With thousands of fans in the National Stadium Karachi (NSK) appear merriment over the return of Pakistan's biggest sports event 'HBL PSL V 2020' in the country. As many as 350 artists have performed in the opening ceremony of the HBL PSL 2020 held at NSK

State Bank of Pakistan (SBP) Governor Dr Reza Baqir Thursday said that attention was being paid to promote money transaction through electronic and digital means. He added that a platform is in process of being launched to promote micro payment gateway, h

Pakistan can grow at a faster rate only by doubling the investment rate, especially in the private sector, and through sustained structural reforms, said World Bank (WB) Country Director to Pakistan Illango Patchamuthu.

The federal government is to direct power and gas utilities companies including K-Electric to hold meetings with State Bank of Pakistan (SBP) and licensed credit bureaus for provision of data for reforms under the Ease of Doing Business (EODB), sources in

The federal cabinet on Thursday imposed a ban on the export of potato, tomato and onion in order to control the prices of these edible items. The cabinet also decided to release 100,000 tons of wheat to Sindh and the erstwhile FATA.

After moving both ways, Pakistan Stock Exchange Thursday settled on a negative note due to selling by local and foreign investors.

Haroon Akhtar Khan is likely to be appointed as Special Assistant to Prime Minister on Revenue and a notification in this regard is expected to be issued within this week. According to sources, the Special Assistant to Prime Minister on Revenue would prim

Switzerland's financial watchdog on Thursday issued scathing criticism of Julius Baer private bank for failing to do enough to combat money laundering for years. The Swiss Financial Market Supervisory Authority (FINMA) said in a statement it was appointin

Pakistan's exports to China are expected to further decline in February due to coronavirus outbreak. The expected affects of this situation came under discussion at a meeting held at the commerce ministry.

In order to demonstrate Pakistan's unequivocal solidarity with the Chinese leadership and the people in the wake of outbreak of COVID-19 (coronavirus), Prime Minister Imran Khan had a telephone conversation with President Xi Jinping on Thursday.

Chinese Ambassador to Pakistan Yao Jing on Thursday sought to address the doubts that exist both locally and internationally over the massive Chinese investment through the China-Pakistan Economic Corridor (CPEC) in the country, saying before deciding any

Barrister Khalid Jawed Khan would replace Anwar Mansoor as new Attorney General for Pakistan (AGP) and in this regard a notification is expected to be issued today (Friday), according to sources.

Incumbent Chief Executive Officer (CEO) of Pakistan International Airlines Corporation Limited (PIACL) has been asked whether he likes to retain the post of the CEO of the national flag carrier or of Air Marshal of Pakistan Air Force (PAF).

The United States on Thursday blacklisted five Iranian officials, accusing them of preventing free and fair elections, a day before a parliamentary vote being seen as a referendum on the handling of various political and economic crises.

The Supreme Court Thursday directed the Federal Board of Revenue (FBR) to file reply on the objections raised by Islamabad High Court (IHC) regarding setting up of Pakistan Revenue Automation (Pvt) Ltd (PRAL) without following the PPRA Rules in one month.

A parliamentary panel Thursday approved amendments to the Privatisation Commission Ordinance 2002, which will allow the commission to run its business without prior approval from the Cabinet Division.

Donald Trump's longtime ally Roger Stone was sentenced Thursday to 40 months in prison for impeding a congressional investigation, in a case that ignited a firestorm over the US president's political interference in the justice system.

The Lahore High Court (LHC) on Thursday directed Ibrahim Maneka, son of first lady Bushra Bibi, to appear before the court on February 24 and explain about the matter of kidnapping of two brothers with the assistance of police.

Two German tourists were killed Thursday in an avalanche while on a snowmobile tour in Norway, authorities said.

Two fertilizer plants - M/s Fatimafert and M/s Agritech have reportedly approached Ministry of Industries and Production (MoI&P) seeking early approval of regulatory process to import LNG sans subsidy and swap it with gas companies by using their network,

Freelance reporter Ahmer Khan was named the winner of the 2019 Agence France-Presse Kate Webb Prize on Thursday for his coverage on the ground in India-controlled Kashmir during Delhi's lockdown of the region.

A gunman with suspected far-right links shot dead nine people, some of them migrants from Turkey, in an overnight rampage through a German city before killing himself, officials said.

Tourism is travel; it is in fact much more than that.

Most of the fire at the Democratic presidential debate in Nevada on Wednesday was aimed at the newcomer on the stage, former New York Mayor Michael Bloomberg.

It seems to be a chicken and egg situation: inflation will fall first; only then will State Bank of Pakistan (SBP) lower its policy rate, or the policy rate will drop before inflation rate falls. In other words, it is impossible to decide which of two thi

In the Supreme Court of Pakistan, Suo Motu Case No. 2 of 2018 re 'Maintaining of Foreign Accounts by Pakistani Citizens Without Disclosing the Same/Paying Taxes', is still pending for adjudication. It started on February 1, 2018 and after many hearings, f

Whilst millions of children in this country remain out of school, no less worrying is the quality of education offered to those who get to attend school. The annual Status of Education Report, launched by a reputable NGO in Islamabad recently, makes deepl

Mystery surrounds the leakage of a toxic gas in Karachi Port's Keamari area on Sunday night that left over 14 persons dead and hundreds hospitalized with breathing problems. All suspects - Karachi Port Trust, Pakistan International Containers Terminal, an

Prime Minister Imran Khan has directed the Ministry of Interior, federal and provincial law enforcement agencies, and Federal Board of Revenue (FBR) to launch a joint operation to stop smuggling of essential commodities. There is no doubt that smuggling h

In order to induct clean renewable energy in the system, NTDC has initiated projects for construction of 220 KV Jhampir 2 grid, along with interconnecting transmission lines.

Pakistan Muslim League-Nawaz (PML-N) will launch its protest movement against the government's flawed economic policies with or without the support of other opposition political parties including JUI-F and PPP.

Pakistan expressed its hope on Thursday that the United States President Donald Trump will raise the issues of the people of occupied Jammu and Kashmir with India and take forward his offer of mediation during his forthcoming visit to New Delhi.

UK Labour Party parliamentarian hailing from Gujrat Yasmin Qureshi called on Punjab Assembly Speaker Chaudhary Parvez Elahi and MNA Chaudhary Salik Hussain here on Thursday. In the meeting MPA Khadeeja Omar was also present during which views were exchang

The Accountability Court hearing Reshma Rental Power Plant (RPP) and the Gulf Power Generation Company (Ltd) cases against former prime minister Raja Pervez Ashraf and others on Thursday sought reply from the National Accountability Bureau (NAB) on acquit

Chief of the Army Staff (COAS) General Qamar Javed Bajwa has paid an official day-long visit to Kuwait, according to a statement issued by the Inter-Services Public Relations (ISPR) on Thursday. COAS Bajwa held meetings with Kuwaiti Deputy Prime Minister

Special Assistant to PM on Capital Development Authority Ali Nawaz Awan along with chairman CDA Thursday assured traders of resolving their genuine issues. A delegation of Islamabad Chamber of Commerce and Industries (ICCI) met SAPM Ali Nawaz Awan and Cha

Though the Election Commission of Pakistan (ECP) continues to hear foreign funding case involving all three major political parties of the country, on account of apparent complexities in the electoral laws, proving allegations against any look rather diff

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $74 million to $12.504 billion during the week ended February 14, 2020. According to the SBP data released Thursday, the total liquid foreign exchange reserves held by the

AAM Loug Ittehad Pakistan (ALIP) has requested the Supreme Court of Pakistan (SC) to take suo motu action and order an independent probe into the mysterious toxic gas leak that claimed 14 lives and affected over 250 persons.

Two days ago a video went viral where a man visited the premise to be place a lock on gas meter in Shah Faisal Colony. SSGC has confirmed that the man is outsourced employee (from approved contractors) of SSGC who is responsible for disconnecting gas conn

PSO spokesperson Imran Rana said that after a careful analysis of the ongoing situation, the PSO management has decided to resume its operations at the Keamari terminal, Karachi, according to a statement issued to the media.

Chinese Consul-General Li Bigian on Thursday asked Pakistani entrepreneurs and traders to avail benefits of the Free Trade Agreement (CPFTA) Phase-II. Speaking at a "Meet the Press" event at the Karachi Press Club (KPC) he said that Pakistani exports to C

The US Ambassador to Pakistan, Paul W Jones visited Mondelez Pakistan Limited's confectionery plant in Hub, Balochistan as part of his official visit to Karachi and Hub. He was accompanied by the embassy staff and the organisation's senior leadership that

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said majority of the population is feeling the pain of increased cost of living and the corporate sector must increase its spending on the wellbeing of less fortunate to

Secretary Railway is required to furnish the decision of Executive Committee of the National Economic Council (ECNEC) related to handing over the operation and running of Karachi Circular Railway (KCR) to Sindh Government in Supreme Court (SC) on February

Provincial Minister for Labour, Education, Literacy and Human Resources Saeed Ghani has said that the Sindh government is making smart cards for 600,000 workers with the help of NADRA to eliminate fake registration cards in SESSI.

United Nations Development Programme (UNDP) and, United Nation International Children's Emergency Fund (UNICEF) have joined hands with the government of Khyber Pakhtunkhwa to improve girls' access to quality education in Kurram and Orakzai districts.

The National Transmission and Despatch Company Limited (NTDC) has granted cash reward of Rs2,598,000 for NTDC players and their coaches for their extraordinary performance in different disciplines during the 13th South Asian Games-2019 held in Nepal.

Department of Plant Protection (DPP), Ministry of National Food Security and Research on Thursday clarified that ship, carrying import consignment of soybean for oil extraction purpose, was not fumigated with Methyl Bromide as it was found free from live

The governing council of the Asian and Pacific Centre for the Development of Disaster Information Management (APDIM) has elected Lt General Mohammad Afzal, chairman National Disaster Management Authority (NDMA) Pakistan, as the new chief of the organisati

Prime Minister Imran Khan will launch Rs 15 billion Ehsaas Amdan Programme on Friday (today) designed to provide financial support to the most vulnerable women as well as youth, to earn sustainable livelihood.

National Assembly Standing Committee on Defence on Thursday learnt that cyber crimes had significantly increased and the Federal Investigation Agency (FIA) received over 56,000 related complaints during 2019, and 1,086 cases were registered.

Access Group has been a partner of Verifone for more than 18 years. Together, with Access Group's local expertise and Verifone's next-gen Point of Sale payment products and solutions, they have been leading the digital payments landscape in Pakistan.

To promote the values of peace, justice and tolerance, António Guterres, the ninth Secretary-General of the United Nations (UNSG), at a ceremony hosted by LUMS on February 18, 2020 met and exchanged ideas with the Pakistani youth.

Deputy Inspector-General of Police (Operations) Rai Babar Saeed said on Thursday that they have prepared a "coordinated security plan" according to which citizens, especially traders, would be "least disturbed" during the Pakistan Super League (PSL) match

British Ambassador Gillian Rogers has said that UK is establishing its own GSP Plus scheme or a similar arrangement to maintain the current level of merchandise exports by Pakistan to UK. Increase in bilateral trade is obviously of more interest to the bo

Lahore High Court Chief Justice Mamoon Rashid Sheikh on Thursday dismissed a petition seeking contempt proceedings against Prime Minister Imran Khan for his alleged anti-judiciary speech.

"The future will be driven by technology and Amreli Steels continues to demonstrate its position as the market leader by embracing technology, moving towards becoming a smart company and ultimately benefiting the customer," said Mazhar Husain, Head of Sal

While for the first time, the Pakistan Super League-V (PSL-V) is being staged in Pakistan, Chief Minister Punjab Sardar Usman Buzdar has expressed good wishes for the teams taking part in the event. "Every PSL team is my favourite and I congratulate Pakis

Chief Election Commissioner Sikandar Sultan Raja visited the Election Commissioner Punjab on Thursday. Ghulam Israr Khan, Election Commissioner Punjab, welcomed him and briefed him in detail about the elections in the province of Punjab and related admini

Faysal Bank is one of the fastest growing banks in Pakistan and is on its journey to convert from a conventional bank to a full fledged Islamic Bank, which is regarded as the largest conversion in the financial sector.

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto has urged the government to scrap its anti-people deal with the International Monetary Fund (IMF) and renegotiate a pro-Pakistan deal.

As a result of political pressure by the Association of Private Universities of Punjab, mostly owned by owners of the media houses, the Punjab government on Thursday surrendered and announced to solve all the issues of accreditation and unauthorised sub-c

A seminar held by the Pakistan Bar Council and the Lahore High Court Bar Association on Thursday rejected the government's decision to regulate social media. The seminar addressed by politicians, journalists, rights activists and lawyers also condemned se

"I am against Joint Investigation Teams."

The Sindh government and Japan International Cooperation Agency (JICA) have agreed to launch two different projects for improvement of livelihood and well-being of female home-based workers and establishment of Maternal and Child health Centre at Liaquat

Senate Standing Committee on Cabinet Secretariat has recommended stopping downsizing of low-level employees of the Pakistan Tourism Development Corporation (PTDC) and has summoned its Chairman Zulfi Bukhari at the next meeting.

Ambassador of Kingdom of Morocco, Mohammed Karmoune advised the business and industrial community to arrange trade delegations' visit at least twice a year in order to explore trade and investment opportunities in Morocco which is the gateway to the Afric

The Islamabad High Court (IHC) on Thursday granted last opportunity to the federal government to submit reply regarding appointment of 15 special assistants to Prime Minister Imran Khan.

The federal and the provincial governments have decided to seek legal opinion to settle the issue of ownership of the Sui gas field subsequent to 18th Constitutional Amendment.

Capital Development Authority (CDA) sealed 17 more commercial premises in continuation of massive campaign against violators of building by-laws and zoning regulations.

Meezan Bank's Shariah Supervisory Board approved guidelines for digital Mudarabah-based mobile account to support financial inclusion in Pakistan during 46th Shariah Supervisory Board meeting.

Federal Minister for Planning, Development and Special Initiatives Asad Umar chaired a meeting along with the Federal Minister for Science and Technology Fawad Chaudhry to discuss the issues related to the establishment of the university at the Prime Mini

The Federal Board of Revenue (FBR) is working out the revenue impact of freight tax imposed on shipping companies for possible withdrawal of the tax in the coming budget under the policy of ease of doing business.

Marko is an experienced Finnish entrepreneur and innovator with a number of game-changing Internet of Things (IoT) products to his credit. His latest venture, Kipuwex, which he leads, has made entry into the Pakistan market. On his maiden visit to Pakista

US Secretary of State Mike Pompeo visited American troops in Saudi Arabia Thursday after talks with King Salman on the second day of a visit focused on countering Iran.

Qatar accused Saudi Arabia on Thursday of barring its health minister from a summit of Gulf countries gathering to discuss the regional response to the new coronavirus epidemic.

Swiss President Simonetta Sommaruga is turning 60 on May 14 and is planning a party with a difference by inviting along all Swiss citizens who share her birthday.

Georgia, Britain and the United States on Thursday accused Russia of orchestrating a "reckless" cyber assault against the pro-Western Caucasus nation last year as part of an aggressive campaign of online attacks worldwide.

Oman's Sultan Haitham bin Tariq issued a decree removing the name of his predecessor from the national anthem Thursday, a day after official mourning for Sultan Qaboos ended.

Clashes pitting Turkish forces and their Syrian rebel allies against pro-regime forces left 27 fighters dead Thursday including two Turkish soldiers in the northwestern Syrian province of Idlib, a war monitor reported.

The streets of South Korea's fourth-largest city were abandoned on Thursday, with residents holed up indoors after dozens of people caught the coronavirus in what the authorities described as a "super-spreading event" at a church.

A secure internet site designed to facilitate anonymous complaints of corruption and damage to the environment in Latin America was launched Wednesday by three non-governmental organisations.

With the US presidential campaign heating up, the White House continues to look backward, comparing President Donald Trump's economic record to his predecessor Barack Obama.

Euronext wheat edged lower on Wednesday as Chicago futures fell after a day-earlier surge while European traders assessed signs of an easing in export demand after a flurry of overseas sales.

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,266.

Australia said on Tuesday its 2019/2020 wheat harvest was the lowest in 12 years, missing its forecast, as a severe drought across the east coast wilted crops.

India's poultry industry has lost 13 billion rupees ($182 million) in three weeks after speculation on social media that chickens are a cause of the spread of coronavirus, denting demand for chicken and nearly halving prices, say industry officials.

The Karachi Port handled 112,962 tonnes of cargo comprising 70,012 tonnes of import cargo and 42,950 tonnes of export cargo including 8,037 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.

Official spot rate declined modestly on the cotton market on Thursday in the process of trading, dealers said.

Iron ore futures in China rose for a seventh straight session on Wednesday amid lingering concerns over tightening seaborne supplies, even as miner Fortescue Metals Group maintained its shipments' estimate for fiscal 2020.

The Japanese yen traded near a nine-month low against the dollar on Thursday as risk appetite improved on expectations that China will continue to take steps to reduce the economic impact of the coronavirus outbreak.

The Japanese yen fell past 112 against the dollar to a 10-month low on Thursday, extending its previous day's slide to post its worst two-day performance in over two years against a broadly strengthening greenback.

The yen fell past 112 to a 10-month low against a broadly stronger US dollar on Thursday, extending recent losses for the Japanese currency as investors fretted about dire economic news out of the country.

The US dollar climbed on Wednesday to near a three-year high against a basket of other currencies and the safe-haven yen fell to a nine-month low as investor risk appetite grew due to a decline in the number of new coronavirus cases in China and expectati

South Africa's rand fell on Thursday as emerging-market currencies reeled under pressure from a firmer US dollar, while investors awaited finance minister's budget speech next week and a Moody's rating review next month for clues about the domestic econom

Asian currencies weakened against a stronger dollar on Thursday as fears of the economic impact from the coronavirus outbreak prompted a wider sell-off in the region.

Sterling plunged to a three-month low against the dollar on Thursday as the US currency's broad-based strength swept away recent pound gains that were driven by the appointment of a new, potentially high-spending British finance minister.

Latin American currencies took a beating on Thursday, as investors fretted over the global spread of the coronavirus after cases outside of China rose, with Brazil's real hitting a new low amid rising safe-haven buying of the US dollar.

The Australian dollar slid to a near 11-year trough on Thursday as data showing a surprisingly sharp rise in unemployment added to the case for further cuts in interest rates at a time when markets were already skittish over the coronavirus.