Negotiations between the government and Pakistan Tehreek-e-Insaf (PTI) are expected to begin soon. PTI leader Asad Qaiser had a meeting with National Assembly Speaker Ayaz Sadiq on Wednesday to discuss the political situation in the country, including the possibility of negotiations between the two parties.
Author: Web Desk
On December 11, 2024, light snowfall and rain began in northern Azad Kashmir. Areas like Neelum Valley, Leepa, and Karnah experienced snowfall, while lower regions had rain. Muzaffarabad remained under overcast skies with light rain expected. The cold wave is expected to intensify further across the country.
The FIA arrested three suspects in Sindh linked to the MDCAT paper leak. The accused were allegedly involved in providing leaked papers to students for money. Investigations revealed incriminating screenshots of leaked papers on their phones, exposing a larger network. Further arrests are expected.
Khawaja Asif stated that the law would decide on the military trial of PTI founder Imran Khan. He revealed that Imran Khan and General Faiz Hameed worked together on political matters before and after the 2018 elections. He further mentioned that the situation might change if new evidence comes to light.
On December 12, 2024, the Supreme Court heard the review petition filed by Benazir Bhutto regarding the phone-tapping case from 1997. Bhutto and Yousaf Raza Gillani had filed the petition against President Farooq Leghari’s actions in 1996. Justice Jamal Mandokhel mentioned that the case’s outcome could affect other pending cases.
On December 11, 2024, the Pakistan Stock Exchange (PSX) experienced a surge of over 2,000 points, signaling a return of bullish momentum. The KSE-100 Index peaked at 111,005.06 during early trading, later settling at 110,749.15 with a 1.7% increase. The market rally was driven by improved economic indicators, especially a drop in inflation, sparking investor confidence. This surge follows previous discussions on policies in the banking sector, further bolstering market growth.
The KSE-100 index at Pakistan Stock Exchange (PSX) crossed the historic 90,000 points mark for the first time on October 25, 2024. The index rose by 1,210.36 points, reaching 90,156.34. This surge is attributed to strong investor confidence, buoyed by economic improvements and expectations of a potential policy rate cut by the central bank.
As of December 11, 2024, Bitcoin is priced at $98,184.45 USD. Bitcoin’s value fluctuates due to various market factors including demand, investor sentiment, and macroeconomic conditions. Investors keep a close eye on Bitcoin prices to make informed decisions on buying or selling in the crypto market.
On December 11, 2024, the gold price in Pakistan rose by Rs. 3,100 to Rs. 280,500 per tola. Similarly, the price of 10 grams of gold increased by Rs. 2,658, reaching Rs. 240,484. Globally, gold prices also saw an increase, with the international rate rising by $31 to $2,693 per ounce. Silver prices also climbed by Rs. 50, reaching Rs. 3,450 per tola.
On December 11, 2024, the price of Bitcoin in Pakistan was 27,201,605 Pakistani rupees. Bitcoin’s value fluctuates constantly due to market demand, investor sentiment, and macroeconomic factors. titles
