KARACHI: Pakistan Stock Exchange (PSX) rebounded on Thursday as the benchmark KSE-100 index closed higher despite volatile intra-day trading and persistent geopolitical uncertainty in the Middle East. The index gained almost 1,000 points to settle at 171,175, supported by strong buying in heavyweight stocks and improving market participation, according to brokerage houses. At the close…
Scraps US team trip to Pakistan Says cancellation does not signal return to fighting Traffic through Strait r WASHINGTON: President Donald Trump cancelled a trip by two US envoys to Iran war mediator Pakistan on Saturday, dealing a new setback to peace prospects. Trump told reporters in Florida that he decided to…
US, Iran near 60-day deal to reopen Strait of Hormuz, negotiate Tehran’s nuclear programme Prime Minister Shehbaz Sharif congratulated United States President Donald Trump for actively engaging in peace prospects by having a “very useful” and “productive” telephone call on Saturday with the leaders of Saudi Arabia, Qatar, Turkiye, Egypt, the United Arab Emirates, Jordan…
Chelsea midfielder Enzo Fernandez (2R) headed the winner against Leeds. Photo: AFP Enzo Fernandez fired Chelsea into the FA Cup final against Manchester City as the Argentine sealed a 1-0 win against Leeds in the Blues’ first match after Liam Rosenior’s sacking. Fernandez’s first-half header in Sunday’s semi-final at Wembley was an ironic twist after…
ISLAMABAD: As tensions around the Strait of Hormuz fuel inflation and energy insecurity, Pakistan is once again confronting a familiar challenge: how to shield its economy from imported energy shocks. “When petrol becomes expensive, everything becomes expensive,” said Jabbar Khan, a father of nine. According to the Pakistan Bureau of Statistics (PBS), Pakistan’s headline inflation…
KARACHI: The Sindh Assembly on Sunday night approved Rs3.652 trillion budget for the 2026-27 financial year after rejecting 1,600 cut motions moved by the opposition, while also authorising Rs165 billion in supplementary grants. The House also passed the Sindh Finance Bill, under which no new taxes have been imposed. Instead, the government has rationalised and…
LAHORE: The Punjab government is signalling a development strategy built around fiscal discipline, infrastructure expansion, social protection, climate resilience and economic empowerment as the provincial government prepares to unveil its budget for fiscal year 2026-27. Addressing representatives from industries, trade bodies, academia, media and civil society during a pre-budget consultation session on Monday, Punjab Finance…
MUZAFFARABAD: The Azad Jammu and Kashmir (AJK) Supreme Court has suspended the AJK High Court order granting interim relief to the PTI in its dispute with the AJK Election Commission over the party’s registration until July 2. On June 23, the AJK High Court directed the polls oversight body to provisionally register PTI as a…
KARACHI: Pakistan Stock Exchange (PSX) witnessed a range-bound session throughout the final day of the trading week on Friday, with the benchmark index fluctuating within a narrow band before closing in the red. The cautious activity came amid limited progress in US-Iran peace negotiations and persistent regional tensions, including clashes in Lebanon despite a ceasefire….
Foreign Minister Ishaq Dar and Maritime Affairs Minister Junaid Anwar Chaudhry. Photos: Files Maritime Affairs Minister Junaid Anwar Chaudhry said on Monday that the government was “actively working” to secure the release of 10 seamen held hostage by Somali pirates on a ship for over a month. The oil tanker Honour 25, sailing under the Somali flag…