Sindh enterprises offered Rs35m grant

ISLAMABAD: The Sindh Enterprise Development Fund (SEDF) and the United Nations Industrial Development Organisation (Unido) on Wednesday formally launched the Enterprise Grant Scheme under the European Union-funded Poverty Alleviation & Inclusive Development Across Rural Sindh (PAIDAR) programme, offering co-financed grants of up to a maximum of Rs35 million per project to enterprises in five districts […]

PSX dips 1,109 points over fuel price concerns

Index faces selling pressure as govt plans talks with refineries for diesel rate cut KARACHI: Pakistan Stock Exchange (PSX) on Wednesday gave up early gains as the benchmark KSE-100 index came under selling pressure late in the session over rising oil prices and uncertainty surrounding shipping traffic through the Strait of Hormuz. The index opened […]

‘$10b US facility not a loan’

IMPROVED TIES: Pakistan-US relations have warmed in recent months, and the request for a $10 billion backup facility is seen in the context of enhanced diplomatic relations. PHOTO:FILE ISLAMABAD: Finance Minister Muhammad Aurangzeb said on Wednesday that an under-discussion $10 billion facility by the United States would not be a loan but would be used […]

Foul smell leads to discovery of two bodies in Karachi’s Clifton

Both victims found semi-naked; police suspect suffocation, wait for post-mortem findings A foul smell led to the discovery of two bodies found inside a car parked in a garage at Sea View Apartments near Nishan-e-Pakistan in Karachi’s Clifton, with police suspecting that the two men may have died of suffocation. The victims appeared to have […]

Govt to announce over Rs32 per litre diesel price cut after ‘successful talks’ with refineries

Petroleum minister says PM Shehbaz has personally requested the refineries to provide relief Petroleum Minister Ali Pervez Malik addresses a press conference alongside Information Minister Attaullah Tarar on Thursday. SCREENGRAB Petroleum Minister Ali Pervez Malik said on Thursday that refineries had accepted the government’s request for a significant reduction in diesel prices and the Oil […]

PSX sinks 1,109 points as oil, Hormuz risks hit sentiment

KSE-100 comes under late-session selling pressure as fuel price concerns grow with government’s refinery talks KARACHI: The Pakistan Stock Exchange (PSX) reversed its early gains on Wednesday, with the benchmark KSE-100 index coming under selling pressure in the latter part of the session as rising oil prices and uncertainty surrounding the Strait of Hormuz dampened […]

Pakistan braces for busy cricket season

Pakistan is set for a busy international cricket season as Sri Lanka’s tour combines T20Is and a Test series with a high-profile ODI tri-series featuring England and Pakistan. The Sri Lankan team will begin its tour with three T20Is at Rawalpindi Cricket Stadium on October 9, 11 and 13. The matches will provide both sides […]

China readies robotic lunar mission in search for water ice

Chang’e 7 spacecraft, Long March-5 Y14 rocket moved to launch pad ahead of lunar south pole expedition China is preparing to launch its next lunar exploration mission, Chang’e 7, aimed at investigating the Moon’s south polar region for traces of water ice, state-run China Daily reported Wednesday. The Chang’e 7 spacecraft and its Long March-5 […]

Kyrgios suspended after testing positive for cocaine

LONDON: Former Wimbledon finalist Nick Kyrgios was provisionally suspended from tennis on Wednesday after testing positive for cocaine, with the volatile Australian owning up to his “huge mistake” in a public apology. The International Tennis Integrity Agency (ITIA) announced the suspension of the 31-year-old following a positive test for benzoylecgonine, a cocaine metabolite, from a […]

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