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Articles for tag: Arrests, Concert, count, Gunmen, rises, Russia, suspected

March 23, 2024

News Desk

Russia arrests suspected gunmen as concert count rises to 143

People lay flowers at a makeshift memorial to the victims of a shooting attack at the Crocus City Hall concert venue in Moscow region, Russia, March 23, 2024. — Reuters The arrested suspects include four terrorists, the Kremlin says. Daesh claimed responsibility for the attack on the outskirts of Moscow. The deadliest attack in Russia since the Beslan school siege in 2004. The Kremlin said on Saturday it had arrested 11 people – including four suspected gunmen – in connection with a shooting attack that killed at least 143 people at a concert hall near Moscow. Reuters reported that the

March 21, 2024

News Desk

Rupee rises to fresh five-month high

KARACHI: Pakistan’s currency on Wednesday hit a fresh five-month high of Rs 278.41 against the US dollar in the interbank market, maintaining its winning streak for a sixth straight working day amid a staff-level deal with the International Monetary Fund (IMF) that will pave the way for the release of the final tranche of $1.1 billion. According to State Bank of Pakistan (SBP) data, the rupee gained 0.07%, or Rs0.22, against the dollar on a daily basis. With the new appreciation, the currency has gained a cumulative 10.30%, or Rs 28.69, in the last five and a half months compared

March 13, 2024

News Desk

Railway revenue rises to Rs 55 bn in 8 months

Islamabad: Pakistan Railways has earned 55 billion rupees in the first eight months of the current financial year despite facing a financial crisis due to monsoon floods. In the first eight months of the previous financial year, the department had earned Rs 37 billion, showing a historic increase of Rs 18 billion, or 49%, in revenue in the current financial year, i.e., 2023-24, an official of Ministry of Railways. According to available data, the official said, the 55 billion rupees profit so far in FY24 included revenue from passenger and freight trains and other segments of the division also contributed.

March 2, 2024

News Desk

SPI rises to 7-week high amid rising gas prices

KARACHI: Pakistan’s inflation rose to a seven-week high of 1.27% in the week ended February 29, mainly due to the government’s recent significant hike in natural gas prices, which weighed heavily on short-term inflation figures. Weekly SPI (Sensitive Price Indicator) inflation had slowed to 0.04% in the previous week ending February 22, 2024. According to Pakistan Bureau of Statistics (PBS) data, inflation increased by 32.73% in the week under review compared to the same week last year, indicating that short-term inflation remained high. The SPI rose 1.27% weekly on the back of a 15.52% rise in natural gas prices to

February 22, 2024

News Desk

Rupee rises amid political stability

PHOTO: REUTERS/ARCHIVE KARACHI: Pakistan’s currency resumed its upward trend after a day of nominal losses, partially recovering to Rs 279.50 against the US dollar in the interbank market on Wednesday amid the beginning of an end to the political crisis over government formation at the centre. According to State Bank of Pakistan (SBP) data, the domestic currency recovered 0.02% or Rs 0.07 against the dollar on a daily basis. Overall, the local currency has gained 9.87% or Rs 27.60 in the last five months to date compared to its all-time low of Rs 307.10/$ in the first week of September

February 10, 2024

News Desk

Death toll from mosque demolition in Indian city rises to 5

NEW DELHI: The death toll in violence during an operation to demolish “illegal structures” in a town in the northern Indian state of Uttarakhand has risen to five despite strict restrictions for a third straight day, officials said on Saturday. Authorities had imposed a curfew and shut down the Internet in Banbhoolpura area of ​​Haldwani in the state’s Nainital district after a violent protest erupted as officials carried out an attempt to demolish a madrassa, or Muslim school, and an adjacent Muslim prayer hall, which officials claimed that the structures “were not registered in the state records”. AP Anshuman, the

January 3, 2024

News Desk

The death toll from the explosions at the tomb of General Qassem Soleimani rises to 103

Explosions hit the ceremony for the 4th anniversary of the assassination of Qasem Soleimani Hundreds of Iranians gather to commemorate Soleimani’s death. The deputy governor of Kerman confirms the explosions as a “terrorist attack”. At least 60 people are injured by two explosions at Solemani’s tomb. The death toll from two back-to-back bombings at the tomb of Iran’s Revolutionary Guard general Qassem Soleimani, who was killed in a US drone strike in 2020, has risen to 103, while the two terror attacks injured nearly 200 people. as reported by Iran’s state media. During the ceremony in the southeastern city of

January 1, 2024

News Desk

PSX Starts 2024 in Green as KSE-100 Rises Over 1,500 Points

Benchmark KSE-100 crosses 64,000 barrier as analyst attributes rise to energy stocks opening high Pakistani stockbrokers monitor stock prices during a session at the Pakistan Stock Exchange (PSX) in Karachi, Pakistan, July 31, 2023. — INP KARACHI: The Pakistan Stock Exchange (PSX) started the new year on a positive note as it started trading in the green zone with a gain of over 1,500 points. The benchmark KSE-100 on Monday hit 64,023.98 points, up 1,572.94 points or 2.52% from its previous close of 62,451.04 points. KSE-100 index. — PSX website Intermarket Securities head of equities Raza Jafri attributed the rise

December 6, 2023

News Desk

Rupee rises for sixth consecutive day, gold prices fall

KARACHI: The Pakistani currency maintained a winning streak for the sixth consecutive business day, extending gains to slightly above Rs 284 against the US dollar in the interbank market on the back of an increase in the supply of foreign currency in the system. Safe-haven gold, however, fell nearly 2%, or Rs 4,200, to a one-week low of Rs 219,400 per tola (11.66 grams), in line with the global trend on Tuesday. The State Bank of Pakistan (SBP) said the domestic currency gained 0.05%, or Rs0.15, to close at Rs284.338 against the dollar on Tuesday. With this, the coin has

November 18, 2023

News Desk

More misery for the masses as short-term inflation rises 10%

This remarkable increase came from the recent five-fold increase in natural gas prices People buy nuts at a market in Karachi, Pakistan, February 1, 2023. — Reuters SPI stands at 41.9% due to massive increase in natural gas tariffs. Escalating food costs fueled inflation. The prices of some items decreased including electricity. ISLAMABAD: A massive hike in gas tariffs has weighed heavily on the masses already reeling under unabated inflation as the Sensitive Price Index (SPI) jumped 10% in the week ended November 16, compared to the previous week. According to a report by The News published on Saturday, this

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