KARACHI: Stocks rallied on Tuesday inspired by the upsurge in global oil and equities market which celebrated the big news of pharmaceutical firm Pfizer announcing the soon-to-be launched vaccine for Covid-19 with a success rate of 94 per cent. The KSE-100 index settled with a gain of 369.01 points (0.90 per cent) at 41,153.05. The local market came back to …

Mohammad Amir and Shoaib Malik have been left out of the 35-member squad announced for Pakistan’s upcoming tour of New Zealand as “selectors prefer(ed) youth” over the veteran cricketers, the Pakistan Cricket Board (PCB) said on Wednesday. “Shoaib Malik and Mohammad Amir are not part of the white-ball matches as for this tour we have opted to invest, develop and …

ISLAMABAD: The government on Tuesday told a parliamentary panel that there was no chairman of the China-Pakistan Economic Corridor (CPEC) Authority at present as members of the National Assembly had challenged the legal status of the defunct agency and the functioning of its top management. After interesting discussions and a brief break to allow senior officials of the Ministry of …

ISLAMABAD: The federal cabinet on Tuesday fixed Rs1,650 as minimum support price of 40kg wheat and decided to rationalise overall subsidies to benefit deserving people in the country. “The new support price of Rs1,650 per 40kg wheat to farmers would be beneficial to both masses as well as farmers,” said Information Minister Shibli Faraz in a post-cabinet meeting press conference. …

ISLAMABAD: The World Bank has advised Pakistan to go for urgent expansion of renewable electricity supply by giving it preference over all other fuel sources — including domestic and imported coal — for energy cost savings and environmental benefits. The WB has promised to support such an initiative through its own funding and garner strong international support through “climate finance” …

ISLAMABAD: The Competition Commission of Pakistan (CCP) on Tuesday issued show-cause notices to the Pakistan Sugar Mills Association (PSMA) and 84 member mills over alleged cartelisation in sugar pricing. The show cause notices were issued after the CCP decided to initiate proceedings under Section 30 of the Competition Act on the recommendations of an inquiry into the anti-competitive activities in …

BTS’s resident heartthrob Suga has decided to take a leave of absence from any and all officially band duties in order to rest and recuperate after successful shoulder tendon surgery. The singer’s agency Big Hit Entertainment announced the news a few days ago via an official statement. Their announcement not only touched on the nature of the surgery in question, …

Stranger Things star Millie Bobby Brown gave a touching tribute on Instagram to her late grandmother who passed away on Tuesday after her struggle with Alzheimer’s. In the emotional post, the 16-year-old shared a small clip of her giving a kiss to her grandmother, who returned the loving gesture. The video was accompanied with a lengthy caption detailing her emotions as …

American musician Halsey is giving a glimpse into her life story through the help of poetry in a new book. Turning to her Instagram, the singer, 26, announced the release of her poetry book titled I Would Leave Me If I Could. “Today is the day. Years in the making. It’s things I ruminate on, fixate, miss, cry, regret, re-live and …

The Crown star Erin Doherty has said that she “mourned” her character Princess Anne when she had to leave as an actor, that suited an older version of the princess, replaced her. Speaking to Town & Country, the actress became candid over the impact her role had admitted that she thought about the character for “months and months”. “I genuinely have …