PSX rebounds almost 1,000 points

Karachi stocks. PHOTO: FILE KARACHI: The Pakistan Stock Exchange (PSX) rebounded on Friday, gaining over 980 points, as easing geopolitical tensions between the US and Iran lifted investor sentiment and reduced oil price concerns. The benchmark KSE-100 index rallied as much as 2,218 points intra-day before profit-taking trimmed some of the gains. Trading activity remained…

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France roar back to overwhelm Australia 42-26

France’s Aaron Grandidier-Nkanang scores a try against Australia in Brisbane. Photo: AFP BRISBANE: France came back from a nine-point half-time deficit to beat Australia 42-26 in a pulsating Nations Championship clash in Brisbane on Saturday. After losing by two points against New Zealand last week, the French roared back with four second-half tries to notch…

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Jordan humbled to break try record

WELLINGTON: Will Jordan scored a hat-trick but found it “hugely humbling” to become New Zealand’s record try-scorer as Italy were overwhelmed 47-17 in a fast-paced Nations Championship Test on Saturday. The All Blacks shook off an unconvincing start to score seven tries and make it two bonus-point wins from two in the inaugural 12-nation competition…

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Officials’ absence delays tariff decision

ISLAMABAD: The country’s economic managers expressed dismay over the absence of top officials of the Petroleum Division in a recent meeting and they refused to approve the tariff for indigenous gas supplied to liquefied natural gas (LNG)-based power plants amid the US-Iran war. A member of the Economic Coordination Committee (ECC) told The Express Tribune…

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Breather in weekly SPI, YoY pace persists

WoW index eases 0.45% as tomato, LPG, fuel prices drop; yearly inflation stands at 11.94% KARACHI: Pakistani households received some respite this week as the Sensitive Price Indicator (SPI) registered a notable decline of 0.45% for the week ended July 9, 2026, but the year-on-year reading remained in stubborn double digits. The decline offered partial…

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Pakistan’s ambassador to US gifts ‘Trionda’ football to World Bank president

Pakistan-made World Cup ball underscores country’s global sports manufacturing prowess Pakistan envoy to US presenting Trionda football to World Bank president. Photo: X Pakistan’s envoy to the United States, Rizwan Saeed Sheikh, on Saturday presented the “Trionda” football to World Bank (WB) President Ajay Banga during a meeting highlighting the country’s globally recognised sports goods…

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Pentagon releases new videos of UFOs

Latest release contains 40 files, including 14 documents, 19 videos, 4 audio recordings, and 3 images Imagery likely derived from an infrared sensor aboard a US military platform operating within the United States Central Command area of responsibility in 2022. A user uploaded this video to a classified network in June 2024. PHOTO: US Department…

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ADB to advise on airport outsourcing

Airport to be outsourced to private operator under long-term concession framework The ADB listed Pakistan among 60 nations that may face 10% to 12.5% additional US tariffs from July 24. It said recent policy developments indicate US trade restrictions are likely to remain broad despite the Supreme Court’s invalidation. photo:REUTERS ISLAMABAD: The Privatisation Commission Board…

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FM Dar calls for improved port connectivity to maximise Pakistan’s economic benefits

DPM Dar leads high-level review of port connectivity, trade facilitation. Photo: X Deputy Prime Minister and Foreign Minister Ishaq Dar on Saturday emphasised the need to improve port connectivity to maximise the benefits of Pakistan’s strategic geographical location. According to the Ministry of Foreign Affairs (MOFA), FM Dar chaired a high-level meeting on improving port connectivity,…

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