Bullish momentum accelerates as $2 billion Saudi inflow boosts sentiment, strengthens outlook for external stability KARACHI: The rally at the Pakistan Stock Exchange (PSX) gathered fresh momentum on Thursday, with bulls dominating from the opening bell and pushing the benchmark KSE-100 index sharply higher in early trade. Within minutes of the session, the index surged…
Spokesperson says “if talks take place” the date and time will be announced officially, warning against speculation The Foreign Office (FO) on Thursday clarified that no dates have been decided for the second round of talks between the US and Iran and that, “if talks take place,” the date and time will be announced officially. Speaking at a weekly…
On January 1, 2025, 21 states increased their minimum wage rates. PHOTO: PEXELS ISLAMABAD: A European Union (EU) official on Wednesday urged Pakistan to make a decision about a $1 billion investment offer by Maersk before the window closes, as the 27-nation bloc is set to host European investors in Islamabad to explore more investment…
MQ-4C Triton vanishes from online flight-tracking sites, no evidence it went down in Iran US Air Force drone. PHOTO: ANADOLU rauryThe US Naval Safety Command has confirmed the loss of an MQ-4C Triton surveillance drone on April 9, classifying it as a Class A mishap, meaning damages exceeding $2 million, with no injuries to personnel….
Sudden release of methane and other toxic gases rapidly filled the confined space QUETTA: Three coal mine workers lost their lives after toxic gas accumulated inside a private coal lease in the Degari area, once again exposing hazardous conditions in Balochistan’s mining sector, officials and local sources said on Wednesday. In the Degari locality of…
KARACHI: Buying momentum continued at the Pakistan Stock Exchange (PSX) on Wednesday as investors reacted positively to Saudi Arabia’s commitment of an additional $3 billion in deposits. Trading commenced on a cheery note and by 9:34am the benchmark KSE-100 index had surged 4,287 points, or 2.59%. The strong move pushed the index above 170,000 within…
US Central Command says 10 vessels are turned around, no ships break through since start of blockade A vessel at the Strait of Hormuz, off the coast of Oman’s Musandam province. PHOTO: REUTERS A second US-sanctioned supertanker has entered the Gulf via the Strait of Hormuz, shipping data showed, despite a US blockade on vessels visiting…
Chief of naval staff along with leading scientists and engineers, witnessed missile firing Tests indigenously developed anti-ship missile. PHOTO: Radio Pakistan Pakistan Navy on Thursday successfully conducted a live weapon firing of an indigenously developed ship-launched anti-ship missile, accurately engaging its target at high speed and extended range in a resolute display of preparedness and precision-strike…
In this handout photo, taken and released by Karachi Port Trust, a container ship sits docked at the Karachi Port in Karachi on May 29, 2024. Photo: KPT KARACHI: Karachi Gateway Terminal Limited (KGTL) and Karachi Gateway Terminal Multipurpose Limited (KGTML) Chief Executive Officer Khurram Aziz Khan has said that major infrastructure upgrades at the…
FinMin confirms financial bailout, aimed at helping the country meet its external financing needs The State Bank of Pakistan (SBP) said on Thursday that the country has received $2 billion from the Ministry of Finance, Kingdom of Saudi Arabia, in a post on X. State Bank of Pakistan has received funds of US$2 billion from Ministry…