Railway revenue rises 20% to Rs115b
LAHORE: Pakistan Railways posted a 20% increase in earnings during fiscal year 2025-26, with total…
Railway revenue rises 20% to Rs115b
LAHORE: Pakistan Railways posted a 20% increase in earnings during fiscal year 2025-26, with total revenue rising to Rs115 billion from Rs96 billion a year earlier, as the government eyes an even bigger role for freight operations to improve the financial health of the state-run entity. Addressing a press briefing on Monday, Railways Minister Muhammad…
US president urges Congress to approve $350b defence package
US President Donald Trump. Photo: AFP/File US President Donald Trump called on Congress to make passage of a $350-billion defence package its top priority when lawmakers return to session, saying the measure is essential to maintaining US military strength. In a post on Truth Social on Tuesday, Trump said the US military “has never been…
PM directs embassies to boost overseas jobs
Shehbaz says govt providing education and skills training in line with int’l standards Candidate for the position of United Nations Secretary-General María Fernanda Espinosa shakes hands with Prime Minister Shehbaz Sharif in Islamabad. PHOTO: EXPRESS ISLAMABAD: Prime Minister Shehbaz Sharif on Monday directed Pakistani embassies abroad to step up efforts to identify and secure employment…
Govt debt rises to Rs82tr
According to the SBP’s debt bulletin, overall Rs5.9 trillion was added to the debt stock during the June-May period, at an average of Rs16 billion per day. photo:file ISLAMABAD: The federal government’s debt rose to Rs82 trillion by end of May, registering an annual increase higher than the average inflation rate, as Pakistan’s top audit…
PSX slips into red as investors book profits
KARACHI: The Pakistan Stock Exchange (PSX) traded on a volatile note on Tuesday, surrendering early gains as investors resorted to profit-taking amid a cautious regional mood, with weakness across major Asian markets adding to subdued sentiment. The benchmark KSE-100 Index initially climbed as much as 375 points to an intraday high of 187,829.72 during early…
CTD says it foils Karachi terror plot, arrests two suspected BLA members
Says suspects attempting to establish network to carry out attacks against security forces, key sites in city The Sindh Counter Terrorism Department arrest two men affiliated with the banned Balochistan Liberation Army (BLA). PHOTO: CTD KARACHI: The Sindh Counter Terrorism Department (CTD) said on Tuesday that it foiled a terrorist plot in Karachi after arresting…
Gold falls Rs2,400 as global rates retreat
KARACHI: Gold prices in Pakistan dropped on Monday, mirroring losses in the international market, where the precious metal retreated from two-week highs, pressured by a firmer US dollar, though limited declines reflected easing expectations of aggressive Federal Reserve rate hikes amid signs of a cooling US labour market. In the local market, the price of…
Turkish foreign minister says Ankara summit will help shape NATO’s future
Hakan Fidan says summit will address evolving security threats, defence cooperation, alliance adaptation Turkish Foreign Minister Hakan Fidan. PHOTO: Anadolu Agency Turkish Foreign Minister Hakan Fidan said on Tuesday that the NATO summit in Ankara will help shape the alliance’s future and adapt its structures to an increasingly complex security environment. Fidan, in a post…
PM Shehbaz orders improved loan access for SMEs, farmers to boost exports
Calls for assistance to SMEs in preparing feasibility studies, completing requirements needed to obtain financing Prime Minister Shehbaz Sharif chairs a meeting to review the performance of the Small and Medium Enterprises Development Authority (SMEDA). PHOTO: PMO Prime Minister Shehbaz Sharif on Tuesday directed officials to improve access to financing for small and medium-sized enterprises…
Oil prices gain as focus shifts to supply recovery and demand
Oil prices edged higher on Tuesday, though gains were capped as traders looked beyond easing geopolitical tensions in the Middle East and turned their attention to supply increases and demand prospects. Brent crude futures gained 38 cents, or 0.5%, to $72.37 a barrel, while US West Texas Intermediate crude rose 30 cents, or 0.4%, to $68.85…
