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  • Pakistan’s stock market surges to all-time high of 53,123.04 points

    Pakistan’s stock market surges to all-time high of 53,123.04 points

    The Pakistan Stock Exchange (PSX) continued its impressive performance, with the benchmark KSE-100 index surging by over 700 points and approaching the historic milestone of 54,000 during Monday’s trading session.

    As the closing bell neared, the KSE-100 Index stood at 53,860.36, reflecting a remarkable gain of 737.33 points, or 1.39 per cent.

    In the preceding week, the KSE-100 index achieved a then-record high, driven by robust buying primarily from local investors, bolstered by institutional support.

    The benchmark index witnessed a substantial week-on-week increase of 2,179.20 points, breaching the 53,000 mark and concluding at an all-time high of 53,123.04 points, a historic first.

    Monday’s trading session witnessed broad-based buying, with key sectors such as cement, chemicals, commercial banks, and OMCs all trading in positive territory.

    Market analysts attributed this positive momentum to an overall improvement in economic indicators, notably the State Bank of Pakistan’s (SBP) decision to maintain interest rates at 22 per cent during the last Monetary Policy Committee (MPC) meeting.

    Additionally, a decrease in the inflation rate, with the October 2023 Consumer Price Index (CPI) at 26.9 per cent year-on-year and favourable feedback from the International Monetary Fund (IMF) mission currently visiting Pakistan, further enhanced market sentiment.

    Furthermore, the announcement of final election dates by the country’s election commission, signifying political stability, also played a significant role in creating favourable conditions within the market.

  • Terrorists attack police station in Dera Ismail Khan

    Terrorists attack police station in Dera Ismail Khan

    Suspected terrorists attacked a police station on Monday in Dera Ismail Khan, the third terrorist attack in the district since Friday. The militants attacked the Gul Imam police station in Tank area. 

    One police official was injured as a result of attack.

    Police Constable Waheed Gul was injured in the exchange of firing. He was then urgently shifted to District Headquarters Hospital in Tank.

    With reinforcement personnel,District Police Officer (DPO) Tank Iftikhar Ali Shah reached the spot immediately, and then a search operation was started to wipe out militants.

    On Sunday evening, another policeman was injured in a terrorist attack on a checkpost in the Roori area of the Kulachi tehsil.

    Earlier, At least six people were killed and 20 injured after a blast in Dera Ismail Khan targeting a police van on Friday.

  • Nawaz Sharif directs party leaders to start election campaign

    Nawaz Sharif directs party leaders to start election campaign

    Former prime minister and Pakistan Muslim League Nawaz (PML-N) head Nawaz Sharif instructed party leaders to start preparations for the upcoming general election, due to take place on February 8 next year.

    Nawaz Sharif directed party leaders in a meeting to begin preparations for elections. PML-N president Shehbaz Sharif and party’s vice president, Maryam Nawaz, attended the huddle.

    Khawaja Muhammad Asif, Ahsan Iqbal, PML-N Election Cell Chairman Senator Ishaq Dar and Central Information Secretary Marriyum Aurangzeb also attended the meeting. 

    PML-N tweeted from its official X (previously Twitter) account that PML-N has entered a new phase of its election campaign as Nawaz Sharif has started meeting with party leaders.

    PML-N leaders discussed and planned further political activities for general election next year in February.

    The PML-N supremo told party leaders that they eill start development work from where we left off.

    This was the first meeting Nawaz Sharif held with party leaders at the central secretariat in Lahore after his return to the country.

    Khawja Asif has said that Nawaz Sharif will himself also contest next election.

  • Five suspects granted bail in two honour killing cases

    Five suspects granted bail in two honour killing cases

    Peshawar High Court has granted bail in two separate cases involving honor killings.

    The first case involved Swat resident, Akhtar Ali, suspected of being involved in the killing of his wife and another man over three months ago.

    The bail was granted by Justice Shahid Khan of a single-member bench, who directed the submission of two surety bonds of Rs200,000 each for Ali’s release.

    The incident, which took place on July 22, 2023, was initially reported at the Shaheedan Wenai police station in Swat under sections 302 and 311 of the Pakistan Penal Code and Section 15 of the Arms Act.

    The complainant in the FIR, station house officer of the police station, Mohammad Zaib Khan, claimed that he along with a police team went to the crime site after learning about the murder of a man and a woman and found out that the deceased were killed by the petitioner, who suspected that the two had an extramarital affair

    During the hearing, the bench noted that the case lacked substantial evidence against Ali.

    It added that the complainant in the case had neither disclosed the name of the person who informed him about the involvement of the petitioner nor did he produce any other “cogent and reliable information, which could prima facie spoke about the guilt or otherwise of the petitioner.”

    Lawyers Saeed Khan, Askar Khan, and Dunya Zeb, representing the petitioner, emphasized the absence of witnesses and evidence connecting Ali to the crime.

    They added that the murders took place at nighttime and that there was no evidence to connect the petitioner with the commission of the offense.

    Similarly, the court also granted bail to Habib Khan and his three sons – Talim Khan, Owais Khan, and Zarif Khan – from Lower Dir district.

    It accepted the joint bail petition of suspects on the condition of furnishing two surety bonds of Rs100,000 each.

    They were arrested on suspicion of the honor killing of Habib’s daughter-in-law, Nish Bibi, whose body was found at their residence on Sept 23, 2023.

    An FIR was lodged by the mother of the girl, who alleged mistreatment and torture by her husband and in-laws.

    The complainant claimed that her daughter was married to Dawood six years ago but she didn’t have kids and she often asked her husband for medical treatment.

    She claimed that for the same reason, relations between the couple were strained and that she was mistreated by her husband and in-laws and was also tortured by them.

    Legal counsel Shabbir Khan Daulatkhel defended the petitioners, maintaining that the prosecution’s case was founded on rumors, lacking any concrete evidence against the accused.

    The initial bail application of the petitioners was rejected on Oct 12, 2023, by an additional sessions judge in the Chakdara area of Lower Dir district.

  • ‘PUBG Mobile Global Championship’: Updates on Pakistani teams

    ‘PUBG Mobile Global Championship’: Updates on Pakistani teams

    Pakistani PUBG mobile team Agonxi8 has been eliminated from PMGC (PUBG mobile global championship) in the league stages.

    PMGC’s 48 teams were divided into three groups, GREEN, RED, and YELLOW. Team i8 was in group green and their matches were scheduled from November 2-5.

    A total of 16 teams from group green were competing in their group stage matches. 11 teams from the top would’ve qualified for the next stage. The top 3 teams from the group stages directly qualified for finals while the remaining 8 teams had to qualify for the survival stage. Team i8 was on the 15th spot and got eliminated.

    Team Agonxi8 is a good team from Pakistan and from the South Asia region. They have won PMPL (PUBG mobile pro league) Pakistan three times (PMPL fall 2022, PMPL spring 2023 and PMPL fall 2023) also PMCO (PUBG Mobile Club Open) fall 2021.

    They faced many difficulties before this mega event like visa issues and the gaming devices on which this event was to be played.  

    All the teams reached the event venue 5-6 days ago, collected their devices, and started practicing. On the other hand, i8 team’s three players reached 1-2 days ago due to visa issues, while two players didn’t get visas and played from Pakistan. Both players who were playing from Pakistan collected their devices just a few hours before the event had started.

    Another problem they faced was the communication gap, which meant all teams were sitting at one table and playing the game at the event venue, while our players were playing from different countries.

    Two teams from Pakistan qualified for PMGC. Our second team is 7E (Seventh Element) and they are also very aggressive players. Their gun skills are next level and they are too good in rotations.

    They have qualified through PMPL South Asia and are playing for the first time on a global stage like PMGC. They are placed in group Red, and their matches are scheduled from November 9-12.

    We wish you the best of luck with team 7E and players Aliyan, Ashad, Divine, Goku bot, and T24 op for their PMGC journey. We hope they will give their best and make our country proud.

    PMGC is a LAN (Local Area Network) event in Malaysia, starting from November 2, having a prize pool of $3 million.

  • Petition filed in Indian High Court claims Shah Jehan didn’t build Taj Mahal

    Petition filed in Indian High Court claims Shah Jehan didn’t build Taj Mahal

    A petition filed in the Indian High Court on November 2 by Surjit Singh Yadav, the president of the Hindu Sena, claims that the Taj Mahal wasn’t built by Mughal Emperor Shah Jehan.

    According to India Today, Yadav asserted that the monument was originally the palace of Raja Man Singh which was refurbished by the Mughals, hence there is no mention of his name in Shah Jehan’s books.

    “Further, the book titled Taj Museum mentions that the dead body of Mumtaz Mahal was interred under a temporary domed structure within the land premises of Raja Jai Singh. It is pertinent to mention that there is no account which states that the mansion of Raja Man Singh was demolished to construct Taj Mahal,” the petition explained.

    Yadav urged the Archeological Survey of India (ASI), the Central government, the National Archives of India and the Uttar Pradesh Government to correct “historically inaccurate facts” related to the history behind Taj Mahal’s construction. Yadav further said he had done an indepth study of Taj Mahal. He felt it was necessary to fix historical inaccuracies in order to provide accurate information to the public.

    On Friday, the Delhi High Court directed the ASI to examine the representation.

    In 2022, the Supreme Court of India rejected a plea filed by Yadav where he claimed there were “wrong historical facts” regarding the construction of the Taj Mahal.

    “What kind of PIL is this,” the bench responded according to The Wire. “The PILs are not meant for fishing enquiry. We are not here to reopen history. Let history continue. The writ petition is dismissed as withdrawn. The petitioner is granted liberty to make representation to the ASI. We have not expressed any merits on the same.”

  • Transgenders in Rajanpur get driving licences

    Transgenders in Rajanpur get driving licences

    Traffic Police of Rajanpur have issued Rickshaw and Motobike licences to the transgender community, paving the way for them to earn a respectable livelihood.

    Members of the transgender community were trained to ride motorcycles and rickshaws by police personnel before they were issued licences. It was a moment of joy for the community members as they were made fun of when they used to come for the training but upon receiving the licence, they can now claim a respectable job as drivers or even get a vehicle of their own.

    This is not the first such incident in Rajanpur but a continuation of the efforts carried out by the Punjab Police which is running multiple driving schools all across the Punjab. Seeing the success of the project the number of driving schools have been increased from 32 to 64.

    https://streamable.com/o28mzh

  • Superintendent Adiala jail served notice on creating hinderance for Imran Khan

    A notice has been served to the superintendent of Adiala Jail on November 6 for not allowing phone conversations between Imran Khan and his sons, as per Geo News.

    The legal counsel of Chairman PTI, Shiraz Ranjha, filed a petition in the Special Court of the Official Secrets Act.

    He alleged contempt of court on the part of the Adiala Jail superintendent for not allowing a phone conversation between Chairman PTI’s sons and their father.

    The petition claimed that despite court orders, the superintendent of Adiala Jail did not facilitate the conversation.

    The petition further requested that action be taken against the superintendent of Adiala Jail for not adhering to the court’s orders and that the jail authorities be directed to enable the phone conversation between Imran Khan and his sons.

    Justice Abual Hasanat heard the petition filed by Chairman PTI and issued a notice to the superintendent of Adiala Jail, demanding a response by November 8.

  • Political parties should take path of dialogue for better Pakistan, says Raja Pervaiz Ashraf

    Political parties should take path of dialogue for better Pakistan, says Raja Pervaiz Ashraf

    Former Speaker of the National Assembly (NA) and Pakistan People’s Party (PPP) leader, Raja Pervaiz Ashraf, called on all political parties and stakeholders to take a path of dialogue for the betterment of the country.

    The senior leader was speaking  on Nadir Gurmani’s show “Dusra Rukh” where he was also questioned about the 2017 Faizabad sit-in.

    Responding to the question, the former NA speaker said, “I want to say that we have to look at the outcome of whatever has been happening. Even after 75 to 76 years, we have not been able to stand on our own feet. So we have to think about whether we remain stuck in the past or if there is something which we should take a step towards.” 

    Ashraf suggested moving forward by saying that there is not a lot of distance between the past and present.

    “I still think, and I have said so many times before […] to do consultation and sit everyone down [and] open a dialogue. Intra-political party dialogue should be opened,” he insisted.

    On the question of holding the former army chief accountable, the PPP leader said, “Okay, then keep on harping and whining about it. You won’t be able to move forward one inch. This practice is not right where after every two or three years you open an issue of the past. Nations which have progressed are forward-looking people.”

  • ‘Genocide’: Susan Sarandon, Macklemore address thousands at March For Palestine in Washington

    ‘Genocide’: Susan Sarandon, Macklemore address thousands at March For Palestine in Washington

    On Sunday, more than 300,000 people marched in Washington to demand an end to the genocide in Gaza as well as for a ceasefire to be declared. Among these marchers were Hollywood celebrities Susan Sarandon and rapper Macklemore.

    Sarandon shared a picture where she was seen on stage wearing the Palestinian keffiyeh. She shared the picture on her X (formerly Twitter) account and wrote:

    “You don’t have to be Palestinian to care about what’s happening in Gaza. I stand with Palestine. No one is free until everyone is free.”

    Macklemore gave a speech where he out rightly called what is going on in Gaza a ‘genocide’:

    “We’ve been taught to just be complicit to protect our careers, to protect our interests and I’m not gonna do it anymore. I’m not afraid to speak the truth.”

    Several prominent singers have come out to voice their support for Palestine along with posting links to foundations collecting donations for Gaza. Phoebe Bridgers shared links on her Instagram stories to the organisations that were collecting aid to provide medical relief for injured Gazans.

    Rapper Kid Cudi released a statement on his Instagram account, expressing his solidarity with the Palestinian struggle, pointing out the movement was not anti-Semitic.

    “Supporting Palestinian liberation is not antisemitic, it’s human. Palestinians deserve their freedom. This isn’t poltiics, these are real lives. And I’m just a dude who gives a f*** about humanity. I stand with the people of Palestine as they demand an immediate ceasefire in Gaza and an end to the ongoing genocide. My heart goes out to all my brothers and sisters of all faiths and backgrounds who are suffering. Free Palestine!”