Accused According to police officials and a report, Buffalo gunman Payton Gendron was hospitalized and underwent a mental health examination after making a “generalized threat” intended at a high school in his hometown. According to Buffalo Police Commissioner Joseph Gramaglia and an Associated Press article, Gendron, an 18-year-old from Conklin, New York, was hospitalized for … Read more
Saudi Arabia’s economy grew at its quickest rate in a decade in the first quarter of this year, thanks to a surging oil industry that fueled a 9.6% increase over the same time in 2021. The preliminary results come after the world’s biggest oil exporter resisted US entreaties to raise output in an attempt to … Read more
The Lahore High Court (LHC) has directed the provincial government to implement “The Punjab Empowerment of Persons with Different Abilities Act, 2021”, once enacted and notified by the assembly, in letter and spirit in order to protect the fundamental rights of persons with disabilities (PWDs). Justice Jawad Hassan issued the direction in a judgment issued … Read more
“Transparency, accountability, and communication are hallmarks of good central banking, more so than independence.” This was the key message of leading economists at the Webinar on ‘Central Bank Independence: Reformation or Deformation?’ organised by the Centre for Aerospace & Security Studies (CASS) in Islamabad. The discussion focused on the global evolution of the Central Bank … Read more
ISLAMABAD: After a consistent decline in militant attacks for six years, Pakistan witnessed a 56% surge in militant attacks in 2021 despite a one-month ceasefire by the Tehreek-e-Taliban Pakistan (TTP). The statistics released by an Islamabad-based think tank, Pakistan Institute for Conflict and Security Studies (PICSS), showed that the militants carried out 294 attacks this … Read more
Pakistan to receive Sri Lankan businessmen delegation KARACHI: Sri Lanka to explore more avenues of cooperation and collaboration with the business community of Pakistan by sending a businessmen delegation, a diplomat said –SHAHNAWAZ AKHTER Read more Realme to expand distribution in Pakistan KARACHI: Smartphone brand realme has partnered with three distributors for better consumer outreach … Read more
Pakistan equity market remains bullish, KSE-100 Index gains 216 points KARACHI: The Pakistan equity market started the day on a dull note, as the Federal Cabinet again delayed the approval of the refinery policy bill and rescheduled it for Thursday, dealers said. –JAVED MIRZA Read more Dollar touches new peak of Rs178.24 KARACHI: The dollar … Read more
Pakistan bourse remains bullish at midday KARACHI: The Pakistan stocks witnessed a bullish trend at midday, as the KSE-100 Index registered an increase of 5.32 points, or 0.01 per cent, on Wednesday. –LATIFUR REHMAN Read more PYMA appeals Tarin not to impose R&D on polyester filament yarn KARACHI: Saqib Naseem, central chairman of Pakistan Yarn … Read more
Current account deficit balloons to $7 billion in five months KARACHI: Pakistan’s current account deficit has ballooned to $7 billion during the first five months (July-November 2021/22 on sharp growth in import bill during the period, according to the balance of payments data released by the State Bank of Pakistan (SBP) on Monday. –SHAHNAWAZ AKHTER … Read more
IsDB to provide $180m loan for hydropower projects ISLAMABAD: The Islamic Development Bank (IsDB) to approve $180 million loan for the Mohmand Dam and other hydropower projects, official of the IsDB said. –HAMZA HABIB Read more ECC approves Rs106.1 billion for Ehsaas subsidy programme ISLAMABAD: The government has approved Rs106.1 billion Ehsaas Targeted Commodity Subsidy … 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
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
Britain’s Queen Elizbath is planning to spend the holiday with her family at Sandringham after the family was forced to spend all the other holidays apart because of COVID-19. According to a British tabloid, the longest reigning monarch will be heading towards Sandringham Estate in Norfolk with her close family members if no new COVID … Read more
PCRCL seeks govt’s help in revival of sick units ISLAMABAD: Pakistan Corporate Restructuring Company Limited (PCRCL) chief executive officer Laqa Sarwar seeks government’s support for the revival of sick units. –HAMZA HABIB Read more CCP finds cartelisation in broiler chick hatcheries ISLAMABAD: The Competition Commission of Pakistan (CCP) has found collusion and price fixation of … Read more
KARACHI: While rejecting the Sindh Local Government (Amendment) Bill 2021, Leader of the Opposition in Sindh Assembly Haleem Adil Shaikh deemed Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari and Sindh Chief Minister Murad Ali Shah a “threat to democracy and security risk to the country.” “The 14-year rule of the PPP has deprived masses … Read more
ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday deferred the implementation of new and revised valuations of immovable properties till January 16, 2021; following anomalies pointed out by the stakeholders. The FBR on December 1, 2021 issued fresh and upward revised valuation tables for immovable properties located in 40 major cities of the country. … Read more
Senate committee asks FBR to revoke revaluation of properties SRO ISLAMABAD: The Senate Standing Committee on Finance has directed the Federal Board of Revenue (FBR) to revoke the recent SRO issued on the revaluation of properties and urged the officials to determine the value of immovable properties in consultation with the relevant stakeholders in 15 … Read more
Economy on strong footings to absorb trade deficit, inflationary pressures: Tarin ISLAMABAD: A record trade deficit, double-digit inflation and increase in the interest rate of T-bills auction created panic at the Pakistan stock market but the economy is on strong footings and will grow beyond 5 per cent in this financial year, a senior government … Read more
PARIS: The OECD lowered the world’s economic growth outlook for 2021 on Wednesday and called for a swifter rollout of Covid vaccines, fearing the emergence of “breeding grounds” for deadlier strains. The global economy is now expected to expand by 5.6 per cent this year, down from an earlier forecast of 5.7 per cent, the … Read more
Yasir Hussain and Iqra Aziz are the most favourite duo of the Pakistani showbiz industry. Yesterday, Yasir was celebrating his birthday. On that occasion, the Bandi star took to his Insta account, dropped a photograph that shared a comparative glimpse of the last year 2020 birthday and the current birthday of 2021. Read more: Yasir … Read more
Abad halts work on all construction projects KARACHI: The Association of Builders and Developers (Abad) on Thursday announced to halt construction work on all projects from Friday, November 26, 2021, to protest against the null and void declaration of all the projects, despite approval by the government agencies. –SHAHNAWAZ AKHTER Read more The not … Read more
KARACHI: The average customer rates of buying and selling of UAE Dirham (AED) against Pakistani rupee (PKR) are Rs47.82 and Rs48.29 at 05:35 pm PST on November 13, 2021. The AED slightly decreases against the PKR when compared with the buying and selling of Rs47.85 and Rs48.32 on November 12, 2021. The exchange rate is … Read more
Pakistan’s forex reserves inch up to $24 billion KARACHI: The foreign exchange reserves of Pakistan have increased $100 million to $24.026 billion by the week ended November 5, 2021, the central bank reported on Thursday. – BY SHAHNAWAZ AKHTER Read more FBR to abolish sales tax concession on sugar by month-end KARACHI: The Federal … Read more
KARACHI: The average customer rates of buying and selling of Saudi Arabian Riyal (SAR) against Pakistani rupee (PKR) are Rs45.93 and Rs46.39 at 05:26 pm PST on November 10, 2021. The SAR slightly appreciates against the PKR when compared with the buying and selling of Rs45.74 and Rs46.2 on November 9, 2021. The exchange rate … Read more
KARACHI: The average customer rates of buying and selling of US dollar (USD) against Pakistani rupee (PKR) are Rs 174.4 and Rs 175.5 at 05:21 pm PST on October 27, 2021. The PKR slightly depreciates against the USD when compared with the buying and selling of Rs 174.3 and Rs 175.3 on October 26, 2021. … Read more
RIYADH: The Saudi market saw mergers and acquisitions jump 68 per cent to 237 applications in the first nine months of 2021, led by the IT, healthcare and petrochemical sectors, Arab News quoted a Saudi expert, as saying. Talal Alhogail, head of mergers and acquisitions at the General Authority for Competition, said that the year-on-year comparison shows … Read more
Prime Minister Imran Khan reiterated on Thursday that Pakistan Tehreek-e-Insaf (PTI) government was dedicated to the preservation of trees. “Our government is dedicated to [the] preservation of our trees and every tree is being saved including saving and replanting trees that need to be removed from a particular location,” he said in a tweet. Our … Read more
Horoscope Today: Good or bad, be prepared for all the crucial events coming your way, and whether the stars are in your favor or not. Know insights about your future with the help of astrology. Read your daily horoscope prediction to find out what’s in store for you today. Read the predictions for all the stars … Read more
