PSX continues to lose ground, sheds 1,264 points

KARACHI: The Pakistan Stock Exchange (PSX) extended its recent losses in morning trade on Friday, with the benchmark KSE-100 Index falling 1,264.14 points, or 0.74 percent, to 170,475.30 by the time the market was suspended for Friday prayers. The index opened on a weaker note and briefly touched an intra-day high of 171,208.55 before sliding…

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Pakistan gets first industrial AI hub

Centre will integrate manufacturing tech, applied research to improve product quality ISLAMABAD: A Memorandum of Understanding has been signed to establish Pakistan’s first-ever Center for Industrial Innovation and AI (CIINAI) at the National University of Technology (NUTECH), Islamabad, according to a statement on Thursday. The MoU was signed between the Pakistan Industrial Development Corporation (PIDC),…

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PM promotes Gen Aamer Raza to four-star rank, appoints him Commander National Strategic Command

Premier congratulates him on his promotion, appointment, wishes him success in his new role Prime Minister Shehbaz Sharif on Friday promoted Lieutenant General Aamer Raza, the Pakistan Army’s Chief of General Staff, to the rank of four-star general and appointed him as Commander National Strategic Command (CNSC). PHOTO: PMO Prime Minister Muhammad Shehbaz Sharif has…

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SC rules FCC has exclusive jurisdiction over NAB cases

ISLAMABAD: Supreme Court (SC) on Friday ruled that it no longer has jurisdiction to hear cases under the National Accountability Bureau (NAB) law, holding that the Federal Constitutional Court (FCC) must hear all criminal appeals and pending petitions under amendments introduced earlier this year. The ruling is expected to affect pending proceedings involving Pakistan Tehreek-e-Insaf…

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Pakistan, seven Arab states condemn Israel’s ‘flagrant violation’ at Al-Aqsa in joint statement

Says Israel has no sovereignty over occupied Jerusalem or its Islamic and Christian holy sites Pakistan and seven Arab-Islamic countries on Friday condemned what they called Israel’s “flagrant violation” of the historical and legal status quo at Al-Aqsa Mosque/Al-Haram Al-Sharif, denouncing continued settler incursions led by extremist Israeli ministers under military protection and warning that…

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‘Despite US financing, reforms must continue’

KARACHI: Pakistan’s push to convert some of its diplomatic goodwill with the Trump administration into economic support has drawn scepticism from economists, who say fresh financing will do little to address the reforms Islamabad is required to pursue. During a visit by Finance Minister Muhammad Aurangzeb to Washington this week, he requested a $10 billion…

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