Blog

  • 11 killed, 2 injured as passenger van plunges into river in GB’s Ghizer: police

    11 killed, 2 injured as passenger van plunges into river in GB’s Ghizer: police

    GILGIT: Eleven people were killed and two injured when a passenger vehicle plunged into a river in Gilgit-Baltistan’s Ghizer district on Thursday.

    According to local police, a passenger van was en route to Ghizer’s Yasin Valley from Gilgit on Thursday evening when the driver lost control near Morkah Bridge, causing the van to plunge into the Yasin river.

    Police initially said rescue teams retrieved the bodies of 10 passengers, including two women. They also rescued three injured passengers, including a child, who were taken to the Gupis Civil Hospital for treatment.

    In an update, police said the death toll had risen to 11, including an infant, while two were injured.

    Police said the deceased and injured were residents of Yasin Valley, adding that an investigation was under way to identify the cause of the incident.

    GB Chief Minister Amjad Hussain expressed deep grief and sorrow over the loss of lives in the accident.

    He directed the district administration, rescue agencies, and relevant health department officials to ensure the injured were immediately transported to nearby hospitals and to utilise all available resources to provide the best possible medical facilities.

    He also instructed the administration to ensure that no negligence occurred during rescue operations, and that the medical treatment and care of the injured were carefully monitored.

    Expressing heartfelt condolences and sympathies to the bereaved families, Hussain said the loss of human lives in the tragic accident was “deeply distressing”.

    He prayed for eternal peace for the deceased and strength to their families to bear the loss, while hoping for the speedy recovery of the injured.

    Three people were killed and 13 others injured in a collision between a coach and a motorcycle in Khyber Pakhtunkhwa’s Dera Ismail Khan on Wednesday, according to Rescue 1122.

    Last week, eight people were killed and 30 others injured when a passenger bus travelling from Gilgit to Islamabad collided with a dumper truck near the Havelian Interchange on the Hazara Motorway.

    The day before, a collision between a passenger bus and a truck claimed the lives of 11 people and left 33 others injured near Punjab’s Pakpattan.

    11 killed, 2 injured as passenger van plunges into river in GB's Ghizer: police

    Source: dawn

  • 3 terrorists killed, 2 civilians dead as attack on Mastung post repelled: state media

    3 terrorists killed, 2 civilians dead as attack on Mastung post repelled: state media

    Security forces killed three terrorists on the N-25 highway in Balochistan’s Mastung district while repelling an attack on Kandawa Post, state broadcaster Radio Pakistan reported on Thursday, citing police.

    According to a spokesperson for Balochistan Police, terrorists belonging to Fitna al Hindustan attempted a “cowardly attack at Kandawa Post on National Highway N-25 using an explosives-laden vehicle”.

    The state has designated Balochistan-based terrorist groups as Fitna al-Hindustan to highlight India’s alleged role in terrorism and destabilisation across Pakistan.

    Security forces repulsed the attack through timely and effective action, the police statement said.

    However, two civilians lost their lives in the incident, while at least 13 others were injured, according to a list of names in the police statement.

    Three Frontier Corps personnel were also injured in the incident, the statement added. “The explosion caused damage to nearby houses and a mosque.”

    In the ensuing retaliatory operation, three terrorists were killed, the police said.

    The injured people were taken to medical centres for treatment.

    “The attack demonstrates that these terrorists have no connection with the people of Balochistan,” the police stressed.

    “Operations against elements seeking to undermine peace, development, and prosperity in Balochistan will continue, and the protection of the lives and property of the people will be ensured under all circumstances,” it affirmed.

    Balochistan has witnessed an increase in terrorist activities in recent years, prompting security forces to intensify counter-terrorism operations.

    Earlier this month, a soldier was martyred and 17 terrorists were killed in two intelligence-based operations (IBOs) in Balochistan’s Kachhi and Kharan districts, Inter-Services Public Relations (ISPR) said.

    In early October, security forces killed five terrorists belonging to Fitna al-Hindustan in Mastung, Pakistan TV reported.

    Pakistan witnessed a significant improvement in several key security indicators during October, with terrorist attacks declining by 37 per cent compared with September, according to the Pakistan Institute for Conflict and Security Studies (PICSS).

    Balochistan recorded one of the most significant improvements, with terrorist attacks declining by 46pc, from 132 in September to 71 in October.

    Source: dawn

  • The economics of ‘log kya kaheinge’

    The economics of ‘log kya kaheinge’

    In Pakistan, few questions carry as much economic weight as four seemingly harmless words: ‘log kya kaheinge’ (what will people say).

    It is usually treated as a cultural cliché, something parents say when a daughter wants to marry differently, a family considers a modest wedding, or someone chooses a career that does not fit conventional expectations. However, behind the phrase lies an economic force that is rarely examined: the pressure to spend, earn, own, and live in ways that signal social standing.

    In other words, log kya kaheinge? can influence not just what Pakistanis think, but what they buy.

    Consider the wedding. A family may know that spending several million rupees on a wedding is financially imprudent. Yet reducing the number of functions, inviting fewer guests or choosing a simpler venue can feel socially costly. The economic calculation is no longer simply “Can we afford this?” It becomes “What will people think if we do not?”

    This is where consumption becomes a form of social signalling. A wedding is not only a celebration; it can become a public display of status. The venue, décor, clothes, jewellery, photography, guest list, and number of events all communicate something about the family. The same logic applies to cars, homes, schools, holidays, and even restaurants.

    Economists have long recognised that consumption can serve purposes beyond satisfying basic needs. People consume partly to signal wealth, taste or social position. In Pakistan, the pressure can be particularly visible because communities are often closely connected and social comparisons are difficult to escape. Relatives, neighbours, colleagues, and social media provide an almost continuous audience.

    The result is a curious contradiction. A household may be financially constrained while simultaneously feeling compelled to maintain an appearance of financial comfort.

    The same phenomenon can influence career decisions. A young person may choose medicine, engineering, law or another traditionally prestigious profession despite having different interests, because certain careers carry greater social approval. Conversely, someone may hesitate to pursue a less conventional but potentially rewarding path because explaining it to relatives feels harder than following the expected route.

    There is an economic cost to such decisions.

    When people allocate money towards status rather than utility, the opportunity cost can be substantial. Money spent on an elaborate wedding cannot simultaneously be invested, used to purchase a home, fund further education or provide financial security. A larger house in a prestigious neighbourhood may come with years of additional debt. An expensive car may consume income that could otherwise build savings.

    This does not mean that every expensive purchase is irrational. People derive genuine pleasure from celebrations, beautiful homes, good clothes and comfortable cars. The economic problem emerges when the primary motivation is not what the household actually values, but the anticipated judgement of others.

    Social media has amplified this pressure. Previously, comparison might have been limited to one’s neighbourhood or extended family. Today, people are exposed to carefully curated versions of hundreds of other people’s lives. Weddings become productions for Instagram; holidays become visual evidence of success; homes and wardrobes become content.

    The consequence is what might be called aspirational inflation: as visible standards rise, ordinary consumption can begin to feel inadequate.

    Yet, there is another side to the economics of log kya kaheinge? Social expectations can also constrain consumption. Families may avoid spending on things they genuinely value because those choices are considered unconventional. People may remain in unsuitable careers or relationships because leaving would invite criticism. These decisions have economic consequences too, because they affect labour-market participation, mobility and the allocation of human capital.

    The phrase, therefore, operates at two levels. It can encourage people to spend more than they otherwise would, while simultaneously discouraging them from making choices that might improve their long-term economic wellbeing.

    The solution is not to declare status-conscious consumption irrational or to suggest that social expectations can simply be ignored. Humans are social beings, and reputation has real value. The more useful question is whether the price of maintaining that reputation is worth paying.

    For households, that may mean asking a deceptively simple question before making a major financial decision: If nobody else were going to see this, would we still choose it?

    If the answer is no, the expenditure deserves a second look.

    Pakistan’s financial pressures are often discussed in terms of inflation, interest rates, exchange rates, taxes and declining purchasing power. These are undeniably important. However, household economics is also shaped by something far less measurable: the desire to keep up with everyone else.

    Perhaps log kya kaheinge? should therefore be understood not merely as a question of social approval, but as a line item in the invisible household budget. And sometimes, it may be the most expensive one.


    The article does not necessarily reflect the opinion of Business Recorder or its owners.

    Source: brecorder

  • Govt cuts petrol price by Rs3, diesel by Rs4 per litre

    Govt cuts petrol price by Rs3, diesel by Rs4 per litre

    Pakistan government on Thursday reduced the price of petrol by Rs3 to Rs332 per litre, and the price of high-speed diesel (HSD) by Rs4 to Rs360 per litre, effective Friday, November 13, 2026.

    In its press release, the Oil and Gas Regulatory Authority (OGRA) said the prices were worked out under the petroleum products pricing mechanism approved by the federal government.

    Govt cuts petrol price by Rs3, diesel by Rs4 per litre

    The new prices are effective for Friday, November 13.

    On Wednesday, the government reduced the price of petrol by Rs3 to Rs335 per litre and the price of HSD by Rs7 to Rs364 per litre.

    Globally, oil prices edged higher on Thursday after earlier losses, as persistent geopolitical tensions in the Middle East and Russia offset pressure from rising crude output.

    Brent futures were up 65 cents at $93.40 a barrel at 1425 GMT. US West Texas Intermediate crude was up 1 cent to $86.54; both contracts fell more than $1 per barrel in early Asian trading. They were also headed for a weekly fall.

    Source: brecorder

  • Who is Nvidia interim CEO Colette Kress?

    Who is Nvidia interim CEO Colette Kress?

    Nvidia finance chief Colette Kress is set to take over as interim CEO from Jensen Huang, the company said on Thursday, putting her in charge of the chipmaker whose processors power the world’s most advanced supercomputers and AI data centers.

    The appointment comes after the board ousted co-founder and CEO Jensen Huang amid reports of two extramarital affairs, one with a woman alleged to be a Chinese spy.

    Here are five facts about Kress:

    CFO since 2013

    Kress joined Nvidia in September 2013 as executive vice president and chief financial officer and has held the post since. She has appeared alongside Jensen Huang on the company’s quarterly earnings calls.

    Nvidia’s revenue was $4.13 billion in the fiscal year she joined and $215.9 billion in fiscal 2026.

    Career before Nvidia

    Before Nvidia, Kress spent eight years in finance roles at Texas Instruments, then worked at Microsoft from 1997 to 2010. At Microsoft, she became chief financial officer of the Server and Tools division in 2006, with responsibility for its financial strategy, planning and reporting.

    Also read: Nvidia CEO Jensen Huang resigns in big blow to AI boom

    She moved to Cisco in 2010 as senior vice president and chief financial officer of its Business Technology and Operations Finance organization, where she was responsible for financial strategy and business development. She left for Nvidia in 2013.

    Education and experience

    Kress holds a bachelor of science degree in finance from the University of Arizona and a master of business administration degree from Southern Methodist University, according to Nvidia’s annual report filed with the US Securities and Exchange Commission.

    She joined Nvidia after nearly 25 years in finance roles at major technology companies, Fortune reported in 2024. She told Fortune Nvidia was the smallest company she had worked for when she started there in 2013.

    Contract terms

    Executive officers at Nvidia are employed at will and have no individual employment, severance or change-in-control agreements, according to the company’s proxy statement. Nvidia has said in earlier filings that many of its peer companies offer such agreements.

    Regulatory filings show Kress’ pay includes restricted stock units, including a March 2026 award that vests over four years.

    Wealth

    Forbes ranks Kress No. 32 on its 2026 list of America’s richest self-made women. Her shares in the chip firm were valued at roughly $750 million, as of Wednesday’s close, down from more than $1 billion at the stock’s peak last month.

    Source: brecorder

  • High-speed diesel price dips by Rs4 per litre, petrol by Rs3

    High-speed diesel price dips by Rs4 per litre, petrol by Rs3

    The government on Thursday reduced the price of petrol by Rs3 per litre and that of high-speed diesel (HSD) by Rs4, marking the eighth consecutive decrease.

    Following the revision, petrol will retail at Rs332 per litre, while HSD will cost Rs360 on Nov 13 (Friday), according to a notification by the Oil and Gas Regulatory Authority (Ogra).

    The government continues to levy Rs114 per litre in taxes and duties on petrol and Rs100 per litre on diesel.

    Under an arrangement announced on Nov 2, for 30 days, oil refineries will contribute to the petroleum levy by bearing a cumulative impact of Rs15 billion, according to the government. This allows a Rs14.71 reduction in the petrol price at the consumer end.

    On Sept 17, the government rolled out the Prime Minister’s Fuel Relief Scheme across the country to ease the public’s burden amid rising fuel prices due to the Middle East situation.

    The subsidy scheme applies to owners of motorcycles, rickshaws and vehicles of up to 800cc.

    Oil prices edged higher on Thursday after earlier losses, as persistent geopolitical tensions in the Middle East and Russia offset pressure from rising crude output.

    Brent futures were up 65 cents at $93.40 a barrel at 7:25pm PKT. US West Texas Intermediate crude was up 1 cent to $86.54; both contracts fell more than $1 per barrel in early Asian trading. They were also headed for a weekly fall.

    Rise in fuel prices

    The price of HSD has come down from a peak of Rs520.35 recorded on April 3. Its price had started rising from Rs281 per litre after the US-Iran war broke out on Feb 28.

    The petrol price had peaked at Rs458.41 on April 3 after beginning its upward trajectory from Rs266 in the first week of March.

    Meanwhile, the government has reintroduced a raft of austerity measures in response to rising fuel prices amid the ongoing Middle East conflict. Under these measures, markets are required to close by 9pm, and fuel allocations for official vehicles have been cut by 50pc for three months.

    Since July 17, the government has been revising fuel prices on a near-daily basis due to fluctuations in international market prices following renewed hostilities between Iran and the US.

    The petroleum minister stated that the cabinet and the prime minister had decided to give Ogra the responsibility of deciding fuel prices on a daily basis based on international market trends.

    Prior to this, the government had been announcing weekly revisions to fuel prices since early March, alongside measures for the conservation of fuel amid possible oil supply disruptions due to the conflict. The federal government had also announced targeted relief measures in April to provide subsidised fuel.

    Petrol is mainly used in private transport, small vehicles, rickshaws and two-wheelers, and changes in its price affect the middle and lower-middle classes.

    Similarly, changes in diesel prices also impact the public at large, as it is mainly used in the heavy transport sector, power plants and large generators.

    Petrol and HSD are the major revenue earners, with monthly sales of about 700,000 to 800,000 tonnes, compared to just 10,000 tonnes of monthly demand for kerosene.


    Additional input from AFP

    Source: dawn

  • Naqvi says referendum best way to decide on new provinces

    Naqvi says referendum best way to decide on new provinces

    Interior Minister Mohsin Naqvi has proposed holding a referendum to seek public opinion on the creation of new provinces, saying all political parties have the right to express their views on the matter.

    Addressing a press conference at the National Cyber Crime Investigation Agency (NCCIA) Lahore office, the minister said the proposal should not be pursued if people opposed the creation of new provinces. However, if they supported it, new provinces should be established accordingly, he added.

    “The best solution is to seek the people’s opinion through a referendum,” Naqvi said.

    The debate over creating new provinces in Pakistan has resurfaced amid calls for administrative restructuring, decentralisation of power and improved governance.

    The issue gained renewed momentum in July 2026 after Naqvi called for the creation of additional administrative units, arguing that structural reforms were needed to address governance challenges.

    Responding to a question about the political situation, he said all political parties, including the Pakistan Tehreek-e-Insaf (PTI), were entitled to their legal rights, and any relief granted by courts would be available to them.

    The minister said various rumours had been circulating over the past couple of days about possible political developments, but there had been no extraordinary change in the situation.

    Speaking about corruption, the minister said it existed across the country and must be acknowledged and addressed through evidence-based action. He said the government was also taking action against corruption within public sector institutions, disclosing that the NCCIA had arrested a Grade-17 government officer, while five major cases involving public sector institutions were under investigation.

    Responding to a question about inappropriate content being circulated by social media bloggers, he urged people to avoid promoting such material and said action would be taken in accordance with the law.

    Rejecting reports of differences among coalition partners, Mohsin Naqvi said the Pakistan Peoples Party, Pakistan Muslim League-Nawaz, and other allied parties were important partners in the government.

    All major decisions would be taken through consensus, and efforts would be made to prevent differences being portrayed as divisions within the coalition, he added.

    Meanwhile, the minister announced that the facility to lodge cybercrime complaints through NADRA’s Pak ID platform would be launched soon. The initiative would ensure that every complaint was digitally recorded, enabling authorities to track its progress and monitor the action taken, he added.

    He said a meeting with the prime minister was scheduled for next week to brief him on the NCCIA’s resources and requirements. Highlighting the shortage of staff, he said the agency had only 61 personnel, ranging from drivers and constables to the Director Punjab, for a population of 140 million.

    Naqvi disclosed that the NCCIA had uncovered a major gang involved in facilitating approximately 5,000 Pakistanis to pass examinations of international educational institutions through fraudulent means.

    He said action would be taken against the network as well as the 5,000 Pakistanis who had obtained undue benefits through the scheme. He termed it a major scam whose timely detection had prevented potential damage to Pakistan’s interests.

    The minister further said the National Centre for Missing and Child Abuse had arrested 15 individuals during the previous month for their alleged involvement in child exploitation and the distribution of pornographic content in Punjab, particularly Lahore. The suspects were reportedly connected with various international websites.

    He added that several other cases, including an FBI-related case, a call centre case and a child exploitation case, had also been resolved.

    Source: brecorder

  • Imran’s key message from jail is to ‘stick firmly to the ideology’: PTI secretary general

    Imran’s key message from jail is to ‘stick firmly to the ideology’: PTI secretary general

    Incarcerated PTI founder Imran Khan wants his party leaders to “stick firmly to the ideology” of the party, PTI Secretary General Salman Akram Raja said on Thursday.

    Following the Islamabad High Court’s order to jail authorities to facilitate meetings for legal consultation, lawyers Barrister Salman Safdar and Advocate Latif Khosa were able to meet Imran and his wife, Bushra Bibi, at the Adiala jail on Wednesday.

    According to both lawyers, the meeting lasted at least three hours and mainly focused on the couple’s legal and health issues. However, they did not divulge further details; the government often objects to lawyers using such meetings to make political statements.

    Speaking on Geo News programme ‘Capital Talk’ on Thursday, Raja said that he had multiple detailed conversations with Barrister Safdar following the latter’s meeting with Imran.

    “Imran Khan’s fundamental message was to stick firmly to the ideology,” the PTI secretary general said, conveying details he heard from Safdar.

    “I have also been directed to stick to [our] ideology,” Raja added, noting that Imran’s “fundamental message is not to bow”.

    He further said Imran reiterated his support for National Assembly Opposition Leader Mehmood Khan Achakzai and Senate Opposition Leader Allama Raja Nasir Abbas, whom the PTI founder had picked for their respective roles.

    He quoted Imran as saying that Achakzai and Abbas were not individuals who would “bow down or be sold”, and he had nominated them after deep contemplation.

    “Imran Khan sahib’s directives will be acted upon,” the PTI secretary general declared.

    He added that Imran had also issued instructions on the issue of the formation of new provinces during his meetings with Safdar, including the one on Nov 2.

    “Imran Khan is not ready to step back from his ideology of democracy and public welfare […] the rule of the people is the foremost priority of Imran Khan,” Raja stated.

    He said that Imran considered concerns related to his well-being as unnecessary; however, the party was concerned about his health, as Imran’s blood pressure was not stable.

    Raja claimed that Imran had also reported in yesterday’s meeting about his blood pressure “reaching 193 on Saturday”.

    Asked whether this message could be considered political and thereby hinder chances of future jail meetings, Raja contended that although a handful of matters were discussed during the three-hour-long huddle, everything was monitored and recorded via microphones.

    He noted that Khosa, who was also an MNA, has made several statements after the meeting, which “compelled Safdar to clarify matters”.

    Regarding himself, the PTI secretary general said Imran had issued instructions to him regarding standing with the principles and reorganisation of the party.

    He acknowledged that there was a small faction in the PTI which is displeased with him. However, he emphasised that Imran’s directives conveyed to him were different.

    “Imran Khan’s message for me is to create space while upholding the principles and move forward,” Raja said, denying other notions coming from different circles within the PTI.

    Regarding directives issued by Imran on a possible 28th constitutional amendment, the PTI secretary general said he would put this matter before the party leadership first.

    The directions were related to standing with democratic principles and the rights of small provinces, he said, adding that the PTI founder had always supported the creation of new administrative units.

    However, Raja noted that there had been some concerns related to the “context” behind the formation of new administrative units and stressed the importance of the public’s opinion.

    Source: dawn

  • One dead, four wounded in downtown Washington shooting: police chief

    One dead, four wounded in downtown Washington shooting: police chief

    One person was killed and four were wounded in a shooting at and outside a fitness center in an upscale residential neighborhood of downtown Washington on Thursday, police said.

    Jeffery Carroll, Washington’s interim police chief, told reporters the suspect in the shooting had been found with a self-inflicted gunshot wound after barricading himself in his nearby apartment unit.

    Carroll said the man, who was not identified, was apparently in “some sort of a conflict” with the homeowners association of the apartment building, which is located in the Logan Circle area of the nation’s capital, about a mile north of the White House.

    The police chief said the person who died had been shot inside a fitness centre and that one of the four wounded was in critical condition, while the injuries to the others did not appear to be life-threatening.

    The condition of the gunman was not immediately known.

    Earlier, DC Council member Brooke Pinto said in a post on X that the shooting took place “at and outside” a VIDA fitness club and that multiple people had been shot.

    One person who described himself as having witnessed the incident told Reuters that he heard gunshots and saw one man run to another man who had apparently been struck by a bullet.

    “Blood was pouring immediately, and he said, ‘He’s dead,’” the witness said. “We didn’t know if the gunman was still on the premises, so we just ran frantically.”

    He said he heard more gunshots after running away from the gym.

    Members of the National Guard respond to the scene of a shooting in Logan Circle on November 12, 2026 in Washington, DC, the US. — AFP
    Members of the National Guard respond to the scene of a shooting in Logan Circle on November 12, 2026 in Washington, DC, the US. — AFP

    The incident was unfolding in the Logan Circle neighbourhood, about 1.6 kilometres northeast of the White House. Officers with rifles could be seen positioned atop buildings nearby, while dozens of police vehicles shut down the area.

    Multiple law enforcement agencies could be seen at the scene of the shooting and police helicopters were hovering over the area.

    Some residents were being evacuated from the area by police, while others were being urged to shelter in place. Some gathered on a nearby rooftop to watch the police response.

    One dead, four wounded in downtown Washington shooting: police chief

    Source: dawn

  • Pakistan car sales surge 48% in July-October

    Pakistan car sales surge 48% in July-October

    Car sales in Pakistan continued their upward trend, rising 48% during the first four months (July-October) of the current fiscal year (FY27) compared with the corresponding period of the previous fiscal year.

    The year-on-year (YOY) performance rebounded on the back of improved macroeconomic situation, while the month-on-month (MOM) performance indicators presented a seasonal and sequential pattern, according to experts.

    According to Pakistan Automotive Manufacturers Association (PAMA) data released on Wednesday, car sales increased by 48% to 63,418 units.

    Sales of trucks went up by 51% to 3,476 units, and the sales of farm tractors surged by 41% to 8,263 units.

    Two- and three-wheelers, including motorbikes and rickshaws, sales rose by 27% to 753,902 units.

    However, sales of jeeps-cum-pickups and buses went down by 32% to 11,391 units and by 16% 269 units respectively.

    All other segments registered a healthy YOY growth during the period July-October, Pakistan Automotive Manufacturers Association (PAMA) Director General (DG) Razi-ur-Rahman said in a statement. During the first four months of FY27, passenger cars registered YOY growth of 24% in production and 48% in sales.

    Conversely, Jeeps, and Pickups experienced stagnant momentum, posting a 5% decrease in production alongside a sharp 32% decline in sales.

    Meanwhile, farm tractors posted a 41% surge in sales, as production grew by 22%.

    The two and three-wheelers categories maintained consistent growth, recording a 26% increase in production and 27% growth in sales compared to the same period last year.

    “The ambiguity and uncertainty surrounding overdue auto policy the continues the haunt the industry,” PAMA said. “Inventories have been piling up, and customers are reluctant to make a purchase decision. This delay is counter intuitive on the gains that industry has made after several years of demand contraction.”

    Last week, PM Shehbaz approved the final draft of the Auto and Auto Parts Manufacturing Policy for the period 2026-2031, paving the way for its submission to the Federal Cabinet for consideration and formal approval.

    Source: brecorder