PSX slips into red as investors book profits
KARACHI: The Pakistan Stock Exchange (PSX) traded on a volatile note on Tuesday, surrendering early…
PSX slips into red as investors book profits
KARACHI: The Pakistan Stock Exchange (PSX) traded on a volatile note on Tuesday, surrendering early gains as investors resorted to profit-taking amid a cautious regional mood, with weakness across major Asian markets adding to subdued sentiment. The benchmark KSE-100 Index initially climbed as much as 375 points to an intraday high of 187,829.72 during early…
CTD says it foils Karachi terror plot, arrests two suspected BLA members
Says suspects attempting to establish network to carry out attacks against security forces, key sites in city The Sindh Counter Terrorism Department arrest two men affiliated with the banned Balochistan Liberation Army (BLA). PHOTO: CTD KARACHI: The Sindh Counter Terrorism Department (CTD) said on Tuesday that it foiled a terrorist plot in Karachi after arresting…
Gold falls Rs2,400 as global rates retreat
KARACHI: Gold prices in Pakistan dropped on Monday, mirroring losses in the international market, where the precious metal retreated from two-week highs, pressured by a firmer US dollar, though limited declines reflected easing expectations of aggressive Federal Reserve rate hikes amid signs of a cooling US labour market. In the local market, the price of…
Turkish foreign minister says Ankara summit will help shape NATO’s future
Hakan Fidan says summit will address evolving security threats, defence cooperation, alliance adaptation Turkish Foreign Minister Hakan Fidan. PHOTO: Anadolu Agency Turkish Foreign Minister Hakan Fidan said on Tuesday that the NATO summit in Ankara will help shape the alliance’s future and adapt its structures to an increasingly complex security environment. Fidan, in a post…
PM Shehbaz orders improved loan access for SMEs, farmers to boost exports
Calls for assistance to SMEs in preparing feasibility studies, completing requirements needed to obtain financing Prime Minister Shehbaz Sharif chairs a meeting to review the performance of the Small and Medium Enterprises Development Authority (SMEDA). PHOTO: PMO Prime Minister Shehbaz Sharif on Tuesday directed officials to improve access to financing for small and medium-sized enterprises…
Oil prices gain as focus shifts to supply recovery and demand
Oil prices edged higher on Tuesday, though gains were capped as traders looked beyond easing geopolitical tensions in the Middle East and turned their attention to supply increases and demand prospects. Brent crude futures gained 38 cents, or 0.5%, to $72.37 a barrel, while US West Texas Intermediate crude rose 30 cents, or 0.4%, to $68.85…
8 killed, several missing after storms and landslides hit China
275 injured after severe weather batters three communities in Huanggang’s Huangzhou district At least eight people were killed and several remain missing after thunderstorms and landslides hit central and northwestern China, prompting emergency evacuations, state media reported Tuesday. All of the casualties were reported in Hubei province, where its eastern region was hit by thunderstorms…
NA panel concerned over nursing training
Noting that around Rs300,000 is being spent on each trainee from the public exchequer ISLAMABAD: The National Assembly Standing Committee on Education on Monday raised concerns over the transparency of a government-funded nursing training programme, questioned the financial and administrative crisis at the Federal Urdu University of Arts, Science and Technology (FUUAST), and reviewed the…
SECP urges industry to embrace corporatisation
SIALKOT: SECP Commissioner Muzaffar Ahmed Mirza has urged the business and industrial community to formalise their businesses through corporatisation to improve governance, enhance transparency and access new financing and growth opportunities. Speaking at the Sialkot Chamber of Commerce, Mirza said that the SECP was simplifying regulatory procedures, reducing compliance requirements and expanding digital services to…
Weather alert on monsoon rains issued
Says intermittent heavy rainfall between July 7-10 could trigger flash floods in hill torrents and seasonal streams ISLAMABAD: The National Disaster Management Authority (NDMA) and the meteorological authorities have issued nationwide weather alerts as an active monsoon system is set to bring widespread rain and thunderstorms to large parts of the country from Tuesday, raising…
