India’s economy in ‘severest recession’ amid dire prediction for further deterioration
NEW YORK: India’s economy is in “severest recession” since 1996 — the year it began publishing its gross domestic product numbers — while other...
Tesla could widen release of ‘self-driving’ software in two weeks
NEW YORK: Tesla Inc Chief Executive Officer Elon Musk said on Friday there will probably be a wider roll out of a new “Full...
Covid-19 vaccine adoption rates are ‘wildcard’ for US stock rally
NEW YORK: News this month of three promising coronavirus vaccines has helped push the Dow Jones Industrial Average over 30,000, but some investors worry...
Pakistan Steel Mills sacks over 4,500 employees
Pakistan Steel Mills (PSM) has sacked 4,544 employees, including divisional and assistant managers, as part of its "cost reduction exercise", PSM spokesperson confirmed on...
Oil prices set for weekly gain ahead of OPEC+ meeting
NEW YORK: Oil prices were mixed on Friday but remained on course for a fourth straight week of gains ahead of an OPEC+ meeting...
FBR launches single-page income tax return form for SMEs
ISLAMABAD: The Federal Board of Revenue (FBR), in collaboration with the Pakistan Revenue Automation Ltd (PRAL), has launched a single-page simplified income tax return form...
President Alvi proposes ‘trade triangle’ between Pakistan, China & ASEAN
ISLAMABAD: President Dr Arif Alvi has proposed establishing a trade triangle between Pakistan, China and Association of Southeast Asian Nations (ASEAN) to maximise the...
Pakistan, Germany sign €18.5m accords for health, climate change projects
Pakistan and Germany on Friday signed three grant-in-aid agreements with a cumulative value of €18.5 million.
The Pakistani side was represented by the Ministry of...
Omar Ayub assures domestic consumers of uninterrupted gas supply
PINDI BHATTIAN: Energy Minister Omar Ayub Khan has said that the government will ensure uninterrupted gas supply to domestic consumers during the ongoing winter...
PM asks industrialists to help promote corporate farming
ISLAMABAD: Stressing the expansion of corporate farming, Prime Minister Imran Khan on Friday sought proposals from industrialists to modernise agriculture sector and enhance production...
Ehsaas Digital Programme launched to facilitate women beneficiaries
ISLAMABAD: The government has launched Ehsaas Digital Programme to facilitate women beneficiaries and avoid fraudulent activities in disbursement of payment.
This was briefed by Special...
Disney axes 32,000 jobs as pandemic leaves theme parks empty
WASHINGTON: The Walt Disney Company said it is laying off more than 30,000 employees, mostly at its theme parks, as the coronavirus lockdown renders...
No reduction in fares despite ban on in-flight meals
KARACHI: The Civil Aviation Authority has enforced a ban on serving meals in domestic flights in lieu of rising coronavirus cases in the country.
The...
Pakistan, Saudi Arabia agree to boost trade ties
FM Qureshi says Pakistan desires peace in Afghanistan; seeks improved business ties with Chad
Stocks snap three-day rally to lose 223 points
KARACHI: The three-day winning streak at the Pakistan Stock Exchange (PSX) came to an end on Friday, with the benchmark index succumbing to selling...