KARACHI: Selling pressure intensified at the Pakistan Stock Exchange (PSX) on Wednesday, wiping out early gains and pushing the market deep into the red, as investors remained wary of building fresh positions. The benchmark KSE-100 index swung between the intra-day high of 169,686 and low of 165,391, reflecting heightened volatility. Persistent stock selling dragged the…
ISLAMABAD: Federal Minister for Information Technology and Telecommunication Shaza Fatima Khawaja has said the government aims to raise fiberisation to nearly 60% within the next three years, speaking at the EU-Pakistan Business Forum 2026. “Only 16% of our towers are fiberised at this point. Our target is that in the next three years, we will…
US West Texas Intermediate futures for June were up $2.76, or 2.6%, at $109.64 a barrel Iran renewed attacks on the United Arab Emirates on Tuesday, causing oil loading at the port of Fujairah to be at least partly halted after the third attack in four days. FILE IMAGE: PIXABAY Brent oil prices rose as much…
ISLAMABAD: The federal government has directed provinces and relevant departments to ensure uninterrupted inter-provincial movement of wheat for smooth supply of the staple commodity across the country. Federal Minister for National Food Security and Research Rana Tanveer Hussain chaired the 11th meeting of the National Wheat Oversight Committee to review the procurement drive, progress on…
Dissent rises, with officials split and inflation concerns flagged in policy statement US Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the Federal Reserve in Washington, DC, US, March 18, 2026. Photo: Reuters The Federal Reserve held interest rates steady on Wednesday,…
In case Pakistan accepts the US offer, it may also help fast-track the installation of these systems President Donald Trump’s administration has backed a $2.4 billion investment offer by an American firm to install advanced security systems at major Pakistani airports to detect criminals and transnational threats. US Chargé d’Affaires to Pakistan Natalie A Baker has recently…
European Investment Bank keen on investment, but seeks EU share in mineral off-take ISLAMABAD: The European Investment Bank on Wednesday showed interest in the multibillion-dollar Reko Diq mining project in return for securing some share of the critical resources, as Pakistan’s director general for minerals said that the claim of having $6 trillion mineral reserves…
EIB returns to Pakistan after decade with €160m loans for housing, water projects ISLAMABAD: Finance Minister Muhammad Aurangzeb has said that the government would stay on the path of fiscal stabilisation and Pakistan’s economy is poised to grow 4% this fiscal year despite the ongoing Middle East conflict, as he urged Europeans to invest in…
Brent crude futures for June climbed $2.93, or 2.7%, to $111.16 a barrel at 1532 GMT NEW YORK: Oil prices pared earlier gains after the United Arab Emirates said it would leave OPEC and OPEC+, easing some supply concerns, though prices held near the upper end of a nearly 3% rally as stalled efforts to…
Minister says deal opens avenues for employment, aligns local certifications with international standards ISLAMABAD: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has welcomed the signing of a memorandum of understanding (MoU) with Norway that will allow Pakistani seafarers to serve aboard Norwegian-flagged vessels, according to an official statement issued on Tuesday. Hailing the…