17 Posts

may

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PML-N to pick interim party president on May 18

  • 3 min
PML-N will select an interim party president on May 18, following Shehbaz Sharif's resignation. The decision will be made at a CWC meeting, which will be attended by Nawaz Sharif and Shehbaz Sharif. There has been a request for Nawaz Sharif to resume the party presidency, citing his leadership as crucial for the party's success.
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PTI directly ‘involved’ in May 9 incidents: Report

  • 2 min
A report presented before the federal cabinet alleged that Pakistan Tehreek-e-Insaf (PTI) was directly involved in the May 9 incidents, in which military installations came under attack following PTI founder Imran Khan's arrest. The cabinet has decided to make legislation regarding the incident and demanded cases against the perpetrators be concluded.
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Temperatures to soar, westerly wave enter in country on May 10

  • 3 min
The Met Office forecast that temperatures will significantly rise in most parts of the country, especially the southern half, due to high pressure in the upper atmosphere. A westerly wave entering on May 10th will bring above-normal temperatures, rain, dust or thunderstorms in various regions, affecting daily activities from May 8th to 12th.
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US optimistic Hamas proposal may break Gaza ceasefire impasse

  • 5 min
The United States is optimistic about Hamas's ceasefire proposal and believes that the remaining differences between Israel and Hamas can be resolved through negotiations. Talks have resumed in Cairo, with all delegations reacting positively. Israeli forces have seized the main border crossing between Gaza and Egypt, impacting aid and the humanitarian situation in the region.
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IMF mission to arrive in Pakistan in May for new loan

  • 3 min
IMF mission to arrive in Pakistan in May for new 'long-term and larger' loan negotiations, aiming to aid government in repaying debt. Challenges include a failed tax amnesty scheme, declining tax collections, and missing primary budget surplus targets. Pakistan received $1.1 billion tranche from IMF, seeking a new long-term and larger loan for macroeconomic stability and structural reforms.
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Saudi Arabia may hike May crude oil prices to Asia

  • 3 min
Saudi Arabia is considering raising the official selling price (OSP) for Arab Light and Arab Extra Light crude in May following the strengthening of Middle East benchmarks. This is driven by a narrowing backwardation structure, rising demand in Asia, and tight supply due to oilfield maintenance and OPEC+ production cuts. The May OSPs are expected to have increases ranging from 20 to 50 cents a barrel.
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Court approves interim bail of Sheikh Rasheed in May 09 riots case

  • 3 min
Former Federal Minister Sheikh Rasheed and 25 others were granted interim bail by the Anti-Terrorism Court in a case related to the May 09 riots. The bail was approved in connection with the vandalism of the RA Bazar police station and GHQ attack case. Sheikh Rasheed condemned the riots last year.
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USD: Dollar set for biggest weekly jump since May

  • 4 min
The US Dollar is poised for its largest weekly gain since May as expectations of early rate cuts dwindle. Its strength has impacted the euro, despite easing inflation pressure on the European Central Bank. Data supports the dollar’s momentum, and there's anticipation for influencing payrolls report later in the day. The Euro saw a sharp decline, reflecting uncertainty about ECB policy and inflation.
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May 9 riots: PTI founder summoned on Jan 9

  • 3 min
PTI founder Imran Khan has been summoned by an Anti-Terrorism Court in Rawalpindi regarding the May 9 riots. The riots followed the arrest of a former premier, resulting in attacks on military installations. Imran Khan, currently in Adiala Jail, is accused in cases related to the attacks. Riots across Pakistan led to clashes and protests.