PSX jumps 4,347 points on peace efforts

[ Foreign funds would divert their liquidity into buying Pakistan’s stocks. This would merely increases prices of shares and be profitable for those who already hold stocks. PHOTO: FILE KARACHI: A strong wave of buying swept through the Pakistan Stock Exchange (PSX) on Wednesday as easing geopolitical concerns and expectations of a drop in oil … Read more

FCC strikes down illegal Karak appointments

Appointment. Photo: File ISLAMABAD: The Federal Constitutional Court (FCC) has ruled that under the Constitution, every citizen has the fundamental right to equal access to public sector employment at both federal and provincial levels, emphasising that recruitment processes must be transparent, fair, and merit-based. The court, while hearing a case related to Class-IV appointments at … Read more

Ukraine braces for renewed offensive as peace talks stall

Ukrainian service members fire a L119 howitzer toward Russian troops, Donetsk region, April 21, 2024. PHOTO:REUTERS KYIV: Ukraine is preparing to withstand a renewed Russian spring offensive along the eastern front as stalled US-backed peace talks coincide with intensifying battlefield pressure, shifting international attention and mounting logistical strain on both sides of the war. Russian … Read more

EVs face grid, land, trust deficits

[ KARACHI: Pakistan’s EV push has gained momentum as two firms announced plans to install 500 charging stations nationwide within two years, underscoring both ambition and structural challenges. The move comes amid energy constraints, but the rapid rise of rooftop solar offers a viable pathway to integrate EV infrastructure into a more resilient energy ecosystem. … Read more

Industrial tariff reform plan under review

[ Minister orders stakeholder consultations as indigenisation policy yields Rs12.7b local contracts ISLAMABAD: The Power Division is considering the introduction of a new optional tariff mechanism for industrial consumers, aimed at improving electricity utilisation efficiency and enabling cost-reflective pricing based on time-of-use consumption patterns. According to an official statement issued on Wednesday, the proposal is … Read more

PIA to resume direct Lahore-London flights

. LAHORE: Pakistan International Airlines (PIA) announced it will resume direct flights to London starting March 29 from Islamabad and March 30 from Lahore. Initially, PIA will operate four weekly flights—three from Islamabad and one from Lahore — using Boeing 777 aircraft. PIA spokesperson said flights would land at Heathrow Airport’s Terminal 4, adding that the … Read more