Pakistan News

The benchmark index of the Pakistan Stock Exchange (PSX) continued its record shattering bullish run on Monday and closed in on the milestone of 60,000 points. According to the PSX website , the KSE-100 index had recorded marginal gains until noon. However, at 1:11pm, it witnessed a sudden surge of 563.58 points, or 0.95 per cent, from the previous close of 59,086.35. In the previous session on Friday, the benchmark KSE-100 index had touched a new record of 59,100 points, thanks to excellent corporate profits, reduced economic volatility, the successful conclusion of a staff-level IMF deal, expectations of a post-poll ‘stable’ government and optimism about the early reversal of monetary tightening, share prices have jumped rapidly in the last three months. Regarding the rally today, Raza Jafri, head of equity at brokerage company Intermarket Securities, said, “The banking sector is leading the rally with the sector’s outlook improving in tandem with the economy.” He highlighted tha...

EDMONTON — There is some irony that an Edmonton Oilers team that started the season so slowly it got its coach fired, is at the same time the best first period team in the National Hockey League with 31 goals. The fastest starters, this bunch of tardy gentlemen.  But there were the Edmonton Oilers on a Sunday night against Anaheim, down 1-0 early, then 2-1, against one of a group of teams they’ll have to work their way past in the Western Conference standings if the season is going to extend past mid-April.  For the past month, an early 2-1 deficit most often continued south, getting uglier and uglier as the night wore on. But two nights after the Oilers had pounded the Washington Capitals 5-0 down in D.C., Edmonton grabbed hold the game and won it in a romp, dusting the Ducks 8-2.  NHL on Sportsnet Livestream Hockey Night in Canada, Scotiabank Wednesday Night Hockey, the Oilers, Flames, Canucks, Leafs, out-of-market matchups, the Stanley Cup Playoffs and the N...

India’s military brought in specialised equipment on Sunday as efforts to free 41 trapped workers entered a third week, with digging ongoing in three directions after repeated setbacks to the operation. The Indian Air Force said on Sunday that they were “responding with alacrity”, as they flew in their third load since the partial collapse of the under-construction Silkyara road tunnel on November 12 in the Himalayan state of Uttarakhand. Rescue officials said they called for a superheated plasma cutter to be brought to the remote mountain location after engineers driving a metal pipe horizontally through 57 metres of rock and concrete ran into metal girders and construction vehicles buried in the earth. A giant earth-boring machine snapped just nine metres from breaking through. The plasma cutter will be used to remove the broken giant earth-boring drill and metal blocking the horizontal route, before digging will continue by hand. Vertical shaft Thick metal girders in th...

China’s health ministry on Sunday urged local authorities to increase the number of fever clinics as the country grapples with a surge in respiratory illnesses in its first full winter since easing Covid-19 restrictions. The spike become a global issue last week when the World Health Organisation asked China for more information, citing a report on clusters of undiagnosed pneumonia in children by the Program for Monitoring Emerging Diseases. China and the WHO have faced questions about the transparency of reporting early in the pandemic, which emerged in the central Chinese city of Wuhan in late 2019. The WHO said on Friday no new or unusual pathogens had been found in the recent illnesses. National Health Commission spokesperson Mi Feng said on Sunday the surge in acute respiratory illnesses was linked to the simultaneous circulation of several kinds of pathogens, most prominently influenza. “Efforts should be made to increase the number of relevant clinics and treatment areas,...

The police have registered a first information report (FIR) but failed to make any arrests a day after nearly a dozen people were killed in a massive fire at a commercial high-rise building in Karachi’s Gulistan-e-Jauhar area. At least 11 people died while five others were injured after a blaze erupted inside the R.J. Shopping Mall at 6:20am yesterday because of a suspected short circuit. The fire began on the fourth floor due to short circuit and later engulfed other floors. According to officials, the deaths occurred beca­use the building had no ventilation. Today, the police registered a case at the Sharea Faisal police station. It stated that an inspection of the site revealed that the six-storey building did not have an emergency exit or a fire alarm system and it was suspected that the blaze erupted due to a short circuit. It elaborated that after the fire broke out, people stuck inside the building tried to flee using stairs and lifts, resulting in suffocation. The FIR, a ...

Apparently, beating the San Jose Sharks does get old for the Vancouver Canucks . The Canucks’ 11-game winning streak against the Sharks ended Saturday in San Jose with a 4-3 loss, 23 days after Vancouver embarrassed the same opponent 10-1 at SAP Center. It was the Canucks’ first loss against their Pacific Division rivals in nearly four years, but Vancouver’s fourth loss in six games against all competition. It was also the Canucks’ seventh game in 11 nights, and came after a 5-1 win Friday night in Seattle. The National Hockey League schedule maker, who has always seemed a little fuzzy on geography west of Chicago, had the Canucks arriving at their San Jose hotel just after 2 a.m. Saturday morning. The Canucks climbed within a goal at 16:49 of the third period when Brock Boeser scored on a rebound with his team skating six-on-five, and had a couple of sparkling looks to tie it. J.T. Miller sent a point-blank rebound over the net with 20 seconds to go in a third period that saw Vanc...

Khawar Maneka, the ex-husband of PTI Chairman Imran Khan’s wife Bu­­s­h­ra Bibi, on Saturday filed a case against the former prime minister and first lady over the allegation of fraudulent marriage and fornication. The development comes a day after a petitioner in a similar case withdrew his plea, citing technical reasons. Earlier this week, Maneka had held Imran responsible for ruining his married life before eventually marrying Bushra Bibi himself. The allegations were met with strong criticism from PTI leaders who questioned the moral necessity of Maneka’s interview, while their PML-N adversaries used the same to sling mud at the former premier. Maneka submitted a private complaint today against the husband and wife in the court of Islamabad East Senior Civil Judge Qudratullah under Sections 34 (common intention), 496 (marriage ceremony fraudulently gone through without lawful marriage) and 496B (fornication) of the Pakistan Penal Code. During the hearing, he also submitted...