Naval chief vows modernisation of warfare techniques, tools to consolidate maritime influence

Chief of the Naval Staff Admiral Naveed Ashraf on Wednesday called for a reassessment of traditional warfighting concepts to keep pace with the evolving nature of modern conflicts, underscoring the importance of technological advancement and strategic adaptability to address emerging maritime security challenges. The naval chief said this during an address to the participants of…

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Gold tumbles Rs10,400 on global sell-off

Price of gold settled at Rs432,236 per tola in the local market, price of 10-gram gold dropped by Rs9,360 to Rs368,985 KARACHI: Gold prices in Pakistan witnessed a sharp decline on Tuesday, tracking losses in the international market where a stronger US dollar and rising expectations of a Federal Reserve interest rate hike dampened investor…

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FM Dar tables US-Iran deal in NA, says next phase to cover nuclear matters, sanctions and Lebanon issue

Says agreement was structured in two phases, with three issues in second phase having ‘been a source of real problem’ Deputy Prime Minister and Foreign Minister Ishaq Dar addressing the National Assembly. SCREENGRAB Foreign Minister Ishaq Dar on Wednesday tabled the three-page US-Iran agreement in the National Assembly, saying phase two would involve technical discussions on…

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Local govts starved of provincial funds

KARACHI: Pakistan’s provinces, which once complained that the federal government was monopolising power and economic resources, have themselves become barriers to devolution at the district level, particularly when it comes to fiscal and economic authority. Provinces are projected to receive Rs9.2 trillion in federal transfers in FY26-27, yet only Rs1.8 trillion is being transferred onward…

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PSX gains over 1,600 points as buying momentum returns

KARACHI: Buying momentum returned to the Pakistan Stock Exchange (PSX) on Wednesday, with the benchmark KSE-100 index gaining 1,666.85 points, or 0.94%, to reach 179,359.77 by 1:24pm. The market maintained its upward trajectory after a positive start to the session. Earlier in the morning, the benchmark index had climbed 551.65 points, or 0.31%, to 178,244.57…

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Bilawal Bhutto slams Khawaja Asif over AJK remarks

Questions why he remained in the cabinet, accuses some govt members of creating political problems for PM Pakistan Peoples Party chairman Bilawal Bhutto Zardari speaking on the floor of the National Assembly. SCREENGRAB PPP Chairman Bilawal Bhutto Zardari on Wednesday criticised Defence Minister Khawaja Asif over remarks about Azad Jammu and Kashmir (AJK), questioning why…

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UK tribunal allows $4b Apple case to proceed

Collective proceedings could involve tens of millions of Apple users over iCloud services LONDON: Britain’s competition tribunal has approved a £3 billion ($4 billion) lawsuit against Apple over its iCloud storage service, consumer group Which? said on Tuesday, clearing the way for tens of millions of consumers to join a collective action. The Competition Appeal…

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Security curbs disrupt life in twin cities

RAWALPINDI: Life across the twin cities of Rawalpindi and Islamabad came to a near standstill on Tuesday as unprecedented security arrangements were enforced for the arrival of Iranian President Dr Masoud Pezeshkian in Islamabad and the central Muharram Mehdi procession in Rawalpindi. Authorities implemented extensive security measures, including the placement of hundreds of shipping containers…

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