KARACHI: Stocks bou­nced back on Wed­nesday with the KSE-100 index settling down with net gains of 109.35 points (0.25 per cent) at 43,360.19. The index started out on a positive note and made to intra-day high by 305 points on the back of share price spike in the exploration & production sector. However, in the midst of low investor participation …

ISLAMABAD: The government on Wednesday decided to impose up to Rs200,000 tax on sale of locally manufactured vehicles within 90 days of delivery from manufacturer to discourage ‘on-money’ and removed sales tax on locally manufactured phones worth over $200 and 4pc withholding tax on local mobile manufacturers. The decisions were taken at meeting of the Economic Coordination Committee (ECC) of …

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved in principle first phase of the subsidy rationalisation plan with estimates of about Rs488 billion annual savings. The meeting presided over by Finance Minister Hafeez Shaikh deferred two other critical matters — import of additional 380,000 tonnes of wheat and Rs739bn Karachi Transformation plan. The ECC approved in …

When India banned the hit PUBG mobile game over its diplomatic row with China, Zeyan Shafiq’s eSports team was suddenly left without players. So Shafiq, who is based in Indian occupied Kashmir, did something very unusual: he reached across the border to Pakistan. Shafiq, 18, feared reprisals over his move, but none came. It resulted in an unheard-of alliance between …

Acknowledged for her groundbreaking cell-biological work on the mechanisms of epigenetic gene regulation, Pakistan-born Asifa Akhtar has been selected as a recipient of Germany’s Leibniz Prize — one of the most prestigious awards of the country. Germany’s Max Planc society — a fundamental research and science organization, where Akhtar is also serving as the first international female Vice President — shared the …

Amber Heard spent a few days in Istanbul after  recording her testimony  in Johnny Depp case in London earlier this year. Depp  lost the libel suit when her claims were rejected by the court a couple of months later. Amber  had appeared as a witness in the trial of Depp’s case against a British tabloid. The actor was suing the …

Khloe Kardashian and Tristan Thompson sparked reunion buzz yet again after they were seen enjoying date night recently. This happened after Khloe flew to meet Tristan in Boston  on Tuesday evening  and the couple headed to Zuma restaurant at the Four Seasons Hotel One Dalton Street for a low-key dinner. According to a friend revealing to PEOPLE, the couple entered the …

Jennifer Aniston has officialy returned to the sets of her famed show The Morning Show. On Tuesday, the starlet was seen shooting for a sequence  in Los Angeles, after the show recently began production on Season 2. Aniston was seen sporting a beige coat and was being photographed checking her makeup in a mirror as crew members wore face masks standing …

Veteran British actor Sir Ian McKellen has received vaccine against novel coronavirus in the first round of the vaccinations. The 81-year-old actor joined the first eligible groups for the Covid-19 vaccine and was snapped having first dose on Wednesday. He received the vaccine at the Arts Research Centre, Queen Mary University Hospital. After getting the vaccine, Sir Ian said: “It’s …

Tom Cruise let rip over an apparent breach of Covid-19 safety protocols on the London set of the new Mission: Impossible movie, telling crew members they would be fired if they don’t obey the rules, Britain’s Sun newspaper reported on Tuesday. In expletive-filled remarks captured on audio tape obtained by The Sun, the star and producer of the action film yelled at the crew about lapses of …