PSX sheds over 900 points in mid-session trading

Index touches an intra-day high of 182,276.81, low of 179,411.35, indicating volatility in session KARACHI: The Pakistan Stock Exchange (PSX) witnessed a bearish trend during midday trading on Thursday, with the benchmark KSE-100 Index declining by over 900 points amid profit-taking and cautious investor sentiment. The KSE-100 Index stood at 180,701.35 points, reflecting a loss…

Read More

India, Australia sign uranium pact

Deal comes as Australian Premier Albanese hosts Indian counterpart Modi for summit in Melbourne India, Australia sign uranium pact. Photo: Anadolu Agency India and Australia on Thursday signed a pact to facilitate uranium exports as the two countries pledged to deepen defense and security cooperation. This came as Indian Prime Minister Narendra Modi arrived in…

Read More

UN chief praises Pakistan’s peace efforts during meeting with Naqvi

He also meets Russian Minister of Internal Affairs Kolokoltsev, agrees to strengthen Pakistan-Russian relations United Nations Secretary-General António Guterres on Thursday praised Pakistan’s efforts to promote peace during a meeting with Interior Minister Mohsin Naqvi at the United Nations headquarters in New York. Naqvi is representing Pakistan at the two-day United Nations Chiefs of Police…

Read More

Gold plunges in wake of Trump comments

KARACHI: Gold prices in Pakistan declined on Wednesday, mirroring losses in the international market where the precious metal came under pressure after oil prices surged and inflation concerns intensified following comments from US President Donald Trump on the US-Iran conflict. In the local market, the price of gold per tola dropped Rs4,700 to settle at…

Read More

NA panel urges KPT to complete expressway

ISLAMABAD:     The National Assembly Standing Committee on Economic Affairs on Wednesday proposed that the Karachi Port Trust (KPT) either complete the Lyari Elevated Expressway project on its own or execute it under a public-private partnership (PPP) The committee, which met under the chairmanship of Mirza Ikhtiar Baig, held a detailed discussion on the…

Read More

Oil sector assured of PDC payment

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Wednesday assured the downstream petroleum industry that it would share a revised framework and implementation timeline for the settlement of long-pending price differential claims (PDCs), following a meeting with chief executives of oil marketing companies (OMCs). The meeting, chaired by Ogra’s new leadership, brought together chief…

Read More

Power restored to much of Cuba

. HAVANA: Power was restored to large parts of Cuba on Tuesday, a day after the third nationwide blackout in six months on the island, which is reeling from a severe economic crisis and US fuel blockade. Ten of the country’s 15 provinces had been reconnected to the grid by Tuesday afternoon, but the low…

Read More

PM to review law, order in Quetta

ISLAMABAD: Prime Minister Shehbaz Sharif will chair a high-level meeting in Quetta on Thursday (today) on the law-and-order situation in Balochistan during a daylong visit to the provincial capital, Express News reported. The prime minister will also preside over a meeting of the provincial Apex Committee. The meeting will review the overall law and order…

Read More

Uproar after fatal ICE shooting in Houston

Ronaldo Salgado, son of Mexican motorist Lorenzo Salgado Araujo, who was fatally shot by an ICE agent, reacts on the day of a press conference, in Houston, Texas. Photo: REUTERS HOUSTON: There were growing calls on Wednesday for an independent investigation into the fatal shooting of a man in Houston by a U.S. Immigration and…

Read More