The writing is on the wall. Crude stakeholders are now beginning to comprehend the bitter reality that the market glut is stubborn and difficult — if not impossible — to overcome. And this carries long term consequences. With a Covid-19 vaccine unlikely to ride to the rescue of the global oil market for some time, the combination of weaker demand …

KARACHI: Expressing concern over the Competi­tion Commission of Pakistan (CCP) inquiry into the alleged increase of cement prices during April 2020, the All Pakistan Cement Manufacturers Association (APCMA) on Saturday questioned the intent and purpose of the investigation. During April 2020 — which is the fourth quarter of FY20 — Covid-19 was at its peak and the entire country was …

LAHORE: Pakistan-born South African leg-spinner Imran Tahir has hailed Babar Azam as one of the best batsmen in the world and says captaincy will not have any negative effect on the right-hander’s batting. Talking to Dawn at the LCCA Ground, where he visited and coached the young cricketers training at its parent Shining Cricket Club, said: “Look Babar Azam is one of …

KARACHI: The outgoing week was marked by high volatility, mundane trading, lack of investor interest and low volumes as sentiments remained dampened by uncertainties in the absence of positive triggers. The KSE-100 index gave up 382 points, or 0.94 per cent, closing the week at 40,187. Investors were majorly spooked by the rising cases of Covid-19 infections globally which also …

c KARACHI: For decades, Pakis­­tan’s policymakers, multilateral donors, and the Inter­national Monetary Fund (IMF) have highlighted the need for Pakistan to broaden its tax base. This broadening is seen as a necessary ­precondition for stabilising the country’s chronic fiscal deficit challenges. Additionally, a broader tax base would lead to increased fiscal capacity for spending on human development needs, a dire …

ISLAMABAD: At a time when the economy is grappling with second wave of Covid-19, the International Monetary Fund has recommended a string of policy proposals from the rationalisation of tax rates to withdrawal of tax exemption and removal of all distortions in the country’s tax system. A technical mission of the fund has conducted a detailed study of Pakistan’s existing …

John Legend and Carrie Underwood’s new track Hallelujah has taken music charts by storm. So much so that many believe this track might be on the fast track to becoming an annual Christmas hit. “This song and its message is much needed right now and I’m honored to have it on my Christmas album, My Gift,” Underwood admitted to Instagram Stories earlier this …

Eminem has dissed several opponents and celebrities over the years. The Detroit rapper’s recent diss tracks against Nick Cannon and Machine Gun Kelly were instant hits. But creators has now used technology to write a diss track aimed at Facebook chief Mark Zuckerberg in Slim Shady style. According to a report the lyrics have been written with the help of …

Turkish actress Ezgi Esma Tümen played the role of Banu Çiçek in historical TV series “Dirilis: Ertugrul”. Taking to Instagram on Saturday, Esma treated her fans with a throwback picture. “Dirilis: Ertugrul”, the historical TV series started airing in 2014 and ended in 2019. The show went on to become one of the highly popular TV series in several Muslim …

The Foreign Office (FO) on Saturday summoned the Indian Chargé d’Affaires in Islamabad to reject the “completely groundless allegations” by the Indian government suggesting Pakistan’s involvement in an alleged terror plot in Indian-occupied Kashmir. In a statement, the FO cautioned New Delhi against making any “miscalculation”, saying any attempt by it to implicate Pakistan in a “false-flag operation” will not carry …