Shares at PSX rally after rate cut, IMF meeting date – Business
Shares at the Pakistan Stock Exchange (PSX) rallied on Friday, a day after the State Bank of Pakistan (SBP) cut its key policy rate by 200 basis points. The benchmark KSE-100 index climbed 868.08, or 1.1 per cent, to stand at 79,857.77 points from the previous close of 79,017.61 points at 11am. The index closed […]
ADB approves $320m to rehabilitate KP roads, improve climate-resilience – Business
The Asian Development Bank (ADB) on Friday approved a $320 million loan to support the rehabilitation of roads in Khyber Pakhtunkhwa and enhance their safety. A press release issued by the ADB today said, “The Khyber Pakhtunkhwa Rural Roads Development Project will upgrade around 900 kilometres of rural roads in the province that are susceptible […]
India’s top court frees jailed Modi opponent Kejriwal on bail – World
A top political opponent of Indian Prime Minister Narendra Modi was granted bail on Friday after months behind bars on accusations his party took kickbacks in exchange for liquor licences. Arvind Kejriwal, chief minister of the capital Delhi and a key leader in an opposition alliance that battled Modi in national elections earlier this year, […]
India’s top court frees jailed PM Modi opponent on bail – World
A top political opponent of Indian Prime Minister Narendra Modi was granted bail on Friday after months behind bars on accusations his party took kickbacks in exchange for liquor licences. Arvind Kejriwal, chief minister of the capital Delhi and a key leader in an opposition alliance that battled Modi in national elections earlier this year, […]
IHC strikes down physical remand of PTI MNAs in Sangjani rally case – Pakistan
The Islamabad High Court (IHC) on Friday struck down the anti-terrorism court (ATC) verdict of the eight-day physical remand of PTI MNAs, who were arrested from Parliament House earlier this week. On late Monday night, at least three key PTI members were arrested from different areas of Islamabad. Just after 3am on Tuesday, plainclothesmen had […]
Karachi sessions court rejects Karsaz accident driver’s bail plea in drug case – Pakistan
A Karachi sessions court on Friday rejected the post-arrest bail application of Natasha Danish — the driver booked in the Karsaz road accident — in a drug case. On August 19, a speeding Toyota Land Cruiser, driven by Danish, hit three motorcycles and another car on Karsaz Road, killing 60-year-old Imran Arif and his 22-year-old […]
Mansehra’s Monroe Trail is a wonder, but it needs help – Prism
With a little attention from the relevant authorities, the 66km-long trail can become the next big tourist destination in Pakistan. The Monroe hiking trail, nestled deep in the dense pine forests of Mansehra district in Khyber Pakhtunkhwa province, was intriguing, to say the least. The fact that it was not on many people’s bucket lists […]
Killing of six policemen in raid: Death penalty to Chhotu gang leader, 10 members upheld – Pakistan
LAHORE: The Lahore High Court’s Multan Bench on Thursday upheld the death penalty of 11 members of Chhotu gang, including its leader Ghulam Rasool, in a 2016 case, wherein six police officials were martyred, seven others injured and at least 24 taken hostage by the gangsters. A division bench comprising Justice Sadaqat Ali Khan and […]
PTI cancels protest plan for today to ‘save its strength’ for Lahore show – Pakistan
LAHORE: The PTI has cancelled its plans to hold protest rallies across the country today (Friday), primarily to focus its energies on its upcoming power show in Lahore on Sept 22. On Tuesday, the party had called for countrywide protests against the detention of party lawmakers from Parliament House. Party leaders said the plans were […]
Shares at PSX soar 800 points in intraday trade after rate cut, IMF news – Business
Shares at the Pakistan Stock Exchange (PSX) rallied more than 800 points on Friday, a day after the State Bank of Pakistan (SBP) cut its key policy rate by 200 basis points. The benchmark KSE-100 index climbed 868.08, or 1.1 per cent, to stand at 79,857.77 points from the previous close of 79,017.61 points at […]