Shares at PSX shed nearly 3,800 points on SBP projections – Business
Bears continued to dominate the trade floor on Wednesday at the Pakistan Stock Exchange (PSX) as shares declined by nearly 3,800 points, two days after the State Bank of Pakistan (SBP) cautiously eased the interest rate to 13 per cent. The benchmark KSE-100 index declined by 3,835.48 points, or 3.34pc, to stand at 111,025.20 points […]
US Fed expected to combine interest rate cut with hawkish 2025 outlook – Business
The US Federal Reserve is expected to lower borrowing costs on Wednesday in what some observers are calling a “hawkish cut” set to be delivered alongside policymakers’ updated interest rate outlooks and economic forecasts covering the first months of the incoming Trump administration. The anticipated quarter-percentage-point move would lower the US central bank’s benchmark policy […]
Iran executes man for attacks on dozens of women – World
Iranian authorities executed on Wednesday a man convicted of “corruption of earth” for attacking dozens of women on the capital’s streets, the judiciary said. Rastgooei Kandolaj has attacked at least 59 women using an awl, causing injuries and sowing “terror in Tehran”, the judiciary’s Mizen Online news website said. Multiple women had reported that the […]
‘Office open 24 hours’: NA speaker says ready to play role in govt, PTI talks – Pakistan
National Assembly Speaker Sardar Ayaz Sadiq said on Wednesday he was “ready to play his role” in facilitating talks between the government and the opposition — mainly the PTI — with his “office and residence open 24 hours”. Sadiq’s statement comes a day after senior PML-N leader Rana Sanaullah said in the lower house of […]
Mohsin Naqvi lauds Saudi higher education, discusses collaboration during Riyadh visit – Pakistan
Interior Minister Mohsin Naqvi on Wednesday visited a college in Riyadh where he praised advancements in higher education and discussed collaboration in the field, while also meeting officials at the Saudi directorate of passports to review facilities, Radio Pakistan reported. Pakistan and Saudi Arabia have recently strengthened bilateral cooperation by signing more than 30 memorandums […]
Shares at PSX continue downward trajectory on SBP projections – Business
Bears continued to dominate the trade floor on Wednesday at the Pakistan Stock Exchange (PSX) as shares declined by 1,400 points in intraday trade, two days after the State Bank of Pakistan (SBP) cautiously eased the interest rate to 13 per cent. The benchmark KSE-100 index declined by 1,493.90 points, or 1.3pc, to stand at […]
Mahnoor Ali, Harmas Raja clinch U13, U11 titles at US Junior Squash Open – Sport
Pakistan’s Mahnoor Ali was crowned the Under-13 champion at the US Junior Squash Open while compatriot Muhammad Harmas Ali Raja took home the U11 title at the Arlen Specter US Squash Center in Philadelphia on Tuesday night. Ali beat Egypt’s Linda Elsayed 11-8, 12-10 before taking a setback in third set with a 5-11 loss. […]
As bitcoin soars, luxury brands consider accepting crypto payments – World
Bitcoins soaring value has caught the attention of high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap in to fresh pockets of wealth and build loyalty with crypto investors. Until recently, only a handful of luxury brands including LVMH watch labels Hublot and Tag Heuer as […]
Imran warns of remittance halt if demands not met – Pakistan
• PTI demands prisoner release, May 9 judicial inquiry before talks• Aleema says Imran wants to wait a few more days before taking any action ISLAMABAD: Pakistan Tehreek-i-Insaf (PTI) founder Imran Khan has warned that he would ask overseas Pakistanis to halt remittances if the government fails to meet his demands, including the release of […]
UNSC told smooth end to sanctions on Syria key to address ‘immense needs’ – World
UNITED NATIONS: Concrete movement on an inclusive political transition in Syria will be key in ensuring the country gets the economic support it needs, United Nations special envoy for Syria Geir Pedersen told the Security Council on Tuesday. “There is a clear international willingness to engage. The needs are immense and could only be addressed […]