Punjab declares holiday on November 10 to combat intense smog crisis in province

Commuters make their way through a busy street amid smoggy conditions in Lahore on November 7, 2023. (AFP)
Short Url
Updated 07 November 2023
Follow

Punjab declares holiday on November 10 to combat intense smog crisis in province

  • With the announcement of holiday ahead of the weekend, the province hopes to mitigate the smog impact
  • Punjab faces air pollution in winter as farmers burn crop stubble which mixes with low-grade diesel fumes

ISLAMABAD: Caretaker Chief Minister of Punjab Mohsin Naqvi announced a holiday in Lahore and its surrounding areas for Friday, November 10, in an effort to alleviate the smog that has shrouded the region in recent weeks.

The Punjab region, straddling India and Pakistan, faces severe air pollution during winter as farmers burn crop stubble, contributing to smog compounded by emissions from low-grade diesel.

Earlier this month, the pervasive smog led schools in the province to notify parents via text message to provide their children with face masks for a month.

The Lahore High Court also responded to the crisis, instructing the provincial government to declare a “smog emergency” and tackle the underlying causes and mitigate its impact.

“Pakistan will observe a national holiday on November 9, and to continue efforts to reduce smog, we will also close schools and offices on November 10,” the interim chief minister declared in a news conference, referencing the holiday on Thursday for the birth anniversary of Dr. Muhammad Iqbal, one of the country’s founding fathers.

He informed that his administration had held a meeting earlier today and decided to declare the additional holiday right ahead of the two-day weekend, aiming to offer a four-day break to help lessen smog levels.

Naqvi disclosed the government was penalizing farmers who burn crop residue and was monitoring the situation closely.

He informed the media that factories would not be closed to protect workers’ daily wages.

The chief minister urged residents to ensure children and the elderly wear masks and recommended that people stay indoors from Thursday unless it is essential to leave the house.


Pakistan stock market sees 41% rise in investors in 18 months

Updated 09 January 2026
Follow

Pakistan stock market sees 41% rise in investors in 18 months

  • Pakistan’s stock market has gained momentum at start of year on broad-based institutional buying
  • The rise in the stock market reflects global investors’ confidence in the country, state media says

ISLAMABAD: The Pakistan Stock Exchange has witnessed a 41% increase in the number of investors over the past 18 months, Pakistani state broadcaster reported on Friday.

Pakistani stock market has gained momentum in recent months as broad-based institutional buying across key sectors has reinforced investor confidence even as the country continues to navigate economic reforms under international lending programs.

Around 135,000 new investors have joined the PSX over the last 18 months, the Radio Pakistan broadcaster reported.

“Pakistan’s stock market has emerged as the second-best performing market globally,” the report said. “The rise in the stock market reflects global investors’ confidence in Pakistan’s improved investment environment.”

The development came as the PSX shed a little more than 1,000 points as it closed the weekend session at 184,519 points.

The report said coordinated efforts by Pakistan’s Special Investment Facilitation Council (SIFC) have helped stabilize the country’s economy and investment market, elevating it to prominence at the global level.

“Pakistan’s macroeconomic environment has become an attractive and reliable destination for investment,” it quoted Finance Adviser Khurram Schehzad as saying.

On Wednesday, Pakistani stocks climbed to a fresh all-time high with the benchmark KSE-100 Index crossing the 186,000-point mark for the first time as potential foreign inflows upheld the positive sentiment.