8 Posts

financial

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Online taxi driver facing financial hardships jumps into sea

  • 2 min
A young online taxi driver in Karachi, facing financial struggles, jumped into the sea. Before his act, Tahir Mehmood made a video call to his wife, indicating his intentions. The police recovered his car, and his father reported that Tahir has been missing since. Rescue efforts are encountering challenges due to strong sea waves.
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Financial independence is the reason divorces have become common: Sanam Saeed

  • 3 min
Actress Sanam Saeed attributes increasing divorce rates to women's financial independence, leading them to reject staying in unhealthy marriages out of obligation. She emphasizes the importance of women's education and financial autonomy in enabling them to leave such relationships. Saeed advocates for empowering women through education and independence, to make their own choices.
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No crisis in meeting ECP’s financial needs: Solangi

  • 2 min
Caretaker Minister for Information and Broadcasting and Parliamentary Affairs, Murtaza Solangi, addressed concerns on Monday about the alleged financial crisis facing the Election Commission of Pakistan (ECP) in preparation for the upcoming general elections. Earlier reports suggested that the Ministry of Finance had not released funds to the ECP, prompting the ECP to summon the finance secretary and consider reaching out to Caretaker Prime Minister Anwaarul Haq Kakar.
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Pakistan Appoints Financial Advisor for PIA’s Privatisation

  • 2 min
Pakistan's Privatisation Commission has recently approved the appointment of Ernst & Young, a British multinational, as the financial advisor for the privatisation of Pakistan International Airlines (PIA). The decision was made during a meeting chaired by Minister Fawad Hasan Fawad. The commission had received proposals from eight financial advisory firms, but Ernst & Young was chosen to prepare plans for the sale of the national flag carrier. They will lead a consortium to manage the stake sale process. Additionally, the commission extended the tenure of its Financial Advisor for the House Building Finance Company Limited (HBFC) and First Women Bank. It also discussed the liability for the delay in privatising HBFC and First Women Bank.