Islamabad, Oct 24; They included a major bump in the Pakistan Stock Exchange when it broke past the 87,000-point mark to reach its highest point yet. This outstanding performance is a clear indication of conservative as well as positive growth potential of Pakistan economy which has gone through many ordeals in last few years. The movement of the PSX index entails higher level of investors’ confidence in the future view of the economy on account of key structural reforms, political stability and higher,[37] and enhanced boost from overseas investors. Key Factors Behind the PSX Surge There are many reasons can…
Author: Mawadat Fatima
Islamabad, Oct 23: In a bid to combat the worsening smog situation in Lahore, the Punjab Environment Protection Department has announced new timings for Lahore schools. Starting October 28, schools will now open at 8:45 am, with these timings remaining in effect until January 31. The decision comes as Lahore’s Air Quality Index (AQI) has surpassed 150, posing serious health risks to children and the elderly. To minimize exposure, school assemblies will be held in classrooms, and all outdoor activities have been banned. Furthermore, fireworks have been prohibited until January 31, 2025. The public has been advised to limit outdoor…
Islamabad, Oct 23: The online semester enrollment and exam fee schedule for affiliated colleges for the Fall 2024 semester has been released by Punjab University. The Punjab University (PU) has released a schedule that states that subject enrollment will begin on November 1, 2024, and terminate on December 2, 2024. According to a university statement, the rectification of enrolled topics will begin on December 3 and run until December 12. It further said that any corrections made to enrolled topics after December 9 will be subject to a fee. According to the Punjab University administration, each student’s unique challan would…
Islamabad, Oct 23; Today, United Bank (UBL) revealed its 3Q2024 results, showing earnings of Rs. 18.3 billion (EPS of Rs. 14.96), a 24% YoY and QoQ increase. Topline Securities claims that this is the bank’s highest-ever quarterly profit. This brings 9M2024 earnings up 18% YoY to Rs. 40.12/share. In addition to the outcome, the bank declared a third interim cash dividend of Rs. 11 per share, increasing the payout for 9M2024 to Rs. 33 per share. For the third quarter of 2024, Net Interest Income (NII) was Rs. 52 billion, up 30% year over year and 77% quarter over quarter.…
Islamabad, Oct 23: Khamzat Chimaev Dismisses U.S. Travel Ban Rumors Ahead of UFC 308 Return UFC sensation Khamzat Chimaev is set to make his highly anticipated return to the octagon this weekend at UFC 308 in Abu Dhabi. The co-main event, which pits Chimaev, sometimes known as Borz, against former middleweight champion Robert Whittaker, may decide the next contender for the middleweight belt. Chimaev has responded to recurring claims that he is prohibited from competing in the US because of a travel ban in the run-up to his return. Following a 2023 interview with MMA Fighting in which Jiu-Jitsu coach Alan…
Islamabad, Oct 23: Mini Mazda Truckers Strike Over Vehicle Seizures and High Toll Taxes The Excise Department’s increased toll fees and vehicle seizures have prompted a statewide walkout by Mini Mazda Truckers transport. At Babu Sabu Chowk in Lahore, protesters have set up camp and promised to stay there till their demands are met. The protest has also resulted in the road near Rohi Nala in Gajjumata being blocked, which has seriously disrupted traffic. Because the supply chain may be impacted, the strike has sparked worries about possible shortages of necessities. Vehicles bought at auction are regularly seized by the…
Islamabad, Oct 23: Teachers Face Action for Missing Exam Duties in Lahore Muhammad Adnan Khan, the chairman of the Rawalpindi Educational Board, has demanded an investigation under the PEEDA Act into 207 instructors who neglected their examination responsibilities for the Intermediate Second Annual Supplementary exams. This decision was made in response to the instructors’ unwillingness to carry out their designated exam-related responsibilities, which the Punjab government has deemed essential services. By the deadline of October 21, the teachers who were assigned to supervise the Intermediate Second Annual exams failed to show up at their designated testing locations. The Commissioner of…
Islamabad, Oct 23: Punjab Cabinet Crackdown on Vehicle Fitness and Plastic Waste The 18th provincial cabinet meeting, chaired by Chief Minister Maryam Nawaz, saw the adoption of several important measures, most notably those pertaining to environmental betterment. Penalties for vehicles operating without a Vehicle Fitness Certificate were one of the main points. Following a one-time notice, these cars may be subject to fines and perhaps confiscation. A new policy for Punjab’s management of single-use plastic was also adopted by the government. To enforce these rules, district plastic management committees will be established. Deputy Commissioners (DCs) and District Police Officers (DPOs)…
Islamabad, Oct 23: Harry Brook Still “Clueless” About Pindi Wicket Ahead of Crucial Test Match Vice-captain Harry Brook of the England cricket team has said that he and his team are still unsure of how Rawalpindi wicket will perform in the third test match against Pakistan. Speaking during a media session, the destructive batter admitted that the nature of playing surface is still a mystery for his side. ” God knows to be honest” was the 25-year-old’s reply when asked about his thoughts on the prepared pitch. “Everybody (that) goes and looks at the wicket and everybody says something different.…
Islamabad, Oct 23: Pakistan and India Extend Kartarpur Corridor Agreement for Five More Years The deal was first signed on October 24, 2019, with a five-year period. It will expire on October 24, 2024. According to a Foreign Office spokeswoman, its renewal demonstrates Pakistan’s unwavering dedication to promoting interfaith cooperation and peaceful coexistence. Baba Guru Nanak, the renowned founder of Sikhism, spent his last days at the holy site of Gurudwara Darbar Sahib Kartarpur, which is still accessible to pilgrims from India without a visa according to the deal. Since its establishment, the corridor has made it easier for thousands…
