Positive cues trigger rally as investors welcome budget reforms, easing US-Iran tensions KARACHI: Pakistan Stock Exchange (PSX) on Monday delivered a stellar performance as investors embraced the government’s reform-oriented budget measures and responded positively to reports of a preliminary peace agreement between the United States and Iran. The benchmark KSE-100 index opened on a strong…
The agreement would extend a tenuous ceasefire announced in April by another 60 days and reopen the Strait of Hormuz US and Iran flags are seen in this illustration taken June 18, 2025. REUTERS US President Donald Trump said on Monday a preliminary agreement to end the US-Israel war on Iran has been signed by the US and Iran,…
RAWALPINDI/ CHAKWAL: A significant development has emerged in the case of the killing of Australian-Pakistani minor Hania Ahmed in Chakwal during CCD firing, as an audio message from her injured father, Adeel Ahmed, has surfaced. Expressing dissatisfaction with the ongoing police investigation, he claimed that four CCD personnel riding two motorcycles chased and fired indiscriminately…
Brent crude futures fell $4.11, or 4.71%, to $83.22 a barrel by 1730 GMT, US WTI was at $80.54, down $4.34, or 5.11% Reuters June 16, 2026 Less than a minute read Oil falls $4 to three-month low HOUSTON: Oil prices slumped around $4 a barrel to a three-month low on Monday amid a broad…
KARACHI: Australian Prime Minister Anthony Albanese on Monday demanded a “transparent” investigation into the killing of a nine-year-old Pakistani-Australian girl “mistakenly” shot dead by the Punjab Crime Control Department (CCD) in Chakwal on June 10. Hania Ahmed suffered fatal shots after law enforcement officers in Chakwal shot at her family’s car last Wednesday. The onslaught…
ISLAMABAD: Supreme Court Justice Malik Shahzad Ahmad Khan has observed that the practice of planting fake narcotics recoveries against innocent persons – including politicians belonging to opposition parties, as well as individuals who have enmity with police officials or influential persons – is common in our society. “The practice of planting fake recoveries of narcotics…
WASHINGTON: US Vice President JD Vance said on Monday that Iran would not receive any funds simply for signing a framework agreement aimed at ending the war and reopening the Strait of Hormuz, insisting that any sanctions relief or access to frozen assets would depend on Tehran meeting strict nuclear commitments. Speaking in separate television…
NEW YORK: Oil prices fell sharply, while global stock markets surged on Monday after the United States and Iran announced an agreement to reopen the Strait of Hormuz, raising hopes of a lasting end to a conflict that has rattled energy markets and fuelled inflation worldwide. The world markets welcomed the prospect of reduced geopolitical…
ISLAMABAD: Pakistan will host the formal signing ceremony of a landmark peace agreement between Iran and the United States in Geneva on June 19, Prime Minister Shehbaz Sharif announced on Monday, hailing the breakthrough as a “new dawn of peace” after months of intense diplomacy that helped avert a wider regional war and potentially transformed…
ISLAMABAD: Pakistan’s mediation efforts came under the spotlight on Monday as world leaders welcomed a breakthrough agreement between the United States and Iran to end the three-month-long conflict in the Middle East, reopen the Strait of Hormuz, and provide reprieve to the struggling global economy. The war, which triggered a global energy crisis, erupted after…