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The National Electric Power Regulatory Authority (Nepra) has approved a 14% dollar-based return on equity (RoE) for K-Electric’s distribution business. This translates into a hefty 29.68% return in Pakistani rupees for the fiscal year 2023-24. Nepra also sanctioned a 12% dollar-denominated RoE for K-Electric’s transmission segment. In local currency, this amounts to a 24.46% return …
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The International Monetary Fund (IMF) has confirmed that talks on Pakistan’s FY2026 budget are still in progress. The announcement came after the IMF’s staff-level visit to Islamabad concluded on May 23. Pakistan’s federal government has postponed the FY2025-26 budget presentation. Initially scheduled for June 2, the new date is now set for June 10. This …
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The year 2024 witnessed a sharp rise in global civilian casualties caused by explosive weapons. A new report by Action on Armed Violence (AOAV) highlights Israel’s military operations as the main driver behind this trend. Gaza saw the highest number of civilian deaths from explosive weapons last year. Civilian harm rose by 65% compared to …
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WASHINGTON – The International Monetary Fund (IMF) has defended its recent $1.4 billion disbursement to Pakistan, rejecting Indian objections and confirming that Islamabad met all necessary conditions. Speaking at a press briefing on Thursday, IMF spokesperson Julie Kozack said Pakistan had achieved all performance targets under the Extended Fund Facility (EFF). She clarified that the …
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RAWALPINDI – Indian-backed terror group Fitna-al-Hindustan carried out a brutal attack on a school bus in Khuzdar, Balochistan on May 21, killing at least six children and injuring over 50 others. The attack was ordered and orchestrated by India’s intelligence agency, RAW, officials confirmed. In a joint press conference, Director General of ISPR Lt Gen …
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Karachi: Pakistan’s stock market continued its strong upward streak on Thursday. The KSE-100 Index surged to a new all-time high in early trade, reflecting strong investor confidence across key sectors. The Pakistan Stock Exchange’s (PSX) benchmark index climbed to 120,699.17 points. That marked a gain of 767.72 points, or 0.64%, from the previous close of …
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Jenin: Governments across more than a dozen countries have condemned Israel after its armed forces opened fire near a visiting diplomatic delegation in the Jenin refugee camp. The incident took place in the occupied West Bank, according to Al Jazeera. The shooting, which occurred on Wednesday, has triggered swift global backlash. The delegation, made up …
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Islamabad: The Government of Pakistan has expelled a staff member of the Indian High Commission (HC), declaring him persona non grata. The decision came after allegations of engaging in activities that violated his diplomatic privileges. According to the Foreign Office, the individual was ordered to leave Pakistan within 24 hours. A formal press release issued …
A few days ago, Javed Akhtar, the famous Indian screenwriter and lyricist, made headlines for a highly controversial statement. In a video uploaded by ABP News, he said he would rather go to hell than visit Pakistan. His words instantly sparked fury online, especially among Pakistani artists and citizens. But before rushing to judge him, …
Medical staff at Nasser Hospital face a dire situation as Israeli attacks and a severe blockade strain resources. Palestinian physician Ahmed al-Farra described the constant challenge of deciding which patients to treat first. “We have to make heartbreaking decisions every day,” al-Farra said. “My doctor in the pediatric ICU asked me what to do in …
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A group of Israeli protesters gathered at the Karem Abu Salem crossing, known in Israel as Kerem Shalom. They blocked trucks carrying aid meant for Gaza. This was reported by Israel’s Arutz Sheva media. Reut Ben Haim, one of the protesters, called the aid delivery an “unimaginable injustice.” She said that while Hamas holds Israeli …
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PPP Chairman and former foreign minister Bilawal Bhutto-Zardari has warned that a nuclear conflict between India and Pakistan would cause irreversible damage to the region and beyond. Speaking to the media in Islamabad on Wednesday, Bilawal stressed the urgency of peace and dialogue. His statement came as Prime Minister Shehbaz Sharif ordered a high-level diplomatic …
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A deadly blast hit a school bus in Balochistan’s Khuzdar district on Wednesday morning. The explosion killed five people, including three children. Several others sustained injuries. The Inter-Services Public Relations (ISPR) confirmed the details in an official statement. The blast occurred near Khuzdar Zero Point. The bus was carrying schoolchildren when it was targeted. Initial …
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Islamabad: The Supreme Court resumed the hearing of Zahir Jaffer’s appeal against his death sentence in the Noor Mukadam murder case on Monday. Justice Hashim Kakar led the three-member bench, alongside Justices Ishtiaq Ibrahim and Ali Baqar Najafi. Justice Kakar remarked, “A girl was brutally murdered.” He stressed that courts must not delay justice. “It …
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Karachi, 19 May 2025 — The National Bank of Pakistan (NBP) has completed a significant upgrade of its core banking technology. This move aims to enhance customer service, strengthen digital security, and modernize operations across its network. The state-owned financial institution implemented this upgrade as part of its broader innovation strategy. The new system accelerates …
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Pakistan’s military has voiced confidence that the ceasefire agreement with India will remain in place, emphasizing that direct communication through a military hotline continues to play a critical role in easing tensions. In an interview with a US-based media outlet, Director General Inter-Services Public Relations (DG ISPR), Lieutenant General Ahmed Sharif Chaudhry, underscored the value …
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GAZA/DOHA: A senior Hamas leader has denied reports claiming the group agreed to a two-month truce with Israel in exchange for the release of nine Israeli captives. Sami Abu Zuhri, a top Hamas political figure, rejected the reports during an interview with Al-Aqsa TV. His statement came after several media outlets, including Al Jazeera, cited …
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The Global Defence Agency is calling it the “most modern aerial clash of the century.” On the night of May 7, Pakistan Air Force (PAF) and Indian Air Force (IAF) engaged in a high-intensity dogfight that lasted nearly one hour. A global defence agency shared the details along with an image on X (formerly Twitter). …
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ISLAMABAD: Deputy Prime Minister and Foreign Minister Senator Ishaq Dar has left for Beijing on a three-day official visit. The Ministry of Foreign Affairs (MOFA) confirmed the departure in a statement issued on Monday. Dar’s visit comes amid rising regional tensions following the recent Pahalgam incident in Indian Illegally Occupied Jammu and Kashmir (IIOJK). The …
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LAHORE: The School Education Department (SED) Punjab has rejected a fake notification about summer vacations in schools. The document, widely circulated on social media, claimed that public and private schools would observe holidays from May 22 to August 17, 2025. However, the department has clarified that the notification is false. A spokesperson for the SED …
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Israel has announced it will permit a “basic amount of food” into Gaza after a 10-week blockade. The move aims to prevent a full-scale famine, according to a statement from Prime Minister Benjamin Netanyahu’s office on Sunday. The statement added that the Israel Defense Forces (IDF) recommended the decision. It said the limited food access …
Israel has announced it will permit a “basic amount of food” into Gaza after a 10-week blockade. The move aims to prevent a full-scale famine, according to a statement from Prime Minister Benjamin Netanyahu’s office on Sunday. The statement added that the Israel Defense Forces (IDF) recommended the decision. It said the limited food access …
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Former U.S. President Joe Biden has been diagnosed with advanced prostate cancer. The 82-year-old’s office released the statement on Sunday. The cancer has already spread to his bones, making it a serious health concern. Biden was diagnosed on Friday after visiting a doctor last week. He had gone in due to urinary symptoms. Doctors confirmed …
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