All 25 on board killed after passenger coaster plunges into river in Skardu district

All 25 individuals on board a passenger coaster were killed after the vehicle fell into River Sindh in Rondu tehsil in Skardu district on Monday, Deputy Commissioner Skardu Khurram Pervaiz confirmed. The coaster was travelling from Rawalpindi to Skardu when the accident took place. Pervaiz said that the process of recovering and shifting bodies was […]

CLICK HERE TO READ MORE

SC hears govt’s appeals against PHC setting aside sentences of those convicted by military courts

The Supreme Court on Monday — hearing over 70 appeals against the Peshawar High Court’s (PHC) decision to acquit convicts sentenced by the military courts — directed the defence ministry to present a full record of the convicts and the charges against them. A three-judge bench, headed by Justice Mushir Alam, presided over the case. […]

CLICK HERE TO READ MORE

FIR registered against JUI-F leader, 10 others for disrupting Aurat March in Islamabad

Islamabad’s Kohsar Police on Monday registered a case against 12 individuals – including local religious leaders and JUI-F’s Maulana Abdul Majeed Hizravi – for trying to disrupt yesterday’s Aurat March in the capital. On Sunday, one person was injured after participants of the march in Islamabad were attacked by some men who shouted slogans and […]

CLICK HERE TO READ MORE

Pakistan among 20 states most affected by China slowdown due to coronavirus

ISLAMABAD: The Uni­ted Nations Conference on Trade and Development (UNCTAD) has included Pakistan in the list of 20 economies across the world that have been affected the most after China suffered slowdown because of novel coronavirus. The affected value chain for Pakistan is textiles and apparel which amounts to $44 million from a two per cent reduction […]

CLICK HERE TO READ MORE

Ministry objects to approval of massive loans for NHA

ISLAMABAD: The Ministry of Communications is seeking an end to the practice of extending unsolicited expensive loans to the National Highway Authority (NHA) by the federal government through its ‘imposed projects’. The state-run NHA has a cash development loan (CDL) portfolio of over Rs2 trillion from the federal government, hampering smooth operations and development of […]

CLICK HERE TO READ MORE

Oil crashes after Saudi Arabia declares price war amid coronavirus

Losing more than a quarter of their value, oil prices were set for their biggest one-day decline in 29 years on Monday, after Saudi Arabia ignited a price war in a market already reeling from the impact of the coronavirus on global demand. Saudi Arabia slashed its official selling prices and made plans to ramp […]

CLICK HERE TO READ MORE

Oil crash sparks ‘Black Monday’ meltdown on virus-hit markets

World oil prices crashed on Monday, fuelling a vicious selloff on stock markets — which were already buckling under intense pressure over the spreading deadly coronavirus. Stocks tanked as the global oil market nosedived 30 per cent at one stage after top exporter Saudi Arabia slashed the prices it charges customers following a bust-up with […]

CLICK HERE TO READ MORE

Crash and recover: Stocks register largest intra-day fall in history before rebounding

Trading at the Pakistan Stock Exchange was paused for 45 minutes on Monday, seven minutes after the opening bell, after the benchmark index dropped 2,106 points. According to reports from the market, trading was halted at around 9:37am after a rapid 5.83 per cent decline (2,106 points) in share prices. After trading resumed at 10:24am, […]

CLICK HERE TO READ MORE

Lahore Qalandars stun the Kings with spectacular 8-wicket win in PSL contest

Lahore Qalandars collected on Sunday their third victory of the Pakistan Super League (PSL) 2020 season as they defeated the Karachi Kings by eight wickets at Lahore’s Gaddafi Stadium. The Qalandars conveniently chased the 188-run target, scoring 190 runs for the loss of just two wickets with five balls to spare. Ben Dunk’s 99-run knock […]

CLICK HERE TO READ MORE