KARACHI: The Securi-ties and Exchange Commi-ssion of Pakistan( SECP) on Wednesday said it issued licences to three new Housing Finance Companies( HFCs) during FY21, with the aim of revitalising the sector.... The companies include the Pakistan Housing Finance Company Limited, Trellis Housing Finance Company Limited and Asaan Ghar Finance Limited, the SECP said in a statement, adding that the HFCs might start operations during the current year.... While cognisant of the huge gap in affordable h

At least 12 under-trial prisoners escaped police custody after a clash broke out between two groups while they were being presented before a local court in Lahore on Monday.... Police said they had managed to re-arrest two of the fleeing prisoners, and efforts were being made to apprehend the others. The incident took place when 166 prisoners from two jails arrested in various cases were brought to the district courts in Lahore's Model Town for hearings, Lahore SSP( Operations) Mustansar Feroze

KARACHI: The production of iron and steel, with billets/ ingots mainly used in the construction industry, in the last 10 years swelled by 196 per cent to 4. 777 million tonnes in FY21 from 1. 616m tonnes in FY12.H/ CR sheets/ strips, coils/ plates, also known as flat steel products for production of electronics, surged to 3. 296m tonnes in FY21 from 1. 850m tonnes in FY12, Pakistan Bureau of Statistics( PBS) data of Large-Scale Manufacturing( LSM) showed. Rising production of steel related produ

arrow-right Abroad, Iran is acutely isolated and locked in a spreading conflict with Israel, including at sea.... Advertisement Story continues below advertisement Iranians have already hinted that Raisi may not be the person for the job.... More than half of eligible voters sat out the last presidential election, in which Raisi, an ultraconservative Shiite Muslim cleric, appeared to be the handpicked choice of Iran’s supreme leader, Ayatollah Ali Khamenei....

The dangerous failure to stop tainted remdesivirIn this hair-raising long read, Priyanka Pulla investigates one firm’s substandard medication during the pandemic’s deadly second wave.... Most state drug regulators acted in a haphazard manner, declaring the batches to be of standard quality without testing them fully.... Varun Sood deep dives into the company’s string of start-up investments, potential red flags for investors....