Finance ministry denies reports on finance minister’s salary hike statement
Listen to article Finance ministry has refuted reports attributing a statement to Finance Minister Muhammad Aurangzeb regarding an increase in government employees’ salaries, Express News reported. In a clarification issued on Monday, the ministry stated that the finance minister did not make any such announcement on the floor of the National Assembly. It added that reports suggesting […]
Shares at PSX rally over 600 points on hopes of IMF staff-level agreement soon – Business
Bulls maintained a hold of the trade floor at the Pakistan Stock Exchange (PSX) on Monday as shares gained over 600 points on expectations of a smooth International Monetary Fund (IMF) staff-level agreement (SLA). The benchmark KSE-100 climbed 1,027.32, or 0.89 per cent, to stand at 116,563.48 points from the last close of 115,536.16 at […]
FIA arrests suspect from Bani Gala for Jaffar Express attack ‘anti-state campaign’ on social media – Pakistan
The Federal Investigation Agency (FIA) on Monday arrested a suspect from Bani Gala on the outskirts of Islamabad for his “anti-state campaign” on social media over the recent attack on the Jaffar Express train in Balochistan. The incident occurred on Tuesday afternoon when the train, travelling from Quetta to Peshawar and carrying 440 passengers, was […]
Karachi consumers on the losing end as govt gets fine, traders gain profits – Pakistan
KARACHI: This year’s price-checking campaign being run by bureaucrats in the city is more or less similar to that of previous years’ as the disparity between the official and market rates continues to exist. In a city of over 20 million population comprising hundreds of markets and thousands of retail shops — the task of […]
Shares at PSX rally more than 1,000 points in intraday trade – Business
Bulls maintained a hold of the trade floor at the Pakistan Stock Exchange (PSX) on Monday as shares gained over 1,000 points in intraday trade despite a delay in the International Monetary Fund (IMF) staff-level agreement (SLA). The benchmark KSE-100 climbed 1,027.32, or 0.89 per cent, to stand at 116,563.48 points from the last close […]
Second large oil, gas reserves discovered in Waziristan
Listen to article Pakistan has made a significant breakthrough in its energy sector with the discovery of a second major oil and gas reserve in the Waziristan Block, according to an official statement. Mari Petroleum Company Limited (MPCL) informed the Pakistan Stock Exchange (PSX) in a letter that new hydrocarbon reserves have been found in the Spin […]
PTI decides to attend Parliamentary National Security Committee meeting
Listen to article Pakistan Tehreek-e-Insaf (PTI) has confirmed its decision to participate in the Parliamentary National Security Committee meeting, Express News reported. According to sources, PTI chairman Barrister Gohar and several senior leaders presented arguments in favour of attending the session. Junaid Akbar called for consultation with the PTI founder. PTI has submitted a list of 14 […]
Lahore’s urban disaster: From colonial sprawl to capitalist chaos – Pakistan
Lahore’s urban planning is a tragic loop — bulldozing farmland, displacing the poor, and destroying the environment — all for soulless real estate. The Ravi Riverfront Project is its latest, most reckless gamble. It is no secret that Lahore has inherited a colonial legacy of haphazard urban planning. Rather than course-correcting, however, appear to have […]
Gold prices soar to record high locally, internationally
Listen to article Gold has become even more expensive, with prices reaching record levels once again. Increased global investment, including strong buying interest from the United States, has driven gold prices to new heights both internationally and locally. In the international bullion market, the price of gold per ounce climbed by US$13 to 2,997 rupees. Correspondingly, in […]
Shares at PSX rally more than 700 points in intraday trade – Business
Bulls maintained a hold of the trade floor at the Pakistan Stock Exchange (PSX) on Monday as shares gained over 700 points in intraday trade despite delay in the International Monetary Fund (IMF) staff-level agreement. The benchmark KSE-100 climbed 759.91, or 0.66 per cent, to stand at 116,296.07 points from the last close of 115,536.16 […]