5.3 magnitude earthquake jolts parts of KP – Pakistan

A 5.3 magnitude earthquake jolted parts of Khyber Pakhtunkhwa on Wednesday, according to the Pakistan Meteorological Department (PMD). According to the PMD’s National Seismic Monitoring Centre, the earthquake occurred at 8:24pm PST. The epicentre of the earthquake was in the Hindu Kush region at a depth of 130 kilometres. Its longitude and latitude were 70.19 […]

5.3 magnitude earthquake jolts parts of KP: reports – Pakistan

A 5.3 magnitude earthquake jolted parts of Khyber Pakhtunkhwa on Wednesday, according to initial media reports. According to the National Seismic Monitoring Centre, the earthquake occurred at 8:24pm PST. The epicentre of the earthquake was in the Hindu Kush region at a depth of 130 kilometres. Its longitude and latitude were 70.19 East and 36.25 […]

PSX launches Shariah-compliant ETF

KARACHI: The Pakistan Stock Exchange (PSX) has introduced the Shariah-compliant Mahaana Islamic Index Exchange Traded Fund (MIIETF) and made its units available for trade by the general public. In a statement issued by PSX, the ETF aims to track the performance of the Mahaana Islamic Index (MII30), which will be periodically rebalanced and reconstituted to […]

Writ petition against CSD incompetent: SC

ISLAMABAD: The Supreme Court has ruled that a writ petition against the Canteen Stores Department (CSD) was incompetent. The top court noted that the CSD was neither a political or corporate body, nor an authority. “As such, a petition against it by its employees before the high court in its constitutional jurisdiction is not competent,” […]

Israeli tank strike killed ‘clearly identifiable’ reporter

ISTANBUL: An Israeli tank killed Reuters reporter Issam Abdallah in Lebanon last year by firing two 120 mm rounds at a group of “clearly identifiable journalists” in violation of international law, a UN investigation into the Oct. 13 incident has found. The investigation by the United Nations Interim Force in Lebanon (UNIFIL), summarized in a […]

PCB announces schedule for New Zealand’s tour of Pakistan – Sport

The Pakistan Cricket Board (PCB) on Wednesday announced the schedule of New Zealand’s tour of Pakistan comprising five T20 internationals (T20I) matches in April, the cricket board said in a press release. According to the press release, the Blackcaps will arrive in Islamabad on April 14 and will play the first three games of the […]

IMF to arrive in Pakistan for bailout review, says finance ministry – Business

An International Monetary Fund (IMF) mission is arriving in Pakistan for a second and last review of a $3 billion standby arrangement this week, the finance ministry said on Wednesday. The four-day review begins on Thursday, said the ministry. Islamabad secured the last-gasped rescue package last summer to avert a sovereign default. “Pakistan has met […]

Govt forms committee to reduce pension, wage bill

ISLAMABAD: In a bid to streamline expenditure and curb burgeoning costs, the Pakistan Muslim League-Nawaz (PML-N) government has announced the formation of a new committee, aimed at reducing the size of government and also rationalise the expenditure on pensions and development, in a move that covers hardly 16% of this year’s budget and may not […]

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