KARACHI: Pakistan Stock Exchange (PSX) witnessed a range-bound session throughout the final day of the trading week on Friday, with the benchmark index fluctuating within a narrow band before closing in the red. The cautious activity came amid limited progress in US-Iran peace negotiations and persistent regional tensions, including clashes in Lebanon despite a ceasefire….
Iranian Foreign Minister Abbas Araghchi. PHOTO: ANADOLU AGENCY Iranian Foreign Minister Abbas Araghchi criticised Lebanese President Joseph Aoun after the latter’s comments on Tehran’s role in Lebanon. In a post on X, Araghchi said Aoun’s remarks created the impression that Iran, rather than another actor, was responsible for Lebanon’s current challenges. “Based on Mr Aoun’s…
ISLAMABAD: The Federal Constitutional Court (FCC) has ruled that appointments to important public offices must demonstrably conform to constitutional standards of fairness, transparency, institutional integrity and merit-based governance, holding that executive authority cannot be exercised on undisclosed considerations or in disregard of established selection procedures. Upholding a Peshawar High Court (PHC) judgment that set aside…
International bullion drops 2.4% as markets price in 68% chance of Fed rate hike by December KARACHI: Gold prices in Pakistan declined on Friday, tracking a sharp fall in the international market where bullion lost more than 2% after stronger-than-expected US employment data reinforced expectations that the Federal Reserve may keep interest rates elevated for…
IRGC says it launched ballistic missiles at American military installations in the region, Tasnim News reports An Iranian missile launcher. PHOTO: ANADOLU AGENCY Iran’s Islamic Revolutionary Guard Corps (IRGC) said it struck “enemy bases” in Kuwait and Bahrain after US drones attacked sites on Iranian territory, Tasnim News reported on Saturday. The IRGC’s Aerospace Force…
ISLAMABAD: Water sector development in the next fiscal year is set to face a major funding squeeze, with the government proposing Rs179 billion in allocations against a required outlay of Rs969 billion. According to sources, the Ministry of Water Resources had projected a total requirement of Rs969 billion for ongoing and planned development schemes. However,…
Prince Mansour assured minister of full cooperation, expressed great optimism regarding outcomes of his visit ISLAMABAD: Saudi Pakistan Joint Business Council Chairman Prince Mansour bin Muhammad Al Saud has expressed strong interest in investing in Pakistan’s motorway projects during a meeting with Federal Minister for Communications Abdul Aleem Khan, according to a statement issued on…
A paramedic walks among the rubble at a site damaged in an Israeli strike, amid escalating hostilities between Israel and Hezbollah, as the US-Israeli conflict with Iran continues, in Nabatieh, Lebanon, March 25, 2026. PHOTO: REUTERS BEIRUT: Lebanon’s leaders issued pointed calls for Iran to stop interfering in their country’s affairs on Friday, as Israel…
Current visit would help both sides to carry forward the discussions Prime Minister Shehbaz Sharif departs China after concluding his four-day official visit. PHOTO: PMO ISLAMABAD: Prime Minister Shehbaz Sharif has said that Pakistan was keen to elevate its economic ties with Saudi Arabia into a mutually beneficial economic partnership. He was talking to a…
Okays Rs10.2b for submarines, Rs693m for peace talks, clears Rs100b loan guarantee ISLAMABAD: The government on Friday approved over Rs10 billion in additional budget for the development of submarines and also sanctioned nearly Rs700 million as a supplementary grant to cover expenses for holding the first round of US-Iran peace talks. The Economic Coordination Committee…