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Wizz Air Suspends Operations in Abu Dhabi, Citing Market Challenges

MInahil Abbasi
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Wizz Air Suspends Operations in Abu Dhabi, Citing Market Challenges

Wizz Air has announced the suspension of its operations in Abu Dhabi, halting all flights under the Wizz Air Abu Dhabi banner starting this fall. The decision comes amid ongoing market difficulties and increased operational costs. The airline will now focus on strengthening its core operations in Europe.

Wizz Air halts Abu Dhabi operations due to market challenges and cost pressures, refocusing on European network. Passengers with affected bookings will receive direct communication and refunds. The airline says it remains committed to cost-effective travel but is adjusting its strategic direction in response to ongoing global aviation issues.

aviation industry, low-cost airlines, Middle East travel

Rs. 750 Prize Bond Draw Results Announced for July 2025

MInahil Abbasi
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0
Rs. 750 Prize Bond Draw Results Announced for July 2025

The National Savings Division has officially announced the results of the Rs. 750 prize bond draw for July 2025. The 98th draw was held in Lahore on July 15. The first prize of Rs. 1,500,000 was awarded to one lucky winner, while the second prize of Rs. 500,000 was distributed among three winners. Additionally, 1,696 winners received the third prize of Rs. 9,300 each. Participants can check their bond numbers through the official prize bond result listings to see if they’ve won.

The National Savings Division has declared the Rs. 750 prize bond results for July 2025. The draw, held in Lahore, awarded Rs. 1.5 million to the top winner, Rs. 500,000 each to three second-prize holders, and Rs. 9,300 to 1,696 third-prize winners. Results are now available for public checking.

finance, prize bonds, national savings

Supreme Court Directs PTCL to Honor Pension Liabilities

MInahil Abbasi
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Supreme Court Directs PTCL to Honor Pension Liabilities

The Supreme Court has ordered PTCL to recognize its pension obligations and formulate a payment schedule within 90 days. PTCL has started verifying pensioner data in coordination with PTET to determine required contributions. The ruling emphasizes that financial constraints cannot override the legal right to pensions.

PTCL has begun pensioner data verification after a court verdict mandated acknowledgment of pending liabilities. The Supreme Court dismissed PTCL’s review plea, affirming pension rights of retired employees and instructing the company to present a payment plan within 90 days.

telecom, pensions, Supreme Court

NA Committee Criticizes FBR for 99% Tax Waiver on Sugar Imports

MInahil Abbasi
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0
NA Committee Criticizes FBR for 99% Tax Waiver on Sugar Imports

The National Assembly’s Public Accounts Committee has strongly criticized the FBR for waiving 99% of sales tax on 500,000 tonnes of imported sugar. Lawmakers questioned the justification for reducing tax from 18% to 0.25%, calling it an unjustified benefit to powerful lobbies.

The Public Accounts Committee condemned the massive tax relief on unnecessary sugar imports, saying it hurt market fairness and favored certain interest groups. The committee summoned FBR and Commerce Division officials, demanding accountability and transparency behind the controversial tax exemption.

FBR policy criticism, Sugar import controversy, Tax exemption scrutiny

Bank of Punjab Opens Applications for 2025 Management Trainee Program

MInahil Abbasi
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0
Bank of Punjab Opens Applications for 2025 Management Trainee Program

The Bank of Punjab (BOP) has launched its Management Trainee Officers (MTO) Program for 2025, inviting ambitious graduates to apply. This initiative is part of the bank’s ongoing effort to nurture fresh talent and develop future leaders in banking. Applicants must hold a Bachelor’s or Master’s degree (minimum 16 years of education) from an HEC-recognized university, preferably in disciplines such as Business, Economics, Finance, or related fields.

Eligible candidates should have graduated in 2023 or 2024 and be no older than 27 years as of July 31, 2025. Preference will be given to those with a minimum CGPA of 3.2 or 80% marks. The program offers rigorous training and professional growth opportunities within the bank.

Interested applicants can submit their applications online via the BOP career portal. The deadline to apply is July 31, 2025.

The Bank of Punjab has opened applications for its 2025 Management Trainee Program. Fresh graduates with strong academic backgrounds are encouraged to apply by July 31. The program aims to develop future banking leaders through structured training, offering long-term career growth within the bank.

Bank of Punjab, MTO Program 2025, Graduate Opportunities

AIOU Launches Three New BS Programs to Expand Academic Offerings

MInahil Abbasi
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0
AIOU Launches Three New BS Programs to Expand Academic Offerings

Allama Iqbal Open University (AIOU) has introduced three new four-year BS programs in International Relations, Islamic Studies, and Sociology for the upcoming academic year. These programs aim to provide students with broader academic opportunities and align with the university’s goal to enhance modern, accessible education in Pakistan.

AIOU has launched BS programs in International Relations, Islamic Studies, and Sociology to offer students diverse academic paths. This move strengthens its commitment to modern, inclusive higher education accessible to all.

AIOU BS programs,Higher education in Pakistan,Academic development

Government to Close All Utility Stores Within Two Weeks

MInahil Abbasi
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0
Government to Close All Utility Stores Within Two Weeks

The federal government has decided to shut down all Utility Stores across Pakistan within the next two weeks. This decision is part of a larger cost-cutting initiative as the Utility Stores Corporation (USC) has reportedly become financially unsustainable. Employees are expected to be offered golden handshakes or absorbed into other departments.

The Ministry of Industries is finalizing the shutdown strategy, aiming for minimal disruption. With rising inflation and reduced subsidies, officials argue that the system has outlived its purpose. The closure will mark the end of a decades-old initiative that once served as a vital support for low-income households.

The government will shut all Utility Stores within two weeks due to financial losses. Staff will either get compensation or relocation. The plan reflects a shift from state-run retail to targeted subsidies amid rising inflation. The move ends a long-standing welfare initiative.
utility stores closure, Pakistan government decisions, economic reforms

Federal Cabinet Approves 15% Increase in EOBI Pensions

MInahil Abbasi
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0
Federal Cabinet Approves 15% Increase in EOBI Pensions

The federal cabinet has approved a 15% hike in Employees’ Old-Age Benefits Institution (EOBI) pensions, benefiting thousands of retired workers across Pakistan. With this increase, the minimum pension will rise from Rs. 10,000 to Rs. 11,500 per month. This decision aims to support pensioners amid inflation and rising living costs. The enhancement was proposed during a cabinet meeting and is part of broader efforts to strengthen social protection for senior citizens. Implementation will begin from the next monthly disbursement cycle.

The federal cabinet has approved a 15% increase in EOBI pensions, raising the minimum amount to Rs. 11,500 per month. This move is designed to offer financial relief to pensioners struggling with inflation. The revised pension will be effective from the next payment cycle.
EOBI pensions, federal cabinet decision, social welfare

Meezan Bank Hiring Business Development Officers

MInahil Abbasi
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0
Meezan Bank Hiring Business Development Officers

Meezan Bank has announced new job openings for the position of Business Development Officer (BDO) across multiple cities in Pakistan. Applicants with at least a graduate degree from a recognized university and strong communication skills are encouraged to apply. Fresh graduates are eligible, and the age limit is set at 26 years.

The role primarily involves promoting banking services, attracting new customers, and achieving sales targets. Interested candidates can apply online through the bank’s official careers portal. The last date to apply is July 21, 2025.

Meezan Bank is hiring Business Development Officers across Pakistan. Graduates up to 26 years of age are eligible, and the bank encourages fresh candidates to apply. The position focuses on client engagement and sales growth. The last date to apply online is July 21, 2025.

Meezan Bank jobs,Banking career Pakistan,Business Development Officer recruitment.

China Eyes Deeper Investment in Pakistan’s Mineral Sector

MInahil Abbasi
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0
China Eyes Deeper Investment in Pakistan’s Mineral Sector

China has expressed strong interest in expanding its investments in Pakistan’s mineral sector. This includes exploration, mining, and value addition, particularly in critical minerals. Both countries are in talks to enhance cooperation under the Belt and Road Initiative, aiming to boost economic growth and industrial development in Pakistan.

China plans to invest further in Pakistan’s mineral industry, focusing on critical minerals, mining, and value addition. Discussions aim to strengthen ties and economic collaboration under the Belt and Road framework, potentially enhancing Pakistan’s industrial capabilities and export potential.

China-Pakistan relations, mineral exploration, foreign investment

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