Samsung Electronics said Friday it expects operating profit to tumble 56 percent for the second quarter of this year in the face of a weakening chip market. The world's largest maker of smartphones and memory chips has enjoyed record profits in recent yea

Germany's struggling lender Deutsche Bank said Friday the chief of its investment banking division was leaving the institution "by mutual agreement" ahead of a vast restructuring exercise.

US President Donald Trump on Friday lobbed another attack on the Federal Reserve, accusing it of incompetence for failing to stimulate the economy.

Polish lawmakers have approved a measure that would exonerate most workers under the age of 26 from income taxes as the country seeks to stem the flow of its young people to other EU nations in search of better paying jobs.

The Malaysian producer of Hollywood film "The Wolf of Wall Street" and stepson of the country's disgraced ex-leader was Friday charged with illegally receiving almost $250 million from state fund 1MDB. Riza Aziz pleaded not guilty to five charges of money

The Canadian economy lost 2,200 jobs in June and the unemployment rate ticked up slightly to 5.5 percent as more people sought work, the government statistical agency reported on Friday.

The International Monetary Fund on Friday reached an agreement with Argentina that will release the next $5.4 billion disbursement under the loan program aimed to help stabilize the South American nation's economy.

US job growth rebounded strongly in June, with government payrolls surging, but persistent moderate wage gains and mounting evidence the economy was losing momentum could still encourage the Federal Reserve to cut interest rates this month.

Sri Lanka captain Dimuth Karunaratne has urged his country's cricket chiefs to help more players enter overseas Twenty20 leagues to make up for the limitations of their domestic structure.

Kuwait has been cleared to compete in the 2020 Olympics after the International Olympic Committee (IOC) announced on Friday it was lifting the suspension it imposed on the Kuwait Olympic Committee (KOC) four years ago.

Australia and India will be aiming to finish top of the World Cup league phase and so avoid facing hosts England in the semi-finals as they prepare for the final day of round-robin matches.

The Cricket World Cup final will be available to watch on free-to-air television across Britain if England reach the climax of the 50-over showpiece, Sky Sports announced Friday.

Pakistan thumped Bangladesh by 94 runs in their final World Cup group match on Friday but it was not enough to earn them a place in the semi-finals as New Zealand went through on net run-rate.

Defending champion Novak Djokovic went level with Boris Becker's mark of 12 appearances in the Wimbledon fourth round on Friday despite a mid-match blip.

Kevin Anderson, the 2018 runner-up, was dumped out of Wimbledon on Friday, leaving just four of the top 10 seeds in the tournament.

Alibaba's founder Jack Ma and the e-commerce giant's digital payments arm Alipay will contribute to a $145 million donation for Chinese women's football, it was announced Friday, who despite underfunding routinely outperform the men's national team.

The Australian and New Zealand dollars held still on Friday ahead of data on US payrolls that could shake up expectations for how sharply the Federal Reserve might cut interest rates this month. The Aussie was a shade firmer at $0.7028 and comfortably abo

The dollar was firm on Friday but traders held off on making big bets ahead of the closely-watched US non-farm jobs report that could influence the course of near-term Federal Reserve policy. The dollar index against a basket of six major currencies stood

The US dollar gained against a basket of currencies to its highest levels in 2-1/2 weeks on Friday after data showed that US job growth rebounded strongly in June. Non-farm payrolls increased by 224,000 jobs last month, the most in five months, and more t

The euro fell a fifth of a percent against the dollar on Friday and is set for its biggest weekly drop in three weeks as a relentless slide in government bond yields forced investors to look for higher-yielding assets elsewhere. Falling yields globally ha

The rand slumped on Friday as data showing US job growth rebounded strongly in June sent the dollar sharply higher, while the resources sector led South African stocks lower. The South African currency was on course for a fall of around 0.8% for the week

Emerging Asian currencies were subdued on Friday as investors stayed cautious ahead of US employment data likely to help determine the Federal Reserve's path on monetary policy. Expectations of a July interest rate cut have risen lately due to a raft of w

After a year of relentless currency crisis, a credit freeze and slide into recession, some global investors are betting Turkey has weathered the worst of its biggest financial and economic shock since its 2001 banking collapse - by accident or design. Whi

After a year of relentless currency crisis, a credit freeze and slide into recession, some global investors are betting Turkey has weathered the worst of its biggest financial and economic shock since its 2001 banking collapse - by accident or design. Whi

The British pound hit a six-month low on Friday, having lost more than 1% over the week against the dollar after poor economic data and a rise in expectations that the Bank of England will cut interest rates. Better-than-expected US non-farm payrolls data

The rule of law has eroded in Venezuela, the UN rights chief warned Friday, pointing to attacks on political opponents and activists, including torture and thousands of killings by security forces.

UNESCO's World Heritage Committee voted on Friday to list the sprawling Mesopotamian metropolis of Babylon as a World Heritage Site after three decades of lobbying efforts by Iraq.

Mad Magazine has amused and outraged readers for nearly seventy years but now it is being pulled from newsstands, triggering testimonials from comedians and cartoonists.

A foundation set up to compensate victims of Japan's wartime sex slavery has been formally dissolved, South Korean officials said Friday, the latest chapter in a bitter dispute over the two countries' shared history. The $8.8 million fund was established

The UN Security Council called Friday for a ceasefire in Libya as the death toll from a three-month offensive on Tripoli reached 1,000 including scores killed in an air strike that hit a detention center for migrants.

NATO chief Jens Stoltenberg warned Friday that the chances of saving a landmark Cold War arms treaty were decreasing day by day, after talks with Russian officials failed to yield any breakthrough. Russia and the United States have both suspended their pa

Somalia has cut diplomatic relations with Guinea after the head of the self-proclaimed Republic of Somaliland visited the West African country, the foreign ministry in Mogadishu has said.

Sri Lanka's Supreme Court on Friday suspended President Maithripala Sirisena's moves to end a 43-year-old moratorium on capital punishment by hanging four drug convicts. The court banned any executions until it has ruled on a petition seeking a declaratio

Seven people have been reported dead in a helicopter crash off the Bahamas, including US billionaire coal magnate Chris Cline. The chopper went down near a small outcrop in the country's north early on Thursday morning, the Nassau Guardian newspaper repor

Thousands of high-school students in France received only provisional results from their baccalaureat exams on Friday due to a strike by hundreds of teachers who have refused to return marked papers. Around 700 striking teachers did not return their marki

British singer Joss Stone said she was "gutted" after being deported from Iran ahead of the latest leg of a world tour that has already taken her to Syria and North Korea.

Eva Mozes Kor, a survivor of Auschwitz and the death camp's infamous doctor Josef Mengele, has passed away in Poland during a trip to the Holocaust site, sources said. The Romanian-born Kor, who founded the Candles Museum in Terre Haute, Indiana and devot

Germany and Poland urged Friday that countries such as Albania and North Macedonia be integrated into the EU, despite reluctance from France, the Netherlands and other northern member states. Their arguments came during a summit in Poznan, western Poland,

Oil futures rose on Friday as tensions over Iran and an extension to output cuts by Opec and its allies boosted prices, but mixed economic data limited the rally. Brent crude futures settled at $64.23 a barrel, up 93 cents, or 1.47%. US West Texas Interme

ICE cotton futures fell 1 percent in low-volume trading on Friday with many market participants staying away in a holiday-shortened week and as positive export sales data failed to cheer a market hoping for increased buying from China, the largest consume

Gold slid as much as 2% on Friday and was set for its first weekly fall in seven weeks after data showed US jobs growth rebounded strongly in June, which lowered the likelihood of an interest rate cut by the Federal Reserve this month. Spot gold dropped 1

US soyabean futures fell about 1% and set a three-week low on Friday, pressured by relatively ample US stockpiles as traders shrugged off support from strong weekly export sales. Analysts attributed the weakness in futures to improved US crop weather and

Gold slid as much as 2% on Friday and was set for its first weekly fall in seven weeks after data showed US jobs growth rebounded strongly in June, which lowered the likelihood of an interest rate cut by the Federal Reserve this month. Spot gold dropped 1

Islamabad High Court has declared the purported conversion of Argentine Park as illegal and without lawful authority and jurisdiction. A division bench of IHC on Friday announced its reserved judgement on the petition of Yasmin Haider against the conversi

The National Highway Authority (NHA) Executive Board has approved the award of work for construction of two additional carriageway of Petaro-Sehwan (N-55) to the lowest evaluated bidder, M/s SGEC-AMC joint venture, at the evaluated/ corrected bid price of

The Securities and Exchange Commission of Pakistan (SECP) has delegated powers to the Commissioner (Insurance) to determine and impose the liquidated damages on an insurer in addition to amount of claim payable by such insurer.

State Minister for Revenue Hammad Azhar is expected to take some policy decision on the impact of increase in additional customs duty from 2 to 7 percent on the import of edible oil, having serious implication on prices of cooking oil. Industry experts to

Special Assistant to Prime Minister on information & Broadcasting Dr Firdous Ashiq Awan said on Friday that those who violated the law are facing the consequences as they had not even thought about equal application of law.

An Accountability Court on Friday extended physical remand of Abdul Ghani Majeed, son of Chairman Omni Group Anwar Majeed, in the multibillion rupees fake bank accounts and Thatta water supply scheme references till July 12. The officials of National Acco

The government has finalised 27 knowledge economy-based projects for advancing the country technologically to meet the upcoming and present economic challenges. Federal Secretary Planning Development and Reforms Zafar Hasan stated this while briefing the

Pakistan Railways (PR) is all set to take over the administration and properties of Royal Palm Golf and Country Club worth billions of rupees today. This was revealed by Secretary Railways Sikandar Sultan Raja while briefing the National Assembly Standing

Two days' training workshop on 5G networks organised by Pakistan Telecommunication Authority (PTA) in collaboration with GSM Association (GSMA) concluded in Islamabad.

"There is something about his thanking everyone that I find inexplicable."

PIA's Pre-hajj operation of transporting more than 78,000 intending pilgrims to Saudi Arabia, commenced on Friday. Four PIA Pre-Hajj flights departed for Saudi Arabia transporting more than 1,300 intending pilgrims from Islamabad, Karachi, Lahore and Pesh

Economic Unit chief at the US Consulate General Chad Miner has said that the world perception regarding Pakistan is changing and American companies and investor are looking forward to Pakistan. He said, speaking at a meeting of Korangi Association of Trad

Pakistan will participate in the 8th World Peace Forum, scheduled to be held here from July 8 to 9 at Tsinghua University. Vice President Wang Qishan will attend and address the opening ceremony of the Forum. According to the spokesperson of the Chinese F

The Met Office on Friday forecast below normal rainfall for the country, saying that the average temperature may remain above normal by up to 2 degrees Celsius during July. Up to three spells of rainfall with isolated extreme precipitation events are expe

On special instructions of Federal Minister for Communications & Postal Services Murad Saeed, National Highway Authority (NHA) has undertaken an anti-encroachment operation from Electrical & Mechanical Engineering (EME) College to Tarnol on Peshawar Road

Mayor Karachi Wasim Akhtar on Friday said Sindh Government had taken all revenue generating departments of Karachi Metropolitan Corporation (KMC) under Sindh Local Government Act (SLGA-2013), putting the civic body into severe financial quagmire. Addressi

Sindh Sales Tax - Notifications issued by the Sindh Revenue Board (SRB)

Sindh Sales Tax - Notifications issued by the Sindh Revenue Board (SRB)

Sindh Sales Tax - Notifications issued by the Sindh Revenue Board (SRB)

The Punjab Finance Minister has said that the Punjab government has developed a 'Punjab jobs and competitiveness programme' with the assistance of World Bank to support sustainable economic development in the province. "The Punjab Spatial Strategy (PSS) i

All Pakistan Cement Dealers Association (APCDA) has been asked by the government to get ready for talks with a high-level official team on Saturday to resolve the issues being faced by them due to which they are continuously observing a complete shutdown

Pakistan Furniture Council (PFC) Chief Executive, Mian Kashif Ashfaq on Friday said a $6 billion IMF loan package for Pakistan will help stabilizing the crisis-battered country's economy besides reviving of investors' confidence and sustainable growth thr

The five exporting sectors circles have urged the Federal Board of Revenue (FBR) to formalize informal trade in domestic commerce as only 50 percent of domestic commerce is being fed by the local industry and remaining 50 percent is the share of informal

Speakers at "Save Traders Conference: anti-traders budget not acceptable" slammed the ruling Pakistan Tehreek-e-Insaaf (PTI) government for imposing additional taxes on business community in the federal fiscal budget for 2019-20. They pledged that they ar

The Pakistan Flour Mills Association (Punjab Zone) has strongly opposed the idea of banning export of flour and flour products to Afghanistan with the view that it will ruin the industry worth billions of rupees. PFMA-Punjab Zone Chairman Habibur-Rehman L

A team of the National Accountability Bureau (NAB) on Friday questioned the former prime minister Nawaz Sharif here at Kot Lakhpat prison in Toshakhana vehicles case. Sources claimed that the NAB team posed some questions to Nawaz and also handed over a q

Punjab Chief Minister, Sardar Usman Buzdar on Friday said that efforts will be made to remove the reservations of the traders' community while interests of the business community will be protected to every possible extent. "The purpose of ostensibly diffi

The Government of Pakistan has promoted one air officer to the rank of Air Marshal, while 13 Air Officers have been promoted as Air Vice Marshal, said a press release issued here by Directorate of Media Affairs of Pakistan Air Force (PAF). The promoted of

Supreme Court (SC) on Friday reserved the judgment on admissions in Shaheed Benazir Medical College, Lyari allegedly on fake domiciles. At Karachi Registry, a two member bench of SC comprised of Justice Mushir Alam and Justice Sajjad Ali Shah reserved the

The Board of Directors of K-Electric Limited in its meeting held on July 4, 2019 at KE Head Office, approved the company's financial results for the year ended June 30, 2017. The power utility continued to improve operationally, driven by investments acro

The Board of Directors of K-Electric Limited in its meeting held on July 4, 2019 at KE Head Office, approved the company's financial results for the year ended June 30, 2017. The power utility continued to improve operationally, driven by investments acro

The Lahore High Court (LHC) summoned on Friday a senior official of Monitoring and Evaluation Office of the Federal Investigation Agency (FIA) in person and sought a reply from the Director General of Immigration and Passports on a petition filed by a Pak

Several parts of Karachi faced power outage as the city received isolated showers on Friday morning. The power affected areas include Korangi, Malir, Shah Faisal, Gulshan-e-Iqbal, Safoora Goth, Kaemari, North Nazimabad, Bahadurabad, Tariq Road, Lucky Star

Sindh High Court (SHC) on Friday issued notices to chief minister Sindh, chief secretary Sindh, Public Service Commission over appointment of Abida Parveen Pathan as Registrar of Environmental Tribunal. SHC bench issued the notices on a petition by Farhat

The Management of Thai Airways international has announced to resume its operations from Lahore and Islamabad effective July 16, onwards to Bangkok and beyond. The Airspace is still closed from/to India-Pakistan on Northern Entries, however to facilitate

KE spokesperson reiterated that all strategic pumping stations of Karachi Water and Sewerage Board (KWSB) including the pumping stations at Dhabeji, Gharo and Pipri are exempted from any load-shed and any reports of load-shed at the Pumping Stations are i

Secretary General Businessmen Panel (BMP) and former president FPCCI, Senator Ghulam Ali has said that withdrawal of the zero-rated regime will badly hit Pakistani exports and especially small and medium enterprises (SMEs), widening trade deficit at the c

The Vice Chancellor Committee Punjab proposed that a separate secretariat should be set up in the Governor Punjab office who is the Chancellor of the universities of Punjab where requests, approvals will be sent directly and his office processes the cases

Rawalpindi Corps Commander Lieutenant General Bilal Akbar on Friday visited the Siachin, Neelum and Muzaffarabad along the Line of Control (LoC). In a statement issued by the Inter-Services Public Relations (ISPR), Lieutenant General Bilal Akbar lauded of

Chairman, PPP Bilawal Bhutto Zardari has alleged that the candidates of opposition are being harassed in the newly merged districts in the name of Section 144 while the candidates of ruling PTI are running election campaign along with administration. Spea

The Meteorological Department on Friday forecast mainly very hot and humid weather in most of the plains of the country. Dust-thundershower/rain (with isolated heavy rain) accompanied by gusty winds is expected in scattered places in northeast Punjab (Raw

Election Commission of Pakistan (ECP) on Friday released assets details of the members of Sindh Assembly. According to the ECP details, Sindh Chief Minister Syed Murad Ali Shah owns two vehicles worth Rs14.2 million, Rs160 million bank balance, while his

A policeman was killed and two others were injured in firing during a raid by police on a house in Bannu Township on Friday. Addressing a press conference, Regional Police Officer (RPO) Bannu Abdullah Khan said that police received information about three

After the increase in prices of Compressed Natural Gas (CNG), the local transporters have increased the fare rates on intercity routes by 50 percent. Talking to a group of reporters here on Friday, Sarhad Transport Owners Association president Khan Zaman

Lahore Chamber of Commerce and Industry (LCCI)'s Vice President Faheem-ur-Rehman Saigal will perform as the Acting President of the Lahore Chamber in the absence of the LCCI President and Senior Vice President, who are out of country.

Haleeb Foods Limited (HFL), one of the leading food and beverages companies of Pakistan has introduced a unique programme titled 'Quality Through The Line' (QTTL), which revolves around key areas including people, processes and plants to bring about a cha

Pakistan Peoples Party (PPP) observed Black Day across the country on Friday to condemn the military coup of July 5, 1977 when then Prime Minister Zulfiqar Ali Bhutto's government had been toppled by dictator late General Zia-ul-Haq. "July 5, 1977 shall r

Special Assistant to the Prime Minister on National Health Services, Regulations and Coordination, Dr Zafar Mirza has said that Sehat Sahulat Programme would be extended across Pakistan in the next two years while the programme has yet not been started in

The NAB chairman seems to have made an interesting argument by saying that those who had been in power for 30 years would be audited first followed by those who had been in power for a few months. "NAB does not believe in political revenge and neither doe

After nearly two decades in Afghanistan, the United States is racing to reach an agreement with the Taliban within two months but a broader peace deal for the war-ravaged country looks far more elusive.

Not that anyone reads it, and of this I am almost certain.

Corruption, incompetence and collapse of check and balance systems and processes in the ranks of government machinery constitute major challenges for the incumbent government. This is a lethal combination and a recipe for the economic, social and moral co

In a much welcome development, the Counter-Terrorism Department (CTD) in Punjab has booked 13 leaders of the banned militant outfit, Jamaatud Dawa (JuD), including its chief Hafiz Saeed and his deputy Abdul Rehman Makki, in 23 cases on charges of financin

The Board of Directors of the International Monetary Fund (IMF) formally approved the 39-month 6 billion dollar Extended Fund Facility for Pakistan to "support the government's economic reform programme." The jury is not out on how much of the reform prog

Crowds of jubilant Sudanese took to the streets of Khartoum on Friday to celebrate a landmark deal between protest leaders and the country's ruling generals aimed at turning the page on months of political unrest. The power-sharing deal, reached in the ea

Crowds of jubilant Sudanese took to the streets of Khartoum on Friday to celebrate a landmark deal between protest leaders and the country's ruling generals aimed at turning the page on months of political unrest. The power-sharing deal, reached in the ea

Federal Board of Revenue (FBR) Chairman Syed Muhammad Shabbar Zaidi in his letter to the Chairman Securities and Exchange Commission of Pakistan (SECP) has requested to ensure correct and transparent submission of financial statements by the private limit