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26pc out-of-school children concentrated in just 45 tehsils: report
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Spanish Prime Minister Pedro Sanchez condemned the Iranian strikes and called for an end to the “spi
Spanish Prime Minister Pedro Sanchez condemned the Iranian strikes and called for an end to the “spiral of violence” blighting the Middle East, reports. Foreign Minister Jose Manuel Albares said that Madrid was issuing “a new call to all the actors, obviously including Israel, to show restraint and not escalation”.
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Recommended Reads said the KSE-100 index experienced a bullish week, driven by anticipation of $7bn from the IMF Executive Board, for which a meeting is scheduled on Sept 25. Moreover, the first rate cut of 50bps by the US Fed since 2020 boosted market participation across Asian markets, including local bourses. The Large-Scale Manufacturing Industries (LSMI) output witnessed an increase of 2.4pc year-on-year in July, while on month-on-month, it shrank by 2.1pc. After four months, the country posted a current account surplus of $75m in August. The government rejected all bids in the T-bill auction on Wednesday. Moreover, the Pakistan Investment Bonds auction witnessed a , ranging from 190-335bps across all tenors. The State Bank of Pakistan’s foreign exchange reserves increased by $43m, reaching $9.5bn. Furthermore, the rupee appreciated 0.12pc against the dollar to Rs277.81. As a result, the market closed at 82,074.45 points, marking an increase of 2,741 points or 3.5pc week-on-week. Sector-wise positive contributions came from commercial banks (1,139 points), exploration and production (637 points), fertiliser (631 points), cement (161 points) and oil and gas marketing companies (74 points). Meanwhile, the sectors that mainly contributed negatively were refinery (30 points), engineering (29 points) and glass and ceramics (24 points). Scrip-wise positive contributors were Mari Petroleum (567 points), Fauji Fertiliser Company (324 points), Meezan Bank Ltd (304 points), Engro Fertiliser (287 points), and MCB Bank (278 points). Meanwhile, scrip-wise negative contributions came from National Bank of Pakistan (33 points), Pakistan Petroleum Ltd (29 points), DGKC (27 points), Fauji Fertiliser Bin Qasim (23 points) and Tariq Glass Industries (22 points). Aggressive selling by foreigners clocked in at $23m compared to a net sell of $7.5m last week. Major selling was witnessed in fertiliser ($9.8m), E&P’s ($6.1m) and banks ($2.8m). On the local front, buying was reported by mutual funds ($15.5m), followed by individuals ($4.4m) and banks ($3.3m). The average volume dipped 22.6pc to 469m shares while the value traded jumped 20.9pc to $66m week-on-week.
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. The film, which catalogues the 800-year history of the qawwali tradition in the region and premiered at the Gandhara Film Festival in Karachi, has so far been screened at 16 different venues worldwide in its festival run and won accolades along the way too. Way to go, team Songs of the Sufi! This year’s MTV Video Music Awards (VMAs) were held at the UBS Arena in New York. They were a huge success. Taylor Swift was also there. She broke Beyonce’s record of 26 solo awards by winning seven on the night, taking her total tally to 27. In terms of overall wins, they tie at 30. Interestingly, at the event, she was all by herself and her plus-1 (NFL player Travis Kelce) wasn’t there. According to sources, he couldn’t make it to the event because he was practising with his Kansas City Chiefs team for an important upcoming match. He did, though, give a positive message to his girlfriend on a podcast: “Hopefully, she can walk away with some Moonmen!” Just to clarify, by ‘Moonmen’ he meant the VMA trophies, not any real men. On the morning of September 11, actresses Malaika Arora and Amrita Arora’s father, Anil Mehta, jumped off a building in Bandra, Mumbai, and committed suicide. The reason for taking his own life could not be ascertained by the time of filing this news item. It’s a sad story and reaffirms the importance of mental health. While issues are prevalent in all segments of society, those who come from known and more prosperous backgrounds are certainly not immune to mental health problems. We hope that his family has the strength to bear this tragic loss.
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