US Fed Cuts Interest Rates by 25 Basis Points

In a widely anticipated move, the US Federal Reserve has cut its federal funds rate by 25 basis points, bringing it down to a range of 4.50%-4.75%. This marks the Fed’s second consecutive rate cut, as policymakers grow more confident that inflation is gradually approaching their target of 2%. Inflation Expectations Drive Rate Cut The …

Deepika, Ranveer Criticized for Choosing ‘Dua’ Over Hindu Name

Bollywood celebrities Deepika Padukone and Ranveer Singh are facing social media backlash over the name they chose for their newborn daughter. Padukone gave birth to their daughter in September, and the couple introduced her to the world by sharing a picture on Diwali, a significant Hindu festival. The name they selected, Dua, meaning “prayer” in …

Loss of $25 Million in Exports Due to NGOs’ Anti-National Campaign

Pakistan’s economy took a hit after losing a $25 million export order due to a anti-national campaign led by NGOs against cigarette exports. The campaign, coupled with delays in issuing a crucial Statutory Regulatory Order (SRO), resulted in the cancellation of a lucrative contract. Bangladesh swiftly capitalized on Pakistan’s delay, securing the $75 million annual …

ECP Fines Jamaat-e-Islami’s Hafiz Naeemur Rehman for Code Violation

KARACHI: The Election Commission of Pakistan (ECP) imposed a fine on Jamaat-e-Islami (JI) Ameer Hafiz Naeemur Rehman on Thursday for violating the election code of conduct. Violation of Election Guidelines Hafiz Naeem, who is also the UC Chairman of North Nazimabad’s UC No.08, was found guilty of participating in a political event ahead of the local …

KSE-100 Index Rebounds, Gains 500 Points

KARACHI: The KSE-100 index of the Pakistan Stock Exchange (PSX) made a strong recovery on Thursday, rising by nearly 500 points at market close. The index gained 499.05 points, or 0.54%, to end at 92,520.49 points. This marked an improvement from the previous day’s closing of 92,021.44 points. Trading Volume and Value A total of …

Pakistan Sets Sights on Expanding Modern IT Parks

Pakistan is set to establish a network of modern IT parks. These parks aim to provide young professionals with the resources to launch their innovative ideas. The goal is to boost the national economy and support digital growth. The IT parks will serve as incubators for start-ups and entrepreneurs. They will offer space and infrastructure …

Turkiye Requires Visa for Pakistani Tourists

Karachi: Pakistani citizens must secure a Turkish visa before traveling to Turkiye for tourism purposes. Visitors without a valid visa will be denied entry, as Turkiye enforces strict visa regulations for Pakistani nationals. Turkiye has become a top choice for Pakistani travelers due to its rich cultural heritage, luxurious resorts, and vibrant entertainment options. Historical …

Emirates Group Reports Record Half-Year Profits Amid Strong Customer Demand

Karachi: Emirates Group has announced a record-breaking financial performance for the first half of the fiscal year, achieving a profit before tax of AED 10.4 billion (US$ 2.8 billion). This marks a 1% increase from the previous year, despite the new UAE corporate income tax. Total revenue rose by 5% to AED 70.8 billion (US$ …

Pakistan’s Foreign Exchange Reserves Dip Below $16 Billion

Karachi: Pakistan’s foreign exchange reserves fell below the $16 billion mark this week, as reported by the State Bank of Pakistan (SBP). The decline marks a $117.2 million drop in total reserves within just one week, indicating ongoing financial pressures. The State Bank announced that as of November 1, total reserves stood at $15.9318 billion, …

PGC Incident: Woman Posing as ‘Mother of Victim’ Sent on Physical Remand

LAHORE: An Anti-Terrorism Court (ATC) on Thursday extended the physical remand of a woman accused of spreading fake news about an alleged rape at a private college in Lahore. The accused, identified as Sara Khan, reportedly posed as the mother of the supposed victim and shared false claims on social media, inciting public outrage and …

Overseas Pakistani Group Offers Rs 1.25 Trillion for PIA Privatization

ISLAMABAD: In a major development, overseas Pakistani investment group Al-Nahang has offered over Rs 1.25 trillion for the privatization of Pakistan International Airlines (PIA). This bold move comes as PIA faces deep financial struggles and increasing privatization talks. Al-Nahang sent their proposal via email to several high-ranking officials, including the Minister of Privatization, the Minister …

PM Shehbaz Sharif Commits to Gilgit-Baltistan’s Development

ISLAMABAD: Prime Minister Shehbaz Sharif emphasized on Wednesday that the federal government is committed to supporting the people of Gilgit-Baltistan (GB). The region’s development is among the government’s top priorities. PM Shehbaz chaired a special meeting of the GB cabinet during his daylong visit to Gilgit. He was accompanied by several federal ministers, including Ahsan …

New Study Warns Ultra-Processed Food May Accelerate Aging

A new study suggests that popular breakfast ultra-processed food may speed up the aging process. While many opt for “healthy” breakfasts like fruit yogurt or toast, research from the Scientific Institute for Research, Hospitalization, and Healthcare (IRCCS) in Italy highlights a hidden danger in these choices. In the U.S., ultra-processed food, such as packaged snacks, …

AI Detects Breast Cancer Early for Woman After Routine Scan

A woman from Littlehampton, West Sussex, is “deeply grateful” to artificial intelligence (AI) for detecting her breast cancer. Sheila Tooth, 68, had a routine mammogram at University Hospitals Sussex NHS Foundation Trust (UHSussex). While her scan had previously been given the all-clear, AI technology identified cancerous cells that were almost undetectable by human readers. Sheila …

Wall Street Surges as Trump Wins Election

LONDON: Wall Street rallied to new highs on Wednesday, while the dollar and Bitcoin surged, as markets responded to Donald Trump’s return to the White House. The former president defeated Vice President Kamala Harris, marking a dramatic political comeback four years after his previous loss to Joe Biden. U.S. Stock Markets Rally The Dow Jones …

KP Honey Exports Enter Malaysian Market

ISLAMABAD: Sidr honey from Khyber Pakhtunkhwa (KP) has reached Malaysia for the first time. This shift from traditional Middle Eastern markets brings hope for growth in KP’s honey industry. The beekeeping sector, however, has faced limited expansion in recent years. The export to Malaysia marks a significant step for KP’s honey industry. Historically, KP has …

Pakistani Leaders Congratulate Trump on Election Victory

ISLAMABAD: As Republican candidate Donald Trump emerged victorious in the U.S. presidential election, Pakistani leaders extended their congratulations to the president-elect on Wednesday. Prime Minister Shehbaz Sharif, among the first to respond, congratulated Trump on his second term. “Congratulations to President-elect Donald Trump on his historic victory for a second term,” PM Shehbaz shared on …

Tim Walz Thanks Harris for Support in the Presidential Campaign

Minnesota Governor Tim Walz, running mate to Vice President Kamala Harris, expressed heartfelt thanks to Harris for her trust and support throughout their campaign. Although they did not secure the presidency, Walz took to X (formerly Twitter) to convey his gratitude and pride in campaigning alongside her. “Campaigning at your side was the honor and …

COAS Meets Saudi Crown Prince on Defence Cooperation

RIYADH: Chief of Army Staff (COAS) General Syed Asim Munir met with Crown Prince and Prime Minister of Saudi Arabia, Muhammad Bin Salman, to discuss defence and security cooperation. The discussions, held at the Royal Palace, focused on strengthening ties in regional peace and security, alongside enhancing bilateral relations. Warm Welcome at the Royal Palace …

Israeli Strikes on Lebanon Claim 38 Lives Near Baalbek

BEIRUT: Israeli airstrikes killed at least 38 people in Lebanon’s Bekaa Valley near the eastern city of Baalbek on Wednesday. The regional governor confirmed the casualties, and additional strikes targeted southern suburbs of Beirut as dusk fell. Escalating Tensions Amid the Gaza Conflict The Israeli military and Hezbollah have been engaged in cross-border fire for …

NASA’s Parker Solar Probe Set for Historic Flyby

Today marks a significant milestone in space exploration as NASA’s Parker Solar Probe completes its seventh swing past Venus. This flyby will be the probe’s final maneuver around the planet before it embarks on its journey to within 3.8 million miles of the sun’s surface. This will make the Parker Solar Probe the closest human-made …

The Rise of Protein-Centered Diets, Is It Worth the Hype?

If you’ve scrolled through social media recently, chances are you’ve encountered numerous influencers promoting protein-centered diets. From keto to carnivore, these diets often focus on protein-heavy meals, with people sharing recipes and weight-loss stories. But where did this obsession with protein come from, and is it really necessary? Dietitians are warning that the obsession with …

Japanese Researchers Test Wooden Satellite for Sustainable Space Exploration

Space exploration faces a growing sustainability issue. Most satellites are made of aluminum, and when they re-enter Earth’s atmosphere, they burn up, releasing harmful chemicals, including aluminum oxides. These chemicals could harm the ozone layer. The problem is worsening as more satellites are launched each year. To address this, Japanese researchers developed a wooden satellite …

Exit mobile version