$3b Saudi support fuels robust PSX rally

KARACHI: Buying momentum continued at the Pakistan Stock Exchange (PSX) on Wednesday as investors reacted positively to Saudi Arabia’s commitment of an additional $3 billion in deposits. Trading commenced on a cheery note and by 9:34am the benchmark KSE-100 index had surged 4,287 points, or 2.59%. The strong move pushed the index above 170,000 within…

Read More

Barcelona on verge of Liga title

Barcelona earned a tight win at Osasuna to move to the brink of the La Liga title. Photo: AFP BARCELONA: Robert Lewandowski and Ferran Torres took Barcelona to the brink of the La Liga title with late goals to earn them a 2-1 win at Osasuna on Saturday. Elsewhere, Villarreal guaranteed themselves a Champions League…

Read More

Iran deal ‘largely negotiated’: Trump

• Trump says draft deal includes opening of Strait of Hormuz • Fars says Hormuz will remain under Iran’s management Iranian President Masoud Pezeshkian meets with Chief of Defence Forces Field Marshal Asim Munir in Tehran. PHOTO: REUTERS ISLAMABAD: Iran and the US are inching closer to signing an interim agreement aimed at ending the…

Read More

PSX surges 4% in holiday-shortened week

KARACHI: Pakistan’s equity market closed the week on a strong note as investor sentiment improved amid easing geopolitical tensions following the extension of US-Iran ceasefire for 60 days. The benchmark KSE-100 index surged 4% week-on-week to close at 173,963, gaining 6,119 points, in the shortest trading week of this year due to Eid holidays. The…

Read More

PTA warns WhatsApp may block accounts

. ISLAMABAD: The Pakistan Telecommunication Authority (PTA) on Tuesday warned that WhatsApp accounts linked to inactive or unregistered SIMs could become inaccessible if users did not update their details. In an advisory issued on X, PTA said users must ensure that their WhatsApp accounts were connected to an active and properly registered SIM, stressing that…

Read More

NCCIA opposes SC hearing directive

NCCIA argues that SC has a consistent and long-standing practice of not intervening in pending matters ISLAMABAD: The National Cyber Crime Investigation Agency (NCCIA) has challenged a Supreme Court order directing the Islamabad High Court (IHC) to decide applications filed by Imaan Mazari and her husband, Hadi Ali Chattha, seeking suspension of their sentences within…

Read More

Holders PSG edge Bayern Munich

Paris Saint-Germain are through to their second straight Champions League final, where they will face Arsenal. Photo: AFP LONDON: Holders Paris Saint-Germain set up a Champions League final against Arsenal after a 1-1 second-leg draw at Bayern Munich secured a 6-5 aggregate victory on Wednesday. PSG exploded on the counter less than three minutes in…

Read More