Pakistan Financial News

₹400 crore club. It performed well on its first 11 days at the box office and earned ₹ 388.60 crore in the Box Office. And as per early estimates, the movie earned ₹11.50 crore on its twelfth day, sacnilk cited.

BRICS summit in South Africa later this year. The motivations behind this inclination toward BRICS are rooted in developing nations' dissatisfaction with the stringent conditions imposed by Western-dominated institutions.

Dubai International Airport, the world’s busiest for international travel, says it served 41.6 million passengers in the first half of this year

Indian rupee today staged a strong rebound, posting its biggest single-day gain in nearly a month and a half. A pullback of the greenback from recent peaks while dollar inflows also aided the Indian currency. Pakistan’s rupee declined to a new low amid the country's deteriorating external finances. The spot Indian rupee today closed at 82.9350 against the US dollar, up 17 paise from its previous close of 83.1075 on Monday.

PTI. As per details, a group of men barged into the firm's office in Ganeshpeth area and ransacked it.

Pakistan's cash-strapped national carrier has grounded 11 aircraft, including three of its Boeing 777s, due to unavailability of funds to carry out replacement of parts. An official in the Pakis-tan International Airlines (PIA) said the top management has grounded 11 planes in the last three years as there was a financial crisis prevailing in the airline and the increase in dollar rates and petroleum products had not helped the situation. The official, who didn't want to disclose his name, said that 11 out of 31 aircraft operated by the PIA on international and domestic routes were grounded at the Karachi and Islamabad airports. «The financial crisis has meant the airlines are not in a position to purchase spare parts since last year leading to the grounding of these aircraft gradually,» he disclosed. The previous government led by Shahbaz Sharif had appointed a new MD in PIA and unveiled its plans to privatise the national airline, an announcement which has been met with fierce resistance from the various unions in the airline. Some of the unions have gone on a strike and the official said this had not helped matters as well. Two of the three wide-body Boeing 777 aircraft were grounded in 2020 and one in 2021.

Manmohan Singh who clearly showed that if you do talk to the Pakistanis perhaps out of the public eye in an uninterrupted and uninterruptible way, you can resolve even the issue of Kashmir. After all, there was a four-point agreement that had been drafted and virtually agreed upon and it was not because the Pakistanis withdrew from that four-point agreement on Kashmir, but because the government of (Pervez) Musharraf fell into difficulty and eventually fell that the dialogue was interrupted," he said.

Disaster Management Authority (NDMA). Pakistan's armed forces have begun a rescue operation in Khyber Pakhunkhwa’s Battagram where schoolchildren are among eight people are stranded in a cable car. Allai Assistant Commissioner Jawad Hussain said two helicopters belonging to the Pakistan Army and the Pakistan Air Force are at the site.

A US court has ordered a stay on the extradition of Tahawwur Rana to India. The Pakistani-origin Canadian businessman faces a trial for his involvement in the 2008 Mumbai terror attacks and has been linked to terrorist David Coleman Headley - one of the main conspirators behind the incident. The Biden administration had earlier urged a California court to deny the writ petition filed by Rana.

Raksha Bandhan festival, Pakistani national Seema Haider has sent 'rakhis' to several prominent Indian leaders, including Prime Minister Narendra Modi, Home Minister Amit Shah, and RSS chief Mohan Bhagwat. Haider, who entered India illegally via Nepal earlier this year, also extended her Raksha Bandhan wishes to Defence Minister Rajnath Singh and Uttar Pradesh Chief Minister Yogi Adityanath. Raksha Bandhan, which falls on August 30, is a cherished Indian festival where sisters tie decorative threads known as 'rakhis' around their brothers' wrists, symbolizing their bond and protection. «I have posted these 'rakhis' in advance so that they reach well in time to my dear brothers, on whose shoulders lie this country's responsibility.

Like most of Pakistan's failures, the failure of its space programme too can be traced to its biggest malady — a military-theocratic state. Both India and Pakistan began their space programmes in early 60s but Pakistan got well ahead of India when it launched a sounding rocket into space in 1962, becoming the third such country in Asia.

Dubai International Airport, the world's busiest for international travel, announced Tuesday it served 41.6 million passengers in the first half of this year — exceeding figures for the same period in 2019 as travelers return to the air after the lockdowns of the coronavirus pandemic. The airport, home to the long-haul carrier Emirates in skyscraper-studded Dubai, long has served as a barometer for the aviation industry worldwide. The new figures at the airport known as DXB reflect figures offered by the International Air Transport Association that traffic worldwide is at 94% of pre-COVID levels. «As we recover with our (half-year) traffic surpassing pre-pandemic levels, we continue to remain committed to ensuring every guest who travels through our airport leaves with a smile,» Paul Griffiths, CEO of Dubai Airports, said in a statement announcing the figures. The 41.6 million passengers is up some 50% from the 27.9 million recorded the same time last year, as airlines now have more planes and routes running again. Passenger traffic this year largely has been driven by the airport's standard travel destinations — India, Saudi Arabia, the United Kingdom and Pakistan.

PTI quoting media reports. According to the report, Alvi sacked his secretary Ahmed and asked for the replacement of Secretary Ahmed, whose services were 'no more required'. Alvi sacked his secretary a day after he said he did not personally sign the Official Secrets (Amendment) Bill, 2023, and the Pakistan Army (Amendment) Bill, 2023.

dollar on Tuesday, traders said. The rupee has continue to decline as the country's caretaker government struggles to stabilise the crisis-ridden economy. Its previous record low was 298.93, which was hit on May 11.

The children were using the chairlift to cross the valley to get to school when a cable broke at a height of up to 1,200 feet (about 365 metres) midway through its journey in a remote, mountainous part of Khyber Pakhtunkhwa province. «For God's sake help us,» Gulfraz, a man stuck in the cable car, told Pakistan television channel Geo News by phone, confirming eight people were on board. «It has been nearly five hours since we are stuck mid-air. The situation is so bad that one man has already fainted.

Seema Haider, a Pakistani national, a similar tale has emerged, this time involving a woman from Bangladesh. Sonia Akhtar, the woman in question, has made her way to India, specifically Noida, along with her infant son. Her mission: to find her alleged Indian husband, who she claims has deserted her. Residing in Noida for the past eight days, Sonia Akhtar recounts her story.

textile sector which has conventionally served as the bedrock for most of its industrial labour is staring at a gloomy future. Once a thriving sector of Pakistan's economy, the industry now struggles with low exports amid a deepening crisis. The past two years have seen the country’s finances struggling including forex reserves, inflation, debt to GDP ratio, fiscal and current account deficit.

Raksha Bandhan festival, Prime Minister Narendra Modi's Pakistani sister Qamar Mohsin Sheikh will visit the national capital to celebrate the traditional siblings' bond, according to a report published by the news agency ANI. Mohsin, a Pakistan-origin woman who moved to India after her marriage, has been tying a rakhi to PM Modi for over the past 30 years. Every year, she makes handmade rakhi for the Prime Minister.

MUMBAI : The onion crisis in India could intensify further as the Agricultural Produce Market Committee (APMC) constituents in Nashik, home to the largest onion market in Asia, have declared an indefinite strike, two days after the Centre imposed a 40% export tax to pre-empt a price spike, following skyrocketing tomato prices on low supply. Retail prices of onion have risen from ₹25-30 a kilogramme (kg) to ₹35-40 kg in parts of Mumbai over the past week and could rise further if the strike spreads to other onion-producing centres of Maharashtra as supply would be hit and due to hoarding by some large traders, according to a Mumbai-based exporter.

UK government unveiled plans to restrict the entry of dependants for international students. The announcement sent ripples through the academic world, capturing the attention of prospective students and professionals alike. The implications of this policy shift have sparked questions about its impact on the international student landscape and the UK's higher education sector. A substantial number of students, especially those from major source markets, opt for international study opportunities while also considering the prospect of bringing their family members along. India ranked #2 over the last few years, with 42,381 UK Dependant Visas being granted to Indians on study visas for the 2023 intake. According to ApplyBoard, India, Nigeria, and Pakistan — the three top source markets for postgraduate enrollment in the UK, are all likely to see growth step back in 2024.

KL Rahul and Shreyas Iyer, both pivotal figures in the middle order. As a result, the committee is expected to opt for safer choices, factoring in the potential of testing back-up options in the five to six matches the Indian team is expected to engage in during the tournament held in Sri Lanka.