The stock market went into turmoil on Monday on the sudden flare-up in political temperature with the arrest of Leader of the Opposition Shehbaz Sharif after his bail was rejected in a money-laundering case. The KSE-100 Index plummeted 960 points (2.30 per cent) and closed below the 41,000 level at 40,741. The market opened slightly in the […]
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The Asian Development Bank (ADB) on Monday approved a $300 million loan to help strengthen Pakistan’s struggling finance sector. The fresh loan, according to an official of the bank, will be used to support measures to develop competitive capital markets and encourage private sector investment in the country. “The reforms proposed under this programme will […]
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Pakistan has moved towards Euro V standard fuel despite the fact that a majority of locally produced vehicles are of Euro II standard. Only Honda Atlas Cars has been rolling out Euro IV vehicles. Others, including bike assemblers, have been making Euro II vehicles on the excuse that refineries are still producing Euro II fuels. […]
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MOST emerging markets suffer from financial exclusion. Pakistan is no exception. In a country of 220 million people, we only have 10m active loan customers. Commercial banks lend to less than 2m people. This appalling situation does not end. For a customer new to the industry, they usually take one month to provide a credit […]
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The Senate human rights panel was irked on Monday during a briefing on the Lahore-Sialkot motorway gang-rape case provided by Lahore Capital City Police Officer Umar Sheikh, who once again seemed to fault the victim for the incident. The members also took exception to the “contradictory” police findings, which they observed had created “doubts and suspicions” about […]
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Prime Minister Imran Khan on Monday said the government would fully concentrate on developing tribal areas so that plans of “certain elements” who do not want stability in those areas could be thwarted. Addressing the inauguration ceremony of Nahakki Tunnel and Shaikh Zayed Road in Mohmand district, the premier said tribal areas had not been […]
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PML-N Vice President Maryam Nawaz on Monday strongly criticised the arrest of her uncle and party president Shehbaz Sharif, saying he was being “punished” for standing by his brother former prime minister Nawaz Sharif’s side. She was addressing a press conference alongside other top leaders of the PML-N, hours after Leader of the Opposition in […]
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An Islamabad accountability court on Monday indicted former president Asif Ali Zardari and his sister Faryal Talpur in the mega money laundering case. The former president appeared before the court along with Talpur and his daughter, Asifa Bhutto-Zardari. The court also indicted Omni Group Chairman Anwar Majeed and his son, Abdul Ghani Majeed, during today’s […]
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Armenian separatists in the breakaway region of Nagorny Karabakh said on Monday 15 more of its fighters have been killed in a flare-up of a territorial dispute, bringing the death toll to 39 as the fighting entered a second day. World leaders have urged a halt to the fighting between Azerbaijan and the Armenian rebels […]
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MADRID: Protesters hit the streets of Madrid against virus restrictions on Sunday, a day before a partial lockdown is extended to more areas of Spain’s capital region try to curb a surge in coronavirus cases. The city with its surrounding region is at the epicentre of a second wave of infections sweeping Spain. Covid-19 has […]
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