Companies British, US law firms unveil $3.4-bn merger LONDON: British law firm Allen & Overy and US peer Shearman & Sterling on Monday unveiled a merger to create... Published 29 May, 2023 04:27am
Companies Apple inks deal with Broadcom for US-made chips WASHINTON: Apple Inc on Tuesday said it has entered a multi-billion-dollar deal with chipmaker Broadcom Inc to use... Published 29 May, 2023 04:27am
Companies Credit Suisse sale to UBS was ‘surprising’: Standard Chartered CEO DOHA: Standard Chartered CEO Bill Winters on Tuesday said the sale of Credit Suisse to UBS was “surprising” ... Published 29 May, 2023 04:27am
Three more leaders quit PTI ISLAMABAD: As the exodus of Pakistan Tehreek-e-Insaf’s (PTI) second-tier leadership continues unabated, three more... Published 29 May, 2023 04:27am
Leicester, Leeds relegated from Premier League as Everton survive LIVERPOOL, (England): Leicester were relegated from the Premier League just seven years after a spectacular title... Published 29 May, 2023 04:27am
Bayern back Tuchel after sackings and confirm Rummenigge return MUNICH: Bayern Munich chairman Herbert Hainer on Sunday promised manager Thomas Tuchel’s job is safe with the... Published 29 May, 2023 04:27am
French Olympic movement must ‘focus’ on Paris Games: IOC LAUSANNE: The French Olympic movement must “focus” on the preparations for the 2024 Games in Paris, an IOC... Published 29 May, 2023 04:27am
ICC Chairman, Chief Executive due tomorrow LAHORE: ICC Chairman Greg Barclay and Chief Executive Geoff Allardice will be arriving, here on Tuesday on a two-day... Published 29 May, 2023 04:27am
Australia coach backs Warner to play ‘significant part’ in Ashes SYDNEY: Australia’s head coach Andrew McDonald on Wednesday backed under-pressure David Warner to play “a really... Published 29 May, 2023 04:27am
India’s Prannoy clinches maiden Malaysia Masters title KUALA LUMPUR: India’s shuttler H.S. Prannoy defeated China’s Weng Hongyang in a close battle to win the men’s... Published 29 May, 2023 04:27am
ODI World Cup schedule during WTC final, says India’s cricket chief AHMEDABAD: The dates and venues for this year’s ODI World Cup in India will be revealed around the Test... Published 29 May, 2023 04:27am
No extra pressure on Alcaraz at French Open, says Ferrero PARIS: There is no added pressure on Carlos Alcaraz to win his second Grand Slam title at the French Open, his coach... Published 29 May, 2023 04:27am
China prioritising Turkmenistan over Russia in next big pipeline project SINGAPORE /ASHGABAT: China is accelerating the building of a long-delayed Central Asian pipeline to source gas from... Published 29 May, 2023 04:27am
Sultan of Iran-West mediator Oman visits Tehran TEHRAN: Oman’s Sultan Haitham bin Tarik, whose Gulf country has been a long-time mediator between Iran and the... Published 29 May, 2023 04:27am
US, Saudi Arabia call for extended ceasefire in Sudan DUBAI: Saudi Arabia and the United States called on Sunday for the extension of a ceasefire deal that has brought... Published 29 May, 2023 04:27am
Europe Ukraine reports ‘most important’ drone attack on Kyiv KYIV: Russia unleashed the “most important” assault by drones on Kyiv overnight Saturday-Sunday since the start... Published 29 May, 2023 04:27am
South Asia Indian police detain protesting wrestlers, clear site NEW DELHI: Indian police dragged away and detained on Sunday two Olympic wrestlers and dozens of others as they ... Published 29 May, 2023 04:27am
Erdogan declares victory in historic Turkey runoff ISTANBUL: Turkish President Recep Tayyip Erdogan declared victory Sunday in a historic runoff vote that posed the... Published 29 May, 2023 04:27am
The Weather KARACHI: The weather report on Sunday (May 28, 2023) and the forecast for Monday (May 29, 2023).... Published 29 May, 2023 04:27am
Delegations of ABAD, LHCBA call on CM LAHORE: A delegation of the Association of Builders and Developers Pakistan (ABAD) met with the Caretaker Chief... Published 29 May, 2023 04:27am
Direct flights between Karachi, Kuala Lumpur soon: Malaysian HC PESHAWAR: Malaysian High Commissioner to Pakistan, Mohammad Azhar Mazlan has said that the direct flight between... Published 29 May, 2023 04:27am
Death of infant in incubator: CM constitutes inquiry committee LAHORE: Caretaker Chief Minister Punjab Mohsin Naqvi visited Children Hospital owing to the death of a female infant... Published 29 May, 2023 04:27am
Govt and people‘Increased tobacco taxation is a win-win situation’: speakers ISLAMABAD: Increased tobacco taxation is a win-win situation for the government and people of Pakistan provided that... Published 29 May, 2023 04:27am
Concerns voiced over alarming rise in the number of diabetics KARACHI: Around 53 percent people were found to be diabetics in Pakistan when over 21,729 people were screened for... Published 29 May, 2023 04:27am
SWEEP project inaugurated in Karachi KARACHI: Minister for Local Government Syed Nasir Hussain Shah and Minister Information Sharjeel Inam Memon... Published 29 May, 2023 04:27am
Peshawar BRT service faces prospect of closure PESHAWAR: The operating authorities of Bus Rapid Transit (BRT) Peshawar have demanded the government to pay Rs 450... Published 29 May, 2023 04:27am
No change in loadshedding schedule since March: KE KARACHI: Spokesperson KE in an online statement reiterated that loadshedding schedule for Karachi has not changed... Published 29 May, 2023 04:27am
Rana’s presser virtual confession of ‘heinous crimes’: PTI ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) central secretary information Rauf Hassan said on Sunday that Interior... Published 29 May, 2023 04:27am
Nation celebrates Youm-e-Takbeer with zeal, fervour ISLAMABAD: The nation celebrated Youm-e-Takbeer on Sunday with great zeal and fervor, marking the historic day when... Published 29 May, 2023 04:27am
Nuclear capability: President praises scientists, civil-military leadership ISLAMABAD: President Dr Arif Alvi on Sunday said that the achievement of nuclear capability was indeed a remarkable... Published 29 May, 2023 04:27am
Rashid says he will never abandon IK ISLAMABAD: Awami Muslim League (AML) Chief Sheikh Rashid Ahmad plainly said on Sunday that “as long as Pakistan... Published 29 May, 2023 04:27am
IK hires lawyer to initiate legal action against Patel LAHORE: Lawyer Abuzar Salman Niazi on Sunday said he was engaged by Pakistan Tehreek-e-Insaf (PTI) Chairman Imran... Published 29 May, 2023 04:27am
Rana rules out talks with IK amid political impasse FAISALABAD: Interior Minister Rana Sanaullah lambasted on Sunday Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan,... Published 29 May, 2023 04:27am
No negotiations with PTI: Saad LAHORE: Federal Railways Minister Khawaja Saad Rafique has said that the government is not going to hold talks with... Published 29 May, 2023 04:27am
Youm-e-Takbeer a journey towards credible minimum deterrence: PM ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday said that Youm-e-Takbeer was not just a day but a story of the... Published 29 May, 2023 04:27am
PPP Labour Wing: Bilawal constitutes organising committee KARACHI: In a significant move, Bilawal Bhutto Zardari, the Chairman of the Pakistan People’s Party (PPP), has... Published 29 May, 2023 04:27am
Bilawal greets nation on silver jubilee of nuclear tests KARACHI: Chairman Pakistan People’s Party (PPP) and Foreign Minister Bilawal Bhutto Zardari has extended greetings... Published 29 May, 2023 04:27am
PSG’s Qatari owners in talks over Sampdoria investment PARIS: Qatar Sports Investments, the owners of French champions Paris Saint-Germain, are in negotiations over... Published 29 May, 2023 04:27am
Kostyuk can’t ‘respect’ Sabalenka’s ‘no war support’ vow at French Open PARIS: Ukraine’s Marta Kostyuk shrugged off the deluge of jeers and boos which greeted her refusal to shake hands... Published 29 May, 2023 04:27am
Europe France in ‘close talks’ over debt rating PARIS: France is in “very close talks” with debt rating agency Standard and Poor’s, Prime Minister Elisabeth... Published 29 May, 2023 04:27am
DC Hyderabad for intensifying anti-narcotics operations HYDERABAD: Divi-sional Commissioner Hyderabad Bilal Ahmed Memon has directed all the Deputy Commissioners and SSPs ... Published 29 May, 2023 04:27am
SAU, SAD establish modern ‘Geographical Information System’ HYDERABAD: SAU and the Department of Agriculture of Sindh (SAD) will develop a data center to monitor natural... Published 29 May, 2023 04:27am
Twitter account: Fawad replaces IK’s photograph with saying of a US writer ISLAMABAD: Former PTI leader and ex federal minister Fawad Chaudhary after parting ways with Imran Khan has also... Published 29 May, 2023 04:27am
Business community pays tribute to forces HYDERABAD: Presi-dent of Hyderabad Chamber of Small Traders and Small Industry (HCSTSI) Muhammad Farooq Shaikhani... Published 29 May, 2023 04:27am
Sindh plans to create force for transport dept KARACHI: The Sindh government has decided to establish a force within the transport department, based on the model ... Published 29 May, 2023 04:27am
Sindh: Six children drown in ponds KARACHI: As many as six children drowned while two others rescued in separate incidents in different districts of... Published 29 May, 2023 04:27am
PM congratulates Erdogan on re-election ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday congratulated Recep Tayyip Erdogan on his historic re-election as... Published 29 May, 2023 04:27am
Al-Khidmat, GCT join hands to boost literacy KARACHI: Al-Khidmat Foundation Pakistan and Green Crescent Trust (GCT) have agreed to work together to jointly ... Published 29 May, 2023 04:27am
Defence minister heaps praise on Nawaz SIALKOT: Minister for Defence, Khawaja Muhammad Asif on Sunday said 25 years ago on May 28th, Pakistan became a... Published 29 May, 2023 04:27am
Budget FY24: speakers urge KP govt to prioritise education PESHAWAR: Speakers at a pre-budget seminar on girls’ have urged the Khyber Pakhtunkhwa government to keep ... Published 29 May, 2023 04:27am
PUC convention terms: May 9 ‘black day’, describes attackers as ‘terrorists’ GUJRANWALA: The Pakistan Ulema Council (PUC) on Sunday convened the ‘Stability of Pakistan, Ulema-Mashaykh... Published 29 May, 2023 04:27am
Maryam thanks army for defending N-programme LAHORE: Pakistan Muslim League-Nawaz (PML-N) Senior Vice President Maryam Nawaz on Sunday thanked the Pakistan Army... Published 29 May, 2023 04:27am
Senate chief, Balochistan CM discuss BAP affairs QUETTA: Chairman Senate Muhammad Sadiq Sanjrani called on the Central President of Balochistan Awami Party (BAP),... Published 29 May, 2023 04:27am
Mushaal urges govt to highlight Yasin’s plight globally ISLAMABAD: Mushaal Hussein Mullick, the Chairperson of Peace and Culture Organisation and wife of jailed Kashmiri... Published 29 May, 2023 04:27am
Dr Seemin Jamali laid to rest KARACHI: Former Jinnah Hospital Postgraduate Medical Centre (JPMC) executive director Dr Seemin Jamali was laid to... Published 29 May, 2023 04:27am
Lahore Police has disbursed Rs1.44bn among 759 families since 2017: CCPO LAHORE: The Lahore Police have disbursed 1.4 billion rupees from its district welfare fund to provide financial aid... Published 29 May, 2023 04:27am
Rates Your rupee last week KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (May 22 to 26,... Published 29 May, 2023 04:27am
Rates Automart: car prices in Karachi KARACHI: The prices of different makes and models of cars prevailing in Karachi in the week ended Sunday (May 28,... Published 29 May, 2023 04:27am
Energy Sindh Cess Tax: OMAP writes letter to Ogra LAHORE: Oil Marketing Association of Pakistan on Sunday said imposition of the Sindh Cess Tax increases the... Published 29 May, 2023 04:27am
Companies Netflix expands password-sharing crackdown worldwide SAN FRANCISCO: Netflix on Tuesday expanded its crackdown on users sharing passwords with people beyond their... Published 29 May, 2023 04:27am
Stocks Wall Street Week Ahead: Debt ceiling deal may shift investor focus to further Fed action NEW YORK: A last-minute deal to raise the US $31.4 trillion debt ceiling will likely shift Wall Street’s attention... Published 29 May, 2023 04:27am
Stocks Wall Street surges on optimism about debt ceiling talks NEW YORK: Wall Street jumped on Friday following progress in negotiations on raising the US debt ceiling, while chip... Published 29 May, 2023 04:27am
Commodities Palm oil clocks weekly rise as El Nino stokes production concerns KUALA LUMPUR: Malaysian palm oil futures ended higher for a third straight day on Friday to log weekly gains on... Published 29 May, 2023 04:27am
Commodities Raw sugar, arabica coffee steady LONDON: Raw sugar and arabica coffee futures on ICE rose on Friday as the markets consolidated after plumbing more... Published 29 May, 2023 04:27am
Energy Oil prices edge higher as US closes in on debt deal HOUSTON: Oil prices ticked up on Friday as US officials appeared close to striking a debt ceiling deal, and as the... Published 29 May, 2023 04:27am
Commodities Copper gains but still heading for sixth straight weekly loss LONDON: Copper prices rose on Friday but remained on track for a sixth consecutive weekly loss amid lacklustre ... Published 29 May, 2023 04:27am
Stocks China stocks close flat with Sino-US tensions in focus SHANGHAI: China stocks closed flat on Friday with investor sentiment broadly subdued with market focus on Sino-US... Published 29 May, 2023 04:27am
Cotton & Textile Weekly Review: Prices of cotton remain stable KARACHI: The prices of cotton remained stable previous week, as trading volume remained low. Partial arrival of the... Published 29 May, 2023 04:27am
Energy Solar investment outshines oil: IEA PARIS: Investment in solar power is expected to overtake oil for the first time this year as clean energy spending... Published 29 May, 2023 04:27am
Stocks China allows Morgan Stanley to set up China futures unit SHANGHAI: China’s securities regulator said on Friday it had allowed Morgan Stanley to set up a China futures... Published 29 May, 2023 04:27am
Letters No more violations of constitution, please How ironic and disturbing it is that the government has ruled out negotiations with Pakistan Tehreek-e-Insaf (PTI)... Published 29 May, 2023 04:27am
Domestic and foreign savings: Government must cease reliance National savings rate is an important indicator of an economy’s financial health, and its identity with investment... Published 29 May, 2023 04:27am
The slow poisoning of economy? Some of the budget proposals circulating in the media — especially those recommended by the reforms and revenue... Updated 29 May, 2023 12:15pm
Governor for character-building efforts LAHORE: Inaugurating the ‘Ahsan Javed Science Innovation Center’ here at Aitchison College, Punjab Governor,... Published 29 May, 2023 04:27am
Rates PKR appreciates marginally KARACHI: The rupee appreciated marginally by 0.23% in the inter-bank market against the US dollar during the ... Published 29 May, 2023 04:27am
WB terms one component of KWSSIP ‘high risk’ ISLAMABAD: The World Bank has rated the $100 million worth of the Karachi Water and Sewerage Services Improvement... Updated 29 May, 2023 08:54am
PBS statement full of mistakes: economist ISLAMABAD: Realistic projections for the current year indicate that GDP growth will be negative 4 percent against... Updated 29 May, 2023 08:55am
SRO on ‘records of beneficial owners’ irks PBC ISLAMABAD: The Pakistan Business Council (PBC) has expressed serious concern over the Federal Board of Revenue’s... Updated 29 May, 2023 08:54am
Transportation of HSD: APL proposes to repurpose its Hub-ZOT pipeline ISLAMABAD: Asia Petroleum Limited (APL) has proposed repurposing its pipeline to transport High Speed Diesel (HSD)... Updated 29 May, 2023 09:03am
Budget FY2023-24: PM not putting economic slump into perspective? Constitutes a nine-member committee to propose pro-poor measures in Federal Budget 2023-24 Updated 29 May, 2023 12:48pm
Govt to share budget details with IMF to unlock funds: Dar ISLAMABAD: Finance Minister Ishaq Dar said on Sunday the country will share its upcoming budget details with the... Updated 29 May, 2023 09:01am
Accumulated profits: Proposed advance tax may be challenged in courts ISLAMABAD: The advance tax on companies’ accumulated profits proposed by the Reform and Revenue Mobilisation... Updated 29 May, 2023 09:04am
Rates PSX witnesses negative trend KARACHI: Pakistan Stock Exchange witnessed negative trend during the outgoing week due to selling on investor... Published 29 May, 2023 04:27am
Rates Futures spread down 2188bps KARACHI: The futures spread declined by 2188bps to 9.90 percent on the last day of the outgoing week. Trading... Published 29 May, 2023 04:27am
Taxes FBR urged to address errors, omissions thru finance bill ISLAMABAD: Tax experts have urged the Federal Board of Revenue (FBR) to correct the errors and omissions of earlier... Published 29 May, 2023 04:27am
Companies Asia-focused HSBC puts 12 countries on exit watchlist LONDON: HSBC is reviewing a possible exit from as many as 1 in 5 of the countries the lender operates in to sharpen... Published 29 May, 2023 04:27am
Companies Taiwanese chip giant TSMC mulls German plant SCHIPHOL (Netherlands): Taiwanese chip giant TSMC is deciding whether to build a factory in Germany in a bid to ... Published 29 May, 2023 04:27am
Companies Russian energy giant Gazprom posts big drop in profit MOSCOW: Russian energy giant Gazprom, whose gas exports have plummeted in the wake of the Ukraine conflict, said... Published 29 May, 2023 04:27am
Companies Lufthansa clinches deal for minority stake in ITA Airways ROME: Lufthansa will take a 41% stake in ITA Airways by way of a 325 million euro ($358 million) capital increase... Published 29 May, 2023 04:27am
Companies Citi plans IPO for Mexican unit Banamex NEW YORK: Citi announced Wednesday that it will launch an initial public offering of its Mexican business Banamex,... Published 29 May, 2023 04:27am
Companies Deutsche Bank used big trades to raise cash in March turmoil Francesco Canepa and Tom Sims FRANKFURT: As banks came under mounting pressure in March, Deutsche Bank used big trades to give its cash buffers a... Published 29 May, 2023 04:27am
Money & Banking Private equity steps up lending as US banks pull back NEW YORK: The turmoil facing US regional banks has prompted some lenders to step back, leaving space for investors... Published 29 May, 2023 04:27am
Money & Banking Dollar set for third week of gains as US debt talks loom large WASHINGTON: The dollar was set for a third straight weekly gain on Friday, as markets raised bets on... Published 29 May, 2023 04:27am
Eurozone economic growth slows in May BRUSSELS: Economic growth in the eurozone edged down in May to a three-month low because of a drop in industrial... Published 29 May, 2023 04:27am
Majority of British firms cautious on new investments in China BEIJING: A majority of British companies are taking a “wait and see approach” on new investments in China amid... Published 29 May, 2023 04:27am
Turkey’s economy grew 3.9pc in Q1 ISTANBUL: Turkey’s economy is expected to have expanded 3.9% in the first quarter, a Reuters poll showed on ... Published 29 May, 2023 04:27am
Companies AkzoNobel launches new Dulux weathershield powerflexx LAHORE: AkzoNobel Pakistan Ltd, a leading global manufacturer of paints and coatings, has launched the upgraded ... Published 29 May, 2023 04:27am
Prices of kitchen items show modest decline PESHAWAR: A nominal decrease in prices of important kitchen items, except sugar, pulses, vegetables and others was... Published 29 May, 2023 04:27am
Industry SBP, FPCCI to jointly work on various socio-economic schemes PESHAWAR: State Bank of Pakistan (SBP) and Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Khyber... Published 29 May, 2023 04:27am
Economy shrinks EDITORIAL: Federal Finance Minister Ishaq Dar’s optimistic evaluation of the state of the economy with a visiting... Published 29 May, 2023 04:27am