With flowers in their hands and smiles on their faces, adorable Afghan children greeted Pakistan Cricket Team with high hopes of watching good cricket.
ISLAMABAD: The International Monetary Fund (IMF) rejected Pakistan’s claim that its programme conditions were one of the reasons for the postponement of elections in two provinces,
A well-known cricketer was stabbed to death by his best friend during a dispute over team selection for a tournament in the Nem Kallay area of Puran tehsil, Shangla, KP.
ISLAMABAD: On Pakistan Day (March 23), President Dr. Arif Alvi presented civil awards to 135 citizens and foreign nationals in recognition of their excellence and gallantry in their respective fields.
LAHORE: “The recently concluded three-day Pakistan Solar Exhibition provides a unique platform for developing partnerships with local governments and private sectors to find innovative solutions,” said Chinese exhibitor Howard Fu.
ISLAMABAD: Information Minister Marriyum Aurangzeb lauded the Election Commission of Pakistan’s (ECP) decision to postpone provincial assembly elections in Punjab as “in the best interests of the country.”
ISLAMABAD: The Supreme Court of Pakistan granted interim relief on Wednesday against the 20% deemed income tax on real estate, which will reduce revenue collection,
ISLAMABAD: As part of the government’s austerity efforts, the army has decided to hold the traditional military parade on Pakistan Day on a smaller scale in order to reduce costs
Cotton scarcity and restrictions on opening Letters of Credit (LCs) for imports have harmed the textile industry’s exports, resulting in widespread unemployment.
The issue was recently raised by the All Pakistan Textile Mills Association (APTMA) in a letter to State Bank of Pakistan (SBP) Governor Jameel Ahmad. According to the association, the textile industry is on the verge of bankruptcy because production and earnings are far below potential.
The Association expressed concern that the closure of the industry would result in the layoff of over 10 million people and a loss of more than $10 billion in annual export revenue.
It further mentioned that due to last year’s floods and heavy rains, local cotton production has remained at less than 5 million bales in the current season.
The APTMA wrote, “The textile sector is closed in the current unfavorable conditions. Consequently, there will be massive unemployment in the country,” adding that “the textile industry will have to import at least one million bales of cotton to meet its requirement. However, banks were not opening LCs for import of the required quantity of cotton”.
The Association has warned that mills are running out of cotton stocks, forcing the industry to halt production due to a lack of raw materials. It has urged the governor of the SBP to open LCs for cotton imports, citing the fact that import consignments were stranded at ports and needed to be released as soon as possible.
The general elections in Punjab that were supposed to take place on April 30 have been postponed by the Pakistani Election Commission due to the recent wave of terrorist attacks across the nation.
Spotify has removed Zee Music Company’s entire catalogue of Bollywood songs after negotiations for a renewal of their licensing agreement fell through last week.
AB de Villiers, the legendary South African cricketer, named former Pakistani pacer Mohammad Asif as the bowler he would want to bowl for his life due to his ball skills
