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…
Katz says Israel can target Iran again ‘if it deems it necessary’ despite ongoing US efforts to pursue diplomacy Iran’s Foreign Minister Abbas Araqchi in Moscow, Russia on April 18, 2025. Photo: Reuters Iranian Foreign Minister Abbas Araghchi on Wednesday warned of an immediate and powerful response after Israeli Defence Minister Israel Katz said Iran’s…
Oil prices gained more than 2% on Wednesday after the US military launched airstrikes against Iran and reimposed crude sales sanctions, raising fears their fragile truce was unravelling and Middle East supplies could be disrupted again. Brent crude futures gained $1.92, or 2.6%, at $76.08 a barrel. US West Texas Intermediate crude climbed $1.82, or 2.6%, to $72.26 a…
Toor’s lawyer says the law requires authorities to provide the details of the allegations in advance Journalist Asad Ali Toor. Photo: X/ File ISLAMABAD: The Islamabad High Court (IHC) on Friday directed the National Cyber Crime Investigation Agency (NCCIA) to provide renowned journalist Asad Toor with the details of the allegations against him in connection…
ISLAMABAD: Pakistan Railways is moving ahead with a major technology-driven transformation under an ambitious digitisation programme featuring a 1,700-kilometre fibre optic network and smart railway systems aimed at modernising operations, freight management and passenger services across the country. According to official project documents available with Wealth Pakistan, the initiative forms part of Pakistan Railways’ Railway…
KARACHI: Pakistan’s commercial banking sector is bracing for a major financial shock, as a sharp spike in interest rate yields is expected to wipe out more than Rs600 billion in revaluation surpluses within a single quarter. A report by Optimus Capital Management, titled ‘Back to Square One’, warns that the rapid shift in the fixed-income…
Freedom Network report blames PECA, legal and economic pressures for worsening press freedom and journalist safety ISLAMABAD: Pakistan’s media landscape witnessed a significant contraction of space for free expression during the last one year, driven by escalating legal, regulatory, and economic besides other pressures. This has been revealed in media watchdog Freedom Network’s latest annual…
Interior Minister Mohsin Naqvi shakes hands with Islamic Revolutionary Guard Corps (IRGC) chief Gen Ahmad Vahidi during a meeting in Tehran. Photo: X Interior Minister Mohsin Naqvi met Islamic Revolutionary Guard Corps (IRGC) chief Gen Ahmad Vahidi in Tehran during his visit to Iran for meetings with senior Iranian officials, PTV News reported on Wednesday….
Power Division says two-part policy offers lower variable rates, higher fixed charges; consumers free to stay on exist ISLAMABAD: The Power Division said on Thursday that the new two-part tariff policy for industries is optional, and industrial consumers will have the freedom to choose whether to opt for this alternative regime or remain on the…
KARACHI: Pakistan has successfully completed its inaugural Panda Bond issuance in China’s onshore capital market, marking the country’s first?ever entry into the world’s second?largest and deepest capital market, Advisor to the Finance Minister Khurram Schehzad announced on X on Thursday. The three?year fixed?rate instrument of RMB1.75 billion (equivalent to $250 million) attracted overwhelming investor demand…