KARACHI: Country’s oil sales rose by 21 per cent in August year-on-year (YoY) to 1.555 million tonnes due to an increase in demand of furnace oil (FO) by 71pc YoY to 311,000 tonnes. In July-August 2020-21, oil sales witnessed 11pc growth to 3.2m tonnes. During August, sales of high speed diesel and petrol rose by 25pc and 10pc to 508,000 …

KARACHI: The State Bank of Pakistan (SBP) has revised guidelines on stress testing, the key mechanism to assess banks’ risk management. The SBP on Wednesday released a revised suite of Guidelines on Stress Testing, which replaces the earlier framework issued in 2012. Stress testing is a key tool used globally by banks for risk management and capital planning. “The revised …

ISLAMABAD: The recent government decision for introduction of Euro-V petrol and High Speed Diesel (HSD) in the country is pre-mature owing to old vehicular fleet, non-compliant refineries, unprepared government machinery and will waste public money and burden majority of lower middle income consumers. This was the crux of opinions expressed by petroleum experts at a virtual moot organised by Islamabad Policy Institute …

ISLAMABAD: Almost all of the Asian Development Bank (ADB)-funded energy projects worth $1.7 billion for improvement in the transmission and distribution sector are facing serious implementation problems. This was reported at a tri-partite meeting presided over by Federal Minister for Economic Affairs Makhdum Khusro Bukhtiar and attended by ADB’s Country Director Ms. Xiaohong Yang, deputy chairman Planning Commission and officials …

Prince Harry and Meghan Markle had a different name in mind for their son than Archie Harrison. The information was revealed in  Sussex biography Finding Freedom by royal authors Omid Scobie and Carolyn Durand, wherein they mention that the couple briefly considered another name for their little one. Meghan and Harry “wanted something traditional, a name that was powerful even without a …

Paris Hilton is leaving no stones unturned while calling out everyone who wronged her during all these years. The US reality TV star made shocking revelations about enduring physical abuse from as many as five of her ex-boyfriends. During an interview with PEOPLE, she said, “I went through multiple abusive relationships. I was strangled, I was hit, I was grabbed aggressively. …

Bollywood megastar Shah Rukh Khan after earlier back to back flops, has been steering clear of silver screens for quite some time. His fans, pining for his return, may have some good news finally as reports suggest the Zero star is rumoured to be working on action flick. Atlee Kumar has reportedly been signed by SRK’s Red Chillies Entertainment and …

Famed Hollywood actor  Dwayne ‘The Rock’ Johnson and his family tested postive for COVID-19. The star took to Instagam, on Wednesday, to share the news with his fans. Johnson revealed that he and his wife, Lauren and their daughters Jasmine, 4, and Tiana, 2, have been down with the virus since quite a while now. Thankfully, they are doing a …

Brad Pitt is unbothered by Angelina Jolie’s resentful comment on his romance with Nicole Poturalski. The Ad Astra star does not care if his ex wife is going to ‘lash out’ at him for taking new girlfriend to the French chateau where he married Jolie. “Taking Nicole to Miraval on their former wedding anniversary, Brad knows exactly what he is doing and …

Queen Elizabeth did not give her blessings to Kate Middleton and Prince William when they expressed their desire of getting married to each other. In fact, the monarch was quite skeptical and had ‘grave concerns’ about Kate joining the royal family. According to royal biographer  Katie Nicholl, the queen was unsure if Kate is fit to become the future Queen …