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QUETTA: At least seven people were reportedly killed in a ‘suicide’ explosion in Balochistan’s Jhal Magsi district on Thursday.
Sources said the the explosion took place inside the Fatehpur shrine as Urs celebrations were underway.
“It was a suicide blast and a police constable was also killed in the blast,” Balochistan government spokesperson Anwarul Haq Kakar told Reuters.
He added that the constable was killed while attempting to stop the suicide bomber from entering the shrine.
According to hospital sources, condition of several people injured in the explosion is critical.
This developing news story is being updated and more details will be published shortly.
The post At least 7 killed in Balochistan shrine blast appeared first on The Express Tribune.
Source: Tribune News | At least 7 killed in Balochistan shrine blast
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You’d be hard-pressed to find someone who hasn’t enjoyed at least one Julia Roberts movie.
The legend’s films were celebrated on The Late Late Show in a hilarious segment that saw her taking on all her former roles alongside James Corden. In under 10 minutes, the duo manage to successfully remake the majority of her classics—everything from Notting Hill to Eat Pray Love to Pretty Woman.
Don’t look away too early or you’ll miss their delightful performance of “I Say A Little Prayer.” Read more…
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Source: Mashable | Julia Roberts reprises her greatest roles in a hilarious video with James Corden
Indian Prime Minister Narendra Modi has strongly defended the economic measures his government has taken and bashed those criticising his regime over the Indian economy’s recent slowdown, Hindustan Times reported.
Modi’s attack against those who criticised the government policy comes after the Indian economy saw the slowest expansion in three years during the past three months ending in June. The slowdown made many censure the economic policies including former finance minister Yashwant Sinha and former disinvestment minister Arun Shourie, both once leading lights of Modi’s own Bharatiya Janata Party (BJP).
Modi, however, remains adamant and satisfied with the policies and went on to say in a latest talk that his government is “committed to reversing the trend” and will not jeopardise India’s future.
While lashing out at his critics, he said it was fine to criticise government policies but they should not spread negativity in such times.
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Sanjeev Sanyal, principal economic adviser at the ministry of finance, shed light on the issue and said: “While the prime minister has acknowledged the slowdown in recent quarters, he pointed out that macro parameters such as current account deficit, foreign exchange reserve and inflation are in the best shape ever.”
“One must remember that difficult reforms have been introduced for long-term growth,” Sanyal added.
The Indian prime minister further defended his demonetisation policy saying that it was a necessary step taken to stop ‘the menace of black money’.
“People coming to mainstream (from the informal economy) fear that their old records may be reopened. We will not let that happen because earlier their old way of business was necessitated by prevailing circumstances. Nothing is more sinful than blocking those who want to come to the mainstream. Let bygones be bygones,” Modi said.
In his hour-long talk, the Indian prime minister emphasised how his government managed to get hard-won macroeconomic stability while also pointing out the data which shows the emergence of green shoots in Indian economy.
This article originally appeared on Hindustan Times.
The post Narendra Modi lashes out at critics over Indian economy slowdown appeared first on The Express Tribune.
Source: Tribune News | Narendra Modi lashes out at critics over Indian economy slowdown
KARACHI: The trading session provided some respite to the battered stock exchange despite volatile trading on Thursday with value buying in the opening and closing hours overcoming selling pressure to take the market up a notch.
Selling pressure was the most evident in the cement sector where notable names ended in the red zone.
Ongoing political uncertainty also continued to dent investor interest amid thin trading in stocks listed on the KSE-100 index.
At close, the benchmark KSE-100 index registered a rise of 7.49 points or 0.02% to stand at 40,468.49.
Elixir Securities, in its report, stated that Pakistan equities closed little changed after witnessing volatile trading with the benchmark index trading in a wide range of 800 points.
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“The day started on a positive note as the wider market carried momentum from the late surge yesterday (Wednesday) with the index gaining as much as 360 points in early hours to test highs above 40,800,” the report said.
However from there on, it was all downhill as profit-taking amid shallow depth of bids on screen put the index on a path of steady decline. Cement stocks borne the brunt of selling pressure.
The final 90 minutes of trading saw the index bounce back from the 40,000 support, driven by value buying in notable blue chips. Overall, the market witnessed lower activity as turnover on the KSE All-share Index fell 15%.
One noteworthy announcement was of Pioneer Cement (-3%) that signed an MoU with sponsors of Galadari Cement to acquire a 100% stake in their 3,500-ton-per-day partially constructed plant.
“(We) expect volatile and choppy trading to continue tomorrow (Friday) while flows will set tone in the wider market in the days ahead,” Elixir added.
Overall, trading volumes fell to 150 million shares compared with Wednesday’s tally of 192 million.
Market watch: KSE-100 gets a hammering as political turbulence intensifies
Shares of 405 companies were traded. At the end of the day, 165 stocks closed higher, 221 declined while 19 remained unchanged. The value of shares traded during the day was Rs8.2 billion.
TRG Pakistan was the volume leader with 12 million shares, gaining Rs0.33 to close at Rs34.20. It was followed by Chakwal Spinning with 7.51 million shares, losing Rs1 to close at Rs10.92 and The Bank of Punjab with 7.45 million shares, gaining Rs0.04 to close at Rs9.09.
The post Market watch: Stocks take a breather as index rises marginally appeared first on The Express Tribune.
Source: Tribune News | Market watch: Stocks take a breather as index rises marginally
Bad news for FedEx and UPS—Amazon is coming to eat their lunch.
Amazon is testing a new delivery service with the intention of making more products available for free two-day delivery, according to a Bloomberg report. The service would also help take pressure off of overcrowding issues at its warehouses.
The plan would put Amazon in direct competition with its longtime partners UPS and FedEx, which currently manage most of the two-day deliveries made by Amazon Prime members. Following the revelation this morning, UPS shares were down 2.3 percent and FedEx shares were down 2 percent in premarket trading. Read more…
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