Sunday, February 5th, 2023
Saudi Arabian shares drop on lower oil prices; Egypt rises
Saudi Arabian stock market closed lower on Sunday, in response to fall in oil prices on Friday amid concern about the European Union embargo on Russian refined products. Oil, which fuels the region’s growth, declined on Friday, with Brent crude ending down $2.23, or 2.7%, at $79.94 a barrel. Meanwhile, Saudi Arabia’s Energy Minister warned on Saturday that sanctions and underinvestment in the energy sector could result in a shortage of energy supplies in future. The European Union has imposed a series of sanctions against Russia, reducing Russian energy exports.Read More
Munir Akram clarifies remarks on Pakhtun culture
NEW YORK, Feb 04 (DNA): Pakistan’s UN Ambassador Munir Akram on Saturday clarified his controversial remarks regarding Pakhtun culture after heavy backlash from Pakhtuns and human rights activists in both Afghanistan and Pakistan. After the statements made by Ambassador Akram received hefty criticism, he clarified that the intentions were not to target anyone and his remarks were misunderstood. In response to the queries of a media outlet, Mr Akram said he “regrets if his remarks were misunderstood or hurt anyone’s feelings. There was no disrespect meant to Pashtun culture whichRead More
CDA asked to develop G-9 Markaz on modern lines to facilitate traders
ISLAMABAD, FEB 5 /DNA/ – Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry (ICCI) said that Chamber is trying for resolving the key issues of the business community so that businessmen can be facilitated in promoting business activities. He said that ICCI would work with FBR and CDA to address the tax issues and development works of all major markets including G-9 Markaz, Islamabad. He said that the CDA has identified a site for the construction of a parking plaza in G-9 Markaz and stressed that the civicRead More
Protest in Iran: A Middle Eastern déjà vu with a twist of irony
A recent survey of Iranian public opinion suggests that the lack of confidence in a Middle Eastern regime is starkest in Iran, although crisis-wracked Lebanon, Egypt, or Syria may compete. Surveyed in late December by the Netherlands-based Gamaan Institute, an overwhelming majority of the 158,000 respondents in Iran and 42,000 Diaspora Iranians in 130 other countries, rejected Iran’s Islamic regime. The poll was published days before Iran commemorates the 44th anniversary of the 1979 Islamic revolution. The poll’s reach was achieved in part by Voice of America and London-base and Saudi-backed Iran InternationalRead More
Trade and industry to resist IMF pressure to enhance GST to 18pc
Nisar says economic viability at stake DNA KARACHI: As the International Monetary Fund has been pushing the government to increase the general sales tax rate to a minimum of 18 percent, the Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel (BMP) has announced to resist such destructive and harsh move, as the country’s debt servicing cost might escalate to alarmingly Rs5.2 trillion, with inflation accelerating to 29% and economic growth rate slowing down to 1.5 percent in the current fiscal year. FPCCI former president and BMP Chairman MianRead More
Pak High Commission Canada marks Kashmir Solidarity Day
DNA OTTAWA: Pakistan High Commission Canada along with the Pakistan Consulates in Toronto, Vancouver and Montreal arranged a series of events comprising pictorial exhibitions, demonstrations, and roadshows to mark the Kashmir Solidarity Day. The main event was held at the Pakistan High Commission in Ottawa where *High Commissioner Zaheer A. Janjua* addressed a gathering of Pakistani and Kashmiri diaspora on the significance of Kashmir Solidarity Day. He pointed out that the Jammu and Kashmir was one of the oldest, internationally recognized disputes on the agenda of the UN Security Council.Read More