SBP reserves rise $33m to $17.26b

STABLE CURRENCY: Pakistani rupee closed at 277.90 on Thursday, up Rs0.01 from Wednesday’s close at 277.91, while the US dollar largely stabilised globally amid renewed US-Iran tensions. PHOTO: FILE KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves increased by $33 million during the week ended July 17, reaching $17,258.6 million, the central bank…

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Bangladesh’s President Shahabuddin, 76, resigns citing health concerns

Bangladesh’s President Mohammed Shahabuddin arrives to administer the oath‑taking ceremony of Tarique Rahman as the country’s prime minister at the South Plaza of the parliament building, in Dhaka, Bangladesh. Photo: Reuters Bangladesh President Mohammed Shahabuddin, a former ally of ousted Prime Minister Sheikh Hasina, has ​resigned citing serious health issues, his office said ‌on Friday. Shahabuddin,…

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Afghan soil must not be used against Pakistan: PM Shehbaz

Premier says only one province’s progress cannot be counted as the country’s progress Prime Minister Shehbaz Sharif addressing participants at the Balochistan National Workshop in Islamabad. SCREENGRAB Prime Minister Shehbaz Sharif on Friday said Pakistan continued to seek good relations with Afghanistan but urged the Afghan interim government not to allow its territory to be…

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Meta to train 1,000 SMEs in AI, digital business

Minister invites tech giant to engage with digital economy agenda, trade associations ISLAMABAD: Commerce Minister Jam Kamal Khan has welcomed Meta’s initiative to train 1,000 Pakistani small and medium-sized enterprises in digital business and artificial intelligence, while inviting the company to engage with Pakistan’s digital economy agenda, according to a statement on Thursday. The minister…

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Iran rapidly rebuilds missile sites, key infrastructure despite months of airstrikes: report

Satellite imagery points to swift reconstruction of underground missile bases, bridges, ports, production facilities An Iran-made missile and its launchers during a rally in Tehran in 2025. Photo: AFP/ File Iran is swiftly rebuilding war-damaged infrastructure, from underground missile bases and bridges to production facilities and ports, according to Israeli and Western officials and satellite…

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Aurangzeb reviews IMF programme progress

Finance minister thanked the Fund for recognising Pakistan’s programme ownership and reform progress Finance Minister Muhammad Aurangzeb speaks during a Reuters interview at the 2025 annual IMF/World Bank Spring Meetings in Washington, DC, US, April 25, 2025. Photo: Reuters/ File WASHINGTON: Finance Minister Muhammad Aurangzeb held a series of meetings with the senior management of…

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Over 43,000 evacuated as wildfires tear through France’s major tourist destination

Authorities order total evacuation of Cap Ferret peninsula as EU activates civil protection mechanism A firefighter works to extinguish flames during a wildfire in Lege-Cap-Ferret in the Gironde department amid worsening drought conditions following a heatwave and water shortages across much of France, July 23, 2026. PHOTO: REUTERS More than 43,000 residents and tourists have…

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Security forces kill four terrorists in Mastung IBO: state media

Security sources say four terrorists were killed in an intelligence-based operation in Balochistan’s Mastung district. PHOTO: SCREENGRAB Security forces killed four terrorists in an intelligence-based operation in Balochistan’s Mastung district, state-run Radio Pakistan reported on Friday. The operation comes a day after a district and sessions judge and his security guard were killed after unidentified…

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PSX continues to lose ground, sheds 1,264 points

KARACHI: The Pakistan Stock Exchange (PSX) extended its recent losses in morning trade on Friday, with the benchmark KSE-100 Index falling 1,264.14 points, or 0.74 percent, to 170,475.30 by the time the market was suspended for Friday prayers. The index opened on a weaker note and briefly touched an intra-day high of 171,208.55 before sliding…

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