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Pakistan

Imran Khan addresses anti-govt jalsa in Gujranwala

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GUJRANWALA: PTI Chairman and former prime minister Imran Khan is addressing a public gathering in Gujranwala on Wednesday. 

Addressing the jalsa, the former premier — while referring to the no-confidence motion that ousted him from power — said that the country’s biggest thieves were brought together to overthrow an elected government through a “foreign conspiracy”.

He reiterated that he was calling the nation to march toward Islamabad to thwart the foreign conspiracy.

Praising his government and shedding light on the ongoing economic turmoil in the country, the PTI chairman said that there was a significant increase in exports during his tenure. “During the last nine months, the country’s exports increased by 26%,” he maintained.

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Senate Session: Senate Proceeds With Debate On Important National Issues

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Today, the Senate reconvened in the Parliament House in Islamabad, with Chairman Sadiq Sanjrani presiding.

The House has persisted in debating matters of national significance.

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Elections

Government Formation: PML-N & PPP To Hold New Round Of Talks Today

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The Pakistan Peoples Party and the Pakistan Muslim League-Nawaz would begin their second round of negotiations today.

In a casual chat with reporters, PML-N Leader Azam Nazir Tarar stated that the negotiations are progressing well.

Tarar went on to say that some decisions on PPP’s involvement in the Cabinet had already been made.

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Business

Over 600 points are added by PSX in intraday trading.

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Tuesday’s lunchtime trading on the Pakistan Stock Exchange saw favorable activity.

During intraday trading, the benchmark KSE-100 Index increased by 672.08 points, or 1.11%, and was trading at 61131.82 levels.

The KSE-30 Index was trading at 20,558.31 after adding 211.46 points, or 1.04%.

The Pakistan Muslim League-Nawaz (PML-N) and the Pakistan Peoples’ Party (PPP) had another round of discussions for the establishment of a central government the day before the rally in the local stock exchange.

In the meanwhile, Fitch Ratings has issued a warning, stating that the likelihood of default would rise in the event of a drawn-out discussion or the inability to reach an agreement with the International Monetary Fund (IMF).

According to the State Bank of Pakistan, which reported net foreign reserves of $8 billion as of February 9, 2024, up from a low of $2.9 billion on February 3, 2023, Pakistan’s external situation has improved recently.

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