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Today News

07

Business leaders in Karachi give PM food for thought

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KARACHI: As Prime Minister Shehbaz Sharif sat down with the business community to find ways to uplift the economy through exports, his resolve was met with apprehensions from industry leaders who said it was “almost impossible” to do…

‘IMF surcharges on borrowings exacerbate global inequities’

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BENGALURU: Countries, mostly middle and lower-income, have been burdened by surcharges on top of interest payments on their borrowings from the International Monetary Fund (IMF), widening global inequities, according to a report by US…

06

PTI faces yet another challenge to intra-party elections

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ISLAMABAD: The Election Commission of Pakistan (ECP) has accepted another plea against the PTI’s intra-party elections, sources told Dawn on Wednesday.

Israel pummels Gaza after US approves military aid

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GAZA STRIP: Israeli warplanes pounded the northern Gaza strip for a second day on Wednesday in a fierce assault that has shattered weeks of comparative calm, and Israel said it was moving forward with plans for an all-out assault on Rafah…

Bill to recover Rs2.7tr held up in tax litigation

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ISLAMABAD: A day after Finance Minister Muhammad Aurangzeb called for broadening the tax net and expressed concerns over the delay in the cases of tax recoveries, the government on Wednesday tabled a bill in the National Assembly to…

Two miners die in Duki after inhaling poisonous gas

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QUETTA: Two workers died after inhaling poisonous gas while working deep inside a coal mine in Duki district of Balochistan on Wednesday.

SCBA, govt dragging feet on response to meddling issue

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ISLAMABAD: Disquiet is gro­wing within the ranks of the Su­­p­reme Court Bar Association (SCBA) over the indecision on its response to a letter, written by six judges of the Islamabad High Court, alleging meddling in judicial affairs by…

T-bills more attractive bet than equities

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KARACHI: Domestic bonds have proven more attractive to foreign investors than the record-breaking equity market during the first nine days of the current month.

Sugar prices surge amid reports of export ‘permission’

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KARACHI: Domestic sugar prices have risen by Rs10 to Rs150-150 per kg in different parts of the country amid reports that the government is under pressure from millers to allow the export of one million to 1.5 million tonnes of the…

MCB Bank profit increases 27pc

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KARACHI: MCB Bank on Wednesday reported a 27 per cent increase in its profit-after-tax (PAT) to Rs16.6 billion translating into earnings per share (EPS) of Rs13.97 in the first quarter of the current calendar 2024.

Regulator approves Rs392bn investment plan for K-Electric

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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday approved a Rs392 billion investment plan for K-Electric’s transmission and distribution network to reduce system losses and meet demand growth over the next…

Dairy exports to China on the cards

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LAHORE: Pakistan will soon start exporting dairy products to China through a state-of-the-art farm developed in Sheikhupura, says Punjab Livestock Secretary Masaud Anwar.

05

Drug court hands down prison terms, fines in rare verdict

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ISLAMABAD: Considered to be one of the first cases in the history of Pakistan, the Rawalpindi Drug Court has awarded imprisonment and heavy fines to the CEO and other employees of a pharmaceutical company in a case involving a medicine…

Wednesday, Apr 24

21

Pakistan suffers more due to Afghan problem than wars with India: Ambassador Durrani

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Pakistan’s Special Representative on Afghanistan Ambassador Asif Durrani said on Wednesday that the former has suffered more due to the latter’s internal situation than its three wars with India in terms of blood spilt and finances drained.

Blinken back in China seeking pressure but also stability

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US Secretary of State Antony Blinken returned to China on Wednesday on his second visit in a year, as the United States ramps up pressure on its rival over its support for Russia while also seeking to manage tensions with Beijing.

20

Karakoram Highway blocked as protesters demand compensation promised for Diamer Bhasha Dam

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Affectees of Gilgit-Baltistan’s Diamer Bhasha Dam blocked the Karakoram Highway (KKH) on Wednesday in protest against Wapda for failure to pay compensation promised to them for leaving their lands for the dam’s construction.

19

US Ambassador Blome optimistic on Pak-IMF talks, says positive feedback to encourage investors

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US Ambassador to Pakistan Donald Blome on Wednesday expressed optimism about ongoing negotiations between Pakistan and the International Monetary Fund (IMF), saying that positive feedback from the Fund would serve to encourage investors,…

IHC’s Justice Kayani questions whether self-accountability exists in intelligence agencies

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Islamabad High Court senior puisne judge Justice Mohsin Akhtar Kayani questioned on Wednesday whether self-accountability existed in intelligence agencies.

18

UAE announces $544m for repairs after record-breaking rains

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The United Arab Emirates announced $544 million to repair the homes of Emirati families on Wednesday after last week’s record-breaking rains caused widespread flooding and brought the oil-rich Gulf state to a standstill.

17

Repolling delayed in Balochistan’s Kohlu after landmine explosion injures 2

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Repolling in the Kohlu district of Balochistan for the PB-9 constituency could not take place on Wednesday after a landmine exploded and rockets were fired at a polling station, according to the deputy commissioner.

13

May 9 riots: 6-member SC panel seeks larger bench for appeals against military trial verdict

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A six-member bench of the Supreme Court on Wednesday decided that a larger bench should hear a set of intra-court appeals (ICAs) against the court’s Oct 23 unanimous ruling that had nullified the military trials of civilians involved in…

Iran, Pakistan agree to ‘expeditiously finalise’ free trade agreement: joint statement

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Tehran and Islamabad agreed to “expeditiously finalise” a Free Trade Agreement (FTA), a joint statement said on Wednesday as Iranian President Ebrahim Raisi concluded his three-day official visit to Pakistan.

11

Bill to ban TikTok in US clears Congress

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The United States Senate on Tuesday approved legislation requiring the popular social media app TikTok to divest from its Chinese parent company ByteDance or be shut out of the US market.

PM Shehbaz on maiden visit to Karachi since assuming office for second time

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Prime Minister Shehbaz Sharif on Wednesday arrived in Karachi on a day-long visit, where he is expected to hold meetings with the Sindh chief minister and governor, state-run Radio Pakistan reported.

10

Gaza protests grow at US colleges, thousands demonstrate in Brooklyn

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Protests against Israel filled streets in Brooklyn and escalated at universities across the United States, some of which included Jewish Passover Seders, as demonstrators demanded an end to civilian casualties in Gaza.

KSE-100 index breaches 72,000, creates new all-time high

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Bulls returned to the trading floor at the Pakistan Stock Exchange (PSX) as shares climbed more than 700 points on Wednesday to breach the key 72,000 level for the first time.

PM suspends commissioner inland revenue, others for delaying tax cases

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ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday took notice of the “willful” delay in tax cases and ordered suspension of the commissioner inland revenue Islamabad and other relevant officials.

09

Complete ban on plastic bags to be enforced from June 5 in Punjab

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RAWALPINDI: Pakistan Environment Protection Agency (Pak-EPA) Punjab reiterated its commitment to eliminate plastic bags from the district, announcing a complete ban on the use of all types of shopping bags and polythene bags from June 5.

Trump accused of wilful violations of gag order

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NEW YORK: Prosecutors on Tuesday accused Donald Trump of brazenly and repeatedly violating a gag order imposed by the judge presiding over his “hush money” trial to prevent him from intimidating witnesses.

Maldives vows to send Indian troops home

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MALE: The Maldives will press on with Chinese-backed construction and evict Indian troops from the strategically placed atoll nation, President Mohamed Muizzu’s office said on Tuesday, two days after his party’s stunning parliamentary…