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Daily Archives: September 18, 2021

New Zealand reaches Islamabad Airport, will depart at 6 pm today


September 18, 2021

Islamabad: New Zealand men’s cricket team have reached Islamabad Airport under presidential security as they prepare to leave Pakistan after unilaterally postponing Pakistan tour on a security alert. According to details, Blackcaps has been seated in the guest lounge and they underwent mandatory PCR tests. They will depart to New Zealand via UAE through charter flight at 6 pm PST. …

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Pakistan cricket set to incur huge financial, reputational losses


September 18, 2021

LAHORE: The Pakistan Cricket Board will suffer financial losses in millions as a result of New Zealand abruptly calling off their tour just before the first of three One-day Internationals was to begin in Rawalpindi due to a security threat on Friday. “Apart from the security losses,” a PCB official told Dawn on the condition of anonymity, “this is a blow to …

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Govt wants people to use electricity, not gas, in winter


September 18, 2021

ISLAMABAD: With a summary for increase in price of natural gas by up to 35 per cent on the table, the Cabinet Committee on Energy (CCoE) on Friday approved a flat tariff of Rs12.96 per unit for electricity consumers across the country on additional consumption for four winter months in an effort to promote use of electrical appliances for heating …

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Banks to be involved in Kamyab Pakistan Programme


September 18, 2021

ISLAMABAD: The government on Friday decided to involve commercial banks and microfinance banks through bidding in its flagship Kamyab Pakistan Programme (KPP) that has been scaled down to address concerns of the International Monetary Fund (IMF). The decision was taken at a joint meeting of the Steering Committee and Advisory Board of KPP presided over Minister for Finance Shaukat Tarin. …

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Food import bill surges by over 50pc to $1.473bn


September 18, 2021

ISLAMABAD: The country’s food import bill widened by over 50 per cent to $1.473 billion in the first two months of the current fiscal year (2MFY22) from $0.980bn over the corresponding months of last year to bridge the gap in food production, data released by the Pakistan Bureau of Statistics (PBS) showed on Friday. The continuing food import bill is …

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Alarm as current account deficit balloons to $1.5bn in August


September 18, 2021

KARACHI: The current account deficit (CAD) has increased by a whopping 81 per cent in August to $1,476 million compared to July during this fiscal year (FY22), mainly because of an ever-rising imports bill. The latest data released by the State Bank of Pakistan (SBP) on Friday showed that FY22 has come under a strong grip of both trade and …

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Tarin sets tax-to-GDP target at 20pc for FBR


September 18, 2021

ISLAMABAD: Finance Minister Shaukat Tarin on Friday asked top officials of the Federal Board of Revenue (FBR) to follow an ambitious target of taking tax-to-GDP ratio to 20 per cent over the next six to eight years. At the same time, he expressed the hope that the FBR team would spare no effort or avenue to not only achieve the …

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France recalls envoys from US, Australia


September 18, 2021

PARIS: France said on Friday it had decided to recall its ambassadors in the United States and Australia for consultations after Australia struck a deal with the United States and Britain which ended a $40 billion agreement to purchase French-designed submarines. French Foreign Minister Jean-Yves Le Drian said in a statement that the rare decision taken by President Emmanuel Macron …

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Taliban replace women’s ministry with ministry of virtue and vice


September 18, 2021

Workers in the Afghan capital Kabul replaced signs for the country’s women’s ministry with those for the Taliban’s moral police on Friday, as female former employees of the department said they had been locked out of the building. A sign for the building was covered by a replacement in a mixture of Dari and Arabic, reading “Ministries of Prayer and …

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World’s largest tree wrapped in foil to protect it from forest fires


September 18, 2021

LOS ANGELES: The world’s biggest trees were being wrapped in fire-proof blankets on Thursday in an effort to protect them from huge blazes tearing through the drought-stricken western United States. A grove of ancient sequoias, including the 275-foot General Sherman Tree — the largest in the world — were getting aluminum cladding to fend off the flames. Firefighters were also …

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