The Pakistan Stock Exchange Limited (PSX) has issued an alert to investors regarding the surge in fraudulent activities promoted through social media and WhatsApp groups under the guise of investment advice and training courses. The PSX said that the scammers may misuse the name of registered professionals or claim to be affiliated with a legitimate … Read more
The Sensitive Price Indicator (SPI) for the week ending September 12, 2024, recorded a slight increase of 0.01% compared to the previous week, primarily driven by rising prices of essential commodities such as tomatoes, electricity charges, and chicken. The SPI, a key measure of short-term inflation, tracks the weekly price movements of 51 essential items … Read more
Interior Minister Mohsin Naqvi has announced plans to consult religious scholars from various sects to develop a unified “narrative in the war against terrorism.” This initiative follows a wave of militant attacks that left over 50 people dead in Balochistan last month, according to Radio Pakistan on Wednesday. During a meeting with Maulana Syed Muhammad … Read more
Around 8,000 Rohingya Muslims have fled to Bangladesh in recent months, escaping escalating violence in Myanmar’s western Rakhine state, according to Bangladeshi officials. The violence has intensified as fighting between Myanmar’s ruling junta and the Arakan Army, a powerful ethnic militia drawn from the Buddhist majority, continues to worsen. “We have information that around 8,000 … Read more
LAHORE: Amid escalating electricity tariffs and growing economic pressures, energy sector experts have underscored the urgent need to accelerate the adoption of solar power across Pakistan. At the Solar Power Conclave and Technology Excellence Awards 2024 held on Friday, speakers emphasized the critical role of solar energy in enhancing the nation’s energy security and reducing … Read more
KARACHI: The Pakistani rupee appreciated by Rs0.10, closing at Rs278.54 against the US dollar in the inter-bank market, breaking a two-day losing streak due to an increase in the supply of foreign currency within the domestic economy. According to data from the State Bank of Pakistan (SBP), the local currency had cumulatively lost Rs0.32 over … Read more
LAHORE: The debate around Pakistan’s rising electricity tariffs and the role of Independent Power Producers (IPPs) has sparked widespread public frustration in recent months. Businessmen, policymakers, and politicians alike are pointing fingers, often blaming the current mess in the power sector on capacity payments, which IPPs receive even when they do not produce electricity. However, … Read more
ISLAMABAD: Senior Minister Marriyum Aurangzeb declared on Sunday that the Rs14 per unit electricity subsidy announced by the Punjab government would be fully financed through the province’s budget. After enduring months of public outrage and criticism from the opposition over soaring electricity prices, the Punjab government revealed on Friday that consumers using up to 500 … Read more
KARACHI: Pakistan Stock Exchange (PSX) lost some ground on Friday over growing political uncertainty following the arrest of three retired army officers in connection with the court martial of ex-ISI chief General (Retd) Faiz Hameed. Many investors refrained from building positions also because of uncertainty regarding the fate of independent power producers (IPPs) and possible … Read more
Listen to article The public has been urged to observe heightened vigilance and preventive measures to combat the emerging health risks from the spread of diseases such as Zika, dengue, and mpox. Zika, dengue, and mpox. The critical warning to the public about the escalating threat of vector-borne illneses was issued by infectious disease specialist Dr Syed Faisal Mahmood. Dr … Read more