PSX climbs 3.23% on easing oil, ME de-escalation

KARACHI: The KSE-100 index of the Pakistan Stock Exchange (PSX) extended its winning streak, closing at 185,372 points with a weekly gain of 3.23%, or 5,801 points, as easing oil prices on the back of de-escalating US-Iran geopolitical tensions bolstered investor confidence. Brent crude softened to around $71.8 per barrel during the week. On a…

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NBFCs allowed to take part in Apna Ghar scheme

ISLAMABAD: Access to affordable housing finance is set to become easier for citizens, particularly underserved and non-banking segments, as the federal government has approved the inclusion of lending Non-Banking Finance Companies (NBFCs) as participating financial institutions under the Prime Minister’s Apna Ghar Programme. The Securities and Exchange Commission of Pakistan (SECP), recognising the potential of…

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‘Power reforms cut inefficiencies by 45%’

Power minister pitches $2.5b metering, transmission investment to Turkish investors ISLAMABAD: Pakistan has undertaken far-reaching structural reforms in its power sector, reducing distribution inefficiencies by more than 45% over the last two years, Federal Minister for Energy (Power Division) Sardar Awais Ahmad Khan Leghari said on Saturday. Addressing Turkish investors at the Pakistan-Turkiye Business Conference,…

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North Korea’s Kim observed naval destroyer cruise missile launch, weapons tests, state media says

Tests ​include checks of target-detection, information-processing, integrated ⁠firepower systems, electronic warfare North Korean leader Kim Jong Un oversees the test of key weapons in North Korea on June 25, 2026. PHOTO: REUTERS North Korean leader Kim Jong Un observed the test firing of a strategic cruise ​missile and evaluations of anti-ship, anti-submarine, and air defence…

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Balochistan, Sindh water dispute deepens

QUETTA: The Balochistan government is considering legal action against the Sindh government over what it describes as the unfair distribution of canal water after repeated contacts with the Sindh chief minister and other authorities failed to ensure the province received its approved share. According to officials, the shortage of canal water in Balochistan has worsened…

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PBA announces banking summit 2026

SMEs, agriculture, housing finance on agenda as top officials, global experts gather in Karachi KARACHI: The Pakistan Banks Association (PBA) has announced the second edition of the Pakistan Banking Summit 2026, to be held on 7-8 July in Karachi, according to a statement issued on Saturday. The summit will bring together more than 1,200 participants,…

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