July 3, 2023 - News Feed

Aztiq and Innobic Announce Pricing of Secondary Sale of Lotus Common Stock by AEMH

Posted July 3, 2023 by Web Desk

LONDON and BANGKOK, Thailand, July 03, 2023 (GLOBE NEWSWIRE) — Aztiq Pharma Partners (“Aztiq”), a private equity company focused on the life sciences sector, and Innobic (Asia) Company Limited (“Innobic”), the life science arm of Thai oil and gas conglomerate PTT Public Company Limited (“PTT”) (collectively, “the shareholders”), today announced…

Four Security Members Killed In Check Post Attacks In SW Pakistan

Posted July 3, 2023 by Web Desk

Three policemen and a paramilitary trooper were killed, in simultaneous attacks on two check posts in Pakistan’s south-west Balochistan province yesterday, the chief minister of Balochistan confirmed.In a statement, Chief Minister, Mir Abdul Quddus Bizenjo, condemned the incidents, in which terrorists hurled hand grenades and sprayed bullets at the check…

Will IMF deal end Pakistan’s economic misery?

Posted July 3, 2023 by Web Desk

Irfan Ali, a 22-year-old resident of Rawalpindi, has been struggling to make ends meet over the past year.Pakistan's grave economic crisis has resulted in massive layoffs during this period and Ali, who was working for a real estate firm, also lost his job.He's managed to find work at a ride-hailing…

Govt Grants Extension in Exemption of Taxes to Erstwhile Tribal Areas

Posted July 3, 2023 by Web Desk

The government has granted a one-year extension in exemption from duties and taxes for the erstwhile tribal areas up to June 30, 2024, under Finance Act 2023.A senior FBR official clarified that the exemption has not been withdrawn through any amendment in Finance Bill 2023. This exemption was valid up…

IT Ministry Asks PTA to Block 19 More Websites in Pakistan

Posted July 3, 2023 by Web Desk

The Ministry of Information Technology and Telecommunication (MoITT) has intensified its efforts to combat the persistent issue of fake accounts and negative propaganda on social media platforms.In a recent development, the Ministry has identified an additional 19 websites that have been actively involved in spreading negative propaganda. These websites were…

NRL Shuts Down Hydrogen Production Unit for 6 Weeks

Posted July 3, 2023 by Web Desk

National Refinery Limited (PSX: NRL) has closed its Hydrogen Production Unit for 6 weeks due to unscheduled maintenance, the company informed the Pakistan Stock Exchange on Monday.“It is to inform that due to unscheduled maintenance work on Hydrogen Production Unit (HPU), the unit has been shut down for a period…

Stocks Resume Trading, PSX Rallying 2,400 Points Higher [Updated]

Posted July 3, 2023 by Web Desk

The Pakistan Stock Exchange (PSX) halted trade after an abnormal rally after a few minutes of the week’s first trading session in reaction to Pakistan’s staff-level agreement with the International Monetary Fund (IMF) last week.After opening trade at 43,583.78 points, the market had an abnormal upswing, with the benchmark KSE-100…

Pakistan’s Inflation Drops Under 30% for First Time Since January 2023

Posted July 3, 2023 by Web Desk

Pakistan’s Consumer Price Index (CPI) based inflation slowed down to 29.4 percent on a year-on-year (YoY) basis in June 2023 compared to an increase of 38 percent in the previous month and 21.3 percent in June 2022, says the Pakistan Bureau of Statistics (PBS).According to Topline Securities, this is attributed…

A Pictorial Journey of Pakistani Toyota Corolla as It Turns 10 Years Old

Posted July 3, 2023 by Web Desk

The 11th-generation Toyota Corolla has turned 10 years old in Pakistan today, as pointed out by AutoXfinity.Toyota Indus Motor Company (IMC) launched the 11th generation Corolla in Pakistan in July 2014. Since then, it has gone through two facelifts — one in 2016 and one in 2020 (the Corolla X).11th…

AIOU Announces Admissions Schedule for Autumn 2023

Posted July 3, 2023 by Web Desk

Allama Iqbal Open University (AIOU) has unveiled the admissions schedule for the Autumn 2023 semester. The first phase of admissions is set to commence on July 15th, while the second phase will kick off on September 1st, spanning across the entire country.As per reports, In the initial phase, applications will…

World’s Top University Renames Library After Pakistani Nobel Laureate Dr. Abdus Salam

Posted July 3, 2023 by Web Desk

Imperial College London has recently made a remarkable decision to honor the Pakistani Nobel laureate and physicist, Professor Abdus Salam, by naming its Central Library after him.This announcement reflects the university’s commitment to acknowledging individuals and historical figures associated with their institution.The decision was made following a comprehensive report by…

1st Hajj flight carrying 113 pilgrims landed at Faisalabad

Posted July 3, 2023 by Web Desk

First Hajj flight carrying one hundred thirteen pilgrims from Saudi Arabia landed at Faisalabad International Airport on Sunday night.About thirty-five hundred pilgrims would land at Faisalabad Airport through twenty-two Hajj flights.Source: Radio Pakistan