Pakistan's stock market came under renewed pressure during the outgoing week, as escalating geopolitical tensions between the US and Iran and a sharp surge in global oil prices triggered broad-based selling, pushing the benchmark KSE-100 index down by 4.5% week-on-week (WoW) to 162,994 points. On a day-on-day basis, the Pakistan Stock Exchange (PSX) commenced the…
‘On way back from Iran,’ US aircraft carrier could be deployed to force nation into submission, says US president US President Donald Trump said Friday the US will take over Cuba “almost immediately,” suggesting a US aircraft carrier could be deployed offshore to force the island nation into submission. “Cuba, which we will be taking…
LAHORE: Pakistan’s macroeconomic conditions are showing signs of stabilisation, supported by a moderate growth recovery and improved external buffers, though the outlook remains fragile amid inflationary pressures and global uncertainties. Within this environment, the more critical issue lies in the allocation of private-sector credit rather than its overall availability, says ICMA Research and Publications. In…
. KYIV: Ukrainian drones struck Russia’s Black Sea port of Tuapse on Friday for the fourth time in 16 days as authorities struggled to cope with a mounting environmental disaster from toxic black smoke clouds and oil leaking into the sea. Ukraine’s SBU security service said drones had again struck the sea port and refinerythat…
. NEW YORK: Deep beneath the ocean surface, sperm whales swim through the dark waters, clicking to each other in bursts of sound that can travel for kilometres. Now, scientists say they are beginning to follow those exchanges in real time using an autonomous underwater robot that can track whales by listening to their voices….
ISLAMABAD: The National Emergency Operations Centre (EOC) has confirmed two new polio cases in Khyber-Pakhtunkhwa (K-P), raising the total number of cases in Pakistan to three in 2026. The cases were reported from Bannu and North Waziristan districts. Officials reiterated that polio remains incurable but can be prevented through timely vaccination. The EOC stressed the…
LAHORE: Prime Minister Shahbaz Sharif on Friday directed that an effective regulatory system for virtual assets in line with international standards should be operationalised as soon as possible The remarks came as Minister of State and Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA) Bilal bin Saqib called on the prime minister. The prime…
ISLAMABAD: At least three people were injured in a terrorist drone attack on a cricket ground in the Mamund area of Khyber-Pakhtunkhwa’s Bajaur district on Friday, according to state media. According to state broadcaster PTV News, the attack was carried out using a quadcopter in the Shahi Tangi area of Mamund tehsil while a cricket…
ISLAMABAD: Inflation rose to a near two-year high of 10.9% in April, driven by global supply shocks and the government’s decision to fully pass on higher fuel costs to consumers, in addition to raising petroleum levy, sending energy, transport and food prices soaring. The Pakistan Bureau of Statistics reported on Friday that for the first…
Iran submits ‘revised proposals’ through Pakistan US president says he’s not satisfied with latest plans T WASHINGTON/ISLAMABAD/CAIRO: US President Donald Trump said on Friday he was not satisfied with the latest Iranian proposal for talks on the Iran war, while Iran’s foreign minister said Tehran was ready for diplomacy if the United…