Companies BankIslami reaches 500-branch milestone KARACHI: BankIslami Pakistan Limited has achieved a milestone of strengthening branch network with the opening of ... Published 12 Oct, 2024 07:48am
Children’s emergency: Civil Hospital receives int’l SafeCare certification Room KARACHI: Dr. Ruth Pfau Civil Hospital in Karachi has become the first public sector institution in Pakistan to... Published 12 Oct, 2024 07:47am
Country urged to enhance AML/CFT framework ISLAMABAD: The International Monetary Fund (IMF) has urged Pakistan for continued enhancements in the Anti-Money... Published 12 Oct, 2024 07:45am
Theft of ballot papers in NA-231: ECP seeks report from Sindh election commissioner ISLAMABAD: The Election Commission of Pakistan (ECP) on Friday sought a report from the Sindhl election ... Published 12 Oct, 2024 07:43am
FAFEN issues report on performance of election tribunals ISLAMABAD: The Free and Fair Election Network (FAFEN) has observed that the election tribunals have failed to ... Published 12 Oct, 2024 07:42am
Companies ‘Digital remittances be exempted from wallet-receiving limits’ KARACHI: Murtaza Ali, President of JazzCash, has proposed that digital remittances be exempted from wallet-receiving... Published 12 Oct, 2024 07:40am
Industry ‘Economy stabilising due to good policies’ KARACHI: Chairman of the FPCCI Advisory Board and National Business Group Pakistan, President Pakistan Businessmen... Published 12 Oct, 2024 07:39am
Industry Various sectors: ‘KSA team visit aims to boost trade & investments’ KARACHI: President United Business Group (UBG) Zubair Tufail, Chairman (Sindh) Khalid Tawab, other leaders Hanif... Published 12 Oct, 2024 07:36am
Gilani says Pakistan value its relationship with UAE ISLAMABAD: Acting President Syed Yousaf Raza Gilani stated that Pakistan greatly valued its long-standing... Published 12 Oct, 2024 07:34am
Commodities Gold prices surge KARACHI: The local gold prices surged on Friday as global bullion rates neared $2,650 per ounce, traders said. Gold... Published 12 Oct, 2024 07:30am
Companies Gong ceremony marks listing of Burj Modaraba KARACHI: A gong ceremony was held at the Pakistan Stock Exchange (PSX) to mark the listing of Burj Clean Energy... Published 12 Oct, 2024 07:29am
Hot to very hot, dry weather likely next week KARACHI: The Met Office informed on Friday about the formation a new weather depression in the southeast Arabian Sea... Published 12 Oct, 2024 07:27am
Industry PM, federal cabinet efforts to terminate five PPA’s lauded KARACHI: Chairman of the Pakistan Business Forum (PBF) for Balochistan, Daroo Khan Achakzai and PBF South Punjab... Published 12 Oct, 2024 07:25am
IHC directs jail authorities to ensure IK’s meeting with sister ISLAMABAD: The Islamabad High Court (IHC), Friday, directed the jail authorities to ensure the meeting of Imran ... Published 12 Oct, 2024 07:23am
LGH shifts MLCs counter to forensic dept LAHORE: The administration of Lahore General Hospital (LGH) has shifted the counter of medico-legal cases (MLCs) ... Published 12 Oct, 2024 07:20am
LHC seeks report over alleged abduction of PTI MPA LAHORE: The Lahore High Court on Friday sought a progress report on the police investigation into the alleged... Published 12 Oct, 2024 07:19am
NA body concerned about irregularities in MDCAT examination result ISLAMABAD: The National Assembly Standing Committee on National Health Services and Regulations, Friday, while... Published 12 Oct, 2024 07:17am
Pakistan can be an ideal destination for Saudi investment: Ahsan ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal emphasised that Pakistan... Published 12 Oct, 2024 07:11am
PFA unearths fake beverage production unit LAHORE: The enforcement team of the Punjab Food Authority (PFA) raided a fake carbonated drinks production unit in... Published 12 Oct, 2024 07:09am
President for enhanced focus on regional connectivity ASHGABAT: President Asif Ali Zardari on Friday addressed an international forum held here in the Turkmen capital,... Published 12 Oct, 2024 07:08am
PTI’s propaganda cell used to humiliate, harass people: Azma LAHORE: Punjab Information Minister Azma Bokhari has said that there is a need to establish laws and regulations for... Published 12 Oct, 2024 07:06am
Quality education, tech training provision top priority: PM ISLAMABAD: Prime Minister Shehbaz Sharif on Friday emphasised that the provision of quality education and technical... Published 12 Oct, 2024 07:03am
Rescuers urged to focus on saving lives of people LAHORE: Secretary Emergency Services, Dr. Rizwan Naseer, took the oath from 41 rescuer drivers after successful... Published 12 Oct, 2024 07:01am
SC’s order on intra-party polls: Review petition of PTI adjourned over its lawyers’ absence ISLAMABAD: The Supreme Court (SC) adjourned the review petition of Pakistan Tehreek-e-Insaf (PTI) as none of its... Published 12 Oct, 2024 07:00am
SME banking: SBP launches ‘Challenge Fund’ KARACHI: The State Bank of Pakistan (SBP) has announced to launch a “Challenge Fund” for technology adoption... Published 12 Oct, 2024 06:58am
SECP & CDC open Investor’s weekend 2024 KARACHI: With the support and guidance of the Securities and Exchange Commission of Pakistan (SECP), Central... Published 12 Oct, 2024 06:56am
PIDE VC: Senate body seeks details of perks and privileges ISLAMABAD: The Senate Standing Committee on Rules of Procedure and Privileges sought details of perks and privileges... Published 12 Oct, 2024 06:53am
SMEDA, ADB launch ‘Digital Literacy Training Programme’ LAHORE: The Small and Medium Enterprises Development Authority (SMEDA), in collaboration with the Asian Development... Published 12 Oct, 2024 06:51am
Speakers advocates for balanced energy mix ISLAMABAD: While acknowledging the past mistakes of successive governments, speakers at a seminar advocated for a... Published 12 Oct, 2024 06:50am
Cotton & Textile Spot rate unchanged amid modest trading LAHORE: The local cotton market on Friday remained steady and the trading volume remained satisfactory. Cotton... Published 12 Oct, 2024 06:48am
Industry PSMA election dispute lands in DGTO/ SECP ISLAMABAD: The dispute of election of Central Chairman of Pakistan Sugar Mills Association (PSMA) for 2024-26 has... Published 12 Oct, 2024 06:47am
IMF spells out factors behind country’s underperformance ISLAMABAD: Several macroeconomic distortions and policy-related restrictions including protectionist interventions, ... Published 12 Oct, 2024 06:45am
Full court reference for outgoing CJP Isa will be held on 25th ISLAMABAD: The Supreme Court Full Court Reference will be held on October 25 on the eve of retirement of Chief... Published 12 Oct, 2024 06:41am
21 miners killed in Duki; no claim of responsibility QUETTA: Dozens of attackers armed with guns, rockets and hand grenades stormed a cluster of small private coal mines... Published 12 Oct, 2024 06:17am
Gandapur visits ‘Aman Jirga’ venue PESHAWAR: KP Chief Minister Ali Amin Khan Gandapur, on Friday, paid a visit to the venue of the Aman Jirga being... Published 12 Oct, 2024 06:17am
B’tan govt implements minimum wage of Rs37,000 for labourers QUETTA: Balochistan government has officially started implementing the new minimum wage for workers setting it at... Updated 12 Oct, 2024 08:03am
Australia to provide AUD 3m for water project ISLAMABAD: Australia has agreed to provide AUD 3 million for a water project which is to be completed in a period of... Published 12 Oct, 2024 06:17am
ATC allows 10-day police custody of singer Umar Malik LAHORE: An anti-terrorism court on Friday remanded singer Umar Aftab Malik in ten-day police custody for his alleged... Published 12 Oct, 2024 06:17am
Arrest warrant for Nadra chairman issued ISLAMABAD: A local court, on Friday, issued arrest warrant for Chairman National Database and Registration Authority... Updated 12 Oct, 2024 08:04am
Bano Qabil students: Alkhidmat Karachi holding graduation ceremonies KARACHI: Alkhidmat Karachi is holding graduation ceremonies for Bano Qabil students during "Techno Fest Pakistan" at... Published 12 Oct, 2024 06:17am
PM says govt will provide all resources for police upgradation ISLAMABAD: Prime Minister Shehbaz Sharif on Friday said that the government will provide all kinds of resources for... Published 12 Oct, 2024 06:17am
PTI to hold public meeting at D Chowk on 15th ISLAMABAD: Weeks after holding a protest at D-Chowk, the political committee of Pakistan Tehreek-e-Insaf (PTI) on... Published 12 Oct, 2024 06:17am
Illahi Bakhsh Soomro—an iconic personality The tragic news of the death of veteran and seasoned politician, Illahi Bakhsh Soomro, former Speaker of the ... Updated 12 Oct, 2024 08:27am
Two terrorists ‘involved’ in Dasu Dam attack killed in Sahiwal LAHORE Two terrorists involved in the Dasu Dam’s attack were killed by their own accomplices when they were being... Published 12 Oct, 2024 06:17am
Punjab PA speaker says…: SC decision opens doors to constitutional interference LAHORE: Punjab Assembly Speaker Malik Muhammad Ahmed Khan on Friday said a Supreme Court decision has opened doors... Published 12 Oct, 2024 06:17am
CM directs authorities to start ‘CM’s Insulin Programme’ LAHORE: Rebrand BHUs as Maryam Nawaz Health Clinics to improve health facilities in remote areas. Chief Minister... Updated 12 Oct, 2024 08:06am
Punjab govt to provide 1,000 ‘super seeders’ to farmers LAHORE: To discourage the burning of rice stubble, the Punjab Agriculture Department is providing 1,000 super ... Published 12 Oct, 2024 06:17am
Baela Raza wins ‘Asia Education Medal’ LAHORE: Baela Raza Jamil has become the first Pakistani to receive the prestigious ‘Asia Education Medal 2024’... Published 12 Oct, 2024 06:17am
NFC Award, 18th Amendment: Sindh CM rejects reports of IMF reservations KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that neither the federal government nor the International... Published 12 Oct, 2024 06:17am
Digital payments experience a remarkable growth: SBP report KARACHI: Digital payments have experienced a remarkable growth, capturing an impressive 84 percent market share... Published 12 Oct, 2024 06:17am
No justice for journalists targeted by Israel despite strong evidence of war crime A year on, there is still no accountability following the October 13, 2023, targeted Israeli attack that killed ... Published 12 Oct, 2024 06:17am
Regaining global relevance The Shanghai Cooperation Organisation (SCO) in Islamabad provides a once in lifetime opportunity to Pakistan to... Updated 12 Oct, 2024 08:14am
A book on your lap Books that in days gone by had our undivided attention are now competing with many other competitors. There was a... Updated 12 Oct, 2024 08:36am
The Weather KARACHI: The weather report on Friday (October 11, 2024) and the forecast for Saturday (October 12, 2024)... Published 12 Oct, 2024 06:17am
Rates PSX posts minor gains KARACHI: Pakistan Stock Exchange on Friday witnessed a mixed trend and remained oscillating in both directions... Published 12 Oct, 2024 06:17am
Scraping of 19th amendment demanded: Judges’ appointments only on seniority, performance: Fazl ISLAMABAD: Jamiat Ulema-e-Islam (JUI) Chief Maulana Fazlur Rehman, Friday, while demanding scraping of 19th... Published 12 Oct, 2024 06:17am
Ghee, cooking oil industry: Aurangzeb vows to help resolve issues ISLAMABAD: Finance Minister Muhammad Aurangzeb Friday assured the ghee and cooking oil industry to resolve the issue... Updated 12 Oct, 2024 08:58am
Letters ‘Israel’s ultimate target – Iran’ This is apropos a letter to the Editor by this writer carried by the newspaper yesterday. In addition, Israel has... Published 12 Oct, 2024 06:17am
PARTLY FACETIOUS: ‘Gandapur is a statesman unlike The Brown Pope’ “Who ordered the Brown Pope to go to Peshawar for the grand jirga? I mean, the guy’s body language seated next ... Published 12 Oct, 2024 06:17am
Energy 24-hour gas holiday tomorrow KARACHI: Sui Southern Gas Company (SSGC) has announced 24-hour gas holiday for all industries including their power... Published 12 Oct, 2024 06:17am
Importance of riba-free banking for a developing country like Pakistan Riba-free (interest-free) banking is a key principle of Islamic finance, which prohibits interest on loans, viewing... Updated 12 Oct, 2024 08:31am
Stocks Strong bank earnings push S&P 500, Dow to record highs NEW YORK: The S&P 500 and the Dow hit record highs on Friday, driven by gains in major banks following... Published 12 Oct, 2024 06:17am
Stocks STOXX 600 touches 1-week high, earnings eyed FRANKFURT: European stocks reversed early losses and ended Friday at more than a one-week high as investors shifted... Published 12 Oct, 2024 06:17am
Stocks China stocks end week lower as stimulus cheer turns cautious SHANGHAI: Chinese stocks fell on Friday and ended the week in negative territory as investors’ previous enthusiasm... Published 12 Oct, 2024 06:17am
Stocks Nikkei rises as Fast Retailing jumps TOKYO: Japan’s Nikkei share average rose to a two-week closing high on Friday, propelled by gains in index... Published 12 Oct, 2024 06:17am
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 12 Oct, 2024 06:17am
Rates Kibor interbank offered rates KARACHI: Kibor interbank offered rates on Friday (October 11, 2024). ========================== KIBOR... Published 12 Oct, 2024 06:17am
Forex Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (October ... Published 12 Oct, 2024 06:17am
Forex Dollar's rate in interbank market KARACHI: Interbank closing rates for dollar on Friday (October 11, 2024). ======================== Open Bid ... Published 12 Oct, 2024 06:17am
Forex Kerb buying and selling rate of US dollar KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (October 11, 2024).... Published 12 Oct, 2024 06:17am
Rates BRIndex100 and BR Sectoral Indices KARACHI: BRIndex100 and BR Sectoral Indices on Friday (October 11, 2024). ==================================== BR... Published 12 Oct, 2024 06:17am
IMF spells out threats to reform momentum Says political economy considerations and pressures from vested interests could delay or weaken the reform momentum and put at risk still-brittle stability Updated 12 Oct, 2024 09:29am
Fund sets 22 SBs and conditionalities ISLAMABAD: The International Monetary Fund (IMF) has set 22 structural benchmarks (SBs) and conditionalities for the... Updated 12 Oct, 2024 08:54am
EFS ends: Exporters now to pay regular income tax: IMF ISLAMABAD: Exporters will be brought into the regular income tax regime, Exporters Facilitation Scheme terminated,... Updated 12 Oct, 2024 09:23am
IMF told: Two Discos’ sell-off to wrap up by Jan-end ISLAMABAD: The federal government has shared with the International Monetary Fund (IMF) that transactions of two... Updated 12 Oct, 2024 08:57am
Power sector: Govt commits to IMF about drastic reforms ISLAMABAD: The government has committed to the International Monetary fund (IMF) to revise terms of Power Purchase... Updated 12 Oct, 2024 08:56am
IMF assured of semi-annual gas tariff adjustment by Feb 15, 2025 ISLAMABAD: The federal government has assured the IMF that the semi-annual gas tariff adjustment as determined by... Updated 12 Oct, 2024 09:24am
Reforms in agri income tax regimes: IMF urges provinces to implement commitment ISLAMABAD: The International Monetary Fund (IMF) has stated that provinces must decisively implement their... Updated 12 Oct, 2024 09:00am
Subsidies to BISP recipients: Ministry seeks PD’s help to get consumers’ data from KE ISLAMABAD: Ministry of Poverty Alleviation and Social Safety (MPA&SS) has sought Power Division’s support to get... Updated 12 Oct, 2024 08:59am
Commodities Weekly SPI inflation down 0.08pc ISLAMABAD: The Sensitive Price Index (SPI)-based inflation for the week ended October 10, 2024 decreased by 0.08 per... Published 12 Oct, 2024 06:17am
Industry ECC allows additional export of surplus sugar ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet allowed additional export of 0.500 million MT of... Published 12 Oct, 2024 06:17am
Zardari, Putin for enhanced economic, bilateral ties ASHGABAT: President Asif Ali Zardari on Friday met his Russian counterpart Vladimir Putin wherein they emphasised... Updated 12 Oct, 2024 09:25am
Govt commits to IMF: Policy rate to go up if inflation rises ISLAMABAD: The government has committed to the International Monetary Fund (IMF) to increase policy rate if new... Updated 12 Oct, 2024 09:28am
Shanghai Cooperation Organization: All preparations finalised: Tarar ISLAMABAD: Federal Minister for Information, Broadcasting, National Heritage, and Culture Attaullah Tarar announced... Published 12 Oct, 2024 06:17am
FBR notifies end of dual taxation treaty with Estonia ISLAMABAD: Pakistan and Estonia have signed the convention for the elimination of double taxation with income and ... Published 12 Oct, 2024 06:17am
Round Table Ministerial Conference: KSA, Pakistan discuss ways and means to strengthen ties in relation to G2G activities ISLAMABAD: During the visit of Saudi Business delegates headed by KSA Minister for Investment Sheikh Khalid Bin ... Published 12 Oct, 2024 06:17am
Ogra notifies up to 7.11pc reduction in RLNG prices ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra), on Friday, notified up to 7.11 percent reduction in the... Published 12 Oct, 2024 06:17am
SME banking: SBP launches ‘Challenge Fund’ KARACHI: The State Bank of Pakistan (SBP) has announced to launch a “Challenge Fund” for technology adoption... Published 12 Oct, 2024 06:17am
LoI to IMF: govt pledges fiscal discipline ISLAMABAD: The government has committed to the International Monetary Fund (IMF) that it would contain non-priority... Published 12 Oct, 2024 06:17am
Implementing reforms can hike growth 2pc over 5 years: IMF ISLAMABAD: The combined impact of consistent implementation of fiscal-structural, labour market, trade, and... Published 12 Oct, 2024 06:17am
Fostering B2B investments: Azfar Ahsan meets Saudi investment minister KARACHI: Muhammad Azfar Ahsan, former Minister for Investment of Pakistan and founder of Nutshell Group, met with... Published 12 Oct, 2024 06:17am
CCTV cameras: SBP advises banks, MFBs to update SOPs KARACHI: In a significant move to bolster security across financial institutions, the State Bank of Pakistan (SBP)... Published 12 Oct, 2024 06:17am
PRA initiates inspections of restaurants LAHORE: The Punjab Revenue Authority (PRA) has launched a series of inspections across various restaurants in Lahore... Published 12 Oct, 2024 06:17am
‘Continuity of safe banking’ EDITORIAL: SBP (State Bank of Pakistan) must be appreciated for its foresight in voicing concern about the ... Published 12 Oct, 2024 06:17am
The cost of political strife EDITORIAL: Last weekend saw yet another fierce showdown transpiring between the PTI and the government following the... Updated 12 Oct, 2024 08:12am
4.7pc of GDP: IMF projects external financing needs at $18.813bn ISLAMABAD: The International Monetary Fund (IMF) has projected Pakistan’s gross external financing needs at ... Published 12 Oct, 2024 06:17am
Energy Oil settles down HOUSTON: Oil prices settled lower on Friday but rose for the second straight week as investors weighed factors such... Published 12 Oct, 2024 06:17am
Industry PAAPAM to host 19th PAPS-24 from 25th to 27th LAHORE: The Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) is set to host the ... Published 12 Oct, 2024 06:17am
Industry PPMA urges govt to update drug laws in line with recommendations LAHORE: Pakistan Pharmaceutical Manufacturers Association (PPMA) has urged the government to update existing drug... Published 12 Oct, 2024 06:17am
Money & Banking Dollar flat against peers NEW YORK: The US dollar was little changed against major currencies on Friday as markets digested a slew of economic... Published 12 Oct, 2024 06:17am