PSX gains over 1,000 points as US-Iran mediation lifts investor sentiment

Buying interest witnessed automobile assemblers, commercial banks, oil and gas exploration companies KARACHI: The Pakistan Stock Exchange (PSX) rebounded further on Tuesday as investor sentiment improved amid reports of mediation efforts between the United States and Iran, with the benchmark KSE-100 Index gaining more than 1,000 points in midday trading. The index rose to an…

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Petroleum minister, Kuwaiti exploration company discuss expanding energy cooperation

Ali Pervaiz Malik says government remained committed to expanding its long-standing energy cooperation with Kuwait Petroleum Minister Ali Pervaiz Malik holds meeting with Kuwait Foreign Petroleum Exploration Company (KUFPEC) Vice President for Operations Tariq Ibrahim. SCREENGRAB Petroleum Minister Ali Pervaiz Malik on Tuesday met Kuwait Foreign Petroleum Exploration Company (KUFPEC) Vice President for Operations Tariq…

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JI to block highways nationwide on Aug 7 over inflation, rising fuel prices

Warns that any attempt to suppress the peaceful protest could turn the movement into an anti-government campaign JI chief Hafiz Naeemur Rehman addressing the opening session of the party’s three-day congregation at the Minar-e-Pakistan in Lahore. Photo: X/file LAHORE: Jamaat-e-Islami (JI) Chief Hafiz Naeemur Rehman on Tuesday announced a nationwide blockade of major highways on August…

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Khalil al-Hayya new Hamas chief

. GAZA: Hamas announced on Monday that it had elected Khalil al-Hayya, the group’s lead negotiator in indirect ceasefire talks with Israel, as the new head of its political bureau. “Hamas announces the election of brother mujahid Khalil al-Hayya as head of the movement’s political bureau, succeeding the martyred leader Yahya al-Sinwar,” Hamas said in…

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FinMin discusses refinery modernisation with Honeywell in Washington

Talk about potential to enhance country’s domestic refining capacity, reduce reliance on imported petroleum products Finance Minister Muhammad Aurangzeb, met with a delegation of Honeywell Technologies led by its Vice President and General Manager, Barry Glickman, in Washington DC. PHOTO: X Finance Minister Muhammad Aurangzeb on Tuesday met a delegation from Honeywell Technologies in Washington,…

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Gold inches up amid US-Iran tensions, Fed uncertainty

Local rate rises Rs300/tola as international prices stay stable; rupee up at 277.95/$ KARACHI: Gold prices in Pakistan edged higher on Monday, largely in line with a stable trend in international markets, as investors weighed the implications of the escalating US-Iran tensions that lifted energy prices and caused uncertainty about the outlook for US rates….

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