Minister eyes EU investment in grid modernisation

ISLAMABAD: Federal Minister for Power Sardar Awais Ahmed Khan Leghari has briefed a visiting European Union delegation on the comprehensive transformation under way in Pakistan’s power sector, highlighting four strategic areas for modernisation and inviting European investors to participate in the country’s ongoing privatisation and infrastructure initiatives, according to a statement issued on Monday. The…

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Global oil inventories near 22-year low

Total oil inventories in the members of the Organisation for Economic Cooperation and Development will fall NEW YORK: Oil stockpiles in the world’s largest economies were headed toward the lowest levels since at least 2003 as top consuming nations tapped inventories at a record pace to plug the loss of over 11 million barrels a…

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FO rejects Indian claims on AJK, urges focus on Kashmir issue

Says situation in AJK being addressed within a democratic and constitutional framework Foreign Office spokesperson Tahir Andrabi speaking at the Foreign Office’s weekly press briefing. SCREENGRAB The Foreign Office Spokesperson Tahir Andrabi on Thursday termed the statement by the Indian minister on blocking water to Pakistan as “deeply irresponsible” and warned that any deliberate attempt…

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PSX gains over 2,500 points as US-Iran peace hopes fuel bullish rally

KSE-100 surges past 170,000 intraday on strong institutional buying, easing geopolitical tensions KARACHI: The Pakistan Stock Exchange (PSX) extended strong bullish momentum on Monday as the benchmark KSE-100 Index hovered around 170,423.30 points at 1:24pm, up 2,579.06 points or 1.54% in intraday trade. During the session, the benchmark index touched an intraday high of 171,519.26…

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Pakistan to host Billie Jean King Cup

Pakistan is set to script history as it prepares to host the Billie Jean King Cup for the first time, with 10 Asian women’s tennis teams confirmed to compete in the country in October, the Pakistan Tennis Federation (PTF) announced on Sunday. “For the first time in Pakistan’s sporting history, 10 Asian women’s tennis teams…

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Gold jumps Rs15,700 on US-Iran truce

KARACHI: Gold prices in Pakistan recorded a sharp increase on Wednesday, tracking gains in the international market, where bullion climbed to a near three-week high amid easing geopolitical tensions and a softer US dollar. In the local market, the price of gold per tola jumped by Rs15,700 to reach Rs504,162, according to the rates issued…

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