Stocks recover 131 points in mixed trade – Pakistan
KARACHI: The stock market bounced back on Wednesday as investors indulged in value-hunting, helping the benchmark KSE 100 index partially recover overnight losses. Ali Najib, Head of Sales at Insight Securities, attributed the market’s positive performance to continued buying activity from high-net-worth individuals and mutual funds, supported by improvements on the macroeconomic front, a stable […]
Sole PIA bid formally rejected, case sent back to cabinet – Pakistan
ISLAMABAD: The Privatisation Commission’s board on Wednesday rejected a Rs10 billion bid submitted by the sole bidder for the divestment of 60 per cent shares in Pakistan International Airlines Corporation Limited (PIACL), the privatisation ministry said in a statement. The board decided to refer the issue of PIA’s privatisation to the Cabinet Committee on Privatisation […]
SC constitutional bench to take up 18 rights cases today – Pakistan
• Matters include review of Justice Isa’s appointment as BHC CJ, pollution caused by industries in Islamabad• SCBA says 26th amendment has rendered ‘fundamental rights a mere farce’, executive can’t pick and choose judges ISLAMABAD: Amidst the backdrop of deteriorating air quality, the Supreme Court’s constitutional bench will take up on Thursday (Nov 14) as […]
CAA has not undergone formal audit for past decade, NA panel told – Pakistan
RAWALPINDI: The National Assembly’s Standing Committee on Aviation was informed that the Civil Aviation Authority (CAA) has not undergone a formal audit for the past decade, raising concerns about its regulatory compliance and safety oversight. Four aircraft accidents happened during this period, underscoring the need for improved operational protocols. The fourth meeting of the Standing […]
Suparco joins China’s mission for lunar exploration – Pakistan
ISLAMABAD: The Space and Upper Atmosphere Research Commission (Suparco) announced on Wednesday its collaboration on a groundbreaking lunar exploration mission in partnership with China’s Chang’e 8 mission, set to launch in 2028. “This collaboration marks a significant milestone for Pakistan’s space programme, as Suparco’s indigenous rover will be part of the mission to explore the […]
Nawaz rues past mistakes that cost the country dearly – Pakistan
LONDON: Ruing ‘mistakes’ by petty individuals in the past, PML-N President Nawaz Sharif on Wednesday said that these errors had cost the country and democracy dearly. Speaking at a workers’ convention at a local hotel, the PML-N chief said that if not for that ‘disturbance’, Pakistan would have been an Asian Tiger by now, or […]
Imran gives ‘final call’ for nationwide protests – Pakistan
• Says 26th amendment strengthens ‘dictatorial regime’, calls for demos ‘at home and abroad’ on Nov 24• Mischief under guise of protests to be dealt with strictly, warns Punjab govt• Court seeks clarity on acquittal pleas in £190 million case ISLAMABAD: Former prime minister Imran Khan on Wednesday issued a “final call” for nationwide protests […]
Mini-budget unlikely as IMF satisfied with tax steps – Business
• Hike in petroleum levy, imposition of GST on petroleum products not expected anytime soon• Govt sees economic activity picking up next month due to stable rupee, lower policy rate• Senate body points to issues in Islamic banking, fraudulent POS receipts, fake ATM notes• 10pc levy on transport with Iran has left over 600 trucks […]
Balochistan prioritises security with new action plan – Pakistan
QUETTA: The Balochistan government has decided to develop a provincial action plan to significantly enhance governance and security across the province. Balochistan Chief Secretary Shakeel Qadir Khan on Wednesday briefed a high-level meeting, presided over by Chief Minister Sarfraz Bugti, on the proposed plan. The chief secretary said that a comprehensive strategy is being developed […]
Interim bail granted to PTI lawmaker in May 9 case – Pakistan
ISLAMABAD: The Supreme Court on Wednesday granted interim bail to PTI MPA Imtiaz Ahmed Sheikh in a case related to May 9, 2023 violence. Headed by Justice Jamal Khan Mandokhail, the three-judge bench also issued notice to the Punjab prosecution for the next date of hearing. The interim bail to Mr Sheikh, who is also […]