Up, or down? War scrambles financial markets’ signalling efforts
The Wall Street sign is pictured at the New York Stock Exchange in the Manhattan…
Up, or down? War scrambles financial markets’ signalling efforts
The Wall Street sign is pictured at the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS The traditional relationships between global financial assets have broken down since the outbreak of the Middle East conflict, leaving investors navigating markets with what analysts describe as a…
Video of Donald Trump snoozing, hitting his head during White House meeting is doctored
Multiple users across social media platforms were sharing a video on Friday claiming it shows United States President Donald Trump falling asleep and hitting his head on his desk in the White House. However, the clip is doctored. On Thursday, Trump held a healthcare affordability event in the Oval Office at the White House. During…
Market resilient despite shocks
ISLAMABAD: Despite challenges arising from the US-Iran conflict, rising oil prices, increased freight and insurance costs and a global risk-off trend, Pakistan’s capital market remained resilient. In this regard, the Securities and Exchange Commission of Pakistan (SECP) has released its quarterly review report for the third quarter of fiscal year 2025-26. According to the SECP,…
US soldier charged with making $400,000 on Maduro removal bets
Case appears to mark the first time the department has brought insider trading charges involving a prediction market A US Army soldier involved in the capture of Nicolas Maduro has been charged with making $400,000 by betting on the removal of the ousted Venezuelan leader, the Justice Department said on Thursday. In the weeks leading up to Maduro’s January…
Pakistan presses on with peace efforts
Ambassador of China to Pakistan Jiang Zaidong calls on Prime Minister Shehbaz Sharif in Islamabad. PHOTO: NNI ISLAMABAD: Amid ongoing efforts to break the deadlock in US-Iran peace talks, Prime Minister Shehbaz Sharif on Thursday discussed the evolving Middle East situation and Pakistan’s diplomatic push for regional peace with Chinese Ambassador Jiang Zaidong, who called…
Pakistan clears $3.45b loan to UAE after final $1b payment: SBP
$2.45 billion had been repaid last week, bringing the total repayment to $3.45 billion Pakistan has completed the repayment of $3.45 billion in deposits to the United Arab Emirates (UAE) after returning a final tranche of $1 billion, the State Bank of Pakistan (SBP) announced on Friday. In a post on X, the SBP announced that…
KSE-100 drops 2,000 points as US-Iran deadlock persists
Selling hits banking, fertilisers, oil and gas stocks, KSE-100 hovers near 167,000, down 1.19% at midday KARACHI: The Pakistan Stock Exchange (PSX) remained under the hammer during Friday’s early trading as geopolitical tremors continued to fuel panic selling, eroding the benchmark KSE-100 Index by over 2,000 points by midday. After plunging nearly 2,400 points in…
CJP raises alarm over judge transfers
Chief Justice of Pakistan Yahya Afridi. Photo: Supreme Court of Pakistan/ File ISLAMABAD: Chief Justice of Pakistan Yahya Afridi has opposed the proposed transfer of five judges of the Islamabad High Court (IHC) to other high courts, cautioning that such a move could undermine judicial independence and set an undesirable precedent. The development follows a…
OGDC revives gas production at Jand-1 well
The well is flowing through a 32/64-inch choke at a pressure of 3,585 pounds per square inch ISLAMABAD: Oil and Gas Development Company (OGDC) on Thursday announced the revival of gas production from Jand-1 well, located in Attock district of Punjab province, marking a significant operational achievement. According to a statement issued by the company,…
Iran fast-boat swarms add to Hormuz threats for shipping
‘There’s nothing worse than a nuclear weapon that takes out cities, destroys the Middle East,’ US President Donald Trump speaks at a press briefing at the White House. SCREENGRAB: Department of State on X US President Donald Trump said on Thursday that he would not use a nuclear weapon in the war against Iran. “Why would I use a nuclear weapon?…
