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The Pakistan Stock Exchange (PSX) has officially delisted Engro Corporation Limited (ENGRO). The delisting took effect on Tuesday, January 14, 2025. The PSX announced the delisting in a formal notification. The decision follows the implementation of a Scheme of Arrangement. This scheme involved the merger of Engro Corporation Limited (ENGRO) with Engro Holdings Limited (ENGROH). …
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The Federal Cabinet has approved revised agreements with 14 Independent Power Producers (IPPs). The meeting, chaired by Prime Minister Shehbaz Sharif in Islamabad, endorsed a proposal to cut the profit and costs of these IPPs by 802 billion rupees. A deduction of 35 billion rupees will be made from the additional profits earned by IPPs …
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The Pakistan Cricket Board (PCB) has appointed former Test spinner Abdur Rehman as the spin bowling coach for the national men’s team. This marks his first stint as a spin bowling coach for the men’s side, though he previously worked with the Pakistan women’s cricket team. The national team, under the captaincy of Shan Masood, …
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Governor Sindh, Kamran Tessori, has expressed anger over the disappearance of 7-year-old Sarim from New Karachi. The boy has been missing for eight days, and the lack of progress in his recovery has drawn criticism. Governor Tessori took notice of the case and contacted SSP Central, Zeeshan Siddiqui. He received a briefing on the matter. …
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The World Bank has committed $20 billion to Pakistan under a 10-year Country Partnership Framework (CPF). The decision was approved with 19 out of 24 directors voting in favor. This significant financial support aims to address key developmental challenges in Pakistan and boost the country’s economic stability. Approximately three-quarters of the $20 billion will be …
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Amanda Palmer, musician and artist, faces backlash as new sexual misconduct allegations surface against her husband, author Neil Gaiman. Critics accuse Palmer of enabling Gaiman’s alleged abusive behavior, sparking heated debates about complicity and accountability. Fresh Allegations Against Neil Gaiman On January 13, 2025, Vulture reported that four women have accused Neil Gaiman of sexual …
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Tulip Siddiq, the UK’s anti-corruption minister, has resigned following scrutiny over her financial ties to her aunt, Sheikh Hasina, the ousted prime minister of Bangladesh. Her resignation has sparked concerns about transparency and accountability within the government. Resignation Amid Investigation Siddiq, 42, stepped down on Tuesday, stating her position could become a distraction for the …
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The ICC Men’s Champions Trophy is back after an eight-year break, and cricket fans around the world are buzzing with excitement. In a thrilling new promotional video, cricket legend Wasim Akram showcases the iconic white jacket, a symbol of ultimate greatness in the sport. The eight competing teams are set to go “All On The …
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A ceasefire in the Israel-Hamas conflict appears closer than ever, with Qatar confirming that negotiations are in their “final stages.” The 15-month-long war has devastated Gaza, killing over 46,000 Palestinians and injuring nearly 110,000, according to the Gaza Health Ministry. Despite the progress, experts caution that the deal is not yet finalized. Mediation Efforts Intensify …
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Karachi: In the global market, gold prices decreased by $14, bringing the rate to $2,661 per ounce. Meanwhile, in the local Sarafa (jewelry) market, the price of gold fell by Rs. 1,400 per tola, now standing at Rs. 277,900 per tola. Similarly, the price of 10 grams of gold dropped by Rs. 1,201, reaching Rs. …
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