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Karachi, there’s a new bus service in town

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Karachi welcomed a new public transport facility – the Peoples Bus Service – Monday. The best part is: it won’t cost you more than Rs50 (depending on your route, of course).

It was inaugurated by Foreign Minister Bilawal Bhutto-Zardari. The politician had a ride on the bus himself as well to review the facilities.

A total of 240 red coloured hybrid air-conditioned buses have been procured from China for the intra-district bus project that became operational today. The buses will be plied on seven routes across the metropolis. 

Sindh Minister for Information and Transportation Sharjeel Memon said that the bus service will be operational on Route 1, from Model Colony to Tower, which comprises 38 stations spread across 29.5 kilometres, under which 30 buses will operate from 7am to 12am.

Route 1 explained in illustration by Sana Batool.
Route 1 explained in illustration by Sana Batool.

The bus service project has six other routes which include North Karachi to Indus Hospital, Korangi, Nagan Chowrangi to Singer Chowrangi, Korangi Industrial Area, North Karachi to Dockyard, Surjani Town to PAF Base Masroor, Gulshan-e-Bihar, Orangi Town to Singer Chowrangi and Mosamiyat to Baldia Town.

Karachi, theres a new bus service in town

Memon said that the service will kick off on the route from North Karachi to Korangi from next week and it will be fully operational on the remaining routes by August 14. He further stated that 130 more buses will reach Karachi port this week.

PPP leaders react

“Happy to inform that #Peoples Bus Service has become operational & will operate from Malir Halt to Tower. #SindhGovt has procured 240 new hybrid air conditioned buses for #Karachi which will operate on 7 different routes. Chairman #PPP will formally inaugurate the service today,” PPP’s Murtaza Wahab wrote.

PPP senior leader Sharmila Faruqui also shared a picture of herself travelling in the newly launched bus service with other PPP leaders.

Latest News

Train hits dumper at Gojra level crossing

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At an unmanned level crossing in Gojra late on Sunday night, a train carrying two Rehman Baba Express drivers was injured when it struck a dumper.

Rehman Baba Express struck a dumper at Gojra level crossing No. 99 while traveling from Peshawar to Karachi, according to details. Two train drivers were stranded inside the debris, and the train’s engine sustained significant damage in the crash.

When rescue personnel arrived, they broke the engine’s body to free the drivers who were still in critical condition. All of the passengers were safe throughout the collision, according to railway authorities.

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Latest News

There won’t be a total solar eclipse today in Pakistan.

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This Wednesday will be the first full solar eclipse of the year. But it won’t be visible in Asia.

Around 11:07 am PDT, or 9:07 pm local time in Pakistan, the eclipse will initially be visible near the Pacific Coast of Mexico. After that, the eclipse will pass through a large region of the United States, from Texas to Maine, and into Canada.

The total eclipse will last for four minutes, and the eclipse will continue for five hours and ten minutes.

The eclipse will proceed into Texas, passing through over a dozen states before reaching southern Ontario in Canada, according to NASA. At around 5:16 p.m. NDT, the eclipse will leave mainland North America and go out of Newfoundland, Canada.

According to NASA, there is a path where the eclipse will be visible in its entirety, and outside of this area, spectators may notice a partial eclipse, in which the moon covers part of the sun but not all of it.

In the ensuing two decades, there won’t be another full solar eclipse. On October 2, South America will witness the second solar eclipse of the year. Yet it will just be a portion of it.

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Business

Pakistani stocks are rising, and the KSE-100 breaks the 69,000 barrier.

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The benchmark KSE-100 Index increased 1.76 percent on Monday, passing beyond the 69,000 barrier for the first time in its history. This maintained Pakistani stock market’s record-breaking run, as investors remained upbeat about potential rate cuts by the central bank.

The most recent advances also follow Prime Minister Shehbaz Sharif’s iftar dinner given by Saudi Crown Prince Mohammed bin Salman in Makkah, at a time when Riyadh is anticipated to announce an approximately $1 billion investment in Reko Diq, one of the world’s greatest reserves of copper and gold.

After reaching a high of 69,720.03, the KSE-100 Index concluded at 69,619.98 with a net gain of 1,203.20 points by the time trading was closed for the day. This was due to international investors, both individual and institutional, making purchases.

The meeting between Shehbaz and the Saudi crown prince, also referred to as MBS, may open doors for investment in a variety of industries, including mining, energy, and agriculture.

With record-high energy and interest rates driving up the cost of conducting business to an unaffordable level, investors are clamoring for foreign investment to prop up the economy.

Any improvement in this area would not only contribute to the rupee’s appreciation but also increase the value of cheap equities due to the anticipated purchasing frenzy, as buyers will not pass up the chance to purchase at the reduced prices.

However, there is a big question mark over the heightened expectations that the State Bank of Pakistan will begin reducing interest rates following the consumer price index (CPI) showing a steady fall in inflation over the past three months, particularly the greater than anticipated decline in March.

The reason is that, given Islamabad’s desperation to secure another package from the Washington-based lender, there is an impending hike in gasoline costs in addition to power and gas charges. This move will further sustain the inflationary pressure under the IMF criteria.

Meanwhile, the most recent US data has reduced expectations for potential rate reduction by the Federal Reserve, which is driving up the price of gold as speculative purchasing occurs.

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