November 5, 2021 - Pakistan News Digest - Pakistan News Digest

November 5, 2021 - Pakistan News Digest
  • Melissa Hammerle Appointed President of Intelex Technologies

    Hammerle will be responsible for the formation and execution of Intelex’s strategy as it delivers safer, cleaner and more efficient operations for our customers. Toronto, Canada, Nov. 05, 2021 (GLOBE NEWSWIRE) — Intelex Technologies, ULC, a leading...

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  • Synchronoss Personal Cloud Solution Selected by Telkomsel to Bolster Digital Services Offering

    New partnership will allow Indonesian mobile operator to bring personal cloud services to a market of more than 170 million subscribers BRIDGEWATER, N.J., Nov. 04, 2021 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (NASDAQ: SNCR), a global leader and innovator...

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  • Here’s How Big Retailers are Dodging FBR’s POS System to Evade Taxes

    The Federal Board of Revenue’s (FBR) biggest documentation initiative of integration of big retailers with the FBR’s Point of Sales (POS) system may suffer a serious setback due to the alleged connivance of vendors and retailers to...

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  • Exchange Companies Can Now Use Android Devices for Biometric Verification

    Exchange companies have been asked to use an android based biometric verification system to maintain the records and verifications of customers on the purchase of Dollars and other foreign currencies above $500 from the open market.The facility...

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  • Sugar Prices Break All Previous Records in Pakistan

    Sugar prices have skyrocketed as wholesale rates touch Rs. 150 per kilogram and retail rates reach Rs. 160 per kilogram in most areas of the country, with the government unable to control the prices.Prices have increased as...

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  • SBP’s Foreign Reserves Increase by $53 Million

    The foreign reserves of the State Bank of Pakistan saw an increase of $53 million and surged up to $17.199 billion at the end of last week. However, a decline was seen in Total Liquid Forex Reserves...

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  • Cement Sales Plunge by 9.07% in October

    Cement sales declined in the first four months of the ongoing fiscal year despite the increase in domestic sales as their exports dropped substantially.The combined domestic and export sales figures stood at 18.029 million tonnes during July-October...

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  • VRG Wins Legal War Against Digital Bridge

    Virtual Remittance Gate (VRG) World has won its legal battle against Digital Bridge as the Sindh High Court (SHC) has allowed it to continue providing services to various clients for the Asaan Mobile Scheme.Digital Bridge had sued...

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  • SECP Registers Over 2,000 New Companies in October

    The Securities and Exchange Commission of Pakistan (SECP) registered 2,017 new companies in October, raising the total number of registered companies to 154,093.Consequently, the total capitalization (paid-up-capital) of the new companies stood at Rs. ...

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  • Govt Increases Minimum Support Price for Wheat

    To achieve self-sufficiency in wheat, the government has decided to increase the minimum support price for wheat to Rs 1,950/40 kg compared to Rs. 1,800/40 kg last year. The Food Ministry hopes this will incentivize farmers to...

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  • Rupee Gains Big Over the British Pound, Holds Out Against the US Dollar

    The Pakistani Rupee (PKR) maintained its position against the US dollar (USD) on Friday to close at 170.01.Yesterday, the rupee broke its 6-day winning streak against the greenback and lost 4 paisas in the inter-bank market to...

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  • Saqlain Mushtaq Likely to Continue as Head Coach for Pakistan’s Next Tour

    Pakistan’s interim head coach, Saqlain Mushtaq, is likely to continue his role for the national team in their upcoming tour of Bangladesh. Saqlain was initially appointed as the head coach of Pakistan for the ongoing 2021 T20...

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  • Saaed Ajmal Asks Mohammad Amir to Apologize to Harbhajan Singh

    Former Pakistan off-spinner, Saeed Ajmal, believes that Mohammad Amir should apologize to Harbhajan Singh for the ugly spat between the two on Twitter.Amir and Harbhajan exchanged unpleasant remarks after Pakistan’s 10-wicket win over India in the ongo...

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  • Dr. Nauman Finally Apologizes to Shoaib Akhtar [Video]

    Renowned cricket historian and PTV anchorperson, Dr. Nauman Niaz finally apologized to Shoaib Akhtar for his behavior on National Television. Shoaib and Dr. Nauman were involved in an on-screen spat during the post-match discussion after Pakistan’s vic...

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  • Ufone Football Cup Kicks Off with over 2,000 Young Footballers Participating

    The much famed Ufone Football Cup is starting today simultaneously in Balochistan and Khyber Pakhtunkhwa. The two editions of the tournament will take place simultaneously this year with over 2,000 young footballers from 140 teams battling it...

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  • FM, Sindh Governor discuss federal Govt’s funded ongoing development projects

    Foreign Minister Shah Mehmood Qureshi met Governor Sindh Imran Ismail in Karachi today .Overall political situation in the country and the federal government's funded ongoing development projects were discussed in the meeting.Speaking on the oc...

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