The Emerging Pakistan

07/07/2023

https://theemergingpakistan.com/blog/details/beyond-the-field-exploring-the-impact-of-sports-in-society

09/11/2022

01/10/2022

A magistrate of Islamabad's Margalla Police Station has issued an arrest warrant for PTI Chief Imran Khan.

The area magistrate issued an arrest warrant in the case registered on August 20 against the PTI chief for his remarks regarding Additional District and Sessions Judge Zeba Chaudhry.

The FIR includes four sections of the Pakistan Penal Code (PPC), including 506 (punishment for criminal intimidation), 504 (intentional insult with intent to provoke breach of the peace), 189 (threat of injury to public servant), and 188 (disobedience to order duly promulgated by public servant).

01/10/2022

The Oil and Gas Regulatory Authority (OGRA) has reduced the price of Liquefied Petroleum Gas (LPG) up to Rs10.32 per kilogram, Sources reported on Friday.

The OGRA issued a notification regarding the reduction of LPG price up to Rs10.32 per kilogram.

The new price of LPG will be Rs201.20 per kilogram for October 2022.

In accordance with the reduced prices, the rate of the domestic cylinder was decreased up to Rs. 122 and the new price will be Rs. 2,374.25.

In August, the LPG prices had been slashed up to Rs6 per kilogram for the month of September.

01/10/2022

McDonald's Launches Limited Edition of “Mega Spicy McCrispy” Featuring “The Legend of Maula Jatt”

01/10/2022

The Federal Board of Revenue (FBR) collected Rs1.635 trillion in the first quarter of the current fiscal year, exceeding the Rs1.609tr target by Rs26bn, showed provisional data released on Friday.

Compared with the revenue collection of Rs1.395tr in 2021, the revenue collection posted nearly 17pc growth in the first quarter.

Meanwhile, the last date for the filing of income tax returns for the tax year 2022 was extended until Oct 31 to accommodate those taxpayers who did not file their returns within the due date, which was Sept 30.

The revenue collection in September surpassed the target by Rs1bn to Rs685bn against a projected monthly target of Rs684bn, an increase of 27pc.

01/10/2022

In just a period of one year, thousands of merchants from Pakistan have registered on Amazon, as a result of which our country has retained its third position in the category of new sellers on the biggest e-commerce platform.

Officials of the Trade Development Authority of Pakistan (TDAP) gave a briefing to the National Assembly’s Standing Committee on Commerce. During the briefing, the TDAP expressed confidence about the country’s export products, the country’s capacity and the capabilities of the people associated with the e-commerce platform.

He expressed hope that the entrepreneurs who sell goods on Amazon will be able to continue the journey of improvement in the future by benefiting from this journey of rapid development.

In a briefing to the members of the Standing Committee of the National Assembly headed by Chairman Raza Rabbani, the TDAP said that, Pakistan will be the third largest country in the sale of products through the Amazon market in the United States at the end of this year.

The thousands of Pakistani sellers are trying to give competition to the sellers worldwide. While USA and China top the list, we still have export hubs like India and Canada, which is a remarkable accomplishment.

Pakistan was allowed to sell products on Amazon in May 2021 after almost a year of negotiations between the Ministry of Commerce and Amazon officials and thousands of merchants from Pakistan were registered with Amazon in just a short period of one year.

01/10/2022

TikTok, one of the most famous and used social media applications, made shocking revelations of removing a whopping amount of videos violating its guidelines during a recent report.

The app's officials reported that more than 113 million videos have been taken down between the pride of April and June of this year in accordance with the company’s quarterly transparency report 2022. Although the number is 113 million, it represents just 1 percent of total videos uploaded during the three-month period.

The report stated that the common reason for removal was the violation of TikTok's policies around minor safety. Other reasons included illegal activities, regulated goods, adult nudity and sexual activities. The company said it utilizied the automated tools, and human review to sift through content causing violations.

According to multiple media outlets, about 15,351,388 videos were taken down from Pakistan with a proactive removal rate of 98.7 percent, 97.4 percent for removals before 24 hours, and 97.3 percent for takedowns before any views.

For the record, Pakistan ranks second for the largest volume of videos taken down by TikTok. The United States of America topped the list with nearly 18 million videos removed.

For the unversed, TikTok has more than one billion global users, although digital rights experts believe that more transparency is crucial in a market like Pakistan where the app faced four bans between October 2020 and November 2021.

01/10/2022

Gul Ahmed Textile Mills Limited (GATM) announced results for FY22 wherein the company declared a profit of Rs9.85 billion, the company’s stock filings on the stock exchange showed.

In the filing, the company declared a 90.65% growth in profit to Rs9.85bn as compared to Rs5.16bn in the same period last year, translating into earnings per share of Rs15.96 against Rs9.14 in FY21.

GATM’s topline shows an increase of 36.37%, to Rs122bn against Rs89bn in FY21.

The company’s gross profit was up by 55.32%, to Rs27.01bn against Rs17.39bn in FY21.

Profit-before-taxation increased to Rs11.70bn up by 88.90% compared to Rs6.19bn in the same period last year.

01/10/2022

Govt. Decreased petrol price by Rs.12.63 per liter

29/09/2022

Imran Ali Dina's Youtube Channel "GFXMentor" Reached 2 Million Subscribers

29/09/2022

After Foreign Minister Bilawal Bhutto Zardari, Federal Minister for Information Technology and Telecommunication Syed Aminul Haque urged Meta, the parent company of Facebook, to establish its office in Pakistan.

In a series of tweets, the Ministry of IT & Telecom shared that the minister met a high-level delegation from Meta in Romania. Some 186 ministerial delegations have gathered in Bucharest, Romania for the Ministerial Conference of the International Telecommunication Union (ITU PP-22).

During the dialogue, Haq once again urged Meta to open a local office in Pakistan to which the platform’s representatives assured to visit the country soon.

The meeting was attended by Pakistan’s Permanent Representative to the United Nations Geneva Office Khalil Hashmi, and Pakistan’s Ambassador to Romania Dr. Zafar Iqbal. While Chief Executive Universal Service Fund Haris Mahmood Chaudhry briefed the delegation about the broadband services projects in Pakistan.

Earlier, Foreign Minister Bilawal Bhutto Zardari urged Meta to establish its office in Pakistan.

FM Bilawal Bhutto met Meta’s Global Affairs President Nick Clegg on the sidelines of the United Nations General Assembly’s (UNGA) 77th session.

During the meeting, the foreign minister urged the Meta official to establish an office in Pakistan, saying that the country’s IT sector has registered strong growth in the recent past opening new opportunities for platforms to expand its operations.

28/09/2022

Usually, countries elect their Prime Ministers but the Kingdom of Saudi Arabia appoints them.

Crown Prince Mohammed bin Salman was named PM by King Salman. Before the appointment, he was the deputy premier and minister of defense of the kingdom

28/09/2022

Former President has been hospitalized in as his health deteriorated.

According to the sources, the Co-Chairman has been ill for more than a month.

28/09/2022

The Taliban have signed a provisional deal with Russia to supply gasoline, diesel, gas and wheat to Afghanistan, Acting Afghan Commerce and Industry Minister Haji Nooruddin Azizi told Reuters.

Azizi said his ministry was working to diversify its trading partners and that Russia had offered the Taliban administration a discount to average global commodity prices.

The move, the first known major international economic deal struck by the Taliban since they returned to power more than a year ago, could help to ease the Islamist movement’s isolation that has effectively cut it off from the global banking system.

Western diplomats have said the group needs to change its course on human rights, particularly those of women, and prove it has cut ties with international militant groups in order to gain formal recognition.

Russia does not officially recognize the Taliban’s government, but Moscow hosted leaders of the movement in the run-up to the fall of Kabul and its embassy is one of only a handful to remain open in the Afghan capital.

28/09/2022

NETSOL Technologies Inc. on Tuesday announced results for FY22 wherein the company reported an increase of 352.07% in profit after tax to Rs872million, filings on the stock exchange showed.

The company’s other income jumped by 598% to Rs1.07billion against Rs154mn in FY21.

As a result, the company’s profit after taxation clocked in at Rs872mn against Rs193mn in FY21, translating into earnings per share of Rs9.73 against Rs2.15 in FY21.

The company’s topline jumped by 25.02% to Rs6.18billion against Rs4.95bn in FY21 supported by the exchange rate depreciation as the company's revenues are predominantly dollar-based.

Gross profit clock in at Rs2.08bn against Rs1.80bn in FY21.

In FY22, profit before taxation was up by 284.42% to Rs1.01bn against Rs263mn in FY21.

28/09/2022

Yamaha announces to sell its Bike on Installment with 0% Markup

27/09/2022

Senate Chairman Sadiq Sanjarani on Tuesday administered oath to senior PML-N leader Ishaq Dar as senator amid protest by PTI.

The session began with the recitation of the Holy Quran after which Dar was sworn in.

During the ceremony, PTI senators gathered near the rostrum and chanted slogans after which the chairman called in security personnel.