PSX plunges 6,400 points on ME tensions
KARACHI: Massive selling eclipsed trading at the Pakistan Stock Exchange (PSX) on Tuesday as escalating…
PSX plunges 6,400 points on ME tensions
KARACHI: Massive selling eclipsed trading at the Pakistan Stock Exchange (PSX) on Tuesday as escalating US-Iran tensions and soaring oil prices sparked panic, dragging the KSE-100 index down by more than 6,400 points. The market remained under pressure since the opening bell, with investors offloading shares across the board amid fears that the geopolitical situation…
Muslim man stabbed multiple times in US over his religion, police say
A man was arrested in Utah, United States, for stabbing a Muslim man multiple times and stated that he targeted the victim because of the victim’s religion, police said in court records on Tuesday. Police said the suspect told them he “intends to kill Muslims” and that he constituted “a substantial danger to the public…
Fazl's remark draws ministers' ire
Ministers from the ruling Pakistan Muslim League-Nawaz (PML-N) on Tuesday lashed out at Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman over his remarks about security personnel, saying the sacrifices of martyrs could not be reduced to salaries or become the subject of political debate. Information Minister Attaullah Tarar said there was no room for such…
Oil hits one-month high over Hormuz tensions
NEW YORK: Oil prices rose to a one-month high on Tuesday after the US reimposed a naval blockade on Iran and as renewed attacks between Washington and Tehran heightened concerns over energy flows through the Strait of Hormuz. Before the Iran war, about 20% of global oil supplies flowed through the strait. Keeping price gains…
US sanctions more than 50 individuals, entities, vessels tied to Iranian shipping.
Sanctions target financial facilitators, shipping executives, logistics firms, vessel operators The US imposed sanctions Tuesday on more than 50 individuals, companies and vessels accused of supporting an alleged illicit shipping and sanctions evasion network linked to Iranian oil shipping magnate Mohammad Hossein Shamkhani, the Treasury Department announced. The Department of the Treasury’s Office of Foreign…
PM Shehbaz reviews monsoon preparedness with NDMA chief
Premier orders closer coordination with provincial governments, disaster authorities amid monsoon season Prime Minister Shehbaz Sharif meets Chairman National Disaster Management Authority Lt General Inam Haider Malik in Islamabad, July 15, 2026. PHOTO: PMO/X Prime Minister Shehbaz Sharif on Wednesday met the Chairman of the National Disaster Management Authority (NDMA), Lieutenant General Inam Haider Malik,…
China trade surges16.9% in H1
High-tech and green exports drive growth as imports jump, though global risks loom China is also seeking to expand domestic semiconductor manufacturing capacity and reduce the industry’s reliance on advanced Nvidia chips that are subject to US export controls. PHOTO: REUTERS BEIJING: China’s foreign trade posted strong growth in the first half of 2026, expanding…
Death toll in Thai pub fire rises to 32, officials say, with dozens still in hospital
Authorities believe fire was probably sparked by an electrical short circuit in a ceiling air conditioner Family members react as they receive the body of a victim at the Police Hospital morgue, following a deadly fire at a pub in Bangkok, Thailand. Photo: Reuters The death toll from an explosive fire at a Bangkok live music pub…
PTI to finalise Aug 5 protest strategy today
With calls from within the party and from PTI founder Imran Khan’s family to intensify pressure on the government LAHORE: The PTI will hold a parliamentary party meeting on Wednesday (today) to discuss a wide range of issues, with the party’s strategy for the planned August 5 protest expected to dominate the agenda. The recommendations…
Oil prices rise as hostilities worsen in the Middle East
Iran renewed attacks on the United Arab Emirates on Tuesday, causing oil loading at the port of Fujairah to be at least partly halted after the third attack in four days. FILE IMAGE: PIXABAY Oil extended gains on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Tehran launched strikes on US infrastructure…
