Money & Banking Dollar gains on geopolitical tensions NEW YORK: The dollar gained on Thursday as rising geopolitical tensions provided a safe haven boost to the currency,... Published 02 Aug, 2024 08:19am
Money & Banking Asian currencies: Malaysian ringgit hits one-year high BENGALURU: Mala ysia’s ringgit was on a tear on Thursday among emerging Asian currencies, while share markets ... Published 02 Aug, 2024 08:19am
SC gives Secretary last chance to form Climate Change Authority ISLAMABAD: The Supreme Court gave last chance to the secretary Ministry of Climate Change to constitute the Climate... Published 02 Aug, 2024 08:19am
Curbing practice of filing frivolous cases: SC for imposing costs under Order XXVIII, Rule 3 ISLAMABAD: The Supreme Court noted that the practice of instituting frivolous and vexatious cases can be curbed by... Published 02 Aug, 2024 08:19am
Pakistan condemns Israel’s adventurism in region ISLAMABAD, August 1: Pakistan strongly condemned Israel’s continuing adventurism in the region and urged its... Published 02 Aug, 2024 08:19am
Anti-state propaganda case: PTI’s Raoof and others granted bail ISLAMABAD: The special court, on Thursday, granted bail to Pakistan Tehreek-e-Insaf (PTI) Secretary Information ... Published 02 Aug, 2024 08:19am
Gohar Ejaz demands forensic audit: IPPs assailed for ‘pocketing’ Rs200bn ISLAMABAD: Former caretaker Minister of Commerce Gohar Ejaz on Thursday censured the Independent Power Producers... Published 02 Aug, 2024 08:19am
N Korea wants to restart nuclear talks if Trump wins, says ex-diplomat SEOUL: North Korea wants to reopen nuclear talks with the United States if Donald Trump is re-elected as president... Published 02 Aug, 2024 08:19am
Companies Moderna cuts 2024 sales forecast NEW YORK: Moderna on Thursday cut its 2024 sales forecast for COVID-19 and respiratory syncytial virus vaccines by... Published 02 Aug, 2024 08:19am
CDA chairman discusses various initiatives with diplomats ISLAMABAD: In a series of meetings, Capital Development Authority (CDA) Chairman Muhammad Ali Randhawa discussed... Published 02 Aug, 2024 08:18am
Money & Banking Bank Alfalah earns Rs20.609bn PAT in first half of 2024 KARACHI: The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on Wednesday, approved the... Published 02 Aug, 2024 08:16am
Punjab CM for preparing plan to deal with challenge of rains LAHORE: Punjab Chief Minister Maryam Nawaz Sharif had directed the relevant departments to prepare a relief plan in... Published 02 Aug, 2024 08:15am
WCLA holds first-ever mango festival LAHORE: The Walled City of Lahore Authority (WCLA) hosted the first-ever mango festival ‘Megh, Malhaar aur ... Published 02 Aug, 2024 08:13am
PDWP approves seven uplift schemes worth Rs9bn LAHORE: Punjab government has approved seven development schemes worth more than Rs 9 billion here on Wednesday. ... Published 02 Aug, 2024 08:12am
LHC rejects FIA cybercrime report LAHORE: The Lahore High Court on Thursday rejected a report by the FIA cybercrime wing regarding a complaint of... Published 02 Aug, 2024 08:11am
Rains: Punjab govt continues relief operation at brisk pace LAHORE: The Punjab government carried out the ‘relief and assistance operation’ at a brisk pace owing to 44 ... Published 02 Aug, 2024 08:10am
Industry Training session on E-CO held FAISALABAD: Issuance of Electronic Certificate of Origin (E-CO) is an important and appreciable attempt of TDAP and... Published 02 Aug, 2024 08:07am
Bail granted LAHORE: An Anti Terrorism Court on Thursday allowed bail to Haseeb-ur-Rehman, an accused in Corps Commander House... Published 02 Aug, 2024 08:06am
‘Sohail Sisters’ meet governor LAHORE: The world record holders, Pride of Pakistan; Sohail Sisters, who won 15 gold medals in the Asian Pacific... Published 02 Aug, 2024 07:59am
CS reviews arrangements for rainwater drainage LAHORE: During the heavy rainfall, Chief Secretary Punjab Zahid Akhtar Zaman visited different areas of the city... Published 02 Aug, 2024 07:55am
Fake video: Azma issues stern warning LAHORE: Punjab Information Minister Azma Bokhari has warned of dire consequence to those who dare to upload her fake... Published 02 Aug, 2024 07:54am
India-bound flight makes emergency landing at Karachi airport KARACHI: India-bound Oman Airlines flight on Thursday made an emergency landing at the Jinnah International Airport... Published 02 Aug, 2024 07:50am
IPPs, KE: JI to hold sit-in protest tomorrow KARACHI: Jamaat-e-Islami on Thursday announced to hold its postponed sit-in protest now on Saturday against the IPPs... Published 02 Aug, 2024 07:47am
Ex-Info Secretary Ismail Patel passes away in Karachi NEW YORK: Ismail Patel, a former Information Secretary who served in senior government positions, passed away in... Published 02 Aug, 2024 07:45am
Power restoration under way after rains: KE KARACHI: The K-Electric (KE) network is stable and power restoration is underway after rains in various parts of the... Published 02 Aug, 2024 07:38am
Railways announces reduction in fares ISLAMABAD: Pakistan Railways has announced a reduction in passenger train fares, said a press release. This ... Published 02 Aug, 2024 07:32am
Ceasefire deal reached between tribes of Kurram PESHAWAR: A ceasefire agreement has been reached between the tribes in Kurram and the traffic routes in the district... Published 02 Aug, 2024 07:30am
Court sends Janjua to jail on 14 days judicial remand ISLAMABAD: The special court on Thursday sent Pakistan Tehreek-e-Insaf (PTI) International Media Coordinator Ahmad... Published 02 Aug, 2024 07:28am
Toshakhana gifts case second reference: IHC issues notices to NAB in plea challenging arrest of IK & Bushra ISLAMABAD: The Islamabad High Court (IHC), Thursday, issued notices to the National Accountability Bureau (NAB) in a... Published 02 Aug, 2024 07:26am
China hopes Palestinian factions can create independent state soon BEIJING: China hopes Palestinian factions can create an independent state as soon as possible, a Chinese foreign... Published 02 Aug, 2024 06:50am
Russia frees US reporter in major prisoner swap with West: Turkey ANKARA: US journalist Evan Gershkovich and former US marine Paul Whelan were released Thursday, the Turkish... Published 02 Aug, 2024 06:48am
Trump loses appeal of gag order in hush money criminal case NEW YORK: A New York state appeals court on Thursday rejected Donald Trump’s challenge to a gag order in his hush... Published 02 Aug, 2024 06:43am
South Asia BP to develop new oil and gas fields in Iraq BAGHDAD: Iraq signed an agreement with British energy giant British Petroleum on Thursday to develop four oil and ... Published 02 Aug, 2024 06:41am
Money & Banking BoE cuts rates from 16-year high LONDON: The Bank of England cut interest rates from a 16-year high on Thursday after a tight vote by its ... Published 02 Aug, 2024 06:40am
Middle East Hamas calls for ‘day of rage’ for group leader’s burial DOHA: Palestinian group Hamas called for a “day of furious rage” on Friday, coinciding with the burial of its... Published 02 Aug, 2024 06:38am
The cries of the oppressed have overtaken the entire Middle East “When evildoing comes like falling rain, nobody calls out “stop!” Bertolt Brecht says, ”When crimes begin to... Published 02 Aug, 2024 06:31am
Commodities Gold prices rise KARACHI: The local gold prices on Thursday posted a sizeable gain with global bullion value rising, traders said.... Published 02 Aug, 2024 06:23am
Letters ‘Haniyeh killed in Iran: what next?’ This is apropos a letter to the editor ‘Haniyeh killed in Iran: what next?” by this writer carried by the... Published 02 Aug, 2024 06:22am
Global factories struggled in July as demand waned, PMIs show WASHINGTON/ LONDON: Manufacturers across the United States, Europe and Asia turned in a weak performance last month... Published 02 Aug, 2024 05:56am
US says plea deal reached with 9/11 mastermind WASHINGTON: US prosecutors have reached a deal with 9/11 mastermind Khalid Sheikh Mohammed, the Pentagon said... Published 02 Aug, 2024 05:55am
Anshuman Gaekwad dies at 71 NEW DELHI: Former India batsman and two-time national coach Anshuman Gaekwad has died aged 71 following a long ... Published 02 Aug, 2024 05:55am
Telecom sector eyeing to generate Rs1000bn: PTA ISLAMABAD: The total revenue from telecom sector in this fiscal year is estimated at Rs1,000 billion, Chairman... Published 02 Aug, 2024 05:55am
5G spectrum auction: PTA shortlists 10 global consultants ISLAMABAD: Pakistan Telecommunication Authority (PTA) has shortlisted 10 international consultants/JVs/firms who had... Published 02 Aug, 2024 05:55am
Telecom, mass media, construction development firms top cyberattack targets in 2024: report ISLAMABAD: Telecom, mass media, and construction development companies are the top cyberattack targets in different... Published 02 Aug, 2024 05:55am
Trade Consulting Week and Road Show on Pakistan in Switzerland TEXT: SBC is delighted to share that the highly anticipated Trade Consulting Week and Road Show on Pakistan is set ... Published 02 Aug, 2024 05:55am
Swiss Business Council TEXT: The Swiss Business Council (SBC) was established in 2008 as a legal entity under an act of the Securities ... Published 02 Aug, 2024 05:55am
75th Anniversary of the establishment of Pakistan – Switzerland diplomatic relations TEXT: Pakistan Embassy in Switzerland hosted a special reception to celebrate 75th Anniversary of the establishment... Published 02 Aug, 2024 05:55am
History of Switzerland – Pakistan bilateral relations TEXT: Switzerland recognised Pakistan's independence in 1947. In 1949, the two countries established diplomatic... Published 02 Aug, 2024 05:55am
Advancing a sustainable energy future for all TEXT: Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We are... Published 02 Aug, 2024 05:55am
Accelerating Sustainability in Marine and Energy TEXT: Building on a century of innovation to secure the next 100 years of sustainable prosperity In 1924, the first... Published 02 Aug, 2024 05:55am
Swiss National Day 2024: KHURRAM SHAHZAD KHAN President & CEO – Habib Metropolitan Bank TEXT: Heartfelt congratulations to the people and Government of Switzerland on the occasion of the 733rd National ... Published 02 Aug, 2024 05:55am
Swiss National Day 2024: JASON AVANCEÑA President – Swiss Business Council TEXT: As the President of the Swiss Business Council (SBC) in Pakistan, I extend my warmest greetings and heartfelt... Published 02 Aug, 2024 05:55am
Swiss National Day 2024: GEORG STEINER Ambassador of Switzerland to Pakistan TEXT: It is a pleasure and an honor for me to address you today. This year, Switzerland is again celebrating its... Published 02 Aug, 2024 05:55am
Rates Stocks shed more weight KARACHI: Pakistan Stock Exchange on Thursday witnessed a mixed trend and after moving in both directions, closed on ... Published 02 Aug, 2024 05:55am
PBC says it fully stands behind Parliament ISLAMABAD: The Pakistan Bar Council (PBC) resolved that the Parliament, being the supreme constitutional ... Published 02 Aug, 2024 05:55am
Govt refers to TTP as ‘Fitna al Khawarij’ ISLAMABAD: The government has decided to refer to Tehreek-e-Taliban Pakistan (TTP) as ‘Fitna al Khawarij’ in... Published 02 Aug, 2024 05:55am
Five-judge Shariat Appellate Bench formed ISLAMABAD: A five-judge Shariat Appellate Bench, headed by Chief Justice QaziFaez Isa was constituted for hearing... Published 02 Aug, 2024 05:55am
Thar Foundation equipping youth with skills KARACHI: Thar Foundation, a CSR wing of SECMC, is equipping the youth with the skills needed to navigate the ... Published 02 Aug, 2024 05:55am
Sleazy venture of engineers’ sale/purchase by PEC mafia exposed LAHORE: In a shocking revelation, Engineer Zahoor Sarwar, a member of the governing body of the Pakistan Engineering... Published 02 Aug, 2024 05:55am
Sindh CM to inaugurate My Karachi-Oasis of Harmony today KARACHI: Chief Minister Sindh Syed Murad Ali Shah will be inaugurating 19th My Karachi – Oasis of Harmony... Published 02 Aug, 2024 05:55am
Pemra issues directive to TV channels ISLAMABAD: The Pakistan Electronic Media Regulatory Authority (PEMRA), on Thursday, issued a directive to all... Published 02 Aug, 2024 05:55am
Pakistan to double its share of skilled workers to reach level of Chile: WB ISLAMABAD: Pakistan would need to double its share of skilled workers to reach the level of Chile, says the World... Published 02 Aug, 2024 05:55am
NA body calls for enhancing trade ties in region ISLAMABAD: The Standing Committee of the National Assembly on Foreign Affairs on Thursday called for enhancing trade... Published 02 Aug, 2024 05:55am
169 projects delayed: MoF disbursed only Rs23bn of Rs40bn budget, Senate panel told ISLAMABAD: The Senate Standing Committee on Housing and Works was informed that the delays in completing 169 ... Published 02 Aug, 2024 05:55am
LHC overrules office objection LAHORE: The Lahore High Court on Thursday overruled an office objection to a petition of former PTI chairman Imran... Published 02 Aug, 2024 05:55am
IMF programme & challenges Pakistan’s economic journey took a momentous turn after it bid farewell to the International Monetary Fund (IMF) ... Published 02 Aug, 2024 05:55am
Stocks Gulf stocks mixed on ME tensions DUBAI: Stock markets in the Gulf ended mixed on Thursday amid tensions in the Middle East following the killing of... Published 02 Aug, 2024 05:55am
Stocks Wall Street retreats on slowdown fears NEW YORK: Wall Street’s main indexes reversed course and slumped on Thursday, weighed by megacap tech and chip... Published 02 Aug, 2024 05:55am
Stocks European shares slide more than 1pc as bank stocks crumble PARIS: Europe’s STOXX 600 closed more than 1 percent lower on Thursday, with banks leading the sell-off after... Published 02 Aug, 2024 05:55am
Stocks China stocks fall as manufacturing activity shrinks SHANGHAI: China stocks fell on Thursday, following the biggest one-day gain in five months in the previous session,... Published 02 Aug, 2024 05:55am
Stocks Japanese shares tumble as yen gains rattle market TOKYO: Japan’s Nikkei share average declined on Thursday as the yen rallied further following the Bank of ... Published 02 Aug, 2024 05:55am
Energy Oil slips over $1 as supply intact despite ME conflict fears HOUSTON: Oil prices settled more than $1 lower on Thursday as global supply seemed largely unaffected by worries of ... Published 02 Aug, 2024 05:55am
Energy Oil prices ease as supply intact amid ME conflict fears HOUSTON: Oil prices edged lower on Thursday as global supply seemed largely unaffected by worries of a wider Middle... Published 02 Aug, 2024 05:55am
Rates Activities of Karachi Port Trust, Port Qasim KARACHI: The Karachi Port Trust handled 148,184 tonnes of cargo comprising 86,774 tonnes of import cargo and 61,410... Published 02 Aug, 2024 05:55am
Cotton & Textile Cotton spot rates KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (August 01, 2024)... Published 02 Aug, 2024 05:55am
Cotton & Textile Spot rate gains Rs200 per maund LAHORE: The Spot Rate Committee of the Karachi Cotton Association on Thursday increased the spot rate by Rs 2,00 per... Published 02 Aug, 2024 05:55am
PARTLY FACETIOUS: The two Lahori leaders “The embargo continues.” “What embargo?” “The Man Who Must Remain Nameless still! It’s been at least year if not... Published 02 Aug, 2024 05:55am
The Weather KARACHI: The weather report on Thursday (August 01, 2024) and the forecast for Friday (August 02, 2024)... Published 02 Aug, 2024 05:55am
Rates LME official prices LONDON: The following were Wednesday official prices. ========================================= ALUMINIUM... Published 02 Aug, 2024 05:55am
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 02 Aug, 2024 05:55am
Rates Kibor interbank offered rates KARACHI: Kibor interbank offered rates on Thursday (August 01, 2024). ========================== KIBOR... Published 02 Aug, 2024 05:55am
Forex Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Exchange Companies Association of Pakistan on... Published 02 Aug, 2024 05:55am
Forex Dollar's rate in interbank market KARACHI: Interbank closing rates for dollar on Thursday (August 01, 2024). ======================== Open Bid... Published 02 Aug, 2024 05:55am
Forex Kerb buying and selling rate of US dollar KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (August 01, 2024).... Published 02 Aug, 2024 05:55am
Rates Shipping Intelligence KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 01, 2024).... Published 02 Aug, 2024 05:55am
Paper Lahore Paper Market Rates LAHORE: Paper market rates in rupees on Thursday (August 01, 2024). ======================================= Offset... Published 02 Aug, 2024 05:55am
Rates BRIndex100 and BR Sectoral Indices KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (August 01, 2024). ==================================== BR... Published 02 Aug, 2024 05:55am
FY25 sell-off plan likely to be approved today Cabinet Committee on Privatisation approves 24 SOEs for inclusion in privatisation programme Updated 02 Aug, 2024 09:57am
Conditions for GST payment, tax returns relaxed ISLAMABAD: The Federal Board of Revenue (FBR) has relaxed conditions for sales taxpayers and requirement to file... Updated 02 Aug, 2024 09:45am
Imprest money: Govt weighs debit card against credit card for PSEs ISLAMABAD: The government is considering suggesting debit instead of credit card solutions to address petty cash and... Updated 02 Aug, 2024 09:33am
Chinese citizens: Visa-free facility will be available from 14th: PM ISLAMABAD: Prime Minister Shehbaz Sharif said that free visa facility to Chinese citizens will be available from... Updated 02 Aug, 2024 09:08am
IMF to approve $7bn EFF by end of month: Aurangzeb ISLAMABAD: Finance Minister Muhammad Aurangzeb said on Thursday that the government wants investment and not aid... Updated 02 Aug, 2024 09:55am
Five Chinese firms bid to help with Panda Bond issuance ISLAMABAD: Five Chinese firms have placed bids to work on Pakistan’s issuance of Panda Bonds, the South Asian... Updated 02 Aug, 2024 09:14am
July trade deficit surges 19.7pc to $1.95bn YoY ISLAMABAD: Pakistan’s trade deficit in July 2024 has increased by 19.7 percent year on year (YoY) to $1.95 billion... Updated 02 Aug, 2024 09:54am
World Bank offers roadmap to avoid ‘middle-income trap’ WASHINGTON: More than 100 countries, including China, are at risk of entering a “middle-income trap” and failing... Published 02 Aug, 2024 05:55am
Cheap Russian oil: Musadik claims private sector made hefty profits ISLAMABAD: Minister for Petroleum, Dr. Musadik Masood Malik has reportedly accused private sector of earning huge... Updated 02 Aug, 2024 09:54am
High capacity payments jeopardised economy: APTMA KARACHI: All Pakistan Textile Mills Association (Aptma) has held IPPs responsible for higher electricity tariff in... Published 02 Aug, 2024 05:55am
Discos: Tarar says govt has embarked on sell-off plan ISLAMABAD: The Federal Minister for Information, Broadcasting, National Heritage, and Culture, Attaullah Tarar, on... Updated 02 Aug, 2024 09:44am
Turkey blocks NATO-Israel cooperation ANKARA: Turkey has blocked cooperation between NATO and Israel since October because of the war in Gaza and said the... Updated 02 Aug, 2024 09:14am
Pakistan to observe mourning day today ISLAMABAD: Pakistan will observe a day of mourning today (Friday) in solidarity with Palestinian brothers and... Updated 02 Aug, 2024 09:32am
