The government of Pakistan has permitted all national and foreign carriers to resume its scheduled/non-scheduled and charter operations with effect from one minute to last midnight.
The Federal Board of Revenue (FBR) Chairperson, Nausheen Javed Amjad, on Friday excused herself from meeting the Senate Chairman, Sadiq Sanjrani, it has been learnt.
The death toll from the coronavirus pandemic spiked again in Russia and the Americas on Friday, even as Europe's experiment with reopening from lockdown grew bolder by the day.
An Accountability Court hearing multi-billion rupees fake bank accounts case on Friday issued bailable arrest warrants for former prime minister Nawaz Sharif for not appearing before it in the Toshakhana (treasure-house) reference.
India's economy grew at its slowest pace in at least two decades last quarter, government data showed Friday, with warnings of far worse to come as it grapples with the fallout of the world's largest coronavirus lockdown.
China accused the US of taking the UN hostage on Friday over a controversial security law for Hong Kong and warned Western nations to stay out of its internal affairs.
Global equities mostly sank on Friday as US President Donald Trump readied a response to Beijing's controversial planned national security law for Hong Kong.
Pakistan Friday reported a record 2,801 cases and 57 deaths as the total cases of Covid-19 crossed 64,000, according to Special Assistant to the Prime Minister (SPAM) on National Health Services Dr Zafar Mirza.
Transparency International Pakistan (TI-P) has accused federal and provincial governments of not following rules meant to upload contracts awarded to procure goods worth billions of rupees for dealing with Covid-19 epidemic on their websites.
The SPI inflation during the week that ended May 28, 2020 against May 21, 2010 recorded an increase of 0.13 percent for combined income groups, ie, from 128.15 points to 128.32 points, Pakistan Bureau of Statistic (PBS) revealed.
Improving oil prices in the international market invited healthy buying in E&P and OMC sectors that supported Pakistan Stock Exchange to close on a positive note on Friday.
Prime Minister Imran Khan on Friday chaired a meeting to review the state of economy of the country, and Adviser on Finance Dr Hafeez Shaikh briefed the premier on the preparation of budget for the next fiscal year.
The Economic Coordination Committee (ECC) of the Cabinet has raised serious questions over the disbursement plan of Rs200 billion to the power sector entities and asked the Power Division to come up with criterion on Saturday (May 30) as to on what basis
The White House thumbed its nose at Twitter on Friday by reposting a President Donald Trump tweet that the social media giant had just taken the unprecedented step of hiding, because it violated the platform's rules against "glorifying violence."
Hundreds of troops deployed to the streets of Minneapolis and St. Paul early Friday after a third night of rioting over police brutality against African Americans left hundreds of shops damaged and a police station on fire.
The International Day of United Nations Peacekeepers was observed Friday to pay tribute to the uniformed and civilian personnel's invaluable contribution to maintaining peace across the world.
Pakistan plans to raise $1.5 billion through Eurobonds to bridge a balance of payments gap for the financial year beginning July 1, two government officials said on Friday.
The Minneapolis police officer accused of killing an unarmed African American man was arrested and charged with murder Friday as authorities sought to restore peace after three nights of violent protests left parts of the city in flames.
The Oil and Gas Regulatory Authority (Ogra) on Friday calculated an increase in the price of high-speed diesel (HSD), but it recommended slashing of prices of other petroleum products by up to Rs11.88 per litre for June 2020. In line with the slump in glo
The Federal Board of Revenue (FBR) Friday issued declaration for developers and builders for registration of their new and ongoing projects in the real estate sector with the Iris portal of the bureau.
A first charter flight carrying Europeans to China following weeks of lockdown departed Germany's biggest hub Frankfurt late Friday, carrying around 200 workers and their families. On arrival, "we expect we'll have very long checks, fever measurements, co
Pakistan's Commerce Ministry operationalised the Gwadar Port for Afghan transit trade on Friday, marking a first in sea trade between the two countries. The trade business has commenced under the Afghanistan-Pakistan Transit Trade Agreement-2010 (APTTA),
Britain wants the United States to form a club of 10 nations that could develop its own 5G technology and reduce dependence on China's Huawei, The Times newspaper reported Friday.
Prime Minister Imran Khan is said to have been again misled by his cabinet aides, now through "controversial" amendments in the Companies Act, 2017 as many disturbing revelations were made in the federal cabinet on May 19, 2020, well-informed sources told
The role of Council of Common Interests (CCI), a constitutional body tasked to resolve issues between the centre and provinces, has been reduced to a ceremonial entity due to alleged apathy of present and previous governments in making CCI an effective pl
Unlike most reports of various Inquiry committees and commissions formed by previous governments, the reports of the sugar Inquiry Committee and the Commission(established in the light of the Committee's report) have been made public. The credit for this
From the death of a black man in Minneapolis to a racist incident in Central Park, camera phones are increasingly being used as a weapon against racism even when justice doesn't always follow.
Unfortunately, the exact quote, which by the way succinctly brings out the message, cannot be published - blame it on the censor board. Be that as it may, the more refined version comes out thusly: you cannot ride two horses with one behind.
The 190 State-Owned Enterprises (SOEs) comprising Public Sector Companies (PSCs), Development Finance Institutions (DFIs) and Authorities, employing a total of over 425,000 personnel, incur a colossal loss of around Rs 500 billion a year. In other words,
Federal Minister Fawad Chaudhary has been in the public eye for a while now, and not always for completely uncontroversial reasons. One reason is his expansive background. Making a career as a spokesman for political parties one after the other, especiall
Overseas Investors Chamber of Commerce and Industry (OICCI) have urged the Punjab government to collect agriculture tax on the basis of net income instead of landholding. This demand has been made by various sectors, sub-sectors, domestic economists as we
Pakistan Steel Mills Corporation (PSMC) Stakeholders Group has approached Minister for Industries and Production, Hammad Azhar for a meeting prior to resubmission of employees retrenchment plan to the Economic Coordination Committee (ECC) of the Cabinet.
Three patients of coronavirus passed away and another 85 tested positive for Covid-19 on Friday taking total number of confirmed patients in the capital city to 2,100.
The Punjab government has decided to set up a committee that will prepare recommendations on a mechanism for determining prices of commodities on a quarterly basis.
The government is likely to increase the advance adjustable Federal Excise Duty (FED) on un-manufactured tobacco from Rs10 per kg to Rs500 per kg in budget 2020-2021.
KP Chief Minister Mahmood Khan Friday said that like other parts of the country, fresh cases of COVID-19 are increasing day by day in Khyber Pakhtunkhwa as well and urged upon the public to strictly follow precautionary measures to make themselves and oth
Pakistan's nuclear programme has not only ensured its national security and regional peace but also helped pursue at least 12 Sustainable Development Goals (SDGs) and promote socio-economic development.
Taking notice of the Flour Mills Association's statement on wheat and flour prices, Punjab Senior & Food Minister Abdul Aleem Khan has said that the move is unilateral by the association.
The business community in Khyber Pakhtunkhwa here on Friday demanded ending of the lockdown and allowing of businesses to remain open 24/7 across the province. The demand was made during a video link meeting held here under the chairmanship of the SCCI pr
Prime Minister Imran Khan on Friday constituted a committee to study and investigate the plight of women in prisons convicted or awaiting trial. The committee has been constituted in overall context of gender biasness prevalent in the society at large and
Chairman Senate Sadiq Sanjrani has tasked the Senate Standing Committee on Foreign Affairs to review the appointments of ambassadors and high commissioners, from the private sector, made by the Ministry of Foreign Affairs (MOFA) in Pakistan's diplomatic m
Advisor to KP CM on Information Ajmal Khan Wazir has stated that 81824 passengers have arrived at Bacha Khan International Airport (BKIA) Peshawar on 478 flights that were regularly screened.
Government offices reopened in the federal capital on Thursday after four-day official Eid holidays but most of the federal employees did not reach their offices.
Schools in Sindh will not reopen on June 1, according to a notification from the provincial education department on Friday. The official notification said the decision to close schools until June was taken earlier during the session of the Sindh Education
Islamic Presidential System (IPS) is trending on twitter in Pakistan on Friday. The IPS trend gets over 38000 tweets in few hours. @Maaya said that "We stand for implementation of Presidential system. @Du~De said that it became necessary to get rid of thi
President Pakistan Businessmen and Intellectuals Forum Mian Zahid Hussain has express concern that coronavirus has pushed unemployment and poverty to new heights making life difficult for millions but the response of developed nations and international in
Pak Sarzameen Party (PSP) central leader and former deputy mayor of Karachi Dr Arshad Abdullah Vohra on Friday slammed the federal and provincial governments, saying that the people of Karachi are longing for a drop of water.
The federal government has released Rs 583.3 billion (83.21 percent) including Rs 121.24 billion foreign aid (94.5 percent) for various ongoing and new development projects under the Public-Sector Development Programme (PSDP) 2019-2020 against the total b
The Punjab Emergency Service (Rescue 1122) provided emergency care to as many as 19,285 people across the province during Eid holidays while responding to 7,065 emergencies of road traffic crashes in which 71 precious lives were lost.
In a major development for harnessing scarce water resources in Southern Punjab, the Pakistan Water and Power Development Authority (WAPDA) has awarded the consultancy contract worth Rs 156.226 million to a joint venture headed by NESPAK for the feasibili
The Pakistan Flour Mills Association (PFMA) Punjab chapter has announced a significant jump in the prices of flour bags in line with the increase in prices of wheat in the open market.
Powerloom Industries, which was main livelihood of Faisalabad, has now been, reached to the edge of disaster due to severest ever liquidity crisis in the history of Pakistan, while a portion of small Power Looms of in size 56 inches had been sold out in K
Senior Superintendent of Police (Operations) Faisal Shahzad directed the filed officers on Friday to remain extra vigilant due to prevailing security challenges and an "expected" terrorist strike in the provincial capital.
The District Development Committee has approved the implementation of 86 development schemes of roads, local government, WASA, highways and Fesco at a cost of Rs 308 million.
The Punjab government has provided Rs 1 billion and aerial spray is being carried out, in collaboration with the federal government, to save crops from locust swarms.
As many as 29 people died across Punjab due to the novel coronavirus, which is the highest-ever death toll in a single day in the province since the start of the pandemic.
Senior & Food Minister Punjab Abdul Aleem Khan has directed the Punjab food department to immediately stop wheat procurement after total stocks of wheat reached 4.3 million metric tons.
The Divisional Task Force of Lahore Electric Supply Company (LESCO) carried out a search operation in Kasur circle against the consumers involved in power theft and detected 29 electricity connections with various malfunctions on Friday.
Justice Qazi Faez Isa on Friday filed an application in the Supreme Court raising various questions for Law Minister Farogh Naseem and Special Assistant to PM on Accountability Mirza Shahzad Akbar.
The United Kingdom (UK) announced further assistance of £4.39 million to Pakistan in the fight against the coronavirus and to mitigate its impacts by providing aid for the most vulnerable, and boosting wider public health communications, the British High
The United Nations turns 75 this year and to spur global discussions on the issues facing humanity, UN Secretary General Antonio Guterres called out to stakeholders worldwide to participate in UN75 dialogues.
Sindh Coronavirus Emergency Fund Committee meeting held with Chief Secretary Syed Mumtaz Ali Shah in the chair on Friday sanctioned Rs466 million from the budget of Provincial Disaster Management Authority (PDMA) for purchasing 168 ventilators.
Ghulam Fareed, a daily-wage earner, had been stuck at home since the imposition of the lockdown on March 22. He was worried to death how to support his family. And then help arrived.
The Met Office on Friday asked the farmers to make plans for crops protection against the negative impacts of the 'unprecedented' continuing rains in the country.
As many as 31 more patients of the coronavirus died during the last 24 hours in Sindh, the highest figure since March 19 when the first coronavirus death occurred, while 804 new cases emerged.
The Searle Company Limited (SEARL) has successfully entered into an exclusive licensing and marketing agreement with Beximco Pharmaceuticals, Bangladesh. This was informed by the Searle Company Limited in a notice sent to Pakistan Stock Exchange.
Growth in lending to eurozone businesses continued to accelerate in April as companies sought funds to cope with the tough coronavirus lockdowns which hit activity, European Central Bank data showed Friday.
Japan's factory output slid faster-than-expected and retail sales tumbled the most in more than two decades in April, as the coronavirus pandemic wrecked both foreign and domestic demand for the country's autos and other manufactured goods.
Volkswagen said on Friday it will invest around 2 billion euros ($2.2 billion) in two Chinese companies in the electric vehicle sector, calling it "the world's biggest market".
The coronavirus pandemic could widen inequalities in the United States, Federal Reserve Chair Jerome Powell warned Friday, as government data showed consumer spending plunging by a record amount.
Carmaker Renault said Friday that it would cut nearly 15,000 jobs, including 4,600 at its core French operations, as it seeks to steer out of a cash crunch exacerbated by the coronavirus crisis.
Uzbekistan has sold a controlling stake in its most famous hotel to a firm based in Singapore as Tashkent tries to breathe new life into the Soviet-era Brutalist landmark.
Young doctors and medical students demonstrated across Italy on Friday, some throwing their white coats on the ground as they called for educational reform and for scholarships allowing them to specialise.
Ivory Coast's former president Laurent Gbagbo can leave Belgium under certain conditions, the International Criminal Court said Thursday, following his acquittal last year over post-election violence that killed 3,000 people.
A fired Samsung worker ended an aerial protest that lasted almost a year atop a 82-foot high tower in Seoul, after reaching a settlement with the South Korean conglomerate.
The United States said Thursday it has approved the sale of 84 of the most recent generation of Patriot missiles to Kuwait, plus equipment to modernize the country's antimissile program, for a total of $1.425 billion.
A Palestinian man tried to ram a car into Israeli soldiers on Friday in the occupied West Bank before being shot dead by troops, the army said in a statement.
Taiwan's top court decriminalised adultery Friday, ruling the law against it breached constitutional protections of sexual autonomy and equality, in a move hailed by rights groups. "The Criminal Code should not be used to punish actions that hurt personal
Dozens of scientists have raised concerns over a large-scale study of hydroxychloroquine and chloroquine published in the Lancet that led to the World Health Organization suspending clinical trials of the anti-viral drugs as a potential treatment for COVI
Benchmark iron ore futures on the Dalian Commodity Exchange snapped a three-day slump to gain as much as 2.4% on Thursday, boosted by firm demand at steel mills as construction restarts speed up amid the government's consumption stimulus.
Euronext wheat prices edged higher on Thursday, steadying after an earlier one week low with support from higher US futures, as traders weighed weather updates for northern hemisphere crop belts.
The Karachi Port handled 119,476 tonnes of cargo comprising 102,138 tonnes of import cargo and 17,338 tonnes of export cargo including 3,011 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Trading activity resumes on the cotton market after Eid holidays. Market sources told that 50 maund Phutti was sold at Rs 3500 per 40 kg while there were reports of trading of Khal in the market.
ICE cotton futures dropped to a near three-week low on Friday, ahead of a US response to new Chinese national security legislation for Hong Kong in a potential increase in tensions that could hamper Chinese buying of the natural fiber.
Copper rose on Friday, on track for its second straight month of gains, as expectations of economic stimulus from top consumer China spurred buying, while mounting US-China tensions capped the upside.
Oil prices were mixed on Friday, but were closing out the month with strong gains, bolstered growing fuel demand even as investors worried about worsening Washington-Beijing relations.
Malaysian palm oil futures closed higher on Friday, helping them record their biggest monthly gain since December, on signs of an improvement in demand as more countries eased lockdowns.
Gold rose 1% on Friday as caution set in with investors awaiting US President Donald Trump's response to a Chinese national security law for Hong Kong and its potential impact on an already fragile global economy.
Most Asian currencies firmed on Friday, helped by a better-than- expected yuan fix by China's central bank, while Washington's response to Beijing's passage of a national security law for Hong Kong remained in focus.
The Russian rouble eased on Friday, pricing in a decline in oil prices, but was on track to post a second consecutive monthly gain, driven by hopes for a global economic rebound. The rouble, which lost 12% so far this year against the greenback is under p
The pound fell to a two-month low against a broadly strong euro on Friday ahead of a new round of Brexit talks next week, but it recovered a little against a weaker dollar.
The dollar extended its slide against a surging euro on Friday, hurt by month-end flows and as the common currency continued to enjoy a boost from the European Union's recently announced plan to prop up the bloc's coronavirus-hit economies with a 750 bill
The euro extended its gains, testing two-month highs, on Friday as traders waited for US President Donald Trump's response to China's tightening control over Hong Kong, which could worsen tensions between the two over the financial hub.
