Rising diversification in reserves, payments and energy trade signals slow erosion of dollar centrality KARACHI: US global dominance has long rested on two key pillars: the petrodollar system and the US Treasury bond market. In exchange for security guarantees to oil-rich Gulf monarchies, Washington ensured that their oil is priced and sold in dollars and…
‘Doctor Bahu’ star opens up on why she follows her heart over social media numbers Actor Hajra Yamin appeared on Buzz to join Hassan Choudary in a discussion regarding hierarchies and success in the entertainment industry. Yamin, who is premiering in the new hit series Doctor Bahu, touched on her accomplishments in the industry, offering advice for fellow…
Epicentre located near Afghanistan border with Tajikistan at a depth of around 170 kilometres ISLAMABAD: Tremors were felt in parts of Islamabad and Khyber-Pakhtunkhwa on Monday after a 5.7-magnitude earthquake struck the Afghanistan–Tajikistan border region, according to the Pakistan Meteorological Department (PMD). In a statement, the PMD said the earthquake occurred at 11:46am, with its…
Transshipment surges at Karachi Port, clean energy shift gains pace amid ME conflict Components of the Dwight D. Eisenhower Carrier Strike Group (IKECSG), guided-missile destroyer USS Stethem (DDG 63) and French Navy frigate FS Languedoc (D 653) transit the Strait of Hormuz on November 25, 2023. PHOTO: REUTERS KARACHI: The US-Iran war and the consequential…
KARACHI: The Pakistan Stock Exchange (PSX) witnessed a subdued trading session on Monday as investors remained cautious ahead of the highly anticipated monetary policy announcement by the State Bank of Pakistan (SBP). The benchmark KSE-100 Index opened on a dull note and continued to trade in a narrow range, reflecting a clear wait-and-see approach across…
Nehal Hashmi says contact made with European Union organisations for hostages’ release Nehal Hashmi. PHOTO: EXPRESS KARACHI: Sindh Governor Nehal Hashmi said on Monday that 11 Pakistani crew members held hostage by Somali pirates have not been abandoned, and that authorities have been directed to pursue efforts for their release. Initial details suggest the pirates…
Policy tweaks, particularly shift to net billing, impeding further solar adoption APTMA has been constantly blaming the FBR for its lack of commitment in implementing the agreement it signed with the textile industry regarding the resumption of zero-rated tax regime. PHOTO: FILE FAISALABAD: Pakistan’s textile sector, the backbone of its export economy, is once again…
Highway temporarily closed for 2 hours as rescue teams contained fire; highway now open to traffic A container truck carrying clothing caught fire on the Indus Highway in Dera Ismail Khan. PHOTO: EXPRESS DERA ISMAIL KHAN: A container truck carrying clothing caught fire on the Indus Highway on Monday near the village of Dhorah Solhan…
Prime Minister Shehbaz Sharif warmly receives Iran Foreign Minister Abbas Araghchi during a meeting in Islamabad. Photo: app ISLAMABAD: Despite no immediate prospects of direct talks between Iran and the United States, diplomacy remains very much alive, as a flurry of behind-the-scenes activity suggests a serious push to seek a permanent end to the war,…
Islamabad finds itself positioned between much-needed infusion of regional liquidity and looming global energy crisis The government has agreed to the need for a mini-budget if revenues fall short of expectations by end-December 2025, according to the IMF. Photo: file ISLAMABAD: The conclusion of the 2026 Spring Meetings of the International Monetary Fund (IMF) and…