Moscow has covertly funded political parties, officials and politicians in at least two dozen nations across four continents since 2014. Review found Russia is expected to continue the covert financing of foreign political parties and candidates in the coming months. President Joe Biden’s administration is sharing details of the review with 110 countries. According to … Read more
KARACHI: The Pakistan stocks hit a 21-month low to close below the level of 40,000 points on Thursday, as the rupee touched the historical low of 227/dollar in the interbank market, dealers said. An analyst at Pearl Securities said the ongoing political uncertainty kept dragging the market sentiment, wherein, the Punjab chief minister’s election would … Read more
The World Bank has authorised a loan of $200 million for Punjab’s agricultural sector. The sum is one-third less than originally anticipated for the project. The loan will help farmers adopt climate-smart farming techniques and technology that increase crop yields and conserve water resources. The World Bank has authorised a loan of $200 million … Read more
KARACHI: The Pakistan equity market witnessed a lacklustre session on Friday after investors opted for profit taking which dragged the Index to close in a negative zone. An analyst at Arif Habib Limited said that the market remained range bound throughout the day as investors opted for profit taking. “The benchmark KSE-100 Index opened in … Read more
Disciplinary hearing for Deshaun Watson started Tuesday and is supposed to continue Wednesday. Decision will be delivered by Sue L. Robinson, a previous U.S. Locale Court judge. She was chosen to supervise the case by the NFL and NFL Players Association. Watson, who has denied bad behavior, has settled 20 of 24 common claims connected … Read more
Gareth Bale is set to join MLS side Los Angeles FC after leaving Real Madrid. Bale signed for Real from Tottenham Hotspur in 2013 for a then-record transfer fee of $105.54 million. Bale led Wales to a first World Cup since 1958 as they beat Ukraine 1-0 in their playoff in Cardiff earlier this month. … Read more
China has added 1.48 million full-time instructors to the country’s compulsory education system. The obligatory education retention rate increased from 91.8 percent in 2012 to 95.4 percent in 2013. China has 158 million pupils in 207,000 schools for the nine-year obligatory education. BEIJING – Over the last ten years, China has added 1.48 million full-time … Read more
KARACHI: The Pakistan stock market closed on a higher note on Friday as investors’ confidence improved on the news of expected removal of Pakistan from the Financial Action Task Force (FATF) grey list. An analyst at Arif Habib Limited said that bulls dominated the market throughout the day as Pakistan hopes to come off the … Read more
Committee on Oversight and Reform. previously this month asked NFL Commissioner Roger Goodell and Washington Redskins owner Brian Snyder to appear before the committee. It said the meeting would likewise “analyze the NFL’s treatment of claims of working environment wrongdoing, the NFL’s part in setting and authorizing norms across the League.” A source near Snyder … Read more
Indian money laundering investigators question opposition leader Rahul Gandhi. The inquiry is tied to a nine-year-old accusation by a member of Prime Minister Narendra Modi’s party. Gandhi and his mother were accused of constructing a shell corporation and taking ownership of $300 million in property. On Monday, Indian money laundering investigators questioned opposition leader Rahul … Read more
KARACHI: The State Life Insurance Corporation (SLIC) Pakistan has launched an innovative Golden Endowment Plan for catering modern day needs of policy holders, an official said on Friday. SLIC Chairman Shoaib Javed Hussain said that it is a comprehensive limited premium payment term plan that offers enhanced financial benefits. “One of the major reasons why … Read more
KARACHI: The inflows of workers’ remittances fell 25 per cent a month-on-month basis to clock-in at $2.3 billion in May, the State Bank of Pakistan (SBP) said on Friday. The workers’ remittances have continued to remain above the $2 billion mark since June 2020. In terms of growth, the remittances decreased 25.4 per cent on … Read more
KARACHI: The Pakistan bourse remained range-bound throughout the day on Tuesday due to concerns over rising inflation numbers and tightening of money supply. An analyst at Arif Habib Limited said that the benchmark KSE-100 Index opened in the positive zone but lackluster activity was witnessed. Volumes remained dry in the main board although hefty volumes … Read more
KARACHI: The Pakistani rupee gained Rs 2.25 to reach Rs199.76 on Friday as the government met the International Monetary Fund’s (IMF) condition of slashing the subsidy on the prices of fuel. The local unit recovered Rs2.25 to close at Rs199.76 to the dollar from Thursday’s closing of Rs202.01 in the interbank foreign exchange market. The … Read more
KARACHI: The price of gold recorded a decline of Rs700 to reach Rs135,300/tola on Friday as the international gold prices fell to 1,818/ounce. Gold 24kt declined Rs700/tola and Rs600/10grammes in the local market to hit Rs135,300/tola and Rs115,998/10grammes, respectively. The yellow metal recorded the all-time high of Rs136,000/tola the previous day in the local market, … Read more
KARACHI: The inflows of workers’ remittances crossed $3 billion in April 2022, which is the highest-ever remittances received in a month, the State Bank of Pakistan (SBP) said on Friday. “With $3.1 billion inflows during April 2022, the workers’ remittances crossed $3 billion for the first time ever.” In terms of growth, during April 2022, … Read more
Adele is celebrating a significant milestone in her relationship with boyfriend Rich Paul, revealing that the couple has moved into a million-dollar mansion. Taking to Instagram, the 34-year-old powerhouse singer shared a slew of adorable photos of the couple. One of the photos showed the couple showing off the keys to their Beverly Hills mansion. … Read more
Amber Heard has yet to pay the ACLU the $3.5 million commitment she made over three years ago, citing a “financial issue” as the reason for her inability to do so. The American Civil Liberties Union’s COO, Terence Dougherty, made the announcement. She answered Heard’s 2016 charitable commitment of $7 million, explaining that the most … Read more
KARACHI: The Pakistan Stocks observed a range bound secession on Wednesday, where the KSE-100 Index remained volatile throughout the day due to expectation of a rate hike in the upcoming policy as Kibor reached a 13-years high. An analyst at Arif Habib Limited said that a rally in the refinery sector was witnessed due to … Read more
KARACHI: The unconsolidated earnings of D G Khan Cement Company Ltd (DGKC) recorded a decline of 30 per cent to Rs1.4 billion translating into the earnings per share (EPS) of Rs3.3 during the third quarter of fiscal year 2022. The company recorded a profit of Rs2 billion (EPS: Rs4.7) during the third quarter of the … Read more
KARACHI: The Pakistani rupee dropped 99 paisas against the dollar on Monday as the forex reserves of the country hit a 22-months low amid foreign debt repayments, dealers said. The rupee shed 99 paisas to close at Rs182.54 to the dollar from Saturday’s closing of Rs181.55 in the interbank foreign exchange market. The local currency … Read more
KARACHI: The rupee maintained its upward trend for the fifth consecutive session against the dollar on Thursday, as the State Bank of Pakistan (SBP) took measures to strengthen the local currency by curbing imports, dealers said. The local unit gained 13 paisas to close at Rs181.69 against the greenback from the last day’s closing of … Read more
KARACHI: The Pakistan equity market observed a volatile session on Wednesday, as investors opted for profit-taking in the last trading hour, which led the index to close in the red zone. An analyst at Arif Habib Limited said that the market opened on a bleak note but value buying was witnessed in the first trading … Read more
KARACHI: The Pakistan stocks opened with a positive note where bears took over for the rest of day, thus, the market ended in a red zone amid lack of positive triggers. An analyst at Arif Habib Limited said that the market witnessed another volatile session today, adding that the KSE-100 Index opened on a positive … Read more
LAHORE: The total cement dispatches declined 6.25 per cent in March 2022 to clock-in at 5.04 million tonnes, compared with 5.37 million tonnes during the same month of last year. According to the data released by All Pakistan Cement Manufacturers Association (APCMA), the local cement dispatches during March 2022 recorded an increase of 4.02 per … Read more
KARACHI: The Pakistan bourse witnessed a rollercoaster ride on Friday due to the rising political temperature in the country. The Index opened in the red territory due to the political unrest and further rupee depreciation against dollar. The market remained volatile throughout the day, an analyst at Arif Habib Limited said. “However, a rally in … Read more
BOGOTA – Using a machete, Norma Souza Matapi slices a pineapple from its roots and places it into a woven bag slung across her forehead as she tends a family food plot deep in Colombia’s Amazon rain forest. Indigenous communities in this remote corner of southeastern Amazonas province have preserved largely pristine tracts of forest … Read more
In a world steadily running towards digitisation, the boom of digital art and its venture into NFTs or Non-Fungible Tokens is not surprising, especially amidst the art world. Everyone today who doesn’t live under a rock on a remote island knows what NFTs are. But not everyone is able to keep up with what these … Read more
