PSX up 2,838 points on renewed risk appetite
KARACHI: Pakistan Stock Exchange (PSX) on Thursday surged almost 2,840 points as renewed risk appetite…
PSX up 2,838 points on renewed risk appetite
KARACHI: Pakistan Stock Exchange (PSX) on Thursday surged almost 2,840 points as renewed risk appetite drove investor interest in making fresh bets. Building on the previous session’s rebound, the investors aggressively bought blue-chip stocks amid media reports suggesting a possible resumption of dialogue between the US and Iran, which helped ease geopolitical concerns. On the…
Rubio expected to discuss Trump-Xi summit in Asia meetings
US and China have not confirmed a top diplomat meeting at the forum, though it is widely expected US Secretary of State Marco Rubio speaks with members of the media before departing for Bahrain International Airport after his visit to the Middle East to discuss the interim deal between the US and Iran with Arab…
PM directs faster implementation of ease-of-doing-business reforms
Officials say 71 policy measures already implemented, work on a further 272 measures progressing rapidly Prime Minister Shehbaz Sharif chairs a review meeting on implementation of the Easy Business Act 2025. PHOTO: PMO Prime Minister Shehbaz Sharif on Friday directed authorities to accelerate the implementation of measures aimed at improving the ease of doing business,…
$3b Saudi rollover ‘all good’: FinMin
EASING PAYMENT OBLIGATIONS: Sources said Pakistan was working on multiple options to extend the longevity of its short-term external debt and also stagger the upcoming payments of energy debt being obtained by Chinese firms to set up power plants under CPEC. PHOTO:FILE ISLAMABAD: Finance Minister Muhammad Aurangzeb said on Thursday that it was “all good”…
PSX falls 2,320 points as geopolitical jitters weigh
KSE-100 closes at 175,802 points amid US-Iran tensions, which trigger risk aversion KARACHI: The KSE-100 index closed at 175,802 points on Friday, down 2,320 points, as investors adopted a risk-averse stance amid escalating United States-Iran geopolitical tensions and ahead of the upcoming corporate earnings season. The benchmark index closed at 175,802 points, down 2,320 points…
Monsoon death toll rises to 38 as house collapses remain leading cause: NDMA
Authority says 38 have died and 120 were injured since June 26 as monsoon rains battered Pakistan Heavy rains have caused flooding on the Zhob-Dera National Highway, resulting in the road being closed PHOTO: EXPRESS At least 38 people have been killed and 120 injured since the onset of the monsoon season on June 26,…
Uber in $15b deal for Delivery Hero
Acquisition advances the US ride-hailing firm’s efforts to build a global food-delivery business BERLIN: Uber agreed on Thursday to buy Germany’s Delivery Hero at an equity value of $14.8 billion to create the largest food-delivery group outside China and stave off intensifying competition from US and European rivals. The acquisition advances the US ride-hailing firm’s…
All-rounder Mohammad Nawaz sanctioned after cannabis-related positive test
Nawaz admits anti-doping code violation, ICC says substance used outside competition Cricket – ICC Men’s T20 World Cup 2026 – Group A – India v Pakistan – R. Premadasa International Cricket Stadium, Colombo, Sri Lanka. Photo: Reuters Mohammad Nawaz has been sanctioned by the International Cricket Council (ICC) after testing positive for a cannabis-related substance,…
UK’s Andy Burnham confirmed as new Labour Party leader
He pays tribute to Keir Starmer, the man he will replace as British prime minister on Monday Andy Burnham, British member of parliament (MP) for Makerfield, delivers a speech at the People’s History Museum in Manchester, Britain. Photo: Reuters Andy Burnham, nicknamed the ‘King of the North’, was elected leader of Britain’s governing Labour Party…
IHC to hear Imaan Mazari, Hadi Ali Chattha sentence suspension pleas on July 24
Supreme Court has also scheduled the hearing on sentence suspension applications for on 21 July Lawyer and rights activist Imaan Mazari and her husband, advocate Hadi Ali Chattha. PHOTO: EXPRESS ISLAMABAD: The Islamabad High Court (IHC) on Friday fixed July 24 for hearing applications seeking the suspension of sentences awarded to lawyer Imaan Mazari and…
