Pakistan Today

ISLAMABAD: Gas shortage could increase in coming days due to an increase in the intensity of cold, a local news outlet reported on Friday. Gas shortfall may increase from December 20 to January 21, leaving domestic users in trouble during the high cold days, it was stated. It was stated that the shortfall is likely to go up to 7 billion...

ISLAMABAD: The import of plastic material witnessed an increase of 13.32 per cent during the first four months (July-Oct) of the current financial year (FY21) as compared to the corresponding period of last year. According to details, Pakistan imported plastic worth $701.579 million in July-Oct FY21 as compared to the imports of $619.097 million in July-Oct FY20, according to data released by...

NEW DELHI: India’s federal fiscal deficit in the seven months to end-October stood at 9.53 trillion rupees ($128.9 billion), or 126.7pc of the budgeted target for the whole fiscal year, government data showed on Friday. Net tax receipts were 5.76 trillion rupees, down 15.7pc from a year ago, while total expenditure was 16.6 trillion rupees, the data showed. The deficit is...

MOSCOW/DUBAI: A panel of OPEC+, a group of leading oil producing countries, will hold informal online talks on Saturday prior to meetings scheduled for next week, a letter seen by Reuters showed and source with the knowledge of the matter said. OPEC+ is debating whether to ease oil output cuts from Jan.1, as it previously agreed, or to continue producing...

LAHORE: The Ravi Riverfront Urban Development Project is aimed at rehabilitating the Lahore city, meeting needs of growing population and alleviating water scarcity, announced Ravi Urban Development Authority (RUDA) Chairman Rashid Aziz. Speaking at a meeting held at the Lahore Chamber of Commerce and Industry (LCCI) on Thursday, Aziz said focus of the scheme was on accelerating economic activity across...

LAHORE: The offtake of urea is likely to clock in at 5.8 million tonnes in 2020, mainly on the back of higher than expected urea offtake during the first 10 months of the year.  Shankar Talreja, Deputy Head of Research at Topline Securities Limited, said, "We revisited our urea offtake for 2020, wherein we now expect urea offtake to clock...

LONDON: Facebook’s Libra cryptocurrency is readying to launch as early as January, the Financial Times reported on Friday, citing three unidentified people involved in the project. The Geneva-based Libra Association that will issue and govern Libra plans to launch a single digital coin backed by the dollar, the FT said, citing one of the people. The move would represent an even...

TOKYO: Asian shares stalled near record highs on Friday as investors weighed renewed doubts about a highly-anticipated coronavirus vaccine against hopes that some of the region’s economies will recovery quicker than their Western peers. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.04% but remained with striking distance of a life-time peak touched this week. Australian shares ended down 0.53%....

KARACHI: After launching its first Asia office with China in Q2FY17 and its second Asia office with South Korea in Q2FY18, Sensor Tower is on track to launch a Japan office by Q1FY21. The competitive insights solution for the mobile market economy is targeting, what GroupM considers to be, the world’s third-largest media market and third-largest e-commerce market. Representatives from...

ISLAMABAD: Pakistan has joined the Digital Cooperation Organisation (DCO) as a founding member. The organisation has been established under an initiative of the Kingdom of Saudi Arabia has also inviting other countries to join as founding members, including Bahrain, Egypt, Jordan, Kuwait and the UAE. The organisation was launched at a virtual event on Thursday, hosted by Saudi Arabia Minister of...

Special Assistant to the Prime Minister on Overseas Pakistanis Zulfiqar Bukhari on Thursday clarified that the United Arab Emirates' move to suspend the issuance of work visas to Pakistanis was not true, saying that there was "no ban on the export of Pakistani workforce". In a two-part tweet, Bukhari said that "contrary to media reports", UAE Minister for Human Resources and...

ISLAMABAD: Advisor to the Prime Minister on Trade and Investment, Abdul Razak Dawood has urged exporters to send their proposals on the proposed Pakistan-Afghanistan Preferential Trade Agreement (PTA). “Chaired the first consultative session with the stakeholders on proposed Pakistan-Afghanistan PTA at the MOC. Valuable inputs were provided by various stakeholders,” said Dawood on Thursday in a series of tweets. “This will...

MUMBAI: Indian police on Thursday used water cannons and tear gas shells to disperse thousands of farmers marching towards New Delhi in a protest against legislation they fear would end price support for their produce, officials said. Prime Minister Narendra Modi’s government has defended the bills enacted in September as a way to rid the vast agriculture sector of antiquated...

PESHAWAR: The Sarhad Chamber of Commerce and Industry (SCCI) has urged the Khyber Pakhtunkhwa (KP) government to devise a strategy regarding the enforcement coronavirus standard operating procedures (SOPs) in consultation with the traders’ community, district administration and departments concerned. The demand was made by a delegation of the SCCI led by SCCI President Sherbaz Bilour during a meeting with KP...

Pakistan and Denmark have agreed to explore new avenues of cooperation in green technologies by establishing a 'Green Partnership'. This understanding was reached during the second session of bilateral political consultations between Pakistan and Denmark was held virtually on Wednesday. Pakistan's side was led by Special Secretary for Europe Dr Aman Rashid, while Under-Secretary for Foreign Affairs Ministry of Denmark Christina...