Allama Iqbal Open University (AIOU) has announced to open its full-fledged regional office in Afghanistan to promote education, impart training of teachers and reconstruct educational infrastructure there. Read more: AIOU announces scholarship program for its students The office would be set up after getting permission from the federal government, AIOU Vice-Chancellor Prof Dr Ziaul Qayyum said … Read more
KARACHI: Provincial Minister for Excise, Taxation, Narcotics Control Department, Parliamentary Affairs and Food Mukesh Kumar Chawla has said that a total of Rs1.248 billion property tax was collected during the five months (July to November) of the current financial year 2021 as against Rs1.057 billion during the corresponding period of the previous year. Sharing the … Read more
KARACHI: Sindh Agriculture University (SAU) Vice-Chancellor Prof Dr Fateh Marri said that 70 per cent of people in Sindh were forced to live below the poverty line as daily wage earners were getting less than a dollar in many areas, including Badin, Thatta, and Tando Allahyar Read more: “PTI govt. Has left people in a destitute … Read more
KARACHI: Pakistani rupee declined by 39 paisas against the dollar in early trade at the interbank foreign exchange market on Friday. The dollar is being traded at the historic high of Rs178 at the opening of the interbank market. The exchange rate ended as the local currency hit a historic low of Rs177.61 on Thursday, … Read more
KARACHI: The Pakistan stocks opened on a bearish note as the KSE-100 index witnessed a decline of 289.83 points, or 0.67 per cent, in the first hour of trading on Friday. The local bourse closed bearish on Thursday amid reports of the first case of Omicron variant of the coronavirus in the country. The market … Read more
KARACHI: While rejecting the Sindh Local Government (Amendment) Bill 2021, Leader of the Opposition in Sindh Assembly Haleem Adil Shaikh deemed Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari and Sindh Chief Minister Murad Ali Shah a “threat to democracy and security risk to the country.” “The 14-year rule of the PPP has deprived masses … Read more
KARACHI: Sindh Minister for Industries, Commerce and Cooperative Department Jam Ikramullah Dharejo slammed skyrocketing external debt and rising inflation during the period of Pakistan Tehreek-i-Insaf (PTI)-led government which also made the lives of people miserable. He expressed concerns over a significant surge in the volume of foreign loans to Pakistan. He lambasted that foreign loans … Read more
KARACHI: Adviser to Sindh Chief Minister on Religious Affairs, Zakat and Ushr Fayyaz Ali Butt has said that distributing Zakat among deserving and needy people is the prime responsibility of officials concerned and the process should be kept transparent. “The provision of Zakat to the deserving is our great duty. We all have to knuckle … Read more
KARACHI: The Pakistan stocks opened on a bullish note as the KSE-100 index witnessed an increase of 153.15 points, or 0.35 per cent, in the first hour of trading on Wednesday. The Pakistan equity market closed bullish on Tuesday, as investors weighed the bull-run in the global equities and surge in the global crude oil … Read more
ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday deferred the implementation of new and revised valuations of immovable properties till January 16, 2021; following anomalies pointed out by the stakeholders. The FBR on December 1, 2021 issued fresh and upward revised valuation tables for immovable properties located in 40 major cities of the country. … Read more
ISLAMABAD: Federal Minister for Railways Azam Khan Swati launched a pilot project of the e-procurement system aimed to ensure transparency in the process of awarding contracts in Pakistan Railways (PR). Swati said this while speaking to participants of a formal Memorandum of Understanding (MoU) inked between Pakistan Railways and Tejari Pakistan as a pilot project … Read more
KARACHI: Pakistani rupee gained 12 paisas against the dollar in early trade at the interbank foreign exchange market on Tuesday. The dollar is being traded at Rs176.60 at the opening of the interbank market. The exchange rate was closed at Rs176.48 on Monday, December 6, 2021. Currency dealers said that the local currency is making … Read more
KARACHI: Agriculture and soil experts of Sindh expressed their concerns that rapidly increasing salinity in the soil could pose a serious threat to food security and rising salinity in agricultural land due to various reasons is having a profound effect on the agricultural production of the country. World Soil Day was observed and hosted by Sindh Agriculture University (SAU) Tandojam in collaboration with Soil Science Society … Read more
ISLAMABAD: Football exports swelled 17.22 per cent during the first four months of the fiscal year 2021/22, compared with the exports during the corresponding period of the previous year, the latest data released by the Pakistan Bureau of Statistics (PBS) revealed. During the period from July-October 2021, footballs worth $50,148 were exported, compared with the … Read more
ISLAMABAD: Higher Education Commission (HEC) Executive Director Dr Shaista Sohail on Monday said that more than 7,000 students of various universities would participate in the mega national talent hunt programme with a view to developing team spirit and a healthy environment. Read more: Liverpool star Michael Owen joins PM’s Kamyab Jawan Sports Drive to groom football … Read more
KARACHI: Pakistani rupee recorded a surge of Rs1.7 against the dollar in early trade at the interbank foreign exchange market on Monday. The dollar is being traded at Rs175.70 at the opening of the interbank market. The exchange rate was closed at Rs176.77 on Friday December 3, 2021. Currency dealers said that the appreciation in … Read more
KARACHI: The Pakistan stocks opened on a bearish note as the KSE-100 index was down 32.13 points, or 0.07 per cent, in the first hour of trading on Monday. The Pakistan equity market witnessed a roller-coaster ride on Friday with the first session posting impressive gains in the oversold market; however, the second session witnessed … Read more
KARACHI: The rupee lost 94 paisas against the dollar to hit an all-time low of Rs176.42 on Thursday, owing to a huge trade deficit during the first five months of the current fiscal year. On Wednesday the exchange rate closed at 175.48 in interbank foreign exchange market. Previously, the rupee fell to the historic low … Read more
KARACHI: The cutoff yield in the auction of the benchmark six-month market treasury bills (MTBs) sharply increased to 11.5 per cent, much higher than the key policy rate of 8.75 per cent. A day ago, the State Bank of Pakistan (SBP) conducted an auction of the government treasury bills maturities for the sale of T-bills … Read more
KARACHI: Fund managers and corporates believe the rupee may depreciate further to make a new low and significant rise in the key policy rate is expected by the end of 2022. This was disclosed in a poll of fund managers and corporates conducted by the Topline Securities. Most of the fund managers and corporates expect … Read more
KARACHI: The Pakistan International Airlines (PIA) plans to acquire four Airbus 320 aircraft on lease, increasing the number of Airbus aircraft in its fleet to 18. Earlier in September, the national flag carrier inducted Airbus-330 aircraft into its fleet in a move to expand flight operations and provide better facilities to its passengers. Read more: … Read more
WASHINGTON: The US economy continues to struggle with the supply issues that have pushed the prices higher in recent weeks, but there are signs the strains may be easing, the Federal Reserve said on Wednesday. Businesses in several areas of the country noted that “despite strong demand, growth was constrained by supply chain disruptions and labour … Read more
ISLAMABAD: Prime Minister Imran Khan on Thursday directed the authorities concerned to speed up the registration process for Ehsaas Ration Programme to benefit the maximum number of poor households. Chairing a meeting on Ehsaas Ration Programme, he also emphasised on involving district government authorities to raise awareness among Kiryana (small local shops) stores and the … Read more
RIYADH: David Solomon, CEO of Goldman Sachs, has warned New York City leaders that higher taxes will make the city less attractive to businesses and their employees. “New York is not going away” but cautioned that “it’s also not guaranteed for any urban center that you have a permanent place in the world,” the Financial Times quoted … Read more
Top oil exporter Saudi Arabia may raise crude prices for Asia in January; following large gains in the Middle East spot market last month, but weak refining margins and an oil reserves release by consumers may cap gains, Reuters quoted trade sources, as saying. The January official selling price (OSP) for flagship Arab Light crude … Read more
Opec and its allies begin two days of meetings on Wednesday to decide whether to release more oil into the market or restrain supply, amid big gyrations in crude prices and uncertainty about the impact of the Omicron coronavirus variant on energy demand, Reuters reported. The oil prices fell to near $70 a barrel on Tuesday, after … Read more
CAIRO: Galaxy Digital, a New York-based crypto investment company, intends to raise $500 million in the debt market, the Financial Times reported. The firm seeks to utilise the funds to expand the business. “Galaxy is seeking to become the Goldman Sachs of crypto,” The Financial Times reported on behalf of Novogratz, a former Fortress Investment Group executive. “The company … Read more
JEDDAH: Renewable energy will make up to 95 per cent of the total global power capacity growth in the next five years, Arab News quoted the International Energy Agency, as saying. IEA executive director Fatih Birol said when it comes to renewables, solar power plays the most significant role. “Solar is the new king of … Read more
