LAHORE: Commerce Adviser Abdul Razak Dawood on Saturday said the country needs to go for geographic diversification of exports by using Transports Internationaux Routiers (TIR) Convention as it guarantees export to Europe and Central Asia via Iran and Afghanistan. Addressing the business community at the Lahore Chamber of Commerce & Industry (LCCI), he said the demand of abolishing or reducing …

KARACHI: A cyberattack on the National Bank of Pakistan (NBP) has been detected that has disrupted its services which are likely to be restored by Monday, said a statement issued by the bank on Saturday. “In the late hours of the 29th and early morning of the 30th October, a cyberattack on the NBP’s servers was detected which impacted some …

ISLAMABAD: The Federal Board of Revenue (FBR) collected Rs1.840 trillion in the first four months of the current financial year exceeding the target of Rs1.608tr by Rs232 billion, provisional data compiled by the FBR showed on Saturday. Compared with the revenue collection of Rs1.341tr in 2020, the collection posted 37 per cent growth in the first four months (July-October) this …

MEXICO CITY: A well-preserved Mayan canoe, estimated to be about 1,000 years old, has been found in Mexico during construction work on a major rail link, the country’s National Institute of Anthropology and History (INAH) said. A team of INAH underwater archaeologists found the pre-Hispanic vessel between the southern states of Yucatan and Quintana Roo in a cenote — underground …

WASHINGTON: The United States and Pakistan are holding regular consultations on issues other than Afghanistan and counterterrorism, US officials and Pakistani lawmakers say. On Friday afternoon, US Under Secretary of State for Civilian Security, Democracy and Human Rights Uzra Zeya met Pakistan’s Ambassador Asad Majeed Khan for talks on bilateral issues other than terrorism and Afghanistan. After the meeting, Zeya …

ROME: G20 leaders have formally endorsed the global agreement for a minimum 15 percent corporate tax, US Treasury Secretary Janet Yellen said on Saturday, hailing it as a “historic” step. “Today, every G20 head of state endorsed a historic agreement on new international tax rules, including a global minimum tax that will end the damaging race to the bottom on …

BEIRUT: Kuwait followed Saudi Arabia and Bahrain by ordering the Lebanese charge d’affaires on Saturday to leave the emirate within two days over comments made by a Lebanese minister regarding the war in Yemen. Kuwait also recalled its ambassador from Beirut. Later on Saturday, the United Arab Emirates’ state-run WAM news agency said on Twitter that it would withdraw its diplomats from …

OTTAWA: The Canadian government asked the country’s federal court of appeal on Friday to overturn a landmark decision awarding billions in compensation to indigenous children, annou­ncing it would instead seek to negotiate a deal. Canada has said it believes the payments are necessary, but would rather iron out the details in talks. The money is meant to compensate for ind­i­g­enous …

ROME: British Prime Minister Boris Johnson complained to EU chief Ursula von der Leyen on Saturday that French threats over fishing were “completely unjustified” as a minister said London was “actively considering” invoking a Brexit dispute tool for the first time. For her part, Von Der Leyen tweeted that the European Commission was “intensively engaging for finding solutions” on both …

Taliban supreme leader Haibatullah Akhundzada reportedly addressed supporters in the southern city of Kandahar, officials announced on Sunday, his first public appearance since taking control of the group in 2016. Akhundzada has been the spiritual chief of the movement since 2016 but has remained a reclusive figure, even after his group seized power in Afghanistan in August. His low profile …