Author: Faiza Liaquat
The 100-index of the Pakistan Stock Exchange (PSX) turned bullish on Friday, gaining 485.68 points, a positive change of 0.62 percent, closing at 78,225.98 points compared to 77,740.31 points on the previous working day. A total of 443,483,358 shares were traded, up from 278,986,985 shares the previous day, with the value of shares rising to Rs 20.497 billion from Rs 13.094 billion on the last trading day. Out of 439 companies that transacted shares, 236 recorded gains, 142 sustained losses, and 61 remained unchanged. The top three trading companies were Cnergyico PK with 66,993,533 shares at Rs 4.00 per share,…
Nasir Iqbal showcased his exceptional skill and determination by defeating Switzerland’s Robin Gadola 3-1 in a thrilling semi-final match. After winning the first game, Nasir faced a challenge when Gadola equalized in the second game. However, Nasir dominated the next two games, clinching victory with scores of 6-11, 11-4, 2-11, and 3-11. Nasir has been in tremendous form this year, steadily climbing the PSA rankings and winning three tournaments in Australia this season. As he prepares for the Bega Open final, he aims to add another title to his impressive tally. With 16 PSA titles to his name, the Pakistani…
An exhibition titled “Next Nature,” featuring the unique artistic endeavors of Naqsh Raj, Tahir Ali, and Zahra Jewanjee, opened at Tanzara Gallery on Thursday evening. This exhibition explores the dynamic tension between abstraction and representation, a dichotomy that has been central to artistic practice for over a century. Through their distinctive styles and techniques, the three artists delve into the complexities of perception, imagination, and knowledge. Naqsh Raj’s vibrant, grid-based compositions, Zahra Jewanjee’s intricate circular forms, and Tahir Ali’s bold, gestural abstractions each activate both the sensual and cerebral, inviting viewers to immerse themselves in their distinct visual worlds. The…
Divisional Commissioner Sukkur, Fayaz Hussain Abbasi, announced on Friday the upcoming launch of Rescue 1122 Satellite Stations in Khairpur and Ghotki districts. This expansion aims to enhance the organization’s response capabilities and ensure timely assistance during emergencies. Abbasi made this statement during his visit to the Rescue 1122 Sukkur Station while evaluating preparations for monsoon emergencies. Abbasi highlighted that Rescue 1122 is a crucial initiative of the Sindh government. While the Sukkur station currently serves the division and has responsibilities for Khairpur and Ghotki, the new satellite stations will be operational within the next month. This development will strengthen the…
Pakistan and Turkmenistan have decided to speed up work on the TAPI gas pipeline project, which aims to transport 33 billion cubic meters (bcm) of natural gas annually along a route spanning 1,800 km (1,125 miles) from Galkynysh, the world’s second-biggest gas field, to the Indian city of Fazilka near the Pakistan border. Radio Pakistan reported that the decision was made after Pakistan’s Minister for Petroleum, Musadik Malik, met with Turkmenistan’s Minister of Foreign Affairs of the Cabinet, Rashid Meredow, who was on a two-day visit to Pakistan. “Substantial progress has been made through collaboration on the TAPI Gas Pipeline…
Deputy Commissioner Dera and Chief Executive Officer of the Water and Sanitation Services Company (WSSC) Sarah Rehman emphasized the organization’s dedication to improving living conditions in DI Khan. During her first visit to WSSC, she reviewed the company’s performance and explored ways to enhance its functions. She also inspected various sections of the company office. During the visit, the Deputy Commissioner chaired a meeting with company officials to discuss and deliberate on various issues related to WSSC’s operations. The officials briefed her on the company’s efforts to provide quality water and sanitation services to the eight urban and semi-urban Union…
The Pakistan Bureau of Statistics (PBS) reported on Friday that the country’s exports saw an increase of 11.83 percent during the first month of the fiscal year 2024-25 compared to the same month last year. In July 2024, exports were recorded at $2.308 billion, up from $2.064 billion in July 2023. Imports also rose by 15.30 percent, reaching $4.256 billion in July 2024 compared to $3.691 billion in July 2023. Consequently, the trade deficit for the month was $1.948 billion, an increase of 19.71 percent from the previous year’s deficit of $1.627 billion. On a month-on-month basis, exports in July…
The government of Pakistan has decided to provide substantial financial assistance and rehabilitation grants to the families of missing persons, offering Rs5 million per individual. According to government sources, the decision will be formally announced in an upcoming cabinet meeting. Government sources emphasized that this financial assistance is a rehabilitation grant, not compensation, aimed at supporting the families of individuals who have been missing for more than five years. “Bereavement assistance is not compensation but a rehabilitation grant,” clarified the sources, who also stressed that every possible step is being taken to resolve the issue of missing persons. They further…
Pakistan’s street football team has qualified for the quarter-finals of the Norway Cup after a thrilling 3-1 victory against Kasterndam Club. Both teams were level at one goal each by halftime, but the Green Shirts showcased their exceptional talent in the second half, scoring two decisive goals. Obeidullah, Muhammad Kashif, and Muhammad Isa each contributed a goal to secure the win. Muslim Hands Pakistan, the NGO sponsoring the team, celebrated this milestone with the Pakistani community in Norway. The team will face Germany in the quarter-finals on Saturday, aiming to surpass their runner-up finish in the last edition and lift…
Prime Minister Shehbaz Sharif announced that starting August 14, Pakistan will offer free visas to Chinese citizens. This announcement was made following a meeting with a high-level Chinese delegation, which PM Sharif described as a milestone in bilateral relations. “China and Pakistan share an eternal bond of friendship,” remarked PM Sharif, highlighting the ongoing cooperation between the two countries. He emphasized the potential for enhanced collaboration in several areas, including industry, agriculture, and economic zones. Increased agricultural cooperation will enable Pakistan to export high-demand products to China, meeting Chinese quality standards and expanding trade opportunities. PM Sharif also noted the…