City Karachi Financial News

Traders in Pakistan are observing a daylong strike by shutting down their businesses in all major cities and urban areas to protest a rise in electricity costs and new taxes imposed on shop owners

Nari Hira, the founder and editor of Stardust Magazine, passed away on August 23 at age 86. Known as a significant figure in the Indian media industry, Hira pioneered in publishing popular magazines and ventured into film production, leaving a lasting impact on the media landscape. Hira's family expressed their deep sorrow in a statement, «It is with deep sorrow that we share the news of his passing, a pioneer in print media, a family man and father beyond compare, he leaves us behind heartbroken in his absence.» Born in 1938 in modern-day Karachi, Hira and his family moved to Mumbai following the partition in 1947. He started his career as a journalist in the 1960s but shifted focus to publishing, where he earned the moniker 'King of Indian Magazines.'

Pakistan-Bangladesh Test series has generated a lot of buzz. With ticket prices starting as low as PKR 50 or Rs 15, some netizens are saying that Pakistan Cricket Board should have distributed tickets for free, instead of pricing it at the rate of a samosa. This two-match Test series is a key fixture in the ICC World Test Championship 2023-25. The series kicks off with the first Test at the Rawalpindi Cricket Stadium (RCS) from August 21-25. The second Test will be held at the National Bank Stadium (NBS) in Karachi from August 30 to September 3.

Bangladesh will travel to Pakistan ahead of schedule to hold practice sessions in Lahore before their two-test bilateral series, the Pakistan Cricket Board (PCB) said late on Saturday. Ongoing political turmoil in Bangladesh has disrupted the team's training, local media reported. Prime minister Sheikh Hasina fled the country following weeks of protests, with an interim government led by Muhammad Yunus taking charge. The Bangladesh Cricket Board did not immediately reply to a request for comment on reports practice session has been disrupted by the unrest.

Pakistan's ethnic Baloch protestors have decided to call off a nearly week-long sit-in in the coastal city of Gwadar against alleged human rights violations in the resource-rich Balochistan province after «successful negotiations» with the provincial government, the authorities said on Friday. The Baloch Yakjehti Committee (BYC) had been holding protests at the city's Marine Drive area against the alleged human rights violations, enforced disappearances and alleged extrajudicial killings in Balochistan. Balochistan's interior minister Mir Zia Ullah Langov held talks with BYC leader Dr Mahrang Baloch, a young woman from the province, and the two sides signed a seven-point agreement. «Negotiations between the Baloch Yakjehti Committee and the district administration have been successful and the organisers of the committee have agreed to end their sit-ins across the province,» Langov said in a statement.

Karachi: The Pakistan Cricket Board wants the BCCI to provide written proof of the Indian government's denial of permission in case the team refuses to come here for next year's Champions Trophy citing a travel ban on security grounds, a PCB source has said. The host Board also wants the matter to be sorted as soon as possible, given that the tournament is scheduled in February-March. While the ICC annual conference will be held in Colombo on July 19 doesn't have any discussion on 'Hybrid Model' about India playing their games in the UAE on its agenda, the global body as usual has earmarked additional fund in case it becomes a two-country tournament. «If the India government declines permission, it has to be in writing and it is mandatory on the BCCI to provide that letter to the ICC now,» the PCB source working closely with organizing committee told PTI.

The development did little to dim the optimism around the nation’s equities, which are the best performers in Asia in dollar terms after rising over 30% this year on support by the International Monetary Fund. The benchmark KSE-100 index rose as much as 0.7% on Thursday to a fresh record.

Lal Krishna Advani was admitted to Apollo Hospital on Wednesday night, according to the PTI sources. This comes just days after the 96-year-old former deputy prime minister was discharged from the All India Institute of Medical Sciences (AIIMS) following a night-long stay. «Advani is stable and under observation,» a hospital source reported. «He has been admitted under Dr. Vinit Suri, a senior consultant in Neurology.» The source added that he was admitted around 9 pm. Details regarding Advani's ailment were not immediately available. He was undergoing treatment in the department of urology.

PTI quoted an ICC board member as saying.Pakistan will host the ICC event from 19 February to 9 March, while 10 March has been kept as a reserve day for the final ICC event.With details pouring in, India has been placed in Group A with Pakistan, Bangladesh, and New Zealand, while Australia, South Africa, England, and Afghanistan are in Group B.Earlier, PCB chairman Mohsin Naqvi – invited to watch the T20 World Cup final in Barbados – had submitted a 15-match schedule with all of India's games kept in Lahore for security and logistical reasons, added the PTI report."The PCB has submitted the draft of the 15-match ICC Champions Trophy. Seven games in Lahore, three in Karachi and five in Rawalpindi," PTI's ICC source said."The opening match will be held in Karachi with two semifinals in Karachi and Rawalpindi, final in Lahore.

Sports Tak on 6 July, the Men in Blue will not travel to Pakistan for the ICC Champions Trophy that will begin from 19 February to 9 March.“While the details of the tournament have not yet been discussed, it is highly unlikely that the Indian team will travel to Pakistan. Ultimately, the decision rests with the Indian government.

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veteran leader of the Bharatiya Janata Party, Lal Krishna Advani, was admitted to the All India Institute of Medical Sciences (AIIMS) on Thursday. The BJP leader is stable and under observation, according to doctors. He was recently conferred with Bharat Ratna by President Draupadi Murmu on March 30, 2024.

DSP) stationed at Karachi's Anti-Vehicle Lifting Cell (AVLC) was caught in the act of selling stolen motorcycles, ARY News reported. A sting operation unfolded at the AVLC office, conducted by the ARY News exposing DSP Nijabat Hussain's illicit activities.

Indian Express, citing food safety officials.The awful findings came to light after Telangana’s food safety department conducted inspections at some of the famous eateries.ALSO READ: Karachi Bakery expired products: Hyderabad store found violating regulations“Most shocking is the lack of basic hygiene in the kitchens, the use of products beyond their expiry date, and the mixing of prohibited synthetic colours in food preparations. Some of the kitchens had big garbage cans without lids," said Vijay Kumar, deputy food director at the Commissionerate of Food Safety, Telangana, as per the report.However, restaurants claim that they prepare meals in hygienic conditions.During the inspection at Shah Ghouse restaurant, the food safety officials claimed to have found semi-cooked food kept in unhygienic conditions in cold storage and stagnant water in the kitchen.ALSO READ: McDonalds, Theobroma outlets in Noida under FDA scanner after customer falls illHowever, the restaurant manager said: “No customer has ever complained of bad food at our restaurant," as per the report.The officials also claimed that they found insects in flour and tamarind at Rayalaseema Ruchulu; and from Rameshwaram Cafe, expired 100 kg urad dal and 10 kg curd were seized.“The waste bins in the kitchen were not covered.

Karachi, Talat Hussain, one of Pakistan's most accomplished and celebrated actors, died on Sunday at a private hospital here following a prolonged illness. He was 83. A radio, TV, theatre, and cinema veteran, Hussain was known for serials such as «Bandish», «Karwaan», «Hawain» and «Parchaiyan» as well as movies «Chiragh Jalta Raha», «Gumnaam», «Actor in Law» and Indian film «Sauten Ki Beti». Arts Council of Pakistan (ACP) Karachi President Ahmed Shah confirmed the news of Hussain's death, adding that the actor had long been undergoing treatment at a private hospital in Karachi. «An acclaimed actor like Talat Hussain is born after centuries,» he said.

A university student killed two suspected muggers in a gun battle near New Sabzi Mandi in Karachi on Superhighway in the early hours of Wednesday, Dawn reported, citing police and his relatives.

Karachi, by mentioning India's moon landing mission. The Muttahida Quami Movement Pakistan (MQM-P) leader said that while India is landing on the moon, Karachi is making news of children being killed by falling in open gutters.

Mumbai once had the dubious distinction of being Asia's largest slum. Then, an embarrassed Mumbai Municipal Corporation claimed Orangi in the Pakistani port city of Karachi has inherited that rather ignominious moniker. However, Dharavi still is home to a very large number of people — more than half a million — jostling for meagre resources on a relatively tiny patch of land — of about 550 acres. And, the area remains central to the outcome of the parliamentary polls in the Mumbai South Central seat. Dharavi is populated largely with 50 to 70 square foot homes, interspersed with leather and plastic recycling and pottery and other small-scale units. Successive state governments for several decades have been promising to redevelop Dharavi, which is part of the Mumbai south central constituency.

Karachi...," Kamal, a leader of Muttahida Quami Movement Pakistan (MQM-P), said in his speech. The MQM-P leader posted a video of his speech during Pakistan's National Assembly session on Facebook on Wednesday. WATCH VIDEO HERE: Mustafa Kamal said this in reference to the successful Chandrayaan-3 mission launched by India in August last year.

Arab News. It wasn't long before large crowds were attracted to her stall. Today, Kavita's food stall is among Karachi's most famous food joints.

Pakistan shot up to 10 per litre after the city's commissioner approved a hike, acceding to the demands of the Dairy Farmers Association, ARY News reported. As per the commissioner's directives, the price of milk has surged by PKR 10 per litre, with shops in Karachi now selling milk at PKR 210 per litre.