Shabbir Tiles and Ceramics Limited is primarily engaged in the manufacturing and sale of tiles and trading of allied building products. The company feels that the tile industry will continue to show healthy growth for next couple of years, as the friendly government policies are leading to development of several mega projects. However, the industry … Read more
Weighted average cost of gas (WACOG) Bill is a positive sign for Pakistan, as it would ensure gas availability across all sectors countering the impact of depleting domestic gas reserves. Under the new pricing mechanism, the ratio of supply of local gas and the liquefied natural gas (LNG) would change to 50/50 from the current … Read more
KARACHI: The rupee is expected to remain under pressure against the dollar next week, owing to the Russian attack on Ukraine and the higher current account deficit. The rupee witnessed a significant decline in the last two days of the week (February 21 to 25), as Russia intensified attacks on the Ukrainian territory. The rupee … Read more
KARACHI: The Pakistan equity market lost 3.7 per cent during the week ended February 25, 2022 on the back of major concerns over the Russia-Ukraine conflict, while range-bound activity is expected next week, analysts said. An analyst at Pearl Securities said Russian president Putin ordered a military operation where forces launched a full invasion in … Read more
ISLAMABAD: A massive increase of Rs12/litre in the petrol prices came as a big shock for van driver Atiq Khan, who provides pick-and-drop service to school children. Atiq Khan said that he had increased the transportation charges last month, but the recent hike in petrol prices have made things much more difficult for him. “Last … Read more
KARACHI: The global wave of inflation has hit Pakistan hard. The low-income segment of the society has particularly been affected by the sharp rise in the prices of basic kitchen items. The average inflation based on the Sensitive Price Indicator (SPI) increased 18.09 per cent on a year-on-year basis by the week ended February 18, … Read more
KARACHI: Supernet has secured multiple contracts of over Rs450 million from Zarai Taraqiati Bank Limited (ZTBL) to strengthen the communication and IT infrastructure of its nationwide branch network, mostly in the rural areas of Pakistan, a statement said. ZTBL’s Executive Vice President and Chief Information Officer Aamir Zaffar Chaudry said: “We are depending upon the … Read more
KARACHI: H&S Real Estate, a Dubai-based property investment firm, has launched Rs11 billion ($70 million) Autograph, a hi-tech residential project in Lahore, a statement said on Monday. The company has also announced its plans of a series of real estate investments in major cities as Pakistan currently offers incentives to new foreign companies and the … Read more
KARACHI: Mastercard has announced the expansion of its new interactive business intelligence platform Mastercard Market Trends in the Middle East and Africa, a statement said on Thursday. The new platform provides a comprehensive view of payments insights, competitive intelligence and industry trends for banks and financial institutions across the world and now within the Middle East and … Read more
RAWALPINDI: The media wing of Pakistan military, Inter Services Public Relations (ISPR) on Sunday said February 27 marked the third anniversary of ‘Operation Swift Retort’ when Pakistan armed forces gave a befitting response to Indian failed misadventure. The ISPR said achievements of the Pakistan Air Force (PAF) in shooting down two Indian fighter aircrafts, detection … Read more
LAHORE: The Trade Development Authority of Pakistan (TDAP) will organise the first ‘Pakistan Engineering and Healthcare Show 2022’ to be held at Expo Centre in Lahore from February 25 to 27, a statement said. Delegates from 46 countries of Africa and Central Asian Republics (CARs) will participate in the exhibition, in which 21 product categories … Read more
ISLAMABAD: Zong 4G, Pakistan’s cellular and digital services frontrunner and the CSR leader in the local ICT arena, has signed an agreement with the Pakistan Telecommunications Authority (PTA) to promote gender inclusion in the workplace and beyond, a statement said. Since its inception, inclusion of women at all levels of employment and society has been … Read more
Australia’s tennis star Nick Kyrgios, the former World no. 14, opened up about his mental health and a rough patch that he went through in 2019. He revealed that he had suicidal thoughts, abused drugs and self-harmed during the dark period. The controversial crowd-pleaser, who won the Australian Open doubles title last month, posted a … Read more
KARACHI: The Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) and Institute of Space Technology (IST) have joined hands to bridge the gap between academia and industry, a statement said. Paapam and IST have decided to enter into a formal bilateral collaboration to strengthen academia-industry linkage by transferring skill sets and capacity building to … Read more
Zhou Guanyu is all set to make history as he is inches close to becoming the first Formula One drive from China. He had his first official outing on Thursday, on the final laps of his long journey to put his country on the F1 map. After sitting out the opening day of pre-season testing … Read more
LONDON: Britain’s NatWest bank has said that it surged back into annual profit last year as the economy recovered from Covid, and forecast it stands to gain from rising interest rates. The lender, which is majority-owned by the government, said in a statement that net profit hit £2.95 billion ($4 billion, 3.5 billion euros) in … Read more
KARACHI: Police are still groping in the dark as they have failed to arrest the suspected killers of TV journalist Athar Mateen, who was shot dead by bandits in broad daylight on a busy road in North Nazimabad, Karachi on February 18. However, Karachi Capital City Police Officer (CCPO) Ghulam Nabi Memon claimed that the … Read more
BRUSSELS: German premium carmaker Audi and China’s FAW are to kick off an electric vehicle plant in Changchun, capital of Northeast China’s Jilin province. Construction on the plant, with an investment of 20.9 billion yuan ($3.3 billion), will start in April this year, according to a Jilin government document. The plant, with a designed production … Read more
Sally Horrox has been appointed as World Rugby’s director of women’s rugby, the global governing body announced Wednesday. Horrox will take up her new post in May, just months away from the Women’s World Cup in New Zealand, after leaving the international sports and brand consultancy which she co-founded in 2015. The 12th and final … Read more
Many of us are already addicted to the game, whereas others are ardently trying to grasp the internet’s commotion behind Wordle. It has taken over all Twitter feeds and all our Whatsapp conversations as we struggle to compete and win every day’s challenge. If you are still not up to date on this gamified literary … Read more
KARACHI: The tobacco industry in Pakistan enjoys a thriving customer base, currently comprising at least 24 million active tobacco users in the country, Bol News has learnt. According to a study titled ‘The Huge Economic Cost of Tobacco-Induced Diseases in Pakistan’, conducted by the Pakistan Institute of Development Economics (PIDE), the total costs attributable to … Read more
TOULOUSE: European aircraft manufacturer Airbus said it has strong confidence in the growth opportunities in China. Hence, the company has made fresh investments in the country at a time when it canceled some projects elsewhere, said George Xu, executive vice-president of Airbus and CEO of Airbus China. Confidence in the China market remains high despite … Read more
Major League Soccer’s 27th season is underway with expansion to 28 clubs and New York City is hungry to become the first repeat champions in a decade. There will be 14 contests over the opening weekend of the tournament. Currently, there are 28 teams playing in the league this year which will extend up to … Read more
BEIJING: Several coffee brands in China have raised prices recently, and market watchers have predicted that prices are likely to continue rising, given the upward pressure on raw material costs. On Wednesday, without any official announcement, consumers found that Starbucks had increased the prices of various drinks by 1 yuan ($0.16) to 2 yuan. Starbucks … Read more
PESHAWAR: Archaeologists have found Buddhist artefacts in the northwest region of Pakistan that date back 1,800 years, an official has said. The rare artefacts have been found in the Swabi district located some 83 kilometres from Peshawar, the Provincial Director Archaeology Department, Abdul Samad informed the Anadolu Agency. “We have found around 400 new antiquities … Read more
Karachi: Picture this – You are sitting on your couch with a warm cup of hot chocolate in your hand. As you slowly get more comfortable, wrap a throw around yourself, put on a Friends episode and sip the beverage that soothes your soul, you realize that F.R.I.E.N.D.S on your television is the only real … Read more
JAKARTA: Ahead of the two-day meeting of G20 finance ministers and central bankers scheduled to be held in Jakarta on Thursday, US Treasury Secretary, Janet Yellen, reportedly called on China to be ‘more active’ in the G20 debt relief efforts. Yellen said in an interview that the G20’s Debt Service Suspension Initiative (DSSI) ‘has not … Read more
You may or may not have played the game, but Uncharted caters to all kinds of audiences, the ones who loved the game, and those who had no clue there was one. It reminds the audience of the time when Indiana Jones had decent adventures, and when reading a map was considered art. With Tom … Read more
