As always, BOL Entertainment brings something unique and something new to TV screens. BOL is bringing you “BOL Ka Pakistan” while maintaining the tradition of its hit programs. For the first time in the history of Pakistan, it will be hosted by a TikTok celebrity, Rabeeca Khan. If you have a mobile phone in your … Read more
KARACHI: To win funding from the International Monetary Fund (IMF), Pakistan has passed a mid-year finance bill withdrawing exemptions of Rs350 billion on sales tax and a law to grant its central bank greater autonomy. The IMF set a condition of budgetary tightening for the revival of a stalled $6 billion package before the approval of … Read more
LAHORE: Pakistan’s wheat crop is under threat, as the farmers are facing acute shortage of urea since the start of the sowing season. However, the government claims surplus availability of the commodity but the growers fear the persistent shortages will also hit the sugarcane and maize crops, which they termed a bad omen for the … Read more
KARACHI: Pakistan’s economy brushed aside the negative impact of the Covid-19 pandemic, as it registered a robust growth of 4.5 per cent in 2021, a latest UN report revealed. At the same time, the global body advised the State Bank of Pakistan (SBP) to assess the magnitude and timing of the monetary policy to support … Read more
KARACHI: The Sindh health department on Sunday decided to conduct coronavirus tests at schools across the province. A notification in this regard has been issued to all the district health officers, Bol news reported. As per details, 100 samples will be collected from schools in each district. Then the samples will be sent to Dow … Read more
PRISTINA: Kosovo police has seized hundreds of cryptocurrency mining machines and arrested one person in the tense ethnic-Serb majority north as the country suffered an energy crisis. Cryptocurrencies like Bitcoin are created through solving complex equations — an endeavour that consumes enormous amounts of energy Tensions between the Serb-majority area and the ethnic Albanian majority … Read more
The Habib Bank Limited (HBL), being the largest in the sector, can be categorised as a proxy for exposure on Pakistan’s economy. An external account crisis such as currency depreciation, rising current account deficit warranted action by the authorities to put brakes on growth and increasing discount rate. Analysts expect the HBL’s stock to perform … Read more
Pakistan has condemned the increasing harassment, illegal arrests, and registration of fake criminal cases against journalists and civil society activists in Indian Illegally Occupied Jammu and Kashmir (IIOJK), a statement by Foreign Office (FO) said on Sunday. The statement added that Saturday’s reported attack on the Kashmir Press Club reflects India’s entrenched use of brute … Read more
The General Tyre and Rubber Company of Pakistan Limited was incorporated in Pakistan on March 7, 1963 as a private limited company and was subsequently converted into a public limited company. GTYR is engaged in the manufacturing and trading of tyres and tubes for automobiles and motorcycles. Net sales in value terms for the first … Read more
Iranian authorities on Sunday returned 38 illegal Pakistani migrants, after arresting them from the Pak-Iran border, to Levies Force, Bol news reported quoting sources on Sunday. The sources said that they were attempting to reach European countries via Iran for better job opportunities. Read more: UN lauds Pakistan on completion of maiden smart card registration … Read more
ISLAMABAD: Minister for Information and Broadcasting Chaudhry Fawad Hussain on Sunday rued that salaries of journalists had not been increased for several years. He said recently media houses earned 40 per cent profit. Talking to newsmen at the Lahore Press Club on Sunday afternoon, Fawad Chaudhry said media house owners increased salaries of anchors, but … Read more
The fertiliser manufacturers’ stable revenue stream and margins keep the sector favourite in the market. The firm earnings bode well with the sector’s cash rich position for sustainable payouts, making their dividend yields attractive at the current levels. The DAP manufacturer, Fauji Fertilizer Bin Qasim (FFBL), is in a sweet spot. The DAP prices in … Read more
KARACHI: Import restrictions introduced through the Finance Supplementary Bill is expected to help the rupee remain stable next week. However, a surge in the international oil prices may prove otherwise. The National Assembly on January 13, 2022 approved the Finance (Supplementary) Bill, 2021. Through the legislation, the government withdrew exemptions and concessions worth Rs343 billion. … Read more
KARACHI: The Pakistan stocks witnessed a lacklustre and volatile week ended January 14, 2022 and closed 0.92 per cent up, while the analysts believe the index will perform well, going forward. “The passage of the mini-budget should address the fiscal concerns, while the revival of EFF facility with the IMF will not only allow resumption of … Read more
ISLAMABAD: Finally, the government has met all the conditions of the International Monetary Fund (IMF) for the review of the $6 billion programme, and the entire nation is already bearing its repercussions in the form high inflation, an economic slowdown and increase in the cost of doing business. For Finance Minister Shaukat Tarin the current … Read more
RAWALPINDI: Special Assistant to the Prime Minister (SAPM) on Climate Change Malik Amin Aslam said over 600 million saplings would be planted during the spring plantation campaign this year. He said the government has set a plantation target of one billion trees for all the provinces this year. The SAPM said the government has issued … Read more
Despite all the hue and cry around gas shortages, Pakistan has not been able to develop any new liquefied natural gas (LNG) terminals since 2017, while smooth commercial import of the scarce commodity still remains a far cry. Energy is a very tricky subject as far as Pakistan is concerned, where the industrialists, compressed natural … Read more
WASHINGTON: The World Bank has approved $90 million in additional financing for Iran, to help fight against the Covid-19 pandemic, a spokesperson said Friday. The Washington-based development lender’s board of directors approved the aid on December 21, a World Bank spokesperson said, which “will be utilised only for procuring additional lifesaving, essential medical equipment to … Read more
COLOMBO: Sri Lanka and India have launched a joint venture to revive a strategic British colonial-era oil storage facility and strengthen energy security in the region, a senior minister said. The deal is seen as countering China’s rising influence in the region and comes two days ahead of a visit to the Indian Ocean island … Read more
Interior Minister Sheikh Rashid on Sunday said that the opposition will not achieve its dream of in-house change against Prime Minister (PM) Imran Khan. While talking to the media in Rawalpindi, the minister said that the opposition can bring a no-confidence motion against Prime Minister Imran Khan. However, he predicted, that the opposition would fall … Read more
WASHINGTON: With US inflation high and the Federal Reserve expected to hike interest rates within months, President Joe Biden said on Friday he had faith in the central bank’s ability to manage price increases while ensuring that businesses keep hiring. “I want to be clear: I’m confident the Federal Reserve will act to achieve their … Read more
South Africa’s Test captain Dean Elgar has said that he could not be prouder of his players after the hosts produced an outstanding comeback and defeated India in the three-match Test series with the score of 2-1. Proteas’ Keegan Petersen hit 82 on the fourth day of the final Test to set up a memorable … Read more
WASHINGTON: The US economy ended 2021 on a sour note with a worse-than-expected employment report Friday underscoring the challenges awaiting President Joe Biden in the New Year, as the Omicron variant runs rampant and his legislative agenda stalls. The world’s largest economy gained only 199,000 jobs in the final month of the year, the Labour … Read more
PARIS: After limping its way back from the Covid pandemic last year, the global economic recovery has been rattled by the Omicron variant’s rapid rise. The travel industry has been thrown into disarray again, workers have been forced to isolate at home and governments are facing a stark choice between imposing restrictions or letting the … Read more
DUBAI: Jumeirah Village Circle (JVC) remained the most popular destination for rental properties in Dubai’s affordable housing segment during 2021; followed closely by Al Nahda, Mirdif, Dubai Silicon Oasis and Akoya Oxygen, according to Zoom Property Insights. In the luxury category, the highest number of searches were recorded,for Dubai Marina and Downtown Dubai. Jumeirah Beach … Read more
Haaland prefers move to Real over Man City Borussia Dortmund’s star striker Erling Haaland is preferring a move to Real Madrid despite interest from reigning English champions Manchester City, as per Spanish daily AS. The Norway international has a release clause of €75 million which will be activated in the summer transfer window. It was … Read more
ISLAMABAD: National Security Adviser Dr Moeed Yusuf on Sunday said that India made a publicity stunt by announcing 50,000 tonnes of wheat assistance for Afghanistan but did not send a single grain for the Afghans facing worst humanitarian crisis. “India deliberately announced the wheat assistance intended to be transported through Pakistan’s land routes with the … Read more
LAS VEGAS: A wind turbine sitting idle on a calm day or spinning swiftly when power demand is already met poses a problem for renewables, and is one researchers think can be tackled under the sea. In one vision, offshore wind farms could use seawater to essentially store energy until it’s needed, helping wean humanity … Read more
