City Karachi Financial News

Anand Mahindra tweeted. The Indian Navy celebrates Navy Day on December 4 to commemorate "Operation Trident," the Navy's audacious attack on Karachi harbour during the 1971 War.

Pakistani rupee is set to end the year as Asia’s worst-performing currency and the losses are seen extending into 2024. The currency has fallen about 20% against the dollar this year and analysts say its troubles are far from over. BMI expects the currency will weaken to 350 rupees per dollar by the end of next year, while Karachi-based brokerage Topline Securities Ltd.

shopping mall in Pakistan’s commercial capital of Karachi, officials said. More than 60 people were inside the mall when the fire broke out on the fourth floor of the six-storey building in the southern port city. “Our rescue workers have taken 11 dead bodies to hospitals so far,” said Shahid Hussain, a spokesman for the Chippa welfare organisation, which runs a rescue service. He said 35 people were injured, with seven of them in serious condition.

Pakistan's commercial capital of Karachi, officials said.

IndiGo on Thursday said its flight from Jeddah to Hyderabad was diverted to Karachi on Wednesday due to medical emergency for a passenger who was declared dead on arrival. After completing the formalities, the flight landed in Hyderabad on Thursday morning.

Indian fishermen who were recently released from a jail in Pakistan have been handed over to BSF authorities at the Attari-Wagah border here, officials said on Saturday. The Pakistan government on Thursday released 80 Indian fishermen from the Malir jail in Karachi.

hazardous air quality. «The government has decided to close down markets for four days from 9 to 12 November in the major cities of Punjab because of smog on the advisory of the health department,» said Amir Mir, the information minister for Punjab, home to more than 110 million people.

Narendra Modi today extended birthday greetings to senior BJP leader and former Deputy Prime Minister Lal Krishna Advani. "Birthday greetings to LK Advani Ji. He is a beacon of integrity and dedication who has made monumental contributions that have strengthened our nation.

Air India Express spokesperson, the incident occurred when a passenger on board the Dubai-Amritsar flight experienced a severe medical complication during the journey. «A guest on board our Dubai-Amritsar flight had a sudden medical complication inflight, and the crew opted to divert to Karachi, given that it was the closest location to provide immediate medical assistance,» said the spokesperson.

Commander Inder Singh (retired), who famously sank the Pakistani submarine PNS Ghazi during the 1971 war, passed away on Monday night in Haryana. He was cremated on Tuesday at Rambagh on the Sheela bypass with full state honours.

Click here! Concluding its letter, SCBAP Secretary M Akhtar Shabbir added, "We believe that fostering interactions between our legal communities can significantly contribute to improving bilateral relations between our countries". However, this is not the first time an invitation or a letter has been written to India.

Pakistan is seeking discounts in oil imports from Russia and has urged Moscow to strike a long-term oil deal while remaining within the price cap at USD 60 per barrel, a media report said on Friday. Pakistan, which is currently grappling with high external debt and a weak local currency, is hoping that snapping crude at discounted rates from Russia will stabilise oil prices in the country, The Express Tribune newspaper reported. «Pakistan wanted Russia to set a benchmark of USD 60 dollars per barrel 'free on board' (FOB) — the actual price charged at the port — to import crude oil on a long-term basis.

Rahman, a prominent cleric associated with Lashkar-e-Taiba, was gunned down while on his routine evening walk. As per a TOI report, the unidentified assailants, riding motorcycles, unleashed a barrage of bullets upon their target, leaving the Pakistan's ISI puzzled.

Also Read: Pakistan vs Sri Lanka Highlights: Sri Lanka beat Pakistan by 2 wickets, will meet India in final In the aftermath of Pakistan's defeat and exit from the Asia Cup, social media has been abuzz with reactions from fans. Indian supporters have been humorously trolling the Babar Azam-led team with memes and jokes.

KARACHI (Reuters) -Pakistan's central bank kept its key interest rate unchanged at 22% on Thursday, surprising analysts who had been expecting it to try to tame inflation and support the rupee with an increase of at least 150 basis points.

Russia-Ukraine crisis, though it stopped short of direct condemnation. From a Karachi resident's perspective, India's effective hosting of the summit signals not only an honour for the nation but also a potentially significant economic boost. This sentiment contradicts the usual rivalry between the neighbouring countries and acknowledges India's growing importance on the world stage.

Pakistani traders have staged strikes across the country against the soaring cost of living, including higher fuel and utility bills and record depreciation of the rupee against the dollar

Uday Kotak has stepped down as the Managing Director and Chief Executive Officer of Kotak Mahindra Bank, the bank he started in 1985, which is India's third-largest private lender by market value. «An investment of ₹10,000 with us in 1985 would be worth around ₹ 300 crore today,» Kotak said. That's the measure of the miracle wrought by Kotak. Rarely in the world has such a vast financial services conglomerate come up within one generation.

Pakistan Caretaker Prime Minister Anwarul-Haq-Kakar called the matter of inflated electricity bills, which have led to the countrywide protests, a «non-issue», Dawn News reported on Saturday.Kakar also said it was raised by some political parties and was a «tool» in their election campaigns. «It is not a very serious issue, but political parties are in election mode and using it as a social cause,» the interim prime minister told senior journalists and news anchors on Friday. «I realise their position. If I were to contest the election, I would have followed the same as well,» he added. As per the Dawn News, the caretaker PM also claimed that the security forces are not using a single unit of free electricity and are paying their bills with the allocated financial budget. He added that the Wapda employees were using free electricity units and their usage would be rationalised, especially for higher-grade officers, some of whom are getting huge amounts of free electricity. More people are joining the nationwide protest every day against excessive electricity prices.

Also read: WHO flags 7 India-made syrups in its probe on contaminated medicine causing 300 deaths globally Recent favourable environmental tests in Peshawar and Karachi have underscored the persistent risk of a polio epidemic in Pakistan, as noted by the committee. Furthermore, the committee reported the identification of a new case of Wild Poliovirus Type 1 (WP1) in Pakistan in 2023, bringing the year's total to 2 cases.

By Ariba Shahid