As the PTI-led government finds ways to break the deadlock, a 12-member committee was formed on Saturday to play as the negotiator between the government and the outlawed Tehreek-i-Labbaik Pakistan (TLP). Religious Affairs Minister Noor ul Haq Qadri announced the formation of the committee in a news conference after attending PM Imran Khan’s meeting with … Read more
BEIJING: Gold consumption in the Chinese market continued to rebound in the first nine months of 2021, led by a stable recovery of the domestic economy, industry data showed. In the January-September period, China’s gold consumption totalled 813.59 tonnes, up 48.44 per cent on a year-on-year basis, the data released by the China Gold Association … Read more
WASHINGTON: Facebook’s name change offers a convenient diversion as scandal plagues the platform, but the new handle is also key to the firm’ s costly effort to save itself from very real threats, experts said. Jokes and vitriol poured in after CEO Mark Zuckerberg unveiled the new corporate handle ‘Meta’, with critics blasting it as … Read more
RIYADH: Saudi Arabia on Friday said it was recalling its ambassador to Lebanon and giving Beirut’s envoy 48 hours to leave Riyadh, after “insulting” remarks made by a Lebanese minister on the Yemen war. Saudi Arabia ordered the “recall of the ambassador in Lebanon for consultations, and the departure of Lebanon’s ambassador to the kingdom … Read more
KARACHI: The rupee may get respite against the dollar during the next week, owing to expected foreign transfers under the Saudi financial package. Further, the authorities hoped that the ongoing negotiations with the International Monetary Fund (IMF) would also be finalised for transfer of the next tranche. The local currency during the outgoing week witnessed … Read more
LAHORE: The Federal Investigation Agency (FIA) Lahore has registered separate cases against two oil marketing companies (OMCs), Askar Oil Services and Fossils Energy Pvt Ltd, and arrested five officials; following inquiries in the petroleum crisis of June 2020, BOL News has learnt. According to the FIA officials, Fossil Energy Pvt Ltd CEO Nadeem Butt, Oil … Read more
ROME: Queen Elizabeth II is in good spirits, British Prime Minister Boris Johnson stressed on Saturday after doctors advised the 95-year-old monarch to rest for at least another fortnight. The Queen, who spent a night in hospital last week for “preliminary investigations”, has since been following medical advice to recuperate and been conducting only light … Read more
KARACHI: Walking through Sapat beach at Lasbela, Balochistan is not an easy task. My friends and I decided to crisscross 220 kilometres on our two-wheelers from Karachi to Balochistan. Our journey began from Nazimabad where we put on our safety gear to ride the motorcycles on the highway. After half an hour of traveling through … Read more
KARACHI: A question that often arises in the city is what causes persistent inflation in the domestic economy and who profits from it, especially in such times of skyrocketing prices. Abdul Ghani, a seller of essential daily commodities in Jodia Bazaar, one of Karachi’s main wholesale markets, points out that despite the fragility of the … Read more
Saudi Arabia on Friday submitted its bid to host Expo 2030, reported UAE-based publication Khaleej Times. The bid, which has been moved by Saudi Crown Prince Mohammad bin Salman, under the theme “The era of change: Leading the planet to a foresighted tomorrow”. “The letter, from Crown Prince HRH Mohammed bin Salman Al Saud, was … Read more
Pakistan has been one of the major contributors to the United Nations peacekeeping forces, and to celebrate the 75th birthday of the supranational organisation they made a special symbol. “On UN Day 2021, MINUSCA’s blue helmets from Pakistan marked the day by forming a 76 with their young peacekeepers – in celebration of the 76th … Read more
LAHORE: Additional Director General (ADG) of the Federal Investigation Agency (FIA) Dr Ehsan Sadiq was transferred over the alleged controversy with his junior officer serving at the Cyber Crime Wing. “Mr Ehsan Sadiq, a BS-21 officer of Police Service of Pakistan, presently serving in Federal Investigation Agency (FIA), under Interior Division, is transferred and his … Read more
KARACHI: About 21 per cent of children in Karachi have stomach worms which is affecting their mental and physical development. These views were expressed by health experts and provincial health department officials while addressing a press conference recently at the Karachi Press Club. Dr Akram Sultan, director health Karachi, Dr Noor Muhammad Shah, deputy director … Read more
KARACHI: Consul General (CG) of Italy in Karachi Danilo Giurdanella has said that the trade potential between his country and Pakistan is $5 billion, which is five times the current volumes of bilateral trade. “$5 billion is our trade potential which is five times more than where our trade currently stands,” he said. Mr Giurdanella was … Read more
LAHORE: Growers of the basmati rice are likely to get the much-awaited hybrid seeds, which are capable of doubling the yield, compared to the available varieties in the next two to three years. The Guard Agricultural Research and Services (Guard Agri) has already started field trials for its ‘hybrid basmati’ seed to provide disease-resistant, long-grain, … Read more
WASHINGTON: The infrastructure and social services spending plans the White House is pushing Congress to enact, will not fuel inflation in the United States, Treasury Secretary Janet Yellen said on Friday. The proposals to spend $1.2 trillion on infrastructure upgrades and $1.75 trillion on education, health and child and clean energy are centerpieces of President … Read more
KARACH: The leftist Barabari Party Pakistan (BPP) aims to give voice to the working and middle classes to challenge and change the prevalent system as the ever-growing social inequality and exploitation of the poor are proving to be detrimental for the Pakistani society. This was stated by singer-turned-politician Jawad Ahmed, the founder and head of … Read more
LONDON: Britain’s competition regulator on Friday said it would probe the almost $10 billion takeover of the UK supermarket chain Morrisons by the US private equity firm Clayton, Dubilier and Rice. The Competition and Markets Authority has served a so-called initial enforcement order that prevents the merger from completing until the CMA is satisfied that … Read more
KARACHI: The State Bank of Pakistan (SBP) has said that FY21 remained a particularly challenging year, as the global economy adjusted to the economic and financial challenges posed by the Covid-19 pandemic, including multiple waves of virus outbreak and ensuing containment measures. “Amid such testing times; however; Pakistan’s economy rebounded strongly compared with the previous … Read more
ISLAMABAD: Information Minister Fawad Chaudhry, while warning the Tehreek-e-Labbaik Pakistan (TLP), said that Pakistan was not a “monarchy” and the law has to prevail in the country. “We are not in a monarchy. It’s a government by the law and law has to prevail,” said Fawad in a news conference on Friday. The minister claimed … Read more
KARACHI: Supreme Court of Pakistan on Friday ordered removal of all structures within the premises of Hindu Gymkhana which are affecting the heritage character of the building. The SC bench headed by Chief Justice Gulzar Ahmed and comprising Justice Ijaz Ul Ahsan and Justice Qazi Muhammad Amin Ahmed, while hearing a case pertaining to a … Read more
MAKKAH: The President of the General Presidency for the Affairs of the Two Holy Mosques Sheikh Dr Abdulrahman Bin Abdulaziz Al-Sudais inaugurated the Smart Disinfection Robot at the Grand Mosque, which works for four hours, with a capacity of more than 68 litres of water, and covers more than 2,000 square metres/working hour, Saudi Press … Read more
KUALA LUMPUR: The companies listed in Malaysia will be required to have at least one woman director on their boards starting next year, the government said on Friday, a rare policy for an Asian country. Around 250 companies, around a quarter of those listed on the Malaysian Stock Exchange, still don’t have women on their … Read more
Indonesian envoy urged on Friday that Jakarta and Islamabad need to “transform” their “historic links to trade and travel”. “Indonesia and Pakistan need to transform its historic links to trade and travel,” said Indonesian Ambassador Adam Mulawarman Tugio in a webinar organised by Karachi Council on Foreign Relations. The webinar focused on Indonesia and Pakistan’s … Read more
ISLAMABAD: Building further on its policy of ensuring ease of doing business, the federal government has provided relief to the business community by extending the warehousing period and waiving off the penal surcharge on overstayed goods, lying un-cleared in the Customs bonded warehouses. The Federal Board of Revenue (FBR) in its notification No SRO 1399 … Read more
ISLAMABAD: To meet the fertiliser demand for the Rabi crop, the government will import 100,000 tonnes of urea and also assured the fertiliser sector to supply gas on priority basis. In this regard, Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin chaired a meeting on fertiliser at the Finance Division on Friday. … Read more
KARACHI: The Service Fabrics Limited has placed plant and machinery import orders to restart its calcium carbide manufacturing plant, which had ceased operations in October 2004, partly due to the regulatory proceedings that the company failed to protect interest of the shareholders, a bourse filing said on Friday. “To step forward, the implementation of [the] … Read more
RIYADH: The fifth edition of the Future Investment Initiative (FII) concluded on Thursday in Riyadh with major investment deals and cooperation. The three-day event under the theme “Invest in Humanity,” has attracted around 5,000 individuals and 300 speakers from strategic and knowledge partners, the Saudi Press Agency reported. Saudi Vice-Minister for Culture Hamed bin Mohammed Fayez … Read more
