ISLAMABAD: Pakistan has surpassed the manufacturing of local mobile phones, compared with the imported ones, as during January to July 2021, the local production stood at 12.27 million, while the country imported 8.29 million mobile phones, the data released by the national telecom authority revealed on Thursday. This trend reflects a positive uptake on the … Read more
ISLAMABAD: Noor Mukadam’s father Shaukat Mukadam on Thursday approached the Islamabad High Court (IHC) to challenge the bail granted to the Therapy Works owner and chief executive officer and other employees. Earlier in the Noor Mukadam case, Additional Sessions Judge (ASJ) Muhammad Ata Rabbani had granted bail to the six employees of Therapy Works including … Read more
KARACHI: Mari Petroleum Company Limited (MPCL) has declared a final cash dividend of Rs75/share along with the financial results for the year ended June 30, 2021. This is in addition to the interim dividend of Rs66/share already paid to the shareholders, a bourse filing said on Thursday. MPCL posted a net profit of Rs31.44 billion … Read more
KARACHI: The repatriation of profit and dividend registered a decline of 55 per cent, owing to improved business climate for foreign investors in Pakistan. The repatriation of profit and dividend stood at $159.2 million in July 2021, compared with $354.5 million in the same month of the last year, according to the statistics released by … Read more
Prime Minister Imran Khan on Thursday said that nothing in this world can be achieved without a struggle. Speaking at the launching ceremony of Pakistan Tehreek-e-Insaf government’s performance report, the premier said that the past three years have been a very difficult period for the government. “There are ups and down comes in every organisation … Read more
LAHORE: The Gohar Ejaz Group has registered an unprecedented 12th consecutive victory in the annual elections of the All Pakistan Textile Mills Association (Aptma) for the year 2021/22 by winning all the seats both at centre, as well as zonal levels. The election results for the year 2021/22 were announced at a press conference held … Read more
TEHRAN: Foreign Minister Shah Mehmood Qureshi on Thursday reached Iranian capital on the last leg of his four-nation tour to hold discussion with leadership on the evolving situation of Afghanistan. Pakistan’s ambassador to Iran Rahim Hayat Qureshi and senior foreign ministry officials welcomed Foreign Minister Qureshi at the Mehrabad Airport. During his visit, the foreign … Read more
KARACHI: After touching an 11-month high of Rs166.28 a day ago, the rupee recovered 47 paisas against the dollar on Thursday, owing to inflows of remittances and export receipts. The exchange rate ended at Rs165.81 against the dollar in the interbank foreign exchange market. The dollar continued to make gains in early day trading and … Read more
LAHORE: Nespak, under the leadership of its managing director Dr Tahir Masood, has been ranked this year on ENR (Engineering News-Record) Magazine Top International/Global Construction Management/Program Management Firms list, published as part of the ENR Top International/Global Contractors feature in the August 2021 issue of ENR, a US-based ran king magazine, a statement said on … Read more
LAHORE: The Pakistan Prosperity Index (PPI) has increased 12.8 per cent on account of improvement in the business activities, a report issued by PRIME revealed on Thursday. The Pakistan Prosperity Index is an agglomeration of trade volume, lending to the private sector, purchasing power and manufacturing output indices. The trade volume witnessed an increase of … Read more
KARACHI: The Sindh government would provide agricultural machinery to farmers on easy instalments, Adviser to the Sindh Chief Minister on Agriculture Manzoor Hussain Wassan said, while talking to dignitaries from different walks of life, a statement said on Thursday. The dignitaries came to meet the adviser at his residence in which a number of farmers … Read more
Executive Director United Nations World Food Programme (WFP) David M Beasley on Thursday called on Prime Minister Imran Khan and appreciated Pakistan’s role in facilitating the work of his organisation in providing food assistance to the people in Afghanistan. The Rome-based WFP official also discussed the ways for the continued provision of humanitarian assistance to … Read more
KARACHI: The National Investment Trust Limited (NITL) is in the process of launching two new funds, NIT-Social Impact Fund (NIT-SIF) and NIT-Islamic Money Market Fund (NIT-IMMF), a statement said on Thursday. To introduce the new funds and discuss NIT’s performance, NITL managing director Adnan Afridi met Fauji Foundation managing director Waqar Ahmed Malik in Islamabad. … Read more
WASHINGTON: National Security Advisor (NSA) Moeed Yusuf has warned that the ‘instability’ in Afghanistan may lead to “more terrorism, refugees and economic hardship for Pakistan”. “Afghan instability could lead to more terrorism, refugees and economic hardship for Pakistan,” Yusuf was quoted by The Washington Post columnist Josh Rogin in the article “Pakistan wants to be … Read more
KARACHI: The Standard Chartered Bank (Pakistan) Limited has announced 31 per cent decline in its net profit for the half-year ended June 30, 2021, a bourse filing said on Thursday. The bank declared Rs6.78 billion profit-after-tax for the half-year (January–June) 2021, compared with Rs9.85 billion during the corresponding period last year. The bank in its … Read more
RIYADH: The Saudi authorities have issued new guidelines regarding Covid-19 for travellers so that the country could prevent spread of coronavirus in Saudi Arabia. According to the guidelines, Saudi government allowed direct travel from Pakistan for those having a valid residency permit and left the kingdom after taking two doses of the Covid-19 vaccine from … Read more
KARACHI: The State Bank of Pakistan (SBP) has announced the launch of Roshan Apna Ghar Scheme for Overseas Pakistanis, a statement said. The State Bank of Pakistan will launch the scheme this week for non-resident Pakistanis for acquisition of property in Pakistan. The non-resident Pakistanis can now purchase or obtain financing for a house in … Read more
KARACHI: The Sindh High Court on Thursday by the consent of representatives of Hindu and Sikh communities allowed Sikhs to perform their religious rituals at an allocated premises inside Karachi’s Swaminarayan Temple. While disposing of a five-year old matter a two-member SHC bench headed by senior judge Justice Irfan Sadat, held that both petitioner and … Read more
