Auto parts makers highlight constraints

LAHORE: The Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) has reaffirmed its commitment to strengthening the country’s auto parts industry, describing it as a key contributor to industrial development, employment generation and import substitution, according to a statement on Monday. PAAPAM Chairman Usman Malik said the local auto parts industry has invested billions…

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Judiciary proposes Commercial Court

Recommends insertion of a new Article 212A in Constitution to form new judicial forum ISLAMABAD: Pakistan’s superior judiciary has recommended the establishment of an International Commercial Court of Pakistan (ICCP) through a proposed constitutional amendment aimed at strengthening the country’s commercial dispute resolution framework and boosting investor confidence. The recommendation was made during the 49th…

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Selective buying helps PSX close in green

Index recovers from steep early losses caused by regional conflict, ends up by 125 points KARACHI: Pakistan Stock Exchange (PSX) endured another volatile session on Monday as escalating tensions in the Middle East kept investors on edge, although late-session buying helped the benchmark index erase steep early losses and end trading marginally higher. The KSE-100…

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Flash floods kill 20 in Afghanistan

KABUL: At least 20 people were killed in flash floods in northeastern Afghanistan on Monday, the Taliban-run government said. The death toll was expected to rise, with 100 people still missing on Monday night. Most of the damage was reported from Parun, the capital of Nuristan, the Taliban’s National Disaster Management Authority said in a…

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Major rivers swell amid fresh flood alerts

FLASH FLOODS: Rescue workers assist stranded motorists after heavy monsoon rains inundate roads in Landi Kotal, Khyber district. PHOTO: PPI PESHAWAR/ISLAMABAD: Water levels surged across Pakistan’s major rivers on Monday as heavy monsoon rains swelled flows and officials said upstream spillway releases from Indian dams added to inflows, prompting fresh flood alerts, the operation of…

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Students march on Indian parliament

Youth-led protesters answer call of Cockroach Janta Party to demand accountability and sweeping reforms after exam sca STATE BRUTALITY: Police members use batons to disperse supporters of the Cockroach Janta Party in New Delhi. PHOTO: REUTERS NEW DELHI: India’s riot police baton-charged protesters in New Delhi as they tried to march to parliament on Monday,…

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