Credit ratings of global financial institutions experienced a weaker decline during the pandemic, compared with the previous crises in the 21st Century, Arab News quoted Fitch Ratings, as saying in a report. On an average, global financial institutions ratings decreased 0.15 of a notch, a method of comparing ratings of debt issuers used by credit … Read more
German carmaker Audi is looking at ways into Formula One, with partnerships with established racers teams like McLaren, Red Bull and Williams mooted in the press on Wednesday. Audi’s supervisory board discussed the options at a meeting in Stuttgart, including “potential transactions” with McLaren, according to Bloomberg News. “We constantly look at different cooperation ideas … Read more
LAHORE: The Lahore High Court (LHC) on Thursday granted post arrest bail to former Rawalpindi commissioner Mahmood Ahmed and land acquisition collector Wasim Tabish in the Rawalpindi Ring Road corruption case. Justice Shehram Sarwar ordered the release of the accused against furnishing bail bonds worth Rs10m each. The former commissioner was arrested by Punjab’s Anti-Corruption … Read more
ISLAMABAD: The New Khanki Barrage in Punjab has brought widespread benefits to the community, including increased agricultural output and income of over half a million farming families and far-reaching social and economic benefits, particularly for women and girls, through new health, education, recreation, and other community infrastructure. The barrage, which was financed by the government … Read more
ISLAMABAD: The delegations of the Federal Board of Revenue (FBR) and the Asian Development Bank reviewed the progress on the reforms being carried out in collaboration with the ADB and the issues and challenges being confronted for effective implementation, a statement said. The FBR team was led by its chairman Dr. Muhammad Ashfaq Ahmed and … Read more
VANCOUVER: The government of Canada’s British Columbia declared a state of emergency in the Pacific province on Wednesday due to floods and mudslides caused by rainstorms in the last few days. British Columbia Premier John Horgan made the declaration at a news conference. “Heavy rains, strong winds, flooding have devastated entire communities of our province.” … Read more
KARACHI: The Pakistan Stock market continued to witness profit-taking on Thursday where late recovery was seen in the banking stocks, as the joint session of the Parliament approved a bill that would pave the way for increasing the central bank’s autonomy; thus, bringing it a step closer to reviving the delayed International Monetary Fund (IMF) … Read more
Toronto Blue Jays pitcher Robbie Ray was named the American League’s Cy Young Award winner on Wednesday as the Milwaukee Brewers’ Corbin Burnes won the National League award. Ray was a near-unanimous choice for the annual pitching honor, garnering 29 of the 30 first choice votes for a points total of 207 in a ballot … Read more
ISLAMABAD: National Assembly Speaker Asad Qaisar on Thursday banned the entry of Pakistan Peoples Party (PPP) MNA Qadir Mandokhail for Friday’s session of the National Assembly for his misconduct with him during the joint sitting of Parliament. In a letter addressed to Mandokhail, the additional secretary legislation informed the PPP lawmaker that the speaker has … Read more
‘Educated toh hain, but masla yeh hai ke koi interest nai hai ghar mei,’ says a mother-in-law sitting right next to her daughter-in-law on Nida Yasir’s morning show as she complains of being tricked by a marriage bureau. In an episode that featured real-life saas-bahus seeking advice from celebrities, Nida Yasir played a referee as … Read more
KARACHI: The Sindh High Court on Thursday set aside life terms of two accused, convicted on charges of kidnaping for ransom by two different anti-terrorism courts (ATCs), and ordered their release if their custody is not required in any other case. Appellants Imran Ahsan and Muhammad Zubair were convicted and awarded life imprisonment on June … Read more
Alexander Zverev set up a clash with Novak Djokovic in the last four of the ATP Finals after a straight sets victory over Hurbert Hurkacz 6-2, 6-4 on Thursday. World number three Zverev claimed a spot in the semis behind already-qualified Daniil Medvedev in just over an hour and will face Djokovic on Saturday for … Read more
Islamabad: Amid other controversial bills, the government in Wednesday’s joint sitting of the parliament passed a bill which has amended the Muslim Family Law Ordinance 1961 making physical presence of at least two witnesses mandatory for divorce for the people belonging to the Shia sect in Pakistan. The joint sitting of the Parliament passed a … Read more
LONDON: Under-fire British Prime Minister Boris Johnson was on Thursday accused of “betrayal” as his government scaled back rail plans in northern England, despite announcing an unprecedented £96 billion investment for the region. Johnson is already reeling from a raft of misconduct allegations against his MPs, and risks further damaging headlines by backtracking on a key pledge … Read more
Sri Lanka have tapped a former skipper and several ex-players to replace head coach Mickey Arthur who joins the English county side Derbyshire next month, cricket officials said Thursday. Mahela Jayawardene has been approached to coach and mentor the national team, English-language daily The Island reported, quoting unnamed Sri Lanka Cricket (SLC) sources. The 44-year-old worked on improving the … Read more
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed that the tax adjudication cases should be handled under the supervision of the Federal Tax Ombudsman (FTO) office for a fair, neutral, transparent and competent resolution. Speaking on the occasion of Dr Asif Mahmood Jah, FTO Pakistan’s visit to the FPCCI Head … Read more
The cricketer who dubbed Cheteshwar Pujara ‘Steve’ while they both played for Yorkshire has apologised to the India batsman in the latest fallout from the Azeem Rafiq case that has sent shockwaves through the English game. Pakistan-born Rafiq told a UK parliamentary committee on Tuesday how racist language was “constantly” used during his two spells at … Read more
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin has acknowledged the longstanding partnership and firm commitment of the Asian Development Bank as a major partner for bringing essential reforms in priority areas, including energy, fiscal and debt management, and socio-economic development. During a meeting with John Hurley, the US Alternate executive … Read more
ISLAMABAD: The Petroleum Division has informed the Cabinet Committee on Energy that during the winter season the demand for domestic consumers will be met through cutting the gas supply to captive power plants and the compressed natural gas (CNG) sector. A meeting of the Cabinet Committee on Energy was held under the chairmanship of Federal … Read more
West Ham manager David Moyes is enjoying a long-awaited renaissance after years in the wilderness as the Scot masterminds his club’s unexpected bid to reach the Champions League. Moyes has the Hammers flying high in the Premier League and a win at Wolves on Saturday would consolidate their position in the top four. West Ham … Read more
LAHORE: The Lahore High Court (LHC) on Thursday issued notice to the Punjab Government on a petition challenging the ban on release of funds for development works of local bodies. Chairperson District Council Sialkot Hina Arshad had filed a petition, arguing that even after the approval of budget no funds were being released for the … Read more
ISLAMABAD: A large number of businessmen have appreciated the Board of Investment (BoI) team for timely resolution of their complaints and facilitating investors in every possible way, a statement said. In this regard, the Board of Investment organized an “e-kachehry to establish a connection between its officials and the businessmen. After successfully conducting the first … Read more
KARACHI: The Sindh High Court on Thursday observed that it wanted the suit for administration of the estate of Quaid-e-Azam Muhammad Ali Jinnah and Fatima Jinnah to be decided after which appeals against final judgment could be filed. The observation came from a two-judge bench, headed by Justice Aqeel Ahmed Abbasi, while hearing three appeals … Read more
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has shown dismay, as the Federal Board of Revenue (FBR) continues with the provisions of the ITO Third Amendment 2021, a statement said. FPCCI president Mian Nasser Hayat Maggo blasted the FBR over its provisions which seek to compel companies to make payments for … Read more
PARIS: French lawmakers voted on Thursday to end wild animals being used in live circus shows, spelling an end to performing tigers, lions or bears. Performances of wild animals will be prohibited in two years and owning them outlawed in seven years, under the wide-ranging animal rights legislation that has been under debate since 2020. … Read more
Many Celebrities in Bollywood welcomed parenthood through surrogacy and now Preity Zinta added her name to the list by sharing the good news. Zinta recently took to her social media handles and announced the arrival of her twin children with husband Gene Goodenough through surrogacy. By sharing an overjoyed picture with Gene, Preity wrote, “Hi … Read more
BEIJING: China has applauded the China-Pakistan Economic Corridor (CPEC) Authority for hosting a meeting of Pakistan-based Chinese companies and briefing them about more investment opportunities in Pakistan. Chinese Foreign Ministry Spokesperson Zhao Lijian applauded the efforts from the Pakistani side to increase input in the development. Special Assistant to the Prime Minister (SAPM) on CPEC … Read more
LONDON: A man with paranoid schizophrenia was jailed for life on Thursday for killing a university worker during a random knife rampage in Britain’s second city of Birmingham. Zephaniah McLeod’s motiveless stabbing and slashing spree early on September 6 last year initially raised fears of a copycat of Islamist-inspired attacks in London in 2019 and 2020. … Read more
