LAHORE: The Punjab Food Department on Monday intercepted a vehicle illegally transporting huge quantities of sugar to Quetta, a statement said. The Food Department foiled the bid to transport 900 maunds of sugar to Quetta from JDW Sugar Mills (Unit-1) Rahim Yar Khan, it added. On a tip off by the special branch, a team … Read more
KARACHI: The leaders of the Korangi Association of Trade and Industry (Kati) has appealed to the Karachi Water and Sewerage Board (KW&SB) to plug leakages of potable water lines, ensure proper water supply and revamp sewerage system to prevent contamination of sewage in the industrial area, a statement said on Monday. They said that despite … Read more
Remember Chai Chahiye? The iconic melody that was part of every Pakistani’s childhood and may have raised a generation of us with an inkling every time someone offers tea. Well, they just revamped their original anthem with a bang under Bilal Maqsood’s purview and that has sent all of us spiraling into a whirlpool of … Read more
LAHORE: Federal Tax Ombudsman (FTO) Dr Muhammad Asif Jah has said that the institution is using all legal powers and resources to check individual and system-based maladministration and corrupt practices in the Federal Board of Revenue (FBR) to restore the taxpayers’ confidence in the tax administration in the larger interest of the country. Addressing members … Read more
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) president Mian Nasser Hyatt Maggo has expressed concerns over the surging and unbearable food inflation in the country; and, the resultant unrest among the masses. He said the edible oil prices are one of the biggest contributors to the skyrocketing food inflation in the country. … Read more
KARACHI: The inflows of foreign direct investment (FDI) into Pakistan have declined 4 per cent during the first quarter of the current fiscal year, the State Bank of Pakistan (SBP) reported on Monday. The central bank issued a summary of foreign investment in Pakistan during July–September of the current fiscal year, which showed that the … Read more
KARACHI: The Pakistani banks’ total advances have grown 15 per cent on a year -on-year basis to reach Rs9.3 trillion at the end of September, the State Bank of Pakistan reported on Monday. It is the highest growth witnessed after three years, it said. Growth in advances remained stagnant during the last two years due … Read more
KARACHI: With the commodities experiencing an upswing, the cost of generation on coal, furnace oil (FO) and re-gasified liquefied natural gas (RLNG) has gone up significantly. “The high cost of generation will likely [to] be realised in the beginning of [the] next year,” Jahanzaib Zafar at AKD Securities noted in a report. “The impact of … Read more
KARACHI: Sarfaraz Ahmed Rehman has been appointed as the managing director and chief executive officer of Fauji Fertilizer Company Limited, a statement said on Monday. The board of directors of Fauji Fertilizer Company Limited (FFC) announced the appointment of Sarfaraz Ahmed Khan as the managing director and chief executive office with effect from October 16, … Read more
At least one policeman was martyred while 17 others were injured in a blast in Quetta, confirmed provincial government spokesperson Liaquat Shahwani. Shahwani tweeted that the explosion targeted a police van performing its duties outside the varsity. He added that the explosive material was put in a bike parked near the van. دھماکہ میں زخمیوں … Read more
LAHORE: An unprecedented impasse between military and civilian leadership over the appointment of new Inter-Services Intelligence (ISI) director general which has been a major point of discussion in the political circles and has made headlines since October 6, is likely to be settled before Friday, Interior Minister Sheikh Rashid Ahmad has claimed. Speaking to a … Read more
LONDON: US auto giant Ford on Monday unveiled plans to convert a UK factory into its first electric vehicle component assembly site in Europe. Ford will invest £230 million ($316 million, 273 million euros) in its Halewood plant on Merseyside in northwest England, the carmaker said. The production will start in 2024 in a move expected … Read more
Prompted as a biopic for the first woman in the history of the Pakistan Army to reach the rank of lieutenant-general, this new tele-film brought by ARY Digital will portray the life of Lieutenant General Nigar Johar Khan and pay tribute to her life that brought about her immense success. Written by Umera Ahmed and … Read more
This Halloween season, if you’re looking to get your spook on along with a glass chock full of laughter, there’s quite a fun genre that would be just perfect for you. While they are still not for the faint of heart, the hilarity amongst these movies is enough to make them easier to digest. Tucker … Read more
BRUSSELS: The European Union has exported “over one billion” doses of Covid-19 vaccines in the past 10 months, the bloc’s chief Ursula von der Leyen said on Monday. “Very clearly, the European Union is the largest exporter of Covid-19 vaccines,” she said, announcing the “important milestone” in a brief broadcast and statement. Von der Leyen … Read more
KABUL: Afghanistan will kick off its first countrywide polio immunisation campaign in years next month to protect millions of unvaccinated children, the UN said Monday. The United Nations’ health and children’s agencies said the campaign to vaccinate against the crippling and potentially fatal disease would begin on November 8, with full support from the Taliban … Read more
KARACHI: Habib Bank Limited (HBL) on Friday announced a decline of 11.11 per cent in profit-after-tax for the quarter ended September 30, 2021, the financial statement of the bank said. The bank recorded Rs8.96 billion as net profit for the quarter July–September 2021, compared with Rs10.08 billion in the same quarter of the last fiscal … Read more
LONDON: Britain on Friday announced it was easing rules on how many deliveries foreign lorry drivers can make, in an attempt to ease a supply chain crisis before Christmas. Drivers coming from the European Union can currently only make two pick-ups and drop-offs within seven days of arriving in Britain. Under the new rules, which the … Read more
GENEVA: Tuberculosis is on the rise again globally for the first time in a decade, linked to disruptions in access to healthcare because of the Covid pandemic, the World Health Orgnisation said on Thursday. The setback has erased years of progress toward tackling the curable disease, which affects millions of people worldwide. WHO says around … Read more
KARACHI: The liquid foreign exchange reserves of the country eased $31 million to $25.969 billion by the week ended October 8, 2021, the central bank reported on Thursday. The total foreign exchange reserves of the country stood at $26 billion by the week ended October 1, 2021. The official reserves of the State Bank of … Read more
WASHINGTON: US wholesale prices jumped 8.6 per cent in the 12 months ended in September, the biggest increase in over a decade, according to government data released on Thursday. Double-digit jumps in food and energy costs compared to last year drove the record gain in the producer price index (PPI), the largest since the data … Read more
NEW YORK: Boeing said on Thursday it will rework undelivered 787 Dreamliner planes after uncovering another defect on the jet, which has been halted for deliveries since May. The company was notified by a supplier that some 787 parts “were improperly manufactured,” a Boeing spokesman told AFP, confirming aspects of a Wall Street Journal story. “While our investigation is … Read more
ISLAMABAD: Pakistan is back on a growth trajectory due to the visionary pro-growth policies of the government and this year the GDP is likely to touch 5 per cent, a senior official said on Thursday. Addressing a roundtable meeting, organised by the United States Pakistan Business Council (USPBC) in Washington DC, the finance minister said … Read more
KARACHI: Bulls took charge with massive recovery across all sectors, as the KSE-100 index gained 1,112 points to close at 44,334 level after a consensus reportedly developed between PM Imran Khan and military leadership on the appointment of ISI director general, dealers said on Thursday. An analyst at Pearl Securities said Finance Minister Shaukat Tarin … Read more
KARACHI: To facilitate the collection of government receipts/duties/taxes, it has been decided that the field offices of the SBP Banking Services Corporation (SBP-BSC) and authorised branches of the National Bank of Pakistan (NBP) will observe extended banking hours till 8:00pm on Friday, October 15, 2021, for which a special clearing has been arranged at 6:00pm … Read more
BEIJING: China has made solid efforts to ensure its energy supply and expand its production capacity, authorities said on Wednesday. “Energy supply can be guaranteed this winter and next spring,” said Zhao Chenxin, secretary-general of the National Development and Reform Commission, at a press conference. Citing the important role that coal plays in ensuring national … Read more
KARACHI: Pakistani scientist and University of Karachi faculty member Prof Dr M. Iqbal Choudhary has been named as the 2021 winner of the Mustafa (PBUH) Prize for his services in the field of bio-organic chemistry. In a statement, spokesman of the KU’s International Centre for Chemical and Biological Sciences (ICCBS) on Thursday stated that Prof … Read more
KARACHI: The global supply-chain crisis has started taking a visible toll on Pakistan’s industrial sector, as the country’s leading industrial concern, Archroma Pakistan, on Thursday declared force majeure due to inability to procure raw materials. “Archroma’s raw materials and petrochemicals supplies coming from China are getting adversely affected by the ongoing “energy consumption controlling measures” … Read more
