RIAD: The weapons used to attack Saudi oil facilities were Iranian-made, the Riyadh-led coalition said on Monday, which raised fears of regional conflict after the United States hinted at a military response to the assault. The weekend's attacks on Abqaiq, the world's largest oil processing facility, and the Khurais oil field in eastern Saudi Arabia […]
ISLAMABAD: The director of the International Monetary Fund (IMF) for the Middle East and Central Asia, Jihad Azour, along with an eight-member delegation arrived in Islamabad on Tuesday to hold formal talks with senior government officials. In the middle of its arrival, the government intensified efforts to recover around Rs85 billion of additional income from
Last week, the Pakistan Securities and Exchange Commission (SECP) swelled the chest and declared that it registered 1,187 new companies in August, bringing the total number of registered companies to 104,030. Compare that to an abysmally small number of companies, 558 to be precise, that have offered shares to the public to negotiate. In a
The search for "hot money" – funds flowing from one country to another to obtain a short-term gain in the interest rate gap in the two markets or the anticipated changes in the exchange rate – is a risky proposal for Some. These speculative capital flows can come and go very quickly, which can generate
SRINAGAR: Occupied Kashmir has seen an average of 20 protests per day against the Indian government in the last six weeks despite a security blockade to calm the riots, according to a high-level government source. Tensions remain high in the disputed Himalayan region after the controversial decision of New Delhi last month to revoke the
WASHINGTON: "The reports we are receiving (from Kashmir) are heartbreaking with accusations that include enforced disappearances, mass detentions, rapes and sexual assaults, and the selective detention of political, economic and social leaders," says a letter signed by seven US lawmakers . This is the third letter in less than a week that US congressmen and
KABUL: Afghan security forces, backed by US airstrikes, killed two of the "shadow provincial governors" of the Taliban movement on Sunday as fighting intensified following the collapse of talks aimed at ending the war in Afghanistan, authorities said. The operations, which began on Saturday night, were intended to thwart the Taliban planned attacks on Afghan
ISLAMABAD: The advisor to the Prime Minister of Finance and Revenue, Dr. Abdul Hafeez Shaikh, has expressed the wish that the accountability process will progress in such a way that it does not adversely affect the business climate, since the country is going from an economic crisis of stability due to "difficult decisions" made by
SARFRAZ Ahmed addresses a press conference at the UBL Sports Complex on Saturday. Tahir Jamal / White Star KARACHI: Sarfraz Ahmed, the one-day captain and T20 of Pakistan, said Saturday that he is focusing on the allocation of limited oversize at the moment and is not really worried who will be named test captain. Speaking
KARACHI: The Federal Revenue Board (FBR) has proposed to cut the regulatory tariff (RD) on the import of mobile phones by up to 50 percent in some cases, saying that the measure aims to "provide relief to the common man and support digitization efforts. " The measure is expected to have no impact on the
