China plans to introduce fastest bullet train soon KARACHI: China, with the largest high-speed rail network in the world, has planned to introduce its fastest bullet... Published 07 Jul, 2023 05:24am
Israel strikes Lebanon after mortar fire GHAJAR: The Israeli army said Thursday it struck southern Lebanon after a mortar round launched from its northern... Published 07 Jul, 2023 05:24am
Tens of millions sign up to Twitter rival Threads WASHINGTON: More than 30 million people have downloaded Threads, Meta’s rival to Twitter, within the first few... Published 07 Jul, 2023 05:24am
UN urges end to arms, currency supplies to Myanmar junta GENEVA: The United Nations on Thursday urged the international community to deny Myanmar’s junta access to foreign... Published 07 Jul, 2023 05:24am
Climate change, El Nino drive hottest June on record PARIS: The world saw its hottest June on record last month, the EU’s climate monitoring service said Thursday, as... Published 07 Jul, 2023 05:24am
Petition seeking dissolution of PTI filed in SC ISLAMABAD: The Supreme Court was asked to declare the acts of Pakistan Tehreek-e-Insaf (PTI), its chairman,... Published 07 Jul, 2023 05:24am
Pakistan, China committed to continued CPEC expansion: FO ISLAMABAD: Pakistan on Thursday said that – being a framework of regional connectivity – China-Pakistan Economic... Published 07 Jul, 2023 05:24am
Pakistan committed to implementation of Indus Waters Treaty: FO ISLAMABAD: The Foreign Office on Thursday said that Pakistan remained fully committed to the implementation of the... Published 07 Jul, 2023 05:24am
LHC grants bail to IK, wife in 2 cases LAHORE: The Lahore High Court on Thursday confirmed the pre-arrest bail of PTI Chairman Imran Khan and his wife... Published 07 Jul, 2023 05:24am
Leaders of religious minorities condemn sacrilege of Holy Qur'an KARACHI: Leaders of the different religious minorities on Thursday condemned the Swedish sacrilege of the Holy... Published 07 Jul, 2023 05:24am
KW&SB will be given magisterial powers, says Mayor KARACHI: Mayor Karachi, Barrister Murtaza Wahab Thursday said the Karachi Water and Sewerage Board (KW&SB) will... Published 07 Jul, 2023 05:24am
IHC dismisses LTO Islamabad plea ISLAMABAD: The Islamabad High Court (IHC) has dismissed a writ petition moved by the Large Taxpayers Office,... Published 07 Jul, 2023 05:24am
IG Punjab pins ranks of inspectors to 52 police officers LAHORE: Inspector General Police Punjab, Dr. Usman Anwar has said that timely promotion is the basic right of every... Published 07 Jul, 2023 05:24am
Health dept issues alert across Punjab after rains spell LAHORE: Following the massive spells of rains across province, the Punjab health department has issued an alert for... Published 07 Jul, 2023 05:24am
Destruction of foreign-origin smuggled goods worth Rs800m carries out KARACHI: The Customs Intelligence and Investigation Department has carried out the destruction of a massive quantity... Published 07 Jul, 2023 05:24am
CM pays visit to SGR hospital LAHORE: The caretaker Punjab Chief Minister Syed Mohsin Naqvi Thursday visited Ganga Ram Hospital, to enquire about... Published 07 Jul, 2023 05:24am
ATC extends judicial remand of 17 PTI leaders LAHORE: An Anti-Terrorism Court on Thursday extended the judicial remand of 17 PTI leaders and workers including... Published 07 Jul, 2023 05:24am
APNS nominate Awais Khushnood as Punjab Provincial Committee head KARACHI: The President, Nazafreen Saigol Lakhani and the Secretary General, Sarmad Ali of the All Pakistan ... Published 07 Jul, 2023 05:24am
Alvi appoints Justice Ibrahim as PHC acting CJ ISLAMABAD: President Dr Arif Alvi on Thursday appointed Justice Muhammad Ibrahim Khan as Acting Chief Justice of the... Published 07 Jul, 2023 05:24am
Ahmad Jawad facilitates Zaka Ashraf as Chairman PCB LAHORE: Vice President of Pakistan Business Forum (PBF) Chaudhry Ahmad Jawad on Thursday facilitated Chaudhry Zaka... Published 07 Jul, 2023 05:24am
14 injured as roof of marriage hall collapses LAHORE: As many as 14 people were injured after a roof of a marriage hall fell onto the waiting area of Mozang... Published 07 Jul, 2023 05:24am
Senate body told ‘No candidate met requirements for appointment as chair in Iran’ ISLAMABAD: The Senate Standing Committee on Federal Education and Professional Training was informed on Thursday ... Published 07 Jul, 2023 05:24am
15 cases of fake doctors: Challans filed against 260 PIA employees, Senate body told ISLAMABAD: The Federal Investigation Agency (FIA), Thursday, informed the Senate Standing Committee on Aviation that... Published 07 Jul, 2023 05:24am
The Weather KARACHI: The weather report on Thursday (July 06, 2023) and the forecast for Friday (July 07, 2023)... Published 07 Jul, 2023 05:24am
Jahangir Tareen’s brother dies due to suicide? LAHORE: Jahangir Tareen’s brother and owner of Pakistan Super League (PSL) franchise Multan Sultans, Alamgir... Published 07 Jul, 2023 05:24am
US, UK: Dar seeks early legislation for resumption of PIA flights ISLAMABAD: Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar on Thursday instructed the relevant... Published 07 Jul, 2023 05:24am
Apex court observes SC (Review of Judgments and Orders) Act, 2023 not applied to cases decided under Article 185 ISLAMABAD: The apex court observed that the Supreme Court (Review of Judgments and Orders) Act, 2023 is not applied... Published 07 Jul, 2023 05:24am
Army officer martyred DERA ISMAIL KHAN: Terrorists martyred an army officer on Thursday during a gun battle in a tribal district close to... Published 07 Jul, 2023 05:24am
ECP issues non-bailable arrest warrant for Fawad Chaudhry ISLAMABAD: The poll body has issued non-bailable arrest warrant for former Pakistan Tehreek-e-Insaf (PTI) leader... Published 07 Jul, 2023 05:24am
Toshakhana case: IK asked to appear before court today ISLAMABAD: A local court on Thursday approved former prime minister Imran Khan’s exemption plea in the Toshakhana... Published 07 Jul, 2023 05:24am
PCB’s MC chair: Zaka assumes charge LAHORE: Emphasising the need for bringing transparency in the affairs of the cricket board, Pakistan Cricket... Published 07 Jul, 2023 05:24am
Nawaz subjected to political victimisation: court LAHORE: An accountability court has observed in its order that the record reflected that Nawaz Sharif was subjected... Published 07 Jul, 2023 05:24am
PARTLY FACETIOUS:‘The Pakistani Gang of Four’ “The air waves are inundated with the Panama papers these days.” “Indeed, I reckon to smooth the path towards... Published 07 Jul, 2023 05:24am
Industrial workers: ‘Automated online system for approval of Social Security grants is being launched’ FAISALABAD: The Secretary Labour & Human Resource Department Punjab Faisal Farid has said that an automated... Published 07 Jul, 2023 05:24am
Church leaders strongly condemn Quran desecration in Sweden LAHORE: The senior leadership of the Church of Pakistan strongly condemns the desecration of the Holy Quran by an... Published 07 Jul, 2023 05:24am
Stocks HK, China stocks drop on hawkish FED SHANGHAI: Hong Kong stocks fell 3 percent on Thursday, tracking weakness in regional markets after confirmation of a... Published 07 Jul, 2023 05:24am
Stocks Wall St slides as labour data stokes rate hike fears NEW YORK: Wall Street tumbled on Thursday, pressured by a jump in US treasury yields after data signaling a ... Published 07 Jul, 2023 05:24am
Unaddressed economic challenges The debate and anxiety throughout Pakistan in the aftermath of the stalled Extended Fund Facility (EFF) programme... Updated 07 Jul, 2023 05:59am
Climate change crisis and multilateralism ‘I played a key role as chair of the African Union during the Covid period. We felt like we were beggars when it... Updated 07 Jul, 2023 06:04am
Letters Coal: better late than never According to a Business Recorder news item, “K-Electric (KE) has submitted a business case of conversion of unit-1... Published 07 Jul, 2023 05:24am
Patient safety: SHCC steps up efforts KARACHI: Sindh Health Care Commission (SHCC) has intensified its efforts to address concerns regarding the quality ... Published 07 Jul, 2023 05:24am
Sharjeel for timely completion of Red Line BRT project KARACHI: Minister for Information, Transport, and Mass Transit, Sharjeel Inam Memon, has emphasized the need to ... Published 07 Jul, 2023 05:24am
Kabeer Naqvi appointed PMN’s new Chairman ISLAMABAD: The Pakistan Microfinance Network (PMN) is delighted to announce the appointment of its newly elected... Published 07 Jul, 2023 05:24am
Retrospective tax on windfall income discourages corporatization—I A new Section 99D has been introduced in the Income Tax Ordinance 2001 (“ITO”) through the Finance Act 2023... Updated 07 Jul, 2023 06:10am
Sherry for urgency to respond to challenges posed by climate change ISLAMABAD: Pakistan has endured a “relentless series of natural calamities ranging from forest fires and heatwaves... Published 07 Jul, 2023 05:24am
Gulf Cooperation Council: SAU offers technical support to create investment opportunities HYDERABAD: SAU has offer technical support to create investment opportunities for Gulf Cooperation Council countries... Published 07 Jul, 2023 05:24am
Punjab Healthcare, Population Welfare depts join hands LAHORE: Punjab Primary and Secondary Healthcare department and the provincial Population Welfare department joined... Published 07 Jul, 2023 05:24am
Rates LME official prices LONDON: The following were Wednesday official prices. ========================================= ALUMINIUM... Published 07 Jul, 2023 05:24am
Rates Shipping Intelligence KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 06, 2023).... Published 07 Jul, 2023 05:24am
Rates Revised Rates of Debt Securities KARACHI: The following were the revised rates of debt securities on Thursday (July 06, 2023).... Published 07 Jul, 2023 05:24am
Rates Cross Transactions between Client to Client & Financial Institutions KARACHI: The following were the cross transactions between client to client & financial institutions here on... Published 07 Jul, 2023 05:24am
Rates Member to Member KARACHI: The following transactions member to member subsequently reported on Thursday (July 06, 2023).... Published 07 Jul, 2023 05:24am
Stocks NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL) KARACHI: National Clearing Company declares daily settlement information for local & foreign investors on... Published 07 Jul, 2023 05:24am
Rates BRIndex100 and BR Sectoral Indices KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (July 06, 2023). ==================================== BR... Published 07 Jul, 2023 05:24am
Rates BOARD MEETINGS KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange.... Published 07 Jul, 2023 05:24am
Stocks Last date of renunciation/payment KARACHI: Last dates of renunciation/payment.... Published 07 Jul, 2023 05:24am
Rates Proposed right issues KARACHI: Right issues proposed by companies listed on Pakistan Stock Exchange.... Published 07 Jul, 2023 05:24am
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 07 Jul, 2023 05:24am
Rates Blue chips lead rally KARACHI: Pakistan Stock Exchange Thursday witnessed a bullish trend and closed on strong positive note with healthy... Published 07 Jul, 2023 05:24am
1,320MW Shanghai Thar Coal Block-1: Financial closure in peril as ICBC decides to withdraw $300m financing ISLAMABAD: The financial closure of 1,320 MW Shanghai Thar Coal Block-1 is reportedly in trouble as Industrial and... Updated 07 Jul, 2023 08:58am
Q1FY24: Cash-strapped govt to borrow record Rs11trn KARACHI: In the absence of sufficient foreign inflows, the federal government has planned to borrow over Rs 11... Updated 07 Jul, 2023 09:07am
Desecration of Holy Quran in Sweden: Parliamentarians express deep anguish ISLAMABAD: The joint sitting of parliament on Thursday strongly condemned the desecration of the Holy Quran by a man... Updated 07 Jul, 2023 09:03am
PM urges Guterres to convene urgent meeting ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday said the desecration of Holy Quran was an attempt to create... Updated 07 Jul, 2023 08:57am
Renewable energy: MoU signed with UAE ISLAMABAD: A memorandum of understanding (MoU) was signed between Pakistan and the United Arab Emirates (UAE) in the... Updated 07 Jul, 2023 09:04am
Designs of two hydropower projects: PCA accepts Pakistan’s petition against India ISLAMABAD: The Hague-based Permanent Court of Arbitration (PCA) has accepted Pakistan’s position that it had... Updated 07 Jul, 2023 08:59am
Cotton & Textile APTMA urges Primark to open office in Pakistan LAHORE: The All Pakistan Textile Mills Association (APTMA) has invited Primark, an international fashion retailer,... Updated 07 Jul, 2023 11:21am
Grains Global rice prices set to rally further MUMBAI: Global rice prices, now at their highest in 11 years, are set to rally further after India moved to boost... Published 07 Jul, 2023 05:24am
Commodities Corn production will rise in amid US trade tensions: Mexico MEXICO CITY: Mexico’s corn production is estimated at about 28.5 million metric tons this year, its agriculture... Published 07 Jul, 2023 05:24am
Energy US crude inventories fall more than expected: EIA HOUSTON: US crude stocks, gasoline and distillate inventories fell last week, the Energy Information Administration... Published 07 Jul, 2023 05:24am
Commodities Asia coffee: Vietnam domestic prices fall HANOI: Vietnam’s domestic coffee prices fell this week, tracking a drop in the London market, while premiums rose... Published 07 Jul, 2023 05:24am
Energy US oil, gas production set to turn down LONDON: US oil and gas production continued to trend higher through April – a delayed response to very high prices... Published 07 Jul, 2023 05:24am
Rates Activities of Karachi Port and Port Qasim KARACHI: The Karachi Port Trust handled 92,200 tonnes of cargo comprising 82,022 tonnes of import cargo and 10,268... Published 07 Jul, 2023 05:24am
Commodities PMEX daily trading report KARACHI: On Wednesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 18.493... Published 07 Jul, 2023 05:24am
Cotton & Textile Cotton spot rates KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday (July 06, 2023)... Published 07 Jul, 2023 05:24am
Cotton & Textile Cotton spot rate recovers Rs200 per maund LAHORE: The Spot Rate Committee of the Karachi Cotton Association (KCA) on Thursday increased the spot rate by Rs ... Published 07 Jul, 2023 05:24am
Energy Oil drops 1pc as market frets about risk of US rate hike NEW YORK: Oil prices fell over 1 percent on Thursday as the market digested the higher likelihood of a US interest... Published 07 Jul, 2023 05:24am
Commodities Copper falls on weak global growth outlook LONDON: Copper prices in London fell on Thursday, under pressure from a weak global economic growth outlook and ... Published 07 Jul, 2023 05:24am
Energy Oil industry should set carbon targets at COP28 VIENNA: The world’s oil and gas companies should set targets to cut greenhouse gas emissions by 2030 at the... Published 07 Jul, 2023 05:24am
Commodities Gold prices on upward march KARACHI: Gold prices on Thursday continued to grow on the local market, traders said. The rates of yellow metals ... Published 07 Jul, 2023 05:24am
Grains Lahore Grain Market Rates LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (July 06, 2023)... Published 07 Jul, 2023 05:24am
Paper Lahore Paper Market Rates LAHORE: Paper market rates in rupees on Thursday (July 06, 2023). ======================================= Offset... Published 07 Jul, 2023 05:24am
Forex Dollar's rate in interbank market KARACHI: Interbank closing rates for dollar on Thursday (July 06, 2023). ======================== Open Bid Rs... Published 07 Jul, 2023 05:24am
Forex Kerb buying and selling rate of US dollar KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (July 06, 2023).... Published 07 Jul, 2023 05:24am
Forex Currency values in terms of Special Drawing Rights WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special... Published 07 Jul, 2023 05:24am
Forex Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Thursday (July 06,... Published 07 Jul, 2023 05:24am
Projects worth Rs18bn launched: PM sets his sights on KP ahead of polls Announces establishment of a Danish School as well as two colleges in the remote district of Khyber Pakhtunkhwa Updated 07 Jul, 2023 09:06am
Development projects: Finance unveils strategy on release of funds ISLAMABAD: The Ministry of Finance on Thursday unveiled the strategy for the release of funds for the development... Updated 07 Jul, 2023 09:02am
Basis for fixation of base tariff: Rupee could hit 325 mark vs dollar by June 2024: PD ISLAMABAD: The Power Division is said to have projected that Pak rupee could touch Rs 325 per US$ by June 2024,... Updated 07 Jul, 2023 09:03am
Around $100m debt: Pakistan, Italy agree on ‘PIDSA’ timeline extension ISLAMABAD: Pakistan and Italy reached an agreement to extend the timeline of the Pakistan-Italian Debt Swap... Updated 07 Jul, 2023 08:56am
SBP’s reserves up KARACHI: The State Bank of Pakistan’s forex reserves further increased by $ 393 million to $4.463 billion at the... Published 07 Jul, 2023 05:24am
Lockers: some banks reluctant to honour claims related to vandalism? LAHORE: Despite clear instructions from the State Bank of Pakistan (SBP), some banks are reluctant to honour the... Published 07 Jul, 2023 05:24am
USF, Ignite: minister approves Rs21.242bn annual budget ISLAMABAD: Federal Minister for IT and Telecommunication Syed Aminul Haque chaired the Universal Service Fund (USF)... Published 07 Jul, 2023 05:24am
LCCI holds seminar on federal budget 2023-24 LAHORE: The Lahore Chamber of Commerce & Industry (LCCI) held a significant seminar titled “Post Budget ... Published 07 Jul, 2023 05:24am
Money & Banking Dollar rebounds NEW YORK: The dollar rebounded on Thursday after private payrolls and unemployment benefits reports indicated the US... Published 07 Jul, 2023 05:24am
The battle for TERF EDITORIAL: Temporary Economic Refinance Facility (TERF) was a concessionary finance scheme that was offered to... Updated 07 Jul, 2023 11:01am
Misuse of Sehat Card EDITORIAL: It seems you can always count on the crooked and the corrupt to hijack and subvert the few pro-people... Published 07 Jul, 2023 05:24am
Industry TDAP, DPP conduct online on-the-spot video inspection of cherry orchards KARACHI: Agro & Food Division of TDAP in collaboration with DPP conducted online on spot video inspection of the... Published 07 Jul, 2023 05:24am
OPEC upbeat over 2024 oil demand outlook despite slowdown VIENNA: OPEC will likely maintain an upbeat view on oil demand growth for next year when it publishes its first... Published 07 Jul, 2023 05:24am
Companies TPL maps helping Pakistani businesses curb mobility woes LAHORE: As technology advances, so does the way we use and interact with our applications. One of the biggest... Published 07 Jul, 2023 05:24am
Money & Banking Some banks reluctant to honour claims related to vandalism of lockers LAHORE: Despite clear instructions from the State Bank of Pakistan (SBP), some banks are reluctant to honour the... Published 07 Jul, 2023 05:24am