PSX plunges 3,791 points over oil worries

KARACHI: The Pakistan Stock Exchange (PSX) on Monday came under severe selling pressure, tracking a broader global market decline, as fears of rising inflation intensified amid a global oil crisis. The bourse plunged nearly 3,800 points, triggered by stalled US-Iran peace negotiations, which kept tensions high around the Strait of Hormuz and pushed crude prices…

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Turkey ‘optimistic’ Middle East ceasefire will be extended: foreign minister

Hakan Fidan says US-Iran talks are largely complete, but key disagreements remain Turkey’s Foreign Minister Hakan Fidan speaks to the reporters at Antalya Diplomacy Forum in Antalya, Turkey, April 19, 2026. REUTERS Turkey said it remained “optimistic” that a two-week ceasefire between Iran and the United States set to expire on Wednesday would be extended….

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Pakistan launches EO-3 satellite, boosts Earth observation capability

Successful deployment of EO-3 from China marks a milestone in Pakistan’s pursuit of tech self-reliance, space services A Pakistani EO-3 satellite is launched from China’s Taiyuan Satellite Launch Center in Shanxi province on Saturday. Photo: Xinhua Pakistan on Saturday achieved a “major milestone” in its space programme with the successful launch of an indigenous Electro-Optical…

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Tariq Fazal rejects JAAC claims of inaction, says most agreement commitments fulfilled

Federal minister urges dialogue over confrontation as JAAC plans fresh protests in AJK Federal Minister for Parliamentary Affairs Tariq Fazal Chaudhry addresses a press conference in Islamabad on Sunday. SCREENGRAB Federal Minister for Parliamentary Affairs Dr Tariq Fazal Chaudhry on Sunday rejected claims that the October 3, 2025, agreement with the Joint Awami Action Committee…

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Durefishan reflects on spiritual transformation after performing Hajj

Actor says ‘body is in aches but heart is fuller than ever’, shares emotional takeaways from journey Actor Durefishan Saleem took to social media to share her Hajj experience, reflecting on faith, patience, and deep spiritual transformation. Posting a photo dump on Instagram featuring moments of prayer, religious learning, meals, family time, and visuals from Makkah, Durefishan…

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EPZ duty structure leads to double taxation

ISLAMABAD: A delegation of National Steel Complex Limited met Federal Minister for Commerce Jam Kamal Khan to discuss issues relating to industrial competitiveness, tariff rationalisation, value-added manufacturing, and operational challenges being faced by steel and engineering sectors. The delegation briefed the minister on concerns arising from the existing duty structure applicable to raw materials, intermediate…

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Govt raises $500m at 7% interest

A worker walks past inside the Asian Development Bank (ADB) headquarters in Manila. Photo: Reuters/ File ISLAMABAD: Pakistan on Friday raised a $500 million debt at 7% interest rate by floating Eurobonds and has separately requested the Bank of China to give an extension in submitting an application for its permission to float $250 million…

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