RAWALPINDI: The Pakistan International Airlines (PIA) has decided to introduce a voluntary separation scheme (VSS) for its employees which the airline claims will save Rs4.7 billion and benefit more than 2,700 workers. According to sources, the scheme is part of restructuring of the airline and the PIA management prepared a summary in this regard in July setting a target of …

KARACHI: Former hockey Captain and ex-Olympian Islahuddin Siddiqui has been asked to vacate the hockey academy premises in North Nazimabad by director culture, sports and recreation DMC (Central) who has described it as “illegal occupation” in a letter issued this week. The letter is dated 05.10.2020 and has been addressed to in-charge of the Islahuddin-Muhammad Ali Shah Hockey Academy in …

TOKYO: World Athletics president Sebastian Coe said competitors should be able to ‘take the knee’ on the podium at the postponed Tokyo Olympics, following an outcry over moves to ban protests. Coe, who was inspecting the national stadium where Olympic track and field will be contested next year, said any protests must be carried out with ‘respect’ for other competitors. …

ISLAMABAD: Pakistan LNG Ltd (PLL) said on Thursday it has signed an initial deal to supply liquefied natural gas (LNG) to K-Electric’s plants from 2021, helping the country cut its carbon emissions. The country has increased its reliance on imported LNG over the last few years as its local gas output has declined while domestic demand, led by power sector, …

KARACHI: The stock market extended rally for the third straight day on Thursday with the benchmark KSE-100 index accumulating another 503.66 points (1.26 per cent) and close at 40,353.62. It opened positive and remained bullish for all of the day with the index hitting intraday high by 562 points. The benchmark roared past the 40,000-level in the last hour. Traders …

ISLAMABAD: In a majority decision, the National Electric Power Regulatory Authority (Nepra) on Thursday notified an increase of 84-paisa per unit increase in electricity rates for ex-Wapda distribution companies (Discos) to generate about Rs12 billion additional revenue. The increase was allowed on account of monthly fuel cost adjustment (FCA) for electricity consumed in July and would be charged to consumers …

er ISLAMABAD: The Tariff Policy Board (TPB) on Thursday agreed to work out a proposal for the removal of additional customs duty on 152 tariff lines to provide cheaper raw materials to domestic industries. The TPB meeting, led by Adviser to PM Minister on Commerce and Investment Razak Dawood asked the board to work out proposals to removal additional customs …

Prime Minister Imran Khan and Facebook’s Chief Operating Officer Sheryl Sandberg held a virtual meeting on Friday to discuss the social media giant’s investments in Pakistan, its support for digital literacy initiatives and its work concerning Covid-19. The premier welcomed Facebook’s investments and programmes in Pakistan and urged the company to increase their footprint, Radio Pakistan reported. He also recognised the potential …

Charlize Theron on Wednesday congratulated the two female scientists who won the Nobel Prize in Chemistry for the first time in history. Taking to Instagram, the Old Guard actress shared a screenshot of the news item published by CNN. “Some Much Needed Good News Today,” she captioned her post. According to the report shared by the South African-born actress, “Jennifer A.Doudna …

Sofia Richie has not been able to move on from her on and off boyfriend of three years, Scott Disick. On the other hand, Disick seems to not be in the frame of mind to ‘settle down with anyone as of now.’ According to  a source, Disick is not “settling down with anyone” following his split from Richie in mid-August. …