PSX rises back above 170,000 as oil eases

KARACHI: Pakistan Stock Exchange (PSX) recovered on Friday as late-session easing of crude oil prices lifted sentiment, allowing the benchmark KSE-100 index to close nearly 1,650 points higher. Arif Habib Limited (AHL), in its report, observed that Pakistan’s equity market recovered as the KSE-100 rose 0.98%, or 1,646.82 points, to close at 170,511.86. The rebound…

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Minister for restarting Cathay Pacific flights

Federal Minister for Commerce Jam Kamal Khan has urged Hong Kong to explore the resumption of Cathay Pacific flights to Pakistan, saying improved air connectivity could support business, tourism and commercial exchanges. During a meeting with Hong Kong Special Administrative Region Chief Executive John Lee Ka-Chiu, both sides reaffirmed their commitment to deepen trade, economic…

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Carrick faces derby test

Manchester United secure a dominant victory against Sabah in Champions League this week Manchester United interim manager Michael Carrick. Photo: AFP MANCHESTER: Michael Carrick’s first Manchester derby as interim manager brought a victory and bought him time. Eight months later, after leading United to a third-placed finish and being appointed on a permanent basis, expectation…

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Judiciary stands united to shield judges from ‘external pressure’: CJP Afridi

Says district courts are backbone of justice system, calls for stronger coordination between district and high courts CJP Afridi addressing a conference in Islamabad. Photo: Screengrab ISLAMABAD: Chief Justice Yahya Afridi on Saturday said the entire judiciary stood together to ensure judges were free from external pressure, adding that procedures had been put in place…

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Chinese firm wins $11.7m SEPCO contract

Four 66kV grid stations in Sindh to be upgraded to 132kV under $40m ADB-funded programme ISLAMABAD: Chinese firm Jiangsu Ankura Intelligent Electric Co Ltd has secured an $11.728 million contract under a $40 million Asian Development Bank (ADB) power project to upgrade four 66kV grid stations of the Sukkur Electric Power Company (Sepco) to 132kV,…

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Shelton books US Open final with Zverev

Ben Shelton of the U.S. celebrates winning his quarter-final match against Spain’s Carlos Alcaraz. Photo: REUTERS NEW YORK: Big-serving Ben Shelton overpowered US compatriot Frances Tiafoe in four sets on Friday to reach the first Grand Slam final of his career, booking a US Open title showdown with Alexander Zverev. Eighth-seeded Shelton blasted 20 aces…

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Verstappen unimpressed with new Madrid track

Four-time world champion Max Verstappen has signed a new contract at Red Bull until the end of 2030. Photo: AFP MADRID: Max Verstappen did not mince his words on Friday after finishing sixth in second practice, four-tenths adrift of pace-setting championship leader Kimi Antonelli, at the Spanish Grand Prix. Asked how he liked his first…

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