The plan to down the shutters came for consideration a day after the federal cabinet contemplated the move to maximise the use of daylight as part of the government’s austerity measures to deal with the energy crunch. The government is scrambling to balance its books amid a fierce squeeze on energy and shrinking room for spending, with intense heat showing...
If you’re nodding, then Sarmad Khoosat’s bittersweet poetic universe of Kamli will absorb you completely. It will make you feel seen and heard in its dreamy landscape abundant with mysterious, haunting, dark corners. The symbolic tale of longing and love amidst culturally-bounded relationships, takes off with a close shot of the beautiful Saba Qamar as Hina, assuming the lifeless abandoned wife,...
How? He not only drove in a high-speed Freedom 90 race at the Lucas Oil Raceway in Indianapolis, but did it all the while suffering from food poisoning. If that wasn’t crazy-enough, he also broke the lap record on the track, which he was driving on for the very first time, to shock even the native drivers who knew everything...
Besides, the domestic political uncertainty ahead of next general elections may also keep the economic decision-making process weak. The global credit rating agency, however, affirmed the government of Pakistan’s current credit rating at ‘B3’ on strong expectations that the country would succeed in acquiring the required foreign financing from the International Monetary Fund (IMF) and other multilateral and bilateral lenders...
For the port city, which is also the country’s business and financial hub, a further surge in power outages could mean a huge dent in the national economy. The local business community fears that if load-shedding hours, which are a nuisance at the moment, become even more prolonged they might have to mull the viability of their business under...
"It felt like the hard work that people do, the struggles that we face as artists in Pakistan, they've all come to be worth it," Gilani told Reuters on Tuesday. Gilani, a film and TV star best known for her latest series Churails, plays Nucchi in Joyland, which competes in the "Un Certain Regard" section, a competition focused on more art-house films that runs parallel to...
Pakistan women's team has beaten Sri Lanka in the first T20I of the three-match series by 6 wickets with debutant Tuba Hassan standing out for delivering the best bowling figures on a debut. Chasing a target of 107 runs, Pakistan reached the low total in 18.2 overs as Nida Dar finished on 36* from 27 deliveries. Pakistan made the worst possible...
These incentives include exemption from duties and taxes on the establishment of cloud infrastructure. The IT ministry has submitted the proposals to the Federal Board of Revenue (FBR). Other proposal is the grant of 0.5% of annual IT export revenue to the Pakistan Software Export Board (PSEB) for promoting exports. The ministry also requested the government to exempt the telecom sector...
In a circular issued on Tuesday, the central bank underlined that the maximum tenure of auto financing facility was reduced from five to three years for vehicles above 1,000cc engine capacity. Moreover, for vehicles up to 1,000cc engine capacity, the financing tenure had been brought down to five years from seven years, it added. On May 23 (Monday), the monetary policy...
The Shariah-compliant banks are not only progressing at a faster pace because there is huge demand for interest-free banking, but also “Islamic banking institutions in Pakistan are more profitable than their conventional counterparts and their loan performance is better,” Moody’s Investors Service said in a commentary titled “Pakistan’s Islamic banking industry continues its strong growth trajectory” on Tuesday. “We expect...
