KSE-100 index surges 2,333 points as budget, $3.6b loan boost sentiment KARACHI: Pakistan Stock Exchange (PSX) closed at another all-time high on Friday, with the benchmark KSE-100 index surging over 2,300 points, or 1.91%, and closing just shy of 124,400, marking a weekly gain of 3.6%. The rally was fueled by aggressive institutional buying ahead…
Conducts OMOs to ease liquidity crunch, gold drops Rs5,000/tola as demand falls KARACHI: The State Bank of Pakistan (SBP) injected Rs12.38 trillion into the financial system through two separate Open Market Operations (OMOs) on June 27, 2025, to manage the liquidity vacuum caused by Eid-related cash demand and fiscal needs of the government constrained by…
Cumulative losses of state firms increased to record Rs5.9tr by Dec 2024 ISLAMABAD: In a rare statement, a cabinet body on Friday admitted that poor governance concerns persisted with low transparency in government-owned companies while their cumulative losses increased further to a record Rs5.9 trillion by December last year. The statement issued by the Ministry…
EPBD says Rs7.2tr in guaranteed returns to banks must be redirected to industry, urges 6% policy rate ISLAMABAD: An independent think tank has urged the government to choose between subsidising already-profitable banks or diverting limited fiscal resources toward productive sectors by ending the policy of banks guaranteed returns on government borrowing. The Economic Policy and…
EPBD says Rs7.2tr in guaranteed returns to banks must be redirected to industry, urges 6% policy rate Listen to article ISLAMABAD: An independent think tank has urged the government to choose between subsidising already-profitable banks or diverting limited fiscal resources toward productive sectors by ending the policy of banks guaranteed returns on government borrowing. The Economic Policy and…
Women’s World Cup draw boosts ACC hopes KARACHI: India’s participation in the upcoming Asia Cup remains unresolved but the inclusion of both India and Pakistan in the same group for the Women’s World Cup has raised hopes within the Asian Cricket Council (ACC). Although the Asia Cup is scheduled for this year, tensions between Pakistan…
Real Madrid will lock horns with Juventus in last Lionel Messi will come up against his old club Paris Saint-Germain with Inter Miami in the last 16. PHOTO: AFP PHILADELPHIA: From Inter Miami’s Lionel Messi facing former side Paris Saint-Germain to Real Madrid meeting Juventus and Chelsea taking on Benfica, here is a looks ahead…
The French Open winner will play Fognini, Sinner will likely face Djokovic in draws revealed Carlos Alcaraz is gunning for a third straight Wimbledon crown. PHOTO: AFP LONDON: Carlos Alcaraz will start his Wimbledon defence against Fabio Fognini while world number one Jannik Sinner faces a potential semi-final clash against Novak Djokovic following Friday’s draw….
National team thrashed Saudi Arabia 71-15 in opener A view of the Pakistan versus Saudi Arabia netball clash at the Asian Youth Girls Netball Championship 2025 in Jeoju, South Korea on Friday. PHOTO: PNF Pakistan got off to a flying start at the Asian Youth Girls Netball Championship 2025, thrashing Saudi Arabia 71-15 in their…
The statement noted that the Supreme Court had previously ruled in PTI’s favour ISLAMABAD: The PTI has strongly condemned the Supreme Court’s verdict in the reserved seats case, calling it a violation of constitutional and democratic principles. In a statement released by PTI’s Central Media Department on Friday, Imran Khan’s party described the verdict as…
