KARACHI: As textile exporters continue to face gas shortages, Sindh Government Spokesperson and Adviser to Chief Minister Barrister Murtaza Wahab on Tuesday urged the federal government to immediately resolve gas shortage issues being faced by Karachi-based industrialists. Addressing Korangi Association of Trade and Industry (Kati) members on Tuesday, he said that Sindh has first right on the gas which is …

KARACHI: Shares went into free fall on the stock market where the KSE-100 index opened in the red and bled to intraday low by 502 points. Diverse negative developments triggered nervousness among investors who hastened to book profits at current levels. At the close of the session, the index settled below the 42,000 level at 41,828.91, representing day’s decline by …

s ISLAMABAD: Prime Minister Imran Khan on Tuesday was informed that owing to the reduction in local production and difference of prices between local and imported gas, full cooperation of all the provinces was required to meet the demand of gas during the next few months. Chairing a meeting to review the current demand and supply situation, the prime minister …

ISLAMABAD: The government has called a meeting of the Economic Coordination Committee (ECC) of the Cabinet to approve the removal of additional custom and regulatory duties on a number of textile items and consider waiving guarantee fee on about $5.7 billion Chinese loans for nuclear power plants. To be presided over by Finance Adviser Dr Abdul Hafeez Shaikh, the meeting …

ISLAMABAD: The Trade and Development Report 2020 (TDR2020) on Tuesday warned that the Covid-19 recesion — measured in terms of world gross product — will likely amount to a $12 trillion loss in global income by end of 2021. Moreover, the growth recovery in 2021 will coincide with rising unemployment, which is likely to reach double digits in some advanced economies, says …

US singer Tommy DeVito, the founder member of American rock and pop band The Four Seasons, died from coronavirus complications on Tuesday. Tommy DeVito passed away in Las Vegas at the age of 92. DeVito’s friend Alfredo Nittoli said in a statement: “My dear friend Tommy passed away in Las Vegas at 9:45 last night with deep regret I am …

Meghan Markle’s best friend Jessica Mulroney, who recently made her Instagram account private, has revealed that she’s taking a ‘much needed break’ to ‘get some real work done’. The stylist, who had deleted a photo of The Duchess of Sussex’s wedding from her social media platform shortly after posting it,  said   she is ‘taking a much needed break’ from Instagram to …

Queen Elizbeth’s 2019 Christmas Day speech reportedly further pushed Meghan Markle and Prince Harry towards stepping down as senior royals. The Queen’s 2019 Christmas Day speech played a significant role in Meghan and Harry’s decision to step down as senior royals.  More specifically, Meghan and Harry were hurt by the family photos displayed on the Queen’s desk during the speech. …

Vanessa Bryant has responded to the very harsh claims made by her mother, Sofia Urbieta Laine, in the midst of a highly controversial family drama that took place on Tuesday. She slammed her mom’s audacity to go public with her claims that she kicked her out of the house. In a tell-all interview, Vanessa revealed that her mom has not …

Queen Elizabeth is an avid horse keeper and is someone who is incredibly attached to her ponies. However, the unexpected passing away of all five of her Balmoral ponies from a mysterious disease called Equine Grass Sickness (EGS) left the monarch devastated for days. As noted by the British Horse Society magazine, the disease struck Queen’s Balmoral Estate in Scotland in 2017, …