Sarsabz joins farmers to celebrate fourth Kissan Day
Sarsabz Fertilizer, the flagship brand of Fatima Fertilizer, joined thousands of farmers on December 22 to celebrate the fourth Kissan Day during a special ceremony hosted at Fatima Fertilizer’s plant in Multan which was attended by a large gathering of farmers which also included Mr. Khalid Khokhar, President of Pakistan Kissan Ittehad, Dr. Anjum Ali,…
Adil Aziz
Asia: Markets track Wall Street down as recession worries return
ASIAN markets fell again on Friday (Dec 23) after forecast-beating US data fuelled expectations that the Federal Reserve will lift interest rates well into next year. A glum warning from top chipmaker Micron and worries about China’s surging Covid cases added to the less-than-Christmassy mood on trading floors. Investors have been on a roller coaster…
HEC announces national top talent foreign scholarships programme for Pak students
The Higher Education Commission (HEC) has announced 75 National Top Talent Scholarships Programme for Pakistani students to take admission to MS and PhD studies abroad. According to official sources, on the auspicious occasion of National Celebrations of 75th Independence Anniversary of Pakistan, the Government of Pakistan announced 40 PhD and 35 MS scholarships for Pakistani…
China’s stretched health system braces for peak in Covid infections
CHINA is expecting a peak in Covid-19 infections within a week, a health official said, with authorities predicting extra strain on the country’s health system even as they downplay the disease’s severity and continue to report no new deaths. In the face of a surging outbreak and widespread protests against its “zero-Covid” regime of lockdowns and…
Oil falls by US$1 a barrel as rate hike fears outweigh tighter US stockpiles
OIL fell by around US$1 a barrel on Thursday (Dec 22) in volatile trade as the impact of tighter US crude stocks due to a winter storm in the United States was outweighed by fears that Federal Reserve interest rate hikes and China’s rising Covid-19 cases would dent demand. Brent crude futures settled at US$80.98…
Connected Women Conference to be held tomorrow
The Connected Women Conference (CWC22), an exciting and informative event to empower women by increasing their participation in the digital economy would be held at Aiwan-e-Quaid of Fatima Jinnah Park tomorrow (Saturday). Organizer of the event Muhammad Umar said that the day-long conference was being organised by ‘Connected Pakistan’ featuring a range of activities designed…
S&P decreases Pakistan’s credit score from B- to CCC+
S&P Global Ratings has downgraded Pakistan’s credit score due to the series of shocks — from flooding to surging inflation — that has deteriorated the country’s external, fiscal and economic metrics. The nation’s credit score was downgraded from B- to CCC+ by S&P, which expects Pakistan’s dwindling foreign reserves to remain under pressure in the coming year, just as political…
SECP Constitutes new benches for expeditious disposal of appeals
The Securities and Exchange Commission of Pakistan, subsequent to appointment of three Commissioners by the Federal Government, completing its quorum of Commissioners, has sanctioned its approval to constitute new Benches, to hear appeals under Section 33 of the SECP Act, 1997. The Commission had been operating with only 2 Commissioners in the past year, which…
Governor SBP urges banks to support agriculture sector to recover from devastation of floods
Governor State Bank of Pakistan (SBP), Mr. Jameel Ahmad, while chairing the annual meeting of Agricultural Credit Advisory Committee (ACAC) in Hyderabad referred to the devastation caused by recent floods and observed that climate change is the biggest long-term threat to the country due to its unforeseen impacts. He added that while the government, businesses…
Pakistan clinches 2nd position in ‘Huawei ICT Competition 2022’
Pakistan has clinched second position in the Huawei Information and Communications Technology (ICT) Competition 2022 held in Muscat, Oman. According to the statistics, 12,000 students from 135 universities attempted the nationwide test in which two teams comprising six students qualified for the Middle East Regional Finals from Pakistan. Pakistan Team One including Team Lead Faeez…