Tue, 21-Oct-2025

POLL Dollar’s dream run continues, with few obstacles in its path

POLL

The U.S. dollar has soared another 12% this year. Analysts say there is no good reason to expect the rally to stall yet. Only 11 respondents said less than three months for the dollar to weaken. The euro, Japanese yen, and British pound have all weakened by double-digit percentages this year. The POLL dollar will … Read more

Tesla’s conveyances fall, hurt by China’s COVID closure

Tesla's

Tesla delivered 254,695 vehicles in the April to June period, down 17.9% from the previous quarter. China’s COVID 19-related shutdown disrupted its production and supply chain. Tesla is ramping up production at the Shanghai factory, which will help boost deliveries. Tesla’s Inc (TSLA.O) conveyances were 17.9% fewer electric vehicles in the second quarter from the … Read more

Oil prices have dropped by more than 2% as the Federal raises interest

Oil

Oil prices fall after the Federal Reserve raises interest rates. Data shows a build in U.S. crude stocks and distillate inventories, while gasoline posts drawdown. A stronger dollar makes oil more expensive for holders of other currencies, curtailing demand. Drivers around the world were tolerating record-high prices for road fuels, data showed. Oil costs fell … Read more

Dua Lipa had a massive mishap on the stage of her Milan show

Dua Lipa Milan

Dua Lipa’s fans screamed when they witnessed their favourite singer tumble over the stage during her Milan gig on Thursday.

During her Future Nostalgia tour, the Levitating vocalist was putting the stage on fire at Mediolanum Forum Assago when she tripped and fell down.

The singer, dressed in a pink jumpsuit, lost her footing during the live act and had to be assisted back to her feet by a supporting dancer.

Meanwhile, Lipa has remained focused on her profession following her divorce from Anwar Hadid, the younger brother of supermodels Bella and Gigi Hadid.

During an interview with Vogue, the singer stated that she is pleased with her single life.

“The next chapter of my life is about learning to be okay with being alone,” she told the magazine.

“Oh, Dua went out for dinner on her alone, blah blah, I do this all the time,” the singer-songwriter said, adding that “it was a big step for me, and I was terrified like, what am I going to do?” “I don’t want to be on my phone,” he continued.

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Cement dispatches fall 4.2% in December

Cement

The cement dispatches declined 4.2 per cent in December 2021 to reach 4.59 million tonnes compared with 4.79 million tonnes in December 2020, data by All Pakistan Cement Manufacturers Association (APCMA) showed. Local cement dispatches during December 2021 were 4.057 million tonnes compared with 4.159 million tonnes in December 2020, recording a decline of 2.45 … Read more

Forex reserves fall $275 million to $22.499 billion

AUD to PKR

KARACHI: The foreign exchange reserves of the country fell $275 million to $22.499 billion by the week ended November 26, 2021, the central bank reported. The foreign exchange reserves stood at $22.774 billion by the week ended November 19, 2021. The official forex reserves of the State Bank of Pakistan (SBP) fell $244 million to … Read more

Middle East airports to lose $11 billion in revenues by end of 2021

RIYADH: Revenues of aviation hubs in the Middle East could fall by approximately $11 billion by the end of 2021, Arab News quoted Airports Council International (ACI) Asia-Pacific, as saying in a statement. “Consistent with forecasts previously reported in 2020, the Middle East will be one of the hardest-hit regions globally with almost 70 per cent passenger … Read more

Capital gains tax collection posts 7% fall amid massive growth in PSX

Tax authorities

KARACHI: The collection of capital gains tax (CGT) has registered a decline of 7 per cent during the fiscal year 2020/21, despite a massive growth in the stock market during the year under review. According to the statistics made available to BOL, the collection of the capital gains tax stood at Rs1.82 billion during the … Read more