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Showing posts from August 20, 2023

Bus crash in eastern Pakistan kills 18 people

  LAHORE, Aug 20 (Reuters) - At least 18 people were killed after a bus crashed and caught on fire in Pakistan's eastern Punjab province on Sunday, authorities said. The bus collided with another vehicle in the early hours of the morning while carrying 33 passengers from the southern port city of Karachi to the capital, Islamabad. "The unfortunate bus ... collided with a mini-truck loaded with three small tanks of petrol at around 4.30 am," said Fahad Ahmad, the police chief of Punjab's Hafizabad district. "The bus and the truck caught fire immediately, the result of which 18 people including the mini-truck driver died on the spot." He said another 16 people with serious injuries had been transferred to hospital. Fatal road accidents are common in Pakistan, where traffic rules are rarely followed and roads in many rural areas are in poor condition. More than  40 people were killed  in January after a bus fell into a ravine and caught fire in the southern Pak...

Stock Market Prediction: Unveiling Insights for Aug 21-25 Trading

  Stock Market Prediction Next Week (21-25 Aug 2023):   Indian stock markets ended lower for the fourth consecutive week,  the longest stretch of weekly declines of around 16 months. Sensex and Nifty ended with moderate losses due to the concern about the slowdown in China and renewed interest hike fear from the US after strong economic data. The persistent selling pressure from foreign investors in the local markets also hit the market sentiments during the week. In the coming week, the global cues will drive the domestic markets. China will announce the Loan Prime rate, US Fed Chair Powell’s speech at Jackson Hole Symposium, Michigan Consumer sentiments, and Flash PMI data from several countries will remain in focus. The FIIs activity and Crude oil prices will also remain in focus next week.  The other key factors likely to influence the stock market prediction are given below. Stock Market Prediction Next Week (21- 25 Aug 2023) Nifty & Bank Nifty Prediction Th...

Militant attack kills 11 labourers in Pakistan - caretaker PM

  PESHAWAR, Pakistan Aug 20 (Reuters) - Eleven labourers were killed in a militant attack in Northwestern Pakistan, caretaker prime minister Anwaar-ul-Haq Kakar said on Sunday in a post on social media platform X, formerly known as Twitter. Security and police officials in northern Khyber Pakhtunkwa province said a suspected improvised explosive device detonated, tearing through a truck carrying the workers to a construction project in Waziristan, near the Afghan border. "They were working at an army post that is under construction ... an IED exploded under a vehicle carrying the labourers," deputy commissioner of North Waziristan, Rehan Khattak said. No group immediately claimed responsibility for the blast. Pakistan has seen a resurgence of attacks by Islamist militants since last year when a ceasefire between the Pakistani Taliban, the Tehreek-e-Taliban Pakistan (TTP) and the government broke down. Other groups including the Islamic State have also claimed responsibility f...