PSX slips 721 points over mounting ME tensions

Index comes under pressure on soaring oil prices; refineries emerge as key outperformers KARACHI/JOHI: Pakistan Stock Exchange (PSX) lost around 720 points on Monday as investor selling kept the benchmark KSE-100 index under pressure in the face of escalating geopolitical tensions, rising international oil prices and cautious sentiment. Stock offloading was observed in key sectors,…

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FBR achieves Rs1.71tr tax target

FBR received Rs719 billion worth of sales tax, exceeding the target by Rs85 billion. PHOTO:FILE ISLAMABAD: Amid slowing growth in tax collection, the Federal Board of Revenue (FBR) met its first two months’ target of Rs1.71 trillion on the back of higher sales tax receipts that exceeded the threshold, underscoring the challenges being faced in…

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Pakistani climber Asma Mushtaq’s body reportedly located ‘beyond Camp-III’ on Spantik peak: Atta Tarar

Says team is assessing site conditions, finalising arrangements for safe recovery, controlled evacuation to Base Camp Dr Asma Mushtaq. PHOTO: THE ALPINE CLUB OF PAKISTAN/ INSTAGRAM Federal Minister for Information and Broadcasting Attaullah Tarar said on Monday that a search and rescue team had reportedly located the body of Pakistani climber Dr Asma Mushtaq beyond…

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A choice to not care

. The author is a Professor and the Director of Center on Forced Displacement at Boston University The horror of the PIMS tragedy last week has stayed in the news for about a week – as expected – and has already started to fade in the background. Soon, in a manner not unfamiliar to us,…

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Punjab PA passes controversial anti-terror law

LAHORE: The provincial assembly of Punjab on Monday passed the Punjab Anti-Terrorism (Amendment) Bill, 2026 amid protests and a walkout by opposition lawmakers. During the session, Punjab Assembly Speaker Malik Muhammad Ahmad Khan and Opposition Leader Moin Riaz Qureshi held a heated debate over the new legislation’s legal and constitutional implications. Addressing the house, the…

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Hotel shortage hits Asian Games cricket

COLOMBO: The Asian Cricket Council has heard concerns over a lack of five-star hotel accommodation for players at the upcoming Asian Games in Japan, a Sri Lankan official said Monday. The men’s and women’s T20 cricket will be played at Japan’s newly built cricket ground in Nisshin starting September 17. But reports of tents serving…

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NA Standing Committee demands grassroots football drive

ISLAMABAD: National Assembly Standing Committee on Inter-Provincial Coordination (IPC) has called for a stronger grassroots football programme and better coordination between the Pakistan Football Federation (PFF) and provincial sports authorities, saying the country’s young talent must be identified and developed at the local level. The committee, chaired by Sheikh Aftab Ahmed, also directed PFF President Mohsin…

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IHC seeks responses from PTA, PEMRA and ministries over regulating children’s social media use

Petition calls for age verification and stronger safeguards to protect children under-16 from online harm Social media companies face growing scrutiny around the world over concerns that their platforms are contributing to a mental health crisis among children. PHOTO: PEXELS ISLAMABAD: The Islamabad High Court (IHC) on Monday issued notices to several ministries and regulatory…

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