All Posts in "Afshan Ibrahim"

Pakistan Secures $350 Million from ADB to Boost Women’s Financial Inclusion

In a major step toward fostering inclusive economic growth, the Government of Pakistan has signed a $350 million financing agreement with the Asian Development Bank (ADB) to launch the Women Inclusive Finance Sector Development Program (Subprogram-II). This initiative is designed to improve women’s participation in the country’s financial ecosystem and create an enabling environment for gender-responsive economic development.

As part of the agreement, the State Bank of Pakistan (SBP) also entered into a separate Project Agreement for the Financial Intermediary Loan (FIL), further cementing the country’s commitment to gender-inclusive financial reforms.

The loan arrangement consists of two components: a $300 million policy-based loan and an additional $50 million dedicated to the FIL. The funds are aimed at advancing policy reforms that enhance access to financial services for women, support women-led enterprises, and cultivate a more inclusive workplace culture within the banking and finance sector.

Building on the progress made under Subprogram-I, this second phase will implement structural reforms to remove gender-based barriers in finance, promote digital financial inclusion, and strengthen institutional capacity to support women entrepreneurs. Particular emphasis will be placed on increasing the outreach of microfinance and SME lending to women across urban and rural areas.

ADB officials highlighted that empowering women financially is not only a development imperative but also a proven strategy for sustainable economic resilience. The partnership is expected to play a crucial role in narrowing the gender gap in financial services while helping Pakistan meet its broader economic reform goals.

Afshan Ibrahim by — June 25, 2025 in News
Finance Bill 2025-26: Government Targets Digital Economy and ATM Withdrawals in New Tax Reforms

The Government of Pakistan, through its Finance Bill 2025-26, is set to introduce wide-ranging fiscal reforms focused on expanding the tax net and regulating both cash-based and digital transactions.

Among the key proposals is the revised ATM cash withdrawal limit for non-filers. According to the Federal Board of Revenue (FBR), non-filers will now be able to withdraw up to Rs. 75,000 per day without tax, an increase from the previous Rs. 50,000. However, any amount beyond this limit will incur a 0.8% withholding tax, up from 0.6%.

Digital Economy and E-Commerce: Under the Tax Radar

In a bold move to regulate online marketplaces, the government is also introducing taxes on digital retail activities. The proposed taxation structure includes:

  • 2% income tax on online apparel businesses
  • 0.5% income tax on electronics sales via digital platforms
  • 1% tax on all other e-commerce activities

These businesses will be required to submit billing records as part of their tax returns. This step aims to enforce compliance and minimize underreporting.

International Tech Platforms Face Higher Taxation

The bill also suggests a 5% increase in advance tax on foreign digital service providers, raising it from 10% to 15%. Platforms such as YouTube, Facebook, and Google will be impacted. Companies establishing local offices may benefit from a reduced tax rate of 5%, encouraging global tech firms to invest in Pakistan.

Additionally, banks and courier services will be authorized to act as tax collectors, and online merchants will no longer be allowed to shift tax costs to consumers.

These reforms reflect the government’s focus on bringing the digital economy into the formal sector, thereby increasing transparency in Pakistan’s financial ecosystem.

Afshan Ibrahim by — June 15, 2025 in Business
Karachi Court Hears Victim’s Pardon of Salman Farooqi in DHA Assault

In a high-profile case that has captured public attention in Karachi, the victim of an assault incident in the Defence Housing Authority (DHA) area, identified as Sudheer, formally pardoned businessman Salman Farooqi during a court hearing on Thursday.

The proceedings took place at the South Judicial Magistrate’s Court. Sudheer, who was assaulted in broad daylight in an incident that went viral on social media, arrived at the court after learning of the summons from his lawyer earlier that morning.

When asked by the court if any form of pressure had influenced his decision, Sudheer replied firmly that his choice to pardon the accused was of his own volition. “I have forgiven Salman Farooqi and leave the matter to the court’s discretion,” he told the magistrate.

The court officially documented Sudheer’s statement, highlighting that he had identified the accused but had no interest in pursuing further legal action.

The original incident sparked widespread condemnation. A video of Salman Farooqi physically assaulting the young motorcyclist, allegedly in front of his sister, triggered public outrage and calls for strict legal action. The case was registered at the Gizri Police Station based on a complaint from eyewitness Muhammad Saleem, who detailed the threats and humiliation inflicted on the victim.

While the victim’s pardon typically impacts the outcome of such cases, legal observers note that the severity of the incident and the public reaction may still factor into judicial proceedings. Pakistan’s criminal code allows for the pardon of certain offences if the victim chooses not to press charges, but the decision of whether to close the case ultimately rests with the court.

The incident has become a litmus test for the judicial system’s handling of cases involving public figures and viral incidents. It also sheds light on the broader social debate around violence, accountability, and the role of the courts in upholding justice even when victims withdraw their complaints.

Afshan Ibrahim by — June 5, 2025 in News
Arrest Made in High-Profile Murder Case of TikToker Sana Yousaf

Islamabad Police have successfully arrested the prime suspect in the murder of social media personality Sana Yousaf. According to official statements, the arrest was facilitated by a careful review of CCTV footage and the use of modern investigative techniques.

The suspect, who is from Punjab, was taken into custody during an overnight operation conducted by law enforcement. Sources indicate that the accused had a personal history with Sana Yousaf, a detail that investigators believe is central to understanding the motive.

Personal Grudge Behind the Crime

Initial findings suggest that the murder stemmed from a personal grudge between the victim and the accused. The police recovered the murder weapon during the suspect’s apprehension, bolstering their case and providing crucial evidence.

The Islamabad Police are actively investigating all angles of this incident to ensure that the facts are fully uncovered.

Body Transported to Upper Chitral

The tragic death of Sana Yousaf has left her followers and loved ones reeling. Her body was transported to Upper Chitral, her hometown, for final rites and burial. Community members and family gathered in her memory as authorities continued to probe the circumstances of her death.

CCTV Footage and Widened Investigation

The case, initially registered against an unidentified attacker, has seen rapid progress. Police have collected CCTV footage from the crime scene and from Safe City cameras across Islamabad. This footage is being thoroughly reviewed to track the suspect’s movements.

The police have emphasized that the investigation remains active, with a commitment to ensuring that no aspect is left unexplored.

Sana Yousaf’s murder has once again underscored the vulnerability of digital influencers and sparked discussions around personal security. Law enforcement agencies have vowed to maintain transparency and provide updates as the case unfolds.

Afshan Ibrahim by — June 3, 2025 in News
PSL 10: Lahore Qalandars Make Final Without Head Coach, Eye Historic Title

The Lahore Qalandars have pulled off an astonishing run in PSL 10, making it to the tournament final without the presence of their appointed head coach, Russell Domingo.

The revelation came from team executive Sameen Rana, who confirmed that the South African coach had not returned after the mid-season break.

“Russell has not been with us since the second half began. We’ve had to operate without a formal head coach,” Rana said.

Shaheen Afridi Leads From the Front

Without Domingo’s tactical guidance, Shaheen Shah Afridi has taken on a broader leadership role. The fast-bowling skipper has not only led with the ball but also kept the dressing room atmosphere focused and unified.

This leadership has translated into back-to-back knockout victories against Karachi Kings and Islamabad United, two high-pressure games that showcased the team’s adaptability and mental resilience.

Senior Players Drive Strategy

The likes of Fakhar Zaman, Sikandar Raza, and Rashid Khan (if available) have stepped up as tactical mentors in the absence of official coaching staff, contributing to game-planning and on-field decisions. The blend of local talent and experienced internationals has created an organic leadership model that’s worked surprisingly well.

Will Domingo Return?

The team has remained tight-lipped on Domingo’s future. Some insiders believe his role may be quietly coming to an end, particularly given the team’s improved performance without him.

If Lahore clinch the title, it will mark a new chapter in the league’s history—a championship won without a head coach, something unheard of in professional T20 cricket.

Lahore’s Moment of Destiny

Lahore Qalandars now prepare to face Quetta Gladiators in what could be a crowning moment for this franchise. With or without a coach, the team has shown they are built for the big occasion.

Afshan Ibrahim by — May 24, 2025 in Cricket
Prime Minister Shehbaz Sharif Undertakes Key Visit to Karachi

Focused Engagements with Pakistan Navy and Federal Ministers

Prime Minister Shehbaz Sharif arrived in Karachi on Monday for a day-long official visit, engaging in strategic discussions and paying homage to the services of the Pakistan Navy, according to reports by ARY News.

He was warmly received at the airport by Federal Minister for Education Dr. Khalid Maqbool Siddiqui, with several senior ministers accompanying the Prime Minister on this high-level trip. Among them were Federal Defence Minister Khawaja Asif, Planning Minister Ahsan Iqbal, and Information Minister Attaullah Tarar.

Visit to Pakistan Navy Dockyard

As a major highlight of the visit, Prime Minister Sharif headed to the Pakistan Navy Dockyard, where he interacted with naval personnel. In a formal address, he expressed appreciation for the Pakistan Navy’s vigilant protection of the nation’s maritime boundaries, especially during critical operations such as “Marka-e-Haq.”

“Our Navy has remained steadfast in guarding Pakistan’s blue frontiers,” the Prime Minister said, acknowledging their discipline and service.

Emphasis on Maritime Security

The visit reflects the government’s intent to strengthen Pakistan’s maritime security framework amid growing regional challenges. It comes at a time when maritime trade routes are gaining increasing strategic importance.

Background: PM’s Recent Stance on Pahalgam Incident

Earlier in the week, the Prime Minister made headlines for his response to India’s baseless allegations regarding the Pahalgam incident. Speaking after a meeting with Turkish Ambassador Dr. Irfan Neziroglu, Sharif reiterated Pakistan’s commitment to combatting terrorism and called for a neutral international investigation into the incident.

He emphasized that India had failed to provide concrete evidence and accused it of attempting to wrongly implicate Pakistan for political purposes.

Afshan Ibrahim by — May 19, 2025 in News
Buraqi Launches Pakistan’s Longest-Range Electric Motorcycle: Affordable and Locally Built

Introducing a New Standard for Electric Bikes

Buraqi Vehicles, a Pakistani electric vehicle startup, has officially launched its latest electric motorcycle—a 500 km range marvel that redefines local EV expectations. Built and assembled within Pakistan, the bike underscores a major shift towards sustainable, cost-effective transportation.

Entrepreneurs seeking new business avenues are also encouraged to explore Buraqi’s dealership offers across the country.

Technical Details: Power Meets Efficiency

  • Motor: 2kW high-torque Li-Ion motor
  • Battery: 10.43 kWh NCM battery (larger than many residential solar setups)

This combination delivers both high energy density and impressive longevity. Plus, design innovations like internalized electronics in the tank area promote greater protection and compactness, though the bike is splash-resistant, not waterproof.

Ride Modes and Smart Performance

With a capped speed of 85 km/h, unlockable to 100 km/h, the bike caters to varied urban and rural needs. Riders enjoy multiple ride modes, a reverse gear, and front/rear disc brakes—an impressive suite for any EV enthusiast.

Charging the bike consumes just 11.23 units of electricity, translating to a modest Rs. 450–500 per full charge.

Price Points and Business Potential

Priced at Rs. 640,000, the flagship variant offers unbeatable value, especially considering the battery’s standalone market cost is even higher. Models start from Rs. 230,000, allowing options for different budgets.

Buraqi’s dealership model includes support for marketing, training, and technical services—opening doors for ambitious entrepreneurs to enter Pakistan’s growing EV market. For frequent riders, the payback period is impressively short, often under a year.

Afshan Ibrahim by — May 3, 2025 in Business
Ahmed Ali Akbar Officially Confirms Marriage with Maham Batool

Star Actor Ties the Knot in an Intimate Ceremony

Pakistani film and television star Ahmed Ali Akbar has officially confirmed his marriage to model and social media influencer Maham Batool.

With Pakistan’s wedding season in full swing, the actor is now among the many celebrities who have tied the knot in early 2025.

Ahmed Ali Akbar Shares First Wedding Photos

On Thursday night, Ahmed Ali Akbar took to Instagram to share his first official wedding post, confirming his marriage with Maham Batool.

Along with the pictures, he expressed gratitude and love for his wife, writing:

“My Heart My life, My peace My home.”

However, he also made a special request to the media and social media users, urging them not to share images or videos from their wedding without consent.

“Any photographs or videos from our wedding shared online violate our privacy. We do not consent to the publication or posting of any images or footage from our events,” he added.

Wedding Speculations and Pre-Wedding Festivities

Rumors about the couple’s wedding first surfaced earlier this month when Maham Batool was seen accompanying Ahmed Ali Akbar at the baby shower of actress Mariyam Nafees.

Shortly after, videos and photos from their Qawwali night celebration surfaced online, fueling speculation about their relationship.

Now that the couple has made their wedding official, thousands of fans and fellow celebrities have extended their heartfelt congratulations, showering them with blessings and well wishes.

Afshan Ibrahim by — February 21, 2025 in Glamour
Air Karachi Seeks License to Launch Flights in Pakistan’s Growing Aviation Market

Air Karachi Joins the List of New Airlines Awaiting Approval

Pakistan’s aviation industry is set to welcome another private airline, Air Karachi, which has applied for a Regular Public Transport (RPT) license from the Pakistan Civil Aviation Authority (PCAA).

As per PCAA sources, the airline’s application is under review, and final approval will come from the federal government. Once granted, Air Karachi will begin operations across major cities.

Investment and Business Leaders Behind Air Karachi

The business community of Karachi has played a significant role in the airline’s formation. Hanif Gohar, a well-known businessman, announced that Air Karachi is being launched with an initial investment of Rs. 5 billion, with multiple shareholders contributing Rs. 50 million each.

Prominent business figures involved in the venture include:

  • Aqeel Karim Dhedhi
  • Arif Habib
  • SM Tanveer
  • Bashir Jan Muhammad
  • Khalid Tawab
  • Zubair Tufail
  • Hamza Tabani

Fleet and Leadership Structure

  • CEO: The airline has appointed Retired Air Vice Marshal Imran to lead its operations.
  • Aircraft Acquisition: Air Karachi plans to lease three aircraft in its initial phase.
  • Regulatory Compliance: The airline has completed its registration with the Securities and Exchange Commission of Pakistan (SECP).

Competition in Pakistan’s Aviation Sector

Air Karachi is not the only airline looking to enter Pakistan’s growing domestic aviation market. In September last year, Jet Green, Q Airways, and Go Green Air applied for operational licenses. Additionally, Air Indus, Q Aviation, and Liberty Air have expressed their intent to either resume operations or begin new services.

Officials at PCAA view this trend as positive for Pakistan’s aviation industry, believing that increased competition will enhance services and benefit passengers across the country.

Afshan Ibrahim by — February 18, 2025 in Business
Saudi Arabia Updates Visa Policy for Pakistani Visitors – Here’s What You Need to Know

The Saudi government has made a major revision to its visa policy, affecting Pakistani travelers and those from 13 other nations. The new regulations, which came into effect on February 1, 2025, suspend multiple-entry visas and restrict applicants to single-entry permits.

The change affects visitors seeking tourism, business, and family visit visas.

List of Countries Affected

The policy impacts citizens from:

  • Pakistan
  • India, Bangladesh, Indonesia, Iraq, Jordan, Algeria, Egypt, Ethiopia, Morocco, Nigeria, Sudan, Tunisia, and Yemen

These visitors will now have limited access to Saudi Arabia, requiring new visas for each trip.

Why the Policy Changed

Saudi Arabia’s decision to eliminate long-term multiple-entry visas is driven by concerns that some individuals were using them to perform Hajj illegally, bypassing their country’s official pilgrimage quota.

To tighten control over Hajj participation, Saudi authorities have opted for a stricter visa policy to ensure all pilgrims register through official channels.

New Visa Process for Pakistani Travelers

Under the revised regulations, travelers from Pakistan and other affected countries must now apply for a:

  • Single-entry visa valid for 30 days
  • Maximum stay of 30 days per visit
  • Mandatory biometric verification at Etimad visa centers

This update marks a significant shift in Saudi Arabia’s approach to visitor entry.

Hajj 2025 Registration Open for Domestic Pilgrims

Meanwhile, the Saudi Ministry of Hajj and Umrah has officially launched Hajj 2025 registration for citizens and residents of the Kingdom.

Applicants are encouraged to apply early via the Nusuk app or the official e-portal, as priority will be given to those who have not performed Hajj before.

The Ministry also advised pilgrims to update their health information, add accompanying individuals, and submit exemption requests where required.

With these new policies in place, travelers and pilgrims must carefully follow the new procedures to ensure a smooth visit to the Kingdom.

Afshan Ibrahim by — February 9, 2025 in News