ISLAMABAD: The country’s fiscal deficit widened to 1.8 per cent, or Rs822 billion, of GDP in the first five months of FY21 compared to 1.6pc (Rs676bn) in the corresponding period last year. The Ministry of Finance in its monthly economic update and outlook, released on Tuesday, observed that the current outlook ensures economic revival on the basis of continued recovery …

ISLAMABAD: As the opposition smelled a rat in the closure of a PIA-owned luxury hotel in New York, the government on Tuesday told the Senate there was no plan to privatise Roosevelt Hotel. The opposition said it appeared that the government was preparing ground to sell out the 19-storey hotel at a throw-away price. PPP Senator Raza Rabbani alleged that …

KARACHI: Repatriation of profits was 26 per cent higher than the inflow of foreign investment during the first half of the current fiscal year. The State Bank of Pakistan (SBP) reported on Tuesday that the total outflow of profits and dividends was $892 million while the total foreign investment was $708m during the July-December period of 2020-21. Moreover, the profits …

ISLAMABAD: The current status and progress as well as probable timeline for the completion of the transaction of Pakistan Steel Mills were discussed at a high-level meeting chaired jointly by the ministers for privatisation and industries and production on Tuesday. The valuation of core assets to be transferred to a new subsidiary is under way and will likely be completed …

Selena Gomez left onlookers in awe with her unexpected adventure during her latest outing in New York City on Monday, showing off her  natural  beauty in a turtleneck top. The music sensation  delighted fans with her chic appearance as she took a break from shooting and stepped out for shopping  with a friend. The 28-year-old   was looking extra-glamours in a …

Pamela Anderson will no longer be posting on social media, saying platforms are being used for mind control. The former ‘Baywatch’ star, who has over a million followers on Instagram alone, has announced she will no longer be posting on social media. The 53-year-old left fans in shock as she  announce her decision that she would no longer be posting …

Jennifer Aniston looked great as she showed off her hairstyle in latest snap with ‘Friends’ stylist Chris McMillan ahead of her 52nd birthday. The Friends alum was looking stunning as she got new highlights on her famous mane this week. The 51-year-old actress shared two new portraits on  Instagram on Monday where she was seen enjoying the moments with her …

Princess Diana’s dresser Dame Zandra Rhodes gushed over  her, saying it was a dream to work with charismatic royal lady. The  80-year-old  designer recalled the moments  of working with Prince Harry and Prince William’s mom Diana, saying she  was worried about outfits ‘falling open’ and being photographed at the ‘wrong angle’. The late royal was ‘very, very shy’ and cautious …

Turkish actress Burcu Kiratli, who essays the role of Gokce Hatun (Roshni) in the historical drama series Dirilis: Ertugrul, returned to social media after a short break. Burcu ended her Instagram hiatus with a stunning picture of herself. Gokce turned to photo-video sharing platform and posted her dazzling snap with sweat droplets emoji. This is first Instagram post of Burcu since …

Paris Hilton has worn her heart on her sleeve and shared that she and her boyfriend Carter Reum plan on starting a family together. Speaking on The Trend Reporter With Mara, The Simple Life star revealed that after speaking to her long term best friend Kim Kardashian West, she is deciding to start a family with her man via IVF. “We talk about …