Recent Posts

PSX sheds 80 points on return from Eid break

KARACHI: The Pakistan Stock Exchange (PSX) snapped the winning streak on Friday after posting gains for five consecutive sessions, succumbing to selling pressure and closing down by 80 points as investors resorted to profit-booking on poor economic data. The approaching rollover week and the monetary policy announcement scheduled for July …

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China’s Xi urges people in Tibet to ‘follow the party’

BEIJING: China’s President Xi Jinping made his first visit to the Tibet Autonomous Region as national leader this week, and urged people there to “follow the party”, the official Xinhua news agency said on Friday. Xi’s July 21-22 visit – the first to Tibet by a Chinese leader in three …

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Oil slips but set to end week steady on tight supply

LONDON: Oil edged further below $74 a barrel on Friday but was on track to end the week little changed after a surprising recovery from Monday’s slide, underpinned by expectations that supply will remain tight as demand recovers. The price of oil and other riskier assets tumbled at the start …

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PM Imran rubbishes allegations of making AJK a province

Prime Minister Imran Khan rejected on Friday the opposition parties’ allegations that his government was mulling to make Azad Jammu and Kashmir (AJK) a province of Pakistan. While addressing a public gathering in AJK’s Tarar Khal area, the premier said as per United Nations resolutions only Kashmiri people can decide …

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SBP reserves rise $845m to $18.1b

KARACHI: The foreign exchange reserves held by the central bank rose 4.9% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Friday. On July 16, the foreign currency reserves held by the SBP, after accounting for external debt repayments, were recorded at $18,050.7 …

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Pegasus spy claims probed as Macron switches phone

PARIS: Hungary, Israel and Algeria on Thursday probed allegations that Israeli-made spyware was used on journalists, rights activists and 14 heads of state, as French leader Emmanuel Macron ordered tighter security and changed his phone over espionage concerns. President Macron — whose name was on a list of alleged targets …

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