptability and resilience, inspiring many to pursue their own paths to financial freedom. Under Beenish's guidance, Power Eagles has cultivated a diverse community that includes professionals from various fields...

Pakistan's Digital Identity Revolution

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  On March 10, 2025, the National Database and Registration Authority (NADRA) marked its 25th anniversary by launching Pakistan's first "dematerialized digital identity card." This innovative step signifies a major advancement in the nation's identity management system, transitioning from traditional physical cards to digital formats accessible via electronic devices. The digital identity card allows citizens to verify their identity and access various services online, reducing the need for physical documentation. This shift is expected to streamline processes in banking, government services, and other sectors, enhancing efficiency and user convenience. NADRA's journey toward digitalization began with the introduction of the Computerized National Identity Card (CNIC) in 2000, followed by the Smart National Identity Card (SNIC) in 2012, which featured a data chip and enhanced security measures. The latest digital identity card builds upon these advancements, re...

Understanding the Decline of the Pakistani Rupee

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  The Pakistani rupee has experienced significant depreciation in recent years, reflecting the country's ongoing economic challenges. Historically, the rupee was pegged to major currencies like the British pound and later the U.S. dollar. However, in 1982, Pakistan adopted a managed float system, allowing the rupee's value to fluctuate based on market conditions. Several factors have contributed to the rupee's decline. Political instability has undermined investor confidence, leading to reduced foreign investment. Additionally, excessive external borrowing has increased the country's debt burden, making it more challenging to stabilize the currency. The global rise in fuel prices, particularly following events like the Russian invasion of Ukraine, has further strained Pakistan's foreign exchange reserves, as the cost of essential imports has surged. The devastating floods of 2022 inflicted approximately $40 billion in economic losses, displacing millions and seve...

UAE’s Commitment to Global Humanitarian Efforts

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The United Arab Emirates (UAE) has established itself as a major contributor to international humanitarian aid, providing support to countries facing crises and disasters. Its commitment to global assistance is evident through various initiatives and partnerships with international organizations. The UAE’s approach focuses on rapid response, long-term aid, and development projects that improve lives worldwide. One of the most significant humanitarian projects is the International Humanitarian City (IHC) in Dubai, founded in 2003. It serves as a key hub for emergency preparedness and disaster relief, hosting multiple United Nations agencies, non-governmental organizations, and aid providers. Its strategic location near major transport networks allows for quick distribution of relief supplies to crisis-affected regions. The UAE’s foreign aid spans various sectors, including healthcare, education, and infrastructure. In Egypt, for example, the UAE has supported economic growth by inve...

President Zardari's Call for National Unity and Democratic Strengthening

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  In his recent address to the joint session of Parliament on April 18, 2024, President Asif Ali Zardari emphasized the urgent need for Pakistan to overcome the deep political divisions that have hindered its progress for years. He highlighted that moving beyond this extreme polarization is essential for the nation's stability and development. The President underscored his commitment to democratic principles by reminding the assembly of his role in restoring the 1973 Constitution. He noted that he had willingly reduced his own presidential powers, ensuring that the Prime Minister now holds full authority as the Chief Executive, as mandated by law. This act, he stated, was a significant achievement for Pakistan's Parliament and a step towards reinforcing democratic governance. Addressing the importance of provincial autonomy, President Zardari highlighted the abolition of the Concurrent List and the transfer of eighteen ministries to the provinces. He emphasized that these me...

Why Can’t Pakistan Bring Dr. Aafia Siddiqui Back?

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  Dr . Aafia Siddiqui’s case has been a topic of discussion in Pakistan for many years. She is a Pakistani neuroscientist who was convicted in the United States on charges of attempting to kill American officials. Many people in Pakistan believe that she was unfairly treated and demand her return. However, despite multiple efforts by Pakistani governments over the years, she remains in a U.S. prison. One major reason Pakistan cannot bring her back is the legal system of the United States. Dr. Aafia was sentenced to 86 years in prison, and U.S. law does not allow easy transfer or release of prisoners with such serious convictions. Even though Pakistan has made several diplomatic efforts, the U.S. has strict policies regarding convicted criminals. Another challenge is the political relationship between Pakistan and the United States. Although both countries have diplomatic ties, the U.S. government has not shown any willingness to negotiate her release. Pakistan has tried to disc...

Unbeaten India vs. Determined New Zealand: Who Will Lift the ICC Champions Trophy?

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  The cricketing world is abuzz as India and New Zealand prepare to face off in the ICC Champions Trophy final at the Dubai International Cricket Stadium on March 9, 2025. India enters the match as favorites, having remained undefeated throughout the tournament, including a notable victory against New Zealand in the group stage. India's journey to the final has been marked by consistent performances. Their batting lineup, led by captain Rohit Sharma and the in-form Virat Kohli, has been formidable. Additionally, spinner Kuldeep Yadav has played a crucial role, particularly on the Dubai pitches, making him a key player in the upcoming final. New Zealand, often considered underdogs, have showcased resilience and skill. Their journey to the final was cemented by a convincing 50-run victory over South Africa in the semi-finals, highlighted by centuries from Kane Williamson and Rachin Ravindra. Williamson's adaptability and technical prowess will be vital against India's spi...

Pakistan and UAE Strengthen Bilateral Ties

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  Pakistan’s Deputy Prime Minister and Foreign Minister, Senator Ishaq Dar, and UAE’s Deputy Prime Minister and Foreign Minister, Sheikh Abdullah bin Zayed Al Nahyan, have reaffirmed their commitment to strengthening cooperation between the two countries. The discussion took place during a phone call, where both leaders expressed their dedication to enhancing partnerships across various sectors. This reflects the strong and long-standing relationship between Pakistan and the UAE. During the call, Sheikh Abdullah bin Zayed Al Nahyan conveyed heartfelt Ramadan greetings to Ishaq Dar, as well as to the leadership and people of Pakistan. Ramadan is a time of unity and goodwill, and such exchanges highlight the close bond between the two nations. In response, Deputy PM Dar also extended warm wishes to the UAE leadership and its citizens, emphasizing Pakistan’s solidarity with the country. Apart from exchanging greetings, the two leaders discussed the recent visit of the UAE Crown Pri...

Pakistan and UAE Reaffirm Commitment to Strengthen Bilateral Ties

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  Pakistan and the United Arab Emirates (UAE) have recently reaffirmed their dedication to enhancing their longstanding bilateral relations across various sectors. This commitment was highlighted during a phone conversation between Pakistan's Deputy Prime Minister and Foreign Minister, Senator Mohammad Ishaq Dar, and UAE's Deputy Prime Minister and Foreign Minister, Sheikh Abdullah bin Zayed Al Nahyan, on March 5, 2025. Both leaders expressed mutual goodwill and discussed avenues to bolster cooperation between the two nations. The UAE has consistently played a pivotal role in supporting Pakistan's economic stability. A notable example is the UAE's financial deposit of $2 billion with the State Bank of Pakistan, underscoring its commitment to aiding Pakistan in overcoming macro-economic challenges. High-level engagements have been instrumental in strengthening the ties between the two countries. In January 2025, UAE President Sheikh Mohamed bin Zayed Al Nahyan visited...

Pakistan's Optimism as IMF Reviews $7 Billion Loan Program

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  Pakistan is currently undergoing its first review of a $7 billion loan program with the International Monetary Fund (IMF), a process that began in early March 2025. This loan, secured in September 2024, aims to stabilize the country's economy and support its recovery efforts. The IMF mission's visit to Islamabad involves evaluating Pakistan's adherence to the agreed-upon fiscal reforms and policies. These discussions are crucial for the disbursement of subsequent loan installments and for ensuring that Pakistan remains on track with its economic stabilization goals. Recent economic indicators in Pakistan have shown positive trends. In February 2025, the annual inflation rate dropped to 1.5%, the lowest in nearly a decade, down from 23.1% in February 2024. This significant decline is attributed to economic stabilization efforts supported by the IMF loan. The Pakistani government remains optimistic about the outcome of the IMF review. A senior official involved in the ...

Pakistan's Recent Fuel Price Reductions: A Relief for Consumers

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  In recent months, Pakistan has witnessed a series of fuel price reductions , offering much-needed relief to consumers amid economic challenges. These adjustments, influenced by global oil market trends and domestic economic policies, have led to consecutive decreases in the prices of petrol and high-speed diesel (HSD). In August 2024, the government announced a significant reduction in fuel prices. Petrol prices were slashed by Rs8.47 per litre, bringing the cost down from Rs269.43 to Rs260.96 per litre. Similarly, the price of HSD was reduced by Rs6.70 per litre, adjusting from Rs272.77 to Rs266.07 per litre. This move aimed to provide substantial relief to the public, especially during the nation's 77th Independence Day celebrations. The trend of decreasing fuel prices continued into September 2024. On September 15, the government further reduced petrol prices by Rs10 per litre, lowering the rate from Rs259.10 to Rs249.10 per litre. HSD saw an even more significant cut of Rs...