Saturday, August 4th, 2018
PSX tumbles by 281 points in one week
LAHORE (DNA) – The Pakistan Stock Exchange (PSX) index has lost 281 points in one week and closed at 42,505 points on Saturday. Following the election results, the entire focus of investors is on the economic policies of new government. The investors are looking forward how the upcoming government prevents foreign exchange reserves to collapse while reducing fiscal and trade deficits. On the other hand, US have created hurdles for the new government considering loan option from International Monetary Fund (IMF). Due to all these matters, investors have adopted aRead More
Israeli troops kill Palestinian at Gaza border protest, ceasefire efforts continue
GAZA, (DNA) – Israeli troops shot dead a Palestinian and wounded at least 220 others at protests along the Gaza border on Friday, Gaza health officials said, as diplomats sought to secure a durable ceasefire deal. Over four months of weekly Friday border protests that began on March 30 have reduced in intensity lately but organizers have vowed they would continue until Israel lifts economic sanctions on the coastal enclave. The Israeli military said troops had responded with “riot dispersal means” and had operated “according to standard operating procedures,” aRead More
79 pc candidates deprived of vote recount in election 2018
ISLAMABAD, (DNA) – Another controversy regarding recently held General Elections 2018 has surfaced as 79 percent candidates were deprived of their legal right of vote recount in their constituencies by Election Commission of Pakistan (ECP). The victory margin was below five percent in as many as 248 constituencies of national and provincial assemblies. On the other hand, the new Free and Fair Election Network (Fafen) report has revealed shocking revelations according to which, rejected votes of 169 national and provincial assemblies’ constituencies is greater than the victory margin. Among 49 NA constituencies,Read More
Imran Khan can save America from defeat in Afghanistan
ISLAMABAD, (DNA) – The Pakistan Economy Watch (PEW) on Saturday said the US should not push Pakistan into economic crisis but use its influence in Afghanistan to resolve its own problems. Cooperation with Pakistan can help the US avoid a crushing defeat in Afghanistan while ensuring peace and stability in the region, it said. Incoming Prime Minister Imran Khan has always supported talks with Afghan Taliban while after seventeen long years and sustaining heavy losses America has also initiated negotiations with Taliban, said Dr. Murtaza Mughal, President PEW. HeRead More
Zardari, Faryal Talpur fail to appear before JIT in money laundering scandal
ISLAMABAD, (DNA) – Pakistan Peoples Party (PPP) supremo Asif Ali Zardari and his sister Faryal Talpur failed to appear before Joint Investigation Team (JIT) of Federal Investigation Agency (FIA) ON Saturday in a corruption case relating to fake accounts and fictitious transactions worth Rs35 billion. Both were summoned to record their statement before the JIT. Notices were also issued to them FIA. Zardari’s close aide Hussain Lawai is also in FIA’s custody in the case. On July 30, Talpur challenged FIA’s interim challan and submitted Rs20 lac bail amount inRead More
Smaller residence for Imran Khan to save Rs1.85b annually for Pakistan
ISLAMABAD, (DNA) – : Pakistan Tehrik-e-Insaf (PTI) Chairman and prime minister in-waiting Imran Khan’s decision to live in a smaller, simpler residence and not in the official Prime Minister’s House will save the exorbitant amount of Pakistani Rs1.85 billion spent annually on the PM House. It will also send a positive message to the masses that their prime minister is not wasting public money on a life of luxuries and protocol. Khan has, in a number of interviews and press conferences, made it clear that he will neither stay inRead More