ICT export income in January 2023 rises 2.15 percent to $190 Million.
Information and communication technology ICT export remittances of $ 1.523 billion have been realized by the IT & ITeS Industry during July-January 2023 of the financial year (FY) 2022-23.
Depicting an increase of 2.35 percent in comparison to $ 1.488 billion reported in the same period last year.
This is despite ongoing difficulties with ease of doing business and an increase in the cost of doing business.
The IT & ITeS Industry generated a remarkable trade surplus of $ 1.344 billion (88.25 percent of all ICT export remittances) from July through January of FY23.
An increase of 20.32 percent when compared to a trade surplus of $1.117 billion for the same period in FY22.
The IT sector leads all other service sectors in exports with $1.523 billion (36.3 percent of the total export of services), followed by “Other Business Services” with $942 million.
In total, the services sector ran a $301 billion trade imbalance from July through January of FY23.
IT services, on the other hand, have produced an astounding trade surplus of $1.344 billion, the biggest of all services, with “Other Business Services” coming in second at $267 million.
With a trade surplus of $7.566 billion for the period of July to January FY23, representing an increase of 6.8% as compared to a trade surplus of $7.084 billion.
For the same period in FY22, only the textile group has a greater trade surplus overall than the ICT industry.
The textile group’s total exports from July 2022 to January 2023 of FY23 were $10.330 billion, up 0.16 percent from $10.314 billion for the same time in FY22.
Pakistan to launch National University Public Health, says Dr Shahzad.
The first institution in Pakistan, as per Dr. Shahzad, to offer Ph.D. and master’s in public health (MPH) degrees in six different fields is HSA.
Just 23 people were enrolled when the college was established, since then the amount has risen to 750.
A seven-story building would be constructed on seven acres of land, according to Dr. Shahzad, who also stated that the PC-1 for the HSA building’s construction has been approved.
This year will see the start of the facility’s development
Dr. Shahzad continued by stating that the HSA planned to build institutes for every discipline, akin to the National University of Sciences and Technology (NUST).
In conjunction with the National Command and Operation Centre, the HSA acted on the front lines during the COVID-19 epidemic (NCOC).
28 Ph.D.’s are working by HSA, which Dr. Shahzad claims is the only organization of its kind in the nation. The growth of the Public Health Department, he said, required the HSA.
Tuition fees, donations, money from USAID and HEC, as well as monies from other sources, are some of the funding sources for the HSA.
The HSA offers Ph.D., Master’s, and BSc. programmes for students studying medicine and other fields.
Dr. Shahzad praised the NCOC for its part in slowing the COVID-19 pandemic’s spread in the nation.
Nonetheless, he emphasized the significance of heightened cooperation in order to eradicate polio, hepatitis, cancer, dengue, and other lethal diseases in Pakistan.
Muneeb Butt and Aiman Khan’s home damaged in gas cylinder explosion.
The celebrity pair Aiman Khan and Muneeb Butt is one of the most adored in Pakistan. Their outstanding acting and modelling talents have helped them both succeed in the entertainment sector.
Aiman Khan has chosen to take a break from television shows after being married to Muneeb, and she is now focusing on her family and raising her daughter.
Aiman Khan has branched out into the fashion industry in addition to her acting profession by establishing her own online clothing line, A&M. Also, she routinely promotes different Pakistani companies on her Instagram page.
Speaking of Aiman Khan’s notable performances, the drama series Ishq Tamasha has greatly increased her popularity and critical recognition.
At the recent home of the well-known Pakistani celebrities Aiman Khan and Muneeb Butt, a horrible occurrence occurred. According to reports, their home sustained significant damage as a result of a gas cylinder explosion. On a number of web platforms, footage of the explosion’s aftermath is being shared. The fallen front walls of the house are proof that the explosion caused serious structural damage.
The house has sustained substantial damage, and large sections of the building have collapsed, as shown in the video clip. Fans of Aiman and Muneeb are understandably upset about the situation, and online repair attempts have apparently started.
Even though the pair hasn’t made an official remark about the incident’s specifics, they have been praying for the actors’ and their team’s safety. There is a YouTube video that has been going around that shows the destroyed home. The reports and the video both indicate that construction has already begun. There have been no reported fatalities or injuries.
We ask Allah to protect the cook in every home, Ameen.
FIA may arrest Imran Khan in unlawful funding case with Lahore Police.
Moreover, a group that is four-member been formed for the Imran Khan arrest, while a synopsis is sent to the DG FIA for final approval.
On 2, the Islamabad High Court (IHC) dismissed a petition submitted by Pakistan Tehreek-e-Insaf (PTI) up against the Election Commission of Pakistan’s (ECP) ruling in prohibited capital case february.
It’s important to notice right here that the Investigation Agency had subscribed an incident against the Pakistan Tehreek-e-Insaf (PTI) chief and 10 other individuals over accusations of obtaining financing this is certainly international. The actual situation had been signed up by the FIA Corporate Banking Circle.
The case’s First Information Report (FIR) reported that the accused like the previous premiere violated Foreign Exchange Act and all sorts of of this nominated persons had been beneficiaries associated with the bank-account that is private.
An instance happens to be subscribed against Khan and ten other individuals for presumably obtaining funding this is certainly international breaking the Foreign Exchange Act.
The case was filed in 2014 from a user that is founding of party, who claimed serious financial irregularities in the celebration’s investment. The FIA Corporate Banking Circle registered the total case in 2021.
In 2018, a scrutiny committee ended up being created to examine the celebration’s financing, additionally the report was posted in 2022 after 95 hearings and almost four years january.
The report advertised that the party’s management dedicated gross violations of money guidelines by permitting the number of funds without having any resource and details from foreign people. The party, meanwhile, has actually rejected any wrongdoing.
It is ambiguous the way the complete instance will continue and what effect it will have on Imran Khan and the PTI party’s future.
“Heeramandi” on Netflix, starring Manisha, Sonakshi, Aditi, and Richa.
Famous Indian director Sanjay Leela Bhansali unveiled his visionary project in 2021. The aforementioned Netflix project is modelled around Lahore’s Red Light District. Heeramandi, the new film by Gangubai Kathiawadi director, has already debuted its first image.
The entire cast of the historical drama series has finally been made public by Netflix India after much discussion. Richa Chadha, Sanjeeda Ali, Aditi Rao Hydari, Manisha Koirala, and Sharmin Segal play key roles in the series, which shouts grandeur and opulence—a genre Bhansali has mastered.
The Trailer stated, “Sanjay Leela Bhansali welcomes you to the world where courtesans were queens.” The caption for the cited video stated, “The splendor of Sanjay Leela Bhansali was blended with their astounding talent and grace. Give us a more well-known team, and we’ll wait!”
“Heera Mandi in the Pakistani city of Lahore is a dowager on life support, Located in the walled city”
The director and his Padmaavat costume designers, Rimpal and Harpreet, have once more collaborated on a look that features heavy gold costumes and kundun jewellery. The performers wore black and copper lehenga cholis with antique jewellery in a previous piece.
Prior to the subcontinent’s Partition, the vibrant red-light district of Heeramandi was the subject of stories about courtesans and a hidden cultural reality that is explored in Heeramandi. The film promises to feature Bhansali’s renowned larger-than-life sets, complex characters, and soulful songs. It is about love, treachery, succession, and politics in the kothas.
“Heeramandi represents a significant turning point in my development as a director. This is an enormous, first-of-its-kind series that is inspired by the Lahore courtesans. I am anxious but delighted to create this series since it is ambitious, huge, and all-encompassing. I’m looking forward to working with Netflix and introducing Heeramandi to viewers everywhere “referred to Bhansali.
Anum Fayyaz exits showbiz for Islam; joins actors leaving the world.
For any actor or singer, leaving behind their career and saying goodbye is a hard job but the thriving Pakistani industry’s talented actress Anum Fayyaz documented her journey and made it clear that it is much easier than people would generally assume.
For some people, being part of the showbiz fraternity is a dream, but for others, the grass isn’t that greener on the other side.
While many aspiring artists dream of becoming a star one day, others are leaving behind their accomplishments to achieve something much greater in life.
From her debut in Ahmad Habib Ki Baitiyan and Extras: The Mango People, Fayyaz established herself as a promising young artist who then bagged many iconic roles throughout her career.
Even after tying the knot and giving birth, the Band Khirkiyan star kept essaying different roles, but the 31-year-old actress has been laying low for quite some time, though she kept posting scintillating pictures clad in hijab and/or abaya.
Most recently, Fayyaz shared an Instagram post that surprised many of her fans. The Ishq Ibadat actor’s post read, “This is a difficult message to send since you all have been so supportive of my media career.
I have decided to leave the industry and follow more of an Islamic lifestyle and have taken steps to have my digital presence reflect this lifestyle. I kindly ask you all to keep me in your prayers as I go on this journey. Thank you so much for your never ending love and support.”
Social media users and fans of the former actress have lauded her decision and sent sweet messages to her.
She’s got been images which are sharing wearing a headscarf and has been absent through the displays for quite a while. Anum has now publicly declared that this woman is stopping the activity world to rehearse Islam. On her behalf Instagram, she launched the news.
IMF urges Pakistan to increase tax, distribute subsidies more fairly.
Kristalina Georgieva Talking to DW at the Munich Security Conference, Georgieva stated that her heart is out to the personal people of Pakistan who’ve been devastated by last year’s flooding.
Pakistan is confronting an acute economic crisis and seeking IMF help. The Fund's chief Kristalina Georgieva speaks to DW at the Munich Security Conference. pic.twitter.com/0VLZHlyL2W
She stressed that IMF is asking Pakistan to do something so it needs to take to be able to be a country rather than to get involved with someplace that is dangerous where its debt should be restructured.
Elaborating in the want to enhance tax revenues, she said that people who can and people who’re earning money this is certainly good it the general public industry or personal industry need to play a role in the economy.
She stated it ought to be the poor who benefit from them it shouldn’t be that the wealthy take advantage of the subsidies. She emphasized that the IMF is extremely obvious so it desires the poor folks of Pakistan become shielded.
Inside a remark this is certainly separate Georgieva stated that money collected through the abundant with the form of fees should be allocated to those who need the government’s help. She stated that it is a very compassionate and demand this is certainly reasonable.
She questioned the reason why the abundant with Pakistan should benefit from the subsidies and exactly why rich men and women and businesses should not spend taxes when the country is dealing with such difficulties which can be tremendous.
Biography of Kristalina
Kristalina Ivanova Georgieva-Kinova (Bulgarian Georgieva; produced 13 August 1953) is a economist this is certainly bulgarian as managing director of the International Monetary Fund since 2019. She ended up being the Chief Executive associated with the World Bank Group from 2017 to 2019 and served as Acting President regarding the World Bank Group from 1 2019 to 8 April 2019 following resignation of Jim Yong Kim February. She formerly served as Vice-President of this Commission that is European under Juncker from 2014 to 2016.
Saudi Arabia’s Crown Prince launches 400 meter-tall city ‘The Mukaab’.
Mukaab, Big enough to keep 20 Empire State Buildings, there are hopes the PIF-backed giga-project becomes a brand new worldwide symbol of technology, durability, transportation, and innovation this is certainly Saudia Arabia.
The Mukaab sits in the middle associated with wider New Murabba Development, developed by His Royal Highness Crown Prince Mohammad bin Salman container Abdulaziz, Prime Minister and Chairman of this New Murabba Development Company (NMDC) to carry the project to fruition.
The Riyadh giga-project is scheduled to start in 2030.
"A gateway to another world: #TheMukaab will be the world’s first immersive, experiential destination. Large enough to hold 20 Empire State Buildings."
His Royal Highness Crown Prince Mohammad bin Salman bin Abdulaziz, Prime Minister and Chairman associated with the New Murabba Development Company (NMDC) built the Mukaab at the heart of the bigger New Murabba Development to complete the task.
The “Mukaab” will serve because the hub of New Murabba, the city downtown that it’s new, which will also include a technology- and design-focused university, 104,000 residential products, 9,000 hotel rooms, 980,000 square meters of retail area, 1.4 million square meters of a workplace, 80 venues for enjoyment and cultural development, and 1.8 million square meters of neighborhood facility space.
The task will include a lot more than 104,000 units which can be domestic 9,000 rooms in hotels, and more than 980,000 square meters of retail area, along with 1.4 million square meters of office space, 620,000 square meters of leisure assets, and 1.8 million square meters of space focused on community facilities.
Inside, 2 million square meters of living area for assorted mixed-use programmes is supposed to be stacked inside a biomimetic tower centered under a specific dome using its very own internal transport system which will even feature Halo-style troop transportation vessels plus some variety of big winged dragon animal, based on the video clip this is certainly advertising.
The task will undoubtedly be positioned in the intersection of King Salman and King Khalid roads in Riyadh’s outskirts that are northwestern addressing a place of 19 square kilometers and housing hundreds of thousands of individuals.
Gunmen opened fire at Karachi’s police headquarters on Sharae Faisal.
Police officials said the armed suspects – the total number of which is not known at this time – fired several rounds at the head office at Sharae Faisal adjacent to the Sadar police station.
He said that at least 8-10 terrorists are inside the police office, and the exchange of fire is still going on after more than half an hour.
A rescue worker sustained bullet injuries and was shifted to Jinnah Postgraduate Medical Centre, hospital sources confirmed. It is known that the condition of the person who was hit by two bullets is out of danger.
As the police try to defeat the terrorists, Rangers have been called in and the roads leading to the police officers have been closed to traffic to ensure the safety of the citizens.
‘unacceptable’
Chief Minister Sindh Murad Ali Shah, taking notice of the attack on the Additional Inspector General’s office, directed several DIGs to send the police force to the scene.
“The attack on the Karachi police office is not acceptable under any circumstances,” he said, seeking an immediate initial report from the officer concerned.
The Chief Minister said that he is personally monitoring the situation and has directed the concerned authorities to arrest the accused involved.
Sindh Governor Kamran Tesori expressed concern over the attack and sought a report from Inspector General of Police Ghulam Nabi Memon. He directed the authorities to take “stern action” against the terrorists. Terrorists should be dealt with strictly. The attack is a very important cause of concern,” he said.
Meanwhile, Sindh Information Minister Sharjeel Memon insisted on defeating the terrorists.
Terrorists will be taught a lesson for challenging the government writ. They have launched a sneak attack and this attack will prove costly for them,” the minister said.
Insurance for electric bike provide security against theft and pricing
Capitalism and inflation are running side by side as a family in Pakistan at present. Not everyone can afford to travel comfortably. These days, a large number of men are looking for electric bike with insurance in Pakistan.
Electric Bike Insurance
Everything you absolutely need to know about electric bike insurance in 2023.
Do e-bikers need insurance too? Can e-bikes be covered against theft?
Also, if you use an electric bike for fitness and you get damaged in an accident, e-bike insurance can be an invaluable gift.
Bike insurance is very important because no matter how expensive the bike you buy, if it gets stolen or gets damaged in an accident, you will almost certainly not be able to get it back. It can be useful.
Some household contents policies will insure your bicycle as standard, while others will allow you to add bicycle cover to your policy for a relatively small fee.
Many bike insurance policies abroad cover e-bikes as defined under the Road Traffic Act. As with electric bike regulations, UK law states that an e-bike must have a maximum power output of 250 watts, a maximum speed of 15.5 mph or 25 km/h, and 14 Persons under the age of one year cannot ride it.
Some insurance schemes fully cover battery damage. Along with personal injury cover, some electric bike insurance policies also include accidental damage cover.
Introduction to electric bike
After electric cars, electric bikes are the best thing now, especially if compared to electric cars, they are quite cheap and have many advantages. The prices of petrol and diesel are constantly increasing while the income is not increasing at all. Electric bikes are a good choice for middle-class motorcyclists. Over the last few years, many people are getting attracted to electric bikes.
How does an electric bike work?
Basically, the electric bike is powered by rechargeable batteries, it does not require much energy to start like a normal bike and it is lighter in weight compared to other bikes. But its body is 40 to 50 percent heavier than a normal bike. It is quite popular for its fast speed and is considered more acceptable especially for women and children.
Electric bikes that are available at low cost can travel at a speed of 25-44 km per hour on their batteries.
Top Electric Bikes Prices and Features in Pakistan in 2022
Go for low cost and high quality to choose an electric bike wisely, just make sure it’s the best electric bike for you or your family.
Below is a look at the list of best electric bikes in Pakistan.
Jaguar Electric Bikes 70cc
Jaguar tops the list of electric bikes in Pakistan as it is pocket friendly and also offers some great performance. Likans are a bit more expensive than fuel-based bikes, but still save us all the extra petrol and diesel.
Features
Runs up to 71 km on a full battery.
Fully charged in 5 hours.
Gasoline is not required at all.
Eco friendly
Price only PKR 88,000
Pakistani Jolta Electric Bikes
Pakistan’s first indigenous EV company is Jolta Electric Pvt. whose vision is to electrify the automobile industry in the country and is also approved by the Government of Pakistan.
Features
With dry gel battery
Runs up to 80 km on a full battery.
It runs at a speed of 50 km per hour on a plain road
Full charging overnight
1000W motor power
Free from noise
Eco friendly
Gasoline is not required at all.
112000 PKR only
Jolta J. E. Scotti
The Jolta Scooty is available with an elegant look and was launched in the Chinese market on the Honda Dev Kenmone. The scootee is extremely comfortable to sit on but costs a bit more
Features
With dry gel battery
A full battery lasts up to 80 km.
Top speed up to 60 kmph
Full charging takes place overnight
1500 W motor power
No need for petrol.
Eco friendly
Gasoline is not required at all.
125000 PKR only
Julta 70 L-JE
Jolta electric bike has a battery life of only 5 years but it has many other advantages and it is also quite expensive.
Features
Li-ion phosphate battery
Mileage of 80-90 km
The top speed goes up to 65 kmph
Fully charged within 3 hours.
1000W motor power
Petrol is not needed at all.
V60 – 25 A battery capacity
Eco friendly
168000 PKR only
Neon M3 Electric Bike
The Neon M3 electric bike became quite popular in 2018. However, its imports are currently banned in Pakistan. In fact, this bike was made in Hong Kong. Therefore, there are few signs of its future use. Its battery can last for a maximum of two and a half years.
