ISLAMABAD: The prices of petroleum products may come down by up to Rs5.5 per litre on Wednesday provided the prime minister accepts recommendation of the Oil & Gas Regulatory Authority (Ogra) based on fall in international market. A senior government official told Dawn that Ogra’s summary on price cut had reached the Ministry of Finance that would be taking up …

ISLAMABAD: A day after ouster of Finance Minister Dr Abdul Hafeez Shaikh, the government raised $2.5 billion in three dollar bonds of five, 10 and 30 years from the international capital market on Tuesday. Receiving over 50 per cent oversubscription to $5.3bn, this was the first international capital market transaction since the Pakistan Tehreek-i-Insaf came to power in August 2018. Last week’s …

Shares at the Pakistan Stock Exchange were on the rise since the opening bell on Wednesday with the benchmark KSE-100 index up 588 points, or 1.32 per cent, to reach 45,079 by 10am. So far, commercial banks contributed 116 points to the benchmark index, followed by cement stocks with 82 points. The surge was supported by the government’s first foray into the …

The upsurge of the rupee against the US dollar continued on Wednesday with the local currency gaining 49 paisa compared to the previous close on the back of $499 million inflows from the International Monetary Fund (IMF) and a Eurobond issue of $2.5 billion. Tuesday’s closing rate was Rs153.09 while the dollar was being quoted at Rs152.60 during early trade …

Hollywood icon Sharon Stone looked back at the time she was made to pay Leonardo DiCaprio’s salary for the film, The Quick and the Dead. Sharing the anecdote in her memoir, The Beauty of Living Twice, Stone, 63, said she was the one who secured the Titanic actor’s role in the film which she co-produced. “This kid named Leonardo DiCaprio was the only one …

Meghan Markle made a string of explosive claims during her earth-shattering interview with Oprah Winfrey. The Duchess of Sussex, in one bombshell claim, said her mental health was in shambles, so much so, that she wanted to commit suicide. However, Meghan added, she was denied any professional help by the institution. Debunking the claims, Princess Diana’s biographer Andrew Morton said …

Exes Quavo and Saweetie appeared to be involved in a fight in an elevator prior to their breakup. According to surveillance footage obtained by TMZ, Saweetie can be seen taking a swing at the Migos rapper, however he was able to dodge it. The two could be seen fighting over an orange Call of Duty case which results the Best Friend rapper on …

Meghan Markle’s friend once called her out for a very unusual reason, leading to an eventual fallout between the two. The incident included an unidentified friend in England accidentally sending the Duchess a voice note complaining about how much she uses emojis. “One of Meghan’s British friends fell out with her because Meghan was writing all these messages with loads …

The release of rapper Lil Nas X’s music video Montero (Call Me by Your Name) saw comparisons being drawn to FKA twigs’ Cellophane music video. Fans had pointed out that the dancing visuals were similar to the song which released in April in 2019 and the director of the latter video took to Twitter to agree saying that his work was clearly “copied”. The Old …

A US judge on Tuesday rejected English singer-songwriter Ed Sheeran’s bid to dismiss one of three lawsuits accusing him of lifting his 2014 smash Thinking Out Loud from Marvin Gaye’s 1973 classic Let’s Get It On. US District Judge Ronnie Abrams in Manhattan said Structured Asset Sales LLC, which owns one-third of Let’s Get It On co-writer Ed Townsend’s estate, …