SpaceX selloff an ominous sign as lockup expiry looms
Bullish analysts, investors say SpaceX warrants a high premium because of its profitable Starlink internet…
SpaceX selloff an ominous sign as lockup expiry looms
Bullish analysts, investors say SpaceX warrants a high premium because of its profitable Starlink internet service The dip in SpaceX’s shares below its blockbuster IPO price of $135 a share is an ominous sign for Elon Musk’s internet and rocket company as it faces more potential volatility in early August, when the number of shares available for…
FO urges restraint as US-Iran tensions continue, says diplomacy remains only path to peace
Responding to child sexual abuse case, says case was entirely a matter for the British authorities Foreign Office spokesperson Tahir Hussain Andrabi speaking at the FO weekly press briefing. SCREENGRAB Pakistan on Thursday renewed its call for restraint amid continuing tensions involving the United States and Iran, warning that further escalation would undermine regional stability…
SME clusters key to driving exports
Malik urges stronger institutional support, easier financing to unlock growth potential LAHORE: Small and medium enterprises (SMEs) need stronger institutional support, easier access to finance and technology-driven business clusters if they are to play a bigger role in exports, industrial growth and job creation, former SAARC Chamber of Commerce and Industry President Iftikhar Ali Malik…
Argentina World Cup semi-final hero Martinez ‘dreamt’ of scoring winner
Argentina’s World Cup semi-final match-winner Lautaro Martinez said he had “dreamt” of scoring the goal which took his team through to the final at England’s expense on Wednesday. “I dreamt it. I told Alexis (Mac Allister) that I was going to score,” Martinez said after his heroics off the bench in Atlanta as the reigning…
PSX surges over 2,800 points in midday trading
KARACHI: The Pakistan Stock Exchange (PSX) witnessed strong buying interest on Thursday, with the benchmark KSE-100 Index climbing over 2,800 points in midday trade, reflecting renewed investor confidence following Wednesday’s recovery. As of midday, the KSE-100 Index stood at 178,124.14, up 2,838.36 points or 1.62 percent from the previous close of 175,285.78. The index touched…
NA panel approves PPP authority bill
ISLAMABAD: The National Assembly Standing Committee on Privatisation on Wednesday approved the Public-Private Partnership Authority (Amendment) Bill, 2026, while reviewing the progress of Pakistan International Airlines’ (PIA) privatisation and discussing tax incentives for the aviation sector. The meeting, chaired by Dr Farooq Sattar, resumed after a gap caused by the government’s austerity campaign. During the…
NTC decision in soda ash case draws criticism
ISLAMABAD: The National Tariff Commission’s (NTC) final determination in the soda ash dumping investigation has triggered criticism from the downstream industrial consumers and trade stakeholders, who describe the injury determination as legally flawed, economically unsustainable and contrary to the commission’s established practice. The respondents, including the Soap Manufacturers Association, chemical manufacturers, International Silicate and the…
US launches multiple strikes on Iran, which retaliates against US targets in region
US completes ‘wave of strikes’ on Iran as Tehran retaliates with attacks on military bases in Bahrain, Jordan, Kuwait Spokesperson for the Islamic Republic of Iran Army Brigadier General Mohammad Akaminia. PHOTO: IRNA on X Spokesperson for the Iranian army Brigadier General Mohammad Akaminia stressed over Iran’s strategy in controlling the Strait of Hormuz, and…
Dar heads to Shanghai to formalise Pakistan’s founding role in AI organisation
FO says Dar will engage with leaders to advance international AI cooperation, promote equitable AI governance Deputy Prime Minister and Foreign Minister Ishaq Dar departs for Shanghai on a two-day visit to attend the 2026 World Artificial Intelligence Conference. PHOTO: FO Deputy Prime Minister and Foreign Minister Ishaq Dar on Thursday departed for Shanghai on…
Pakistan pitches China, UK for investment
ISLAMABAD: Pakistan’s Ambassador to China Khalil Hashmi called on Finance Minister Muhammad Aurangzeb to discuss economic cooperation and investment promotion, according to a statement on Wednesday. Hashmi informed the minister that Memoranda of Understanding (MoUs) valued at over $20 billion had been signed between Pakistani and Chinese entities, with many progressing into formal agreements. He…
