WASHINGTON: The US Treasury hit Iran’s drone programme with sanctions on Friday, boosting pressure on Tehran ahead of the reopening of negotiations on the country’s nuclear programme. The Treasury said lethal unmanned aerial vehicles (UAVs) from Iran’s Islamic Revolutionary Guard Corps have been used to attack US forces and international shipping in the Gulf region. … Read more
NEW YORK: Profits at ExxonMobil and Chevron rebounded in the third quarter on strengthening oil and natural gas prices, according to results released Friday that underscored the industry’s improved financial position compared with the darkest days of the pandemic. After US oil futures sank into negative territory in spring 2020 on widespread Covid-19 restrictions, demand … Read more
BEIJING: By the end of Friday, the latest COVID-19 resurgence in China had spread to 14 provinces, where new locally transmitted cases or asymptomatic carriers were reported during the past 14 days, a health official said Saturday. The epidemic prevention and control situation is grim and complicated as infections are still spreading rapidly, said Mi … Read more
ISLAMABAD: Planning Minister Asad Umar shared on Saturday that at least 70 million people have now received at one dose and 40 million are fully vaccinated across Pakistan. “The government is making progress to vaccinate the people,” he wrote in a tweet. He said the government had set a target of vaccinating 70 million people … Read more
ROME: Climate change and the relaunch of the global economy will top the G20 agenda as leaders of the world’s most advanced nations meet Saturday, the first in-person gathering since the pandemic. Looming over the two-day talks in Rome is pressure to make headway on tackling global warming, ahead of the key COP26 summit kicking … Read more
ISLAMABAD: Zong 4G has become a connectivity partner of TCS, Pakistan’s largest logistics network, further expanding its corporate clientele and boosting its position as a vital communications solutions provider for enterprises, a statement said. Through this collaboration, TCS will have access to Zong 4G’s cutting-edge business solutions, allowing them to digitalise their day-to-day operations and … Read more
KARACHI: Site Association of Industry (SAI) president Abdul Rasheed has expressed concern over stoppage of gas supply to the Site industries and appealed Prime Minister Imran Khan and Energy Minister Hammad Azhar to provide gas to save the industries from disaster and workers from going jobless, a statement said. Expressing apprehensions over the current situation, … Read more
ISLAMABAD: The Cabinet Committee on Energy (CCoE) reviewed the Circular Debt Report September 2021, submitted by the Power Division, and appreciated the reduced accumulation of the circular debt. The meeting of the CCoE was held under the chairmanship of Federal Minister for Planning, Development and Special Initiatives Asad Umar. The Petroleum Division presented a report … Read more
ISLAMABAD: Prime Minister Imran Khan has said that as the World Bank estimates showed reduction in the incidence of poverty in Pakistan to 4.8 per cent in FY21 from 5.3 per cent in FY20, it was the result of government’s policies of productivity-led growth to create employment. According to the World Bank estimates based on … Read more
LAHORE: The healthcare commissions of Punjab and Sindh will collaborate to further improve the healthcare service delivery systems of both provinces, and working groups will be constituted to benefit from their respective ambits of functioning. This was decided between the two sides in a meeting held at the PHC office. Sindh Healthcare Commission (SHCC) chief … Read more
LAHORE: The Provincial Development Working Party (PDWP) has approved nine development schemes of various sectors, costing Rs20.884 billion. The meeting chaired by Planning and Development Board chairman Abdullah Khan Sumbal approved water quality monitoring system at a cost of Rs1.40 billion, strengthening of emergency services in all districts at Rs663 million, provision of motorbike ambulance … Read more
LAHORE: The fifth edition of the China-Pakistan Industrial Expo 2021 started at the Royal Palm Golf and Country Club. Additional secretary/executive director general of the Board of Investment (BoI), Khashih ur Rehman, inaugurated the event, which would conclude on Sunday. More than 100 Chinese companies are participating in the event both physically and online. Addressing … Read more
LAHORE: Political and Economic Chief of the US Consulate in Lahore Kathleen Gibillisco called on provincial Agriculture Minister Syed Hussain Jahania Gardezi and discussed matters of mutual interest and bilateral cooperation in the field of agriculture. Kathleen Gibillisco said that the US companies were keen to invest in the field of agriculture and food products. … Read more
RIYADH: Saudi Arabia’s first large industrial-scale wind farm will be ready to operate within the coming weeks and is expected to produce its first power within months, Arab News quoted EDF executive director for Renewable Energy Bruno Bensasson, as saying. The 400MW project in Dumat Al Jandal consists of 99 turbines and will be operated … Read more
RIYADH: Investment interest in Saudi mining has skyrocketed in 2021, Khalid Al-Mudaifer, vice minister for mining affairs at the Ministry of Industry and Mineral Resources (MIM) told Arab News, on the sidelines of the FII summit. “We have issued eight new mining licenses; it is a big project-a multibillion dollar project,” he said in an … Read more
Saudi Arabia completed earlier than planned the repurchase of a portion of outstanding bonds and Sukuk due in August, September, October, November and December of 2022, with a total value of more than SR33 billion ($8.79 billion), Arab News quoted. The kingdom, represented by the Ministry of Finance, also announced the issuance of new Sukuk … Read more
RIYADH: Pure Harvest Smart Farms has secured a $64.5 million investment from Korean private equity company IMM, it was announced at the Future Investment Initiative in Riyadh. Now one of the highest-funded agribusinesses in the UAE, Pure Harvest aims at using the investment to expand its farms and the advanced technology it uses to further … Read more
Dashing batsman Asif Ali said he had been confident he would hit sixes after leading Pakistan to a hard-fought five-wicket victory over Afghanistan in the Twenty20 World Cup in Dubai on Friday. The 30-year-old smashed pacer Karim Janat for four sixes in the 19th over to take Pakistan past a tricky 148-run target, giving them … Read more
