Pakistan hit by 13% drop in capitalisation; HMB enters Frontier Index, SEARL exits
Brokerage house said HMB qualified for inclusion after meeting the required liquidity threshold KARACHI: The…
Pakistan hit by 13% drop in capitalisation; HMB enters Frontier Index, SEARL exits
Brokerage house said HMB qualified for inclusion after meeting the required liquidity threshold KARACHI: The latest review by MSCI has shown a decline in Pakistan’s overall weight in the MSCI Frontier Markets Index. Pakistan’s share dropped to 4.8%, down from 5.8% in the previous review. Topline Securities attributed the decline primarily to a nearly 13%…
Russia launches huge drone attack on Ukraine
It was the first such major attack after a three-day US-brokered ceasefire between Ukraine and Russia KYIV: Russia unleashed a massive daytime drone attack on Ukraine on Wednesday, targeting critical infrastructure in the west, killing at least six people and prompting NATO-member Poland to scramble fighter jets, officials said. Hungary, now led by a government…
SC returns 27th Amendment plea
ISLAMABAD: The Supreme Court has refused to entertain the Lahore Bar Association’s (LBA) petition challenging the 27th Constitutional Amendment and the subsequent transfer of three Islamabad High Court (IHC) judges to different high courts. It is learnt that the Supreme Court registrar’s office returned the petition to the Advocate-on-Record (AOR) without issuing a written order….
IPO launches digital transformation drive
DG says trademark, copyright & patent services will be fully digitalised in six months KARACHI: Intellectual Property Organisation of Pakistan Director General Noman Aslam has said that the IPO Pakistan has launched an aggressive six-month digital transformation strategy aimed at revolutionising the intellectual property ecosystem through automation, artificial intelligence and online complaint management to make…
Major, 4 soldiers martyred in Balochistan operation
RAWALPINDI: A major-ranked officer and four soldiers embraced martyrdom during an area sanitisation operation in Balochistan’s Barkham district, said the Inter-Services Public Relations (ISPR) on Wednesday. At least seven terrorists were also killed during the operation. “On the morning of May 13, 2026, troops of Pakistan Army and Frontier Corps Balochistan commenced an area sanitisation…
Centre, K-P aligned on terror fight: Asif
ISLAMABAD: Defence Minister Khawaja Asif on Wednesday warned Afghanistan that if Kabul failed to stop harbouring terrorists, Pakistan would respond in the same way it had against India last year. Addressing the National Assembly, Asif said: “If they are not ready, then what we did with Delhi, we will do the same with Kabul.” The…
Iran won’t allow US weapons to transit Hormuz
• Ceasefire talks stalled as Trump pushes for a deal with Tehran • Vance says ‘making progress’ Members of Iran’s national soccer team attend a farewell ceremony ahead of their departure to the 2026 World Cup in Tehran. Photo: REUTERS WASHINGTON/TEHRAN: Iran has tightened its grip on the Strait of Hormuz, which before the war…
Ritter backs Pakistan for Nobel Prize
Former UN weapons inspector and ex-US Marine Corps intelligence officer Scott Ritter has praised Pakistan’s diplomatic role in ongoing regional tensions, saying Islamabad remains central to efforts aimed at securing a breakthrough between Iran and the United States. Speaking during senior anchorperson Fahd Hussain’s programme ‘Full Frame’ on Express 24/7, Ritter described Pakistan as “the…
Per capita income climbs to $1,901
ISLAMABAD: Pakistan’s economy grew 3.7% in the outgoing fiscal year, missing the annual target and dashing hopes of higher growth due to slowing wheels of the industry and construction sectors, which has contributed to higher unemployment in the country. The 3.7% growth rate was pulled by the services sector, followed by 3.5% growth in the…
China wants Pakistan to step up peace diplomacy
ISLAMABAD: Chinese Foreign Minister Wang Yi called on Pakistan to step up mediation efforts and contribute to properly addressing issues related to opening the Strait of Hormuz, reports China’s State-run Xinhua news agency on Wednesday. Wang made the remarks during a telephone conversation with Deputy Prime Minister and Foreign Minister Ishaq Dar a day earlier….
