Struggling to reduce costs, Lufthansa plans 4,000 job cuts
- 29-Sep-2025
Lufthansa (LHAG.DE), will cut 4,000 administrative jobs by 2030 and set higher profitability targets, the German airline group said on Monday, as it seeks to boost efficiency through digitalisation and automation. Shares in the company rose on the announcement, jumping 2 percent in early trade. By 1156 GMT they were up 1.3 percent at 7.85 […]
Govt moves NEPRA for electricity tariff cut
- 28-Mar-2025
The Pakistan government has moved the National Electric Power Regulatory Authority (NEPRA) for an electricity tariff cut, ARY News reported on Friday. As per details, the Pakistan federal government submitted a request to the National Electric Power Regulatory Authority (NEPRA) for a reduction of Rs.1.71 per unit in electricity tariff cut. According to the proposal, […]
Pakistan averts mini budget as IMF ‘agrees’ to lower tax target by Rs600bln
- 14-Mar-2025
ISLAMABAD: Pakistan and the International Monetary Fund (IMF) have reached a consensus to reduce the tax target by Rs600 billion after the Federal Board of Revenue (FBR) successfully improved the tax-to-GDP ratio, ARY News reported on Friday, quoting sources. Sources confirm that the risk of a mini-budget has been averted with the tax reduction approval […]
Sanghar camel incident: Six remanded into police custody
- 20-Jun-2024
A local court on Thursday extended physical remand of six accused of ‘chopping off camel’s leg’ in Sanghar, Sindh, ARY News reported. The accused were presented in the court of Judicial Magistrate Habibullah Sial after their four-day-remand ended today. Upon the police’s plea, the court extended the physical remand of the accused for two more […]
PTV cuts Omar Ayub Khan’s live speech in NA
- 03-Mar-2024
ISLAMABAD: As soon as the speech of Omar Ayub Khan, a member of the Pakistan Tehreek-e-Insaf-backed Sunni Ittehad Council in the National Assembly (NA), began, PTV, the state TV abruptly stopped live broadcasting. After the address of the PM-elect Shahbaz Sharif in the National Assembly session, Speaker Ayaz Sadiq invited Omar Ayub to speak. However, […]
Oil prices jump in blow to global inflation hopes
- 03-Apr-2023
Oil prices surged on Monday after Saudi Arabia and other OPEC+ producers announced a surprise round of output cuts, a potentially ominous sign for global inflation just days after a slowdown in US price data had boosted market optimism. Brent oil futures jumped $4.30 to $84.19 a barrel on news output would be cut by around 1.16 […]
Microsoft to cut thousands of jobs across divisions – reports
- 18-Jan-2023
Microsoft Corp plans to cut thousands of jobs with some roles expected to be eliminated in human resources and engineering divisions, according to media reports on Tuesday. The expected layoffs would be the latest in the U.S. technology sector, where companies including Amazon.com Inc and Meta Platforms Inc have announced retrenchment exercises in response to […]
Lineman cuts off PS electricity supply after cop fines him
- 12-Jun-2022
BAREILLY: In a tit-for-tat move, a lineman cut off the electricity supply to a police station in India after an inspector fined him for violating traffic laws. Lineman, Bhagwan Swarup cut off the power supply to the Hardaspur police station in Bareilly, a district in UP, India to take revenge from the inspector, who fined him. […]
Rohri train accident: Laborers cut railway tracks with hand cutter
- 07-Mar-2021
It has been nearly 12 hours since the up and down railway traffic remain suspended due to the incident.
PALPA rejects cut in salaries, benefits of employees
- 04-Nov-2020
Pakistan Airlines Pilots Association (PALPA) on Wednesday rejected the slash in salaries and benefits of privileged employees