The Pakistan Stock Exchange (PSX) started the week on a positive note as it crossed the 81,000 mark buoyed by the newly signed International Monetary Fund (IMF) deal. The KSE-100 index climbed 1276.91, or 1.6 per cent, to stand at 81,221.00 points from the previous close of 79,944.09. Raza Jafri, chief executive of EFG Hermes Pakistan, said, “The market is reacting positively to the staff-level agreement with the IMF, as this is supportive for continued macroeconomic stability and reforms.” He added that “investors may also have an eye on the next monetary policy, with further interest rate cuts expected across…
Author: Hasnain Abid Khanzada
British Pakistanis are cautiously optimistic. They don’t expect an instant positive change in their fortunes following the Labour Party’s landslide victory after 14 years of Conservatives rule, which has sometimes proven tumultuous. However, they hope to seize opportunities under Prime Minister Keir Starmer’s leadership to gain stability and achieve the future they aspired to when they chose to make the UK their home. They believe Mr Starmer’s overwhelming mandate has empowered the new UK government to move boldly and decisively on their electoral promises. They anticipate an economic turnaround through innovative strategies to address key issues such as falling productivity and investment…
ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday formed a committee to reactivate the Neelum-Jhelum hydropower project, directing the relevant officials to complete investigation into its recent closure and identify those responsible for the defects in its design. While chairing a meeting at PM House during which a preliminary investigation report was presented, the prime minister expressed annoyance over the ‘criminal negligence’ committed in the past and ordered immediate completion of the probe and strict action against those found responsible for it. “Experts pointed out that there were defects in the design, concrete lining was not done, how unfortunate is that…
GENEVA: The UN rights council adopted several resolutions this week dealing with women and gender rights, despite a mounting bid by Russia and others to remove “controversial concepts” around things like reproductive rights. Diplomats and others have been warning of growing efforts to remove references to women’s rights or to sexual orientation and gender identity that had long gone uncontested in texts across the United Nations system. The tensions, which have especially pitted mainly Western countries against conservative, largely Muslim states, were on full display during the latest session of the UN Human Rights Council, which concluded on Friday. As…
Donald Trump called on Americans on Sunday to stand united after he was injured in an assassination attempt — a shocking incident that opened a dark new chapter in an already polarised US presidential race. Trump was shot in the ear during a campaign rally, streaking the Republican presidential candidate’s blood across his face and prompting his security agents to swarm him, before he emerged and pumped his fist in the air, mouthing the words “Fight! Fight! Fight!” Hours after the incident, the US Federal Bureau of Investigation (FBI) said it had identified the shooter in the assassination attempt as 20-year-old Thomas…
America’s Federal Bureau of Investigation (FBI) has identified 20-year-old Thomas Matthew Crooks of Bethel Park, Pennsylvania as the suspect in Saturday’s attempted assassination of former US President Donald Trump at a campaign rally. The suspect was shot and killed by the Secret Service seconds after he allegedly fired shots toward a stage where Trump was speaking in Butler, Pennsylvania. The FBI said it was working to determine a motive for the attack, in which one rally attendee died and two other spectators were critically injured. Trump was shot in the ear. The Federal Aviation Administration said on Sunday that it closed the…
Nepali search teams retrieved more bodies on Sunday of the roughly 50 people missing after a landslide triggered by torrential rains swept two buses into a fast-flowing river. Over 300 officers, including divers, were scouring the river for passengers and the two buses themselves, said Kumar Neupane, spokesperson for Nepal’s armed police unit. Other teams on boats were using sensor equipment to search the murky water. Grieving relatives waited on the banks in shock. “It’s been three days I have been here, but my grandparents’ bodies have not been found,” said Khurseed Alam, aged 23. The force of Friday’s landslide in central Chitwan district…
American actor Shannen Doherty, best known for her role as high school student Brenda Walsh on the hit 1990s television drama “Beverly Hills, 90210,” has died after years of living with cancer, People magazine reported on Sunday. She was 53. “It is with a heavy heart that I confirm the passing of actress Shannen Doherty. On Saturday, July 13, she lost her battle with cancer after many years of fighting the disease,” the magazine cited Doherty’s publicist Leslie Sloane as saying. Doherty had been public about her battle with breast cancer, disclosing in 2015 that she was undergoing treatment for the disease.…
Donald Trump was shot by a gunman during a campaign rally on Saturday in what the FBI called an attempted assassination of the former US president, who survived the attack and appeared to have a wounded ear. Below is a list of other previous attempts on the lives of American leaders, successful or not. Assassinations Four US presidents were assassinated while in office. Abraham Lincoln: Killed in 1865 by John Wilkes Booth at Ford’s Theatre in Washington. James Garfield: Shot in 1881 in Washington at a train station, and died of his wounds two and a half months later. William McKinley: Assassinated…
BERLIN: New Jersey Governor Phil Murphy on Sunday promised the 2026 World Cup will be an “incredibly safe tournament” hours after an assassination attempt on former US President Donald Trump and amid violence at Copa America matches. MetLife Stadium, in Murphy’s state of New Jersey will play host to eight games, including the final, of the 2026 World Cup which is to be held in the United States, Canada and Mexico. Trump was hit in the ear in an assassination attempt by a gunman at a campaign rally in Butler, Pennsylvania on Saturday, while a bystander was killed. At Wednesday’s…
