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  • Mohsin Dawar injured in a firing incident

    Mohsin Dawar injured in a firing incident

    Leader of the National Democratic Movement (NDM), Mohsin Dawar, has sustained severe injuries in a gunfire attack.

    Party officials claimed that police officials targeted Dawar as he entered a government compound along with a group of people, protesting delays in result.

    He was sitting outside the RO office for two nights and decided to enter the office today after three days of delay.

    Dawar has been a member of the National Assembly from August 2018 until August 2023.

  • Indian actor says Pakistani content is better than Indian content

    Indian actor says Pakistani content is better than Indian content

    Pakistani TV shows are getting more and more popular worldwide, and especially across the border in India. All our hit shows are not just avidly followed here but also across the border. Indian TV channels and media might just be fretting that their own shows aren’t as popular as they used to be.
    Indian actor Sushant Singh recently talked to the media about this. “Our neighbouring country, Pakistan, who we usually see as our enemy, is making amazing TV shows. Just look at their shows and then look at ours. What are we giving to the people? Why are we making low-quality shows? When people criticize our shows, why aren’t we trying to improve? Are we going to keep making the same kind of shows? What message are we sending to actors and viewers — to watch our shows or to stop watching because we won’t change? Don’t we want to get better? We’ve made great shows despite tough conditions, and we should keep striving for better quality,” he said.

    He also stressed the importance of actors’ voices being heard.

  • PKR registers only 0.92% rise against US dollar since the onset of 2024

    PKR registers only 0.92% rise against US dollar since the onset of 2024

    The Pakistani rupee (PKR) maintained its upward trajectory for the 13th consecutive week, gaining 12.88 paisa against the US dollar and settling at PKR 279.28 per USD.

    This positive momentum marks a notable shift from the previous week’s closing rate of PKR 279.41 per USD.

    Analysing the broader financial trends, the PKR has appreciated against the US dollar by 6.71 rupees, or 2.4 per cent, during the current financial year. Looking at the calendar year, the PKR has shown a gain of 2.58 rupees, or 0.92 per cent.

    Friday’s trading session witnessed the PKR displaying strength as it appreciated by over 6 paisa. The intraday high (bid) reached 279.9, while the low (ask) touched 279.6, showcasing the currency’s resilience in the face of market fluctuations.

    In the open market, exchange companies quoted buying rates at 278.89 and selling rates at 281, contributing to the overall positive sentiment surrounding the PKR.

    Comparatively, against major currencies, the PKR experienced a marginal loss of 26.91 paisa against the Euro, closing at 300.87.

    Meanwhile, the British Pound became more affordable by 20.31 paisa, closing at 352.33. The Swiss Franc saw a decline of 1.59 rupees, closing at 318.89, and against the Japanese Yen, the PKR gained 1.71 paisa, closing at 1.8695.

    In the global currency market, the Chinese Yuan lost 0.4 paisa, closing at 38.82, while the Saudi Riyal closed at 74.47, experiencing a marginal loss of 1.43 paisa. The U.A.E. dirham also saw a decrease in value of 1.57 paisa, settling at 76.05.

    Shifting focus to the money market, the benchmark 6-month Karachi Interbank bid and offer rates experienced a 9 basis point increase, reaching 21.05 per cent and 21.3 per cent, respectively.

    This upward movement in yields follows the State Bank of Pakistan (SBP) maintaining the policy rate at 22 per cent for the fifth consecutive meeting, contributing to the evolving financial landscape.

  • Pakistan’s forex reserves dip by $173 million, SBP cites debt repayments

    Pakistan’s forex reserves dip by $173 million, SBP cites debt repayments

    The State Bank of Pakistan (SBP) has reported a decrease of $173 million in its foreign exchange reserves on a weekly basis, revealing a total of $8.04 billion as of February 2, according to data released on Thursday.

    The country’s overall liquid foreign reserves are reported to stand at $13.09 billion, with commercial banks holding net foreign reserves amounting to $5.05 billion.

    The SBP has identified debt repayments as the primary factor contributing to the decline in reserves. In an official statement, the SBP stated, “During the week ending on 2-Feb-2024, SBP’s reserves decreased by US$ 173 million to US$ 8,044.0 million due to debt repayments.”

    This follows a trend from the previous week when Pakistan’s central bank reserves experienced a decrease of $54 million. The ongoing challenges related to debt servicing continue to impact the nation’s foreign exchange reserves.

  • Gold prices in Pakistan remain unaffected by political uncertainties

    Gold prices in Pakistan remain unaffected by political uncertainties

    Despite political uncertainties, the domestic bullion market exhibited stability, with 24-karat gold maintaining its price at Rs215,500 on Friday, showing no deviation from the previous session.

    This stability is indicative of the domestic gold market functioning normally, aligning with international gold rates and the exchange rate.

    The Karachi Sarafa Association reported that the prices of 10-gramme 24-karat gold and 10-gramme 22-karat gold also remained constant at Rs184,756 and Rs169,360, respectively.

    Similarly, silver prices showed resilience in the domestic market, with 24-karat silver being traded at Rs2,600 per tola and Rs2,229.08 per 10-gramme.

    On the global stage, the international spot gold exhibited minimal fluctuations, standing at $2,033.5 as of 12:40 pm.

    This stability in both domestic and international markets suggests a steady scenario despite the prevailing political uncertainties.

  • Election 2024: Meme game going strong

    Election 2024: Meme game going strong

    Polling day is over but the results are STILL not released in full and voters are fed up. They’re dealing with the delay in the best way they know, with memes about politics. The memes are spreading quickly on social media like Facebook and Twitter.
    Check out a few below:

  • Nawaz Sharif’s victory speech is ready, says Maryam Nawaz

    Nawaz Sharif’s victory speech is ready, says Maryam Nawaz

    Pakistan Muslim League-Nawaz (PML-N) vice president Maryam Nawaz has said in a tweet that the party is emerging as the single largest party in the centre as well as in Punjab.

     She wrote in a post on X (previously Twitter), “As opposed to the false perception deliberately built by a section of media last night, PMLN, Alhamdolillah emerging as the single largest party in centre and in Punjab. Some results awaited. MNS will head to PMLN HQ for the victory speech as soon as final results are received. Insha’Allah. Stay tuned”

  • What does Maryam Nawaz have against anchors?

    What does Maryam Nawaz have against anchors?

    Maryam Nawaz breaks silence at 3:08AM. The night of the general election of Pakistan, PML-N’s Maryam Nawaz who is also a candidate from Lahore has retweeted a tweet by a twitter handle, Faisal Ranjha, who tweeted: This chaos is created by Suited, booted anchors sitting in cozy studios.

    She reposted the tweet at 3:08AM on Friday morning, causing an uproar on the media. Election results are still awaited as the country waits to find out who the new Prime Minister of Pakistan will be. According to the election results so far, independent candidates backed by Pakistan Tehreek-e-Insaf (PTI) are leading.

  • Mobile signals are restored in Karachi, not in Lahore

    Mobile signals are restored in Karachi, not in Lahore

    Senior Journalist Gharidah Farooqi wrote in her post on X (previously Twitter) that mobile signals are restored in Karachi but are still suspended in Lahore.

    It’s election night in Pakistan, but mobile signals have been suspended in Lahore for almost 20 hours. According to the election results so far, independent candidates backed by Pakistan Tehreek-e-Insaf (PTI) are leading.

  • PML-N breaks silence with a tweet

    PML-N breaks silence with a tweet

    Pakistan Muslim League-Nawaz (PML-N) tweeted on X (previously Twitter), saying “#Ekvarifersher.”