One of the two people to survive a plane crash in Karachi that killed 97 people on board has described jumping from the burning wreckage of the aircraft after it hurtled into a residential neighbourhood.
Federal Minister for Aviation Ghulam Sarwar Khan Saturday said that efforts are being made to complete the investigation report of flight PK8303 crash within three months.
The Securities and Exchange Commission of Pakistan (SECP) has allowed scheduled banks, audit firms, development financial institutions, and investment banks to obtain licences from the commission to work as "consultant to the issue".
Global car rental company Hertz became the latest economic casualty of the coronavirus pandemic Friday, filing for bankruptcy in the US and Canada after more than a century in business.
The government has reportedly decided to disburse Rs 200 billion recently raised through Islamic Sukuk facility in the light of power sector inquiry report, which has already been rejected by the Independent Power Producers (IPPs).
The Federal Board of Revenue (FBR) has decided to conduct audit of four sugar mills to check/verify their records for the last five years and recover the evaded amount of sales tax in line with the recommendations of the Sugar Inquiry Commission.
Pakistan Tax Advisors Association (PTAA) has approached Prime Minister Imran Khan for early clearance of blocked income tax refunds by the Federal Board of Revenue's field formations including Regional Tax Offices (RTOs) and Large Taxpayer Units (LTUs).
The offices of Business Recorder will remain closed today, Sunday (May 24) and tomorrow. Monday (May 25) on account of Eid-ul-Fitr. There will, therefore, be no issue of the newspaper on Monday and Tuesday (May 25 & 26).
Chairman Central Ruet-i-Hilal Committee Mufti Muneebur Rehman on Saturday announced the sighting of the moon for the month of Shawwal, saying Eid-ul-Fitr will be celebrated across Pakistan on Sunday.
The United States said on Friday it would add 33 Chinese firms and institutions to an economic blacklist for helping Beijing spy on its minority Uighur population or because of ties to weapons of mass destruction and China's military.
Donald Trump on Saturday underlined his push for a return to normal life in the US by making his first visit to a golf course in two months and confirming he would attend a space launch next week.
The number of cases of coronavirus recorded worldwide has passed 5.25 million, more than two thirds of them in Europe and the United States, according to an AFP tally at 1650 GMT Saturday.
The re-election of Donald Trump as president of the United States would be "the worst" scenario for Cuba, Havana's top diplomat in charge of relations with Washington told AFP.
The United Kingdom has drawn up plans to require employers to cover 20% to 30% of furloughed employees' wages from August to reduce the vast burden of the coronavirus crisis on government finances, The Times newspaper reported.
The coronavirus crisis has forced Greece to take rapid steps to computerise its lumbering civil service and belatedly introduce e-governance in one of the EU's worst digital laggards, experts say.
Soldiers surrounded the Caracas headquarters of television provider DirecTV, owned by AT&T, on Friday after a ruling by Venezuela's highest court ordered the "immediate" seizure of the company's facilities and equipment.
The Supreme Court has held that the scheme of Customs Act, 1969 does not envisage any role of the Central Board of Revenue (CBR), now FBR, in resolving any dispute relating to the classification of goods.
Credit Suisse, Switzerland's second-biggest bank, reckons 10-20 percent of its working hours will be done from home following the coronavirus crisis, its chief executive said Saturday.
Federal Minister for Science and Technology Fawad Chaudhry on Saturday said Eidul Fitr would be celebrated in the country on Sunday (today), according to the calculations made by his ministry.
President Donald Trump's administration has discussed holding the first US nuclear test since 1992 as a potential warning to Russia and China, the Washington Post reported Friday.
Tobacco farmers and industrial workers have demanded Pakistan Tehreek-e-Insaaf (PTI) government not to impose heavy taxes saying the move would create monopoly of multinational companies and eliminate thousands of jobs from local industry.
Cognizant of the rigors of peak summer and the unprecedented COVID-19 crisis, and in line with its commitment to provide maximum relief to the people of Karachi, K-Electric (KE), will continue to exempt residential consumers from scheduled load-shed from
Pakistan People's Party Chairman Bilawal Bhutto Zardari in his appeal to the public said that Eid should be celebrated with simplicity and SOP's defined by the government should be followed during Eid congregational prayers.
Sindh Governor Imran Ismail visited the residence of Ansar Naqvi, a senior journalist and Director News of a private TV new channel at Askari-IV, who was among the victims of PIA's plane crash at Karachi on Friday.
The government of Japan has expressed its sincere condolences with the bereaved families in Pakistan who lost their family members in Pakistan International Airlines (PIA)'s aircraft crash in Karachi.
A notification issued by the government of Sindh on Saturday imposed a two-month ban on bathing and leisurely activities at sea shores. The Commissioner of Karachi, Iftikhar Shalwani issued the notification related to the imposition of section 144 of (Cri
The Special Assistant to the Prime Minister on Social Protection and Poverty Alleviation Dr Sania Nishtar on Saturday said that May 25 would be the last date for submitting applications on Ehsaas Labour Portal.
United Business Group (UBG) Patron-in-Chief, S M Muneer, Chairman Iftikhar Ali Malik, Secretary-General Zubair Tufail, Chairman Sindh Region Khalid Tawab, Central Spokespersons Gulzar Feroze, Abdul Haseeb Khan, Mian Adrees, Abdul Rauf Alam, Ilyas Bilour,
Sindh Minister for Human Settlement, Ghulam Murtaza Baloch, has been shifted to Intensive Care Unit (ICU) of a private hospital after his state of health started deteriorating here.
Secretary Industries Khyber Pakhtunkhwa Aamir Latif has said that after completion of fencing, the government is going to establish border bazaars in Torkham, Ghulam Khan, Kharlachi and Shah Saleem Warandu (Chitral).
Sindh Agriculture General Workers Union and Hari HaqdarTahreek (HHT) arranged a demonstration at Hyderabad Press Club to protest against forced occupation and burning of houses of Bheel community by land mafia.
The Karachi Water and Sewerage Board (KW&SB) has provided some 50,000 gallons of water to the Fire Brigade Department on site of the Pakistan International Airlines' airplane crash in Model Colony to help extinguish the fire.
Former chairman of the FPCCI standing committee on horticulture and BMP secretary-general (Federal), Ahmad Jawad, has called upon the government to raise the issue of locust threat across the country in the meetings of National Coordination Committee and
The increasing numbers of the Coronavirus cases in the provincial capital has not deterred people from rushing to markets for Eid-ul-Fitr shopping in violation of guidelines given by the government.
Punjab Governor Chaudhry Mohammad Sarwar said on Saturday that the PTI government was not facing any threat and the general elections would be held on time in 2023.
The Eid shopping activities are on peak in every nook and corner of the city and huge rush has been witnessed on shopping centres, commercial markets. A large number of females also rushed on beauty parlors and hairdressers set up in different areas of th
District administration has sealed a warehouse for storage of pulses and gram in huge quantity. According to details, Assistant Commissioner Sadar Umar Maqbool inspected the warehouse near Sadhar on Jhang Road and found 7,000 bags of pulses that were seiz
The Lahore Electric Supply Company (LESCO) detected tampering in 39 electricity meters out of a total of 2008 inspected in the Northern circle under the power-theft drive of the Company.
Punjab Chief Minister Sardar Usman Buzdar in a meeting with provincial ministers Raja Basharat, Mian Mahmoodur Rashid and Malik Muhammad Anwar, here Saturday discussed matters regarding implementation on the SOPs formulated to eradicate Covid-19.
Minister of State and Chairman Board of Investment (BoI) of Pakistan, Atif R Bokhari said on Saturday that the government would take special measures to facilitate the local and foreign investors to bring in more investment to Allama Iqbal Industrial City
The Pakistan-China Institute (PCI), in collaboration with the Centre for Chinese Legal Studies (CCLS), Shaikh Ahmad Hassan School of Law (SAHSOL), LUMS, organised a special webinar under the framework of "Friends of Silk Road" to celebrate 69 years of dip
Argentina defaulted on Friday for the second time in less than 20 years after failing to pay $500 million of interest on its bond debt, but it continues to negotiate a restructure with creditors, Finance Minister Martin Guzman said.
The ousted chairman of a movie production and distribution company was arrested in Los Angeles on Friday for his alleged role in a nearly $30 million fraud scheme and for bilking a COVID-19 fund set up to help businesses.
Four EU countries dubbing themselves the "frugal four" presented their own proposal Saturday for post-coronavirus economic recovery, restating their rejection of any jointly-issued debt instruments.
Migrant labourers staged a rare protest in Qatar over unpaid wages, the government said Saturday, at a time of economic fallout from the coronavirus pandemic and rock-bottom oil prices.
The Thai government lowered its equity ownership in Thai Airways International PcL to below 51% by selling a 3.2% stake, a regulatory filing showed, as part of the rehabilitation process for the troubled national carrier.
Iraq's new finance minister was in Saudi Arabia on Saturday seeking emergency funds to stave off an impending financial crisis brought on by collapsing oil prices. In his first trip abroad since becoming minister, Ali Allawi met the Saudi finance, energy
Britain will reduce Chinese tech giant Huawei's controversial involvement in its 5G network in the wake of the coronavirus outbreak, the Daily Telegraph reported Saturday.
China on Saturday reported zero new coronavirus infections for the first time since it started reporting data in January, a day after Communist Party leaders celebrated "major achievements" in the virus fight.
Thousands took to the streets of the Indian city of Kolkata on Saturday to protest against what they said was the slow government response to power cuts and flooding after a devastating "super cyclone".
A powerful cyclone that tore through India's eastern state of West Bengal this week has caused a damage of 1 trillion rupees ($13 billion) to infrastructure and crops, state officials said.
The British government on Saturday rejected calls to sack top adviser Dominic Cummings over allegations he broke coronavirus lockdown rules by travelling across the country while displaying symptoms of the disease. Cummings, who announced he was suffering
Police arrested about 60 protesters on Saturday as part of city-wide demonstrations against restrictions due to the coronavirus pandemic, German newspaper Tagesspiegel reported.
Thousands of Spaniards answered a call on Saturday from far-right party Vox to protest against lockdown measures and the increasingly beleaguered government of leftist Pedro Sanchez.
A sudden spike in the number of coronavirus positive cases across the country clearly shows that lockdown relaxations have led to worsening the situation. What has been observed since the ease in lockdown is growing incidence of violations of the SOPs to
The United States on Friday stepped up threats to strip Hong Kong of special trading privileges as it led Western nations in anger over China's brazen assault on the territory's autonomy.
In Barcelona, Laia and her daughter stroll peacefully in Park Guell. At the same time, Mladen savours the silence of the marble alleys of Dubrovnik while Fabiana soaks up the calm of old Lisbon.
Running a business on any scale requires careful planning and the ability of its managers to capitalize on all opportunities presented, while also finding the best solutions to all the challenges that arise in the business landscape. Every economy in the
The sugar inquiry report did not focus on the structural problems creating the 'economic rents'. Rather the energies are expended on chasing the rentiers. And the media eyes are on personalities. The study dealt with the tactical issues - nothing on fixin
This is not the first time that the now outgoing Principal Deputy Assistant Secretary of State for South and Central Asia at the US Department of State, Alice Wells, has tried to protect Pakistan's interests by speaking out against the China Pakistan Econ
Friday's unfortunate PIA plane crash in Karachi has turned what was already going to be a sombre Eid holiday into a time of national mourning. Ninety-seven people have been killed, with more feared dead as rescue workers search through the rubble of destr
A high level meeting held at Central Police Office (CPO) Peshawar on Saturday with IGP Khyber Pakhtunkhwa (KP) Dr Sanaullah Abbasi in chair, reviewed the steps taken for prevention of Covid-19 during the period of last two months.
The Chairman of Hurriyat forum, Mirwaiz Umar Farooq, and the Chairperson of Kashmir Tehreek-e-Khawateen (KTK), Zamrooda Habib, have expressed solidarity with senior
At a time when the lockdown has been eased and the country is adjusting itself to a new normal, Pakistan's leading biscuit manufacturer, EBM, through its mega-brand, Sooper, has launched a Public Service Message urging people to continue exercising cautio
In a statement issued in Karachi Saturday, PBA condemned Pemra's "attempts to destroy the radio broadcasting industry in the country with high handed tactics."
Governor Balochistan Amanullah Khan Yasinzai Saturday said the people should follow all necessary precautionary measures to control further spread of coronavirus.
On the directions of Chief Executive Pesco Engineer Muhammad Jabbar Khan a crisis management cell has been established at WAPDA House Peshawar with the special aim to deal with any emergency during the Eidul Fitr holidays.
Minister for Information and Broadcasting, Shibli Faraz on Saturday said federal government is in contact with the Sindh government to ensure all-out efforts in speedy rescue operation.
The National Transmission and Dispatch Company (NTDC) is completing its ongoing projects on a fast track with the best utilization of resources despite the COVID-19 pandemic.