SMEs an industry-wide priority

Aurangzeb welcomed the continued scaling up of risk-sharing and partial guarantee schemes, particularly for SMEs and small farmers, to mobilise private capital. photo:file KARACHI: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Tuesday announced the formation of a dedicated SME Finance Task Force to expand access to credit for small and medium enterprises,…

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Russia tries to jam Musk’s Starlink systems to counter Ukrainian drones

Kyiv’s ‘mid-strike’ drones, flown via Starlink, can hit targets dozens of kilometres behind front lines accurately Russian forces are trying to counter Ukrainian “mid-strike” drone attacks by camouflaging cargoes and installing powerful jamming systems to disrupt Elon Musk’s Starlink satellite internet system, Ukrainian drone commanders and pilots told ​Reuters. Kyiv’s development of “mid-strike” drones that…

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Global LNG trade hit record in 2025

LONDON/SINGAPORE: Global liquefied natural gas trade hit a record last year as strong US exports and rising European imports offset weaker Asian purchases, the International Gas Union said in a report on Wednesday. Conflict in the Middle East could lead to a contraction in 2026, however, it warned. “The conflict in the Gulf has damaged…

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Gold prices in Pakistan Today

KARACHI: Gold prices continued to decline for the fourth consecutive day in global and local markets on Wednesday. In the international bullion market, the price of gold fell by $47 per ounce, reaching $4,078 per ounce. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola in the local…

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Israeli army launches fresh raids amid intensified operations in occupied West Bank

Military tightens measures at checkpoints, detains Palestinians during raids across several cities The Israeli army launched fresh raids across several areas of the occupied West Bank late Tuesday, detaining Palestinians, tightening military measures at checkpoints and triggering confrontations in some locations. Clashes erupted around the Qalandia refugee camp north of occupied East Jerusalem as Israeli…

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PSX rattled by Middle East tensions

KSE-100 Index falls 1,833.99 points to 184,421.56 by midday as investors continue broad-based selling KARACHI: Fresh geopolitical uncertainty jolted investor confidence on Wednesday, unleashing a sharp sell-off at the Pakistan Stock Exchange that briefly pushed the benchmark KSE-100 Index down almost 2,500 points during the opening minutes of trading. The sell-off was triggered by heightened…

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US, Japan, South Korea sign cooperation agreement for deployment of small modular reactors

MOC advances mutual security interests, helps partner countries meet energy security needs, says US State Department The United States, Japan and South Korea signed an agreement Tuesday on the sidelines of the NATO Summit in Ankara, Türkiye to establish a framework for trilateral cooperation aimed at accelerating the deployment of small modular reactors (SMRs) ⁠in…

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