King Charles, Trump toast ties despite Iran tensions – World
Britain’s King Charles and Donald Trump hailed their countries’ longstanding ties at a White House state dinner Tuesday – despite the US president claiming the monarch agreed with him on Iran’s nuclear weapons. Over a lavish meal, Charles echoed the tone of his earlier speech to Congress in which he urged London and Washington to […]
Early closures hit retail sales hard – Newspaper
KARACHI: The government’s market closures by 8:00-9:00pm have led to a 25-30 per cent drop in formal retail sales across 35,000 outlets, a weekly Rs100 billion decline in recorded economic activity, reduced workforce income, second-shift layoffs, and a risk to 13,000 point-of-sale-integrated businesses. By shortening market operating hours, the government sought to decrease energy use, […]
KSE-100 Index tumbles over 1,300 points amid selling pressure
Market activity remains relatively strong, with volumes crossing 256 million shares Shares of 345 companies were traded. At the end of the day, 75 stocks closed higher, 254 declined and 16 remained unchanged. PHOTO: FILE KARACHI: The Pakistan Stock Exchange (PSX) came under selling pressure on Wednesday, erasing early gains as investors turned cautious. The […]
Regulator declares loadshedding illegal – Newspaper
ISLAMABAD: In an interesting show of lampooning, the National Electric Power Regulatory Authority (Nepra) publicly confirmed that revenue-based loadshedding is illegal, but the Power Division rejected this, saying the practice would continue nevertheless to avoid the addition of Rs400bn to the circular debt already roaring back to Rs1.8 trillion from about Rs1.6tr nine months ago. […]
IHC judge transfers draw criticism from Islamabad bar – Pakistan
ISLAMABAD: Lawyers’ bodies in the capital have reacted sharply to the transfer of three judges from the Islamabad High Court (IHC), with the Islamabad Bar Council (IBC) on Tuesday raising concerns over the move, which it said lacked transparency, and warning that selective transfers could undermine judicial independence. In a strongly worded statement, IBC Vice […]
PM meets European Union business delegation – Pakistan
ISLAMABAD: A high-level delegation of the European Union and business representatives from prominent European companies on Tuesday called on Prime Minister Shehbaz Sharif and lauded Pakistan’s role in de-escalation efforts in the Middle East, while also vowing to enhance trade ties with Islamabad. According to the Prime Minister’s Office, the meeting was held at the […]
On last day in IHC, Justice Kayani warns of summoning PM – Pakistan
ISLAMABAD: Hours before his imminent transfer from the Islamabad High Court (IHC), Justice Mohsin Akhtar Kayani warned that the high court would summon Prime Minister Shehbaz Sharif in a case concerning the non-appointment of the finance member of the PTA tribunal. During the hearing, Justice Mohsin Akhtar Kayani warned that if the official was not […]
Jirga resolves to raise ‘drone deaths’ in KP Assembly – Pakistan
• CM-led gathering terms civilian casualties from terrorism, drone strikes ‘unacceptable’• KP cabinet to discuss issue tomorrow, followed by grand tribal jirga on Saturday PESHAWAR: As civilians bear the brunt of drone attacks in Khyber Pakhtunkhwa’s merged districts, a meeting of lawmakers from the respective districts decided on Tuesday that the issue would be taken […]
Microsoft removes Israeli names for occupied West Bank – World
TECH giant Microsoft has removed misleading Israeli designations used in the occupied West Bank and included Palestinian geographical names in its digital maps in accordance with international law, Anadolu Agency reported quoting an Arab rights organisation. In a statement, the Arab Center for the Advancement of Social Media (7amleh) said the changes included location-based services, […]
Ultra-Orthodox protesters storm military police chief’s home in southern Israel
Haredi men chant ‘we will die and not enlist’ as army resumes arrests of draft evaders after lull in Iran war Ultra-Orthodox protesters stormed the residence of Israel’s military police chief late Tuesday, amid growing tensions over the arrest of draft evaders. According to Israeli Army Radio, a group of Haredi protesters broke into the […]