ISLAMABAD: As the transaction structure of the Heavy Electric Complex (HEC) awaits approval by the Cabinet Committee on Privatisation (CCoP), the Privatisation Commission informed a National Assembly’s standing commi­ttee on Thursday that HEC’s regular employees would be absorbed in the State Engineering Corporation (SEC), being the parent company. The director general of Privatisation Commission said the HEC had 18 regular …

KARACHI: The stock market managed to plug the heavy losses suffered on Wednesday and crawl up by 105.44 points (0.26 per cent) to 40,676.72 in the final moments before close. Trade remained otherwise choppy for most of the day where the index travelled between the intraday high and low by 164 points and 458 points. Investor enthusiasm to dabble in …

KARACHI: The US dollar lost 70 paisa on Thursday and was traded at three-and-half month low against the rupee. The dollar was closed at Rs165 in the interbank market which was closely followed by the open market where the demand for greenbacks was also flat. The dollar exchange rate has been steady around Rs166 for over two months. Its lowest …

ISLAMABAD: President Dr Arif Alvi on Thursday said procedural transparency in the banking sector was important to keep a control on financial exploitation of consumers. Addressing a seminar organised by the Banking Mohtasib (Ombudsman), the president urged the banks to adopt such a pattern to effectively address the grievances of consumers in case of disputes. He said the Banking Mohtasib …

ISLAMABAD: Prime Min­ister Imran Khan urged the Sindh government on Thursday to impose heavy fines on sugar mills owners for delaying sugarcane crushing that causes problems to farmers. Chairing a meeting on the wheat and sugar situation in the market, the prime minister ordered stern action against those involved in any wrongdoing in connection with sugar and wheat. A source …

Prince Harry and Meghan Markle’s one-year-old son Archie keeps the royal couple on their toes as he is happily settling into life in the family’s new home in Santa Barbara, California. Meghan, in a video call, shared: “We are very lucky with our little one. He is just so busy, he is all over the place. He keeps us on …

Meghan Markle has gifted Prince Harry the most astounding gift that he could ever get for his birthday and it is something to do with the outdoors. As reported by Page Six, the Duchess of Sussex has gifted Harry surfing lessons and according to sources, “he’s loving it.” It was only recently that the Duke was clicked biking down to Malibu’s famous …

Billie Eilish on Thursday said the official music video of “No Time To Die” has been released, months after the soundtrack for the upcoming James Bond film was dropped. Taking to Instagram, the teen sensation shared the music video with a caption that read, “No Time To Die” video out now. We shot this in February and it’s finally out …

Esra Bilgic – who tied the knot with Turkish football player Gokhan Tore in 2017, was glad to have the presence of Turkish President Tayyip Erdogan and his wife at her wedding ceremony. Erdogan  gave his blessings to the two but unfortunately, the couple could not last for long and divorced in 2019. Esra – who has become a global …

Gigi Hadid is proud to flaunt the fact that she is officially a mom of a beautiful baby girl. The supermodel, who welcomed her first child with Zayn Malik last month, debuted a sparkling new ‘mama’ necklace recently. The sparkling diamond-covered necklace is doing the rounds on the internet wowing fans from all around. As reported by Page Six, the necklace is …