KARACHI: The Embassy of Pakistan, Washington DC in collaboration with IBA Karachi arranged a reception and discussion on Pakistan’s economy at the embassy, says a press release. The seminar was addressed by Federal Minister for Finance and Revenue Shaukat Tarin and Deputy Governor State Bank of Pakistan Dr Murtaza Syed as well as Executive Director … Read more
LONDON: In just under 20 years, Twenty20 cricket has gone from being a light-hearted sideshow to a money-spinning, central plank of the sport’s global calendar. With the seventh T20 World Cup about to get underway in Oman and the UAE on Sunday, AFP Sport looks at the rise and rise of the game’s big-hitting, crowd-pleasing … Read more
LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has demanded extension in filing income tax returns till December 31, 2021, a statement said. LCCI president Mian Nauman Kabir, senior vice president Rehman Aziz Chan and vice president Haris Ateeq said that a large number of businessmen could not file tax return due to the … Read more
KARACHI: Shell Pakistan organised the Shell Eco-Marathon (SEM) 2021 Student event at Rawalpindi, where engineering students from leading Pakistani universities demonstrated the performance of their self-built vehicles across two categories, ‘Prototype’ (battery powered) or ‘Urban Concept’ (gasoline run) in line with Shell’s mission to power progress with innovative and cleaner energy solutions. The vehicles were … Read more
LAHORE: The sugar mill-owners have expressed inability to start crushing season due to the refusal of banks to allocate working capital in the absence of no objection certificates. “The Punjab government is not issuing NOCs to mills even after payment of all the outstanding dues to the sugarcane growers. The banks are not ready to … Read more
SRINAGAR: As Indian Prime Minister Narendra Modi set out his Taliban worries to world leaders this week, Indian forces staged raids and battled militants in occupied Kashmir who he fears could be emboldened by the victory in Afghanistan. India has not openly blamed the Taliban takeover for the uptick in violence, but it has intensified … Read more
LAHORE: Ambassador of Thailand Chakkrid Krachaiwong has said that the Thai Airways would soon resume flight operations for Lahore and Islamabad, which was suspended due to the Covid-19. Speaking at the Lahore Chamber of Commerce and Industry (LCCI), he expressed the hope that the volume of bilateral trade would increase with the normalisation of the … Read more
ISLAMABAD: President Dr Arif Alvi has stressed the need for promoting technical education and information technology so as to fulfil the requirements of the industrial sector and provide employment opportunities to the youth. In his remarks during a briefing on Sir Syed Centre for Advanced Studies in Engineering (CASE) Institute of Technology at the Aiwan-e-Sadr, … Read more
ISLAMABAD: Pakistan’s Finance Minister Shaukat Tarin has reaffirmed the government’s desire for a broad-based and sustainable relationship with the US. During a meeting with US Assistant Secretary of State for South and Central Asia Donald Lu, who called on him at the Pakistan Embassy, the finance minister underscored Pakistan’s interest in enhancing investment and trade … Read more
RIYADH: Saudi Arabia and Egypt have signed an agreement to increase cooperation in the areas of housing and urban development. The Ministry of Municipal and Rural Affairs and Housing and its Egyptian counterpart signed an agreement to develop an executive programme, SPA reported. The agreement sets out a detailed programme for exchanging expertise between the … Read more
RIYADH: The Saudi Ministry of Energy announced a public tender for a licence to establish, own and operate a dry gas network in the Third Industrial City in Dammam in the eastern province, Arab News reported. The project includes a pipeline network from the connection point with Aramco, which provides dry gas, to all factories … Read more
RIYADH: Russian President Vladimir Putin signaled tolerance of cryptocurrencies, but is still not convinced they can replace the US dollar in settling oil trades, Arab News reported. “I believe that it has value,” he told CNBC in an interview at the Russian Energy Week event in Moscow Wednesday, the transcript of which was posted on … Read more
RIYADH: Saudi non-oil exports jumped 37 per cent to a record SR125.3 billion ($33.4 billion) in the first half of 2021, SPA reported. Non-oil exports were SR91.7 billion in the first half of 2020. They increase by 8 per cent in quantity, equivalent to 34.7 million tons, suggesting a rebound in prices as volumes returned … Read more
WASHINGTON: The United States has offered to pay unspecified compensation to relatives of 10 people in Afghanistan including seven children who were killed by mistake in a US drone strike as American forces were completing their withdrawal. In a statement on Friday, the Pentagon also said it was working with the State Department to relocate … Read more
RIYADH: Brent crude passed $85 a barrel and WTI was headed for an eighth consecutive weekly advance as Saudi Oil Minister Abdulaziz bin Salman Al Saud insisted Opec+ will stick to its plan to increase output at a steady pace in the coming months, Arab News reported. Brent gained one per cent to $84.82 a … Read more
KARACHI: A comprehensive steel policy would be rolled out soon with the active consultation with the stakeholders of steel sector for which a two-member team has been nominated from PALSP side, a senior government official said. Chairing a session of the consultative meeting on the country’s steel policy with the leading steel industry players at … Read more
LAHORE: Punjab Governor Chaudhry Mohammad Sarwar held meetings with the Hungarian ministers, officials of the Foreign Office, members of the European Parliament and representatives of the Austrian business community, who assured him of supporting Pakistan in GSP Plus status extension. Pakistan and Hungary agreed to enhance ties in various fields, including higher education. According to … Read more
KANDAHAR, Afghanistan: The Islamic State group on Saturday claimed responsibility for a suicide bomb attack on a mosque in the southern Afghan city of Kandahar that killed at least 41 people and injured scores more. The Friday assault came just a week after another IS-claimed attack on worshippers at a mosque in the northern city … Read more
ISLAMABAD: The Sensitive Price Indicator (SPI)-based inflation for the week ended October 14, 2021 witnessed an increase of 0.20 per cent, compared with the previous week, the latest data released by the Pakistan Bureau of Statistics (PBS) showed. The weekly SPI with base year 2015/16=100 is covering 17 urban centres and 51 essential items for … Read more
ISLAMABAD: Minister for National Food Security and Research Syed Fakhar Imam has stressed the need to increase awareness about safe and nutritious food, and encourage the stakeholders to produce more nutritious food sustainably, and manage food waste. He was speaking as the chief guest at an event in connection with the World Food Day, jointly … Read more
ISLAMABAD: Minister for Finance Shaukat Tarin has highlighted the economic priorities of the government, emphasising that Prime Minister Imran Khan was committed to inclusive and sustainable economic growth that benefits all the segments of the society, especially the poor. Speaking at a seminar on Pakistan’s Economy, organised by the Embassy of Pakistan, Washington, DC in … Read more
KARACHI: The rupee recovered two paisas against the dollar on Friday, as external payments demand kept the market under pressure, dealers said. The exchange rate ended at Rs171.18 against the greenback from the previous day’s closing of Rs171.20 in the interbank foreign exchange market. The rupee recorded an all-time low of Rs171.20 against the dollar … Read more
PARIS: The coronavirus pandemic has made vaccines from Pfizer/BioNTech and Moderna and the mRNA technology that they use into household names. These types of jabs are new but researchers have been working for decades to try to figure out how to use messenger RNA for other vaccinations and to treat illnesses from AIDS to cancer. … Read more
PARIS: France on Friday stopped offering Covid tests free of charge for everyone, in the government’s latest effort to incite holdouts to get vaccinated against the virus. A recent negative test, proof of recovery or full vaccination is needed to get a health pass which is required for access to cafes, restaurants, sports facilities and … Read more
A self-taught Pakistani sportsman, Farhan Ayub, sees the China-Pakistan Economic Corridor (CPEC) as a potential “sports corridor.” Ayub has broken 21 Guinness World Records in different categories, including kick-ups, no-handed kick-ups, break-dance, helicopter spin, spoons twisting, and balloon bursting. He now sets his eyes on breaking more records. The athlete expects the CPEC to promote … Read more
NEW DELHI: India ranks 101 in the Global Hunger Index (GHI) 2021, according to a new GHI report. The country has slipped from its last year’s ranking of 94, to be placed behind its neighbours Nepal (76), Bangladesh (76), Myanmar (71) and Pakistan (92), which fared better at feeding its citizens than India, according to … Read more
ISLAMABAD: The federal government is reportedly mulling over increasing petroleum product prices again. According to sources, petrol price is likely to go up by about Rs6 a litre after the Oil and Gas Regulatory Authority (OGRA) recommended an increase of up to Rs10 a litre for petroleum products. The final decision, however, will be taken … Read more
Upon the orders of the London High Court, British-Pakistani journalist Reham Khan has apologised to Prime Minister Imran Khan’s former special assistant Zulfi Bukhari for levelling “false allegations” against him in Roosevelt Hotel’s sale. On December 6, 2019, the former wife of PM Imran, via a YouTube video, had raised a question of Sayed Zulfiqar … Read more
