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Articles for tag: bidding, business, Latest, live, PIA, PSX, rebounds, Report

December 5, 2025

News Desk

PSX rebounds on live PIA bidding report

KARACHI: After a session marked by institutional profit-taking a day earlier, the Pakistan Stock Exchange (PSX) posted a measured recovery on Thursday as renewed buying helped the KSE-100 index regain some lost ground. The market briefly rose around 700 points during intraday trading before settling modestly higher around 140 points, reflecting subdued optimism and selective re-entry by investors. Sentiment was boosted when Prime Minister Shehbaz Sharif announced that the bid for Pakistan International Airlines (PIA) would go live on December 23, 2025, a development that fueled interest in PIA Holding Company, which was actively traded throughout the session. At the

December 5, 2025

News Desk

One in three French Muslims say they are discriminated against: report

France ban on racial data curbs bias statistics, rights chief says 2024 survey to 5,000 Demonstrators hold a banner at a demonstration against a bill called “anti-separatist” and Islamophobic in Paris, France March 21, 2021. PHOTO: REUTERS Discrimination based on religion has increased in France, a report by the country’s human rights ombudsman showed on Thursday, with one in three Muslims surveyed saying they had suffered from it. France has a significant Muslim community through immigration from its former colonies, including North Africa. French law prohibits the collection of data on a person’s race, nationality or religion, making it difficult

December 4, 2025

News Desk

IMF report “accusation” against the government: MPs

Islamabad: A key section of parliament on Wednesday declared the International Monetary Fund (IMF) report “an indictment of the government and parliament”, as the finance minister promised to present an action plan this month to tackle governance and corruption challenges. “We don’t want to use the IMF report to criticize, but it is an indictment against the government and parliament,” said Syed Naved Qamar, Chairman of the National Assembly’s Standing Committee on Finance. The committee had invited the finance minister for a briefing on the IMF report. However, Finance Minister Muhammad Aurangzeb said the IMF report was “not an indictment

December 3, 2025

News Desk

Medical experts report outbreak of CHS, alarming cases of “scromiting”.

Cannabinoid hyperemesis syndrome (CHS) is an increasingly common medical disorder seen among people who use cannabis heavily over long periods of time. — Reuters Cannabinoid hyperemesis syndrome (CHS) is an increasingly common medical disorder seen among people who use cannabis heavily for long periods of time. The condition causes repeated bouts of severe nausea, repeated vomiting and severe abdominal discomfort. A particularly painful form of this reaction is often referred to as “scromiting”, a portmanteau of the words scream and vomit. People who experience it arrive at emergency departments in severe pain, often unable to stop vomiting and screaming from

December 1, 2025

News Desk

IMF report in a nutshell: Pakistan follows the statist model

The state economy, by limiting competition or selecting specific areas, allocates resources to protected sectors Islamabad: So far, many articles and commentaries have been published on the IMF report “Pakistan Governance and Corruption Diagnostic Assessment”. As was already understood before this report was issued, we have systemic corruption and governance weaknesses that stifle investment, distort markets, undermine revenue collection and perpetuate economic fragility. We argued that structural reforms, especially on the supply side, would unlock significant economic growth for Pakistan. This was also echoed at the 5th Pakistan Prosperity Forum, which was themed ‘Reforms for Development’. However, the report caused

November 29, 2025

News Desk

US FDA memo links 10 child deaths to Covid vaccines: report

Vials labeled “VACCINE Coronavirus Covid-19” and a syringe are seen in front of a displayed US flag in this picture taken on December 11, 2021. — Reuters The US Food and Drug Administration said at least 10 children likely died “due to” Covid-19 vaccinations, citing myocarditis, or inflammation of the heart, as a possible cause. New York Times was mentioned. The Department of Health and Human Services, which includes the FDA, did not immediately respond to a Reuters request for comment on the after-hours report. But FDA Commissioner Marty Makary on Saturday confirmed the report during a television interview. “There

November 26, 2025

News Desk

90% of Pakistan’s gold trade is outside official channels: report

An undated file image of gold sets on display in a jewelry store. — AFP/File The study highlights the fragmented distortions of regulation. CCP urges labeling to ensure national purity standards. The proposed authority aims to unify the governance of the gold sector. ISLAMABAD: Nearly 90% of gold trade in Pakistan takes place outside official channels due to weak documentation, fragmented regulations and opaque pricing mechanisms, the Competition Commission of Pakistan (CCP) said on Wednesday. The CPC has published the first evidence-based analysis of Pakistan’s gold sector — conducted by the Commission’s Center of Excellence in Competition Law (CECL) —

November 23, 2025

News Desk

For Good’ hits new highs: report

‘Wicked: For Good’ Hits New Highs: Report Wicked: For good brought in $150 million in the U.S. and Canada in its opening weekend, setting a record for a Broadway musical and ranking among the top musicals of all time, according to the studio. The second half of its big screen adaptation Badwhich reunites Cynthia Erivo’s Elphaba with Ariana Grande’s Glinda, posted the third-best opening weekend for a musical ever, behind Disney’s 2019 photorealistic, CGI version of “The Lion King” and its remake of “Beauty and the Universal’s boxes and the Universal’s offices and the Universal’s Beast.” Wicked: For good It

November 21, 2025

News Desk

IMF report urges action on anti-corruption reforms over 90

The logo of the International Monetary Fund is seen during the IMF/World Bank spring meetings in Washington, U.S., April 21, 2017. — Reuters The lender requests public declarations of assets from senior civil servants. Revision of SECP, NAB leadership appointment frameworks requested. IMF calls for backlog-cutting program, updated property laws. Islamabad: The Governance and Corruption Assessment (GCD) Report of the International Monetary Fund (IMF) has revealed the extent of widespread corruption at all levels of the state and called on Pakistan to implement more than 90 key recommendations to curb it. The News was mentioned. The Fund has identified 15

November 20, 2025

News Desk

Pakistan plans artificial island to expand oil exploration: report

Drone view of a pump jack and drilling rig south of Midland, Texas, United States. — Reuters/File A PPL official says the project is inspired by Abu Dhabi’s drilling. The company plans to complete construction of the island in February. PPL plans to drill up to 25 wells on the island. Pakistan plans to build an artificial island off the coast of Sindh to boost its oil exploration work as the country seeks to maximize the use of its natural resources. Islamabad has stepped up its drilling efforts after US President Donald Trump expressed interest in the country’s oil reserves

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