China restarts issuing visas to Japanese citizens TOKYO: The Chinese embassy in Tokyo announced Sunday that it would resume issuing visas to Japanese citizens. The... Published 30 Jan, 2023 06:54am
German economy likely to avoid recession in 2023 FRANKFURT: Germany is set to narrowly escape a recession this year, the government said Wednesday, as Europe’s... Published 30 Jan, 2023 06:52am
Blinken begins Middle East trip amid spate of violence CAIRO: US Secretary of State Antony Blinken landed in Egypt on Sunday at the start of a three-day visit to the ... Published 30 Jan, 2023 06:45am
Middle East Israel seals home of Palestinian synagogue shooter JERUSALEM: Israeli police sealed off the Jerusalem family home of a Palestinian gunman two days after he killed ... Published 30 Jan, 2023 06:43am
Asia North Korea denies supplying to weapons to Russia SEOUL: North Korea on Sunday denied providing arms to Moscow after the United States said the nuclear-armed state... Published 30 Jan, 2023 06:40am
Europe UK PM fires Conservative party’s cheif after tax probe LONDON: British Prime Minister Rishi Sunak on Sunday fired Conservative party chairman Nadhim Zahawi after an ... Published 30 Jan, 2023 06:35am
Egypt’s Suez Canal nets $8bn in new annual record CAIRO: Egypt’s Suez Canal Authority announced Wednesday an all-time annual revenue record, earning $8 billion in... Published 30 Jan, 2023 06:33am
USA Trump warns 2024 election ‘our one shot to save America’ COLUMBIA, (United States): Donald Trump warned Saturday that the next election would be America’s last chance for... Published 30 Jan, 2023 06:31am
Undergraduate degree programme: 4,533 candidates from across country take SAU’s entry test HYDERABAD: Candidates from all over Pakistan including Sindh participated, in the entry test for admissions in the... Published 30 Jan, 2023 06:28am
Ahsan holds Imran responsible for petrol price hike NAROWAL: Minister for Planning and Development Ahsan Iqbal has held former premier and Pakistan Tehreek-e-Insaf ... Published 30 Jan, 2023 06:25am
Industry PCMEA invited to two expos in India LAHORE: The Pakistan Carpet Manufacturers and Exporters Association (PCMEA) is considering the Indian invitation for... Published 30 Jan, 2023 06:24am
Industry MCCI body proposes barter system for trade with neighbours MULTAN: Multan Chamber of Commerce and Industry’s (MCCI) sub-committee for liaison with government met here Sunday... Published 30 Jan, 2023 06:21am
AGP detects overpayment of Rs55.7m by KP varsities PESHAWAR: The Auditor General of Pakistan (AGP) has detected an overpayment of Rs.55.708 million in the accounts of... Published 30 Jan, 2023 06:15am
Bugti Stadium enclosures named after 10 well-known cricketers LAHORE: Pakistan’s most celebrated woman cricketer, Sana Mir, most successful Test captain, Misbah-ul-Haq, leading... Published 30 Jan, 2023 06:13am
PTBA slams grant of ATIR’s ‘charge’ to judicial member working on contract ISLAMABAD: Pakistan Tax Bar Association (PTBA) has challenged the legality of assigning ‘look after charge’ of... Published 30 Jan, 2023 05:56am
6.3 magnitude earthquake jolts Islamabad, other areas ISLAMABAD: An earthquake hit several parts of the country, including Islamabad, Lahore and Rawalpindi on Sunday. The... Published 30 Jan, 2023 05:56am
MQM to hold public rally in Hyderabad on Feb 24 KARACHI: Muttahida Qaumi Movement-Pakistan (MQM-P) Sunday announced a public rally in Hyderabad on February 24. The... Published 30 Jan, 2023 05:56am
PDP terms hike in oil prices cruelty to poor masses KARACHI: Pasban Democratic Party (PDP) Chairman Altaf Shakoor on Sunday expressing dismay to a sharp hike in prices... Published 30 Jan, 2023 05:56am
Four held for involvement in hawala business KARACHI: Federal Investigation Agency (FIA) claimed to have arrested four men for their alleged involvement in ... Published 30 Jan, 2023 05:56am
Residents of all ages participate in Karachi ‘marathon’ KARACHI: Residents of Karachi actively participated in the 4th Commissioner Karachi Marathon, held in collaboration... Published 30 Jan, 2023 05:56am
Transgender persons included in BISP scheme: Govt will try to shield people from effects of IMF deal: minister KARACHI: Federal Minister for Poverty Alleviation and Social Safety Shazia Marri on Sunday said that the federal... Published 30 Jan, 2023 05:56am
President, PM grieve over fatal Lasbela accident ISLAMABAD: President Dr Arif Alvi and Prime Minister Shehbaz Sharif on Sunday expressed their deep grief and sorrow... Published 30 Jan, 2023 05:56am
Tunisians vote in second round of poll for defanged parliament TUNIS: Polling began in the second round of elections for Tunisia’s toothless parliament on Sunday, but as the... Published 30 Jan, 2023 05:56am
Stocks Europe’s revenue growth expected to slow down in Q4 LONDON: Revenue at Europe’s largest companies is expected to have risen by just 0.9% in the fourth quarter,... Published 30 Jan, 2023 05:56am
Turkey may accept Finland into NATO: Erdogan ISTANBUL: Turkish President Recep Tayyip Erdogan said for the first time Sunday that Ankara could accept Finland ... Published 30 Jan, 2023 05:56am
Indigenous PGME system major achievement of CPSP: Naval Chief ISLAMABAD: Chief of the Naval Staff Admiral Muhammad Amjad Khan Niazi has said that introducing, nurturing and... Published 30 Jan, 2023 05:56am
Man impersonating Rangers official held KARACHI: The police arrested a fraudster impersonating as Rangers official here on Sunday. SSP Kemari Fida Hussain... Published 30 Jan, 2023 05:56am
The Weather KARACHI: The weather report on Sunday (January 29, 2023) and the forecast for Monday (January 30, 2023).... Published 30 Jan, 2023 05:56am
Rates PSX witnesses bullish trend KARACHI: Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on January 27, 2023 on the... Published 30 Jan, 2023 05:56am
Rates Futures spread down 320bps KARACHI: The futures spread declined by 320bps to 8.05 percent on the last day of the outgoing week. Trading... Published 30 Jan, 2023 05:56am
Decline in cess collection lands body in trouble: Food ministry seeks Rs666.64m grant for cotton committee ISLAMABAD: The Ministry of National Food Security and Research has sought an approval for Rs666.640 million from the... Updated 30 Jan, 2023 09:23am
PKR slide likely to fuel inflation in a big way ISLAMABAD: The depreciation of Pak rupee by 13.5 percent by Friday in the interbank rate will raise inflation to 35... Updated 30 Jan, 2023 09:26am
Israel appears to have been behind drone strike on Iran: US official DUBAI/WASHINGTON: Israel appears to have been behind an overnight drone attack on a military factory in Iran, a US... Updated 30 Jan, 2023 09:22am
Bus crash in Lasbela kills at least 41 LASBELA: More than 40 people were killed after a bus fell into a ravine and caught fire in the Lasbela, Balochistan... Published 30 Jan, 2023 05:56am
Bilawal arrives in Moscow MOSCOW: Foreign Minister Bilawal Bhutto Zardari on Sunday arrived here on a two-day official visit. The minister was... Published 30 Jan, 2023 05:56am
Rates PKR: depreciation KARACHI: The rupee depreciated 12.5% during the previous week, but the bulk of the fall came in the last two ... Published 30 Jan, 2023 05:56am
664,000 persons sent abroad for employment, says minister PESHAWAR: Federal Minister for Labour, Human Resources and Overseas Pakistanis, Sajid Hussain Turi has said that... Published 30 Jan, 2023 05:56am
Flood-affected power plant in KP: Secy wants restoration work to be launched soon PESHAWAR: Secretary Khyber Pakhtunkhwa Energy & Power, Nisar Ahmad Khan has agreed with the estimated cost for... Published 30 Jan, 2023 05:56am
Every labourer deserves decent wages: JI leader KARACHI: Jamaat-e-Islami (JI) Karachi Ameer Engr Hafiz Naeemur Rehman has said that each and every labourer deserves... Published 30 Jan, 2023 05:56am
Fawad files plea for medical check-up? ISLAMABAD: Fawad Chaudhary, former federal minister and Pakistan Tehreek-e-Insaf (PTI) leader, has reportedly filed ... Published 30 Jan, 2023 05:56am
Imran may be arrested ‘for causing unrest’, says minister SIALKOT: Defence Minister Khawaja Muhammad Asif has warned that former premier and Pakistan Tehreek-e-Insaf (PTI)... Published 30 Jan, 2023 05:56am
11 seminary students killed as boat capsizes PESHAWAR: Eleven students of a religious seminary died in a tragic boat capsized accident in Tanda Dam, Kohat while... Published 30 Jan, 2023 05:56am
Elahi blames Nawaz, Maryam for hike in POL products’ prices LAHORE: Punjab former chief minister Parvez Elahi said on Sunday the Finance Minister Ishaq Dar greeted the Pakistan... Published 30 Jan, 2023 05:56am
No harm if polls for PAs, NA held on same day: PPP LAHORE: Former senior minister Punjab and General Secretary Pakistan Peoples’ Party Central Punjab Syed Hasan... Published 30 Jan, 2023 05:56am
No plot allotted amid pending litigation matters: FGEHA ISLAMABAD: The Federal Government Employees Housing Authority (FGEHA) has not allotted plots in the first and second... Published 30 Jan, 2023 05:56am
Bilawal expresses dismay over loss of lives in bus crash KARACHI: Chairman of Pakistan People’s Party (PPP) and Foreign Minister Bilawal Bhutto Zardari on Sunday expressed... Published 30 Jan, 2023 05:56am
Rabbani fears move for drastic changes in Constitution ISLAMABAD: Former Senate chairman Raza Rabbani on Sunday said that speculations with regard to presidential system... Published 30 Jan, 2023 05:56am
PM condemns desecration of Holy Quran ISLAMABAD: Prime Minister Shehbaz Sharif has condemned highly offensive desecration of the Holy Quran by a Danish... Published 30 Jan, 2023 05:56am
Markets, roads, green belts: CDA demolishes 6,295 illegal structures ISLAMABAD: The Directorate of Enforcement, Capital Development Authority (CDA) has demolished around 6,295 illegal... Published 30 Jan, 2023 05:56am
CM wants process for recruiting police martyrs’ children simplified LAHORE: The caretaker Chief Minister Punjab Mohsin Naqvi became a voice for the children of police martyrs on ... Published 30 Jan, 2023 05:56am
Cotton & Textile Weekly Cotton Review: Price increases following appreciation in dollar value KARACHI: The rate of cotton witnessed an increase of Rs 1,000 per maund as a result of increase in the rate of... Published 30 Jan, 2023 05:56am
Gross mishandling of the rupee The economically disastrous policy of controlling the interbank rate thereby providing stimulus to the black market,... Published 30 Jan, 2023 05:56am
Economy: it has only gotten worse Like ‘Shehbaz speed’, finance minister Ishaq Dar’s bubble has been burst as well. The ‘Dar magic’ was as... Updated 30 Jan, 2023 07:00am
US trade shifts on Covid and China tensions, but no ‘decoupling’ yet US trade flows are realigning on the back of pandemic shocks and tensions with China, but efforts to reduce... Published 30 Jan, 2023 05:56am
Letters Hike in fuel prices A big rise in fuel prices was expected, it is highly disappointing nevertheless. Given a Rs 35 per litre hike in... Published 30 Jan, 2023 05:56am
Commodities Prices of essential kitchen items soar PESHAWAR: Prices of essential food commodities including vegetables, live chicken/ meat, pulses, sugar, flour, ... Published 30 Jan, 2023 05:56am
Energy Qatar joins Lebanon gas exploration consortium BEIRUT: Lebanon announced Sunday that Qatar had entered a consortium to explore for offshore gas in waters near... Published 30 Jan, 2023 05:56am
Stocks Wall Street ends higher, notches weekly gains NEW YORK: Wall Street advanced on Friday, marking the end of an rocky week in which economic data and corporate... Published 30 Jan, 2023 05:56am
Stocks Wall Street Week Ahead: Recession fears pose challenge to energy shares after stellar year NEW YORK: A potential US recession and tough comparisons to a stellar 2022 are weighing on the prospects of energy... Published 30 Jan, 2023 05:56am
Stocks HK stocks rise on hopes of strong China market reopening HONG KONG: Hong Kong shares ended higher on Friday, with investors positioning for a strong opening for the mainland... Published 30 Jan, 2023 05:56am
Stocks Tech gains help TSX add to weekly winning streak BENGALURU: Canada’s main stock index edged higher on Friday, led by technology and energy shares, as US data ... Published 30 Jan, 2023 05:56am
Stocks Gulf stocks rise on hope of slower Fed rate hikes DUBAI: Stock markets in the Gulf ended higher on Sunday after cooling US inflation lifted expectations the Federal... Published 30 Jan, 2023 05:56am
Commodities Copper stumbles on stronger dollar, Chinese demand LONDON: Copper prices slumped on Friday, pressured by a firmer dollar and uncertainty about how soon Chinese metals... Published 30 Jan, 2023 05:56am
Energy Oil prices settle lower on Russia supply outlook NEW YORK: Oil prices settled lower on Friday, making their weekly finish flat to lower, as indications of strong... Published 30 Jan, 2023 05:56am
Stocks Tokyo shares close flat ahead of earnings season TOKYO: Tokyo shares ended nearly flat Friday, staying in a narrow band throughout the day as investors waited for... Published 30 Jan, 2023 05:56am
Commodities Palm oil extends gains on bargain buying, ends higher JAKARTA: Malaysian palm oil futures rose for a second straight session on Friday on bargain hunting amid a recovery... Published 30 Jan, 2023 05:56am
Stocks Adani Group carnage drives Indian shares to over 3-month lows BENGALURU: Indian shares ended more than 1% lower to hit a three-month low on Friday as a short-seller attack on... Published 30 Jan, 2023 05:56am
Energy Discos inflict Rs170bn loss on exchequer KARACHI: The national exchequer has to bear a whopping Rs 170 billion financial loss on account of low collection of... Published 30 Jan, 2023 05:56am
Rates Your rupee last year KARACHI: Following currency fluctuations took place in foreign exchange rates during the last year. (January 4 to... Published 30 Jan, 2023 05:56am
Rates Your rupee last week KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (January 23 to... Published 30 Jan, 2023 05:56am
EAG concerned at ‘inadequate’ SBP response Economic Advisory Group stresses the need for meaningful reforms to achieve sustainable growth, instead of relying on policies that become a source of economic instability Updated 30 Jan, 2023 09:22am
SBP denies USD rate capping caused loss KARACHI: The State Bank of Pakistan (SBP) on Sunday rebutted the claim or reports that capping the price of dollar... Updated 30 Jan, 2023 09:24am
Import of used tractors: ECC asks MoC, SBP to rethink ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet has directed Commerce Ministry and State Bank of... Updated 30 Jan, 2023 09:23am
IMF conditionalities: Govt raises fuel prices in a gesture of compliance ISLAMABAD: The government has announced to increase the prices of petroleum products by Rs 35 (petrol, diesel) and... Updated 30 Jan, 2023 09:27am
Imran Khan censures govt for ‘massive’ fuel hike LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman and former prime minister Imran Khan on Sunday strongly criticised... Updated 30 Jan, 2023 09:29am
Dar says fiscal discipline has to be imposed ISLAMABAD: Finance Minister Ishaq Dar said on Sunday big decisions are required to be taken to deal with the current... Updated 30 Jan, 2023 11:23pm
Hike to fuel inflation: Tarin ISLAMABAD: Former finance minister and Pakistan Tehreek-e-Insaf (PTI) leader Shaukat Tarin said on Sunday that the... Updated 30 Jan, 2023 09:27am
Cooling US inflation lifts hope for smaller Fed rate hike WASHINGTON: Slowing inflation and a cooling property sector are fueling expectations that the US central bank can... Published 30 Jan, 2023 05:56am
Termination of SEL’s LoS: PPIB seeks comments from CPPA-G, NTDC ISLAMABAD: Private Power & Infrastructure Board (PPIB) has sought viewpoints of CPPA-G and NTDC on estimated... Updated 30 Jan, 2023 09:23am
PBF flays sharp increase in POL products’ prices LAHORE: Pakistan Businesses Forum (PBF) on Sunday rejected the sharp increase in petroleum prices of Rs 35.35 per... Published 30 Jan, 2023 05:56am
Taxes Ex-ombudsman’s order still awaits enforcement: FTO may have to order action against FBR officers again ISLAMABAD: The Federal Tax Ombudsman (FTO) may have to direct the Federal Board of Revenue (FBR) again to implement... Published 30 Jan, 2023 05:56am
Taxes Customs officer awarded certificate PESHAWAR: Sohail Ahmed, a senior custom officer was awarded with a Certificate of Merit for Best Performance.... Published 30 Jan, 2023 05:56am
Taxes RTO continues operations against tax evaders PESHAWAR: Regional Tax Office (RTO) Peshawar’s, Federal Board of Revenue (FBR) mobile squad has continued... Published 30 Jan, 2023 05:56am
Companies Faysal Bank teams up with Mercantile Pakistan to provide BNPL facility KARACHI: Faysal Bank partnered with Mercantile Pakistan (Authorized Apple Distributor) to provide a facility of Buy... Published 30 Jan, 2023 05:56am
Traders assail sharp increase in POL prices KARACHI: National trade and transport bodies have rejected the recent massive increase in the prices of petroleum... Published 30 Jan, 2023 05:56am
Conclude 9th review and move ahead EDITORIAL: The finance minister, Ishaq Dar, finally budged from position of keeping the PKR to dollar parity... Published 30 Jan, 2023 05:56am
BISP crackdown on ‘commission mafia’ EDITORIAL: In sheer deference to the late Benazir Bhutto, the then Pakistan People’s Party Prime Minister Yousuf... Published 30 Jan, 2023 05:56am
US wants WTO dispute system fixed in 2024 GENEVA: The United States is entering a third phase of talks with countries to reform the World Trade Organization... Published 30 Jan, 2023 05:56am
US economy grows strongly in fourth quarter WASHINGTON: The US economy maintained a strong pace of growth in the fourth quarter as consumers boosted spending on... Published 30 Jan, 2023 05:56am
Money & Banking Dollar clings to gains after US data NEW YORK: The dollar clung to modest gains against the euro on Friday after data showed falling US consumer spending... Published 30 Jan, 2023 05:56am
Companies ASML beats earnings forecasts VELDHOVEN (Netherlands): ASML Holding NV, Europe’s largest technology company, beat fourth-quarter earnings... Published 30 Jan, 2023 05:56am
Money & Banking Axis Bank profit beats view on strong interest income BENGALURU: Indian private lender Axis Bank Ltd on Monday reported a stronger-than-expected 62% jump in quarterly... Published 30 Jan, 2023 05:56am
Companies Spotify to lay of about 600 staff as tech woes spread STOCKHOLM: Swedish music streaming giant Spotify said Monday it was cutting six percent of its roughly 10,000... Published 30 Jan, 2023 05:56am
Companies 3M to cut 2,500 jobs BENGALURU: 3M Co said on Tuesday it would cut 2,500 manufacturing jobs and forecast a gloomy first-quarter as the US... Published 30 Jan, 2023 05:56am
Taxes President orders FBR to refund deducted tax to British-era library ISLAMABAD: President Dr Arif Alvi has upheld the orders of the Federal Tax Ombudsman (FTO) to issue tax exemption... Published 30 Jan, 2023 05:56am
Taxes FBR chairman reaches out to Peshawar traders PESHAWAR: Chairman Federal Board of Revenue (FBR) Asim Ahmad held a consultation with businessmen about issues... Published 30 Jan, 2023 05:56am
Companies Tesla reports record profits, confirms long-term outlook NEW YORK: Tesla reported another round of record quarterly profits Wednesday while confirming its long-term growth... Published 30 Jan, 2023 05:56am
Companies Halliburton tops Wall Street estimates as equipment remains fully booked BENGALURU: US oilfield services firm Halliburton Co on Tuesday topped Wall Street profit estimates for its fourth... Published 30 Jan, 2023 05:56am
Companies Ford to cut 3,200 jobs in Europe, says union BERLIN: Ford plans to cut 3,200 jobs across Europe and move some product development work to the United States,... Published 30 Jan, 2023 05:56am
Companies Microsoft invests billions in ChatGPT firm OpenAI WASHINGTON: Microsoft on Monday said it had extended its partnership with OpenAI, the research lab and creator of... Published 30 Jan, 2023 05:56am