NETSOL Technologies has achieved a major milestone by securing a $16 million, five-year contract with a leading automaker in the US. The agreement focuses on upgrading the automaker’s US dealership operations through NETSOL’s innovative Otoz platform. Naeem Ghauri, President of NETSOL and Founder of Otoz, expressed excitement about this collaboration, considering it a significant achievement…
China is making significant strides towards bolstering its renewable energy sector, with ambitious plans that outpace the rest of the world combined. They aim to develop 339 gigawatts (GW) of clean energy sources, including 180 GW from large-scale solar systems and 15 GW from wind power projects. By the end of 2024, China plans to…
The Khyber Pakhtunkhwa Government has introduced a significant initiative aimed at enhancing the welfare and educational outcomes of primary school children in urban areas. Led by Chief Minister Ali Amin Khan Gandapur, the government has launched a new free meal program for public primary schools across divisional headquarters in the province. Initially piloted in Abbottabad…
Today, across the country, people are observing the 9th of Muharram with profound reverence, commemorating the supreme sacrifice of Hazrat Imam Hussain (RA) and his companions. This day holds immense significance, particularly for Shia Muslims, who solemnly remember the martyrdom of Imam Hussain (RA) and his followers at the Battle of Karbala. In towns and…
Karachi is experiencing an exceptionally scorching day, with temperatures soaring to 39 degrees Celsius as reported by the Met Department. In certain localities, the heat index surpasses 50 degrees Celsius, exacerbated by the absence of cooling sea breezes which has intensified humidity levels. This combination of high heat and humidity is posing significant challenges for…
The Pakistan Engineering Council (PEC) has introduced a pivotal initiative to bolster engineering education in response to declining admissions. To address this challenge, PEC now permits pre-medical FSc (Intermediate) graduates to enroll in BS Engineering programs. However, these students must first complete an intensive eight-week preparatory course covering foundational subjects such as mathematics, crucial for…
The Khyber Pakhtunkhwa government has recently unveiled ambitious plans to construct a Holy Quran Palace in Peshawar, marking a significant step towards preserving and safeguarding ancient copies of the Holy Quran. This initiative was announced during a meeting of the Auqaf and Religious Affairs department in Peshawar, where Chief Minister Ali Amin Gandapur emphasized the…
This year, Pakistan has witnessed a remarkable surge in mango exports, underscoring a burgeoning global appetite for this tropical delicacy. Since the export season commenced on May 20, 2024, over 93,000 metric tonnes of mangoes, valued at $61 million, have been shipped worldwide. The primary destinations for these exports include the UAE, Iran, and other…
The illegal tea trade in Pakistan poses significant challenges, causing an annual loss of Rs10 billion in revenue and jeopardizing public health. Despite the legal market, led by major brands such as Tapal Tea and Lipton Pakistan, the illegal market thrives, constituting 30% of total tea trade. This black market thrives due to high taxes…
Today, the Pakistan Stock Exchange (PSX) soared to new heights, crossing the significant 81,000-point mark driven by positive investor sentiment following a recent staff-level agreement with the International Monetary Fund (IMF). The KSE-100 Index, a crucial barometer of market performance, surged by an impressive 1,248.82 points in a single day, marking a substantial 1.56% increase….