Business

Snow Leopard Skins Seller Arrested in Punjab
Business, Pakistan

Snow Leopard Skins Seller Arrested in Punjab

The Punjab Wildlife Department (PWD) recently conducted a raid in Lahore, leading to the arrest of a man involved in the illegal trade of snow leopard skins. The skin of a snow leopard is highly prized in the international market, with an estimated value of around $20,000. In Lahore, the Punjab Wildlife Department successfully arrested a man who had illegally sold snow leopard skins. The arrest came after a raid in a private housing society, where authorities discovered the rare skin. Meanwhile, a single skin is valued at approximately $20,000 (around PKR 5.6 million) on the international market. According to the spokesperson, the suspect was part of a group using social media platforms to sell rare and expensive wildlife skins, putting endangered species like snow leopards at great...
Moody’s upgrades Pakistan’s ratings ‘Caa2’
Business

Moody’s upgrades Pakistan’s ratings ‘Caa2’

Moody's Investors Service has upgraded Pakistan's local and foreign currency issuer and senior unsecured debt ratings to Caa2 from Caa3. This is a significant development for Pakistan, as it indicates improved macroeconomic conditions and a reduction in default risk. Moody's Investors Service has upgraded Pakistan's credit rating from "Caa3" to "Caa2," with a positive outlook. This means that Pakistan's financial situation has improved somewhat, though challenges remain. The upgrade in Pakistan's ratings reflects better economic conditions, improved government liquidity, and more stable external financing. Accordingly, Pakistan's default risk has reduced to a level consistent with a Caa2 rating, as per Moody’s. “There is now greater certainty on Pakistan's sources of external financ...
Traders to Hold Nationwide Strike on August 28
Business, Pakistan

Traders to Hold Nationwide Strike on August 28

Traders across Pakistan will hold a nationwide shutterdown strike on August 28, responding to the government’s refusal to withdraw the controversial Tajir Dost Scheme. Kashif Chaudhry, President of the Traders Association, announced the strike after the government failed to address key concerns. Chaudhry revealed that the Federal Board of Revenue (FBR) has been in regular contact, but after two months of unproductive talks, he stated, “We will no longer continue negotiations without concrete action.” The strike targets the government’s decision to maintain the Tajir Dost Scheme and its unwillingness to revise agreements with Independent Power Producers (IPPs). Chaudhry emphasized that traders will not deposit advance tax under the scheme until the government abolishes it. He also wa...
Three Killed in Knife Attack at Solingen Festival
Business

Three Killed in Knife Attack at Solingen Festival

Three people were killed and eight others seriously wounded in a stabbing attack on Friday night at Solingen festival, a city in west Germany. A whole police department is running investigations to find the culprit. However, the real criminal is still at large. A joyous celebration turned tragic on Friday night when a knife attack claimed the lives of three people and injured eight others at a Solingen festival, a city in western Germany. The event was part of the city's 650th-anniversary celebrations. The jubilant event had drawn thousands of attendees to the central Fronhof market square. The attack occurred around 9:40 p.m. local time near a live music stage. Witnesses reported seeing a lone male assailant randomly stabbing people in the crowd before fleeing the scene. Among the ...
Flash Floods in Tripura: 10 Dead, Thousands Displaced
Business

Flash Floods in Tripura: 10 Dead, Thousands Displaced

Ten people have lost their lives due to the massive floods in Tripura, including a 12-year-old girl. Over 34,000 people have been forced to leave their homes and live in relief camps. The flood situation worsens, with heavy rainfall continuing and rivers overflowing. The floods affect multiple states in northeast India, including Tripura, Assam, Meghalaya, and Sikkim. Tripura, a state in northeastern India, is facing one of its worst flood situations in decades due to relentless heavy rains. The floods in Tripura, which began earlier this week, have claimed the lives of 10 people, including a 12-year-old girl. The most affected areas are in South Tripura, Gomati, and Khowai districts. More than 34,000 people have been forced to leave their homes. Over 6,600 families taking refuge in...