Prime Minister’s Adviser on Political Affairs Rana Sanaullah announced on Tuesday that a sub-committee has been formed by the government’s negotiation committee to respond to Pakistan Tehreek-e-Insaf’s (PTI) charter of demands. The statement was made following a meeting chaired by National Assembly Speaker Ayaz Sadiq at the Parliament House in Islamabad. Sanaullah stated, “We will provide the government’s response to the opposition in the next meeting,” adding that the committee is currently reviewing the opposition party’s demands. When questioned about former Prime Minister Imran Khan’s seven-day deadline, Sanaullah mentioned that the opposition is free to make statements and decisions, but…
Author: Web Desk
In Malir’s Rafah-e-Aam Society, Karachi, a man killed his daughter and her friend on Tuesday in the name of ‘honour’, after allegedly finding them together at his residence. According to the police, the suspect, identified as Azhar, claimed he found his daughter and her friend alone on the rooftop of his residence, which enraged him. He then shot both at close range, killing them on the spot. The victims were identified as 18-year-old Fatima and 20-year-old Ali. Following the murders, the suspect surrendered himself to the local police and confessed to the crime, stating he acted in the name of…
Saudi Arabia released a total of 7,208 Pakistani prisoners between 2019 and 2024, Foreign Minister Ishaq Dar informed the Senate on Tuesday. During Saudi Crown Prince Mohammed bin Salman’s visit to Pakistan in February 2019, then Prime Minister Imran Khan requested the release of Pakistani prisoners. Days after the historic visit, the crown prince ordered the release of a large number of Pakistani detainees. In a written response, Dar, who also serves as deputy prime minister, informed the upper house of parliament that the Ministry of Foreign Affairs is formulating a comprehensive consular policy for Pakistanis imprisoned in foreign jails…
As winter sets in, medical experts have raised alarms about the heightened risks for individuals suffering from heart conditions and high blood pressure. Cold weather, they say, can exacerbate health issues, and neglecting precautionary measures could prove fatal. Professor Tahir Sagheer, Executive Director of the National Institute of Cardiovascular Diseases (NICVD), explained that the cold leads to constriction of blood vessels, disrupting the normal flow of blood and placing additional strain on the heart. “The risk of heart attacks increases significantly during the winter months due to these factors,” he stated. Professor Nawaz Lashari, President of the Pakistan Hypertension League,…
Saudi Arabian mining fund Manara Minerals is set to buy a 10%-20% stake in the Reko Diq copper and gold project in Pakistan for proceeds of about $500 million to $1 billion, according to the Financial Times. Manara Minerals would purchase the equity stake from the government of Pakistan in the project, which is being co-developed by Canada’s Barrick Gold. According to the British news outlet, Saudi Arabia ranks among the largest external creditors of Pakistan, providing significant support through loan rollovers, central bank deposits, and oil facilities to manage the country’s $9.2 billion debt. Government officials have been seeking…
The Federal Board of Revenue (FBR) has submitted a comprehensive plan to the International Monetary Fund (IMF) to address revenue shortfalls, sources said on Tuesday. In September, the IMF’s Executive Board approved a new $7 billion, 37-month loan agreement for Pakistan that requires “sound policies and reforms” to strengthen macroeconomic stability. The approval released an immediate $1 billion disbursement to Islamabad. The crisis-wracked South Asian country has had 22 previous IMF bailout programs since 1958. Sources added that key initiatives in the plan include the clearance of containers at ports, auctioning of smuggled goods, and enhancements to enforcement capabilities. Progress…
The Pakistan Stock Exchange (PSX) experienced a notable performance as the benchmark index reached 116,090.5 during intraday trade. According to the PSX website, the KSE-100 index gained 245.69 points to reach 116,090.5 levels at 12:18 pm. “We think the market will continue to gain momentum hereon and would be uptrending. However, it would be led by flows mostly. Hence, we don’t see a big rally given the lack of triggers,” said Intermarket Securities in a Facebook post on Tuesday. The firm added that the MPC on 27 January could be a “positive trigger” if it delivers a larger than 100bps…
The dollar price in the interbank market increased by 10 paise to reach Rs278.75 during intraday trading. The rupee appreciated by 0.08% against the US dollar in the interbank market during the opening hours of trading. The local currency finished at 278.71, compared to 278.58 at the end of last week against the US dollar, the State Bank of Pakistan said. Meanwhile, the KSE-100 index gained 245.69 points, reaching 116,090.5 levels at 12:18 pm.
Gold prices rose for the second consecutive session on Tuesday as the dollar weakened, with markets evaluating the possible consequences of US President Donald Trump’s policies in his second term after his inauguration. Spot gold gained 0.6% to $2,724.74 per ounce by 0240 GMT. US gold futures were 0.2% lower at $2,742.50. The dollar was down about 1% after reports suggested any new taxes would be imposed in a “measured” manner. A weaker dollar makes gold more attractive to foreign buyers. “There is a sense of relief in risk sentiment knowing that tariffs have not been an immediate focus. The…
Kate Middleton, the Princess of Wales, has been granted a groundbreaking new role by King Charles, marking a major shift in the British royal family’s relationship with industry. For the first time in 115 years, a Princess of Wales will have the authority to formally grant Royal Warrants, a responsibility traditionally held by the monarch and occasionally the heir to the throne. This new power allows Kate to bestow the Royal Warrant, which grants companies and brands permission to use the Royal Arms, a symbol of royal approval. Experts believe this move could have a significant impact on British businesses,…
