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Daily Archives: June 19, 2021

PSX introduces 90-day deliverable futures contract from August


June 19, 2021

KARACHI: The Pakistan Stock Exchange (PSX) on Friday announced the introduction of a new futures eligibility criteria and the launch of 90-day maturity Deliverable Futures Contracts (DFC). The changes would come into effect from DFC August 2021 and would start from July 26. Many investors who believe that the current 30-day future contract was the spoiler of the market as …

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Govt mulls tax relief to make cars up to 1,000cc affordable


June 19, 2021

ISLAMABAD: Tax relief for the auto sector is expected to be enhanced for cars up to 1,000cc in the Finance Bill 2021, with the aim of promoting affordable cars and localisation in the country. In a meeting chaired by Federal Minister for Finance and Revenue Shaukat Tarin on Friday, Federal Minister for Industries and Production Makhdum Khusro Bakhtyar gave a …

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Pakistan’s Haroon Khan wins bronze medal at 24th Asian Taekwondo Championship


June 19, 2021

Beirut: Pakistan’s Haroon Khan has claimed a bronze medal at the 24th Asian Taekwondo Championship in Beirut, Lebanon. Haroon Khan was seriously injured by a Tajik player in the quarterfinals. Haroon Khan wanted to play in the semi-finals despite being injured but doctors did not allow him to play. President of Pakistan Taekwondo Federation Col (retd) Wasim Janjua announced a cash …

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Foreign investment jumps by 63pc in May


June 19, 2021

KARACHI: The inflows of foreign direct investment (FDI) in May jumped by 63 per cent to $198.3 million compared to $121.4m in the same month last year, the State Bank of Pakistan (SBP) said on Friday. The increase of about $77m in FDI could be a harbinger of positive change, given that slow growth was observed over the past few …

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Miley Cyrus’ ex-girlfriend Kaitlynn Carter announces happy news


June 19, 2021

The bliss of being a mother for the first time is the greatest blessing a woman can wish for. American actress Kaitlynn Carter currently feels the joy of the upcoming baby. The 32-year-actress who was previously romantically involved with American pop singer Miley Cyrus announced the big happy news on social media that she is going to be a mother …

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Imad credits bowlers for Karachi Kings’ comeback win


June 19, 2021

KARACHI: A relieved Imad Wasim credited his bowlers for Karachi Kings’ comeback during their ‘must-win’ clash in the HBL Pakistan Super League 6 against traditional rivals Lahore Qalandars in Abu Dhabi. With a playoff spot at stake, the defending champions were in danger of missing out qualification for next week’s phase after losing all three fixtures at the Sheikh Zayed …

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‘No spectators safest option for Tokyo Olympics’


June 19, 2021

TOKYO: The safest way to hold the Tokyo Olympics is without any fans, the top medical adviser to the Japanese government said in a report on Friday. Dr. Shigeru Omi’s recommendation seems to put him at odds with organisers and the International Olympic Comm­ittee with the Olympics opening in just five weeks on July 23. Fans from abroad were banned …

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Sweden close in on knockouts after Belgium, Netherlands advance


June 19, 2021

ST PETERSBURG: Sweden took a step towards the last 16 of Euro 2020 with a 1-0 win over Slovakia on Friday, a day after Belgium and the Netherlands punched their tickets to the knockout stage. Slovakia blew the chance to qualify for the last 16 with a match to spare after losing to Sweden in St Petersburg and conceding top …

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Instead of targeting coronavirus with drugs, researchers are trying a new approach


June 19, 2021

Instead of targeting the coronavirus with experimental drugs, UK researchers are trying a new approach. They are targeting infected cells to attempt to repair damage inflicted by the virus and prevent it from spreading. To make copies of itself, or replicate, inside infected cells, the virus activates a cellular response called the “unfolded protein response,” explained Nerea Irigoyen of the …

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