As fashion stumbles, jewellery will help shape luxury’s winners
Sales of jewellery at Richemont soar by 24% in quarter till June 30, LVMH also…
As fashion stumbles, jewellery will help shape luxury’s winners
Sales of jewellery at Richemont soar by 24% in quarter till June 30, LVMH also expected to improve hard luxury sales The Cartier store in New York City, US, July 7, 2026. PHOTO: REUTERS As luxury groups grapple with weak fashion sales and a hit to spending from the Middle East conflict, investors are increasingly…
SBP keeps policy rate unchanged at 11.5%
Central bank governor says inflation has declined gradually during the first six months of the year SBP Governor Jameel Ahmed during a press conference. Photo: SBP Meta The State Bank of Pakistan (SBP) on Monday kept its policy rate unchanged at 11.5%, maintaining its current monetary policy stance following a meeting of the Monetary Policy…
K-P offers cash rewards for terror intel
Authorities have released photographs of the wanted terrorists along with the bounties placed on their heads DERA ISMAIL KHAN: The Khyber-Pakhtunkhwa (K-P) government has appealed to the people of Dera Ismail Khan to remain vigilant against the suspicious activities of terrorists, announcing substantial cash rewards for any citizen who provides information leading to the presence,…
Arrested terrorist says he was paid Rs25,000 to carry out attacks on Baloch people
Security sources say he received militant training at a camp in Balochistan during interrogation Security sources on Monday shared that a terrorist belonging to Fitna al-Hindustan told investigators that he had been recruited through false promises and financial incentives and was paid Rs25,000 to carry out attacks on Baloch people. They added that the disclosures were…
Oil prices drop after US, Iran pause fighting over weekend
Sunset clouds glow over pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau region, Kazakhstan, April 21, 2026. PHOTO: REUTERS Oil prices tumbled more than 5% on Monday after the US and Iran paused strikes over the weekend following two weeks of attacks, raising hopes of a diplomatic solution that would…
Ukraine wants prototype of European missile defence system by mid-2027, official says
Codenamed Freyja, project relies on allies pooling radars, sensors, control electronics Ukrainian service members walk next to a launcher of a Patriot air defence system, amid Russia’s attack on Ukraine, in an undisclosed location, Ukraine, August 4, 2024. PHOTO: REUTERS Ukraine wants a prototype for a European anti-ballistic system codenamed Freyja to be ready within the first half of next year, a senior…
PSX roars back as US-Iran tensions ease
KSE-100 jumps over 5,300 points as Brent plunges 4.2% to $92.74; autos, banks, cement and energy stocks lead buying KARACHI: Equities at Pakistan Stock Exchange (PSX) managed a muted cheer on Monday as investors took the latest signs of de-escalation between the United States and Iran as a step towards putting the conflict on hold,…
GSP+: a bridge, not a destination
The European Union's latest assessment of Pakistan's performance under the GSP+ preferential trade scheme presents a mixed picture. There is encouraging progress, but also areas of serious concern. The report is neither a recommendation to withdraw Pakistan's GSP+ status nor a clean bill of health. Among the positive developments, the report highlights stronger human rights…
Veteran nuclear scientist Pervez Butt passes away
. ISLAMABAD: Former Pakistan Atomic Energy Commission (PAEC) chairman Pervez Butt, a recipient of the Nishan-i-Imtiaz, Hilal-i-Imtiaz and Sitara-i-Imtiaz, passed away on Sunday at the age of 84, the commission announced. In a statement, the PAEC described Butt as one of the founding members of Pakistan’s strategic and nuclear programme and a distinguished mechanical engineer,…
K-P CM denies existence of Imran release force
ISLAMABAD: The Khyber-Pakhtunkhwa (K-P) Chief Minister Sohail Afridi has categorically denied the existence of any “Imran Khan Rehai Force,” telling the Federal Constitutional Court (FCC) that no such organisation has ever been constituted, notified or operationalised. In a concise statement submitted through K-P Advocate General Shah Faisal Uthmankhel, Afridi clarified that the alleged “Imran Khan…
