The Karakoram International University (KIU) Syndicate has decided to shut down its sub-campuses in Chilas, Ghizer, and Hunza due to severe financial constraints, jeopardizing the future of 1,500 students and over 100 staff members. The decision was made during an emergency meeting chaired by KIU Vice-Chancellor Dr. Attaullah Shah. The university is grappling with a Rs300 million shortfall, which has now increased by an additional Rs200 million due to the federal government’s salary hike decision. The combined deficits of KIU and the University of Baltistan (UoBS) now stand at Rs500 million and Rs150 million, respectively. Dr. Shah expressed deep concern…
Author: Saifullah
Read More
The Pakistan Stock Exchange (PSX) continued its upward trajectory on Friday, with the KSE-100 index climbing by 498.61 points or 0.65 percent to reach a historic high of 76,706.7. This follows Thursday’s remarkable gain of 3,411 points or 4.7 percent, marking the largest increase since the International Monetary Fund’s (IMF) bailout package last year. Positive investor sentiment was bolstered by the government’s decision to keep the capital gains tax rate unchanged. Starting the week at 73,754 points, the PSX closed at 76,706 points, marking an increase of 2,952 points over five trading sessions. During Friday’s trading session, the index fluctuated…
Sindh Chief Minister Syed Murad Ali Shah, who also serves as the Finance Minister, presented the budget for the fiscal year 2024-25 in the Sindh Assembly on Friday. Addressing the budget session, CM Murad Ali Shah announced a total budget outlay of Rs3.056 trillion for the province. Key Highlights of the Budget: Salary Increases: 30% raise for Sindh government employees in grades 1 to 16 22% raise for employees in grades 17 to 22 15% increase in pensions Minimum wage raised from Rs35,550 to Rs37,000 Sector Allocations: Rs519 billion allocated for education Rs334 billion allocated for the health sector Rs56…
In a tense rescue effort unfolding in Gilgit-Baltistan, army helicopters have pinpointed potential traces of two Japanese climbers who went missing during their ascent of the 7,027-meter Spantik Peak, also known as Golden Peak. Shigar Deputy Commissioner Waliullah Falahi confirmed the development, stating that although the climbers’ exact location remains unconfirmed, initial signs have been spotted around 5,500 meters, between Camp 2 and Camp 3. The climbers, Ryuseki Hiraoka and Atsushi Taguchi, were last seen at Camp 2, and concerns arose when they did not arrive as expected at subsequent checkpoints. The search operation, initiated early Thursday morning, involved multiple…
In a devastating incident south of Kuwait City, a deadly blaze engulfed a six-storey building housing immigrant workers, resulting in a tragic loss of life. According to Kuwait’s Foreign Minister, the death toll has risen to 50, with most of the victims being from India. Additionally, three Filipinos lost their lives in the fire, while many others sustained injuries. The fire broke out early Wednesday morning in Mangaf, causing black smoke to billow from the building that accommodated nearly 200 workers. The majority of Kuwait’s population consists of foreigners, mainly from South and Southeast Asia, employed in construction and service…
A tragic incident occurred in Hargusal village, Kharmang district of Gilgit-Baltistan, on Thursday when a toy-like bomb from the Kargil war exploded, resulting in the death of a child and injuries to two family members. The incident happened while the family was grazing goats in the area. According to local sources, a 14-year-old boy, whose identity has not been confirmed, discovered the explosive device and mistook it for a toy. While playing with it, the device detonated, killing the child instantly. His father, Asghar, and his sister were also injured in the blast. Hargusal village, located just a few kilometers…
Coca-Cola’s latest advertisement in Bangladesh is drawing widespread criticism for attempting to distance itself from perceived ties with Israel amid the ongoing assault on Gaza. Advertisement Criticized The 60-second commercial, aired on television and social media, has been called out for its insensitive response to the ongoing boycott in Bangladesh. Calls for boycotts of companies believed to have ties with the Israeli military or government have surged in many Muslim-majority countries since October 7, including Bangladesh. This has led to a significant decline in sales for Coca-Cola in these regions, with local media reporting a 23 percent drop in sales…
On Thursday, the Islamabad High Court (IHC) ordered the reopening of the Pakistan Tehreek-i-Insaf’s (PTI) Central Secretariat. However, the power to the office has been disconnected. Sources indicate that the electricity was cut off even before the office was sealed. PTI leader Shoaib Shaheen stated that all utility bills have been paid, and there are no outstanding amounts, alleging that this is a government ploy to harass the party. Earlier on Thursday, a bailiff appointed by Justice Ijaz Ishaq Khan of the IHC reopened the office. Over a week ago, the IHC had ordered the Capital Development Authority (CDA) to…
The Pakistan Stock Exchange (PSX) opened on a visibly positive note in the post-budget session, with the benchmark KSE-100 index crossing the 76,000 level to settle at a new record high on Thursday. At close, the benchmark index settled at 76,208.16, marking an increase of 3,410.73 points or 4.69 percent. This is the highest points gain in a single session, noted Arif Habib Limited (AHL).
Besham: In the Bisham area of Shangla district, a property dispute took a tragic turn when sons opened fire on their father, step-mother, and sister. The incident left father Sultanate Khan and his wife dead on the spot, while the step-sister sustained serious injuries. The accused fled the scene after the shooting Khyber News reported on Thursday. Local residents and Rescue 1122 officials quickly responded, transporting the bodies and the injured girl to Tehsil Headquarters Hospital Bisham. The long-standing dispute over property division between the father and his sons had led to the sons leaving their ancestral home to live…
