— A 13-year-old child drowned while bathing in Pinjari Canal in Sajawal, a city in Sindh province, on FridayThe tragedy occurred in village Gul Ghayo near Sajawal where 13-year-old Abbas was taking a swim in the canal to beat the heat when he slipped into deep water and drowned.

The deceased body of the youngster was removed from canal on self help basis by local neighbors and handed over to his heirs.

The federal government has cut the price of kerosene oil by Rs7.23 per litre and also revised the petroleum charge on petrol and diesel, according to official notifications.

According to the revised rates announced by the Oil and Gas Regulatory Authority, the new price of kerosene oil has been determined at Rs311.73 per litre against the previous cost of Rs318.96 per litre.

The fuel price was dropped by Rs9.24 per litre to Rs108.17 a litre from Rs117.41, Petroleum Ministry sources said.

In contrast, the duty on high speed diesel was raised by Rs9.40 a litre to Rs52 a litre from Rs42.60.

The Petroleum Division had announced a Rs5 per litre drop in the pricing of both fuel and high-speed diesel.

After the change, the new petrol price is Rs409.78 per litre and high-speed diesel Rs409.58 per litre.

The revised fuel rates have come into force across the country from midnight, according to a notification issued by the Petroleum Division.

A majority of SpaceX shareholders have accepted a 5-for-1 stock split that the company’s board suggested, individuals familiar with the situation told Bloomberg News on Friday.

Shareholders of SpaceX, which was preparing for an initial public offering (IPO), received an email informing them that the fair market value of the shares was changed to $105.32 per share from $526.59 after the split, the article stated.
The stock split will be executed during the week of May 18 and is scheduled to be completed by May 22, Bloomberg reported.

Elon Musk’s rocket and satellite company SpaceX is targeting a listing as soon as June 12 and has selected the Nasdaq as the trading venue for its big market debut, Reuters reported exclusively on Friday.

The company is expected to try to raise over $75 billion at a valuation of around $1.75 trillion making it the biggest stock market IPO in history, Reuters has reported earlier.

SpaceX did not immediately reply to a request for comment outside of normal business hours.