KARACHI: The Pakistan stocks remained range-bound on Tuesday with the lacklustre participation, as investors remained concerned over increasing political uncertainty and persistently depreciating rupee against the greenback, amid rollover week, dealers said. An analyst at Topline Securities said another lacklustre was witnessed during the day. “Investors sentiment remained low in absence of any positive trigger’, … Read more
Foreign Minister Shah Mahmood Qureshi observed on Tuesday that “joint efforts” between Islamabad and Tehran is key to achieving a “peaceful and stable Afghanistan”, said the Foreign Office spokesperson. Foreign Minister Qureshi held a working luncheon with Iran’s top diplomat Dr Amir Abdullahian at the Iranian Foreign Ministry in Tehran. Pakistan’s Special Representative for Afghanistan … Read more
LAHORE: Amid reports of a hike in petroleum prices, Opposition Leader in the National Assembly Shehbaz Sharif vowed that he would strongly oppose any such move in Parliament. In a statement, Shehbaz alleged that Prime Minister Imran Khan was piling on taxes and shooting inflation through the roof while trampling upon the basic constitutional rights … Read more
LAHORE: Pakistan Peoples Party (PPP) workers and leaders are gearing up for a nationwide protest drive against inflation on the instructions of their chairman Bilawal Bhutto Zardari. PPP chairman, in a gathering of select party workers at Karachi’s Gharibabad locality on Monday, had announced that his party would hold nationwide protests on October 29 against … Read more
LAHORE: The Punjab Provincial Development Working Party (PDWP) has approved three development schemes of urban development and agriculture sectors with an estimated cost of Rs25.854 billion. Planning and Development Board chairman Abdullah Khan Sumbal presided over the meeting that approved the construction of Rawalpindi Ring Road-R3 (38.3km) main carriageway (MCW) from Baanth (N-5) to Thalian … Read more
KARACHI: The board of directors of TPL Insurance Limited received a draft term sheet in respect of the investment by the Finnish Fund for industrial cooperation, which seeks to invest in the financial businesses in Asia and Africa, a bourse filing said on Tuesday. “The draft term sheet was presented before the board of directors … Read more
KARACHI: The Trading Corporation of Pakistan (TCP) on Tuesday floated an international tender for the import of 100,000 tonnes of urea, as the country seeks to build strategic urea reserves given higher commodity prices in the international market. The tender will be opened on November 22, 2021. Earlier this month, the Economic Coordination Committee (ECC) … Read more
KARACHI: The International Steels Limited (ISL) has announced a net profit of Rs2.66 billion and earnings per share (EPS) of Rs6.13 for the quarter ended September 30, 2021, which is 375 per cent higher than the profit of Rs559.1 million and the EPS of Rs1.29 in the corresponding quarter of the last year. “The result … Read more
Lt Gen Nadeem to take charge on Nov 20, Lt Gen Faiz to man post till Nov 19
LAHORE: The Pakistan Petroleum Limited (PPL) earned a profit-after-tax of Rs52.4 billion, the second highest for the company. The company also announced a final cash dividend of 20 per cent on ordinary and 15 per cent on convertible preference shares. This was announced in the 70th annual general meeting of the Pakistan Petroleum Limited (PPL), … Read more
ISLAMABAD: The export of pharmaceutical goods from the country has witnessed an increase of 7.36 per cent during the first three months of the financial year 2021/22, compared with the corresponding period of the last year. Pakistan exported pharmaceutical products worth $73.428 million during July-September 2021/22, compared with the export of $68.393 million during July-September … Read more
ISLAMABAD: Pakistan Agricultural Research Council (PARC) chairman Dr Ghulam Muhammad Ali on Tuesday said that the council has started work on new breeding technologies, including speed cloning, speed breeding, genomic selection and genomic editing for enhancement of crop production for achieving food safety and security in the country. Briefing federal secretary for the Ministry of … Read more
KARACHI: The rupee continued to fell to another record low of Rs175.27 against the dollar on Tuesday, dealers said on Tuesday. The exchange rate recorded a decline of 84 paisas in the rupee value against the dollar from last day’s closing of Rs174.43, the previous record low, in the interbank foreign exchange market. The dealers … Read more
BEIJING: China is a huge potential market for Pakistani goods and the country should find ways to continuously expand exports to China to reduce bilateral trade imbalance, visiting professor at Southwest University of Political Science and Law Cheng Xizhong said. “To reduce the trade imbalance between the two countries, both sides should make efforts and … Read more
SEOUL: South Korea’s global trade topped $1 trillion in 2021 at the fastest pace due to the global demand recovery from the Covid-19 pandemic, the government data showed on Tuesday. As of Tuesday afternoon, the country’s export amounted to $512.2 and import came in at $487.8, according to the joint data from the Ministry of … Read more
KARACHI: The OIC Women Development Organization (WDO) organised its first training course for the experts of its member states at the United Nations and Capitals, a statement said on Tuesday. Over the course of three days, the OIC Women Development Organization held the first training workshop for the experts of its member states with the … Read more
LOS ANGELES: Two people were killed Monday and four others were injured including a police officer when a gunman opened fire in a shopping mall in the US state of Idaho. Police in Boise were called to the mall with reports “that at least one person was shot and down,” the city’s police chief Ryan Lee told reporters. … Read more
KARACHI: The older a woman gets the higher their chances of being diagnosed with breast cancer, said President of Pink Pakistan Dr Zubaida Qazi. According to a press release, Dr Qazi was speaking at an awareness session organised by her organisation for the Sindh government employees to highlight the importance of early detection in the … Read more
LONDON: The minimum wage in Britain will rise from £8.91 to £9.50 per hour next year, the Treasury announced on Monday. The hike “means a full-time worker on the National Living Wage will see a pay rise of more than £1,000 a year,” said a Treasury statement, using the official term for the minimum wage … Read more
KARACHI: Chief Minister Sindh Murad Ali Shah and Administrator Karachi Metropolitan Corporation (KMC) Murtaza Wahab earned the ire of the Supreme Court of Pakistan which was hearing cases pertaining to encroachments along storm-water drains and amenity plots in Karachi on Monday. The CM was called by the apex court to know the progress on rehabilitation … Read more
KARACHI: Sindh Chief Minister Murad Ali Shah on Monday gave undertaking to Supreme Court of Pakistan that those dislodged from their homes during the drive initiated on the orders of apex court to remove encroachments on and around the storm-water drains in Karachi would be rehabilitated within two years. The SC bench headed by Chief … Read more
RIYADH: Prime Minister Imran Khan on Monday warned global leaders that if the world does not take action on climate change drastically then the rivers that feed the population will run out of water due to the melting glaciers. PM Imran, in a heartfelt plea at the Middle East Green Initiative (MGI) Summit in Riyadh, … Read more
Prime Minister Imran Khan on Monday underscored the need for Islamabad and Washington to share “ideas, expertise and technology” in the fight against climate change, said his office. PM Imran took up the issue of climate change in a meeting with United States Special Presidential Envoy for Climate John Kerry on the sidelines of the … Read more
Prime Minister Imran Khan remarked on Monday that it was not a “good idea” to talk about improving relations with India after Sunday’s “thrashing” of the Indian team by Babar Azam and co. “I know after last night’s (Sunday) thrashing by Pakistan team in the cricket match its not a very good time to talk … Read more
Following “successful negotiations”, Interior Minister Sheikh Rashid Ahmed announced on Sunday that the government would take back the cases registered against Tehreek–i-Labbaik Pakistan (TLP) leaders and workers during next week. Addressing a much-awaited press conference, the minister shared that he had a detailed conversation with TLP’s shura for eight hours and also had a separate … Read more
Security forces gunned down six terrorists including a commander of the outlawed Balochistan Liberation Army (BLA) in an intelligence based operation (IBO), said the Inter Services Public Relations (ISPR) Sunday morning. The military’s media wing shared that the security forces had launched the operation in the near Jamboro area of Harnai in Balochistan after receiving … Read more
The outlawed Tehreek–i-Labbaik Pakistan (TLP) Sunday morning decided to convert their march towards Islamabad into a sit-in till their demands are met after talks with the government “ended successfully”, confirmed ministers. “Talks between the government and demonstrators have ended successfully,” announced interior minister Sheikh Rashid. He also shared that he will hold a press conference … Read more
LAHORE: Interior Minister Sheikh Rashid chaired an important meeting in Lahore on Saturday to review the grim law and order situation in the province emerging from the long march announced by a banned religious outfit Tehreek–i-Labbaik Pakistan (TLP) towards Islamabad. The high-level security meeting was attended by federal and provincial ministers including Religious Minister Noorul … Read more
