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Mayor Karachi, Barrister Murtaza Wahab, announced that Karachi will receive 100 million gallons per day (MGD) of water by August 2025. He shared this update during a visit to the Hub area to inspect the ongoing construction of the new canal. The project, aimed at increasing the city’s water supply, is 87% complete. The new …
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After the fall of President Bashar al-Assad’s regime in Syria, opposition forces freed prisoners who had been held for years in notorious jails. While their release brings a sense of relief, many are now facing a new and potentially deadly threat—refeeding syndrome. Doctors fear that many of the released prisoners may suffer from refeeding syndrome, …
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India’s Adani Group has withdrawn its request for a $553 million loan from the United States International Development Finance Corporation (DFC). The loan was intended to finance the construction of a deep-sea port in Sri Lanka, located next to a Chinese-run facility. This move comes after a significant indictment in New York accused the conglomerate’s …
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Pakistan’s northern regions, with their snow-capped peaks, lush valleys, and scenic beauty, have long been a favorite for adventurers, trekkers, and mountaineers. However, as winter approaches, the country is taking active steps to promote itself as a winter tourism hotspot. From thrilling winter sports to vibrant cultural festivals, Pakistan is gearing up to attract both …
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Islamabad: MOL Group celebrated its 25th anniversary of operations in Pakistan with a gala dinner in Islamabad. Federal Minister for Commerce Jam Kamal Khan, Governor Khyber Pakhtunkhwa Faisal Kareem Kundi, and Syed Naveed Qamar attended the event. The gathering highlighted MOL Group’s significant contributions to Pakistan’s energy sector, particularly in hydrocarbon exploration and production. Minister …
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The Asian Development Bank (ADB) has approved an additional $330 million in funding to strengthen Pakistan’s social protection programs. The funding will support the country’s federally administered programs under the ongoing Integrated Social Protection Development Program (ISPDP). Purpose of the Additional Financing The new funding will enhance grassroots-level social protection. It aims to help alleviate …
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Karachi: The Pakistan Stock Exchange (PSX) hosted a Gong Ceremony to welcome delegates of the 2nd International Islamic Capital Market Conference & Expo 2024. The event, themed “From Tech Transformation to Realizing Sustainability,” is set to take place in Karachi on December 12, 2024. The ceremony featured prominent global figures in Islamic finance, including Dr. Sami …
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ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) reiterated its demand for a thorough investigation into the deaths of its supporters during the party’s November 26 protest in Islamabad. Speaking in the National Assembly (NA), MNA Barrister Gohar Ali Khan called on the government to show the “courage to give answers” regarding the alleged deaths of party members. …
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As of Wednesday, December 11, 2024, the Pakistani Rupee (PKR) is trading at Rs. 278.19 against the US Dollar (USD). The exchange rate continues to show volatility, reflecting ongoing economic challenges in the country. For every 1 USD, the Pakistani Rupee is valued at Rs. 278.19, or 0.0036 USD per unit of the Rupee. Forex …
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KARACHI: The Anti-Narcotics Force (ANF) foiled an attempt to smuggle a massive haul of crystal meth, also known as ice, to Malaysia on Wednesday. During a raid at the South Asia Pakistan Terminal, ANF officials recovered approximately 700 kilograms of methamphetamine hidden in a container. One suspect has been arrested in connection with the case. …
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Gold prices in Pakistan reached record levels on Wednesday, December 11, 2024. According to the Pakistan Sarafa Market, the price for 24-karat gold stands at Rs. 284,200 per tola. The rate for 10 grams of 24-karat gold is Rs. 243,660, while the price per gram is Rs. 24,366. These rates reflect increasing demand for gold …
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Pakistan’s ace pacer, Shaheen Shah Afridi, reached a remarkable milestone in T20I cricket during the first match against South Africa at Kingsmead on Tuesday. Shaheen delivered an impressive spell, securing 3-22, and became the third Pakistani bowler to claim 100 wickets in T20Is. Third Pakistani to Achieve the Feat Shaheen joined the elite club alongside …
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The government has decided to sell the Precession Engineering Complex (PEC), a business unit of Pakistan International Airlines (PIA), to the Pakistan Air Force (PAF) for Rs2.5 billion in cash. This sale price equals only one-fourth of the Rs10 billion bid earlier received for a 60% stake in PIA. Details of the Sale The government …
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Rawalpindi: Markhors’ Khawaja Mohammad Nafay displayed brilliant batting skills to help his team edge past Dolphins by two wickets on the fourth day of the ongoing Champions T20 Cup. Opening batter Khawaja Mohammad Nafay smashed a spectacular 41-ball 68. His innings included four sixes and four boundaries. This crucial knock guided the Markhors to chase …
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KARACHI: Google’s “Year in Search 2024” has unveiled a fascinating narrative of Pakistan’s digital landscape, highlighting how sports, entertainment, food, and technology dominated user interests and reflected the nation’s priorities. As expected, cricket topped the search trends, with the ICC T20 World Cup capturing the nation’s attention. Questions about the PSL 2024 schedule, matches, and star …
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DOHA: Foreign Ministry spokesperson of Qatar, Majed al-Ansari, stated that his country’s role after Bashar al-Assad’s removal will depend on guidance from Syrians. “Any positive role that Qatar can play, we will delightfully do it,” al-Ansari said. He emphasized Qatar’s commitment to supporting the Syrian people since the start of the revolution. Commitment to Syrian …
Israeli warplanes launched a series of airstrikes on Syrian military sites, according to the Syrian Observatory for Human Rights (SOHR). The attacks targeted factories belonging to the Syrian air force and weapons warehouses near Damascus. Extensive Targets Across Syria The strikes hit multiple locations, including Aleppo, Deir Az Zor, Hama, Homs, Al-Hasakah, Latakia, and Damascus. …
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RAWALPINDI: Former ISI chief Lieutenant General (retd) Faiz Hamid has been formally charged with serious offenses. These include engaging in political activities, violating the Official Secrets Act, and misuse of authority. The Inter-Services Public Relations (ISPR) revealed the details in a statement on Tuesday. The statement highlighted that these actions compromised state security and interests. …
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The Securities and Exchange Commission of Pakistan (SECP) has approved a comprehensive Strategic Action Plan 2024-2026 to promote Islamic finance and phase out Riba by 2028. The initiative aims to transform non-bank financial sectors by enabling a smooth transition to Sharia-compliant financial practices. Roadmap for Islamic Finance Growth The Strategic Action Plan, prepared by the …
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The latest gold and silver rates in Pakistan reveal fluctuations in the precious metals market. Both gold and silver prices continue to capture attention, reflecting changes in the international and domestic markets. On Tuesday, December 10, 2024, the per tola price of 24-karat gold reached Rs. 283,000 in the local market. This rate, provided by …
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The Pakistan Stock Exchange (PSX) achieved a major milestone on Monday as the KSE-100 index crossed the 111,00 points for the first time in history. Investors celebrated the record-breaking rally, which reflected growing confidence in Pakistan’s financial markets. Opening Rally Boosts Market The market began the day with a strong rally. The KSE-100 index surged …
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After the fall of Bashar al-Assad’s government and the rebels’ takeover of Damascus and other areas in Syria, harrowing stories of former prisoners are coming to light. According to an Al Jazeera report, thousands of individuals freed from prisons are now sharing their experiences of imprisonment. Prisoners Identified Only by Numbers A former prisoner, in …
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White House National Security Adviser Jake Sullivan will visit Israel on Thursday. He will discuss Syria and efforts to negotiate a ceasefire and hostage deal in Gaza. Axios reporter Barak Ravid cited Israeli officials in his post on X, confirming the planned visit. Deadly Airstrikes in Gaza At least 22 Palestinians, including women and children, …
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