PSX regains ground, ends up 1,767 points
KARACHI: Pakistan Stock Exchange (PSX) on Wednesday staged a modest rebound as investors returned to accumulate selective blue chips after the previous session’s sharp sell-off, with easing concerns over the Strait of Hormuz disruptions restoring confidence. In the morning, the market got off to a flying start, when the benchmark KSE-100 index surged more than […]
$6.7b oil facility sought from Saudi
Pakistan has sought a $6.7 billion concessional oil financing facility from Saudi Arabia for a period of 15 years, aimed at ensuring energy security amid heightened Middle East conflict that may keep global prices high and put additional stress on the country’s foreign exchange reserves. A spokeswoman of the Ministry of Economic Affairs confirmed to […]
Sugar mills seek export of 600,000 tonnes
ISLAMABAD: The Pakistan Sugar Mills Association (PSMA) has demanded immediate permission to export 600,000 metric tonnes of surplus sugar, according to a letter sent to the Federal Minister for National Food Security. The association has requested that permission for exporting the remaining 550,000 tonnes be granted at the start of the new crushing season, stating […]
Crypto czar asks Jamia Darul Uloom to distinguish between speculative crypto, asset-backed tokens – Pakistan
Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib has asked Jamia Darul Uloom to draw a distinction between speculative cryptocurrencies and asset-backed digital tokens, its chief said on Wednesday. The crypto czar told Reuters he had asked for the clarification after the seminary ruled last month that crypto-based purchases were not permissible under […]
Holders of invalid, expired NICOPs barred from boarding flights to Pakistan: official – Pakistan
ISLAMABAD: Pakistanis residing abroad who hold an invalid, expired or cancelled National Identity Card for Overseas Pakistanis (NICOP) will no longer be allowed to board flights to Pakistan, official sources said on Wednesday. According to official sources, the government has issued immediate directives to all zonal directors of the Federal Investigation Agency (FIA) to convey […]
DPM Dar to attend signing ceremony for China-led AI governance body in Shanghai: FO – Pakistan
Deputy Prime Minister and Foreign Minister Ishaq Dar will travel to Shanghai from July 16-17 to attend the signing ceremony of the World Artificial Intelligence Cooperation Organisation (WAICO), the Foreign Office (FO) said in a statement on Wednesday. According to the FO, Dar will travel with a delegation at the invitation of Chinese Foreign Minister […]
At least 5 injured, including police official, in attack on Bannu police station – Pakistan
BANNU: At least five people, including a police official, were injured on Wednesday after terrorists attacked a police station in Khyber Pakhtunkhwa’s Bannu district, triggering heavy retaliatory fire from security personnel. Bannu District Police Officer Captain (retd) Muhammad Furqan Bilal confirmed the incident, while the administration of the local hospital confirmed the casualties. According to […]
At least 4 injured, including police official, in attack on Bannu police station – Pakistan
BANNU: At least four people, including a police official, were injured on Wednesday after terrorists attacked a police station in Khyber Pakhtunkhwa’s Bannu district, triggering a heavy exchange of fire with security personnel. Bannu District Police Officer Captain (retd) Muhammad Furqan Bilal confirmed the incident, while the administration of the local hospital confirmed the casualties. […]
Italian Supreme Court upholds murder convictions of family members of Pakistani girl killed for refusing arranged marriage – World
The Italian Supreme Court on Wednesday delivered its final verdict in the case of a young woman killed five years ago for refusing an arranged marriage, making final the murder convictions of five of her relatives, Italy’s leading news agency ANSA reported. Saman Abbas, an 18-year-old girl of Pakistani origin living in Italy, was murdered […]
Bodies of four officials recovered in Quetta
QUETTA: The bodies of four men, including missing security personnel and an abducted police constable, were recovered from the Shaban area of Quetta on Wednesday, prompting authorities to launch an investigation into the circumstances surrounding their deaths. According to sources, the deceased have been identified as Airport Security Force (ASF) Inspector Zubair Ahmed Shahwani, former […]