KARACHI: Pakistan Stock Exchange (PSX) remained range bound in the outgoing week as investors awaited the International Monetary Fund (IMF) board’s approval of $7 billion Extended Fund Facility (EFF) and due to worries over potential foreign fund outflows due to the upcoming FTSE rebalancing. However, the KSE-100 index recorded thin gains of around 400 points … Read more
KARACHI: Pakistan Stock Exchange (PSX) experienced a lacklustre week, marked by limited activity and thin losses of around 300 points due to worries over Pakistan’s exclusion from the International Monetary Fund (IMF) executive board meeting agenda for August. The market also remained subdued because of rollover of investor positions at month end and security concerns. … Read more
TEHRAN: Iran’s production of highly enriched uranium continues and it has not improved cooperation with the UN nuclear watchdog despite a resolution demanding this at the agency’s last board meeting, watchdog reports seen by Reuters showed on Thursday. Despite the resolution passed at the last quarterly meeting of the International Atomic Energy Agency’s 35-nation Board … Read more
BANGKOK: A surprise improvement in air quality in South Asia in 2022 drove a decline in global pollution, with favourable weather a likely factor, a new report said Wednesday. But the region continues to breathe the world’s most-polluted air, with its residents losing more than 3.5 years of life expectancy on average, the annual Air … Read more
Rescuers work at the scene of a bus accident at Yazd province, Iran, in this still image taken from a video, August 21, 2024. — Reuters Special flight brings bodies of deceased home on premier’s orders. Aircraft carrying deceased Pakistanis touches down in Jacobabad. Sources say some injured also returned to country with deceased. The mortal … Read more
Dawood University of Engineering and Technology Vice-Chancellor Dr Samreen Hussain. — DUET website KARACHI: Dawood University of Engineering and Technology Vice Chancellor Dr Samreen Hussain remained unhurt after unidentified assailants opened fire on her car in Karachi’s Orangi Town on Tuesday. The vice chancellor, who is the spouse of Pakistan Peoples Party (PPP) leader Dr Asim … Read more
British Prime Minister Keir Starmer looks on at the Metropolitan Police Command and Control Special Operations Room at Lambeth Police Headquarters in London, Britain August 9, 2024. — Reuters LONDON: The UK government welcomed Monday the “de-escalation” of disorder and rioting in English…
Demonstrators clash with police officers during an anti-immigration protest, in Rotherham, Britain, August 4, 2024. — Reuters British police remained on alert on Thursday after a heavy security presence, rapid arrests and displays of unity by people across Britain on Wednesday prevented a repeat of widespread rioting involving racist attacks targeting Muslims and migrants. After … Read more
KARACHI: Pakistan Stock Exchange (PSX) experienced volatility in the outgoing week as it oscillated between red and green zones and closed with thin gains of nearly 200 points. The market’s movement was largely influenced by mixed investor sentiment over the growing political uncertainty, policy rate cut, rating decisions of global agencies and improved economic data. … Read more
International Monetary Fund logo is seen inside the headquarters at the end of the IMF/World Bank annual meetings in Washington, US, October 9, 2016. —Reuters PPP regime borrowed $7.72bn from IMF in its 2008-2013 tenure. Nawas Sharif-led PML-N govt inked $6.48bn loan deals with IMF. PTI admin signed accords for $6 billion with lender of last resort. The … Read more