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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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Pakistan continues to struggle with slow internet speeds, according to Ookla’s Speedtest Global Index for October 2024. The country ranked 100th out of 111 nations in mobile internet speeds and 141st out of 158 countries for broadband. Internet Users Face Persistent Issues Pakistani internet users report slow download speeds, difficulties with WhatsApp media sharing, and …
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The Pakistan Stock Exchange (PSX) achieved a historic milestone as the KSE-100 Index crossed the 110,000-point mark during trading on Monday. The index surged by an impressive 1,211 points in intraday trading, reflecting strong investor confidence and a robust market trend. Investors Celebrate Market Momentum The record-breaking performance has boosted investor sentiment. Analysts attribute the …
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Karachiites are finally experiencing a long-awaited cold wave. Temperatures in the city have dropped to 11°C, bringing a taste of winter. According to the Pakistan Meteorological Department (PMD), the city’s temperature is expected to remain between 10-12°C. Northeasterly winds blowing at 8 kilometers per hour, coupled with 36% humidity, are contributing to the cold spell. …
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The Supreme Court (SC) suspended the Election Commission of Pakistan’s (ECP) decision to disqualify MNA Adil Bazai. A three-member bench, led by Justice Syed Mansoor Ali Shah, restored Bazai’s National Assembly membership. The suspension remains effective until December 12. ECP Disqualification for Floor Crossing The ECP disqualified Adil Bazai in response to a reference filed …
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Reports have emerged about Syrian President Bashar al-Assad’s plane allegedly crashing under mysterious circumstances. Foreign media and the FlightRadar website highlight the incident, sparking widespread speculation. Bashar al-Assad’s Plane Flees Amid Rebel Attack According to FlightRadar, an aircraft departed from Damascus Airport during a rebel attack on the capital. Initially, the plane was headed toward …
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Syrian rebel forces made significant progress in their fight against the Assad regime. On Sunday, they reached additional cells in the infamous Saydnaya Prison near Damascus. They freed hundreds of detainees held under brutal conditions. Rebels Discover Hidden Cells Rebels streamed videos online showing their efforts to liberate the prisoners. In one Al Jazeera video, …
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The UK and the Republic of Ireland are bracing for Storm Darragh, which is set to bring damaging winds of up to 90mph. The storm has prompted the Met Office to issue a severe red weather warning for parts of the UK. The warning highlights a “danger to life” due to high winds, with flying …
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The humanitarian crisis in Gaza continues to worsen, particularly in shelters where displaced Palestinians are seeking refuge. Louise Wateridge of the UN’s agency for Palestinian refugees (UNRWA) highlighted the dire situation, where wounded children cry for food and face unhealed injuries due to inadequate care and resources. Overcrowded Shelters and Dire Living Conditions Wateridge, speaking …
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The announcement of the ICC Champions Trophy schedule continues to be delayed as unresolved logistical issues persist. Sources indicate that these issues need to be addressed before the official schedule can be released. Discussions will only take place in the ICC board meeting if necessary. The delays have been further complicated by the awaited response …
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Former Pakistan captain and veteran wicketkeeper-batter Sarfaraz Ahmed has hinted at the possibility of retiring from international cricket, raising questions about the end of his distinguished career. Speaking to the media at Rawalpindi Cricket Stadium on Friday, Sarfaraz, 37, subtly hinted that his retirement might be near. When asked about his future in the sport, …
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A senior Saudi royal has condemned Israel as a “genocidal” and “apartheid” state, urging incoming US President-elect Donald Trump to take action for peace in the Middle East. Prince Turki Al Faisal, the former head of Saudi Arabia’s intelligence agency for over two decades, called for justice to be served through the International Criminal Court …
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Islamabad: The Ministry of Energy has successfully renegotiated a power purchase agreement with Safe Power Company, sources confirmed. The company’s board approved changes to the agreement, introducing a revised tariff structure aligned with the Task Force’s proposed rates. Safe Power Company will now follow the “Take and Pay” tariff, ensuring more reliable payment terms. The …
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