PSX falls 2,320 points as geopolitical jitters weigh

KSE-100 closes at 175,802 points amid US-Iran tensions, which trigger risk aversion KARACHI: The KSE-100 index closed at 175,802 points on Friday, down 2,320 points, as investors adopted a risk-averse stance amid escalating United States-Iran geopolitical tensions and ahead of the upcoming corporate earnings season. The benchmark index closed at 175,802 points, down 2,320 points…

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Uber in $15b deal for Delivery Hero

Acquisition advances the US ride-hailing firm’s efforts to build a global food-delivery business BERLIN: Uber agreed on Thursday to buy Germany’s Delivery Hero at an equity value of $14.8 billion to create the largest food-delivery group outside China and stave off intensifying competition from US and European rivals. The acquisition advances the US ride-hailing firm’s…

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All-rounder Mohammad Nawaz sanctioned after cannabis-related positive test

Nawaz admits anti-doping code violation, ICC says substance used outside competition Cricket – ICC Men’s T20 World Cup 2026 – Group A – India v Pakistan – R. Premadasa International Cricket Stadium, Colombo, Sri Lanka. Photo: Reuters Mohammad Nawaz has been sanctioned by the International Cricket Council (ICC) after testing positive for a cannabis-related substance,…

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PTC demands export refinance revival

Textile exports nearly stagnant at 0.26% as high costs, cotton shortage hit industry ISLAMABAD: Pakistan Textiles Council (PTC) has drawn the attention of Prime Minister Shehbaz Sharif to the country’s stagnant textile exports and called for the immediate rollout of an export refinancing scheme to revive exports. In a letter to the prime minister, the…

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Digital exchanges eye Pakistani investors

KARACHI: Several global exchange companies are focusing on Pakistan’s market to attract investors after the military crisis in the Middle East shifted their interest in different venues, particularly to multiple high-dividend, accessible, and secure options. Industry experts say geopolitical uncertainty in the Middle East, coupled with changing investor preferences and the rapid expansion of digital…

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