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…
Since July 22, numerous unauthorised exchange outlets have been closed after the military intelligence agency summoned currency dealers to address the rising dollar rate in the open market. photo: file ISLAMABAD: Pakistan’s oil marketing companies (OMCs) are facing an acute liquidity crisis as up to Rs107 billion in unpaid price differential claims (PDCs) remains stuck,…
ISLAMABAD: Recent Western media reporting regarding the deployment of Pakistani troops and fighter jets to the Kingdom of Saudi Arabia (KSA) is “selective in framing” and “misrepresentative of the true essence of long-standing bilateral defence cooperation” between the two brotherly countries, according to security sources. Reuters, while quoting unnamed officials, reported on Monday that Pakistan…
ISLAMABAD: Pakistani and Indian officials held a rare meeting in Colombo this week in the presence of former diplomats, retired military officials and politicians from the ruling alliances of both countries under what is known as a Track 1.5 dialogue, according to sources familiar with the development. There have been several rounds of such unofficial…
Says Pakistan considers water security ‘red line’ and will not allow violations of the Indus Waters Treaty Information Minister Attaullah Tarar, speaking in a special address marking the first anniversary of Prime Minister Shehbaz Sharif’s address at the Pakistan Military Academy (PMA) Kakul. SCREENGRAB Information Minister Attaullah Tarar said on Sunday that Prime Minister Shehbaz…
PESHAWAR: The Peshawar District Inter-Club Weightlifting Championship will kick off on April 14 at the Gym Hall of Peshawar Sports Complex under the aegis of the Regional Sports Office Peshawar.The three-day event will feature participation from six different clubs of Peshawar, with competitions to be held in six weight categories: 55kg, 65kg, 73kg, 81kg, 89kg,…
KPT surpassed its previous all-time cargo handling record of 54.685 million tonnes during this fiscal year Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Sunday said the Karachi Port Trust (KPT) had achieved the highest annual cargo handling volume in its 138-year history, describing the milestone as a reflection of the growing maritime sector…
Kylian Mbappe at a press conference in Philadelphia on Sunday — he is set to win his 100th cap for France in Monday’s World Cup clash with Iraq. Photo: AFP MIAMI: Kylian Mbappe has already reached one major landmark at this year’s World Cup by becoming his country’s all-time top scorer, and on Monday he will hit…
Manchester City manager Pep Guardiola. Photo: AFP LONDON: Pep Guardiola insists Manchester City cannot use their gruelling schedule as an excuse if they fail to win the Premier League title.Guardiola’s second-placed side are three points behind leaders Arsenal heading into the final weeks of the season. But City’s title bid could be hampered by a…
Man sells vegetables at the Empress Market in Karachi, Pakistan. PHOTO: REUTERS KARACHI: An anti-inflation protest by Pakistan Tehreek-e-Insaf (PTI) and allied groups descended into chaos on Sunday as police sealed key roads around the Karachi Press Club, clashed with demonstrators, and detained 15 activists, including women and former lawmakers. The crackdown disrupted traffic, forced…