KARACHI: The stock market relapsed into the red only a day after booking massive gains as investors decided to take profit on the side of caution. The KSE-100 index shed 198.92 points (0.49 per cent) and closed at 40,281.96 in a choppy trade that kept the index range-bound between the intra-day high and low by 433 and 257 points. The …

LAHORE: Pakistan hockey suffered a huge loss with the passing away of former national captain and hockey legend Abdul Rasheed Junior in Islamabad after a brief illness at the age of 79. The former Olympian — regarded as one of the finest centre-forwards the country ever produced — was a gifted spearhead who held many records in the days when …

ISLAMABAD: The export of services rebounded and posted a growth of 12.66 per cent year-on-year to $463.16 million in September, data released by the Pakistan Bureau of Statistics (PBS) showed on Wednesday. The first two months of 2020-21 witnessed negative growth in the export of services. However, the service exports between July-September period fell by 5.4pc to $1.225 billion as …

KARACHI: Cement sector registered ‘highest-ever monthly despatches’ of 5.73 million tonnes in October compared to 4.98m tonnes in the same month last year, said a statement re­­leased by the All Pakistan Cement Manufac­turers’ Associa­tion showed on Wednesday. The local cement uptake in October increased by 16 per cent to 4.86m tonnes from 4.19m tonnes in October 2019 while exports rose …

ISLAMABAD: The second meeting of Joint Work­ing Group on socio-economic development under China-Pakistan Economic Corridor framework on Wednesday decided to prepare projects for the third phase, and the Chinese government was asked to send experts for the implementation of priority projects. The meeting via video link discussed and reviewed the projects under $1 billion Chinese grant, and expres­sed satisfaction over …

ISLAMABAD: The Asian Development Bank (ADB) will provide about $10 billion in fresh assistance to Pakistan over the next five years to speed up economic recovery process. This was agreed in a virtual meeting between Federal Minister for Economic Affairs Makhdum Khusro Bakhtyar and Asian Development Bank (ADB) Vice President Shixin Chen. Secretary Economic Affairs Division Noor Ahmad and ADB’s …

Blake Shelton’s humungous engagement ring for Gwen Stefani came with a jaw-dropping price and has been creating lots of buzz ever since. The couple, finally got engaged to each other last month, after dating for five years. Now, as per a source close to them, Blake sought permission from Gwen’s three sons before proposing to her. “Blake told her boys …

Hollywood star Mark Ruffalo has come forth with all guns blazing against Donald Trump and schooled him about mail-in voting. The Republican presidential candidate had sparked a storm after falsely claiming victory on Wednesday while the vote tallying was incomplete and the final result was in a haze. He later turned to Twitter and expressed his disappointment, saying he was …

Queen Elizabeth and Prince Philip, who tied the knot on 20 November in 1947, are set to celebrate their 73rd wedding anniversary in the coming weeks. The pair, who fallen in love as teenagers, wed in the years following World War II.  Though their  relationship hasn’t been perfect, the royals proved with their steadfastness that romance isn’t dead. Though the …

Priyanka Chopra gave her fans a sneak peek into what she and her family has been up to as results of the US election 2020 slowly trickle in. Taking to Instagram Stories, Pee Cee revealed,  “The uncertainty of 2020 continues… watching the #USElections with my family in L.A. Many votes still uncounted… it looks like it’s going to be a …