Aftab Maken ISLAMABAD: For Pakistan’s aviation sector, the government has officially shelved a high-profile plan to hand over management and operations of Islamabad International Airport (IIAP) to the United Arab Emirates (UAE), following Abu Dhabi’s repeated failure to nominate a partner. The decision marks the end of months of negotiations …
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Aftab Maken ISLAMABAD: A major controversy has erupted over the hefty meeting fees and perks provided to the Chairman and members of the Pakistan Telecommunication Company Limited (PTCL) Board of Directors. Official documents reveal that the PTCL Chairman receives $8,000 per board meeting, while each director is paid $5,000 per …
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BeNewz Report KARACHI: The Anti-Smuggling Organization (ASO) of the Collectorate of Customs Enforcement, Karachi, conducted a successful intelligence-based operation on Thursday morning, intercepting a large consignment of smuggled mobile phones valued at approximately Rs. 62 million. Acting on credible intelligence that a Mazda truck was transporting smuggled mobile phones from …
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BeNewz Report ISLAMABAD: The Economic Coordination Committee (ECC) of the federal cabinet has approved recommendations for the country’s largest-ever spectrum auction, which will improve 3G and 4G services while enabling the commercial rollout of 5G technology in Pakistan for the first time. Federal Finance Minister Muhammad Aurangzeb and Minister of …
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Beneficiaries to achieve full digital payments by Jan 2026 Aftab Maken ISLAMABAD: The Benazir Income Support Programme (BISP) has made remarkable progress in transitioning its payments to a digital system. However, full 100% adoption of digital wallets for all beneficiaries will be targeting complete rollout by January 2026. Over 10 …
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Aftab Maken ISLAMABAD: Finance Minister, Senator Aurangzeb Khan on Thursday made his first official visit to the Pakistan Virtual Asset Regulatory Authority (PVARA), underlining the government’s commitment to regulating the rapidly growing digital assets sector. He was briefed on PVARA’s roadmap to implementing a comprehensive regulatory framework for virtual assets. …
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BeNewz Report PANAMA CITY: BingX, a leading cryptocurrency exchange and Web3 AI company, is proud to announce BingX Shards Program, its brand-new rewards mechanism for spot trading. With BingX Shards, users can now earn rewards, level up by completing tasks, and unlock exclusive benefits based on their activity levels. BingX …
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Aftab Maken ISLAMABAD: Pakistan Telecommunication Authority has started licensing VPN companies under its renewed Class Value Added Services–Data regime, marking a shift toward regulated and authorised private-network access in the country. The decision was announced in Islamabad on Thursday morning and reflects PTA’s wider push to strengthen national data security …
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BeNewz Report LONDON: Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, has been profiting heavily from fraudulent advertising, according to internal documents obtained by Reuters. The documents reveal that Meta internally estimated it would generate about 10% of its 2024 revenue—roughly $16 billion—from ads promoting scams, illegal …
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Aftab Maken ISLAMABAD: Pakistan’s long-delayed privatisation drive received a boost on Friday as the Privatisation Commission (PC) Board approved the inclusion of AKD Group Holdings (Pvt.) Ltd in the Arif Habib Corporation Limited (AHCL)-led consortium for the privatisation of Pakistan International Airlines Corporation Limited (PIACL). The decision was made at …
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