Bears drag KSE-100 down by 900 points during intraday trade – Business
Shares at the Pakistan Stock Exchange (PSX) traded in the red on Friday as stocks plunged by more than 900 points in intraday trade as analysts attributed the losses to uncertainty on the political front. At 12:09pm, the benchmark KSE-100 index plunged by 984.38, or 1.61 per cent, to stand at 60,035.67 from the previous […]
Verstappen says Hamilton set for ‘awkward’ Mercedes last season
LONDON: Formula One world champion Max Verstappen believes Lewis Hamilton face an awkward final campaign at Mercedes after his title rival’s dramatic move to Ferrari for the 2025 season. Hamilton, 39, stunned motorsport by announcing even before next month’s opening 2024 Grand Prix in Bahrain that he would be leaving Mercedes, with whom he has […]
PTI breaks the ice with perennial nemesis Fazl – Pakistan
• Both sides find common ground on rigging in elections• Imran taps Omar Ayub for premiership, Mian Aslam for Punjab CM, Aqibullah for KP Assembly speaker• PTI nominee for Balochistan CM slot didn’t contest election on any PA seat ISLAMABAD: PTI founder Imran Khan on Thursday nominated Omar Ayub as the party nominee for the […]
Developer’s cheque helped Justice Naqvi buy land, SJC told – Pakistan
ISLAMABAD: The Supreme Judicial Council (SJC) — a body empowered to hear cases of misconduct against judges — was told on Thursday that a private developer, Lahore Smart City (Pvt) Ltd, issued one of the two banker cheques of Rs50 million each for buying a residential plot in favour of a former Supreme Court judge, […]
Alcaraz downs former ‘pirate’ in Buenos Aires opener
BUENOS AIRES: Carlos Alcaraz reached the quarter-finals of the Buenos Aires ATP tournament on Thursday, defeating a player who once worked as an entertainment park pirate. World number two and defending champion Alcaraz beat 134th-ranked Camilo Ugo Carabelli 6-2, 7-5 in his first match since a shock quarter-final exit at the Australian Open. Carabelli, who […]
Tumultuous year sees Pakistan slide down ‘Democracy Index’ – Pakistan
KARACHI: Democratic standards across the world fell in 2023 amid the spread of wars, authoritarian crackdowns and declining levels of trust in mainstream political parties, the Economist Intelligence Unit (EIU) said on Thursday. Titled Age of Conflict, the study provides a snapshot of the state of democracy in 165 independent states and two territories, and […]
PML-N yet to make up mind on Balochistan CM slot – Pakistan
QUETTA: PML-N leaders in Balochistan have said that no decision has so far been taken about the upcoming chief minister’s slot, which will be announced after consultation with the would-be coalition partners. Former chief minister Jam Kamal Khan Alyani told a joint press conference on Thursday evening that the party’s central leadership would take a […]
Clarity on coalition’s power-sharing formula likely today – Pakistan
• PPP circles suggest custodians of both houses may be from Sindh• PML-N floats Ayaz Sadiq as counter-offer to PPP names for NA speaker ISLAMABAD: A scheduled second round of talks between the Contact and Coordination Committees (CCCs) of the Pakistan Peoples Party (PPP) and Pakistan Muslim League-Nawaz (PML-N) could not take place on Thursday, […]
Stocks lose 1,133 points on instability fears – Business
KARACHI: Bears took over the trading floor of the Pakistan Stock Exchange on Thursday after Pakistan Tehreek-i-Insaf nominated candidates for prime minister and Punjab chief minister as it also started contacts with different parties for the formation of coalition governments. Also, the Pakistan Peoples Party’s reluctance to join Shehbaz Sharif’s cabinet despite announcing support to […]
ECP power to withdraw electoral symbol challenged – Pakistan
LAHORE: The powers of the ECP to withdraw the electoral symbol of a political party has been challenged before the Lahore High Court. Munir Ahmad, a lawyer, filed a ‘public interest’ petition through advocate Azhar Siddique and assailed the vires of Section 215 of the Elections Act 2017, which provides for eligibility of a party […]