Bullish momentum seen at PSX as shares gain 800 points on falling bond yields – Business
Bulls dominated the trade floor at the Pakistan Stock Exchange (PSX) on Thursday as shares gained more than 800 points in intraday trade. The benchmark KSE-100 index climbed 836.06 points, or 1.02 per cent, to stand at 82,803.06 points from the previous close of 81,967.00 points at 1:24pm. Raza Jafri, chief executive of EFG Hermes […]
Article 63-A review: Ali Zafar appointed as amicus curiae after ‘boycotting’ hearing as Imran’s counsel – Pakistan
The Supreme Court on Thursday appointed Senator Ali Zafar as amicus curiae to assist the court in a review petition against its 2022 verdict related to the defection clause under Article 63-A of the Constitution. The decision came after Zafar announced boycotting the proceedings as PTI founder Imran Khan’s counsel based on his client’s objections […]
Bangladesh recalls 5 envoys in major diplomatic reshuffle, including India’s – World
Bangladesh’s interim government has recalled five envoys, including the ambassador to neighbouring India, in a major diplomatic reshuffle, a foreign ministry official said on Thursday. Major political changes in the South Asian nation ushered in the interim government led by Nobel Peace laureate Muhammad Yunus after weeks of violent protests forced then-prime minister Sheikh Hasina […]
‘Curfew-like situation’ created in Punjab to foil protests, claims PTI – Pakistan
FAISALABAD: PTI supporters are detained by police during a protest on Wednesday.—Online LAHORE / ISLAMABAD: Opposition PTI on Wednesday alleged that the Punjab government had created a curfew-like situation in Bahawalpur, Faisalabad and Mianwali following its announcement to hold protests against inflation and for independence of judiciary and release of party founder Imran Khan. Talking […]
Six migrants killed by Mexican soldiers during highway chase – World
Soldiers chasing suspicious vehicles on a highway in Mexico opened fire and killed six migrants, the defence ministry said on Wednesday. The patrol found 33 migrants from countries including Egypt, Nepal, Cuba, India and Pakistan, it said, without specifying the nationalities of those killed in the incident late on Tuesday in southern Chiapas state. The […]
Imran trying to ‘provoke clash’ between Punjab and KP: Nawaz – Pakistan
LAHORE: Former prime minister Nawaz Sharif on Wednesday claimed PTI leader Imran Khan, who is incarcerated in Adiala Jail, wanted to provoke a clash between the people of Punjab led by the PML-N and the PTI-ruled Khyber Pakhtunkhwa. Speaking at a ceremony in Lahore about the provincial government’s subsidised housing project, the PML-N president used […]
UK PM Starmer repays cost of some gifts after freebies row – World
LONDON: UK Prime Minister Keir Starmer has paid back more than 6,000 pounds ($8,000) worth of gifts, including Taylor Swift concert tickets, officials said on Wednesday, following a row over donations to senior figures in the ruling Labour Party. Starmer and members of his top team have been criticised for accepting ten of thousands of […]
Concern over use of AI to influence US election – World
WASHINGTON: The US sees a growing threat of Russia, Iran and China attempting to influence the Nov 5 elections, including by using artificial intelligence to disseminate fake or divisive information, according to an annual US threat assessment released on Wednesday. Russian “influence actors” have amplified stories about migrants entering the US in an attempt to […]
25th time the charm? How Pakistan can bid adieu to the IMF once and for all – Prism
Saying goodbye to the Fund would require political commitment and a well-executed agenda of bold economic reforms. Pakistan finds itself back in the arms of the IMF — for the 25th time. The much-anticipated $7 billion Extended Fund Facility (EFF), stretched over 37 months, offers temporary relief to a shaky market. Since the July staff-level […]
Failure to set up Federal Constitutional Court will trigger standoff among institutions: Bilawal – Pakistan
• Bilawal says PPP is against concept of military courts• Calls for passage of constitutional amendment before Oct 25 ISLAMABAD: PPP Chairman Bilawal Bhutto-Zardari on Wednesday cautioned that any delay beyond Oct 25 in getting the 26th constitutional amendment passed would lead to a face-off between institutions, leaving parliament at the losing end. Mr Bhutto-Zardari […]