World Bank approves $376m to boost Pakistan’s power grid, unlock wind energy
ISLAMABAD: The World Bank’s Board of Executive Directors has approved 375.9m dollars in financing to strengthen Pakistan’s national power transmission network, a move aimed at reducing chronic power outages and accelerating the country’s transition to clean energy. The funding will launch the Grid Stability Enhancement Project, which marks the first phase of a broader 10-year initiative […]
IHC reconstitutes administrative committee, Justice Inam replaces Justice Arbab
ISLAMABAD: The Islamabad High Court (IHC) has reconstituted its Administrative Committee, with Justice Inam Amin Minhas replacing Justice Arbab Muhammad Tahir, according to a notification issued by the court. The notification, issued by the IHC Registrar with the approval of Chief Justice Sardar Sarfraz Dogar, stated that Justice Arbab Muhammad Tahir was no longer a […]
Khamenei laid to rest in Mashhad amid anti-US protests
TEHRAN: Iran on Thursday buried its late Supreme Leader, Ayatollah Ali Khamenei, at the Imam Reza shrine in the northeastern city of Mashhad, concluding a week of mass funeral processions and state rallies. Khamenei was killed on February 28 during a US airstrike on the opening day of the conflict, part of a joint US-Israeli barrage […]
PM Shehbaz reiterates resolve to eliminate India-backed terrorism in Balochistan
QUETTA: Prime Minister Shehbaz Sharif on Thursday reaffirmed the resolve of the civil and military leadership to eliminate India-backed terrorism in Balochistan. The premier made the remarks while chairing a meeting of the Provincial Apex Committee on the National Action Plan in Quetta. The PM expressed concerns over the recent terrorist attacks in the province, […]
Mufti Taqi Usmani’s fatwa rules cryptocurrency purchases impermissible
Islamabad :A fatwa issued by Mufti Muhammad Taqi Usmani, president of Wifaq-ul-Madaris Al-Arabia Pakistan and Darul Uloom Karachi, stated that buying goods with cryptocurrency is not permissible under Islamic law (Shariah), The News reported. According to the fatwa, based on the findings and opinions of experts consulted so far, cryptocurrency does not qualify as maal […]
Oil heads for weekly gain as Middle East supply risks persist
Islamabad : Oil prices rose on Friday and were set for weekly gains because of renewed fears of supply disruptions from the key Middle East producing region after renewed fighting between the US and Iran this week curtailed shipping in the Strait of Hormuz. Brent futures were up 19 cents, or 0.25%, to $76.49 a […]
PSX rebounds as oil retreats from mid-week highs
ISLAMABAD : Stocks rose on Friday as investors took heart from easing oil prices, no confirmed fresh US strikes in Iran and stronger domestic external-account indicators. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index touched an intraday high of 183,477.57, up 2,217.90 points, or 1.22%, from the previous close of 181,259.67. Its intraday low stood […]
Over 54 terrorists killed, 42 security personnel martyred in Balochistan operations: ISPR chief
ISLAMABAD: ISLAMABAD: More than 54 terrorists were killed while 42 security personnel embraced martyrdom during a series of intelligence-based operations (IBOs) and counterterrorism engagements in Balochistan over the past four days. Addressing a press conference on Wednesday, Inter-Services Public Relations (ISPR) Director General Lt-Gen Ahmed Sharif Chaudhry said that security forces had conducted multiple operations […]
Oil prices surge after fresh US strikes on Iran shatter truce hopes
Oil prices rose by more than one per cent on Thursday following a fresh wave of US military strikes against Iran. The renewed hostilities have severely dented hopes for an end to the conflict and threatened the full reopening of the strategic Strait of Hormuz, a critical maritime chokepoint that handled a fifth of global […]
Venezuela earthquake death toll rises to 3,811 as govt seeks frozen funds
CARACAS: The death toll from Venezuela’s twin earthquakes has risen to 3,811, according to figures released by National Assembly President Jorge Rodriguez on Wednesday. The latest tally puts the number of injured in the June 24 quakes at 16,740, and the number of homeless at 17,907. Interim President Delcy Rodriguez renewed calls for international sanctions […]