KARACHI: The Special Technology Zone Authority (STZA) and Khadim Ali Shah Bukhari (KASB) Institute of Technology (KASBIT) have signed a memorandum of understanding (MoU) to develop a Special Technology Zone for the provision of a high-tech business environment to companies, including startups, SMEs and multinationals so that the innovation sector can be promoted in Pakistan, … Read more
KARACHI: The Utility Stores Corporation (USC) is hiring a change management consultant, as the state-owned retail chain is up for a major transformation with the focus on improving the core business processes and digitalisation through implementation of Enterprise Resource Planning (ERP), a statement said. “It is a major shift from the manual processes to automated, … Read more
KARACHI: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has condemned the statement issued by State Bank of Pakistan Governor Dr Reza Baqir about depreciation in the rupee value and how it is benefiting the overseas Pakistanis and termed it an insensitive, irresponsible and fictitious statement. FPCCI president Mian Nasser Hyatt Magoo said … Read more
LAHORE: The present government under the able leadership of Prime Minister Imran Khan has dedicated special attention to augment the agriculture sector in the country, an official said. Talking to newsmen along with Special Assistant to Punjab Chief Minister on Information Hasaan Khawar, State Minister for Information and Broadcasting Farrukh Habib regretted that the previous … Read more
ISLAMABAD: Federal Minister for Science and Technology Syed Shibli Faraz has approved the exemption of marking fee for the Small and Medium Enterprises (SMEs) of business turnover up to Rs50 million. In accordance with the vision and directives of Prime Minister Imran Khan, the Ministry of Science and Technology is keen to take all steps … Read more
DUBAI: Etisalat has built a dedicated modern network for Expo 2020 Dubai to meet its exclusive requirements and provide telecom services for the millions of visitors expected from around the world throughout the six-month event, its top official says. Masood M Sharif Mahmood, chief executive officer of Etisalat UAE, said Expo is probably the most important event … Read more
KHARTOUM: Mass protests in Sudan show strong support for a civilian-led democracy, but analysts warn street demonstrations may have little impact on powerful factions pushing a return to military rule. Under a 2019 power-sharing deal after the ouster of long-time dictator Omar al-Bashir, Sudan is ruled by a sovereign council of civilian and military representatives tasked … Read more
BRUSSELS: The recovery of the eurozone economy is losing steam, a closely watched survey said on Friday, with big supply chain problems at factories causing price hikes not seen in 20 years. “The ongoing pandemic means supply chain delays remain a major concern,” warned Chris Williamson, Chief Business Economist at the IHS Markit. This was “constraining … Read more
BEIJING: Beijing plans to test tens of thousands of people after four new Covid-19 cases were found in a suburban district on Friday, as a new outbreak prompts school closures and flight cancellations across the country. China has maintained a staunch zero-Covid strategy with strict border closures, lengthy quarantines and targeted lockdowns. But the world’s … Read more
KARACHI: The Union of Small and Medium Enterprises (Unisame) has urged Federal Minister for Science and Technology Shibli Faraz to recommend export of Khaskhas (white poppy seeds without any further delay, as the SME farmers and exporters are losing opportunities in the global markets and suffering due to wrong policies, a statement said on Friday. … Read more
KARACHI: Pakistan’s liquid foreign exchange reserves fell massively by $1.642 billion by the week ended October 15, 2021, compared with the previous week, the central bank reported. The country’s foreign exchange reserves fell to $24.327 billion by the week ended October 15, 2021, compared with $25.969 billion a week ago. The official foreign exchange reserves … Read more
KABUL: Abdul Fawad, a resident of Afghanistan’s eastern Kapisa province, is visiting the International Committee of the Red Cross (ICRC) hospital in Kabul to learn walking with his artificial leg, with his dream to become a construction engineer being shattered. “I am 19 years old and also a graduate of high school but unfortunately sitting … Read more
WELLINGTON: APEC finance ministers agreed on Friday to continue working together to respond to the effects of Covid-19 and ensure a sustainable and inclusive recovery while capitalising on the opportunity to build a more resilient future. The New Zealand Minister of Finance and Deputy Prime Minister Grant Robertson chaired the virtual Finance Ministers’ Meeting of … Read more
BANGKOK: Myanmar’s junta has re-arrested more than 100 anti-coup protesters freed in a recent amnesty, according to a local monitoring group that tracks detentions and killings in the country. The Southeast Asian nation has been in chaos since the February coup, with more than 1,100 killed in a crackdown on dissent and over 8,000 arrested, … Read more
DUBAI: Virat Kohli’s India begin the Twenty20 World Cup as one of the favourites and take on arch-rivals Pakistan in Dubai on Sunday. AFP Sport looks back at six memorable limited-overs matches between the Asian cricket giants ahead of their latest clash: Last-ball six (April 18, 1986 – Sharjah) Javed Minadad’s last-ball six at the desert … Read more
KABUL: Thousands of Afghans have received humanitarian assistance within a week from October 11-17 across Afghanistan, a United Nations agency confirmed on Friday. In northeast, 2,625 internally displaced people, who recently returned to their villages, received household items in Badakhshan province, the Coordination of Humanitarian Affairs (OCHA) in Afghanistan said in a press release on … Read more
ISLAMABAD: Pakistan’s exports to the seven regional countries witnessed an increase of 31.60 per cent during the first three months of the current financial year (2021/22), compared with the corresponding months of the last year. The country’s exports to the regional countries, including Afghanistan, China, Bangladesh, Sri Lanka, India, Nepal, and the Maldives account for … Read more
ISLAMABAD: The leather exports witnessed an increase of 5.99 percent during the first three months of the current financial year (2021/22), compared with the exports of the corresponding period of the last year, the Pakistan Bureau of Statistics (PBS) reported. Pakistan’s exported leather worth $154.457 million during July-September 2021/22 against the exports of $145.733 million … Read more
ISLAMABAD: A ‘Sister City Agreement’ has been signed between China’s Qingdao city and Faisalabad, an official said on Thursday. In a tweet, Minister of State for Information and Broadcasting Farrukh Habib said that the agreement will lead to cooperation in areas, including industry, people-to-people contacts, business-to-business cooperation, culture, tourism, education and science and technology. This … Read more
KARACHI: The Federal Board of Revenue (FBR) has decided to form committees for the determination of Customs valuation of goods originating from Afghanistan and Iran. In this regard, the FBR proposed amendments in the Customs Act, 1969 through SRO 1352 (I)/2021. According to the proposed amendments, the law would apply for the determination of values … Read more
KANDAHAR, Afghanistan: “The authorities shifted me from Pul-e-Charkhi jail to Bagram prison which was in Afghan army control but virtually the Americans were the rulers of the prison and they beat me badly,” former detainee Abdul Qadir Hijran recalled. A resident of Afghanistan’s southern Kandahar province, 29-year-old Hijran was captured in 2011 in Takht-a-Pul area … Read more
KARACHI: BiP’s mother company Turkcell keeps adding new features to BiP, a global life and communication platform home-grown in Turkey, a statement said on Thursday. The company recently launched the ‘status’ feature for its app. Now, users can instantly share their videos and photos and add text to images. Other users can also view them … Read more
SEOUL: South Korea launched its first domestically developed space rocket on Thursday, carrying a 1.5-tonne payload into orbit it seeks to join the ranks of advanced space-faring nations. The Korea Space Launch Vehicle II, informally called Nuri and emblazoned with a South Korean flag, rose upwards from the launch site in Goheung trailing a column of flame. … Read more
KABUL: Security authorities in Afghanistan have arrested 250 militants affiliated with the Islamic State (IS) terror group over the past one month, local media reported on Thursday. “A total of 250 individuals affiliated with the IS, many of whom fled prisons, have been arrested over the past one month,” Tolo News television channel quoted the … Read more
RIYADH: The Saudi oil giant Aramco asked companies to send their technical and financial offers for a water desalination plant project in the Jafurah gas field, with a capacity of around 100,000 cubic metres/day, a banking source told CNBC Arabia. This reflects the company’s latest step to move forward in developing the field and to contribute … Read more
ABU DHABI: The UAE’s main economic indicators will achieve their highest growth rates in a decade during 2022 with the support of Expo 2020, Arab News quoted Egypt-based investment bank Beltone, as predicting. It predicts growth in private spending, non-oil GDP, tax and tourism revenues, with additional expenditure on consumer goods and services during the … Read more
DUBAI: As regional and international travel and cargo demand recover, airlines in the Middle East will require 3,000 new aircraft valued at $700 billion and aftermarket services such as maintenance and repair worth $740 billion, Arab News quoted Boeing’s prediction in a report. In its 2021 Commercial Market Outlook, a forecast of 20-year demand for commercial airplanes … Read more
RIYADH: The Saudi market saw mergers and acquisitions jump 68 per cent to 237 applications in the first nine months of 2021, led by the IT, healthcare and petrochemical sectors, Arab News quoted a Saudi expert, as saying. Talal Alhogail, head of mergers and acquisitions at the General Authority for Competition, said that the year-on-year comparison shows … Read more
