PSX powers ahead with gains of 5,336 points
Oil price relief, external financing optimism fuel stock buying despite geopolitical fears KARACHI: Investor sentiment…
PSX powers ahead with gains of 5,336 points
Oil price relief, external financing optimism fuel stock buying despite geopolitical fears KARACHI: Investor sentiment continued to shift during the outgoing week at the Pakistan Stock Exchange (PSX), with easing oil prices, geopolitical developments and improving external financing prospects set market direction, while profit-taking and global uncertainty kept gains in check. Despite that, the benchmark…
FIFA condemns ‘concerted and ongoing effort’ to weaken Infantino
PARIS: FIFA on Saturday condemned “a concerted and ongoing effort by some to undermine” the world game’s governing body and its president Gianni Infantino as the controversy over his now shelved private investment plan rumbles on. Infantino has faced calls to resign and was also subject to allegations from a British newspaper on Friday that…
Arshad eyes comeback after Glasgow setback
Arshad Nadeem is set to return to training as he targets a strong comeback in his upcoming events. Photo: AFP/File KARACHI: Salman Butt, coach of Olympic champion Arshad Nadeem, is hopeful his pupil will bounce back from his disappointing performance at the Glasgow Commonwealth Games. “I hope he will stage a comeback,” Butt told The…
PTI to court opposition parties for long march
Pakistan Tehreek-e-Insaf (PTI) has decided to reach out to opposition parties ahead of its planned long march on Islamabad on September 27, while the party's senior leadership is also considering contacting the ruling coalition's Pakistan Peoples Party (PPP) as it seeks broader political support for its campaign. According to sources, a PTI delegation will begin…
Rs10b sanctioned for textile, export sectors
ISLAMABAD: The Ministry of Commerce has sanctioned Rs10 billion for the textile and apparel industry and other export sectors under the Duty Drawback and Technology Upgradation Schemes, aimed at improving industrial liquidity and supporting export growth, the ministry said on Saturday. Federal Minister for Commerce Jam Kamal Khan announced the development on X, expressing confidence…
Sabalenka ousted in Toronto by Alexandrova
Russia’s Ekaterina Alexandrova celebrates after upsetting world number one Aryna Sabalenka of Belarus in a fourth-round match at the WTA Toronto Masters. Photo: AFP TORONTO: World number one Aryna Sabalenka was eliminated by Russian 16th seed Ekaterina Alexandrova on Saturday in a fourth-round match at the WTA Toronto Masters tournament. Alexandrova defeated the four-time Grand…
Rabada embraces ‘fortress’ mentality ahead of South Africa’s 2027 World Cup
They will co-host the 14th edition of the tournament with Zimbabwe and Namibia next year Kagiso Rabada is relishing the chance to lead South Africa’s charge at their home World Cup in 2027. Photo: AFP/FILE South Africa fast bowler Kagiso Rabada says playing the 2027 Cricket World Cup on home soil will give the Proteas…
Minister back smaller units
He argued that while the 18th Amendment had transferred powers from the federal government to the provinces ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan has backed the creation of smaller provinces and new administrative units, stressing it was imperative to restructure governance in order to bring political and financial powers, resources and public services…
The $41.6b remittance divide
Foreign remittances to Pakistan have reduced by 6.9 per. PHOTO: REUTERS KARACHI: Sardar Liaquat Khan left his home nestled among the middle Himalayas near Banjosa Lake in Kashmir and his one-month-old bride to seek a better life. Three years later, he has not returned yet. His life is a quintessential story of the pain and…
Pakistan depart for Hockey World Cup
Record four-time champions return to the global showpiece after missing 2023 edition Pakistan’s national hockey team on Sunday flew out of Lahore for the Netherlands to feature in the FIH World Cup slated to be held in the Netherlands and Belgium from August 15-30. Pakistan Hockey Federation (PHF) said it had already transferred Rs20 million…
