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FOSPAH to lead international committee on women’s rights

Committee receives immediate backing from OICOA President H.E. Mr. Mehmet Akarca, Chief Ombudsman of Türkiye CSW chairperson Fauzia Viqar. PHOTO: ABID NAWAZ/EXPRESS The OIC Ombudsman Association (OICOA) has established a new Sub-Committee on Women’s Rights on October 23, appointing Pakistan’s Federal Ombudsperson for Protection Against Harassment (FOSPAH), H.E. Ms. Fauzia Viqar, as its inaugural Chair. … Read more

Tariff revision threatens KE profitability: analysts

[ KARACHI: Analysts have painted a gloomy picture for the power utility in Pakistan’s largest city, Karachi, warning that the National Electric Power Regulatory Authority’s (Nepra) revised decision for K-Electric’s (KE) Multi-Year Tariff (MYT) for 2024 to 2030 will cause an annual financial shortfall of Rs79 billion and loss per share of Rs2.9 for FY24. … Read more

Apple loses landmark UK lawsuit

Apple logo is seen on the Apple store at The Marche Saint Germain in Paris, France July 15, 2020. PHOTO:REUTERS LONDON: Apple abused its dominant position by charging app developers unfair commissions, a London tribunal ruled on Thursday, after a trial of the lawsuit, which was brought on behalf of millions of iPhone and iPad … Read more

Housing loan raises hopes, doubts

[ State Bank of Pakistan. Photo: File LAHORE: When the federal government together with the State Bank of Pakistan (SBP) announced a subsidised housing loan scheme for first-time home buyers, many breathed a sigh of relief. For the first time, families dreaming of a modest house in cities like Lahore finally had a government-backed path. … Read more

Hackers access Verstappen’s personal data in Formula One breach

MEXICO CITY: Formula One’s ruling body on Thursday confirmed it had suffered a cyber security breach in which personal details of drivers including four-time world champion Max Verstappen were exposed by hackers. In a statement issued at the Mexico City Grand Prix, the International Motoring Federation (FIA) said the incident had taken place “over the … Read more

Dutch capital for key sectors sought

[ ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Thursday urged the Netherlands to expand trade and investment cooperation with Pakistan, saying the economy had moved from crisis management to reform-driven stability. According to an official statement, he made the remarks during a meeting with Robert-Jan Siegert, the new Ambassador of the … Read more

100,000 on strike in New Zealand for better pay

WELLINGTON: More than 100,000 New Zealand teachers, nurses, doctors, firefighters and support staff walked off the job on Thursday demanding more money and resources for the public sector in a sign of growing discontent with the country’s centre-right government. Public servants marched with placards and banners in towns across New Zealand, chanting and listening to … Read more

Profit-taking, bank results drag PSX down

[ KARACHI: Trading at the Pakistan Stock Exchange (PSX) remained volatile on Thursday as the benchmark KSE-100 index plunged nearly 2,000 points, driven by profit-taking ahead of futures contract rollover and unimpressive financial results of a few banks. In the morning, the market commenced proceedings on a positive note, reaching the intra-day high of 166,720 … Read more

Forest beat Porto on Dyche debut

LONDON: Sean Dyche got off to a winning start as Nottingham Forest boss thanks to two penalties to beat Porto 2-0 in the Europa League, while Aston Villa were stunned 2-1 by Go Ahead Eagles on Thursday. Forest, who sacked Ange Postecoglou after just 40 days and eight games in charge on Saturday, had not … Read more