KARACHI: A paltry decline in November sales compared to October and rising prices in the past few months on exchange rate parity did not affect car sales which increased by 13.6 per cent to 55,779 units in 5MFY21. Sales in Nov this year stood at 11,914 units versus 11,997 units in Oct. Car sales in Nov 2019 were much lower …

ISLAMABAD: Responding to concerns expressed by the Asia Internet Coalition (AIC) over the recently enacted rules for social media, the Pakistan Telecommunication Authority (PTA) said on Friday that “prejudiced and wrong impression is being created regarding the rules”. The rules — titled “Removal and Blocking of Unlawful Online Content (Procedure, Oversight and Safeguards) 2020” — were notified by the government on Nov …

ISLAMABAD: The PTI government contracted $10.447 billion worth of new foreign loans from multilateral institutions and commercial banks during the fiscal year 2019-20, almost one-fourth higher than previous year’s $8.4bn. According to Annual Report on Foreign Economic Assistance 2019-20 released by Ministry of Economic Affairs, 99 per cent of the new commitments were for loans and the remaining 1pc in grant commitments. …

KARACHI: The Sindh High Court (SHC) on Friday directed the port authorities to permit berthing of vessels of a leading cement/clinker exporting firm and some oil seeds importers as per ports rules and policy till Dec 23. A single bench of the SHC headed by Syed Zafar Ahmed Rajput also issued notices to the port authorities and other authorities concerned …

KARACHI: The central government debt increased by Rs652 billion (2.8 per cent) to Rs23.934 trillion by the end of October compared to Rs23.282tr in June earlier this year, latest data released by the State Bank of Pakistan showed on Friday. However, the external debt decreased by Rs255bn to Rs11.569tr in October. The external debts in June was at Rs11.824tr. The …

KARACHI: Stocks exten­ded the bullish spell on Friday with the KSE-100 index recording gains of 164.56 points (0.39 per cent) to settle at 42,470.40. The index made intra-day high by 322 points. Although select stocks on the technology and refinery sectors continued to show price flare up, the exploration & production sector also saw substantial rise in the stock price …

Kelly Clarkson’s divorce is suddenly taken an ugly turn, especially she alleged that her ex-husband, Brandon Blackstock’s company (Starstruck Management) is fraudulent. Amid the legal battle between Clarkson and her former management company, the singer has accused members of Starstruck Management, specifically Brandon and his father Narvel, of fraud and “illegal services.” Clarkson filed the case in Los Angeles and …

Kim Kardashian is almost done with putting in all the efforts of saving her marriage with Kanye West. Things between the couple are still hard and Kim is tired of it. The decision is tough and the reality TV star does not want to jeopardize her family’s future. A source close to the makeup mogul revealed, “Kim is exhausted from …

Disney fans are in for some major news as the magical adventures of Giselle from Enchanted are returning to screens with the sequel. Disney confirmed the sequels for a handful classics including the Amy Adam and Patrick Dempsey-starrer that we all grew up watching. The film will be officially titled Disenchanted, it was revealed as the news broke out on this year’s Disney’s …

FKA Twigs has sued ex0boyfriend Shia LaBeouf for subjecting her to “relentless sexual, emotional and physical abuse.” According to documents obtained by PEOPLE, Twigs filed a lawsuit in Los Angeles Superior Court against LaBeouf for torturing her repeatedly. The documents state  the singer, born Tahliah Debrett Barnett, accused LaBeouf of  sexually and physically assaulting and battering her, as well as giving …