PSX drops 1,174 points on rate hike anxiety

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a subdued trading session on Monday as investors remained cautious ahead of the State Bank of Pakistan’s (SBP) monetary policy announcement. The benchmark index opened on a dull note and traded within a narrow range throughout the session, reflecting a clear wait-and-see approach across the board. The index…

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Five PTCL employees abducted in Bannu

DI KHAN: In a surge of terrorist violence across the Khyber-Pakhtunkhwa region, unidentified terrorists have abducted five employees working on the Safe City Project in Bannu, while two government officials were martyred in two separate attacks in Lakki Marwat district. In the first incident, five PTCL employees installing surveillance cameras under the Bannu Safe City…

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GGGI offers climate finance support

ISLAMABAD: Federal Minister for Climate Change Musadik Malik held a meeting with Global Green Growth Institute (GGGI) Country Representative Laura Jalosjoki to discuss climate financing and strategic planning, according to a statement on Monday. Jalosjiki briefed the minister on how GGGI can support Pakistan in developing institutional and financial frameworks to access climate financing. She…

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President Zardari’s China visit yields bonanza of MoUs

President Asif Ali Zardari confers the Sitara-e-Pakistan on Prof Pan Xiangbin at a special investiture ceremony in Changsha. PHOTO: APP ISLAMABAD: Pakistan and China have signed three memorandums of understanding (MoUs) aimed at strengthening bilateral cooperation in desalination, agricultural technology and the tea industry, in a move expected to boost investment, technology transfer and economic…

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