KARACHI: Bayer Pakistan and Tayaba Organisation have distributed 2,000 H2O water wheels in rural Sindh and Punjab communities, which face acute water shortages, as well as water transportation challenges, a statement said. Under this project, 1,000 water wheels were distributed in Sindh (Umerkot and Tharparkar) and 1,000 in Punjab (Hasilpur) and will directly benefit 14,000 … Read more
KARACHI: Supernet Limited, Pakistan’s largest satellite communications systems integrator and service provider, and Belgium-based SatADSL S A jointly announced the signing of an agreement empowering Supernet to benefit from the global service offering opportunities via SatADSL’s neXat platform, a statement said. neXat is a cloud-based, complete OSS/BSS that enables Supernet to extend the reach of … Read more
The Pakistan -West Indies T20I series was expected to draw crowds after Men in Green’s stellar performance in the ICC T20 World Cup and series whitewash of Bangladesh. Former captains and veteran cricketers Shahid Afridi and Wasim Akram expressed disappointment over the empty stadiums during the first two matches. Read more: Wasim Akram unimpressed with … Read more
LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has expressed concerns over the increase in the key policy rate, saying it would neutralise all the efforts aimed at bringing down the cost of doing business, a statement said. LCCI president Mian Nauman Kabir, senior vice president Mian Rehman Aziz Chan and vice president Haris Ateeq said … Read more
LAHORE: Minister for Labour Ansar Majeed Khan has inaugurated the electronic balloting for annual audit of businesses establishments, a statement said. The Punjab Employees Social Security Institution (Pessi) arranged the event at its head office. The minister said 18,269 enterprises and factories have been included in the balloting, which choose a self-assessment scheme. Through this … Read more
KARACHI: A delegation of the UBG Women Wing Sindh visited the Karachi Association of Trade and Industry (Kati) office to hold a meeting with the Kati office-bearers, a statement said. The UBG Women Wing Sindh delegation was led by Rizwana Shahid, chairperson; Shaista Kausar, senior vice president; Asma Wajid, vice president; Tayyaba Salman, IT head; … Read more
ISLAMABAD: Pakistan and Bulgaria signed a memorandum of understanding (MoU) on scientific and technical cooperation in the field of agricultural research, a statement said. The MoU was signed during a visit of Ambassador of Pakistan to Bulgaria Mariam Aftab to the Agricultural Academy of Bulgaria (AAB), where she met its president Prof Eng Martin Banev, … Read more
BEIJING: Pakistani and Chinese enterprises have expressed their intention to cooperate in the deep processing of potato starch, at an online business-matching meeting jointly held by the Ruzhou International Trade Enterprise Association and the Trade Mission of the Embassy of Pakistan in Beijing. “On the occasion, our enterprises have agreed to import 100 tonnes of … Read more
ISLAMABAD: On the seventh anniversary of the Army Public School massacre, Prime Minister Imran Khan urged the nation to stay firmly united against elements trying to spread discord and prejudice on sectarian, religious and ethnic lines stressing that sacrifices of martyrs of Army Public School have not gone in vain. Read more: APS Peshawar attack: … Read more
BEIJING: The third BRI Sino-Pakistan Agriculture Forum, organised by Huazhong Agricultural University, kicked off in Wuhan, China. Around 100 experts from agricultural institutes of China and Pakistan participated in the forum online and offline. Pakistan’s Ambassador to China Moin Ul Haque, counselor of the Chinese Embassy in Pakistan Xie Guoxiang and deputy director of Foreign … Read more
BEIJING: Both China and Pakistan enjoy their own competitive edge in the textile and garment sector and Chinese businessmen are willing to strengthen trade and investment cooperation with Pakistan in the textile industry, an official said. Bilateral trade has increased after the second phase of the China-Pakistan Free Trade Agreement came into effect in 2020, … Read more
Noting a decline in the prices of petrol products, Minister for Information and Broadcasting Fawad Chaudhry, on Thursday, remained confident that prices of other commodities would also decline, but stressed the “real success will be when Pakistan gets rid of the debts taken by Nawaz Sharif and Asif Ali Zardari.” Read more: Fawad holds Nawaz, … Read more
RIYADH: Annual inflation rate in Saudi Arabia hit 1.1 per cent in November, up from 0.8 per cent in the previous month, Arab News quoted Gastat report, as saying. This is the highest level since June and the third month in a row in which inflation rate rose, yet it remains within analysts’ expectations. Specifically, … Read more
RIYADH: Uber’s chief described last week as the “best week ever” for the transport company, as its shares jumped 5 per cent on Tuesday, CNBC reported. Dara Khosrowshahi said that the ride-sharing business has nearly 90 per cent recovered from the effects of the pandemic and he is ‘confident’ it will hit record highs in 2022. “Our … Read more
RIYADH: The price of cryptocurrencies listed on Coinbase, the largest US crypto exchange, and popular data provider CoinMarketCap.com fell briefly on Tuesday, Arab News reported. Several tokens showed astronomical gains that sent users rushing about huge windfalls, Bloomberg reported. CoinMarketCap.com said in a statement that the issue has been resolved, and Coinbase said the same on Twitter, … Read more
Foreign Minister Shah Mahmood Qureshi on Thursday reiterated that together as a collective voice of the Muslim Ummah, Organisation of Islamic Cooperation can prove to be an effective platform to cope with Afghanistan’s situation. Chairing a meeting in Islamabad, the foreign minister said the OIC moot is aimed at drawing world’s attention towards the need … Read more
RIYADH: Saudi Arabia’s planned 2022 budget surplus of SR90 billion ($24 billion) depends on oil prices staying at $70 to $75/barrel, Arab News quoted Jadwa, a Saudi investment bank, as saying. Brent oil was trading at $73.01/barrel at 3:53pm Saudi time on Wednesday. The Saudi Ministry of Finance announced this week it expects revenues valued … Read more
RIYADH: Binance, the largest cryptocurrency exchange, is set to sign an initial agreement with the Dubai government regarding crypto-related activities, Asharq reported. Dubai is one of the candidates along with France to be the global headquarters of Binance. Changpeng Zhao, the CEO and co-founder of Binance bought his first home in Dubai in October. He also said … Read more
Thousands of people in the Philippines had fled their homes and beachfront resorts as super typhoon Rai lashed the country Thursday, with authorities warning of “very destructive” winds and torrential rain. The storm was packing maximum sustained winds of 185 kilometres (115 miles) an hour as it barrelled towards central and southern regions of the … Read more
RIYADH: Member states of the Gulf Cooperation Council witnessed an improvement in their banking sector, as the total bank deposits increased by 3.3 per cent in the first half of 2021, compared to the end of 2020, Arab News reported. The GCC countries’ total bank deposits reached $1.6 trillion, according to a report released by the GCC … Read more
PARIS: There are currently 488 media professionals imprisoned around the world, the highest number since Reporters Without Borders began counting more than 25 years ago, the NGO announced Thursday. By contrast, the number killed this year — 46 — was the lowest since it began issuing annual tallies due to the relative stabilisation of conflicts … Read more
NEW YORK: The New York City lawmakers are poised to decide on Wednesday whether to prohibit most new buildings from using natural gas, a move that would make the nation’s most populous city a showcase for a climate change fighting policy that has been both embraced and blocked around the country, AP reported. The measure is expected … Read more
KARACHI: A dump truck reportedly crushed three persons to death in the Gulshan-e-Maymar area of Karachi, Bol news channel reported on Thursday. Rescue sources said the incident took place near W-25 bus stop. The sources said the victims were riding a bike when the dump truck hit them. Read more: Three people killed in Karachi … Read more
KARACHI: The share market recorded a decline of 170 points at the opening hours of trading on Thursday. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is trading at 44,197 points from last day’s closing of 44,367 points. Market sources said that the index lost 170 points due to profit taking in early hours … Read more
ISLAMABAD: The Election Commission of Pakistan (ECP) on Thursday asked all the members of the Senate, national and provincial assemblies to submit their financial statements for the fiscal year 2020-21 by December 31. The commission will publish a list on January 1, 2022, carrying the names of members who failed to submit the financial statements, … Read more
DUBAI: The United Arab Emirates (UAE) has suspended talks on a $23 billion deal to purchase American-made F-35 planes, armed drones and other equipment, in a rare dispute between Washington and a key US ally in the Arabian Gulf, AP reported. The Emirati Embassy in Washington said it would “suspend discussions” with the US, though meetings at … Read more
Dollar at new peak of Rs177.98 against rupee KARACHI: The rupee witnessed an unabated free-fall for the last several months, as the dollar hit a new record high of Rs177.98 at the closing on the interbank foreign exchange market on Wednesday, amid the monetary tightening announced a day ago. –SHAHNAWAZ AKHTER Read more PTCL Group … Read more
The US Congress on Wednesday voted to set up a commission to assess the failures of the 20-year war in Afghanistan following the Taliban’s victory. The commission was part of a $768 billion annual defense package passed by the senate 89-10 after similarly overwhelming approval last week by the House of Representatives. President Joe Biden, … Read more
