Govt plans to accelerate minerals mining
ISLAMABAD: The government has planned to set up a new dedicated Mines and Minerals Division as part of efforts to accelerate mining activities to give a big push to Pakistan’s economy. This is in line with the attempts made in the previous tenure of Pakistan Democratic Movement (PDM) government, which strived to establish the Mines […]
Finance minister to visit US on April 14 for talks with IMF
KARACHI: Finance Minister Muhammad Aurangzeb will visit Washington on April 14 and 15 for meetings with officials of the World Bank and the International Monetary Fund (IMF). The finance minister, speaking at a ceremony at the Karachi Stock Exchange, said the country needs a new IMF programme that should last for at least three years. Aurangzeb stressed […]
Bankman-Fried sentenced to 25 years for multi-billion dollar FTX fraud
Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind’s dramatic downfall. US District Judge Lewis Kaplan handed down the sentence at a Manhattan court hearing after rejecting Bankman-Fried’s claim that […]
Rupee steady as forex reserves rise
KARACHI: Pakistani currency on Thursday remained steady at over five-month high at Rs278.03 against the US dollar in the inter-bank market, maintaining its uptrend for the 11th successive working day amid a slight pickup in foreign exchange reserves at $8.02 billion. Besides, gold hit over six-and-a-half-month high at Rs231,000 per tola (11.66 grams) in line […]
Schedule for Pakistan T20I tour to Ireland announced
JOIN OUR WHATSAPP CHANNEL The schedule for the Pakistan cricket team’s T20I tour to Ireland was unveiled on Thursday. The Men in Green will take on the hosts at Clontarf in Dublin on 10, 12 and 14 May 2024. The matches will begin at 3pm local time. This series serves as a preparation for the ICC […]
Stocks soar to record high on SOEs sell-off
KARACHI: In another record-breaking rally, the Pakistan Stock Exchange (PSX) on Thursday rose nearly 600 points and shot past the 67,000-point barrier to a new record high on the back of major positive developments. The key triggers were the classification of Pakistan as a secondary emerging market in the FTSE Global Equity Indices and the […]
SC endorses inquiry over judges’ letter
ISLAMABAD: Despite facing strong reservations from some judges, the Supreme Court endorsed on Thursday a proposal for a commission led by a retired judge to inquire into the letter written by six Islamabad High Court (IHC) judges regarding alleged interference of agencies in judicial functions. Meanwhile, Chief Justice Qazi Faez Isa unequivocally conveyed to […]