KARACHI: The body of a 53-year-old Chinese national, identified as Li Wenzhang, was found from a private company’s compound at Port Qasim in the city, Bol News reported Thursday night. Read more: Pakistan must ensure safety of our citizens: China’s response to Gwadar attack According to the police, they found the body of the Chinese man … Read more
ISLAMABAD: The large-scale manufacturing industries (LSMI) production grew 3.56 per cent during the first four months of the current fiscal year, compared with the corresponding period of the last year, Pakistan Bureau of Statistics (PBS) reported. The LSMI Quantum Index Number (QIM) was recorded at 140.50 points during July-October (2021/22) against 135.66 points during July-October … Read more
RIYADH: The annual rate of consumer inflation in Saudi Arabia has averaged 3.3 per cent in the year through November 2021, according to the data compiled by Arab News. However, several organisations expect it to be in the lower range of 1 per cent to 2 per cent next year. The 3.3 per cent rate is … Read more
RIYADH: Saudi crude oil exports and production went up in October to reach their highest levels since April 2020, Arab News quoted data released by Jodi. Saudi crude oil exports grew by 317,000 barrels/day to hit 6.83 million bpd. This corresponded to a monthly 5 per cent increase from 6.52 million bpd in September. In annual terms, … Read more
Global debt went up by the highest one-year jump in 2020 since World War II to reach a record $226 trillion, Arab News quoted the International Monetary Fund, as saying in a blog posting. This came as countries grappled with the pandemic and a significant recession. The IMF indicated that the surge in debt was justified to … Read more
RIYADH: Low-cost airline flyadeal will begin flights from Saudi Arabia to Egypt from January 6, 2022, Arab News reported. The company, a subsidiary of Saudia, will operate the Cairo-Riyadh route twice a day, with flights in both directions as a first stage. Egypt is the third international destination for flyadeal, following Dubai and Kuwait, bringing the … Read more
The annual US report on terrorism acknowledged that Pakistan took steps in 2020 to tackle terrorism financing, restrain India-focused militant groups and meet additional progress towards completing the Financial Action Task Force (FATF) Action Plan and made positive contributions to Afghanistan peace process. Read more: Pakistan is test case for FATF’s fairness, says law minister … Read more
CAIRO: Egypt will have its first green hydrogen production plant up and running next November, Arab News quoted Ayman Soliman, CEO of Egypt’s Sovereign Fund, as saying. This comes in accordance with the agreement signed last October with the Norwegian Scatec alliance, Fertiglobe, and the Emirati Abu Dhabi National Oil Company, where quantities of 50 to 100 … Read more
RIYADH: The Abu Dhabi Chemicals Derivatives Company, TA’ZIZ, has signed an agreement worth around 3 billion dirham ($800 million) to facilitate projects in the chemical industry with eight UAE-based investors, Arab News reported. The investors will take a stake of up to 20 percent in a portfolio of chemicals projects worth 15 billion dirhams alongside the Abu … Read more
CAIRO: Egypt’s exports saw an increase of 24.5 per cent in the ten months to October 2021 as a result of new measures put in place to stimulate export trade, Arab News reported. Egyptian Minister of Trade and Industry, Nevin Gamea, said that the measures helped Egyptian exports rise during the first ten months of 2021, reaching … Read more
KARACHI: The Pakistan stocks opened on a bearish note as the KSE-100 index witnessed a decline of 112.95 points, or 0.26 per cent, in the first hour of trading on Friday. The Pakistan bourse closed bearish on Thursday, as the less-than-expected rate hike and the central bank’s forward guidance was disregarded by the market after … Read more
ISLAMABAD: Foreign Minister Shah Mahmood Qureshi has said that sanctions and assets freeze crippled the banking system of Afghanistan, impeding the transfer of funds for humanitarian purposes. Read more: OIC moot to bridge gap between Taliban, int’l community on Afghan humanitarian crisis: FM In his article published in Khaleej Times, he said that the crippling of … Read more
Prime Minister Imran Khan has thanked the people of Skardu for their generous welcome, as he reaffirmed the government’s commitment to uplift the poor segment, and backward areas of the country during a large public gathering yesterday. Read more: PM Imran Khan says G-B will see new era of prosperity with Skardu airport On Thursday, … Read more
Aptma urges PM to issue orders for restoration of energy supply to textile industry LAHORE: The All Pakistan Textile Mills Association (Aptma) has urged Prime Minister Imran Khan to immediately intervene in the restoration of energy, both electricity and gas, supply to the textile industry. –HASSAN NAQVI Read more PSX remains bearish; KSE-100 Index down … Read more
LONDON, Dec. 16 (Xinhua) — Fuelled by the rapid spread of the Omicron variant, Britain registered a record number of daily coronavirus cases for the second day in a row. A total of 88,376 new cases were reported, up from 78,610 cases 24 hours earlier, bringing the total number of coronavirus cases in the country … Read more
WhatsApp has been discovered to be testing the ability of group admins to remove certain messages for the entire group. Despite years of debate and harsh criticism, this appears to provide group leaders more flexibility to limit spam and misinformation that is frequent within ordinary WhatsApp groups. WhatsApp developed many features in his update, as reported by … Read more
ISLAMABAD: Muttahida Qaumi Movement-Pakistan leader Khalid Maqbool Siddiqui said on Thursday that his party would not carry the labour and burden of Pakistan Tehreek-e-Insaf in coming times. Speaking to media with Justice (retd) Wajihuddin at the party’s temporary Bahadurabad office, he said that Pakistan Peoples Party is pushing Sindh towards ethnic tensions. “MQM-P will carry … Read more
