UN launches fund to shield displaced people from climate shocks GENEVA: The United Nations said Wednesday it was launching a new Climate Resilience Fund aimed at boosting... Published 25 Apr, 2024 03:05am
Maldives vows China-backed building boom, Indians out MALÉ, (Maldives): The Maldives will press on with Chinese-backed construction and evict Indian troops from the... Published 25 Apr, 2024 03:05am
ICAs against ‘military courts verdict’: SC refers matter to committee constituting larger bench ISLAMABAD: The Supreme Court (SC) bench hearing intra-court appeals (ICAs) against its own judgment on military... Published 25 Apr, 2024 03:05am
Illegal import of artificial leather worth Rs220m detected KARACHI: Directorate of Customs Intelligence, Karachi has detected a massive scheme involving the illegal import of... Published 25 Apr, 2024 03:05am
Zardari for further strengthening Sino-Pak ties ISLAMABAD: President Asif Ali Zardari has said that there is a need to further strengthen relations with China in ... Published 25 Apr, 2024 03:05am
UNDP Assistant Secretary General calls on Foreign Minister: FO ISLAMABAD: The United Nations Development Programme (UNDP) Assistant Secretary General (ASG), Kanni Wignaraja, ... Published 25 Apr, 2024 03:05am
Tobacco production in LIFDCs cause of concern: study ISLAMABAD: Pakistan falls under the category of low-income food-deficit countries (LIFDCs), which is among top 10... Published 25 Apr, 2024 03:05am
Timor-Leste delegation visits BISP ISLAMABAD: Secretary Benazir Income Support Programme (BISP) Amer Ali Ahmad hosted a 12-member delegation from the... Published 25 Apr, 2024 03:05am
Civilians held in military custody: SC urged to immediately form larger bench ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) and family members of the prisoners demanded Supreme Court of Pakistan... Published 25 Apr, 2024 03:05am
Pakistan, Portugal discuss wide range of bilateral, regional issues ISLAMABAD: National Assembly Speaker Ayaz Sadiq has said that Pakistan and Portugal enjoy a multifaceted and ... Published 25 Apr, 2024 03:05am
Climate change termed biggest challenge for the planet LAHORE: Terming the climate change as the biggest challenge facing the planet, the Punjab governor Muhammad Balighur... Published 25 Apr, 2024 03:05am
PPP urges opposition parties to engage in dialogue ISLAMABAD: Pakistan People’s Party (PPP) spokesperson Faisal Karim Kundi urged the opposition parties to engage in... Published 25 Apr, 2024 03:05am
IHC issues notices to Islamabad officials as ‘naan bais’ challenge cut in ‘roti’ price ISLAMABAD: The Islamabad High Court (IHC), Wednesday, issued notices to Islamabad chief commissioner and others in a... Published 25 Apr, 2024 03:05am
$400m HEDP restructuring project: World Bank’s help sought ISLAMABAD: The government has requested the World Bank for restructuring of Higher Education Development in Pakistan... Published 25 Apr, 2024 03:05am
Increased govt-private sector collaboration sought ISLAMABAD: The collaboration between the government and the private sector can unlock new opportunities, attract... Published 25 Apr, 2024 03:05am
TEVTA and PSA sign MoU LAHORE: The MoU ceremony between Tevta and Pakistan Solar Association was held at Tevta Secretariat Lahore. Chairman... Published 25 Apr, 2024 03:05am
All uplift schemes: GIS mapping to be conducted LAHORE: The Lahore district administration has decided to carry out GIS (Geographic Information System) mapping of... Published 25 Apr, 2024 03:05am
RUDA launches operation against tire-burning factories LAHORE: In a move towards environmental preservation, the Ravi Urban Development Authority (RUDA) has launched an... Published 25 Apr, 2024 03:05am
Pak-China Business Council team visits Nawaz Sharif IT City to explore investment opportunities LAHORE: A high-profile delegation from the Pak-China Business Council, led by Christine Liu Lie, General Manager of... Published 25 Apr, 2024 03:05am
Punjab PA demands resolution of issues facing farmers LAHORE: The Punjab Assembly session on Wednesday saw members from both opposition and treasury benches raising their... Published 25 Apr, 2024 03:05am
Two PTI-backed independent MNAs: LHC sets aside notices of ECP LAHORE: The Lahore High Court on Wednesday set aside notices of the Election Commission of Pakistan (ECP) issued to... Published 25 Apr, 2024 03:05am
Maryam approves ‘Own Roof…Own Home’ project LAHORE: Chief Minister Punjab Maryam Nawaz Sharif, while approving “Apni Chhat... Apna Ghar (Own Roof…Own... Published 25 Apr, 2024 03:05am
New yet incomplete Senate to meet today ISLAMABAD: With 11 seats of Khyber Pakhtunkhwa Assembly still lying vacant in the Senate, following the postponement... Published 25 Apr, 2024 03:05am
NA: Delay in formation of house panels causes concern ISLAMABAD: The inordinate delay in constituting the standing committees echoed in the National Assembly on Wednesday... Published 25 Apr, 2024 03:05am
Pak envoy in Kabul spells out challenges facing Pakistan ISLAMABAD: Pakistan’s Special Representative on Afghanistan Ambassador Asif Durrani on Wednesday highlighted that... Published 25 Apr, 2024 03:05am
Israel launches ‘offensive action’ in Lebanon as Gaza pummelled JERUSALEM: Israel said Wednesday its forces were carrying out “offensive action” in Lebanon after launching... Published 25 Apr, 2024 03:05am
Europe Russia detains deputy of defence minister MOSCOW: Russian security services detained one of Defence Minister Sergei Shoigu’s deputies on suspicion of taking... Published 25 Apr, 2024 03:05am
US quietly shipped long-range ATACMS missiles to Ukraine WASHINGTON: The United States in recent weeks secretly shipped long-range missiles to Ukraine for use in its battle... Published 25 Apr, 2024 03:05am
Columbia extends protest deadline after students agree to dismantle some tents NEW YORK: Columbia University students agreed to take down “a significant number” of the dozens of tents set up... Published 25 Apr, 2024 03:05am
Stocks PSX to delist voluntary Pak Suzuki Motor tomorrow KARACHI: Pakistan Stock Exchange (PSX) has accepted the request for voluntary delisting of Pak Suzuki Motor Company... Published 25 Apr, 2024 03:05am
Rs1m cheque given to KPC: Steps taken to clear outstanding dues of media houses: Tarar KARACHI: Federal Minister for Information and Broadcasting Attaullah Tarar on Wednesday said media in the country ... Published 25 Apr, 2024 03:05am
Gas pricing 2.0: transforming Pakistan’s energy landscape with WACOG In a move that could reshape the energy landscape of the nation, the government is now seriously considering the... Updated 25 Apr, 2024 03:27am
The Weather KARACHI: The weather report on Wednesday (April 24, 2024) and the forecast for Thursday (April 25, 2024)... Published 25 Apr, 2024 03:05am
Rates Index scales fresh peak KARACHI: Pakistan Stock Exchange on Wednesday made a new history and hit new highest-ever levels on the back of... Published 25 Apr, 2024 03:05am
Energy 17MW Ranolia hydropower project: KP approves rehabilitation, restoration PESHAWAR: The Khyber Pakhtunkhwa Cabinet which met under the chairmanship of Chief Minister Sardar Ali Amin Gandapur... Published 25 Apr, 2024 03:05am
PARTLY FACETIOUS: The journey from the cup to the lip is a bit longer than we thought “So perception as opposed to on the ground reality.” “I am not sure what you are referring to but the charge... Published 25 Apr, 2024 03:05am
Stocks Wall St slips as higher yields offset upbeat corporate earnings NEW YORK: Wall Street’s main indexes pared early gains to trade lower on Wednesday, as losses in heavyweight tech... Published 25 Apr, 2024 03:05am
Stocks STOXX 600 falls on banks drag; tech contains losses on ASMI boost PARIS: Europe’s benchmark stock index dropped on Wednesday as financials sagged on disappointing earnings from... Published 25 Apr, 2024 03:05am
Stocks China stocks higher as investors gauge US rate outlook SHANGHAI: China stocks closed up on Wednesday and tracked global peers higher as market sentiment was buoyed by... Published 25 Apr, 2024 03:05am
Stocks Nikkei closes above 38,000 points as tech shares soar TOKYO: Japan’s Nikkei share average locked in a third consecutive day of gains on Wednesday, tracking Wall Street... Published 25 Apr, 2024 03:05am
Rising energy tariffs, sinking economy Unless power tariffs for industrial consumers are rationalized immediately, economic catastrophe is imminent.... Published 25 Apr, 2024 03:05am
Sanctioning Iran? ‘Let’s not kid ourselves’ Watching the US House pass a $95 billion “aid package” for Ukraine, Israel and Taiwan (360-58) reminded me of a... Published 25 Apr, 2024 03:05am
Energy US natural gas prices drop on forecasts for less demand NEW YORK: US natural gas futures slipped about 5% on Wednesday on an outlook for reduced heating demand next week ... Published 25 Apr, 2024 03:05am
Energy Oil prices fall as US business activity cools NEW YORK: Oil prices were moderately lower on Wednesday as worries over conflict in the Middle East eased and... Published 25 Apr, 2024 03:05am
Rates Activities of Karachi Port Trust and Port Qasim KARACHI: The Karachi Port Trust handled 166,246 tonnes of cargo comprising 86,554 tonnes of import cargo and 79,692... Published 25 Apr, 2024 03:05am
Cotton & Textile Cotton spot rates KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday, (April 24, 2024)... Published 25 Apr, 2024 03:05am
Cotton & Textile Spot rate loses Rs500 per maund LAHORE: The Spot Rate Committee of the Karachi Cotton Association (KCA) on Wednesday decreased the spot rate by Rs... Published 25 Apr, 2024 03:05am
Commodities Gold little changed as spotlight shifts to US BENGALURU: Gold prices steadied on Wednesday as risk premiums over tensions in the Middle East eased while investors... Published 25 Apr, 2024 03:05am
Letters Sanity gaining ground An incarcerated Pakistan Tehreek-e-Insaf (PTI) founding chairman, Imran Khan, has rejected the reports of any deal... Published 25 Apr, 2024 03:05am
Rates LME official prices LONDON: The following were Tuesday official prices. ========================================= ALUMINIUM... Published 25 Apr, 2024 03:05am
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 25 Apr, 2024 03:05am
Forex Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Exchange Companies Association of Pakistan on... Published 25 Apr, 2024 03:05am
Forex Dollar's rate in interbank market KARACHI: Interbank closing rates for dollar on Wednesday (April 24, 2024). ======================== Open Bid... Published 25 Apr, 2024 03:05am
Forex Kerb buying and selling rate of US dollar KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (April 24, 2024).... Published 25 Apr, 2024 03:05am
Rates Shipping Intelligence KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (April 24, 2024).... Published 25 Apr, 2024 03:05am
Grains Lahore Grain Market Rates LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (April 24, 2024)... Published 25 Apr, 2024 03:05am
Paper Lahore Paper Market Rates LAHORE: Paper market rates in rupees on Wednesday (April 24, 2024). ======================================= Offset... Published 25 Apr, 2024 03:05am
Rates BRIndex100 and BR Sectoral Indices KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (April 24, 2024). ==================================== BR... Published 25 Apr, 2024 03:05am
Talks with IMF: Blome expresses optimism ISLAMABAD: The United States Ambassador to Pakistan Donald Blome commended the new economic team of Pakistan and... Updated 25 Apr, 2024 09:00am
FBR’s POS system: 1,680 Tier-1 retailers told to integrate by May 31st ISLAMABAD: The Federal Board of Revenue (FBR) has directed 1,680 Tier-1 (big) retailers to integrate with the FBR’s... Updated 25 Apr, 2024 09:00am
PM vows to deal with challenges facing Sindh govt KARACHI: Prime Minister Shehbaz Sharif, on Wednesday chaired a meeting with Sindh Chief Minister Murad Ali Shah, and... Updated 25 Apr, 2024 08:54am
Tax law amendment bill introduced in NA ISLAMABAD: The government, Wednesday, introduced the Tax Law Amendment Bill, 2024, in the National Assembly,... Updated 25 Apr, 2024 08:53am
Liquidation of certain appellate fora: Cabinet approves amendments to tax laws Cabinet informed that FBR had been constantly trying to ensure prompt disposal of litigation cases Updated 25 Apr, 2024 09:42am
NTDC bars CE (DTLP) from discussing tender of Dasu-ISW ISLAMABAD: National Transmission and Despatch Company (NTDC) has reportedly barred its Chief Engineer (DTLP) from... Updated 25 Apr, 2024 09:19am
Net metering power: Govt mulling bringing buyback rates down to Rs11/unit from Rs21 Current trend has misbalanced govt's plan to pay capacity charges, sources say Updated 25 Apr, 2024 10:07am
Investment and loss reduction: KE’s 7-year plan approved by Nepra ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved a seven-year (2023- 29) KE... Updated 25 Apr, 2024 08:59am
Joint statement: Islamabad, Tehran agree to seal FTA ISLAMABAD: Pakistan and Iran have agreed to expeditiously finalise a Free Trade Agreement (FTA) and to further... Updated 25 Apr, 2024 09:40am
Ministers to discuss trade issues with KCCI: PM to announce relief package on May 1 KARACHI: Prime Minister Shehbaz Sharif, after listening to the grievances highlighted by the Karachi Chamber,... Updated 25 Apr, 2024 09:19am
Upcoming budget: Experts support stabilisation reforms ISLAMABAD: In the context of a forthcoming IMF program and upcoming budget for FY 2024-2035, economic minds on... Updated 25 Apr, 2024 08:54am
Commodities Regularization of commercial use of agri land on the anvil LAHORE: The Punjab government plans to regularize commercial use of agricultural land in different areas. A meeting... Published 25 Apr, 2024 03:05am
Increasing violence EDITORIAL: During the recent days terrorists have attacked seemingly unusual targets while seeking to undermine this... Published 25 Apr, 2024 03:05am
Chronic power defaulters EDITORIAL: So, once again the government faces the “challenging task” of extracting recoveries – this time more than... Published 25 Apr, 2024 03:05am
Energising the SME sector EDITORIAL: In yet another bid to encourage the growth of small and medium-sized enterprises (SMEs), the government... Published 25 Apr, 2024 03:05am
Commodities Paris wheat around 3-month highs on weather worries, short covering HAMBURG/PARIS: New-crop Euronext wheat resumed a rally on Wednesday to reach fresh highs since January, as weather... Published 25 Apr, 2024 03:05am
Commodities Japanese rubber futures slip SINGAPORE: Japanese rubber futures fell for a second consecutive session on Wednesday tracking lower physical prices... Published 25 Apr, 2024 03:05am
Commodities Malaysian palm oil futures lower SINGAPORE: Malaysian palm oil futures surrendered earlier gains to reverse a two-day climb on Wednesday amid waning... Published 25 Apr, 2024 03:05am
Commodities PMEX daily trading report KARACHI: On Tuesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR30.762... Published 25 Apr, 2024 03:05am
Commodities Copper back on rise despite lack of Chinese buyers LONDON: Copper resumed its upward momentum on Wednesday after a two-session pause, but traders said Chinese consumer... Published 25 Apr, 2024 03:05am
Commodities Iron ore rebounds to six-week high BEIJING: Prices of iron ore futures rebounded on Wednesday to the highest level in more than six weeks, aided by... Published 25 Apr, 2024 03:05am
Pakistan misses wheat production target Estimated production at 29.69 million tons against set target of 32.2 million for the Rabi Season 2023-2024 Updated 25 Apr, 2024 12:40pm
Industry Tajir Dost App receives very little response ISLAMABAD: Only 105 shopkeepers and retailers are registered with ‘Tajir Dost App’ of the Federal Board of... Published 25 Apr, 2024 03:05am
Insurance sector: SECP advocates adoption of IFRS-17 KARACHI: The Institute of Chartered Accountants of Pakistan (ICAP) held a seminar in collaboration with Asian... Published 25 Apr, 2024 03:05am
Tax-related disputes: SOEs allowed to adopt ADR facility before litigation ISLAMABAD: The government has decided to allow state-owned enterprises (SOEs) to first avail the facility of the... Published 25 Apr, 2024 03:05am
Industry SECP nominates special public prosecutors ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has nominated Special Public Prosecutors to... Published 25 Apr, 2024 03:05am
Industry SECP, IFSB Malaysia joint workshop: Development of Islamic capital markets in Pakistan fully supported ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) fully supported development of Islamic capital... Published 25 Apr, 2024 03:05am
Industry Indonesian CG visits KATI KARACHI: Consul General of Indonesia Dr. June Kuncoro has urged for decisive actions to bolster trade relations... Published 25 Apr, 2024 03:05am
DRAP asks drug makers, importers to comply with guidelines ISLAMABAD: The Drug Regulatory Authority of Pakistan (DRAP) has directed the local pharmaceutical industry and drug... Published 25 Apr, 2024 03:05am
Industry IPO to celebrate World IP Day tomorrow ISLAMABAD: The annual World Intellectual Property Day, observed on April 26, is set to focus on the theme “IP and... Published 25 Apr, 2024 03:05am
Industry Forced layoffs, gas supply cut: PSM employees to hold protest today KARACHI: Employees of Pakistan Steel Mills (PSM) have announced a protest along with their families on Thursday... Published 25 Apr, 2024 03:05am
Construction of vital trade corridor will begin next week: minister LAHORE: Punjab’s Minister for Communication and Works, Sohaib Ahmad Bharath, announced plans to commence the... Published 25 Apr, 2024 03:05am
Taxes Fan manufacturer fails to stop FBR from monitoring production LAHORE: A fan manufacturer has failed to stop the Federal Board of Revenue (FBR) from posting officers at his... Published 25 Apr, 2024 03:05am
Taxes Tax-related issues: LCCI urges PM to help defer new amendments LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has sought Prime Minister Shahbaz Sharif’s help for... Published 25 Apr, 2024 03:05am
Money & Banking Yen slumps, hits 155 per dollar NEW YORK: The yen dropped against the US dollar on Wednesday to its weakest since mid-1990, with markets alert to ... Published 25 Apr, 2024 03:05am
Money & Banking Australian dollar jumps SYDNEY: The Australian dollar jumped on Wednesday while bonds tumbled by the most in 10 months as a hot reading on... Published 25 Apr, 2024 03:05am
Money & Banking Indian rupee ends moderately higher MUMBAI: The Indian rupee ended slightly higher on Wednesday as dollar demand from local oil companies and importers... Published 25 Apr, 2024 03:05am
Money & Banking China’s yuan steady on weaker dollar SHANGHAI: China’s yuan was largely steady on Wednesday, off a five-month low it hit in the previous session, as ... Published 25 Apr, 2024 03:05am
Companies FFC launches ‘Sona Boron DAP’ LAHORE: Fauji Fertilizer Company Limited, a Pakistan’s leading fertilizer manufacturing and distributing company... Published 25 Apr, 2024 03:05am
Companies MALC CEO Lobo honoured with Cross of the Order of Merit KARACHI: Mervyn Francis Lobo, CEO of the Marie Adelaide Leprosy Centre (MALC), has been honoured with the Cross of... Published 25 Apr, 2024 03:05am
Money & Banking MCB posts profit before tax of Rs32.5bn for Q1-2024 KARACHI: The Board of Directors of MCB Bank Limited (MCB) in its meeting under the Chairmanship of Mian Mohammad... Published 25 Apr, 2024 03:05am
