Bullish analysts, investors say SpaceX warrants a high premium because of its profitable Starlink internet service The dip in SpaceX’s shares below its blockbuster IPO price of $135 a share is an ominous sign for Elon Musk’s internet and rocket company as it faces more potential volatility in early August, when the number of shares available for…
KARACHI: The Pakistan Stock Exchange (PSX) witnessed strong buying interest on Thursday, with the benchmark KSE-100 Index climbing over 2,800 points in midday trade, reflecting renewed investor confidence following Wednesday’s recovery. As of midday, the KSE-100 Index stood at 178,124.14, up 2,838.36 points or 1.62 percent from the previous close of 175,285.78. The index touched…
US completes ‘wave of strikes’ on Iran as Tehran retaliates with attacks on military bases in Bahrain, Jordan, Kuwait Spokesperson for the Islamic Republic of Iran Army Brigadier General Mohammad Akaminia. PHOTO: IRNA on X Spokesperson for the Iranian army Brigadier General Mohammad Akaminia stressed over Iran’s strategy in controlling the Strait of Hormuz, and…
Argentina’s Enzo Fernandez and Lautaro Martinez struck late goals to snatch a 2-1 win over England FIFA World Cup 2026 – Semi Final – England v Argentina – Atlanta Stadium, Atlanta, Georgia, US – July 15, 2026 Argentina’s Lionel Messi and teammates celebrate after the match. PHOTO: REUTERS Argentina’s Enzo Fernandez and Lautaro Martinez struck…
Rises Rs900/tola, though international markets fall on producer price data; rupee inches up Gold imitation and US dollar banknotes are seen in this illustration picture taken February 20, 2026. Photo: Reuters RATODERO/KARACHI: Gold prices in Pakistan posted gains, although marginal, on Wednesday, bucking the softer trend in international markets, where the precious metal trimmed losses…
Pakistan has sought a $6.7 billion concessional oil financing facility from Saudi Arabia for a period of 15 years, aimed at ensuring energy security amid heightened Middle East conflict that may keep global prices high and put additional stress on the country’s foreign exchange reserves. A spokeswoman of the Ministry of Economic Affairs confirmed to…
Sharmeen Obaid-Chinoy names eight fellows for ‘Claim the Frame’ which will support production of four documentary fi KARACHI: Two-time Academy Award-winning filmmaker Sharmeen Obaid-Chinoy has announced the eight fellows selected for the latest edition of Patakha Pictures’ Claim the Frame programme, which will support four documentary films by emerging women filmmakers from across Pakistan. The…
KARACHI: KARACHI As Pakistan’s football revival gathers pace on and off the field, the Pakistan Football Federation (PFF) has released “Sway,” a music project that brings together football, culture and artists from across the world. Produced in collaboration with Humnava and co-curated by music producer Xulfi, the song was filmed in Hunza and Lyari, highlighting…
KARACHI: Pakistan Stock Exchange (PSX) on Wednesday staged a modest rebound as investors returned to accumulate selective blue chips after the previous session’s sharp sell-off, with easing concerns over the Strait of Hormuz disruptions restoring confidence. In the morning, the market got off to a flying start, when the benchmark KSE-100 index surged more than…
. PESHAWAR: The Khyber-Pakhtunkhwa government has announced a major increase in various allowances for provincial government employees, including doubling the travel allowance for disabled staff from Rs6,000 to Rs10,000 per month. Following cabinet approval, the Finance Department has issued separate notifications outlining the re-vised benefits, which will be implemented from July 1, and reflected in…