World Bank lowers GDP forecast, projects higher inflation in FY22 Report says that Pakistan's GDP is estimated to have grown by 3.5 percent in the fiscal year 2021 Updated 08 Oct, 2021 10:17am
TI-P wants probe against Pakistanis named in 'leaks' ISLAMABAD: Transparency International-Pakistan (TI-P) has urged Prime Minister Imran Khan to direct FBR to initiate... Updated 08 Oct, 2021 09:10am
IMF urges govts to make fiscal plans to tame pandemic debt WASHINGTON: Governments should start planning a return to more sustainable budgets with policies that win the trust... Updated 08 Oct, 2021 09:07am
Govt tells NA body: Work on Dasu Dam remains stalled since attack on Chinese ISLAMABAD: Ministry of Water Resources on Thursday revealed that development work on mega hydropower projects is... Updated 08 Oct, 2021 09:12am
IMF satisfied with collection performance: FBR chief ISLAMABAD: Federal Board of Revenue (FBR) Chairman Dr Muhammad Ashfaq said Thursday that the International Monetary... Updated 08 Oct, 2021 10:59am
Up to December: ECC finalises 280,000 MTs of wheat requirement for USC ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has finalised 280,000 metric tonnes wheat... Updated 08 Oct, 2021 09:17am
PM for provision of targeted subsidy on essential items ISLAMABAD: Prime Minister Imran Khan, on Thursday, directed government officials to expedite preparations for the... Updated 08 Oct, 2021 09:15am
Russia says will invite Taliban to global talks MOSCOW: Russia will invite the Taliban to international talks on Afghanistan scheduled for October 20 in Moscow, the... Updated 08 Oct, 2021 09:35am
Cotton production likely to show nearly 20pc increase ISLAMABAD: The government on Thursday, set wheat production target at 28.9 tons for Rabi season 2021-22 on an area ... Updated 08 Oct, 2021 10:45am
TAPI project agreement: NA body for removing obstacles ISLAMABAD: The National Assembly Standing Committee on Foreign Affairs, on Thursday, asked the government to take... Published 08 Oct, 2021 04:30am
DPP attracts criticism from Senate body ISLAMABAD: Department of Plant Protection (DPP), an arm of Ministry of National Food Security and Research, on... Published 08 Oct, 2021 04:30am
NCCPL deposits Rs8.8bn CGT in national exchequer KARACHI: National Clearing Company of Pakistan Limited (NCCPL) has collected and deposited Rs8.8 billion capital ... Published 08 Oct, 2021 04:30am
Saqib Naseem elected PYMA chairman KARACHI: Saqib Naseem was elected unopposed central chairman of Pakistan Yarn Merchants Association (PYMA) while... Published 08 Oct, 2021 04:30am
Haroon Shamsi elected President of FBATI KARACHI: Renowned industrialist Muhammad Haroon Shamsi has elected unopposed President of the Federal B Area... Published 08 Oct, 2021 04:30am
As interest rates go up New Zealand became the latest country, and among the first in the first world, to raise interest rates on Wednesday... Published 08 Oct, 2021 04:30am
Supply chain crisis, imported inflation, and greater autarky Prime Minister, Imran Khan reportedly indicated that inflationary pressures are mainly due to imported inflation, as... Published 08 Oct, 2021 04:30am
The 'leaks' In The Panama Papers, the leaked data covered nearly 40 years, from the late 1970s throughout the end of 2015. It... Published 08 Oct, 2021 04:30am
Accountability law overhaul EDITORIAL: National Accountability Ordinance (NAO) 1999 has been amended through the promulgation of an ordinance,... Published 08 Oct, 2021 04:30am
Chinese nationals: Punjab police to re-evaluate security LAHORE: The Punjab police have decided in principle to reevaluate security arrangements being taken for the safety ... Published 08 Oct, 2021 04:30am
11pc less rains recorded during monsoon season this year LAHORE: The recently-concluded monsoon season has witnessed 11 percent less rains comparing with the corresponding... Published 08 Oct, 2021 04:30am
Buzdar lays foundation stone of Sheranwala Gate flyover LAHORE: Punjab Chief Minister Sardar Usman Buzdar laid the foundation stone of the Sheranwala Gate flyover valuing... Published 08 Oct, 2021 04:30am
Encroachment of KPT land: NA panel forms 4-member probe body ISLAMABAD: National Assembly Standing Committee on Maritime Affairs, on Thursday, formed a four-member sub-committee... Published 08 Oct, 2021 04:30am
Afghanistan: Rashid says govt will take 'active' part in humanitarian activities LAHORE: Interior Minister Sheikh Rashid Ahmed said here on Thursday that situation in Afghanistan is improving and... Published 08 Oct, 2021 04:30am
Senators on brink of stop-gap fix to US debt crisis WASHINGTON: US senators neared agreement in the small hours of Thursday to stave off a catastrophic credit default... Published 08 Oct, 2021 04:30am
Europe UK bank NatWest pleads guilty in landmark laundering case LONDON: British bank NatWest on Thursday pleaded guilty to failing to prevent the laundering of nearly $500 million... Published 08 Oct, 2021 04:30am
Cash airlifts planned to bypass Taliban and help Afghans BRUSSELS/FRANKFURT/WASHINGTON: As desperate Afghans resort to selling their belongings to buy food, international... Published 08 Oct, 2021 04:30am
US to stay in Syria, says top Kurdish politician LONDON: A leading Syrian Kurdish politician said on Thursday the United States will stay on in Syria to destroy... Published 08 Oct, 2021 04:30am
UN body agrees to establish investigator on Afghanistan GENEVA: The UN Human Rights Council agreed on Thursday to appoint a special rapporteur on Afghanistan to probe... Published 08 Oct, 2021 04:30am
Biden, Xi plan US-China virtual summit before year's end ZURICH/WASHINGTON: The United States and China have agreed in principle for their presidents to hold a virtual... Published 08 Oct, 2021 04:30am
CIA steps up spying contest with China with new unit WASHINGTON: The US Central Intelligence Agency announced Thursday a new China-focused unit that underscored its view... Published 08 Oct, 2021 04:30am
Africa South Africa's 'moral compass' Tutu feted on his 90th birthday CAPE TOWN: Desmond Tutu, South Africa's anti-apartheid icon, Nobel peace laureate and a man dubbed the "moral ... Published 08 Oct, 2021 04:30am
NLC sets up office at Gwadar port to facilitate business community RAWALPINDI: To extend quality logistics services to the business community and ensure ease of doing business,... Published 08 Oct, 2021 04:30am
NZ board working on new Pakistan tour schedule: Ramiz ISLAMABAD: Pakistan Cricket Board (PCB) chairman Ramiz Raja on Thursday said that New Zealand cricket board was... Published 08 Oct, 2021 04:30am
Policymaking in relation to erstwhile Fata: Qaiser for bringing local people on board ISLAMABAD: National Assembly Speaker Asad Qaiser, on Thursday, said that it is for the progress and prosperity in... Published 08 Oct, 2021 04:30am
SSGC organised 17 E-kachehri sessions in Sept KARACHI: As part of its continued efforts to adhere the directives of PMDU for organizing khuli kachehris (both... Published 08 Oct, 2021 04:30am
Umar for national disaster management planning ISLAMABAD: Federal Minister for Planning and Development Asad Umar has stressed the need for national disaster... Published 08 Oct, 2021 04:30am
USD-PKR parity-II It is very unfortunate that Pakistan's foreign exchange market is not based on fundamentals that are there in other... Published 08 Oct, 2021 04:30am
Africa Gunmen kill 24 people in northern Nigeria KANO: Gunmen raided two villages in northwest Nigeria killing 24 people, police and residents said Thursday, in the... Published 08 Oct, 2021 04:30am
S Korea court backs transgender soldier who killed herself SEOUL: A South Korean court on Thursday ruled it was unfair for the military to forcibly discharge a soldier over ... Published 08 Oct, 2021 04:30am
Peru president names environmentalist as new PM LIMA: Peru swore in an environmental activist as prime minister Wednesday, replacing a controversial leftwing figure... Published 08 Oct, 2021 04:30am
Widow of slain Haitian president gives testimony PORT-AU-PRINCE: The widow of slain Haitian president Jovenel Moise gave witness testimony Wednesday to a magistrate... Published 08 Oct, 2021 04:30am
Hawksbay to have water sports soon: administrator KARACHI: Administrator Karachi, Sindh Government Spokesman and CM's Advisor on Law Barrister Murtaza Wahab on... Published 08 Oct, 2021 04:30am
Indonesian CG visits IoBM KARACHI: "We must pursue the development of culture and people-to-people contact to enhance mutual cooperation... Published 08 Oct, 2021 04:30am
CEO Club Pakistan, Al Kabir Town organising summit ISLAMABAD: CEO Club Pakistan in collaboration with Al Kabir Town is organizing the most anticipated event of... Published 08 Oct, 2021 04:30am
Experts explain how wheat production can be boosted KARACHI: Timely disbursement of DAP subsidy and better-quality seeds can boost domestic wheat production to avoid ... Published 08 Oct, 2021 04:30am
The Weather KARACHI: The weather report on Thursday (October 7, 2021) and the forecast for Friday (October 8, 2021).... Published 08 Oct, 2021 04:30am
2023 polls: Murad not optimistic about PTI's prospects ISLAMABAD: Sindh Chief Minister Murad Ali Shah, on Thursday, said that he did not see Pakistan Tehreek-e-Insaf (PTI)... Published 08 Oct, 2021 04:30am
All educational institutions can restart classes from 11th ISLAMABAD: The government has decided to allow resumption of all the classes in all the educational institutions ... Published 08 Oct, 2021 04:30am
Sindh to announce 'human rights policy' before year's end KARACHI: A comprehensive Sindh Human Rights Policy will be announced before the end of 2021 as the process of... Published 08 Oct, 2021 04:30am
Lawyers say ordinance aimed at undermining parliament ISLAMABAD: The Pakistan Bar Council (PBC) and the Supreme Court Bar Association (SCBA) have declared that the... Published 08 Oct, 2021 04:30am
Anti-polio campaign: Commissioner directs DCs to step up efforts HYDERABAD: Divisional Commissioner Hyderabad Muhammad Abbas Baloch has directed all Deputy Commissioners (DCs) of... Published 08 Oct, 2021 04:30am
Pakistan seeks objective, broad-based relationship with US: FO ISLAMABAD: Pakistan said on Thursday that it desires objective, more balanced and broad-based relationships with the... Published 08 Oct, 2021 04:30am
NAB call-up notice: Zardari's pre-arrest bail extended by IHC ISLAMABAD: The Islamabad High Court (IHC) Thursday extended pre-arrest bail to former president and co-chairperson ... Published 08 Oct, 2021 04:30am
Bill to amend Article 140-A passed by NA body: Provincial govts asked to hold LB elections soon ISLAMABAD: The National Assembly Standing Committee on Law and Justice, on Thursday, passed a bill to amend Article... Published 08 Oct, 2021 04:30am
PARTLY FACETIOUS: Appreciating the value of team effort "I have an easy solution to all these arguments in favour and against the latest ordinance." "No one who may... Published 08 Oct, 2021 04:30am
Trade Organisations (Amendment) Bill 2021 okayed by Senate body ISLAMABAD: Senate Standing Committee on Commerce on Thursday approved Trade Organisations (amendment) Bill 2021, ... Published 08 Oct, 2021 04:30am
A 'comprehensive' shipping transit policy formulated: Zaidi PESHAWAR: Minister for Maritime Affairs, Syed Ali Haider Zaidi has informed on Thursday that a comprehensive ... Published 08 Oct, 2021 04:30am
Advisor to PM may give briefing on SLIC sell-off plan ISLAMABAD: The Standing Committee on Privatisation, on Thursday, recommended to call Advisor to the Prime Minister ... Published 08 Oct, 2021 04:30am
Easypaisa launches Covid-19 vaccination certificate service ISLAMABAD: Easypaisa, the country's leading digital payments app, has added a new service to its portfolio, which... Published 08 Oct, 2021 04:30am
Will Washington truce stick? Wall St assesses US debt ceiling risk An apparent truce in the US debt-ceiling standoff in Congress has offered some relief to Wall Street investors on... Published 08 Oct, 2021 04:30am
Letters Stark accountability law overhaul: govt has gone overboard This is apropos a Business Recorder news item "Ordinance promulgated by President: Accountability law undergoes ... Published 08 Oct, 2021 04:30am
Stocks Octopus Digital listed on PSX KARACHI: A gong ceremony was held at Pakistan Stock Exchange (PSX) to announce listing of Octopus Digital Limited... Published 08 Oct, 2021 04:30am
Stocks Most Gulf bourses end higher; Qatar falls DUBAI: Most stock markets in the Gulf ended higher on Thursday, in line with global equities, although the Qatari... Published 08 Oct, 2021 04:30am
Stocks Wall Street surges as worries over debt ceiling subside NEW YORK: US stocks climbed on Thursday in a broad-based rally led by heavyweight technology stocks, after a... Published 08 Oct, 2021 04:30am
Stocks Stocks rally as US set to avoid debt default LONDON: Stock markets around the world rallied Thursday as a deal looked set to temporarily resolve a political... Published 08 Oct, 2021 04:30am
Stocks NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL) KARACHI: National Clearing Company declares daily settlement information for local & foreign investors on... Published 08 Oct, 2021 04:30am
Stocks Last date of renunciation/payment KARACHI: Last dates of renunciation/payment.... Published 08 Oct, 2021 04:30am
Stocks Dates of Closure of Books & Annual General Meetings KARACHI: Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed ... Published 08 Oct, 2021 04:30am
Rates EFU TAKAFUL CONSERVATIVE FUND RATES KARACHI: EFU Takaful Conservative Fund Rates on Thursday (October 7, 2021). ======================== Offer Price... Published 08 Oct, 2021 04:30am
Rates EFU TAKAFUL AGGRESSIVE FUND RATES KARACHI: EFU Takaful Aggressive Fund Rates on Thursday (October 7, 2021). ======================== Offer Price... Published 08 Oct, 2021 04:30am
Rates EFU TAKAFUL GROWTH FUND RATES KARACHI: EFU Takaful Growth Fund Rates on Thursday (October 7, 2021). ======================== Offer Price... Published 08 Oct, 2021 04:30am
Rates EFU AGGRESSIVE FUND RATES KARACHI: EFU Aggressive Fund Rates on Thursday (October 7, 2021). ======================== Offer Price 1,462.7331... Published 08 Oct, 2021 04:30am
Rates EFU GUARANTEED GROWTH FUND RATES KARACHI: EFU Guaranteed Growth Fund Rates on Thursday (October 7, 2021). ======================== Offer Price... Published 08 Oct, 2021 04:30am
Rates EFU Aitemad Growth Fund Rates KARACHI: EFU Aitemad Growth Fund Rates on Thursday (October 7, 2021). ======================== Offer Price... Published 08 Oct, 2021 04:30am
Rates EFU Capital Growth Fund Rates KARACHI: EFU Capital Growth Fund Rates on Thursday (October 7, 2021). ======================== Offer Price... Published 08 Oct, 2021 04:30am
Rates EFU Pension Growth Fund Rates KARACHI: EFU Pension Growth Fund Rates on Thursday (October 7, 2021). ======================== Offer Price... Published 08 Oct, 2021 04:30am
Rates EFU Managed Growth Fund Rates KARACHI: EFU Managed Growth Fund Rates on Thursday (October 7, 2021). ======================== Offer Price... Published 08 Oct, 2021 04:30am
Rates JLI TAKAFUL INCOME FUND KARACHI: JLI Takaful Income Fund Rates on Thursday (October 7, 2021). ======================== Offer Price... Published 08 Oct, 2021 04:30am
Rates JLI TAKAFUL BALANCE FUND KARACHI: JLI Takaful Balance Fund Rates on Thursday (October 7, 2021). ======================== Offer Price... Published 08 Oct, 2021 04:30am
Rates JLI CAPITAL GROWTH TAKAFUL FUND KARACHI: JLI Capital Growth Takaful Fund Rates on Thursday (October 7, 2021). ======================== Offer ... Published 08 Oct, 2021 04:30am
Rates JLI MANAGED TAKAFUL FUND KARACHI: JLI Managed Takaful Fund Rates on Thursday (October 7, 2021). ======================== Offer Price... Published 08 Oct, 2021 04:30am
Rates JLI YAQEEN GROWTH FUND RATES KARACHI: JLI Yaqeen Growth Fund Rates on Thursday (October 7, 2021). ======================== Offer Price... Published 08 Oct, 2021 04:30am
Rates JLI MEESEQ Fund Rates KARACHI: JLI Meeseq Fund Rates on Thursday (October 7, 2021). ======================== Offer Price 1,206.3683 Bid... Published 08 Oct, 2021 04:30am
Rates JLI Capital Growth Fund Rates KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Thursday (October 7, 2021). ========================... Published 08 Oct, 2021 04:30am
Rates JLI Managed Growth Fund Rates KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Thursday (October 7, 2021). ========================... Published 08 Oct, 2021 04:30am
Rates Kibor interbank offered rates KARACHI: Kibor interbank offered rates on Thursday (October 7, 2021). ========================== KIBOR... Published 08 Oct, 2021 04:30am
Rates LIBOR interbank offered rates LONDON: London Interbank Offered Rates (LIBOR) on Thursday (October 7, 2021).... Published 08 Oct, 2021 04:30am
Rates Bill buying rates per unit of currency KARACHI: Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank ... Published 08 Oct, 2021 04:30am
Rates LIBOR calculating interest on US dollar KARACHI: London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (October 7, ... Published 08 Oct, 2021 04:30am
Rates Barclays bid rates and maximum rates for payment of interest KARACHI: Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than... Published 08 Oct, 2021 04:30am
Rates State Bank of Pakistan conversion rates KARACHI: Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates,... Published 08 Oct, 2021 04:30am
Rates PSX witnesses bullish trend: BRIndex100 rebounds KARACHI: Despite foreign selling, Pakistan Stock Exchange Thursday witnessed a bullish trend and closed on a ... Published 08 Oct, 2021 04:30am
Commodities Basmati GI rights: Reap has successfully worked against Indian plea in EU court KARACHI: Rice Exporters Association of Pakistan (Reap) has successfully worked against Indian application of Basmati... Published 08 Oct, 2021 04:30am
Straightening out real estate EDITORIAL: Now that the government knows that a big part of the real estate sector is not complying with reporting... Published 08 Oct, 2021 04:30am
Commodities US MIDDAY: Gold dips NEW YORK: Gold fell on Thursday as a drop in US weekly initial jobless claims, ahead of the monthly jobs data later... Published 08 Oct, 2021 04:30am
Commodities Gold steadies in Europe AMSTERDAM: Gold steadied on Thursday, buoyed by a slight dip in the dollar, but held a tight range as investors... Published 08 Oct, 2021 04:30am
Commodities Arabica coffee regains some ground, sugar and cocoa fall NEW YORK/LONDON: Arabica coffee futures on ICE closed up on Wednesday, regaining some ground after falling by more... Published 08 Oct, 2021 04:30am
Cotton & Textile New York cotton NEW YORK: The following were the fluctuations observed during the day:... Published 08 Oct, 2021 04:30am
Cotton & Textile Rally in cotton futures tires; dip in weekly exports weighs NEW YORK: ICE cotton futures took a breather on Thursday from a blistering rally that has seen prices reach their... Published 08 Oct, 2021 04:30am
Commodities Perky stock markets lift copper prices LONDON: Copper prices rose on Thursday, helped by a rebound on global equities markets, falling exchange inventories... Published 08 Oct, 2021 04:30am