Tel Aviv has become the world’s most expensive city to live in, as soaring inflation has pushed up living costs globally, according to a survey published on Wednesday. The city climbed five rungs to score the top place for the first time in the authoritative ranking compiled by the Economist Intelligence Unit, the research and … 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
KARACHI: United States Agency for International Development (USAID) director for the Office of Sindh and Balochistan Andrew Rebold and Sindh Secretary for Agriculture Parvez Ahmed Seehar participated in a closing ceremony of the US government-funded Pakistan Agricultural Technology Transfer Activity (PATTA), a statement said. The four-year programme increased agricultural yield through modern technologies designed to … Read more
LONDON: Punjab Governor Chaudhry Muhammed Sarwar has called on United Kingdom’s Leader of the Opposition in the House of Commons and senior leader of the Labour Party Keir Starmer during his visit to the United Kingdom. In a tweet, Muhammed Sarwar apprised that he had “a very productive” meeting with Sir Keir Starmer and Shadow … Read more
KARACHI: Facebook has launched its flagship skill development programme ‘Rise’ in Pakistan to help advertising agencies and marketing professionals develop new and contemporary skills for professional success and fulfillment, a statement said. Initially launched in Brazil in 2020, Rise has now grown to 18 countries across four continents to supplement global efforts for the economic … Read more
Chancellor Angela Merkel and her designated successor Olaf Scholz will meet German regional leaders on Thursday to finalise new measures to tackle surging Covid cases, with compulsory jabs among the options on the table. Infections have smashed records in Germany in recent weeks and hospitals are sounding the alarm, with many already over capacity and … 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
Eight people were killed and three others injured following a collision between a coach and a truck in the city of Qianshan, east China’s Anhui Province, on Thursday. The accident took place at around 10 a.m. on a highway, local police said in a statement, adding that the injured are being treated at a local … Read more
ISLAMABAD: Prime Minister Imran Khan has emphasised that the timelines specified for the completion of the China-Pakistan Economic Corridor (CPEC) projects should be adhered to. The government of Pakistan is fully committed to the provisions of CPEC agreements, he said, while presiding over a high-level meeting held here to review the progress on CPEC projects. … 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
LALAMUSA: Police on Thursday claimed to have arrested at least nine suspects during search operations in different areas of Lalamusa city in Gujrat district for their alleged involvement in illegal activities. Read more: CTD arrests six suspected terrorists in Punjab Confirming the news, District Police Officer Umar Salamat said that the police also lodged cases against … Read more
ISLAMABAD: Federal Minister for Privatisation Mohammedmian Soomro has said that a level-playing field is being provided to all the prequalified bidders for ensuring utmost transparency. Chairing a second pre-bid meeting of Heavy Electrical Complex (HEC), he said the transaction of HEC is in its concluding stage and “we are resolving the pending matters related to … Read more
RIYADH: China plans to ban companies from going public on foreign stock markets through entities with different interests. It will close a loophole that the country’s technology industry has long used to raise capital from foreign investors, according to Bloomberg. People familiar with the matter, who asked not to be identified while discussing private information, said … Read more
Pakistan High Commission in New Delhi issued 136 visas to Indian Hindu pilgrims to visit their religious sites in Pakistan, confirmed Radio Pakistan. A group of Indian Hindu pilgrims is visiting Pakistan to participate in the 313th birth anniversary celebrations of Shiv Avtari Satguru Sant Shadaram Sahib at Shadani Darbar Hayat Pitafi in Sindh starting … Read more
LONDON: Saudi Aramco’s award of $10 billion worth of contracts on its giant Jafurah project has finally fired the starting gun to develop what is thought to be the world’s biggest shale gas field outside the US, Arab News reported. Having battled with America’s shale oil producers for market share over the last decade, the kingdom is … Read more
ISLAMABAD: The Karot hydropower project will start its commercial operations by the first half of 2022, as around 95 per cent work of the project had been completed, according to official sources in the China-Pakistan Economic Corridor (CPEC) Authority. Recently, the Karot hydropower project, which is a major project under the China-Pakistan Economic Corridor, successfully … Read more
Libyan Minister of Transportation Mohamed al-Shohobi on Wednesday launched the first tourist cruise line between Libya and Turkey, the first trip of its kind in Libya in more than 20 years, the Ministry of Transportation said in a statement. The launch of the cruise line comes within the framework of the Libyan government’s efforts to … Read more
ISLAMABAD: President Dr Arif Alvi, on Wednesday, signed the Protection of Journalists and Media Professionals Bill into an act, calling it historic legislation for the country. The president signed the legislation during a ceremony in the capital attended by cabinet ministers and journalists, and media professionals. Read more: IHC seeks replies from law, information secretaries on … Read more
LAHORE: Ambassador of Argentine Leopoldo Francisco Sahores called on Punjab Minister for Agriculture Syed Hussain Jahania Gardezi and discussed matters of mutual interests and cooperation in the field of agriculture, a statement said. Sahores said that Argentine’s companies were keen to invest in the field of agriculture and food products in Pakistan. Gardezi said that … Read more
ISLAMABAD: JS Bank, one of the fastest-growing banks in Pakistan, has announced the opening of its new state-of-the-art private banking office at the prestigious Serena Business Centre in Islamabad, a statement said. The new office is designed to facilitate priority customers with dedicated financial advisers who will guide and assist in wealth management, estate planning and … Read more
The WHO issued stern warnings Wednesday on the dangers of vaccination apathy and the European Union put mandatory jabs on the table as the United States registered its first case of the fast-spreading Omicron strain of the coronavirus. The new variant, first reported to the World Health Organization by South Africa a week ago, has … Read more
KARACHI: Pakistani rupee edged down by 2 paisas against the dollar in early trade at the interbank foreign exchange market on Thursday. The dollar is being traded at Rs175.50 at the opening of the interbank market. The exchange rate was closed at Rs175.48 on Wednesday December 1, 2021. Read more: Rupee recovers 24 paisas against … Read more
ISLAMABAD: The government plans to increase e-commerce trade volume up to $9 billion in the next two years by June 2023, an official said. There are already conflicting figures in Pakistan’s e-commerce trade; however, with the current trade of $4.5 billion, “we can take it up to $9 billion,” Special Assistant to the Prime Minister … Read more
ISLAMABAD: Prime Minister Imran Khan has reiterated that the implementation and operationalisation of the projects related to the China-Pakistan Economic Corridor (CPEC) was the top priority of the government. Chairing a high-level meeting to review progress on CPEC projects in Islamabad, the premier said that timelines specified for completion of the projects should be adhered … Read more
The UN warned Thursday that the need for humanitarian aid was skyrocketing worldwide, as the pandemic continues to rage, and climate change and conflicts push more people to the brink of famine. The United Nations’ humanitarian agency OCHA estimated that 274 million people worldwide would need some form of emergency assistance next year, up 17 … Read more
KARACHI: The Pakistan stocks opened on a bearish note as the KSE-100 index witnessed a decline of 835.11 points, or 1.84 per cent, in the first hour of trading on Thursday. The bourse on Wednesday remained in the green territory after the adjustment of the MSCI-related outflows, and the market momentum was supported by the … Read more
LONDON: Opec+ sees the oil surplus worsening to 2 million barrels/day in January, 3.4 million bpd in February and 3.8 million bpd in March next year, an internal report seen by Reuters showed. “Generally, the impact of Omicron seems to be jet-fuel related for now, particularly in Africa and Europe,” the report said. [embedpost slug=”/opec-meets-under-pressure-from-biden-and-omicron/”]
RAWALPINDI: A Pakistani soldier named Havaldar Muhammad Shafiq embraced martyrdom while on duty during a United Nations (UN) peacekeeping mission in the Central African Republic (CAR), the military’s public affairs wing said in a statement on Thursday. Read more: Ninety per cent Pakistanis believe respecting army is very important Havaldar Shafiq joined the UN mission in … Read more
