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…
ISLAMABAD: Pakistan State Oil (PSO) has imported petroleum products at hefty premiums to meet the country’s needs, but this high cost will put an additional burden on oil consumers, who are already reeling from exorbitant fuel prices. Amid US-Israel and Iran war, which has choked the Strait of Hormuz – a critical waterway for oil…
Oil price spikes on Trump’s “hell for Iran” threat, Strait of Hormuz tensions deepen selling pressure KARACHI: War-driven uncertainty kept the Pakistan Stock Exchange (PSX) under sustained pressure during Monday’s morning session, as trading opened in a tense environment. By 11:34am, the index had fallen to 148,027.32, down 2,371.39 points (1.58%) from the previous close…
New Delhi: Kolkata Knight Riders’ Finn Allen (PTI Photo) Finn Allen delivered a career-defining maiden IPL century to power Kolkata Knight Riders to a dominant eight-wicket win over Delhi Capitals, and after the match he opened up on the mindset shift behind his explosive turnaround. Allen smashed an unbeaten 100 off 47 balls, reaching his…
LONDON: Arne Slot said on Friday he and Mohamed Salah both want what is best for Liverpool after the Egyptian appeared to take aim at the Dutchman on his way out of the club. Salah’s storied nine-year spell at Anfield will come to a close after Sunday’s clash against Brentford. Liverpool still need a point…
Visiting dignitary receives guard of honour from Tri Services contingent upon his arrival at GHQ Chief of Army Staff (COAS) and Chief of Defence Staff (CDF) Field Marshal Syed Asim Munir, and , Commander-in-Chief of the Lebanese Armed Forces General Rodolphe Haykal meet at the General Headquarters (GHQ) in Rawalpindi. PHOTO: ISPR Pakistan and Lebanon…
LAHORE: Every few years, Pakistan finds itself at the edge of an economic breakthrough that never actually arrives. The country has the geography, youth, market size and increasingly the geopolitical relevance, yet foreign investors remain hesitant, the domestic industry stays frustrated and growth continues to punch well below its potential. The question being asked more…
‘There’s nothing worse than a nuclear weapon that takes out cities, destroys the Middle East,’ US President Donald Trump speaks at a press briefing at the White House. SCREENGRAB: Department of State on X US President Donald Trump said on Thursday that he would not use a nuclear weapon in the war against Iran. “Why would I use a nuclear weapon?…
Delegation tour StarCharge Group, a global leader in EV charging and smart energy technology in more than 60 countries CHANGZHOU: Special Assistant to the Prime Minister Haroon Akhtar Khan and Federal Minister for National Food Security Rana Tanveer Hussain have visited leading industrial enterprises in Changzhou to strengthen industrial collaboration with China. The delegation toured…
KARACHI: The State Bank of Pakistan (SBP) on Monday injected more than Rs4.6 trillion into the banking system through conventional and Shariah-compliant open market operations (OMOs). The central bank conducted reverse repo purchase operations with tenors of two and four days, accepting a total of Rs4.388 trillion against offers of Rs4.865 trillion. The injection was…