KARACHI: The State Bank of Pakistan (SBP) on Friday expressed concerns that despite an encouraging economic recovery made during FY21, certain structural vulnerabilities could create hurdles for growth in FY22. In its third quarterly report ‘The State of Pakistan’s Economy’, the SBP noted that in the agriculture sector, the secular decline in cotton production needs to be addressed. “Timely availability …

KARACHI: Regular in­­vestors in equities know that it is almost impossible to ‘second-guess’ the market. It did not therefore surprise many when the market opened positive on Friday and after a dull and drab trading during almost all of the week. The KSE-100 index gained 206 points, or 0.43 per cent, and closed the second session at 47,834 points. Investor …

KARACHI: Lucky Motor Corporation (LMC) has signed an agreement with Samsung Gulf Electronics Co, FZE for producing Samsung mobile devices in Pakistan. In a stock filing on Friday, Lucky Cement Ltd (LCL) has said that its subsidiary LMC, which is currently engaged in business of manufacturing, assembly, marketing, distribution and sales of Kia and Peugeot vehicles, has also initiated the …

ISLAMABAD: Once a week Ghulam Ahmed, 38, takes time out from his cryptocurrency consulting business to log into a WhatsApp group with hundreds of members eager to learn how to mine and trade cryptocurrency in Pakistan. From housewives looking to earn a side income to wealthy investors wanting to buy cryptomining hardware, many barely understand traditional stock markets but all …

ISLAMABAD: The ex-Wapda distribution companies (Discos) have sought about 80 paisa per unit increase in tariff for one month while K-Electric has demanded up to Rs2.5 per unit increase for six months under monthly fuel cost adjustments (FCAs). Separately, the Karachi-based power utility has also sought about 37 paisa per unit increase in its normal tariff under quarterly tariff adjustment …

Kendall Jenner stunned fans with her true beauty as she rocked skimpy outfits during a latest styling session. The 25-year-old model shared her sizzling photos to Instagram on Thursday. In one shot she makes the most of an orange bikini while at a Beverly Hills mansion. The ‘Keeping Up With The Kardashians’ star, who is the star of the limited-time …

Gigi Hadid mesmerised fans with her stunning walk as she beamed in all-white ensemble during her surprise appearance in new York.  Gigi, 26,  put on a stylish display in gorgeous attire while strutting through Manhattan’s SoHo neighborhood on Thursday. The new mom – who relies on stylist Mimi Cuttrell – looked sophisticated in a snug blouse tucked into matching pleated …

CANNES: Cannes was shaken Friday by a South Korean virus flick about a bio-terrorist attack on a passenger plane. Eerily evocative of the ongoing Covid pandemic, “Emergency Declaration” by director Han Jae-rim tells the story of a vengeful biochemist spreading a deadly mutant corona-like virus on an aircraft. As passengers start dying messily, police on the ground scramble for solutions. …

Victoria Beckham  appeared to be fitness diva as she showed off her fit physique  in  new photos,  giving fans a peek inside her lavish gym at her Costwolds home. The 47-year-old fashionista  showcased all her best bits on Friday as she took to Instagram to share a trio of pictures during a home workout. The former Spice Girl was looking …

American rapper, DJ and producer Biz Markie, who shot to fame with his 1989 hit Just a Friend, died on Friday, aged 57, according to media reports. In a statement to US media, his representatives said he died with his wife by his side. “Biz created a legacy of artistry that will forever be celebrated by his industry peers and …