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Trade Deficit falls by 4.4% in six months: claims official

KARACHI: According to the spokesperson for Ministry of Finance the pressure on external account is decreasing and the current account deficit dropped by 4.4% in six months. Finance Ministry spokesperson Dr Khaqan Najeeb while speaking to a private channel said, “In the first six months of the current fiscal year, economic numbers showed better performance.” “Remittances showed a growth of...

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Abbas destroys Australia to put Pakistan on top

ABU DHABI: Pacer Mohammad Abbas took five wickets as Pakistan dismissed Australia for 145 runs on the second day of the second Test in Abu Dhabi on Wednesday. Abbas dismissed Shaun Marsh for three runs, Travis Head for 14 and Mitchell Starc for 24 runs to derail Australia after they resumed at 20-2 in reply to Pakistan's 282 all out...

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Fakhar Zaman steers Pakistan out of trouble but misses century

ABU DHABI: Opener Fakhar Zaman missed a hundred by six runs on his debut but still lead Pakistan´s fightback on the first day of the second Test against Australia in Abu Dhabi on Tuesday. The 28-year-old left-hander fell leg-before to leg-spinner Marnus Labuschagne for 96 but lifted his team from a precarious 57-5 to 204-6 at tea after Pakistan won...

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US Dollar rises by Rs1.60 in interbank market

KARACHI: The rate of the U.S. dollar has increased on Monday, by Rs1.60 after which its value was recorded as Rs133.50 in interbank market. The unprecedented dollar rise was up to Rs1.60  after which its value was recorded as Rs133.50 in interbank market. During previous week, the dollar recorded an unprecedented increase of Rs9.39 after opening on October 9. Due...

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Russia may resume manned space flights on November 28

MOSCOW: The next manned flight of a Soyuz rocket to the International Space Station (ISS) could take place on November 28, Interfax news agency quoted a Russian space industry source on Saturday as saying. A Russian cosmonaut and a US astronaut survived an aborted liftoff after a Soyuz rocket bound for the ISS failed in mid-air two minutes after the...

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PTI led govt to arrange $2-3 bn stopgap financing from allies to avoid deepening economic woes

ISLAMABAD: Before an International Monetary Fund bail out package is not approved, the PTI-led government would have to arrange $2-3 billion of stopgap financing from friendly countries in the coming weeks, to avert a deepening of the economic crisis. According to the top officials of economic ministries privy to development,said that project financing from international donors had shrunk during the...

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Hackers stole details of 29 million users of Facebook

Facebook Inc said Friday attackers stole names and contact details of 29 million users in the mass security breach disclosed by the social media network late last month. The breach, Facebook’s worst ever, has exacerbated concerns among users, lawmakers and investors that the company is not doing enough to safeguard data, particularly in the wake of the Cambridge Analytica data...

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Register your phone with PTA or it will stop working soon

The Pakistan Telecommunication Authority (PTA) has directed mobile phone users to register their cellular devices with the authority. In a text message sent to mobile phone users, PTA has warned that non-compliant devices will not work after October 20. To register your cellular device, you have to send your IMEI number via SMS to 8484. You can check your IMEI...

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Pakistan-Australia Test match ends in a thrilling Draw

DUBAI: First Test match between Pakistan and Australia ends in a thrilling draw as Usman Khuwaja and skipper Tim Paine saved Australia from defeat. Yasir Shah cast his spin magic in the closing hour of the final day of the first Test in Dubai to take Pakistan to the brink of victory on Thursday. Shah ended opener Usman Khawaja's fighting...

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Mr. Perfectionist Aamir Khan walks away from film after harassment claims against director

On Wednesday, Bollywood actor Aamir Khan announced his departure from an upcoming film following sexual harassment allegations against the director. The actor while not mentioning the name of the film or director took to Twitter and announced that he was stepping away from the project after he was informed of “sexual misconduct” on the part of a collaborator. Aamir was...

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US dollar being sold at Rs.136 in open market: Dealers

Web-Desk: On Wednesday, the US dollar continued to spike for a second day as it was being sold for Rs136 in the open market. According to General Exchange Companies Association of Pakistan Secretary Zafar Paracha said the dollar is being bought at Rs134 and sold at Rs136 in the open market. “The dollar has risen by a further Rs1.50 today,”...

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US Dollars rises to Rs 134 in interbank market

KARACHI: The US dollar, on Tuesday hiked to Rs134 in the interbank market. The unprecedented dollar rise was up to Rs9.75 as market opened today at Rs124.25. Due to the increase in Dollars the marker and key players are uncertain about future prospects. The rapid increase in the dollar is owing the government’s decision to approach the International Monetary Fund...

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Bilal Asif leads Australian collapse as Pakistan bat again

DUBAI: Debutant Pakistan off-spinner Bilal Asif led an Australian collapse with six wickets on the third day of the first Test in Dubai on Tuesday. Australia were all out for 202 after a solid opening stand of 142-0 on a Dubai stadium pitch which started to take a sharp turn. Pakistan decided not to enforce follow-on and are batting again...

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‘Babu Ji in trouble’: Veteran Indian actor Alok Nath accused of rape, sexual harassment

Vinta Nanda, Indian Director, who produced and wrote hit TV serial 'Tara' has alleged that veteran actor Alok Nath (famously known as Babu Ji), who was part of the show, raped her. Nanda alleged that Alok Nath raped her and harassed Tara's female lead. Alok is commonly known for his roles as a stereotypical Indian father, personifying religious traditions and...

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Australia face challenge after Haris Sohail smacks maiden Test century

Australia's openers survived a torrid 13 over spell to finish on 30 without loss after Haris Sohail's maiden century guided Pakistan to 482 on the second day of the first Test in Dubai on Monday. Usman Khawaja was unbeaten on 17 and debutant Aaron Finch was 13 not out as Australia negotiated some tight spin bowling from Pakistan on a...

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First Test: Ton-up Hafeez puts Pakistan in dominate position against Australia

Opener Mohammad Hafeez celebrated his recall with an impressive century as Pakistan dominated the opening day of the first Test against Australia in Dubai on Sunday. Pakistan were 255-3 at the close of play, with Haris Sohail unbeaten on 15 and nightwatchman Mohammad Abbas one not out as Australian bowlers toiled away with little success on a flat Dubai Stadium...

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Era of bank secrecy ends: Swiss starts sharing accounts data

ZURICH: The era of mystery-cloaked numbered Swiss bank accounts has officially come to a close as Switzerland, the world’s biggest center for managing offshore wealth, began automatically sharing client data with tax authorities in dozens of other countries. The Federal Tax Administration (FTA) said on Friday it had for the first time exchanged financial account data at the end of...

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