At least 20 migrants died after a boat overturned in the Mediterranean on Wednesday, with many more still missing, the UN’s refugee agency (UNHCR) said. “Deep anguish for the umpteenth shipwreck off the coast of Lampedusa, where UNHCR is now assisting the survivors. It looks to be 20 bodies found and as many missing,” wrote […]
The Pakistan Stock Exchange (PSX), after kicking off the new trading session on an upbeat note on Wednesday, gave up early optimism over profit-booking pressure. By the close of trading, the benchmark KSE-100 index recorded a loss of 476 points, or 0.32%, at 146,529. In the morning, stocks showed impressive movement, which took the index […]
Gold prices fell for a third straight day on Wednesday in both international and domestic markets, while silver gained. In the international bullion market, gold slipped by $2 per ounce to $3,354. The decline was mirrored in local markets, where 24-karat gold dropped Rs200 per tola to Rs358,100, according to rates released by the All […]
Moody’s said on Wednesday it had raised Pakistan’s credit rating by one notch to ‘Caa1’ from ‘Caa2’ due to an improving external financial position and it assigned the country a “stable” outlook. The announcement came within hours of Pakistan’s Finance Minister Mohammed Aurangzeb saying there was more room for the central bank to cut the […]
The National Assembly on Wednesday passed the Anti-Terrorism (Amendment) Bill 2024 by a majority vote enacting it into law after rejecting opposition proposals amid protests in the House. The House suspended its routine agenda to take up the bill. Speaker Ayaz Sadiq ordered a headcount on the bill’s passage, which showed 125 votes in favour […]
Karachi Traffic Police have announced a special traffic and parking plan for a Musical Night at the National Stadium on August 13, marking the 78th Independence Day and Marka-e-Haq celebrations. Vehicles with official event stickers will be allowed entry via Gates 1 and 11, while general parking has been arranged at the Expo Centre and […]
Federal Finance Minister Muhammad Aurangzeb on Wednesday pledged to close tax loopholes, enhance investor confidence, and maintain economic reforms, as he addressed the Rawalpindi Chamber of Commerce and Industry’s Independence Day event. Aurangzeb said international institutions had welcomed Pakistan’s reform measures, while recent Gallup surveys showed rising economic confidence. He noted a 60% growth in […]
A district court judge in Lahore directed the Federal Investigation Agency (FIA) to proceed under the law if any cognisable offence was made out after receiving the opinion of the Ulema Board on a petition seeking an FIR against former president Dr Arif Alvi over his alleged blasphemous remarks in a video that circulated on […]
Muhammad Asif’s quest for a gold medal at the World Games came to an end on Wednesday as he was defeated 2-0 by China’s Zhao Guodong in the snooker semi-finals. Despite a valiant effort, the 36-year-old from Pakistan was unable to overcome Zhao, ranked 14th in the world, who clinched a straightforward win. Asif, who […]
Prime Minister Shehbaz Sharif announced the distribution of 100,000 free laptops among talented students across the country on merit, on Tuesday at an International Youth Day event in Islamabad. PM said distribution of these laptops will be across all four provinces, federal capital Islamabad, Gilgit Baltistan and Azad Kashmir, and will purely be on merit […]