Pakistan Stock Exchange (PSX) shot up to a new peak above 134,000 points in intra-day trading on Tuesday, but it could not sustain the momentum and closed almost flat. Investors offloaded their holdings to book profit at sharply higher valuations following a rapid surge of the market over the past few days, when it repeatedly […]
K-P Chief Minister Advisor on Finance Muzzammil Aslam said the Federal Board of Revenue (FBR) has collected Rs1,200 billion less in revenue, which will result in Khyber-Pakhtunkhwa receiving Rs100 billion less in federal transfers. Addressing the Khyber-Pakhtunkhwa Post-Budget Conference, the CM’s aide said Khyber-Pakhtunkhwa transferred Rs150 billion into the Debt Management Fund last year, which […]
The Khyber-Pakhtunkhwa government has removed top officials of Rescue department and Upper Swat Development Authority following the recent drowning of tourists in the Swat River, said officials on Tuesday. The provincial inspection team submitted a report blaming the Swat Development Authority for administrative delays, reported Express News. The report also raised concerns over the DG […]
The federal government said on Tuesday it had approved four parties, including business groups and a private education operator, to potentially bid for a stake in debt-ridden Pakistan International Airlines. The government has been seeking to sell a 51-100% stake in the struggling national airline to raise funds and reform cash-draining, state-owned enterprises as envisaged […]
Iran said Tuesday it has not made any request for talks with the United States, after President Donald Trump said Tehran was seeking negotiations following last month’s war with Israel. “No request for a meeting has been made on our side to the American side,” said Iranian foreign ministry spokesman Esmaeil Baqaei, according to Tasnim […]
At least four people, including a woman, lost their lives in a devastating house fire that broke out near Kochi Bazaar in Peshawar, Rescue 1122 officials confirmed. Bilal Ahmad Faizi, spokesperson for Rescue 1122, said the blaze broke out in a residential building adjacent to the market, prompting an immediate response from firefighters and ambulances. […]
At least four people were killed and 27 injured in a fire at a major telecoms centre in Egypt’s capital that caused widespread disruptions, the health ministry said on Tuesday. Internet and phone connections were still heavily disrupted in Cairo on Tuesday, with the Egyptian stock exchange suspending operations. Flights into and out of the […]
A curfew has been announced in various areas of lower South Waziristan for Wednesday. According to a notification issued by the district administration, the curfew will remain in effect from 6:00 am to 7:00 pm. The notification, signed by Deputy Commissioner Muhammad Nasir Khan, stated that Section 144 has been imposed in several areas, including […]
Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan intends to lead a protest movement from jail against the 26th Constitutional Amendment, while his sons Sulaiman and Qasim will join the campaign after returning from the United States, his sister Aleema Khan said on Tuesday. Speaking to reporters outside Adiala Jail, Aleema conveyed the jailed former prime […]
At least eight people were killed and over two dozen remain missing after the Bhote Koshi River flooded on the Nepal-China border, sweeping away the “Friendship Bridge” that connects the two countries, officials said on Tuesday. Despite no heavy rainfall in the immediate area, experts suspect the flooding was triggered by an overflowing glacial lake […]