ISLAMABAD: The Cabinet Committee on Energy (CCoE) on Friday approved allocation of pipeline capacity to two new LNG terminal developers to facilitate their investment in the additional gas infrastructure and once again decided to dissolve Pakistan Electric Power Company (Pepco).The company was disbanded twice in the past. A meeting of the CCoE, presided over by Planning and Development Minister Asad …

KARACHI: The stock market witnessed range-bound activity on Friday with the benchmark index trading between its intraday high of 84 points and low of 248 points before closing at 44,477, down 0.24 per cent. Topline Securities reported that major contributors to the index were Systems Ltd, Habib Bank Ltd, Colgate-Palmolive, Bank Al Habib Ltd and MCB Bank Ltd. They cumulatively …

ISLAMABAD: Pakistan and the International Monetary Fund (IMF) are still trying ‘give and take’ on raising taxes and electricity tariff at the last leg of technical-level discussions to put $6bn Extended Fund Facility (EFF) back on track. Informed sources said the virtual talks between the two sides on Friday were extended at the last moment for 8-10 hours as they …

KARACHI: Overseas Pakistanis sent the highest-ever $8 billion remittances during the first quarter of the current fiscal year, registering a growth of 12.5 per cent over the same period last year. The State Bank of Pakistan (SBP) on Friday reported that with inflows of $2.7bn in September, workers’ remittances continued their strong momentum and remaining above $2bn since June 2020. …

THE HAGUE: The International Criminal Court said on Friday it was seeking clarity over who was in charge in Afghanistan, before deciding whether to grant a prosecution request to relaunch a probe into serious crimes committed there. The Hague-based tribunal’s new prosecutor last week sought to reopen an investigation into Afghanistan, saying he would focus on the Taliban and militant …

A special court in Lahore on Saturday extended till Oct 30 the pre-arrest bail of Leader of Opposition in National Assembly Shehbaz Sharif and his son Hamza Shehbaz in the money laundering case. Shehbaz and Hamza are facing Rs25 billion money laundering charges in the sugar scandal. The Federal Investigation Agency (FIA) had booked them in the case under sections …

Hackers obtained Social Security numbers for some district staff in a recent cyberattack, Allen ISD Superintendent Robin Bullock announced in an email Friday afternoon. It is not yet known if all staff or students had their information exposed. The district will notify the staff members – and any others, if any – whose Social Security number was compromised. The cyberattack on …

Hollywood star Letitia Wright has hit the headlines once again for all the wrong reasons after she was found sharing anti-vax propaganda on the set of Black Panther 2. The revelation was made by The Hollywood Reporter, about how the actor, who got into trouble last year over her contentious stance on COVID vaccines, was spreading the same views in front …

Meghan Markle and Prince Harry have reportedly been called out over their glaring inconsistency during the New York City trip. This shocking decision earned criticism from Vanity Fair’s royal editor Katie Nicholl. Vanity Fair’s royal editor Katie Nicholl brought this shocking action to light. During her interview with True Royalty TV’s The Royal Beat she questioned the couple’s motive for donning such …

Hollywood actress Kristen Stewart has earned massive praise for her jaw-dropping transformation in upcoming film Spencer. Ahead of the film’s release, the actress, who is playing the  role of Lady Diana in the upcoming movie, opened up about her experiences while playing  the late Princess of Wales. In her latest interview with The Daily Mail via People, the Twilight famed actress revealed that there was one moment …