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from The Indian Express https://ift.tt/FkrC6ux

KURRAM: The authorities have initiated steps to implement the peace agreement brokered between warring tribes for maintenance of peace in strife-torn Kurram district. The preparations have been completed for demolition of bunkers at Balash Khel and Khar Kali as part of the peace process, set to begin today under the peace agreement. The bunkers and fronts will be dismantled on the instructions of the district administration in Lower Kurram. Concerned government officials will be present for demolition of bunkers district administration said. Under the peace agreement, all fronts in the district will be demolished by February 1, and weapons used in the tribal clashes will be collected and disposed of. The agreement was a product of extensive negotiations and aims to bring lasting peace to the region. Trucks carrying essential supplies, including food, beverages, and medicines, have been delivered to the district, offering some relief to the residents enduring the effects of prolong...

The State Bank of Pakistan (SBP) announced the half-yearly schedule of Monetary Policy Committee (MPC) meetings on a rolling basis. As per the issued schedule the first meeting of the calendar year 2025 will be convened on Monday January 27 and decisions of the monetary policy committee will be announced later by the governor SBP in a press conference. The next MPC meeting is scheduled on Monday March 10 and the third meeting as per the half yearly schedule will be held on May 5 while the fourth MPC meeting is scheduled on June 16. Read more: SBP slashes policy rate by 200 basis points In its last MPC meeting on December 16, the State Bank of Pakistan (SBP) slashed policy rate by 200 basis points. It added that the inflation declined to 4.9 percent on a year-to-year basis in November2024, in line with the ‘MPC’s expectations’. “This deceleration was mainly driven by the continued decline in food inflation as well as the phasing out of the impact of the hike in gas tariffs in Nov...

MANDI BAHAUDDIN: At least six persons were killed and seven others injured in a blast in Kot Phulley Shah village in the vicinity of Phalia in Mandi Bahauddin district, ARY News reported on Saturday. Fireworks were being prepared in the house when the blast took place leaving six people including children and women died, while seven others injured in the deadly incident in Mandi Bahauddin district of Punjab. The rooftops of two houses were also collapsed in the fatal incident. Police said that two persons, Amir Shahzad and Imran Ali were preparing fireworks at the upper floor of their house when an electric short circuit caused the explosion. Rescue 1122 and police teams reached to the spot and retrieved bodies and injured from the debris and shifted them to the hospitals of Phalia, Mandi Bahauddin and Gujrat. from ARY NEWS https://ift.tt/Zp5nYF7

KARACHI: The buying rate for the Omani Rial in relation to the Pakistan Rupee (PKR) was recorded at Rs721.25, while the selling rate stands at Rs729.75 in the open market on Friday, January 10, 2025. The information provided on the currency website indicated that the Omani Rial (OMR) held steady against the Pakistani Rupee in the open market. The Omani Rial denoted as OMR, serves as the official currency of Oman and is subdivided into 1,000 smaller units called baisa. Conversion of 500 and 1000 OMR to Pakistani Rupees On January 10, the prevailing exchange rate suggests that 500 Rial is equivalent to Rs.360,625 whereas 1,000 OMR amounts to Rs.721,250 in Pakistani currency. Currency rates in PKR to USD, AED, SAR and others It is also important to highlight that the exchange rate of Rs Rs721.25 per OMR in the open market holds considerable significance for the large Pakistani expatriate population living in Oman, which is estimated to number approximately 250,000 individuals invol...

from The Indian Express https://ift.tt/ixP7beK

ISLAMABAD: The Supreme Court (SC) on Thursday adjourned the hearing on the intra-court appeal against the trial of civilians in military courts, ARY News reported. The bench, headed by Justice Aminuddin Khan, heard intra-court appeals challenging the decisions of military courts. The bench also comprised Justices Jamal Khan Mandokhail, Muhammad Ali Mazhar, Syed Hasan Azhar Rizvi, Naeem Akhtar Afghan, Musarrat Hilali, and Shahid Bilal Hassan, At the outset of the hearing advocate Khawaja Haris said that Article 233 does not suspend fundamental rights but rather applies in an emergency situation where rights can be suspended by the President. Justice Jamal Mandokhel emphasized that the executive carries out the orders of the President, and the executive holds the powers to manage such matters. Justice Muhammad Ali Mazhar questioned how some individuals were sent for trial in military courts while others were not, given that the FIRs for all the 9 May suspects were the same. Read mo...