Who said kids aren’t interested in movies anymore? According to the National Association of Movie Theater Owners’ new report, “The Power of Theatrical Movie Watching,” Generation Z remains passionate about movies: Among 10- to 24-year-olds, going to a movie on the weekend was the No. 1 favorite activity, Regardless. Of time and money. The report … Read more
IslamabadAs 2024 draws to a close, China and Pakistan continue to strengthen the successful partnership aimed at enhancing Pakistan’s renewable energy capacity. The two countries are cooperating on several solar projects, primarily under the China-Pakistan Economic Corridor (CPEC). Over the past year, China and Pakistan have strengthened public-private cooperation to finance and develop renewable energy … Read more
Islamabad: Pakistan’s telecommunications industry faced significant setbacks in foreign direct investment (FDI), contributions to the national exchequer, and overall investments during fiscal year 2023-2024, highlighting the broader economic challenges facing the country. According to the annual report released by the Pakistan Telecommunication Authority (PTA) on Monday, foreign direct investment in the sector fell by 21% … Read more
Islamabad: Startups that participated in the first season of Shark Tank Pakistan are reportedly under investigation by the Federal Board of Revenue (FBR) over potential tax discrepancies. This news came to light through a LinkedIn post written by Ahmed Raouf Issa, CEO of Telemart, who revealed that several startups from the show have received tax … Read more
The World Bank Board of Executive Directors is preparing to approve the second Karachi Water and Sanitation Services Improvement Project (KWSSIP-2) on Thursday. According to a $240 million report by Business Recorder, the project aims to provide safe water and sanitation services in Karachi while improving the financial and operational performance of the Karachi Water … Read more
Asian banks, including those in Pakistan, must balance financial inclusion goals, consumer empowerment and financial literacy initiatives, according to the latest scorecard issued by Fair Finance Asia (FFA). Titled scorecard Empowering consumers as drivers of sustainability in the financial sector in Asiameasures the policies of 15 banks across Pakistan, Cambodia, Indonesia, the Philippines, and Thailand … Read more
Pakistani banks are adding new fees on some savings accounts to discourage deposit inflows, as they seek to boost their loan-to-deposit ratio to avoid a punitive tax from the government. Meezan Bank Limited, the country’s largest bank by profit, said in an email to its customers that it would impose a 5% monthly fee on … Read more
NEW DELHI: India’s Tata Electronics has agreed to buy a majority stake in Taiwanese company Pegatron’s only iPhone factory in India, forming a new joint venture that strengthens Tata’s position as a supplier to Apple. Reuters Reported, citing sources. Under the deal announced internally last week, Tata will own 60% and run day-to-day operations under … Read more
India 202 for 8 (Samson 107) beaten South Africa 141 (Chakravarthy 3-25, Bishnoi 3-28) by 61 runs Sanju Samson hit his second consecutive T20I century, in just his fourth match, and shattered South African records and hopes at Kingsmead. His T20I was the fastest hundred by an Indian against South Africa and will be remembered … Read more
England 329 for 5 (Livingstone 124*, Salt 59, Bethell 55, Curran 52, Forde 3-48) beaten West Indies 328 for 6 (Hope 117, Carty 71, Rutherford 54) by five wickets In the battle of the captaincy centuries, there was a clear winner. Liam Livingstone’s devastating 124, not out from 85 balls, outshone Shai Hope’s much calmer … Read more