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July 21, 2023

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Prominent Automaker Indus Motors to Temporarily Shut Down its Production Plant in Pakistan for Two W…

Indus Motor Company Limited, a leading player in Pakistan's automotive industry and renowned manufacturer of Toyota vehicles, faces significant hurdles in raw material imports, leading to disruptions in supply chain operations. The company temporarily suspends production activities for two weeks due to the worsened situation, impacting its inventory levels. Other major automakers like Pak Suzuki Motors and Honda Cars also experience shutdowns amid raw material scarcity in the industry. The challenge stems from difficulties in opening letters of credit (LCs) and supply issues from foreign vendors. The temporary closure poses challenges for the company, its employees, and the overall automotive...
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July 20, 2023

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Prime Minister's National Innovation Award Round-II Kicks off

The Round-II of the Prime Minister's National Innovation Award (PMNIA) started on Thursday to feature a series of transformative activities aimed at nurturing innovation and entrepreneurship among Pakistan's brightest minds. The first step after shortlisting top 250 candidates is the Idea Pitching Training Boot Camp. This intensive two-day boot camp offers the shortlisted candidates a unique opportunity to fine-tune their pitching skills and elevate their innovative business ideas. The boot camp accommodates both in-person and online participation, fostering inclusivity and accessibility for talented individuals from across the nation. Following the enriching boot camp, the candidates will face the exhilarating Pitching Competition on...
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July 20, 2023

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Naila Kiani Achieves a Historic Feat: First Pakistani Woman to Successfully Scale Broad Peak

On Thursday, Naila Kiani achieved a momentous feat by becoming the first Pakistani woman to summit all 8,000-metre peaks in Pakistan, with her successful ascent of Broad Peak, standing at an impressive 8,047 metres as the 12th highest peak in the world. Having now conquered a total of 14 8,000-metre peaks worldwide, Naila's accomplishment is truly remarkable. She reached the summit of Broad Peak at 2:03 am on Thursday, as confirmed by Karrar Haidri, Secretary of the Alpine Club of Pakistan (ACP). Among her remarkable achievements, Naila has scaled prominent peaks such as Mount Everest, K2, Lhotse, Annapurna, Gasherbrum 1 and 2,...
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July 19, 2023

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Chairman FBR Inaugurates Tax Office At Murree

Asim Ahmad, Chairman Federal Board of Revenue inaugurated the newly constructed Tax House at Murree on Wednesday. On this occasion, Member Administration Syed Nadeem Hussain Rizvi and Member Operations-IR Malik Amjad Zubair Tiwana were also present. Addressing the participants, Chairman FBR said that keeping in view the distance from Rawalpindi, it was imperative to establish a Tax Office in Murree to provide tax-related services to the people of the region at their doorstep. He stated that FBR is committed to facilitate taxpayers in all possible ways. He further commented that various initiatives are being undertaken to broaden the tax base and...
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July 18, 2023

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Saud Shakeel's Brilliant Performance Pakistan to Victory Against Sri Lanka in First Test

On the final day of the Test match in Galle, Pakistan displayed a remarkable performance, clinching a thrilling four-wicket triumph over Sri Lanka. This victory allowed them to take a 1-0 lead in the two-match series, and it was all thanks to Saud Shakeel's incredible double century in the first innings. Resuming their run-chase of 131 runs at 48-3, Pakistan had Babar Azam and Imam-ul-Haq at the crease. Azam scored 24 runs off 28 balls, showcasing five fours, but eventually fell victim to Prabath Jayasuriya's bowling, caught in front of the stumps. Saud Shakeel, who had earlier scored 30 runs in...
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July 14, 2023

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Pakistan Sells Abandoned Embassy Building in Washington for $7.1 Million

The abandoned embassy building of Pakistan in Washington, D.C., has finally been sold for $7.1 million, confirmed both the buyers and the embassy on Thursday. The building, which had been vacant since 2003, was declared a "blighted property" by the local government and lost its diplomatic status in 2018, becoming a liability for the embassy. The property was purchased by Pakistani American businessman Hafeez Khan from Dallas. Ambassador Masood Khan of Pakistan officially confirmed the sale during a ceremony held at a hotel in Washington, expressing hope that this would put an end to media speculations surrounding the property. He clarified...
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