Pakistan Today

DUBAI: Western Union, the world’s largest money transfer firm, has acquired a 15 per cent stake in the digital payment unit of Saudi Arabia’s STC Group for $200 million. The acquisition of STC pay, which values the company at 5 billion riyals ($1.3 billion), will finance its capital and support long-term expansion plans, Saudi Arabia’s largest telecoms operator said in...

PARIS: Europe is set to lift its flight ban on the Boeing 737 MAX passenger jetliner in January after U.S. regulators last week ended a 20-month grounding triggered by two fatal crashes. The head of the European Union Aviation Safety Agency (EASA) said in remarks aired on Saturday that the 737 MAX was safe to fly after changes to the...

KARACHI: Federal Minister for Planning, Development, Reforms and Special Initiatives, Asad Umar on Saturday urged the Sindh government should utilise Rs700 billion that has been allocated in the provincial budget for the projects in Karachi. The federal minister was talking to the media after unveiling a plaque to commemorate the groundbreaking of BRT Common Corridor from Taj Medical Complex to...

BEIJING/DUBAI/WASHINGTON: Leaders of the 20 biggest economies on Saturday vowed to ensure a fair distribution of COVID-19 vaccines, drugs and tests around the world and do what was needed to support poorer countries struggling to recover from the coronavirus pandemic. “We will spare no effort to ensure their affordable and equitable access for all people, consistent with members’ commitments to...

ISLAMABAD: While the country is forced to import wheat for meeting the shortage, it is wasting up to 770,000 tonnes of wheat flour annually for non-implementation of quality sacks. According to a letter of Pakistan Polypropylene Woven Sack Manufacturers sent to the Ministry of Industries and Production, the huge quantity of wheat flour was being wasted for not using the...

ISLAMABAD: In an attempt to improve production and export of citrus, the All Pakistan Fruit and Vegetable Exporters, Importers and Merchants Association (PFVA)  is going to hold a national conference on kinnow on December 1 in Sargodha. Growers, traders and exporters of kinnow would participate in the mega event whereas Punjab Minister for Agriculture Hussain Jehanyan Gardezi would be the...

ISLAMABAD: In a bid to ensure sovereignty and security, the Government of Pakistan has approved to implement Pakistan Maritime Zones (PMZ) Act 2020 under which prior permission is mandatory for foreign supertankers and nuclear-powered ships to enter into the territorial sea of Pakistan. According to well-informed sources, the federal cabinet has given its go ahead to implement the law which...

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has said that the positive growth in large-scale manufacturing (LSM) will help achieve the annual economic growth target, besides creating jobs if the trend continues in coming months.  FPCCI President Mian Anjum Nisar, while addressing a delegation of various industrial sectors, said that the LSM output had grown 7.65...

ISLAMABAD: Sugar prices in the wholesales market decreased six to seven rupee in a week as the price of sugar in Jodia Bazar, Karachi fell down to Rs89 from Rs96 since November 12, whereas price in Akbari Mandi, Lahore also decreased to Rs93 from Rs100 in the last one week. A senior government official told Pakistan Today that prices of...

LAHORE: The Pakistan Poultry Association (PPA) on Saturday urged the government to allow the free market to operate and let the demand and supply determine the price of poultry (chicken) and its by-products.  In a press briefing, PPA Vice Chairman for the North Region Raja Attiqueur Rehman Abbasi said that the poultry sector formed about 40 per cent of the...

LAHORE: The All Pakistan Cement Manufacturers Association (APCMA) on Saturday took exception to the raids conducted by the Competition Commission of Pakistan (CCP) on offices of some members of APCMA and termed the raids as unlawful, illegal and blatant violation of the law.  The Association disclosed that on November 19 at around 11 am, the office bearers of the CCP...

HONG KONG: The largest cryptocurrency got pretty close to a $19,000 threshold for the first time in almost three years, fueling crypto enthusiasts’ hopes that bitcoin may beat its last record. The price of bitcoin has hovered between $18,107.86 and $18,964.64 over the past 24 hours, with the last peak reached during early morning trading on Saturday. As of 07:03...

The absence of a diverse enough set of options in Pakistan means that those nearing or in retirement have to carefully balance the need for diversification, beating inflation, and sufficient yields

Just what is going on between Ogra and the Sui Gas Companies?