KARACHI: “Breast cancer is curable if detected early, yet many women lose their lives to this. This is because they are scared to discuss it and don’t have the proper knowledge of how to deal with such health issues. They are unable to differentiate the morality part of it and the medically necessary part of … Read more
KARACHI: Empress Market was and in many ways still is a transport hub in the metropolis. The landmark is where students boarded buses for their colleges and the city’s largest educational institution, Karachi University (KU). The KU point buses started and ended their route at this market. Although it had lost the usual hustle and … Read more
LONDON: Britain’s competition watchdog said on Wednesday it had fined social network giant Facebook over £50 million for a ‘deliberate’ failure to supply information linked to its takeover of animated graphics startup Giphy. The Competition and Markets Authority said the fine totalling £50.5 million ($69.5 million, 60 million euros) was imposed for “consciously refusing to report … Read more
ISLAMABAD: The fertiliser industry of Pakistan is internationally competitive and can thrive in a fully deregulated environment, even without any subsidies. Talking to newsmen, Imran Ahmed, CFO of Engro Fertilizers, said that currently the fertiliser sector is providing urea at a significant discount rates of Rs5,000/bag, compared with the imported urea. By deregulating the industry … Read more
ISLAMABAD: Pakistan Tehreek-i-Insaf (PTI) Senator Ayub Afridi resigned from his seat on Wednesday as the government set the ball rolling for bringing back Shaukat Tarin as finance minister. Sources told Bol News that Senator Afridi, who was elected from a general seat for Khyber Pakhtunkhwa, has resigned so that Tarin may get elected to the … Read more
A 26-year-old Pakistan Army soldier was martyred after terrorists fired at a military post in Khyber Pakhtunkhwa’s Hangu district, said the Inter Services Public Relations in a statement on Wednesday. The military’s media wing shared that terrorists had attacked a military post in the Thall area of Hangu District late Tuesday night. The ISPR said … Read more
MOSCOW: Russia on Wednesday recognised Taliban efforts to try and stabilise the situation in Afghanistan but expressed concern that “terrorist” groups threatened the stability of the entire region. Russia is hosting the Taliban for talks as the Kremlin seeks to assert its influence on Central Asia and push for action against Islamic State fighters which … Read more
KARACHI: The free-fall in the rupee continued on Wednesday, as the local unit depreciated to the new all-time low of Rs173.47 against the dollar, dealers said. The exchange rate recorded a 69 paisas decline in the rupee value from last trading on Monday October 18, 2021 at Rs172.78 against the dollar in the interbank foreign … Read more
BEIRUT: A New York-based firm contracted by the Lebanese government is to resume its audit of the central bank on Thursday in line with the creditors’ demands, the Lebanese presidency and a top official said. The International Monetary Fund and France are among the creditors, demanding an audit of Banque du Liban as part of the … Read more
KARACHI: The United Bank Limited (UBL) on Wednesday announced a growth of 42 per cent in its profit-after-tax for the nine months (January–September) of 2021, a bourse filing said. The profit-after -tax of the banks surged to Rs21.87 billion during July-September 2021, compared with Rs15.38 billion in the same period of the last fiscal year. … Read more
KARACHI: The State Bank of Pakistan (SBP) has shown over $1.27 billion less import bill in its balance of payments data released on Tuesday. The data showed the import of goods for the quarter July-September 2021/22 at $17.47 billion, while the Pakistan Bureau of Statistics (PBS) revealed that the import bill of the country was … Read more
RIYADH: The Saudi Education Ministry has reversed its decision to bring primary students back to schools from October 31, and decided to continue the online classes for the same, Arab media quoted a ministry official, as saying. An official of the ministry said: “Students of primary and kindergarten will continue their classes online. Earlier, a … Read more
KARACHI: Rider, a tech-led last mile delivery partner for e-commerce retailers, has raised $2.3 million in a seed round led by the venture capital firm, Global Founders Capital, Fatima Gobi Ventures and the Asian Development Bank. TPL E-Ventures and Transhold also participated, a statement said on Wednesday. The Karachi-based B2B2C service was launched in 2019 … Read more
ISLAMABAD: The Petroleum Division would carry out six new projects worth Rs1.775 billion during the current fiscal year 2021/22 to achieve self-sufficiency in the energy sector, streamline matters related to minerals’ regulatory framework and data compilation. According to the official documents, the government has allocated Rs40 million in the Public Sector Development Programme (PSDP 2021/22) … Read more
KARACHI: The Consulate General of Pakistan in New York hosted a talk on “Roshan Digital Accounts: Benefits for NRPs”, a statement said on Wednesday. The panellists included Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin; State Bank of Pakistan Governor Dr Reza Baqir; Institute of Business Administration Karachi executive director Dr S … Read more
KARACHI: The International Steels Limited (ISL) and Aisha Steel Mill (ASL) have increased Cold Rolled Coil (CRC) prices by Rs3,000/tonne, taking CRC prices to Rs243,000/tonne. “The price increase comes as manufacturers look to pass on the increase in cost after hot rolled coil (HRC) prices increased 6 per cent in October 2021,” an analyst at … Read more
KARACHI: The Culinary and Medicinal Herbs Committee of the Union of Small and Medium Enterprises (Unisame) is invited by Mukesh Kumar, provincial chief of the Small and Medium Enterprises Development Authority (Smeda), for an important meeting to discuss their issues on October 21, 2021 at the Smeda Karachi office, a statement said on Wednesday. Unisame … Read more
ROME: They’ve long dominated the food and fashion worlds, this year they’ve dominated sports, and now they’re aiming for the skies, CNN reported. Italy’s new national airline, ITA Airways, launched on Friday with a promise to bring pride back to its national flag carrier, after Alitalia, Italy’s legacy airline, went bankrupt and ceased operations a … Read more
The upcoming Formula 1 Grand Prix in Saudi Arabia’s Jeddah has increased its capacity to 100 per cent, after previously allowing only 40 per cent of its tickets to go on sale due to the Covid-19 restrictions, according to a statement. The promoter of the F1 STC Saudi Arabian Grand Prix 2021, the Saudi Automobile … Read more
RIYADH: Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Minister of Defence of Saudi Arabia, approved a proposal to transfer the ownership of a piece of land from the Defence Ministry to the Asir governorate, it was announced on the governorate’s official Twitter account. The land, spread over an area … Read more
MOSCOW: Russia hosts the Taliban for talks in Moscow on Wednesday, seeking to assert its influence on Central Asia and push for action against Islamic State fighters which it says have massed in perennially volatile Afghanistan. The talks, which draw officials from 10 countries including China and Pakistan, are one of the Taliban’s most significant … Read more
WASHINGTON: The US Food and Drug Administration (FDA) is preparing to allow “mix and match” coronavirus vaccine boosting, in which people get a different additional shot to the dose they initially received, US media reported. Citing sources familiar with the situation, the New York Times said the FDA might make the announcement on Wednesday when … Read more
COLOMBO: An Indian fishing trawler has sunk after allegedly ramming a Sri Lankan navy vessel that was driving out poachers from the island nation’s prawn-rich waters, officials said Tuesday. The two countries are separated by the narrow Palk Strait known for its jumbo prawns, with Sri Lankan fishermen long accusing their Indian neighbours of poaching … Read more
DUBAI: The Middle East and North Africa is on track to economic recovery, but rising social unrest and unemployment are threatening to hinder “progress”, the International Monetary Fund said on Tuesday. The MENA region, which includes the Arab countries and Iran, saw its real GDP growth shrink by 3.1 per cent in 2020 due to … Read more
A 25-year-old Pakistan Army sepoy was martyred after terrorists fired on a security forces post in North Waziristan, said the Inter Services Public Relations (ISPR) in a statement on Monday. The military’s media wing said that terrorists had fired on a security forces post in the Spinwam area of North Waziristan. The ISPR said that … Read more
KARACHI: The Pakistan Telecommunication Company Limited (PTCL) has posted a significant 7.3 per cent growth in its revenues, owing to a robust commercial strategy that cements its market standing, a bourse filing said on Monday. The company announced its financial results for the nine months period ended September 30, 2021 at its board of directors’ … Read more
KARACHI: The Pakistan stock market moved both ways on the first day of the week, as Pakistan and the International Monetary Fund (IMF) failed to reach a staff-level agreement, amid differences over the macroeconomic framework, dealers said on Monday. “Additional uncertainty was bonded at the bourse, as [the] dollar at [the] interbank [market] closed at … Read more
Chief of Army Staff (COAS) General Qamar Javed Bajwa on Monday expressed his ‘satisfaction’ over the preparedness of the country’s top spy agency, the Inter-Services Intelligence (ISI), during a visit to the ISI headquarters in Islamabad. According to the military’s media wing, the Inter Services Public Relations (ISPR), the COAS was briefed on the country’s … Read more
