Companies Rio Tinto slashes dividend as profit plunges LONDON: Rio Tinto posted a 38 percent drop in annual profit and more than halved its dividend on Wednesday, hurt by... Published 27 Feb, 2023 07:50am
Companies Revlon reaches lender settlement, sends bankruptcy plan to vote MANHATTAN: Revlon Inc on Tuesday announced a deal with a holdout faction of lenders, removing the largest remaining... Published 27 Feb, 2023 07:48am
Companies Alibaba beats quarterly revenue estimates as Covid curbs ease BEIJING: Alibaba Group Holding Ltd reported better-than-expected quarterly revenue on Thursday, helped by its ... Published 27 Feb, 2023 07:46am
Companies BHP eyes rising demand in China as profit declines MELBOURNE: Global miner BHP Group reported a steeper-than-expected 32% fall in first-half profit owing to a drop in... Published 27 Feb, 2023 07:44am
Companies Lloyds bank profits dip on bad-debt charge LONDON: Britain’s Lloyds Banking Group on Wednesday logged a drop in net profit last year as a large charge to... Published 27 Feb, 2023 07:42am
Companies Walmart gets cautious on economic outlook NEW YORK: Walmart Inc struck a cautious note in its economic outlook for 2023 on Tuesday as the retail bellwether... Published 27 Feb, 2023 07:40am
Australian exporters rekindle China ties amid diplomatic thaw SYDNEY: Two and a half years after Chinese trade restrictions hit Australian products from coal to wine, a ... Published 27 Feb, 2023 07:39am
USA Trump, other Republicans will have to pledge loyalty to 2024 presidential nominee WASHINGTON: The Republican Party plans to ask 2024 presidential candidates to pledge support for the eventual... Published 27 Feb, 2023 07:37am
Any China lethal aid to Russia will come at ‘real costs’, says US WASHINGTON: China has not moved toward providing lethal aid that would help Russia in its invasion of Ukraine and ... Published 27 Feb, 2023 07:35am
Middle East At Jordan talks, Israel and Palestinians pledge to prevent new unrest AMMAN: Israeli and Palestinian officials pledged after rare talks in Jordan on Sunday to prevent more violence, ... Published 27 Feb, 2023 07:32am
Macron to visit China after Beijing’s Ukraine peace plan KYIV: French President Emmanuel Macron said Saturday he would visit China in April, and urged Beijing to pressure... Published 27 Feb, 2023 07:30am
Middle East Palestinian kills two Israelis in West Bank RAMALLAH: A Palestinian gunman killed two Israeli brothers as they were driving in the occupied West Bank on Sunday,... Published 27 Feb, 2023 07:03am
Asia Philippine lawmakers ratify entry to world’s largest trade pact MANILA: Philippine lawmakers approved Tuesday the country’s entry into the world’s biggest free trade bloc, with... Published 27 Feb, 2023 07:00am
Europe UK and EU on cusp of Northern Ireland Brexit deal but concerns remain LONDON: Britain is on the cusp of a deal with the European Union to try to ease trade and political disruption in... Published 27 Feb, 2023 06:55am
Cotton & Textile Weekly Cotton Review: Prices fall amidst low business volume KARACHI: The cotton market saw low business volume previous week. An increase in the rate of Future Trading of New... Published 27 Feb, 2023 06:51am
NA-193 by-polls: PTI’s Mohsin Leghari grabs victory ISLAMABAD: As per unofficial results, Pakistan Tehreek-e-Insaf (PTI) candidate Muhammad Mohsin Khan Leghari on ... Published 27 Feb, 2023 06:49am
GCWUF hosts volleyball tournament for girls FAISALABAD: Government College Women University Faisalabad in collaboration with Higher Education Commission is... Published 27 Feb, 2023 06:46am
Governor lauds role of Punjab’s philanthropists LAHORE: The concerned philanthropists and donors of Punjab by generously donating for providing quality schooling to... Published 27 Feb, 2023 06:45am
Nestlé, Telenor Pakistan join hands to tackle iron deficiency in kids KARACHI: Nestlé and Telenor Pakistan have joined forces to address the issue of iron deficiency. On 20th February,... Published 27 Feb, 2023 06:43am
AFMDC holds ‘white coat’ ceremony FAISALABAD: The White Coat Ceremony held at Aziz Fatimah Medical and Dental College (AFMDC) was a momentous ... Published 27 Feb, 2023 06:39am
Service tribunal rejects CCPO’s plea for change of birth date LAHORE: The Federal Service Tribunal has rejected the request made by CCPO of Lahore Ghulam Mehmood Dogar for change... Published 27 Feb, 2023 06:37am
IGP pledges to safeguard interests of police force in merged districts PESHAWAR: Inspector General Police (IGP) Khyber Pakhtunkhwa Akhtar Hayat Khan has promised to safeguard the ... Published 27 Feb, 2023 06:36am
LHCBA elects two women as senior office-bearers LAHORE: The Lahore High Court Bar Association (LHCBA) on Saturday made history by electing two women for the first... Published 27 Feb, 2023 06:36am
Shehbaz launches BOP freelancer segment, credit card LAHORE: Prime Minister Mian Shehbaz Sharif has launched the BOP Freelancer Segment and Credit Card at a ceremony for... Published 27 Feb, 2023 06:33am
Iran releases Spanish woman MADRID: A Spanish woman imprisoned in Iran since November on espionage charges after she was arrested during... Published 27 Feb, 2023 06:17am
President Polo Cup: BN Polo, Master Paints/Newage qualify for semi-finals LAHORE: BN Polo and Master Paints/Newage Cables from Pool-A qualified for the semifinals of the 2nd President of... Published 27 Feb, 2023 06:17am
Australia win Women’s T20 World Cup for sixth time CAPE TOWN: Australia won the Women’s T20 World Cup for the sixth time when they beat South Africa by 19 runs in ... Published 27 Feb, 2023 06:17am
HBL PSL-8: Karachi Kings defeat Multan Sultans by 66 runs LAHORE: Karachi Kings proved to be too good for Multan Sultans at their home as thumped the visitors by 66 runs at... Published 27 Feb, 2023 06:17am
Latham, Conway lead New Zealand fightback to frustrate England WELLINGTON: New Zealand are contemplating the possibility of a rare Test win after following on, having dug in with... Published 27 Feb, 2023 06:17am
Messi, Mbappe and Benzema up for FIFA award PARIS: Just like in the World Cup final, Paris Saint-Germain teammates Lionel Messi and Kylian Mbappe go up against... Published 27 Feb, 2023 06:17am
France end Scotland’s Six Nations Grand Slam dream PARIS: France full-back Thomas Ramos scored 17 points to end Scotland’s hopes of a Six Nations Grand Slam with a... Published 27 Feb, 2023 06:17am
Man Utd win League Cup to end six-year trophy drought LONDON: Manchester United clinched their first major trophy for six years with a ruthless 2-0 win against Newcastle... Published 27 Feb, 2023 06:17am
Tamim denies rift with Shakib DHAKA: Bangladesh one-day international captain Tamim Iqbal denied on Sunday there was a schism in the team and... Published 27 Feb, 2023 06:17am
PSL-8: Qalandars beat Peshawar Zalmi LAHORE: Batsman Fakhar Zaman and pacer Shaheen Shah Afridi showed their class, as Lahore Qalandars trounced Peshawar... Published 27 Feb, 2023 06:17am
HBL PSL-8: Financial issues between PCB, Punjab govt resolved LAHORE: Matters between the Punjab government and the Pakistan Cricket Board (PCB) have been settled as the latter... Published 27 Feb, 2023 06:17am
Court arrest drive: ‘Far-off’ jails to be filled first, says interior minister ISLAMABAD: Interior Minister Rana Sanaullah said that the government will first direct Pakistan Tehreek-e-Insaf ... Published 27 Feb, 2023 06:17am
Nation will not let PDM escape polls: Imran LAHORE: Pakistan Tehreek-e-Insaf (PTI) officials from Lahore met the party Chief Imran Khan on Sunday to discuss the... Published 27 Feb, 2023 06:17am
Row over security expenses: PM vows to help break PCB-Punjab govt deadlock ISLAMABAD: Chairman of the Pakistan Cricket Board’s (PCB) Management Committee Najam Sethi on Sunday reached out ... Published 27 Feb, 2023 06:17am
Shahdadpur station platform’s upgradation: Railways doles out additional Rs2m ISLAMABAD: Pakistan Railways has allocated around Rs 2 million more funds for completing the renovation and... Published 27 Feb, 2023 06:17am
Amjad Islam Amjad termed an icon of contemporary Urdu poetry ISLAMABAD: Chairman Pakistan Academy of Letters (PAL), Dr Muhammad Yousuf Khushk lauded the valuable contribution of... Published 27 Feb, 2023 06:17am
Saudi embassy announces video competition ISLAMABAD: The Saudi Embassy has announced a short video competition on ‘Pak-Saudi Relations’ for talented youth... Published 27 Feb, 2023 06:17am
TLP calls for countrywide strike today KARACHI: Tehreek-e-Labbaik Pakistan (TLP) has given a call for observing a countrywide shutter down strike on... Published 27 Feb, 2023 06:17am
World powers urged to play role in resolution of Kashmir dispute ISLAMABAD: In Indian illegally occupied Jammu and Kashmir, the All Parties Hurriyat Conference has urged the world... Published 27 Feb, 2023 06:17am
Protection of Constitution a collective responsibility, says CM KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that the protection of the Constitution of 1973 was not... Published 27 Feb, 2023 06:17am
MoF says ‘stop payments’ news fake ISLAMABAD: The Finance Ministry has rejected as completely false the rumours that government has instructed to stop... Published 27 Feb, 2023 06:17am
Zia Mohyeddin captivated audiences with his voice and words: Murad KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that Zia Mohyeddin was a man with feathers galore in his... Published 27 Feb, 2023 06:17am
Gwadar uplift possible only when locals are made stakeholders: speakers KARACHI: In the Eighth Gwadar Book Festival, University of Gwadar (UG) organized a session on “Great Power Rivalry... Published 27 Feb, 2023 06:17am
Rs2474.87m released for 15 aviation sector projects in 7 months ISLAMABAD: The government has so far released funds amounting to Rs 2474.87 million, under the Public Sector... Published 27 Feb, 2023 06:17am
SAU organises workshop on ‘impact assessment validation and learning’ HYDERABAD: National and international experts and policy-making organizations have emphasized better relations... Published 27 Feb, 2023 06:17am
ATP chief for collective efforts to eliminate poverty, deprivation PESHAWAR: Amun Taraqqi Party (ATP) Muhammad Faiq Shah termed the poverty, starvation, hunger, deprivations and... Published 27 Feb, 2023 06:17am
PFD issues warning to fake seed companies LAHORE: The Punjab Food Department has warned of registration of cases and a legal action against those who will... Published 27 Feb, 2023 06:17am
The Weather KARACHI: The weather report on Sunday (February 26, 2023) and the forecast for Monday (February 27, 2023).... Published 27 Feb, 2023 06:17am
Four dead in Barkhan blast BARKHAN, Balochistan: At least four people were killed while 12 others sustained injuries in a blast that took place... Published 27 Feb, 2023 06:17am
PM takes notice of Bhara Kahu fiasco ISLAMABAD: Prime Minister Shehbaz Sharif has taken notice of the accident that took place during the construction of... Published 27 Feb, 2023 06:17am
Politicians acknowledge CSOs role in promotion of democratic values PESHAWAR: Political parties acknowledged the crucial role of the civil society organizations (CSOs) in creating... Published 27 Feb, 2023 06:17am
Senate panel discusses austerity plans at special session convened by Sanjrani ISLAMABAD: A special session of the Business Advisory Committee of the Senate was convened by Chairman Senate... Published 27 Feb, 2023 06:17am
Energy PM to inaugurate 100MW Iran-Gwadar power transmission project QUETTA: Chief Secretary Balochistan Abdul Aziz Aqeeli said that Prime Minister Shehbaz Sharif will inaugurate 100 MW... Published 27 Feb, 2023 06:17am
A reality-check desperately required The damning indictment of Pakistan’s economic policies continues with the latest attack by Managing Director... Published 27 Feb, 2023 06:17am
Should the MPC meeting be preponed? The most concerning and alarming element in the macro numbers is that inflation is growing out of control. Food... Published 27 Feb, 2023 06:17am
India wants a clean energy transition deal-and its coal too India is unlikely to sign a deal with richer nations this year for a just energy transition, as international ... Published 27 Feb, 2023 06:17am
Letters Iraq today It was only a few weeks ago that German Chancellor Olaf Scholz and Iraq’s Prime Minister Mohammed Shia al-Sudani... Published 27 Feb, 2023 06:17am
Outsourcing govt borrowing! On Friday Feb 24, a news report appeared in this newspaper that the ministry of finance (MoF) is working on a plan ... Published 27 Feb, 2023 06:17am
Rates PSX remains under pressure KARACHI: Pakistan Stock Exchange remained under pressure during the outgoing week ended on February 24, 2023 due to... Published 27 Feb, 2023 06:17am
Rates Futures spread declines 719bps KARACHI: The futures spread declined by 719bps to 6.84 percent on the last day of the outgoing week. Trading... Published 27 Feb, 2023 06:17am
Rates PKR appreciates nearly 1.1pc KARACHI: The rupee appreciated nearly 1.1% during the previous week, as news of inflow of $700 million from China... Published 27 Feb, 2023 06:17am
Commodities Prices of essential food items on the rise in Peshawar PESHAWAR: A survey carried out on Sunday revealed an upward trend in prices of essential food commodities —... Published 27 Feb, 2023 06:17am
Stocks Wall St ends sharply down, posts biggest weekly drop of 2023 NEW YORK: Wall Street’s main indexes posted their biggest weekly drop of 2023 after sharp losses on Friday, as... Published 27 Feb, 2023 06:17am
Stocks Wall Street Week Ahead: US economic resilience could add lustre to semiconductor shares NEW YORK: Signs of a resilient US economy are boosting the appeal of semiconductor stocks, even as worries over the... Published 27 Feb, 2023 06:17am
Stocks China stocks fall on Sino-US tensions SHANGHAI: China stocks closed lower on Friday as Sino-US tensions dented investor sentiment and dragged most sectors... Published 27 Feb, 2023 06:17am
Commodities Copper heads for weekly losses as the dollar leaps LONDON: Copper prices fell to their lowest in nearly seven weeks on Friday as the dollar strengthened and demand in... Published 27 Feb, 2023 06:17am
Energy Oil flat on week as US inventories rise but Russia cuts supply NEW YORK: Oil edged higher in volatile trade on Friday, and was flat on the week, with prices supported by the... Published 27 Feb, 2023 06:17am
Stocks India’s NSE unit launches first Municipal Bond Index MUMBAI: NSE Indices Ltd, the subsidiary of India’s National Stock Exchange (NSE), has launched the country’s... Published 27 Feb, 2023 06:17am
Commodities Palm oil clocks third weekly climb on tight supply worries KUALA LUMPUR: Malaysian palm oil futures ended lower on Friday after trading in a tight range, although the contract... Published 27 Feb, 2023 06:17am
Energy Iraq signs oil and gas deals with UAE’s Crescent Petroleum, two Chinese firms BAGHDAD: Iraq signed deals with UAE firm Crescent Petroleum and two Chinese companies on Tuesday for the development... Published 27 Feb, 2023 06:17am
Energy Adani Total to start operations at Indian LNG terminal by mid-June SINGAPORE: Adani Total Private Ltd will receive its first liquefied natural gas (LNG) cargo at the Dhamra terminal ... Published 27 Feb, 2023 06:17am
Rates Your rupee last week KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (February 20 to... Published 27 Feb, 2023 06:17am
Why IMF lending still stalled? Reticence amongst some of the friendly countries in disbursing already pledged support and roll overs major reasons for the stalled ninth review of IMF Updated 27 Feb, 2023 10:37am
PPRA declines giving exemption to Exim Bank ISLAMABAD: The Public Procurement Regulatory Authority (PPRA) has turned down a proposal of Exim Bank for exemption... Updated 27 Feb, 2023 08:43am
Sales tax, other issues: FBR invites textile exporters to a moot ISLAMABAD: The Federal Board of Revenue (FBR) has invited all textile exporters to a moot at FBR headquarters on... Updated 27 Feb, 2023 08:43am
Bilawal for bringing judges under NAB purview KARACHI: Chairman Pakistan Peoples Party (PPP) and Foreign Minister Bilawal Bhutto Zardari has announced to... Updated 27 Feb, 2023 12:50pm
New hope for CASA-1000 as Taliban govt decides to honour previous pact ISLAMABAD: In a major development, Taliban regime has decided to honour all pacts related to Central Asia-South... Updated 27 Feb, 2023 08:42am
Austerity drive: Notification about monitoring body issued ISLAMABAD: A notification regarding the constitution of a monitoring committee to oversee the implementation of the... Updated 27 Feb, 2023 01:15pm
Russia’s bank to suspend trading in euros MOSCOW: Russian online bank Tinkoff, run by TCS Group Holding, said on Sunday it would suspend trading in euros from... Updated 27 Feb, 2023 08:42am
CPEC IPPs: Govt willing to amend PERA to satisfy Chinese lenders ISLAMABAD: The government has reportedly shown willingness to amend/ modify Pakistan Energy Revolving Account (PERA)... Updated 27 Feb, 2023 08:41am
Pakistanis among 59 migrants die in boat wreck off Italy ROME: Fifty-eight people died, including some children, when a wooden sailing boat carrying migrants crashed against... Updated 27 Feb, 2023 08:40am
FBR asks Customs to deposit confiscated foreign currencies in NBP ISLAMABAD: The Federal Board of Revenue (FBR) has directed the customs authorities to deposit the confiscated ... Updated 27 Feb, 2023 08:41am
US spy chief says Iran advancing N-plan at ‘worrisome pace’ WASHINGTON: Iran’s nuclear program is advancing at a “worrisome pace,” CIA director William Burns said in an... Updated 27 Feb, 2023 08:41am
Industry Sustainable policies needed for prosperity, says SCCI chief PESHAWAR: Sarhad Chamber of Commerce and Industry (SCCI) president Muhammad Ishaq stressed the need of adopting... Published 27 Feb, 2023 06:17am
Dependence on IMF no solution to economic crisis: UBG KARACHI: President of United Business Group (UBG) Zubair Tufail has said that in the current situation of the... Published 27 Feb, 2023 06:17am
Zargham Khan Durrani appointed as president & CEO of MCB Islamic Bank LAHORE: Chairman Board of Directors MCB Islamic Bank Ltd., Raza Mansha has announced that Zargham Khan Durrani has... Published 27 Feb, 2023 06:17am
Industry 80 companies including MNCs participate in GIKI job fair PESHAWAR: About 80 multinational and national companies from across the country participated in Ghulam Ishaq Khan... Published 27 Feb, 2023 06:17am
The floundering economy EDITORIAL: Current account deficit has declined 67 percent to 3.8 billion dollars (July-January 2022-23) against... Published 27 Feb, 2023 06:17am
Enough is enough EDITORIAL: The way the country’s top politicians are turning their guns on central and sensitive state ... Published 27 Feb, 2023 06:17am
Money & Banking US dollar holds seven-week high after strong inflation data NEW YORK: The dollar held a seven-week peak on Friday, as another round of data showing still-high inflation... Published 27 Feb, 2023 06:17am
Taiwan revises down 2023 GDP growth forecast on export slump TAIPEI: Taiwan’s trade-dependent economy is likely to grow more slowly this year than previously forecast, hit by ... Published 27 Feb, 2023 06:17am
Companies China economy to rebound in 2023 under ‘precise, forceful monetary policy’ BEIJING: China’s economy is expected to generally rebound in 2023 and monetary policy will be precise and... Published 27 Feb, 2023 06:17am
Money & Banking India, Singapore launch real-time link for cross-border payments MUMBAI: India and Singapore launched on Tuesday a real-time link to facilitate easier cross border money transfers... Published 27 Feb, 2023 06:17am
Britain says global accounting rule is crimping its economy LONDON: A central plank of global accounting rules has become a “performance penalty” which holds back ... Published 27 Feb, 2023 06:17am
Companies Deutsche Telekom reports Q4 growth BERLIN: Deutsche Telekom reported forecast-beating fourth-quarter earnings on Thursday, citing customer growth in... Published 27 Feb, 2023 06:17am
Companies Home Depot flags profit hit from slowing demand NEW YORK: Home Depot Inc warned of slowing demand for home improvement goods this year as inflation dents the ... Published 27 Feb, 2023 06:17am