PSX slides 2,541 points as oil dents interest

PSX The KSE-100 index experienced seesaw movements during the outgoing week PHOTO:FILE KARACHI: Pakistan Stock Exchange (PSX) began the week on a sharply negative note on Monday as escalating Middle East tensions and concerns over oil supply triggered a broad-based sell-off, wiping out more than 2,500 points from the benchmark KSE-100 index by the close….

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Gold falls Rs3,800 as global rate hits 1-month low

KARACHI: Gold prices in Pakistan fell Rs3,800 per tola on Monday, tracking the decline in international bullion markets, as rising oil prices and stronger-than-expected US inflation data bolstered expectations of a possible rate hike by the Federal Reserve this week. According to the All-Pakistan Gems and Jewellers Sarafa Association, the price of gold fell to…

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IOC visits Lyon ahead of 2030 Winter Olympics

PARIS: The International Olympic Committee (IOC) on Monday began a three-day visit to Lyon to check on the progress of the 2030 Winter Olympics, which have been hit by a leadership crisis. Following months of tension, the head of the Games’ organising committee, Edgar Grospiron, resigned his post last week. Vincent Roberti, deputy head of…

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China urges US to halt military buildup in space after acknowledgment of orbital weapons

Beijing opposes attempts to ‘weaponise’ outer space as US Air Force chief confirms operational weapons in orbit US Space Force Guardians assigned to Space Delta 5 monitor computer workstations at Vandenberg Space Force Base, California, US, December 18, 2025. PHOTO: REUTERS China on Tuesday urged the United States to stop expanding its military buildup in…

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SCO-RATS condemns military strikes against Iran

ISLAMABAD: Pakistan on Monday hosted a key Shanghai Cooperation Organisation (SCO) counterterrorism meeting in Islamabad where member states, including India, China and Russia, jointly condemned fresh military attacks against Iran and backed efforts to de-escalate tensions in the region. The convergence was significant given the sharply divergent strategic interests of the SCO members. The development…

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Govt approves Rs75b fuel relief

ISLAMABAD: The government on Monday approved Rs75 billion in petrol relief package for three months for motorcyclists and small car owners, which was equal to 16% of the projected monthly levy collection, a move that would provide only a temporary respite. The Economic Coordination Committee (ECC), which formally sanctioned the fuel package, also approved sale…

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Leeds cruise into Premier League top three

Leeds United’s Ao Tanaka shoots at goal before Newcastle United’s Lewis Miley scores their first with an own goal. Photo: REUTERS LEEDS: Leeds demolished Newcastle 4-1 to climb up to third in the Premier League table on Monday and inflict a punishing first defeat for Magpies boss Matthias Jaissle. A Lewis Miley own goal opened…

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