Investor confidence surges as budget measures, Iran-US peace breakthrough push KSE-100 index to 175,746.63 points KARACHI: An “all is well” sentiment prevailed at the Pakistan Stock Exchange (PSX) on Monday as market participants welcomed the government’s reform-oriented budget measures and responded positively to reports of a preliminary peace agreement between the United States and Iran….
Condemns Israeli strikes on Beirut, saying civilian harm that disrupts Iran peace talks is unacceptable US Vice President JD Vance delivers remarks during an event at Gold Coast Studios on June 17, 2026 in Bethpage, New York.REUTERS United States Vice President JD Vance lashed out at Israeli critics of the Iran deal on Thursday, saying President…
Submits call attention notice in upper house, asks IT minister when licences will be issued ISLAMABAD: Prolonged delay in issuing licences for satellite-based internet services will be debated in the Senate as a senator has submitted a call attention notice seeking explanation from the federal minister for information technology. “I would like to draw the…
ISLAMABAD: The federal government has set the Rs290 to a dollar exchange rate for the new budget, which shows a nominal depreciation of 3.5% in the next fiscal year and indicates its comfort in meeting external debt repayment obligations. The exchange rate has been determined for the purpose of calculating disbursements and repayments of foreign…
Says illegal emigration bringing disrepute to Pakistan as several countries have raised issues with Islamabad Director General of the Federal Investigation Agency (FIA) Dr Usman Anwar on Tuesday revealed that as many as 10,000 Pakistanis travelled to the United Kingdom on student visas and subsequently applied for political asylum. The details were revealed during a…
The 27-year-old Slovenian won five stages and had been in yellow since his victory Tadej Pogacar joined Jacques Anquetil, Eddy Merckx, Bernard Hinault and Miguel Indurain as the most successful riders in Tour de France history. Photo: AFP LOURDES, FRANCE: Tadej Pogacar ticked off a “big goal” as he claimed his record-equalling fifth Tour de France title as…
Power outages persist as over 50 electricity transformers are out of order. PHOTO: FILE KARACHI: Prolonged power outages have brought key Sindh education offices to a standstill, disrupting official work, online systems and public services for nearly three weeks despite officials claiming that all electricity dues have been cleared and repeated complaints lodged with K-Electric….
ISLAMABAD: The installed electricity generation capacity of Pakistan has jumped up to 49,651 megawatts, reflecting an 8.5% increase primarily because of the addition of power production through solar net metering, according to the Pakistan Economic Survey 2025-26 released on Thursday. The installed generation capacity stood lower at 45,782 MW in the corresponding period (July-March) of…
Industry says rules are impractical, may deepen liquidity crisis and delay reimbursement ISLAMABAD: Oil marketing companies (OMCs) have raised serious concerns over new verification requirements imposed by the Oil and Gas Regulatory Authority (Ogra) for the release of price differential claims (PDC), warning the move could delay reimbursements and deepen liquidity crisis. In a recent…
Relatives mourn the death of children in a roof collapse incident in Lahore. Photo: REUTERS LAHORE: At least 14 children were killed and nine others, including a teacher, were injured after the roof of a private tuition centre collapsed in Lahore’s Kahna area on Tuesday, triggering a massive rescue operation as authorities launched an investigation…