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Daily Archives: August 17, 2021

Scarlett Johansson lands new role amid Disney suit


August 17, 2021

Scarlett Johansson has  bagged a new project amid her ongoing suit with Disney. As per Variety, the 36-year-old  star has joined Wes Anderson for his upcoming movie. The film, which is currently untitled, will also star Adrien Brody, Jason Schwartzman, Tilda Swinton, and Bill Murray. Margot Robbie and Tom Hanks in prominent roles. Johansson recently made headlines when she sued Disney …

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T20 World Cup: Pakistan, India to face off on October 24 in Dubai


August 17, 2021

Pakistan will face India on October 24 at the Dubai International Cricket Stadium for the men’s T20 World Cup, according to the scheduled announced by the International Cricket Council (ICC) on Tuesday. The 16-nation tournament — to be held in the United Arab Emirates and Oman — will begin on October 17 with Oman taking on Papua New Guinea in …

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Wyeth sets repurchase price at Rs1,284.18 per share


August 17, 2021

KARACHI: Wyeth Pakistan Lim­ited on Monday disclosed the minimum purchase share for the buyback transactions with the minority shareholders at Rs1,284.18 per share. The pharmaceutical firm had first informed the Pakistan Stock Exchange (PSX) on May 18, 2021 that the majority shareholder in the company Wyeth LLC, USA intended to repurchase all outstanding shares presently listed at the bourse, barring …

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OGDC awarded five oil, gas exploration licences


August 17, 2021

ISLAMABAD: The government on Monday awarded five licences to the state-run Oil & Gas Development Company (OGDC) for exploration in Punjab, Khyber Pakhtunkhwa and Sindh provinces, with an investment of around $13.32 million in three years. The Petroleum Concession Agreements (PCAs) and Exploration Licences (ELs) include Block No 3372-26 (Hazro), Block No 2972-7 (Vehari), Block No 2972-8 (Sutlej), Block No …

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Pakistan’s dollar bonds under selling pressure


August 17, 2021

LAHORE: Pakistan’s dollar-denominated bonds came under selling pressure on Monday as Taliban fighters overthrew the US-backed Ashraf Ghani government in Afghanistan to seize Kabul, with the prices of five, 10- and 30-year maturity papers dropping by 1.4 per cent, 1.7pc and 1.8pc, respectively. “The drop in prices shows some investors are bracing themselves for the potential Afghanistan fallout on Pakistan,” Fahad Rauf, …

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Govt allows $400m venture in Abu Dhabi


August 17, 2021

ISLAMABAD: The government on Monday allowed a consortium of the country’s leading petroleum exploration and development (E&P) companies in the public sector to go for a $400 million exploration attempt in Abu Dhabi, United Arab Emirates. The decision was taken at a meeting of the Economic Coordination Committee (ECC) of the Cabinet presided over by Finance Minister Shaukat Tarin. It …

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PM Imran agrees to proposed LG law for Islamabad


August 17, 2021

ISLAMABAD: Prime Minister Imran Khan on Monday agreed, in principle, to the proposed Local Government Act under which the mayor of Islamabad would be elected directly. Under the new local government system, the number of union councils will also be increased from the existing 50 to 100. The prime minister reviewed and approved the draft Local Government Act at a …

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Covid-19 testing facilities set up at airports for UAE-bound passengers


August 17, 2021

ISLAMABAD: The Pakistan Civil Aviation Authority (PCAA) has established rapid polymerase chain reaction (PCR) testing facilities at eight major airports in different cities including Islamabad, Karachi, Lahore, Multan, Peshawar, Faisalabad, Quetta and Sialkot for passengers travelling to United Arab Emirates (UAE). On the other hand, six people passed away after losing their battle against Covid-19 in Islamabad and Rawalpindi districts …

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Religious parties hail Afghan Taliban’s reconciliation policy


August 17, 2021

PESHAWAR: The religious parties on Monday hailed the ‘victory’ of the Tehreek Taliban Afghanistan and appreciated its leadership’s policy of ‘reconciliation and modesty’. In a message issued to the leadership of the Afghan Taliban here on Monday, Jamiat Ulema-i-Islam-Fazl chief Maulana Fazlur Rehman said his party had called the attack of the US and Nato forces on Afghanistan an invasionfrom …

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