BEIJING: The Chinese enterprises can expand their investment in date, palm tree planting and processing in Pakistan and cooperate with local enterprises, so as to jointly tap the international market. China can help Pakistan develop the modern logistics industry and establish modern cold storage systems and deep-processing production lines. These views were expressed by Cheng … Read more
ISLAMABAD: The Fertiliser Review Committee has reviewed the supply, stock position and production targets of urea in the current month for sowing season. To supervise the urea supplies, amid Rabi season, Federal Minister for Industries and Production Makhdoom Khusro Bakhtyar along with Federal Minister for Food Security and Research Syed Fakhar Imam held a meeting … Read more
Australian lawmakers Thursday backed calls for a full judicial inquiry into media ownership, at the end of their own year-long investigation sparked by a record-breaking petition demanding a probe into Rupert Murdoch’s dominance of the sector. The Senate committee recommended the establishment of an independent and more “comprehensive investigation” that could subpoena witnesses and look … Read more
ISLAMABAD: The government is taking all possible measures to ensure smooth supply of essential commodities throughout the country, a senior official said. Presiding over the National Price Monitoring Committee (NPMC) meeting, Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin expressed satisfaction on the prices of commodities in Sasta Bazaars in Punjab, Khyber-Pakhtunkhwa, … Read more
The United Nations (UN) Security Council on Wednesday strongly condemned the series of attacks against the UN peacekeeping mission in Mali. In a statement, the members of the Security Council expressed their deepest condolences and sympathy to the bereaved families, as well as to Egypt, Mali, Togo and the United Nations Multidimensional Integrated Stabilization Mission … Read more
DUBAI: The signing of new investment deals reportedly worth $30 billion between Saudi Arabia and Oman is no doubt a positive development for solidifying cooperation between the member countries of the Gulf Cooperation Council, Arab News reported. Yet the first questions that spring to mind are: Why Oman and why now? From a geopolitical perspective, Saudi Arabia’s … Read more
Minister for Information and Broadcasting Fawad Chaudhry has said that Pakistani people have confidence in Prime Minister Imran Khan that he will not do anything for personal gains. Read more: 92% Pakistanis think inflation highest in PTI’s regime: Transparency International In a tweet on Thursday, Chaudhry said, “Whether it is a Transparency [International] survey or … Read more
The National Medical Products Administration (NMPA) has given emergency approval to the registration application of two COVID-19 medicines, BRII-196 and BRII-198. This is China’s first approved COVID-19 virus-neutralizing antibody combination therapy with independent intellectual property rights. The two medicines are used in combination to treat adult and adolescent patients with mild and moderate symptoms and … Read more
WASHINGTON: President Joe Biden on Wednesday signed an executive order to make the federal government carbon-neutral by 2050, aiming for a 65 per cent reduction in planet-warming greenhouse gas emissions by 2030 and an all-electric fleet of car and trucks five years later, Arab News quoted AP as saying. The White House said the order shows how the government … Read more
Twenty models with disabilities have taken to the catwalk in Ivory Coast in a ground-breaking assault on taboo and stigma. Decked out in a red suit, traditional Sahelian boubou robes, multi-coloured African bogolan prints and a blue tunic with printed motifs, the models showed off the latest creations of Abidjan designers in an event dubbed … Read more
WASHINGTON: The US employers posted 11 million open jobs in October, nearly matching a record high reached in July and a sign that companies were confident enough in the economy to expand, Arab News reported. The government report on Wednesday also showed that the number of people quitting their jobs dropped slightly in October to 4.2 million, … Read more
NEW YORK: Oil prices edged lower in choppy trade on Wednesday, taking a breather after gains earlier this week, as investors assessed the impact of the Omicron coronavirus variant on the global economy, Reuters reported. The market had a muted reaction to US weekly inventory figures, which showed a smaller-than-anticipated decline in crude stocks and another bump … Read more
RIYADH: Pakistan-based fashion e-commerce startup ‘Clicky’ has raised $2.4 million in a pre-Series A round led by early-stage investors in the UAE and Pakistan, Magnitt reported. The startup aims at using the newly-acquired funding to scale its private-label product, through working directly with the manufacturers and fashion designers. Clicky, founded in 2016, offers fast fashion products with … Read more
KARACHI: Pakistani rupee declined by 17 paisas against the dollar in early trade at the interbank foreign exchange market on Thursday. Read more: BOL NEWS BUSINESS DIGEST: December 9, 2021 The dollar is being traded at the historic high of Rs177.60 at the opening of the interbank market. The exchange rate ended as the local … Read more
RIYADH: Hotels in Dubai are raking in huge profits due to high-profile international events taking place in the emirate. Expo 2020 and T20 Cricket World Cup boosted Dubai hotels’ gross operating profit per available room to SR668 ($178), while the total revenue per available room of hotels amounted to $316 in October, according to an … Read more
JEDDAH: The consortium for Saudi Aramco’s largest energy infrastructure deal, is looking to obtain a $14.7 billion loan. The source revealed to CNBC Arabia that the consortium sought to take advantage of current low financing rates. The loan will last for seven years. Saudi Aramco signed on December 6 a $15.5 billion leaseback deal involving its gas … Read more
CANBERRA: In a diplomatic achievement for Pakistan, the government of Australia has returned an aniconic stone dating from the third millennium BCE, having originated in Balochistan. Read more: PM Imran says govt committed to restore, preserve heritage sites The stone was handed over to Pakistan’s High Commissioner Zahid Hafeez Chaudhry at a ceremony which was … Read more
RIYADH: Bahrain’s parliament on Wednesday approved plans to increase value-added tax to 10 per cent from the current 5 per cent, according to Reuters. The Cabinet referred last September a draft law to the parliament, to decide on increasing VAT starting Jan. 1, 2022. The legislators discussed earlier this year the options of reducing wages or social … Read more
KARACHI: The Pakistan stocks opened on a bearish note as the KSE-100 index witnessed a decline of 153.15 points, or 0.35 per cent, in the first hour of trading on Thursday. The Pakistan equity market closed bearish on Wednesday, as it remained range-bound with low volumes and across-the-board lacklustre activity. The KSE-100 went up 285 … Read more
RIYADH: The US-based investment bank Citigroup has chosen favourable bidders for its consumer assets in Asian markets. The investment banking company chose Bangkok’s Bank of Ayudhya to buy its retail assets in Thailand, with an expected potential $2 billion deal to be negotiated in the coming weeks, Bloomberg reported. Citigroup has picked Singapore-based United Overseas Bank in … Read more
ISLAMABAD: China donated 7,000 saplings to support Prime Minister Imran Khan’s 10 Billion Tree Tsunami programme and help Pakistan in its fight against climate change. Read more: Around 60,000 fruit, other saplings planted in Karachi under urban forestry In a ceremony held on Wednesday at the Chinese embassy, the Chinese Ambassador to Pakistan Nong Rong … Read more
RIYADH: The Kempinski Floating Palace, a luxury hotel, plans to open in Dubai at the beginning of 2023, local media reported on Wednesday, Arab News reported. The project worth 870 million dirhams ($236.9 million) has 156-rooms and a suite hotel. Anchored next to Jumeirah Beach Road, visitors can arrive by speedboat or directly with their own boats … Read more
Pakistan reported its first “suspected” case of the new coronavirus variant Omicron in a woman in Karachi on Wednesday, Sindh Health Minister Dr Azra Fazal Pechuho confirmed but added that a genomic study was being carried out for confirmation. Read more: Omicron threat looms over Sindh, experts urge caution “The genomic study of the coronavirus patient’s … Read more
Britain will move to “Plan B” restrictions to combat the rapid spread of the Omicron variant this winter, said British Prime Minister Boris Johnson on Wednesday. At a Downing Street press conference on Wednesday evening, the prime minister asked people to work from home when possible from Monday and that face masks would be a … Read more
KARACHI: Former Sindh governor Muhammed Zubair on Thursday said the Green Line Bus Rapid Transit Project (BRT), which Prime Minister Imran Khan was going to inaugurate on December 10, was a gift of former prime minister Nawaz Sharif to Karachi. “The Green Line project was given by the Pakistan Muslim League-N (PML-N) to Karachi. It … Read more
Pakistan stocks slightly down amid profit-taking KARACHI: The Pakistan bourse witnessed a profit-taking session, amid rupee depreciation, where the KSE-100 Index managed to sustain near previous levels, dealers said. –JAVED MIRZA Read more Engro Polymer achieves first-ever carbon-neutral ethylene voyage KARACHI: The Engro Polymer and Chemicals Limited (EPCL) has achieved its first-ever carbon-neutral voyage on … Read more
A father and son have been arrested on charges of starting a huge forest fire that burned more than 200,000 acres in northern California this summer, local officials said. David Smith, 66, and Travis Smith, 32, were charged with starting a fire that led to the conflagration known as the Caldor Fire on August 14 … Read more
Chairman Joint Chiefs of Staff Committee General Nadeem Raza and Chief of the Army Staff General Qamar Javed Bajwa on Wednesday offered their condolences to India over the death of the country’s first Chief of Defence Staff General Bipin Rawat. “General Nadeem Raza, CJCSC and General Qamar Javed Bajwa, COAS express condolences on tragic death … Read more
