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Pakistan exports $1.7b in IT services in seven months.

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The Pakistan Bureau of Statistics (PBS) revealed that there has been a 12.78% increase in earnings from service provision, amounting to US $1,724.969 million, compared to the equivalent months of the previous fiscal year 2022–23.

Over the course of the reviewed months, the export of computer services experienced a growth rate of 14.09%, increasing from US $1,224.499 million in the previous year to US $1,397.051 million during the period of July–January 2023–24.

The export of software consulting services increased by 1.14%, from US $3.502 million to US $3.542 million this year. Similarly, the export of hardware consultancy services also saw a jump of 4.73%, from US $454.283 million to US $475.783 million.

The export of repair and maintenance services declined by 12.17%, from US $1.594 million to US $1.400 million. In contrast, the export and import of computer software services increased by 2.71%, from $349.635 million to $359.094 million.

During the specified period, there was a significant decrease of 19.62 percent in the export of information services, dropping from US $2.600 million to US $2.090 million.

The exports of information-related services climbed by 1.99%, from US$0.804 million to US$0.820 million. However, the exports of news agency services declined by 29.29%, from US $1.796 million to US $1.270 million.

According to the data, the export of telecommunication services grew by 7.69%, rising from US $297.870 million to US $320.780 million.

The export of call center services in the telecommunications industry increased by 18.95% during the specified period, rising from US $121.349 million to US $144.350 million. Conversely, the export of other telecommunications services experienced a slight decrease of 0.05%, dropping from US $176.521 million to US $176.430 million. This information was revealed by the PBS data.

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Over Pakistan, Rain and Snowfall Are Expected Over the Next Three Days

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As a succession of westerly winds sweep into the upper areas of Pakistan, rain is expected to fall during the following three days.

The Meteorological Department forecasts snowfall in mountainous regions and rainfall in Khyber Pakhtunkhwa, Kashmir, and Gilgit-Baltistan. There will be rain in Balochistan and the Punjabi plains, including Islamabad and Rawalpindi.

In addition, Khyber Pakhtunkhwa, Gilgit-Baltistan, Kashmir, Upper Punjab, Islamabad, and Northeastern Balochistan are scheduled to see strong winds, thunderstorms, and partly overcast weather during the course of the next day.

Since last month, there has been mild to severe haze in some portions of the country’s upper regions. The capital of Punjab, Lahore, as well as cities like Multan and Sialkot, are among the areas most severely impacted by dense fog.

Other regions of the nation will see dry weather in the interim. It is anticipated that most of Punjab will see morning smog and fog, which will eventually dissipate by nightfall.

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Dar chairs the CCOP meeting; Blue World’s bid offer of Rs.10 billion is rejected.

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The Foreign Minister/Deputy Prime Minister chaired the Cabinet Committee on Privatization meeting.

Other committee members who attended the conference included the Federal Secretaries of several Divisions, the Ministers of Finance and Revenue, Industry and Food, Commerce, Power, and Privatization.

The CCOP took the PC Board’s recommendation into consideration and suggested that Blue World’s bid of 10 billion rupees for the sale of 60% of PIACL’s shares be rejected. The bid was rejected by the CCOP, who chose to follow the PC Board’s advice.

The government’s determination to sell out PIACL through government-to-government or privatization was reaffirmed by the CCOP.

The CCOP was pleased with the Aviation Division’s evaluation of PIACL’s sound financial standing.

Additionally, the CCOP established a committee, chaired by the Minister of State for Finance, to assess potential transaction possibilities for the privatization of the Roosevelt Hotel and the appropriate modes of adoption in light of existing legal rules.

Prior to its subsequent meeting, the CCOP also ordered that all difficulties be resolved and an agreement for the selling of services to an international hotel be concluded.

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Combating Terrorism: Twelve Terrorists Destroyed in Separate Operations by Security Forces

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Eleven terrorists and Kharijis were killed in two separate intelligence-based operations in Balochistan’s Miran Shah District and North Waziristan. One of the victims was Sana Alias Baru, a high-value target.

In the vicinity of Miran Shah in North Waziristan, security forces successfully fought the Khwarij, leading to the death of eight and injury of six.

The general region of Balgatar, Kech District, Balochistan was earlier the scene of an Intelligence-Based Operation that resulted in the deaths of four terrorists, one of them was a high-value target.

Authorities in Kech District were actively seeking Baru, who had a pivotal role in recruiting members of the so-called Majeed Brigade, particularly suicide bombers.

Among the terrorists’ possessions were weapons and ammo.

In order to eradicate any lingering terrorists in the vicinity, a sanitation operation is currently under progress.

With unwavering resolve, the Pakistani security forces will eradicate the terrorist threat from the nation.

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