Pakistan Today

NEW DELHI: India banned 43 mobile apps on Tuesday, including Alibaba Group Holding Ltd’s e-commerce app Aliexpress, in a new wave of web sanctions targeted at China after the neighbours’ months-long standoff on their rugged Himalayan border. The 43 mostly Chinese-origin applications, which also include a few dating apps, threaten the “sovereignty and integrity of India”, the technology ministry said...

BRUSSELS: The head of the European Union’s executive on Wednesday reported “genuine progress” in Brexit talks but said the risk of Britain leaving the EU without a deal on Dec. 31 remained, an outcome she said the bloc was prepared for. Britain and the EU are in a last-ditch effort to agree terms to keep trade flowing without tariffs or...

PESHAWAR: The Khyber Pakhtunkhwa (KP) Minerals Department has collected Rs1.10 billion in Q1FY21 as compared to the previous year's annual revenue of Rs3.38 bn whereas Rs34 million of this amount was collected in terms of excise duty. According to the department's performance report for the first quarter of the current financial year, the department collected Rs34 million in excise duty...

Panther Tyres Limited has applied for listing at the Pakistan Stock Exchange (PSX). According to the notification issued by the PSX, the company has planned to issue 40 million ordinary shares at a floor price of Rs47 per share. The company wanted to raise funds for the expansion of its operations and businesses in the local market and export segments. The...

KARACHI: The Sindh Tajir Ittehad (STI) and All Pakistan Jewellers Manufacturers Association (APJMA) on Tuesday rejected the Sindh government’s decision of banning businesses and markets to operate outside the time frame of 6 am to 6 pm. In a statement, APJMA Chairman Muhammad Arshad said that the decision to open shops at 6 am is not viable and suggested that...

ISLAMABAD: Exporters on Tuesday decided to resume the export of onions keeping in view the reduction in prices and market stability after the arrival of a full crop of onion from Sindh. The association has written a formal letter to the Ministry of National Food Security and Research in this regard. The Pakistan Fruit and Vegetable Exporters, Importers and Merchant Association (PFVA)...

LAHORE: The Punjab government and China-Pakistan Economic Corridor (CPEC) Authority have agreed to promote seed development and research related to the agriculture sector. The development came during a meeting between CPEC Authority Chairman Asim Saleem Bajwa with Punjab Chief Minister (CM) Usman Buzdar on Tuesday wherein they exchanged views on ongoing projects under the mega economic corridor in the province. Buzdar...

ISLAMABAD: The rupee strengthened by 96 paisas against the US dollar in interbank trading on Tuesday, closing at Rs160.08 against the previous day's closing of Rs161.04. According to the Forex Association of Pakistan (FAP), buying and selling rates of the dollar in the open market were recorded at Rs160.6 and Rs161.5, respectively. In interbank trading, the price of euro depreciated by...

LONDON: Bitcoin moved to within a whisker of its all-time high on Tuesday, after hitting $19,000 for the first time in nearly three years. The world’s most popular cryptocurrency was last up 4.8% at $19,225, just shy of its all-time record of $19,666 hit in December 2017. Bitcoin has gained around 25% in the last two weeks alone, and is...

LAHORE: Gallup Pakistan and Dun & Bradstreet Pakistan have issued their third report on ‘Pakistan’s Consumer Confidence Index (CCI)’ for the third quarter (July-Sept) of 2020. The CCI report has been developed by assessing consumers’ confidence about the economy and their financial situation. The index covers four key parameters i.e. household financial situation, country’s economic condition, unemployment, and household savings. The...

LONDON: Oil hit its highest since in March on Tuesday, rising towards $47 a barrel, as a third promising coronavirus vaccine spurred demand recovery hopes and U.S. President-elect Joe Biden received the go-ahead to begin his transition. AstraZeneca said on Monday its COVID-19 shot was 70% effective in trials and could be up to 90% effective, giving the fight against...

WASHINGTON: Elon Musk’s year of dizzying ascents hit a new apex as the Tesla co-founder passed Bill Gates to become the world’s second richest person. The 49-year-old entrepreneur’s net worth soared $7.2 billion to $127.9 billion, driven by yet another surge in Tesla’s share price. Musk has added $100.3 billion to his net worth this year, the most of anyone...

KARACHI: Bulls paraded back to the Pakistan Stock Exchange (PSX) on Tuesday, as the indices remained in the positive territory despite negativity surrounding the second wave of coronavirus. Global equity markets also displayed a positive trend, whereas crude oil prices inched further up from the previous close; WTI crude price appreciating 1.21pc to $43.59 while Brent crude price rising 1.04pc...

The All Pakistan Textile Mills Association (APTMA) on Tuesday thanked the federal government for approving a progressive and innovative five year textile policy that will last unitl 2025. Taking to its Twitter handle, APTMA acknowledged Prime Minister (PM) Imran Khan and congratulated Finance Advisor Dr Abdul Hafeez Shaikh and Advisor for Commerce & Investment Abdul Razak Dawood on approval of...

ISLAMABAD: Federal Minister for Science and Technology, Chaudhry Fawad Hussain on Tuesday disclosed that his ministry would soon launch an animation and video games certification programme in a bid to enter the $90 billion gaming industry. “This programme will not only serve the purpose of gaming for the youth but prove as a game-changer for the young people”, the federal...