KARACHI: The State Bank of Pakistan (SBP) on Tuesday introduced a new mechanism to enable companies in Pakistan to conveniently remit out disinvestment proceeds to their foreign shareholders aiming to increase investor confidence. The SBP in a press release said the goal of this initiative is to make Pakistan a more attractive place for investment by increasing investors’ confidence and …

ISLAMABAD: As the Auditor General of Pakistan (AGP) claimed to have made Rs177 billion recoveries in first quarter of the current fiscal year, the Power Division on Tuesday called into question the publication of audit reports before conclusive decision by the Public Accounts Committee (PAC). “The AGP made recoveries of Rs176.9bn during first quarter (July-September) of 2020-21”, said an official statement. The …

KARACHI: Stocks tumbled on Tuesday with the KSE-100 index taking a plunge of 468.64 points (1.12 per cent) to close at 41,381.83. The index ceded over 80pc of the splendid gains made a day earlier. With the momentum generated from the Monday’s closing near the day’s high, the index opened in the positive but only managed to gain 72 points …

Kendall Jenner seems to mesmerise fans with her chic appearance as she shared two clips from a beach getaway celebration for sister Kim Kardashian’s 40th birthday. The reality star showed off her incredible fitness in two different outfits as she shared a video from her time at the beach location. Taking to Instagram on Tuesday, the charming model shared the …

Chrissy Teigen has articulated her pain after devastatating loss of her baby Jack. Earlier this month, Teigen and her husband John Legend, had a miscarriage due to severe complications in pregnancy. The Cravings author penned a heartbreaking essay in loving memory of her son, while opening about the staggering tragedy she was struck with. She spoke about letting their son go, and …

Kanye West appeared to have snubbed his wife Kim Kardashian’s 40th birthday celebrations held at a private island, pictures of which are going viral lately. The US rapper was nowhere to be seen in the family photos, however this is not exactly true. Page Six cited multiple sources that confirmed that Kanye was indeed a part of the luxe getaway. Although …

Priyanka Chopra is all set to star with Hollywood bigwigs, including the likes of Celine Dion and Sam Heughan. The stars will share screen space in a new romantic drama that is tentatively titled Text for You. On Tuesday, Pee Cee gushed over her next big Hollywood project. Taking to Instagram, she wrote, “So excited to kick start this amazing movie …

Meghan Markle and Prince Harry hired a luxury beachfront mansion to record a mental health podcast with US teenagers despite having their own $14 million lavish house down the road. The Duke and Duchess of Sussex spent over $400 an hour to record the podcast, it has been claimed. The lavish mansion Meghan and Harry rented to meet the teenagers …

A new report has lifted the veil of the ranks of celebrities based on their trustworthiness when they endorse a brand. The TIARA Research Report on Celebrities as Human Brands, which was released this Monday by the Indian Cricket team coach Ravi Shastri and Indian Institute of Human Brands (IIHB) chief mentor Sandeep Goyal, ranks Amitabh Bachchan as the most …

US rapper Machine Gun Kelly, while praising his ladylove, has revealed that romance with actress Megan Fox has changed his life and music, saying she also made him a ‘better person’. In an interview recently, the Forget Me Too singer, 30 said that he was ‘coked out of my mind in a drunken stupor’ before he started dating Megan. He went on …