NEW DELHI: Indian police have arrested three Muslim students and a teacher for celebrating the Pakistan cricket team’s crushing victory over arch-rivals India at the Twenty20 World Cup, officials said Thursday. The students, originally from Indian Illegally occupied Jammu and Kashmir (IIOJK), were taken into custody on Wednesday in the northern city of Agra for … Read more
BEIJING: A decision by the United States to ban China Telecom from operating in the country on national security concerns is “malicious suppression”, Beijing said Thursday, warning it would damage a tentative thaw in relations. Tensions are high between the world’s two biggest economies on a plethora of fronts, including trade, human rights, Taiwan and … Read more
LAHORE/ISLAMABAD: As the outlawed Tehreek-e-Labbaik Pakistan marches towards Islamabad, Interior Minister Sheikh Rashid announced on Wednesday that the government has called the Punjab Rangers to maintain the law and order situation. “Rangers have been called in to maintain law and order situation in Punjab under Article 147 for 60 days at the request of the … Read more
Information Minister Fawad Chaudhry vowed on Wednesday that the state will not tolerate the outlawed Tehreek-e-Labbaik Pakistan (TLP), and announced that the government has decided to treat the party as a “militant” organisation. Addressing a press conference after the cabinet meeting, Fawad said sternly that the state’s “patience” in dealing with the organisation has ended. … Read more
Fauji Fertilizer Company Limited (FFC) announced that the company has registered a net profit of Rs15.89 billion during the first nine months of the ongoing year, said a press release on Wednesday. The financial results for the nine months ended September 30, 2021 were announced after FFC’s Board of Directors meet on October 27, 2021. … Read more
ISLAMABAD: Chairman Parliamentary Committee on China Pakistan Economic Corridor (CPEC) Sher Ali Arbab remarked on Wednesday that Parliament can play a key role in “shaping positive public opinion” on the billion-dollar project. The Pakistan Tehreek-i-Inaf (PTI) lawmaker observed while giving his keynote speech “CPEC: Fact vs. Fiction” webinar organised by the Pakistan-China Institute. The Webinar … Read more
KARACHI: The Pakistan equity market turned positive on Wednesday on the news of $3 billion support from Saudi Arabia, which in turned, supported the local currency against the greenback, dealers said. An analyst at Topline Securities said the KSE-100 Index rallied attributable to improvement in sentiments, owing to reports, suggesting that Saudi Arabia would deposit … Read more
KARACHI: Pak Elektron Limited (PEL) has announced a net profit of Rs349.6 million, translating into the earnings per share (EPS) of 68 paisas for the quarter ended September 30, 2021, which is 38.7 per cent higher than the profit of Rs253.1 million and the EPS of 49 paisas recorded in the corresponding period of the … Read more
ISLAMABAD: Pakistan and the Russian Federation continued to hold negotiations to build the North-South gas pipeline, now Pak Stream Gas Pipeline for which the two sides signed an Inter-Governmental Agreement in 2015. The agreement envisages laying of a 1,100km long pipeline to carry 1.6bcfd gas from Karachi to Lahore. The two countries are currently holding … Read more
DOHA: Chinese State Councilor and Foreign Minister Wang Yi held talks with Qatari Deputy Prime Minister and Foreign Minister Sheikh Mohammed bin Abdul Rahman Al Thani, during which they discussed the bilateral ties and the situation in Afghanistan. Noting that China and Qatar are important strategic partners, Yi said that China appreciates Qatar’s commitment to … Read more
KARACHI: The Federal Board of Revenue (FBR) has issued recovery notices, amounting multibillion rupees related to income and sales tax to Shell Pakistan Limited. The financial statement of Shell Pakistan Limited for the nine months period ended September 30, 2021, the company received a demand order from the tax authorities in respect of the tax … Read more
NEW YORK: Boeing’s troubles with the 787 plane dragged down its financial results in the third quarter, resulting in another loss, as the aviation giant struggles to fully recover from earlier stumbles. Boeing reported a loss of $109 million, compared with a loss of $449 million in the year ago. The company announced $1 billion … Read more
LAHORE: Pakistan Single Window Programme (PSWP) project director Muhammad Imran Khan Mohmmand has expressed the hope that the programme would reduce the cost of doing business and minimise the interface between the taxpayers and collectors. Addressing a workshop on PSWP, organised by the All Pakistan Textile Mills Association (Aptma) Northern Zone for its members at … Read more
ISLAMABAD: The government has admitted the fact that massive hike in petroleum prices has increased the prices of all essential commodities and food items. This was disclosed during a meeting of the National Price Monitoring Committee (NPMC) held at the Finance Division on Wednesday and presided over by Adviser to the Prime Minister on Finance … Read more
ISLAMABAD: The Saudi Fund for Development will deposit $3.2 billion in the account of the State Bank of Pakistan (SBP) to help the country ease off pressure on the exchange rate and balance-of-payments position, a senior official said on Wednesday. Adviser to the Prime Minister on Finance Shaukat Tarin said that Saudi Arabia will also … Read more
LONDON: The UK government, after triggering an outcry by cutting its foreign aid budget, vowed to restore the funding in the coming years ahead of a UN climate summit where help for poorer countries will be pivotal. Presenting his budget for the next fiscal year, Finance Minister Rishi Sunak said that the aid figure would return … Read more
LONDON: Britain’s pandemic-hit economy is expected to rebound by 6.5 per cent this year before slowing slightly in 2022, Finance Minister Rishi Sunak announced on Wednesday in his budget statement. The 2021 forecast was much stronger than the 4 per cent growth predicted in March but Sunak added that the pace would slow to 6 per … Read more
KARACHI: The Bank Al Habib Limited has posted a decline of 18 per cent in the profit-after-tax for the quarter ended September 30, 2021, according to the financial results shared with the Pakistan Stock Exchange (PSX) on Wednesday. The bank declared earnings per share of Rs4.43 for the quarter, compared with the EPS of Rs5.39 … Read more
KARACHI: Fauji Fertilizer Company Limited (FFC) announced profit of Rs6.4 billion (EPS: Rs5.07) for the quarter ended September 30, 2021, up 39 per cent, compared with the profit of Rs4.6 billion (EPS: Rs3.64) during the same period of the last year, a bourse filing said on Wednesday. Alongside the results, FFC announced a cash dividend … Read more
Pakistan Democratic Movement (PDM) chief Maulana Fazlur Rehman on Wednesday asked the government to allow the outlawed Tehreek-e-Labbaik Pakistan (TLP) to use their right to protest while demanding a postponement of the upcoming local government elections. In a press conference in Islamabad, the PDM chief slammed the government for the “suspicious” voter list formed for … Read more
Sultan Arshad Khan’s name is synonymous with music history in Pakistan. He is known as the foremost authority when it comes to film music and has dedicated his life to promoting it in the country. A book about the many music composers in India and Pakistan was due from him for a long time, for … Read more
KARACHI: The much-hyped new trading system at the Pakistan Stock Exchange (PSX) collapsed just on the third day of its implementation, causing even further discomfort among the traders, who were already disappointed with the options and features of this new system. Sani Mehmood Khan, former deputy managing director at the bourse, said that the new … Read more
KARACHI: The rupee on Wednesday recovered sharply by Rs2.49, or 1.44 per cent, against the dollar; following the announcement of Saudi Arabia to place $3 billion with the State Bank of Pakistan (SBP), dealers said. The exchange rate ended at Rs172.78 against the greenback from the previous day’s closing of Rs175.27, which was the lowest … Read more
Parizaad has been ruling the ratings since it has aired on TV. What keeps the audience glued to the drama is not just the character Parizaad but his encounters with different women.
KARACHI: The National Bank of Pakistan (NBP) has posted a sharp decline of 31.43 per cent in the profit-after-tax for the quarter ended September 30, 2021, according to the financial results shared with the Pakistan Stock Exchange (PSX) on Wednesday. The bank declared earnings per share of Rs3.55 for the quarter, compared with the EPS … Read more
KARACHI: Patron-in-chief of the United Business Group (UBG) and former CEO of the Trade Development Authority of Pakistan (TDAP) S M Muneer has invited the Canadian businessmen to invest in Pakistan and to promote bilateral trade, a statement said on Wednesday. Addressing the dinner hosted for him by Amir Shamsi, chairman of the Universal Group … Read more
KARACHI: The MCB Bank Limited has recorded a decline of 2.43 per cent in its net profit for the nine months period ended September 30, 2021, a bourse filing said on Wednesday. The profit-after-tax of the bank fell to Rs22.84 billion during January-September 2021, compared with Rs23.41 billion in the corresponding period of the last … Read more
KARACHI: Provincial Energy Minister Imtiaz Shaikh has appreciated the work being done by the Sindh Engro Coal Mining Company (SECMC) at the Thar Coal Block II, an official of the SECMC said. “The minister along with a delegation after visiting Thar Coal Block II project appreciated the diversity and inclusion approach of SECMC and pledged … Read more
