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Articles for tag: Blame, company, construction, fire, Hong, Hundreds, kills, Kong, missing, Police

November 27, 2025

News Desk

Hong Kong fire kills 55, hundreds missing as police blame construction company

A fire burns bamboo scaffolding on a building in the Wang Fuk Court housing complex in Tai Po, Hong Kong, China, 26 November. — Reuters Several high-rise residential towers were engulfed in flames. Firefighters are trying to reach residents who may be trapped. Authorities say foam, scaffolding grids may have contributed. HONG KONG: A massive fire still burning in a Hong Kong apartment complex that has killed at least 55 people and left nearly 300 missing may have been caused by a “grossly negligent” construction company using hazardous materials, police said Thursday. Almost a full day after the fire started,

November 9, 2025

News Desk

ECC approves guarantee of Rs 659.6 billion to settle debts of Power Holding Company

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb presides over a meeting of the Economic Coordination Committee (ECC) of the Cabinet at the Finance Department, Islamabad, November 07, 2025. — APP The HRIS phase-out is phased in, dependent on the FY26 review. SBP caution prevails. no HRIS abrupt stop. The Mari gas move stabilizes the availability and pricing of fertilizers. ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved a government guarantee of Rs 659.6 billion to settle the debt of Power Holding Limited (PHL) and phase out subsidies under the Home Remittance Incentive Scheme (HRIS) by

October 22, 2025

News Desk

Babar, Rizwan Company as Pakistan close on day three at 94/4

Pakistan’s Babar Azam plays a shot during the third day of the second Test cricket match between Pakistan and South Africa at the Rawalpindi Cricket Stadium on October 22, 2025. — PCB Babar Azam, Mohammad Rizwan rebuild after early collapse. Pakistan’s lead extends to 23 after losing four wickets. Asif Afridi shines with six-wicket debut for Pakistan. Pakistan were in trouble after opening their second innings following Simon Harmer’s three-wicket spell as they finished the third day of the second and final Test on 94/4 with a 23-run lead at the Rawalpindi Cricket Stadium on Wednesday. Pakistan continued their second

October 22, 2025

News Desk

M23 rebels loot $70 million in gold from Congo mine, company says

Twangiza Mining says it has lost over 100kg of gold per month and $5m in equipment since the takeover At current prices, the looted gold is worth about $70 million. PHOTO: PIXABAY Rebels occupying Twangiza Mining’s gold concession in eastern Democratic Republic of Congo (DRC) have looted at least 500 kilograms of gold since May, the company told Reuters, accusing some of its employees of helping the theft. At current prices, the looted gold is worth about $70 million. The mine is in South Kivu province, where the Rwandan-backed M23 rebels staged a lightning offensive this year that allowed them

October 18, 2025

News Desk

US court orders Israeli spyware company to stop targeting WhatsApp

NSO has, for years, been accused of facilitating human rights abuses through its flagship hacking tool, Pegasus. US judge issues permanent injunction preventing NSO group from hacking messaging platform WhatsApp. PHOTO: PIXABAY A US court has ordered Israel’s NSO Group to stop targeting Meta Platforms’ messaging service WhatsApp, a development the spyware company warned could put it out of business. In a 25-page ruling issued on Friday, US District Court Judge Phyllis Hamilton issued a permanent injunction against NSO Group’s attempts to hack into WhatsApp, one of the world’s most widely used communication platforms. Hamilton also gave NSO a significant

October 18, 2025

News Desk

Pakistan finalizes sale of First Women Bank to UAE company

Prime Minister Shehbaz Sharif, Marshal Syed Asim Munir and federal ministers witness the signing ceremony of the majority stake sale of First Women Bank to a UAE company on October 17, 2025. — PID The prime minister says the privatization of FWBL is a milestone in strengthening the UAE’s trade ties. Premier says the deal marks the start of a promising partnership. Prime Minister renews resolve to open new doors for private sector-led growth. Prime Minister Shehbaz Sharif on Friday hailed the privatization of First Women Bank Limited (FWBL) as “the first raindrop” in Pakistan’s new privatization drive, calling it

September 30, 2025

News Desk

Finnish company to invest in Reko DIQ, in the mining sector

Islamabad: Federal oil minister Ali Pervaiz Malik met with a Finnish delegation led by Ambassador Hannu Ripatti, Piia Karhu, president of the minerals at Metso and Willie Eerola, the Honorary Consul of Pakistan in Finland, to discuss Pakistani in Finland, to discuss Pakistan Investments. According to an official statement issued on Monday, Malik said Pakistan had moved from primitive mining practices to mechanized, responsible mining. He noted that the government had informed the regulatory framework to make the sector worldwide competitive. He emphasized Reko DIQ as the “lens body” of the Pakistani mineral industry and assured full government support for

September 8, 2025

News Desk

Pakistan Melania with US company Metal Company in critical minerals

The representation of the image shows flags of Pakistan and the United States. – Apply/file The American strategic metals signs of memoranda with Pakistan’s FWO. The envoy highlights the power of US-Pakistan bonds. The Mou focuses on critical minerals for advanced technologies. Islamabad: Pakistan signed a memorandum of agreement (MOU) on Monday with US strategic metals (USSM), an American metal company, to enhance mineral cooperation. The deal was signed between USSM and Pakistani’s Frontier Works Organization (FWO) to Prime Minister’s Prime Minister, with the deputy head of mission Zach Harkenrider accompanying the visitor, said the press release issued by the

September 3, 2025

News Desk

Rupee up for the 18th day, SBP closes the exchange company

Karachi: Pakistani Rupia continued its rise to the US dollar on Tuesday, marking its 18th straight market profit between banks. At the closure, the local currency was installed on 281.72 per dollar, up to three Paisa or 0.01%, compared to Monday’s closure on 281.75, according to data from the Pakistani State Bank (SBP). Since August 6, 2025, Rupia is estimated by a cumulative 95 Paisa against the green, reflecting the improved feeling in the foreign exchange market. Analysts of Ismail IQBal Securities noted that while Rupia has reached higher on a daily basis, its broader performance remains mixed. “At the

August 31, 2025

News Desk

Govt announces the closure of Utility Stores Corporation company

People stand in a tail outside a state utility store to buy groceries. – AFP/file The minister says the consensus has reached the provision of RS28BN package. Lauds USC role in providing goods in grants. “Pakistan’s economy showing signs of improvement.” Islamabad: Federal Minister of Parliamentary Affairs Dr. Tariq Fazal Chaudhary announced the closure of the Utility Stores Corporation (USC) throughout the country. Addressing a press conference alongside USC CEO Shabbir Khattak and USC National Welfare Secretary General Raja Muhammad Miskeen, the minister assured that the rights of all USC employees – permanent, conventional and daily doors Sharif. He said

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