US should keep open trade, work with China: IMF WASHINGTON: The US would be better served by maintaining its open trade system rather than imposing new punitive... Published 17 May, 2024 05:50am
Geopolitical tensions threaten eurozone stability: ECB FRANKFURT, (Germany): Geopolitical tensions and policy uncertainty in a year featuring many elections worldwide... Published 17 May, 2024 05:50am
AL calls for UN peacekeepers in Palestinian territories MANAMA: The Arab League on Thursday called for a UN peacekeeping force in the Palestinian territories and an... Published 17 May, 2024 05:50am
Xi, Putin hail ties as ‘stabilising’ force in chaotic world BEIJING: Leaders Xi Jinping and Vladimir Putin framed their nations’ ties as a stabilising force in a chaotic ... Published 17 May, 2024 05:50am
15 EU states push to send asylum seekers to third countries BRUSSELS (Belgium): Fifteen EU states want “new ways” to handle irregular migrants, including sending some to... Published 17 May, 2024 05:50am
Governor says Karachi no longer ‘economic hub’ of country KARACHI: Governor Sindh Kamran Khan Tessori has said that the megacity has lost its status of being Pakistan’s... Published 17 May, 2024 05:50am
SSGC’s operation against gas theft continues KARACHI: SSGC’s relentless pursuit of gas theft miscreants is gaining momentum as more than 235 illegal ... Published 17 May, 2024 05:50am
Sindh, Unicef agree to launch child protection plan KARACHI: Sindh Chief Minister Syed Murad Ali Shah and Unicef Country Representative Abdullah A Fadil in their ... Published 17 May, 2024 05:50am
PTA announces 6GHz for unlicensed RLAN operations ISLAMABAD: The Pakistan Telecommunication Authority (PTA) announced 6 Gigahertz (GHz) spectrum band for unlicensed... Updated 21 May, 2024 05:24pm
Petition against Dar as Deputy PM dismissed LAHORE: The Lahore High Court on Thursday dismissed a petition against Foreign Minister Ishaq Dar for his... Published 17 May, 2024 05:50am
Pakistan, UK commit to arms control, disarmament & non-proliferation ISLAMABAD: Pakistan and the United Kingdom have expressed their commitment to further enhance coordination on... Published 17 May, 2024 05:50am
People involved in enforced disappearances: Justice Kayani says there should be legislation to award death penalty ISLAMABAD: Justice Mohsin Akhtar Kayani, a judge of Islamabad High Court (IHC), Thursday, said that there should be... Published 17 May, 2024 05:50am
JI opposes idea of fresh polls KARACHI: Jamaat-e-Islami (JI) Pakistan Amir Engr Hafiz Naeemur Rehman, on Thursday, dismissed demands for fresh... Published 17 May, 2024 05:50am
Abuse of dominant position: IHC allows CCP to proceed with probe against firm ISLAMABAD: The Islamabad High Court has allowed the Competition Commission of Pakistan (CCP) to proceed with its... Published 17 May, 2024 05:50am
Minister announces interest-free loans for farmers LAHORE: To support farmers and families of deceased employees, Punjab Finance Minister Mujtaba Shuja-ur-Rehman has... Published 17 May, 2024 05:50am
Rural health unit in Phoolnagar opened: Corruption in wheat procurement process brought to an end: CM LAHORE: Chief Minister Punjab Maryam Nawaz Sharif said on Thursday that there is no wheat crisis in the province and... Published 17 May, 2024 05:50am
JI chief slams Punjab govt’s ‘package’ for farmers LAHORE: Chief of Jamaat-e-Islami Hafiz Naeem ur Rehman has criticized the Punjab government’s farmer package as... Published 17 May, 2024 05:50am
‘Maryam Ki Dastak’: Punjab govt launches registration of ‘facilitators’ LAHORE: To provide a range of public services directly at the people’s doorsteps, the Punjab government launched... Published 17 May, 2024 05:50am
27 electric buses to be in operation in Lahore by end-year: minister LAHORE: The government announced in the Punjab Assembly that electric and hybrid buses would be operated in Lahore... Published 17 May, 2024 05:50am
Industries, CNG stations: SSGC announces 24hr gas holiday in Sindh KARACHI: Sui Southern Gas Company (SSGC) has announced 24-hours gas holiday for all industries including their power... Published 17 May, 2024 05:50am
JAC concerned at Punjab defamation bill, digital media authority KARACHI: The Joint Action Committee (JAC) expressed serious concern over the proposed Punjab Defamation Bill 2024 in... Published 17 May, 2024 05:50am
Orange Line, Green Line systems merged: Sharjeel inaugurates ‘Orange Line Extension’ in Orangi Town KARACHI: The Orange Line Extension, integrating the Orange Line and Green Line BRT systems, has been inaugurated by... Published 17 May, 2024 05:50am
Chaos in NA after ‘foul language’ used against a woman MP ISLAMABAD: The lower house of parliament witnessed chaos and exchange of verbal insults on Thursday after Tariq... Published 17 May, 2024 05:50am
Court seeks arguments on IK, Bushra’s bail pleas on 20th ISLAMABAD: The court on Thursday sought arguments on Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan’s bail plea... Published 17 May, 2024 05:50am
Court reserves verdict on IK’s acquittal plea in two cases ISLAMABAD: A local court on Thursday reserved its verdict on the acquittal plea of Pakistan Tehreek-e-Insaf (PTI)... Published 17 May, 2024 05:50am
SC takes suo motu on Vawda’s press conference ISLAMABAD: The Supreme Court on Thursday took suo motu on the press conference of Senator Faisal Vawda in which he... Published 17 May, 2024 05:50am
The Weather KARACHI: The weather report on Thursday (May 16, 2024) and the forecast for Friday (May 17, 2024)... Published 17 May, 2024 05:50am
Rates Stocks hit new peak KARACHI: Pakistan Stock Exchange on Thursday witnessed a mixed trend and after moving in both directions, closed on... Published 17 May, 2024 05:50am
NAO amendments case: Hearing adjourned without allowing IK to speak ISLAMABAD: The Supreme Court adjourned the hearing of amendments in the National Accountability Ordinance (NAO) for... Published 17 May, 2024 05:50am
Within premises of courtroom: IHC bars entry of intel agencies operatives ISLAMABAD: The Islamabad High Court (IHC), Thursday, barred the entry of operatives of intelligence agencies within... Published 17 May, 2024 05:50am
Third-party validation report of federal Sehat Sahulat Programme launched ISLAMABAD: The Prime Minister’s Coordinator on National Health Services and Regulations, Dr Mukhtar Ahmad Bharath,... Published 17 May, 2024 05:50am
Planning educational emergency ‘What the best and wisest parents wants for his own child, that must the community want for all of its children.... Published 17 May, 2024 05:50am
Fundamental reforms for survival Pakistan is persistently confronting economic challenges, the resolution of which hinge on IMF’s new programme,... Published 17 May, 2024 05:50am
Rates Activities at Karachi Port Trust and Port Qasim KARACHI: The Karachi Port Trust handled 150,003 tonnes of cargo comprising 84,307 tonnes of import cargo and 65,696... Published 17 May, 2024 05:50am
PARTLY FACETIOUS: Who’s Tom Taraba? “I heard our GPS called Tom Taraba.” “Remind me who GPS is and who in the world is Tom Taraba?” “GPS is ... Published 17 May, 2024 05:50am
Stocks Dow breaches 40,000 mark, notching fresh all-time high NEW YORK: The Dow crossed the 40,000 level for the first time on Thursday, notching a fresh all-time high and ... Published 17 May, 2024 05:50am
Stocks European shares snap nine-day winning streak PARIS: European shares snapped a nine-day winning streak on Thursday, weighed by Germany’s Siemens after a... Published 17 May, 2024 05:50am
Stocks China, HK stocks end higher as property share sentiment improves SHANGHAI: Chinese stocks closed higher on Thursday, led by property and financial shares, as sentiment improved ... Published 17 May, 2024 05:50am
Stocks Mahindra & Mahindra lift Indian shares to best session in over 2 weeks BENGALURU: Indian shares advanced on Thursday, led by information technology stocks after softer-than-expected US... Published 17 May, 2024 05:50am
Letters The treachery of current Indian leadership Iran and India signing a contract to develop and equip the long-stalled Chabahar port in an agreement that would ... Published 17 May, 2024 05:50am
Pakistan’s economic crossroads The socialist idea of central planning, which leads to a closed economy, has been followed by neoliberalism and... Updated 17 May, 2024 06:12am
Rates LME official prices LONDON: The following were Wednesday official prices. ========================================= ALUMINIUM... Published 17 May, 2024 05:50am
Rates Kibor interbank offered rates KARACHI: Kibor interbank offered rates on Thursday (May 16, 2024). ========================== KIBOR... Published 17 May, 2024 05:50am
Forex Dollar's rate in interbank market KARACHI: Interbank closing rates for dollar on Thursday (May 16, 2024). ======================== Open Bid Rs... Published 17 May, 2024 05:50am
Forex Kerb buying and selling rate of US dollar KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (May 16, 2024).... Published 17 May, 2024 05:50am
Rates Shipping Intelligence KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (May 16, 2024).... Published 17 May, 2024 05:50am
Grains Lahore Grain Market Rates LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (May 16, 2024)... Published 17 May, 2024 05:50am
Paper Lahore Paper Market Rates LAHORE: Paper market rates in rupees on Thursday (May 16, 2024). ======================================= Offset... Published 17 May, 2024 05:50am
Rates BRIndex100 and BR Sectoral Indices KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (May 16, 2024). ==================================== BR... Published 17 May, 2024 05:50am
Finally, PM reaches out to Kashmiris MUZAFFARABAD: Prime Minister Shehbaz Sharif on Thursday said that no so-called legislation or court verdicts could... Updated 17 May, 2024 09:32am
PM for implementation of ‘understanding’ with AJK Prime Minister Shehbaz Sharif on Thursday said that the progress of Pakistan and Azad Jammu and Kashmir was linked... Updated 17 May, 2024 10:44am
FATA, PATA regions: No law under study to grant tax relief: Aurangzeb ISLAMABAD: Federal Minister for Finance Senator Muhammad Aurangzeb said there is no legislation under government... Updated 17 May, 2024 09:07am
High-quality B&R cooperation: Pakistan, China agree to deepen Beijing’s steps ISLAMABAD: Pakistan and China have agreed to deepen and substantiate Beijing’s eight major steps to support... Updated 17 May, 2024 09:08am
Petroleum leases, licences: Ex-SAPM’s order cost exchequer Rs1.2bn: AGP ISLAMABAD: The Auditor General for Pakistan (AGP) has pointed out that due to the interference of the former Special... Updated 17 May, 2024 09:27am
Rs63bn taxes/duties collected: DIRBS registers all GSMA-valid mobile devices ISLAMABAD: The Device Identification Registration and Blocking System (DIRBS) registered all GSMA-valid mobile... Published 17 May, 2024 05:50am
Energy Nepra urged to revise NAPP upward like other solar projects ISLAMABAD: A Karachi-based Roof-Top residential solar net metering group has urged the National Electric Power... Published 17 May, 2024 05:50am
Energy KE leads discussion on renewable energy trajectory KARACHI: Although Pakistan continues to grapple with its energy challenges, the nation has been actively... Published 17 May, 2024 05:50am
Cotton & Textile Faisalabad Yarn and Fiber Prices FAISALABAD: Yarn Market Rates on Thursday (May 16, 2024) =========================== 6/S-7/S (COTTON)... Published 17 May, 2024 05:50am
Commodities Japanese rubber futures rise SINGAPORE: Japanese rubber futures logged a four-day rally on Thursday amid weather concerns in top producer ... Published 17 May, 2024 05:50am
Energy Oil prices make gains NEW YORK: Oil futures rose on Thursday on a stabilizing US job market and slower-than-expected inflation data, which... Published 17 May, 2024 05:50am
Commodities Asia rice: Thai rates surge on tight supply BENGALURU /MUMBAI/BANGKOK/HANOI: Thailand’s rice export prices rose to a more than three-month peak this week,... Published 17 May, 2024 05:50am
Commodities PMEX daily trading report KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 28.178... Published 17 May, 2024 05:50am
Commodities Gold eases off as dollar regains ground BENGALURU: Gold prices pulled back after earlier touching a near one-month high on Thursday as the dollar inched up,... Published 17 May, 2024 05:50am
Commodities CME copper near record high LONDON: Copper prices on the Chicago Mercantile Exchange hovered near record highs on Thursday as buyers piled in... Published 17 May, 2024 05:50am
Cotton & Textile Cotton spot rates KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (May 16, 2024)... Published 17 May, 2024 05:50am
Cotton & Textile Cotton market: Buyers conspicuous by their absence LAHORE: The local cotton market remained bearish on Thursday and trading volume remained low. Cotton Analyst Naseem... Published 17 May, 2024 05:50am
Commodities Iron ore rebounds on talks of China property stimulus BEIJING: Iron ore futures prices rebounded on Thursday as news of authorities in top consumer China considering... Published 17 May, 2024 05:50am
Commodities Chicago wheat futures up on renewed worries CANBERRA/PARIS: Chicago wheat futures rose on Thursday on worries about frost-related crop losses in top exporter... Published 17 May, 2024 05:50am
Commodities Mangoes: exporters set 100,000 MT target KARACHI: The All Pakistan Fruit and Vegetable Exporters Association has set a target of 100,000 metric tons of mango... Published 17 May, 2024 05:50am
Commodities Gold prices track global surging trend KARACHI: Gold on Thursday became further costlier on the local market with the global bullion value again nearing ... Published 17 May, 2024 05:50am
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 17 May, 2024 05:50am
Forex Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Exchange Companies Association of Pakistan on... Published 17 May, 2024 05:50am
Borrowings, mark-up payments: Policy rate hike pushed up FY23 cost The expenditure on mark-up payments was Rs5,696 billion in fiscal year 2022-23 against Rs3,950 billion estimated in the budget Updated 17 May, 2024 09:44am
Immovable properties: Hike in advance tax on purchase likely Taxation on real estate discussed during ongoing meetings between FBR and IMF Updated 17 May, 2024 11:39am
Jul-Apr textile group exports down 0.19pc to $13.683bn YoY ISLAMABAD: The country’s textile group exports declined by around 0.19 per cent during the first 10 months... Published 17 May, 2024 05:50am
MoF asked to make CPEC SEZs tax-free ISLAMABAD: The federal cabinet has directed Finance Ministry to clear dividends owed to Chinese firms operating in... Updated 17 May, 2024 09:05am
Public debt soars to Rs39.7trn, NA told ISLAMABAD: The external debt was recorded at $86.36 billion and domestic debt was recorded at Rs39.7 trillion of the... Updated 17 May, 2024 12:39pm
Govt intends to convert 3 imported coal-run power plants to Thar coal ISLAMABAD: The government intends to convert three plants running on imported coal to Thar coal after taking Chinese... Updated 17 May, 2024 09:24am
Exchange rate adjustment: Ogra endorses PSO’s claim ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has endorsed Pakistan State Oil’s claim for an exchange rate... Updated 17 May, 2024 09:11am
Budget: APCPC demands govt consult business community ISLAMABAD: All Pakistan Chambers Presidents Conference (APCPC) threatened the government of rejecting the budget for... Published 17 May, 2024 05:50am
Macroeconomic conditions: ADB team briefed about improvement ISLAMABAD: The Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb was called on by Alternate... Published 17 May, 2024 05:50am
SECP commences second phase of LEAP ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) commenced the second phase of its end-to-end... Published 17 May, 2024 05:50am
Polish trade delegation due on 20th ISLAMABAD: A business delegation by leading Polish companies will arrive on a five-day visit to Pakistan on May 20,... Published 17 May, 2024 05:50am
Budget proposals: KCCI demands out-of-box solutions to save nose-diving economy KARACHI: High rate of inflation has pushed the prices of consumer goods and commodities to a level where these are... Published 17 May, 2024 05:50am
Jul-Apr petroleum group imports post 1.53pc negative growth ISLAMABAD: Petroleum group imports witnessed a negative growth of 1.53 per cent during the first 10 months... Published 17 May, 2024 05:50am
Govt urged to reduce energy tariff for better economy KARACHI: Muhammad Kamran Arbi, President of the SITE Association of Industry has urged the government to reduce... Published 17 May, 2024 05:50am
Pak-Qatar IT Tower opens: Development of IT sector first priority: Minister ISLAMABAD: Minister of State for IT and Telecommunication Shaza Fatima Khawaja has said the development of the IT... Published 17 May, 2024 05:50am
Audit report for FY23 tax period: AGP objects to FBR’s increased reliance on WHTs ISLAMABAD: The Auditor General of Pakistan (AGP) has strongly objected that the Federal Board of Revenue (FBR) has... Published 17 May, 2024 05:50am
Taxes AG KP agrees to withhold ST on services from bills PESHAWAR: Director General KPRA held a meeting with Accountant General Khyber Pakhtunkhwa to discuss issues relating... Published 17 May, 2024 05:50am
All in the family EDITORIAL: Since Nawaz Sharif has always called the shots in the PML-N, even during the PDM government when he was ... Published 17 May, 2024 05:50am
FBR must stop leaning on crutches EDITORIAL: In a fresh indicator of the Federal Board of Revenue’s (FBR’s) utter inability to carry out its basic job... Published 17 May, 2024 05:50am
Negligence on the part of customs staff causes revenue loss LAHORE: Negligence on the part of Customs staff towards the smuggled goods lead to revenue loss to the national... Published 17 May, 2024 05:50am
Criticality of compatibility of social indicators with economic indicators highlighted ISLAMABAD: The National Sustainable Development Goals (SDGs) Conference Economic Session on Thursday emphasised... Published 17 May, 2024 05:50am
PTBA for digitalisation, documentation of economy KARACHI: Pakistan Tax Bar Association (PTBA) has emphasised the need for the digitalisation and documentation of the... Published 17 May, 2024 05:50am
Industry Pakistan’s pharma sector can increase exports to $3bn in five years, but it ‘needs policy, govt support’ KARACHI: Pakistan’s pharmaceutical sector can increase its exports to $3 billion over the next five years, provided... Published 17 May, 2024 05:50am
SMEDA, ILO unveil joint study LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) and International Labour Organization (ILO)... Published 17 May, 2024 05:50am
Taxpaying traders & industrialists should be respected: LCCI LAHORE: President of the Lahore Chamber of Commerce and Industry, Kashif Anwar, emphasized that the taxpayer traders... Published 17 May, 2024 05:50am
Money & Banking Significant rise in mobile banking malware, cryptocurrency-related phishing ISLAMABAD: A leading cybersecurity company has detected significant increase in mobile banking malware and... Published 17 May, 2024 05:50am
Companies PMI releases 2023 Integrated Report KARACHI: Philip Morris International (PMI) has released its fifth annual Integrated Report, which outlines the... Published 17 May, 2024 05:50am
Industry Integrated system to be evolved to protect investors: Aleem ISLAMABAD: Federal Minister for Investment Board, Privatization and Communications Abdul Aleem Khan presiding over a... Published 17 May, 2024 05:50am