The European Union Air Safety Agency (EASA) suspended authorization for Pakistan International Airlines (PIA) to operate in Europe FOR six month. The action was taken after 262 Pakistani pilots were grounded by Aviation Minister Ghulam Sarwar Khan for having a dubious license. According to the PIA statement “EASA has temporarily …
Read More »PSX performance: Rs1.8tr turnover recorded in FY19-20
According to the performance report of the Pakistan Stock Exchange’s turnover for the fiscal year of 2019-2020 accumulated to around Rs1.8 trillion. The KSE-100 Index climbed to 520 points and closed at 34,421 points and remained in the band of 16,421 points. The index grew up to 43,468 points which …
Read More »New petrol rates ‘to the people’s benefit’: Petroleum Division
Islamabad: The Petroleum Division in while addressing in Islamabad talked about the increase in cost in the Petroleum Products said that the new rates were for the benefit of people. The Division said that this step was taken after a 112% surge of petroleum in the international market in the …
Read More »6 Pakistan cricketers get a negative result in COVID test
Six of the 10 Pakistani cricketers that were going to England for the Test and T20 matches but couldn’t as they had tested positive for COVID-19 have now tested negative for COVID-19 after they were retested.The players that came back negative include Mohammad Hasnain, Shadab Khan, Fakhar Zaman, Mohammad Rizwan, …
Read More »NAB files baseless reference against Mir Shakil-ur-Rahman
Lahore: The National Accountability Bureau (NAB) has filed a reference against Jang/Geo Editor in Chief Mir Shakil-ur-Rahman in private property purchase matter.NAB filed the reference over a property deal reached with the owner of the private land 34 years ago. The land was allotted 34 years ago according to the …
Read More »Govt raises petrol price by nearly Rs 26 citing ‘global rise in prices’
The government on Friday decided to increase the prince of all petroleum products by nearly Rs26 to share the impact of rising international prices with the consumers.The price of petrol has been raised to Rs25.58 making it Rs100.10 per liter from the existing Rs74.52 which makes it an increase of …
Read More »262 pilots under investigation for “dubious’ credentials to be grounded
The Aviation Minister Ghulam Sarwar Khan announced on Friday that there are about 262 airline pilots who may have falsified and they are to be immediately grounded until an investigation is done.The pilot he talked about include 141 pilots from Pakistan International Airlines, 9 from Air Blue, and 10 from …
Read More »Loadshedding in Karachi will end in 48 hours assures K-Electric
K-Electric guaranteed Sindh Governor Imran Ismail that they will be ending load-shedding by the next 48 hours after they were promised of additional supply of gas and furnace oil to increase the power generated. The guarantee was given to the governor by CEO of K-Electric Syed Moonis Abdullah Alvi in …
Read More »The State Bank of Pakistan cuts policy rate by 100 bps to 7pc
The State Bank of Pakistan (SBP) in a meeting of its monetary policy committee (MPC) decided to cut down the country’s policy from 100 points to seven per cent. This makes it the fifth time the central bank has reduced the interest rate in the last 100 days.This decision was …
Read More »Prime Minister Imran Khan defends govt’s Coronavirus response
Prime Minister Imran Khan advocated his government’s response to the coronavirus pandemic saying that there has been no confusion or contradiction in official policies since the start of this pandemic. Talking in the parliament during the budget session the Prime Minister said that he has repeated since day one the …
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