Robust corporate results send PSX to record
KARACHI: Pakistan Stock Exchange (PSX) on Monday rose to a fresh record high during the corporate earnings announcement season, fueled by robust financial results and anticipation ahead of the State Bank of Pakistan’s (SBP) monetary policy announcement on April 29. In the morning, trading commenced at the intra-day low of 70,882.44 points, but soon the […]
SC grapples with unprecedented caseload
ISLAMABAD: The Supreme Court finds itself grappling with an unprecedented caseload and a historic high in the country’s judicial history, with the backlog swelling over the past three months. In the initial tenure of Chief Justice of Pakistan (CJP) Qazi Faez Isa, the apex court witnessed a commendable reduction in pending cases during the first […]
Iranian President Raisi reaches Lahore, visits Iqbal’s mausoleum
Iranian President Ebrahim Raisi reached Lahore on Tuesday on the second day of his official visit to Pakistan. The Iranian president and his delegation was received at the airport by Punjab Chief Minister Maryam Nawaz. This is the first visit by a foreign head of state since the new government took power following the February […]
US rights report on India cites abuses in Manipur, harassment of media and minorities
WASHINGTON: The US State Department’s annual human rights assessment found “significant” abuses in India’s northeastern Manipur state last year and attacks on minorities, journalists, and dissenting voices in the rest of the country. Manipur has seen fierce fighting between its tribal Kuki-Zo and majority Meitei populations after a court order a year ago suggested the […]
Court grants Aleema interim bail in prayer gathering case
ISLAMABAD: A sessions court in Islamabad granted interim bail on Tuesday to PTI founder Imran Khan’s sister Aleema Khan, in a case lodged in response to a prayer gathering arranged in Ramazan for the former premier’s release. The PTI held a special prayer gathering in Ramazan for Imran’s release in what the party terms as ‘bogus’ […]
REER surges to six-year high
KARACHI: Pakistan’s real effective exchange rate (REER) – the rupee value against a basket of currencies of the trading partners – appreciated to a six-year high at 104.1 in March 2024, theoretically making imports cheaper and exports challenging. However, Pakistan’s imports have stood low in the wake of restrictive measures taken by the government to […]
Major thoroughfares including Sharea Faisal closed for traffic
KARACHI: Major thoroughfares of Karachi will remain closed for traffic on Tuesday as part of security measures taken ahead of the arrival of Iranian President Ebrahim Raisi and his foreign delegation to the city. The metropolis’ traffic police shared an alternate traffic plan for commuters. According to a traffic police spokesperson, both tracks of Sharea Faisal […]
Pro-Palestinian students arrested at Yale, NYU; Columbia cancels in-person classes
NEWYORK: Police arrested dozens of people at pro-Palestinian demonstrations at Yale University in Connecticut and New York University in Manhattan on Monday, as the war in Gaza continued to reverberate through US university campuses. The police crackdowns came after Columbia University canceled in-person classes on Monday in response to protesters setting up tent encampments at […]