DUBAI: The Pakistan Pavilion established at the Expo 2020 Dubai achieved a milestone after it attracted 120,000 visitors within the first 18 days of the exhibition, a statement said. Pakistan became one of the most visited pavilions since the greatest show Expo 2020 Dubai opened its doors on October 1, 2021. The colorful exterior of … Read more
BEIJING: The representatives of over 50 renowned automobile companies from different parts of China attended the Pakistan automobile roundtable seminar and were briefed about the conducive investment environment and attractive incentives offered by the present government for the foreign entrepreneurs, especially from China. The seminar, organised by the Pakistan Embassy in Beijing was attended by … Read more
ISLAMABAD: Federal Minister for Planning, Development, Reform and Special Initiatives Asad Umar on Saturday appreciated the United States International Development Finance Corporation for its longstanding interest and continued investments in Pakistan. With its expanded portfolio and available flexibilities, DFC could play an important role in financing public sector and public-private partnership projects in Pakistan, as … Read more
Prime Minister Imran Khan arrived in the holy city of Madinah on a three-day trip to the kingdom, said his office on Saturday. “Prime Minister Imran Khan arrives in Madinah on three-day official visit to Saudi Arabia,” tweeted the PM Office. Deputy Governor of Madinah Prince Saud bin Khalid Al-Faisal received the PM on his … Read more
SUKKUR: After remaining in jail for two years, senior Pakistan Peoples Party leader Khursheed Shah was released by jail authorities in Sukkur. The former opposition leader in the National Assembly was released by Sukkur Central Jail after his son deposited Rs10 million surety bonds in the Sukkur Accountability Court as per the Supreme Court. In … Read more
KARACHI: A recent study in the Neoplasia journal by faculty at Aga Khan University (AKU)’s Centre for Regenerative Medicine (CRM) and Cardiff University has pinpointed a series of cascading chemical reactions or a signalling pathway that, when targeted, can kill, or suppress the growth of resistant leukemic cancerous cells. As per a press release, nearly … Read more
KARACHI: The rupee is likely to stay under pressure next week due to bulk external payments and expected rise in the international oil prices. The rupee ended the week with a record low of Rs174 against the dollar. The local currency fell Rs2.82, or 1.65 per cent, during the outgoing week. The exchange rate ended … Read more
KARACHI: The Pakistan equity market gained 1.68 per cent during the week ended October 22, 2021, while analysts expect the market to remain positive in the upcoming week. “With [the] IMF [International Monetary Fund] and Pakistan expected to reach [an] agreement soon, the investors’ sentiment is anticipated to remain buoyant. Moreover, with the ongoing results … Read more
After two challenging years of pandemic spread and lockdowns, the world is gathering in the United Arab Emirates, the home of hope and connectivity for international community, as the Expo 2020 Dubai and GITEX Technology Week 2021 constituted a global starting point to showcase the latest smart services and technologies used in all fields, especially … Read more
Foreign Office spokesperson clarified on Saturday that currently there is no understanding between Pakistan and the United States for the use of the country’s airspace to carry out military and intelligence operations in Afghanistan. “In response to media queries regarding latest news report alluding to formalisation of an agreement for the use of Pakistan’s airspace … Read more
The recent controversy of Ali Azmat brought him in the spot of people’s judgment and he faced backlash for being disrespectful to the late queen of melody Madam Noor Jehan. Azmat releases a video to clear the air and tell the viewers that he respects the legend with all his heart. He reminiscences his childhood … Read more
KARACHI: The Pakistan stocks took a correction from an intraday low of 641 points and managed to close at 45,578, down 243 points, dealers said. “Negative contributors to the index correction were TRG Pakistan, Engro, Pakistan Petroleum Limited (PPL) and Pakistan State Oil (PSO),” Neelam Naz at JS Global Capital said. “Going forward, next week … Read more
MOSCOW: The Bank of Russia decided on Friday to increase the key interest rate from 6.75 per cent to 7.5 per cent/annum due to the rising inflation pressure. The annual inflation rose to 7.4 per cent in September from 6.7 per cent in August, the central bank said in a statement. Inflation increased substantially above … Read more
PARIS: Several OECD nations, including Britain, Japan and the United States have agreed to halt government-supported export credits for coal-fired power plants. With the latest international climate conference just days away, the proposed ban will halt support to new coal power stations that don’t have systems that trap the carbon emissions responsible for global warming. For … Read more
LAHORE: The Pakistan Sugar Mills Association (PSMA) Khyber-Pakhtunkhwa Zone has condemned the arrest of sugar mill-owners and other senior management in Punjab. This alarming situation has further exacerbated the crisis-like situation of the sugar industry, which was already facing severe financial constraints, it said. As the crushing season is around the corner, the sugar mills … Read more
KARACHI: The State Bank of Pakistan (SBP) on Friday released its Annual Payment Systems Review (PSR) for the fiscal year 2020/21, showing strong growth in the space of digital financial transactions in the country. The central bank continued its pursuit for the development of a robust and efficient payments ecosystem in Pakistan. According to the … Read more
KARACHI: Sindh Chief Minister Murad Ali Shah while firing a broadside on the PTI over rising prices asked the leaders of the party to leave the country as he believes that they will keep on inflicting tyranny on the masses as long as they are in Pakistan. Addressing a PPP power show in Karachi’s Malir … Read more
KARACHI. Muhammad Aslam, a bookseller at the old books market in Karachi’s Gulshan Iqbal neighbourhood, concurs with Virginia Woolf that “Read a thousand books and your words will flow like a river.” He only has something to add to this adage. “It is not just about words; reading also enlightens the minds, it helps in … Read more
WASHINGTON: The US Federal Reserve has announced stricter investment rules for officials of the central bank; following recent controversies over trading activities. The rules would prevent the Fed officials from holding individual stocks, prohibit trading during times of unusual market stress, require pre-approval of trades, and more frequent disclosure of trading activity to “help guard against … Read more
KARACHI: After listening to the hardships being faced by the traders of Jodia Bazaar, Businessmen Group (BMG) chairman Zubair Motiwala and Karachi Chamber of Commerce and Industry (KCCI) president Muhammad Idrees assured that the Karachi Chamber will take up all their issues with the relevant quarters and will try its best to get them resolved … Read more
KARACHI: A board of directors’ meeting to consider merger of Fauji Cement Company Limited and Askari Cement Limited is scheduled to be held on October 28, 2021, an official said on Friday. The meeting will consider passing a resolution to proceed with the process of amalgamation of Askari Cement with and into FCCL if deemed … Read more
KARACHI: K-Electric Limited (KE) has sought an increase of Rs3.45/kWh (unit) in tariff for September under monthly fuel cost adjustment. In a petition to the National Electric Power Regulatory Authority (Nepra), the KE said it spent an additional Rs6.639 billion on fuels in September, which would be recovered from the consumers, whereas some portion of … Read more
KARACHI: The Trade Development Authority of Pakistan (TDAP) will participate in Heimtextil Frankfurt 2022, a statement said on Friday. The fair will help understand the European market and to increase buyers of Pakistani products, an official of the authority said. Heimtextil is the biggest international trade fair for home and contract textiles, and will be … Read more
MOSCOW: Israel’s Prime Minister Naftali Bennett visited Russian President Vladimir Putin for the first on Friday for talks expected to focus on Iran. Naftali took office in June, following Benjamin Netanyahu who was in power for 12 years and had close ties with Putin. Russian state television aired footage of the pair meeting ahead of … Read more
LONDON: Questions mounted Friday about the health of 95-year-old Queen Elizabeth II after she had tests and spent a night in hospital, despite royal officials saying she was resting at home. Buckingham Palace had said on Wednesday morning that she pulled out of a planned engagement in Northern Ireland and had been advised to rest … Read more
KARACHI: The Sindh High court was informed on Thursday that “fair and judicious” price of fresh milk could not be worked out despite several meetings with the stakeholder. According to a detailed report submitted before a bench headed by Justice Muhammad Karim Khan Agha, which was hearing a petition of All Karachi Milk Retailers Welfare … Read more
BEIJING: A gas explosion at a restaurant ripped through a busy street in a major Chinese city on Thursday, killing at least four people and injuring dozens, local authorities said. Dramatic footage from a nearby car’s dashboard camera, published by state media, showed a large cloud of smoke and dust erupting over the street as … Read more
KARACHI: The Pakistan bourse started the day on a positive note and crossed the psychological barrier of 46,000, as investors were expecting a positive outcome from the IMF talks and the Financial Action Task Force (FATF) decision where the SBP governor said the country had fulfilled all the major FATF requirements, dealers said. “Interest was … Read more
