Bullish momentum continues at PSX as shares rally 700 points in intraday trade – Business
Shares at the Pakistan Stock Exchange (PSX) traded in the green on Monday, gaining over 600 points in intraday trade, with the analysts attributing the ongoing trend to clarity on the government structure. The KSE-100 index gained 682.82, or 1.09 per cent, to stand at 63,498.63 at 11:16am from the previous close of 62,815.81. Mohammed […]
Girl in Arabic print shirt saved from mob by Lahore police – Pakistan
LAHORE: Timely action by police saved a teenage girl wearing a dress with Arabic calligraphy printed on it from attack by a charged mob, alleging she committed blasphemy, in the crowded Ichra Bazaar here on Sunday. The situation turned ugly after someone alleged that the girl’s dress was bearing Quranic verses. However, some shopkeepers defended […]
Utility stores cut prices of essentials amid public outcry – Pakistan
ISLAMABAD: Amid public outcry, the state-run Utility Stores Corporation (USC) has reduced the prices of about 40 essential items by up to 17 per cent with immediate effect to slightly lower than prices in the open retail market. This will be followed by price cuts ahead of Ramazan. Before this reduction, there was a negligible […]
In a blow to SIFC plans, caretakers terminate M6 motorway contract – Pakistan
ISLAMABAD: The caretaker government has dealt a big blow to the Special Investment and Facilitation Council’s (SIFC) plans to attract investments by not only terminating the contract for the much-awaited 306km Hyderabad-Sukkur (M-6) Motorway but also escalating the project’s cost by over 100 per cent. Under the terminated contract, a joint venture of Techno, ACC, […]
Sindh Assembly session to elect chief minister underway
The Sindh Assembly session to elect the new chief minister of the province commenced on Monday with PPP’s Murad Ali Shah contesting MQM-P’s Ali Khurshidi. Newly elected speaker Syed Owais Qadir Shah is presiding over the session. After reading out the rules of polling, the voting commenced in the provincial legislature. On Sunday, Owais Shah from the […]
Young man shot dead by robbers in Karachi – Pakistan
KARACHI: A young man was shot dead by armed robbers in Saudabad on Sunday, police said. They identified the victim as Nabeel Nisar, 35, who was shot at and injured at Liaquat Market, H-Area near Farooqi Masjid. The police claimed that the incident took place when he put up resistance to an armed robbery bid. […]
PPP and ‘N’ yet to name Balochistan CM, speaker – Pakistan
QUETTA: The leadership of future coalition partners in Balochistan, the Pakistan Peoples Party (PPP) and Pakistan Muslim League-Nawaz (PML-N) could not finalise the names of their candidates for the top slots of the leader of the house, speaker, and deputy speaker, with three days remaining for the first session of the Balochistan Assembly, which has […]
Voter turnout’s weak link with the economy – Business
People were determined to vote in the 2024 elections. However, despite the increase in absolute terms, voter turnout dipped in terms of percentage. Harsh winter in parts of the country, fears of violence and terrorism in KP and Balochistan, as well as uncertainty about the conduct of elections, may have also adversely affected the turnout, […]
Imran taps Gohar again as nominee for PTI chief – Pakistan
ISLAMABAD: With its founder Imran Khan in prison, the leadership role has become a conundrum for PTI, as it has taken a U-turn and once again nominated Barrister Gohar Ali Khan for the party’s top post. Mr Gohar was elected as PTI chairman after securing Mr Khan’s backing in the December 2023 intra-party elections, which […]
Past precedent ‘might hand’ SIC reserved seats in assemblies – Pakistan
ISLAMABAD: The Sunni Ittehad Council (SIC), which is now home to the PTI-backed independent candidates who won the general election, might get its share of reserved seats in the national and provincial assemblies due to past precedent set by the Election Commission of Pakistan (ECP), a senior official has told Dawn. Chief Election Commissioner Sikandar […]