‘Historic day’: Experts, politicos weigh in on Makkah defence pact
Pakistan, Saudi Arabia and Turkiye on Friday signed a joint defence pact in Makkah that empowers member states to treat an attack against one of them as an attack against all of them. The Makkah Joint Defence Agreement, which seeks to strengthen the collective security of the three states, was signed by Prime Minister Shehbaz […]
Goods transporters to go on strike from Saturday after talks with govt fail – Pakistan
Goods transporters and oil tanker operators began suspending their services on Friday night after negotiations with the government failed, ahead of their nationwide wheel-jam strike scheduled for Saturday. All Pakistan Goods Transport Itehad spokesman and All Pakistan Goods Transport Owners Association President Mohammad Owais Chaudhry Advocate told Dawn that talks with Federal Minister for Communications […]
Goods transporters to go on strike after negotiations with govt fail – Pakistan
Goods transporters and oil tanker operators began suspending their services on Friday night after negotiations with the government failed, ahead of their nationwide wheel-jam strike scheduled for Saturday. All Pakistan Goods Transport Itehad spokesman and All Pakistan Goods Transport Owners Association President Mohammad Owais Chaudhry Advocate told Dawn that talks with Federal Minister for Communications […]
Middle East conflict weighs on PSX
KARACHI: Pakistan Stock Exchange (PSX) slipped into negative territory on Friday as cautious investor sentiment and fears of an escalation in the Middle East conflict triggered selling across major sectors. The benchmark KSE-100 index closed at 181,430.02, down 346.57 points, or 0.19%, after hitting the intra-day high of 181,647.27 and the intra-day low of 180,620.08. […]
PVARA nears licensing regime
ISLAMABAD: Minister of State and Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA), Bilal Bin Saqib, has said that Pakistan is moving closer to establishing a comprehensive licensing regime for virtual asset service providers, marking a significant milestone for the country’s virtual assets sector. He made these remarks while chairing the third meeting of […]
Cases in international courts swallow billions
ISLAMABAD: Pakistan’s government is currently fighting several cases pertaining to the power sector in international courts and is spending billions of rupees, which sparks questions about consistency of investment policy. These cases have been filed by different investors, who allege breach of contracts by the government of Pakistan. Earlier, in a case related to the […]
Italy defies Spanish demand to lift border curbs over Ceuta migrant crisis – World
Spain threatened on Friday to impose restrictions on travellers from Italy unless Rome lifts by Sunday the border controls it introduced last week following a mass influx of migrants into the Spanish enclave of Ceuta. Italy swiftly responded, saying it would not accept “ultimatums or impositions” from Madrid, adding that it would keep in place […]
Power consumers to pay 75 paisa per unit FCA in August bills – Business
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Friday notified an additional burden of Rs9.8 billion on electricity consumers for the August billing period due to a fuel cost adjustment (FCA) of 75 paisa per unit. The net average fuel cost in August would be around 41 paisa per unit higher than in July, […]
Domestic, foreign investors show interest in Fesco privatisation: privatisation commission – Business
ISLAMABAD: The Privatisation Commission (PC) on Friday said it had received a strong response from domestic and international investors for the privatisation of Faisalabad Electric Supply Company (Fesco). The commission said it had received 12 expressions of interest (EOIs) from prospective investors seeking to acquire a 51pc to 100pc stake in Fesco along with management […]
One result, many questions
. Some years ago, while serving as a departmental students’ advisor, I was visited by a group of disappointed students with a complaint that a teacher had “failed” them. I first corrected their wording, explaining that teachers award marks while students fail examinations through inadequate preparation or performance. The discussion took a different turn, however, […]