Prime Minister Imran Khan on Thursday met President of the European Union Parliament David Sassoli in Davos, Switzerland on the sidelines of the World Economic Forum (WEF) Annual Meeting 2020.
China locked down some 20 million people at the epicentre of a deadly virus outbreak on Thursday, banning planes and trains from leaving in an unprecedented move aimed at containing the disease which has already spread to other countries.
Repatriation of profit and dividend by foreign investors rose by 10 percent during the first half (July-Dec) of this fiscal year (FY20) compared to same period of last fiscal year (FY19).
Another crisis, now in urea fertilizer is in the offing as government has reduced GIDC by Rs 400 per bag but at the same time Rs 200 per bag rise is envisaged due to increase in natural gas prices.
Following the release of Transparency International (TI) report on corruption index which depicted that corruption level in Pakistan has jumped up over the past year, the Public Accounts Committee (PAC) has decided to summon chairman National Accountabili
Corruption in Pakistan increased in 2019 as compared to the preceding year, as Pakistan's ranking dropped to 120 out of 180 countries with a score of 32 out of 100, according to the annual Corruption Perceptions Index (CPI) report for 2019, released by Tr
Prime Minister Imran Khan will launch Ehsaas Kifalat programme on January 31, 2020 with enhanced cash transfer of Rs6,000 for 7 million poor women beneficiaries.
Responding to the statement of US Acting Assistant Secretary of State Alice Wells on CPEC, spokesperson of Ministry of Planning, Development and Special Initiatives has said that CPEC project under the overarching umbrella of BRI is a well thought-out ini
A day after China took strong exception to the top US diplomat's remarks about China-Pakistan Economic Corridor (CPEC), Pakistan also categorically rejected the US claims that the multibillion dollars project is being financed either through loans or non-
Pakistan Stock Exchange Thursday opened on a strong positive note but failed to sustain the momentum and closed in the red due to selling in various sectors.
Queen Elizabeth II gave her formal assent Thursday for Britain to end its decades-long involvement in the European Union and seek a more independent but uncertain future at the end of the month.
Prime Minister Imran Khan on Thursday said his vision for a strong Pakistan was revival of industries for wealth creation, to be spent on the uplift of underprivileged segments in a welfare-oriented society. Speaking at 'Breakfast at Davos', an event join
Foreign Minister Shah Mahmood Qureshi on Thursday said that Pakistan has sought a special session of the OIC Council of Foreign Ministers (CFM) on Kashmir issue and hoped that Saudi Arabia will not disappoint Pakistan.
"A meeting of the Federal Capital Committee of the APNS was held on Wednesday January 20, 2020 at Islamabad. The meeting was chaired by the Chairman Mohsin Bilal.
European Central Bank chief Christine Lagarde on Thursday said risks to the eurozone economy had become "less pronounced" in the wake of a US-China trade truce even as President Donald Trump reignited a trade spat with Europe.
Dubai Islamic Bank said on Thursday it has completed the aquisition of Noor Bank to consolidate its position as the top Islamic lender in the United Arab Emirates.
After changes in the tax laws under Finance Supplementary (Second Amendment) Act, 2019, the wholesalers-cum-traders would be required to get registered with the Sales Tax Department and seek CNICs of the unregistered buyers from February 1, 2020.
Pakistan has conducted a successful training launch of surface to surface ballistic missile Ghaznavi, capable of delivering multiple types of warheads up to a range of 290 kilometers, the military's media wing said Thursday.
This is apropos a Business Recorder news item "Pakistan-China relationship, CPEC: China expresses opposition to US 'interference'" carried by the newspaper yesterday. According to which, the Chinese Embassy in Islamabad has dismissed the 'negative
As the timing of Donald Trump's impeachment trial clashes with the Democratic nomination race, some presidential candidates pinned to Washington are deploying relatives, high-flying supporters - even a dog - as surrogates for critical 11th-hour campaignin
The proposed Price Commission for Agricultural Sector (PCAS) should also try to ensure minimization of price shocks related with commodity supply chain disruptions - both voluntary (hoarding practices) and involuntary (climate change).
"The raison d'être of establishing special tribunals has been to dispense better quality of justice where people, better trained in particular fields and disciplines could provide quality decisions and resolution of disputes... . Appointing members to the
Ranked 42nd among 180 countries in the World Press Freedom Index, Pakistan continues to remain one of the most dangerous places for journalists. In its "Media Freedoms Report, 2019", the Council of Pakistan Newspaper Editors (CPNE) makes the distressing r
Prime Minister Imran Khan while addressing the moderated non-plenary session on Pakistan Country Strategy Dialogue at the World Economic Forum at Davos stated that his administration has successfully stabilized the economy and is now consciously planning
Sindh Governor Imran Ismail has said that the government will fully back the campaign to enroll 4.2 million out-of-school children in the province which would promote the cause of education in a manner that is necessary to establish a welfare society on t
The Islamabad High Court (IHC) Thursday granted post-arrest bail to Bilal Sheikh, former president of Sindh Bank, in the fake bank accounts case. A division bench of IHC headed by Justice Aamer Farooq heard Bilal Sheikh's bail application in the fake bank
President Azad Jammu & Kashmir (AJK) Sardar Masood Khan has proposed to invite the United Nations (UN) Under-Secretary General for Humanitarian Affairs to visit the AJK and also to organise an international conference to review the adverse effects of clim
Opposition leader in Punjab Assembly Hamza Shahbaz Sharif said on Thursday that in house change in parliament is not unconstitutional. He was talking to media outside the Punjab Assembly. He also said that PML-N has opened its doors and windows for every
The Senate Standing Committee on Law and Justice will take up seven key bills today (Friday) referred to it by the House during its ongoing session. Senator Javed Abbasi of Pakistan Muslim League-Nawaz (PML-N) will preside over the meeting where two const
The Accountability Court hearing the multibillion rupees fake bank accounts case on Thursday extended judicial remand of Ijaz Haroon, chairman Overseas Cooperative Society (OCS) and former chairman Pakistan International Airline (PIA), till February 10.
The Competition Commission of Pakistan (CCP) has said that disregard for the applicable competition law and consumer welfare within the dairy industry is alarming and it must be ensured that such conducts are dealt with an iron hand and are not ignored.
The Accountability Court hearing Reshma Rental Power Plant (RPP) and Gulf Power Generation Company Ltd cases against former prime minister Raja Pervez Ashraf and others on Thursday issued notice to National Accountability Bureau (NAB) regarding Ashraf's a
Special Assistant to the Prime Minister for Information and Broadcasting Dr Firdous Ashiq Awan on Thursday has announced compensation money for those affected by severe weather condition in Balochistan.
Sindh Teacher Education Development Authority (STEDA) will establish 1800 investors hub schools in the province. Director STEDA Haroon Laghari told Sindh High Court (SHC) in a compliance report in a case on behalf of Secretary School Education & Literacy
Justice Ayesha A Malik of the Lahore High Court on Friday will take up objections today on two separate petitions by bar members questioning alleged irregularities in promotion/elevation of all assistant registrars of the high court.
Sindh Minister for Information and Labour Saeed Ghani termed Transparency International's recent report a proof of increase in corruption in Pakistan this year.
The economic chief of American consulate Chad Miner said that Hyderabad was good for investment and he would try to convince American investors to invest in Hyderabad. This he said in a reception given by president Hyderabad Chamber of Commerce and Indust
Pakistan-Japan friendship goes a long way down the history lane. They have stood by each other through many a thick and thin. Both share cultural commonalities despite linguistic variations. Pluralism, respect for relations, compassion, sensitivity, respe
Chief Minister Sindh, Syed Murad Ali Shah, on Thursday told the Sindh Assembly that Inspector General of Police (IGP) has lost the provincial cabinet's trust and "people of Sindh have rejected IG".
KP Food Authority has registered 2138 tandoors in across Khyber Pakhtunkhwa after conducting their inspection while 34 tandoors have been sealed over poor cleanliness situation and violation of the food safety standards, said a survey report of the author
The Ministry of Information Technology and Telecommunication (MoITT) has short-listed two companies to finalize one of them as Financial Advisor (FA) to provide Transaction Advisory Services (TAS) to solicit partnership through a suitable mode to utilize
In recognition of its extraordinary Corporate Social Responsibility (CSR) efforts and initiatives, National University of Sciences and Technology (NUST) was conferred the CSR Award for "Impact through Education" by the National Forum for Environment & Hea
The Ministry of Planning, Development & Special Initiatives and Punjab Information Technology Board have agreed to initiate implementation of Intelligent Project Automation System (IPAS) to improve government businesses in internal processes and establish
While announcing his party to hold protest demonstrations and rallies today (Friday) across the province against the increasing price-hike, unemployment and government 'anti-masses' policies, Jamaat-e-Islami (JI) provincial Ameer, Senator Mushtaq Ahmad Kh
A bench of the Peshawar High Court (PHC) on Thursday directed the authorities concerned to remove mobile towers set up near educational institutions and health facilities.
The Senate Standing Committee on Religious Affairs and Inter-Faith Harmony on Thursday deferred its proceedings in protest against the absence of Minister for Religious Affairs Pir Noor-ul-Haq Qadri from the meeting.
The Capital Development Authority (CDA) has resumed work on G-7/G-8 underpass at Faisal Avenue. Effective traffic management/ diversion, in consultation of Islamabad Traffic Police, is being ensured to maintain the traffic flow on the avenue, while transp
Afghanistan's President Ashraf Ghani alleged on Thursday that Pakistan continued to give sanctuary to an insurgent group that helps the Taliban in its war against Kabul and the United States, directly contradicting an earlier statement by Pakistan's prime
Pakistan's top industrialists businessmen, traders and other people belonging from Pakistan's business and civil community left Pakistan on a seven day tour to Egypt.
National Institute of Cardiovascular Diseases (NICVD) in collaboration with the Government of Sindh has inaugurated its 15th "Chest Pain Unit" in Jacobabad at JIMS to facilitate patients with chest pain with easy access and free of cost services.
Mir Aija
Chairman Punjab Revenue Authority (PRA) Zain ul Abideen Sahi said that the authority was performing well by registering over 23 percent revenue growth in the first six months of ongoing fiscal year despite economic slowdown.
The ADB and World Bank (WB) representatives met with chairman Planning and Development Board, Hamed Yakoob Sheikh to review progress of the funded projects.
SZABIST Karachi Campus, organized an International Conference on Interdisciplinary research in Management, Education and Social Sciences on 18th & 19th January, 2020 at a local hotel. Revolving around the theme of "New Horizons for data driven world: Chal
The meeting between a group of 'disgruntled' PTI lawmakers and Punjab Chief Minister Sardar Usman Buzdar which was scheduled for Thursday has been postponed due to CM's busy schedule.
As many as 50 leading national and multinational companies set up their stalls at the Career Fair held on Thursday, organised by the International Cooperation, Placement and Alumni Department of the Institute of Business Management (IoBM).
President Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) Zarak Khan has said that there is a vast scope of joint ventures between Pakistan and China in the field of floriculture.
Rumours of increasing gas tariff for the fertilizer sector may hamper the government efforts to pass on a decrease of Rs400 per bag of urea to the farming community after curtailing Gas Infrastructure Development Cess (GIDC).
Special Assistant to KP CM on Excise, Taxation and Narcotics Control, Ghazan Jamal said here on Thursday that round the clock opening of Torkham border had boosted the trade and economic activities.
Pakistan International Bulk Terminal Limited (PIBTL) is working on setting up LPG handling facility at Port Qasim as part of its expansion plan and has received NOC from Sindh Environmental Protection Agency (SEPA).
KP Chief Minister Mahmood Khan has directed to ensure the construction of water courses in Gomal Zam Dam (GZD) Command Area within stipulated timeline further directing for plantation along canal sites so as to prevent soil erosion in the adjoining areas.
Power Division has refuted the claims of All Pakistan Textile Mills (APTMA) in its letter regarding imposition of surcharges, taxes and positive fuel price adjustment.
Mr. Azfar Saeed Baig is an accomplished professional in the energy industry. He has spent nearly 25 years of his dynamic career leading teams in industries as diverse as FMCG and power, and at the State Bank of Pakistan. He is currently heading a Division
US banking regulators on Thursday fined ex-Wells Fargo Chief Executive John Stumpf $17.5 million over the bank's 2016 fake accounts scandal, blaming Stumpf and other top former executives for the debacle. The Office of Comptroller of the Currency settled
North Korea will send a delegation to the Munich Security Conference for the first time in the 56-year history of the diplomatic gathering, organisers said Thursday. The conference confirmed that North Korean vice foreign minister Kim Son Gyong would atte
A rebel missile attack on the home of a Yemeni lawmaker killed two of his relatives, authorities said Thursday, drawing condemnation from the UN after a recent strike in the area left 116 dead. Yemen's internationally recognised government - backed by a S
The Doomsday Clock on Thursday ticked down to 100 seconds to midnight, symbolizing the greatest level of peril to humanity since its creation in 1947 as the threat posed by climate change and a growing nuclear race loomed large.
At least one person was killed and seven others, including a child, were wounded on Wednesday after a dispute among a group of people escalated into a shootout near a tourist area in downtown Seattle, authorities said.
The United States on Thursday slapped economic sanctions on four petroleum firms that US officials accuse of moving oil exports for the Quds Force of Iran's Revolutionary Guards.
The UN's highest court ordered Myanmar on Thursday to do everything in its power to prevent the genocide of Rohingya Muslims,rex as international justice stepped into the crisis for the first time.
Israel and the United States on Thursday called for action against Iran, comparing it to the threat once posed by Nazi Germany, as world leaders marked 75 years since the liberation of Auschwitz.
On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,368. The traded value of Metals, Energy and COTS/FX was recorded at PKR 2.811 billion and the number of lots traded was 5,044.
Asia's naphtha crack extended losses for the third straight day on Wednesday, hitting a two-week low of $83.28 a tonne, while spot premiums remained firm on supply cuts due to refinery maintenance in the Middle East.
China's gold consumption fell for the first time in three years in 2019, figures released by its industry association showed on Tuesday, as high prices and an economic slowdown hit buying in the world's biggest market for the metal.
Chicago Board of Trade soyabean futures set a one month low on Wednesday under pressure from expectations for a massive harvest in rival supplier Brazil, traders said.
US natural gas futures edged higher on Wednesday on a slowdown in production but hovered near a four-year low on forecasts that mild weather would crimp heating demand through early February.
The Karachi Port handled 193,010 tonnes of cargo comprising 163,757 tonnes of import cargo and 29,253 tonnes of export cargo including 6,911 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Chicago Board of Trade wheat futures on Wednesday ended lower on profit-taking after the most-active contract reached its highest price since August 2018, traders said.
The safe-haven Japanese yen firmed and the Chinese yuan weakened on Thursday, as traders kept a wary eye on the spread of a virus in China, while the battered Australian dollar jumped after a surprise drop in unemployment.
The euro remained stuck in its recent trading range on Thursday before the European Central Bank's meeting, while China's yuan dropped on fears about the spread of a virus.
The dollar rose against the euro on Thursday after the European Central Bank left unchanged its key interest rates and stimulus programs and launched a broad review of its policy that was likely to see new President Christine Lagarde redefine the ECB's ma
The US dollar was unchanged against a basket of currencies on Wednesday as safe-haven demand ebbed along with worries about whether the spread of a flu-like coronavirus would hurt the global economy.
Most Asian currencies were stuck in narrow ranges on Thursday ahead of the Lunar New Year holiday, while fears of a China virus outbreak exerted pressure on some markets.
The sterling extended gains on Thursday, building on the one-month high it reached against the euro in the previous session, as data this week reduced market expectations of a central bank rate cut as early as next week.
The Australian dollar jumped on Thursday after data showed the country's unemployment rate unexpectedly ticked lower and reduced market expectations of a February interest rate cut.
Peshawar Zalmi has remained the center of attention for foreign ambassadors ahead of PSL 5. The ambassadors of Spain after Turkey and Germany has presented a good luck message to Peshawar Zalmi. A press release issued here on stated Thursday Peshawar Zalm
International Weightlifting Federation (IWF) president Tamas Ajan was suspended for 90 days on Wednesday in the aftermath of bombshell accusations of corruption and doping in the sport, reports claimed. The organisation's executive board, meeting in Doha,
Suranga Lakmal took four for 27 to set up Sri Lanka for a 10-wicket win over Zimbabwe in the first Test in Harare on Thursday. Resuming on 30 without loss and needing 157 to make Sri Lanka bat again, Zimbabwe recovered from the loss of three early wickets
Pakistan is going to host Kabaddi World Cup from February 9-16, 2020 this year for which brisk arrangements continue on the part of the Pakistan Kabaddi Federation in which top teams from 10 countries of the world will take part.