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Express Tribune
a day ago
- Sport
- Express Tribune
Bahria wins Shuhada-e-Traffic Police Trophy
Winners and runner-up teams of Shuhada-e-Traffic Police Trophy basketball tournament are seen with Secretary Police Sports Board Muhammad Saeed along with Shahida Parveen Kiyani and Ghulam Mohammad Khan after the final. PHOTO: APP Bahria College Karsaz claimed a resounding victory in the final to lift the Shuhada-e-Traffic Police Trophy Girls Basketball Tournament on Thursday night after defeating Blastik Ballers by 25-15 at the International Abdul Nasir Basketball Court in Aram Bagh. Standout performances were seen by Saleha Noor (10 points), Dua Batool (8 points), and Raheema Irfan (7 points) led Bahria College to victory. For the runner-up team, Fatima Idrees scored 8 points, and Urooj added 7. Organized under the patronage of DIG Traffic Peer Muhammad Shah and hosted by Firdous Ittehad with support from the Karachi Basketball Association (KBBA), the tournament paid homage to the martyrs of the traffic police. The final match was witnessed by a large, enthusiastic crowd of basketball fans. In the awards ceremony following the match, Dua Batool was named Girl of the Tournament while Saleha Noor was declared Girl of the Final. Muhammad Saeed, Secretary of the Police Sports Board, graced the event as the chief guest and distributed trophies, medals, certificates, and cash prizes among the players. He praised the organizers and commended the players for their sportsmanship and skill, announcing that the tournament will now be held annually to continue honoring the legacy of traffic police martyrs. Also in attendance were Shahida Parveen Kiyani, President, Firdous Ittehad, Ghulam Muhammad Khan, Director Sports, Commissioner Karachi, Rotarian Sheikh Aqeel Ahmed. In his remarks, Ghulam Muhammad Khan extended special thanks to DIGP Peer Muhammad Shah for not only sponsoring the event but also contributing generous cash prizes and gifts for participants. He offered a heartfelt tribute to the fallen heroes of the traffic police. To conclude the ceremony, Shahida Parveen Kiyani presented a souvenir to Muhammad Saeed on behalf of Firdous Ittehad, in recognition of his continued support for youth sports and the legacy of public service.
Express Tribune
3 days ago
- Business
- Express Tribune
PIA resumes Dubai-Skardu direct flights from May 30
Listen to article Pakistan International Airlines (PIA) is set to resume direct flights between Dubai and Skardu from Friday (today) offering travellers convenient access to one of Pakistan's most picturesque and remote northern destinations, APP reported. The seasonal flight service was formally announced during a ceremony held at PIA's Dubai office, attended by airline's Regional Manager Sarmad Aizas, and Pakistan's Consul General in Dubai, Hussain Muhammad. The event, which included a cake-cutting ceremony, was also attended by members of a foreign tourist group booked on the inaugural flight. Speaking on the occasion, the consul general said, 'This flight not only facilitates Pakistani expatriates but also opens the doors for more than 200 nationalities living in the UAE to discover the untouched beauty of Skardu and Gilgit-Baltistan.' Skardu, located around 570 kilometres north of Islamabad, is known for its dramatic mountain landscapes, including some of the world's highest peaks such as K2, as well as cold deserts and scenic valleys. The direct flight service reduces travel time from over 20 hours by road via the Karakoram Highway to under three hours by air. The region attracts visitors year-round. The summer season in Gilgit-Baltistan offers a respite from the Gulf heat, with temperatures typically remaining below 20°C. In winter, the region is transformed by snow, attracting tourists for its unique cold desert safari experience against the backdrop of snow-capped peaks. PIA officials expressed hope that the route would further promote tourism in the country's northern areas and provide greater travel convenience for overseas Pakistanis and international tourists alike.
CNBC
3 days ago
- Business
- CNBC
Here are Thursday's biggest analyst calls: Nvidia, Tesla, Salesforce, AppLovin, Broadcom, Netflix, Southwest & more
Here are Thursday's biggest calls on Wall Street: Bank of America reiterates Salesforce as buy Bank of America said Wednesday's earnings report was "not a game changer" but that's sticking with the stock. "We believe Salesforce is well positioned to continue capturing share of the cumulative $200 billion market opportunity." JPMorgan reiterates HP Inc as overweight JPMorgan said it's sticking with the stock following earnings on Wednesday. " HPQ is leveraging a combination of price increases as well as supply chain changes to offset the effect of tariffs on margins, but is expected to reach closer to neutralizing the headwinds in F4Q, with part of F3Q still challenged by the tariff landscape." Citi names AppLovin a top pick Citi thinks the stock may be added to the S & P 500. "We are elevating AppLovin to our top pick driven by three items: 1) We believe APP could be included in the S & P500 in the upcoming index rebalancing round on June 6, 2025, 2) We believe the launch of APP's self-serve tools are apt to accelerate eCommerce revenues in 4Q25 and 2026 and 3) We sense that APP is not widely held by the majority of our clients as many investors view the firm as a 'black box'." Wedbush reiterates Tesla as outperform Wedbush said it's standing by the stock after Elon Musk officially announced he was leaving Doge. "In another clear positive step for Tesla bulls, Elon Musk officially left the Trump White House last night ... which is music to the ears of Tesla shareholders with Musk now laser focused on Tesla and the autonomous vision ahead." Barclays downgrades Aspen Aerogels to equal weight from overweight Barclays said it sees too many negative catalysts for Aspen. "With the phasing out of EV tax credits and GM slowing its domestic EV production, we have materially lowered our assumptions over the next several years and consequently downgrade our rating to Equal Weight after cutting our 2026E EBITDA by 20%." TD Cowen downgrades Starbucks to hold from buy TD Cowen said it's concerned about "deteriorating value perceptions." "We forecast Starbucks settling into a new 2026-28 EPS base vs. consensus that does not appear to be considering labor investments central to the turnaround. We also see risk that a return to normalized SSS is delayed by deteriorating value perceptions, historical underperformance in recessions, & increased competition." Bank of America reiterates Nvidia as buy Bank of America raised its price target on top pick Nvidia to $180 per share from $160 following earnings on Wednesday. "Our positive view on Nvidia is based on its underappreciated transformation from a traditional PC graphics chip vendor, into a supplier into high-end gaming, enterprise graphics, cloud, accelerated computing and automotive markets." Deutsche Bank reiterates Broadcom as buy Deutsche said it's bullish ahead of earnings next week and the stock remains a favorite idea. "Overall, we continue to view AVGO as offering a unique combination of upside drivers with its AI business ramping in XPUs + Connectivity, its cyclical businesses slowly rebounding, and its Software business benefitting from VMW integration. As such, AVGO remains one of our favorite names in semis." Deutsche Bank reiterates GE Aerospace as buy Deutsche raised its price target on the stock to $300 per share from $261. " GE is hosting an investor day at the Paris Air Show on June 17. We think the company will likely raise 2025 guidance, raise 2028 guidance, and offer some longer-term color on a handful of discrete operational items to help partially frame expectations for future earnings growth post 2028." Jefferies downgrades GE Vernova to hold from buy Jefferies downgraded the stock on valuation. "We see accelerating demand for power infrastructure and a structural pruning of a challenged Offshore Wind business driving EBITDA and FCF margins well above the Street as GE Vernova completes its turnaround amid structurally constructive conditions." Deutsche Bank upgrades Southwest to buy from hold Deutsche said it sees more robust shareholder returns for the airline. "The three drivers behind our Buy rating are as follows: 1) Southwest's refreshed board of directors has ushered in a new era of change at the company, which we think will drive higher shareholder returns; 2) current strategic initiatives should drive meaningful revenue and EBIT growth over the next 12 - 24 months; and 3) we think Southwest's return on invested capital will significantly improve over the next two years." Citi reiterates Procter & Gamble a top pick Citi said the consumer goods company is a top idea at the firm. "Procter & Gamble (PG) is our preferred Buy rated name in the space, with a potential for OSG [organic sales growth] re-acceleration to the 3%+ range as the US market improves (evidenced in scanner data) and China moves to flattish (after two years of large declines)." Piper Sandler upgrades Claritev to overweight from neutral Jefferies downgrades Cleveland-Cliffs to hold from buy Jefferies downgraded the steel company following Nippon's deal for U.S. Steel. "Protectionist policies will help, but the outlook for steel in the US has become less positive at the margin. We downgrade Cliffs , which is most leveraged to changes in steel pricing, to Hold to reflect this view." Roth MKM initiates USA Rare Earth as buy Roth said the rare earth company is well positioned. "We are initiating coverage on USA Rare Earth (USAR) with a Buy rating and a $15 price target." RBC downgrades Salesforce to sector perform from outperform. RBC downgraded the stock following earnings on Wednesday. "We are downgrading our rating on Salesforce from Outperform to Sector Perform and lowering our price target to $275 from $420 after Salesforce reported a relatively in-line quarter. Our downgrade is primarily driven by the formally announced acquisition of Informatica for $8B..." Citi reiterates Netflix as neutral The firm raised its price target on the stock. "We are not making any changes to our estimates for Netflix. However, we are raising our target price from $1,020 to $1,250 per share." Wells Fargo upgrades Tenet Healthcare to overweight from equal weight Wells said it likes the hospital company's growth strategy. "We think THC's hospital portfolio rationalization and USPI [United Surgical Partners International] growth strategy has been highly effective."
Express Tribune
4 days ago
- Express Tribune
Police raid on 'gambling den' sparks clash
A police raid targeting an illegal horse cart race and associated gambling activity near Babu Sabu escalated into violence when local residents attacked the raiding team with sticks. According to officials, the Shahdara police had received a tip-off regarding large-scale betting during the horse cart race, prompting an operation to apprehend those involved. However, the raid met with fierce resistance from locals who attempted to obstruct the police action. During the chaos, the crowd assaulted officers, resulting in injuries and tearing of police uniform. Despite the resistance, the police managed to arrest a key suspect identified as Bala Aslam who is believed to be the organiser of the betting ring. The police also seized thousands of rupees in stake money along with several horses and carts from the spot. A case has been registered against the attackers, including one identified as Tauqeer Bhatti, along with several unidentified persons who had fled from the scene. Eyewitnesses reported that hundreds of spectators had gathered to watch the race when the raid occurred. Police officials say investigations into the incident are under way. Meanwhile, Lahore police claimed to have arrested 1,619 suspects during a crackdown on gambling dens and the online illegal activity so far this year and registered 413 cases against them. According to a spokesperson, more than Rs8.41 million in stake money was seized from the arrested suspects. Capital City Police Officer (CCPO) Bilal Siddique Kamyana said police operations were ongoing to dismantle both traditional and online gambling networks. He directed the police to intensify the crackdown and conduct intelligence-based raids on gambling dens. "The noose is tightening around those involved in online gambling," he said, urging the use of modern information technology to effectively counter the activities. He also ordered legal action against social media accounts and mobile applications promoting online gambling, emphasising the need for collaboration with the public prosecution department to ensure that the cases are pursued to their logical conclusion. With additional input from APP
Express Tribune
4 days ago
- Politics
- Express Tribune
Pakistan-Iran border to remain open 24 hours during Muharram
Listen to article Pakistan and Iran have agreed to strengthen border cooperation and significantly enhance facilities for religious pilgrims ahead of the Islamic months of Muharram and Arbaeen, according to APP. The decisions were made during a meeting between Interior Minister Mohsin Naqvi and Iranian Interior Minister Eskandar Momeni in Tehran on Wednesday. Senior officials from both countries were also present. As part of the new understanding, the Pakistan-Iran border will remain open 24 hours a day during Muharram and Arbaeen to ensure smooth movement for pilgrims. The Iranian government will provide accommodation and meals in Mashhad for up to 5,000 Pakistani pilgrims. A hotline will also be established between the two countries to resolve cross-border issues swiftly. In a key development, the ministers agreed to convene a trilateral meeting involving Pakistan, Iran, and Iraq in Mashhad prior to Arbaeen. The meeting aims to improve logistical and administrative arrangements for pilgrims making the religious journey. The two sides also discussed increasing the number of flights for pilgrims and explored the possibility of sea travel to ease transit. Cooperation on curbing illegal immigration, human trafficking, and drug smuggling was also addressed. Both ministers reaffirmed the importance of stronger coordination between border forces to enhance regional security. Naqvi expressed gratitude to Iran for its continued support to Pakistani pilgrims and assured cooperation regarding the release of Iranian fishermen who inadvertently crossed into Pakistani waters.
