Islamabad says recourse to dialogue, diplomacy only pathway to resolve crises in region Pakistan on Sunday condemned the US attacks on Iranian nuclear facilities, which follow the series of attacks by Israel. “We are gravely concerned at the possible further escalation of tensions in the region,” the Ministry of Foreign Affairs (MOFA) spokesperson said in…
IRGC Navy says passage to be blocked within hours; global energy markets on edge In a sharp escalation following recent US airstrikes on its nuclear facilities, Iran on Monday threatened to close the Strait of Hormuz — a vital waterway for global oil and gas shipments — a move that could trigger a major spike…
Pakistan’s Sufyan Khan named tournament’s Young Player of the Year New Zealand clinched the FIH Nations Cup title after a dominant 6-2 victory over Pakistan in the final held at the National Hockey Stadium in Kuala Lumpur on Saturday, shattering Pakistan’s hopes of qualifying for the prestigious FIH Hockey Pro League. The match began with…
Investor sentiment remains fragile as fears of regional instability continue to grow Pakistan Stock Exchange (PSX) witnessed a sharp downturn on Monday as rising fears over the escalating Iran-US-Israel conflict rattled investors. The market closed with a significant loss, falling by 3.21 percent. During intraday trading, the PSX saw a steep decline of over 4,000…
Fears grow over Strait of Hormuz disruption; Iran vows ‘everlasting consequences’ Oil prices surged and global equity markets faltered on Monday after the United States launched strikes against Iran’s nuclear facilities over the weekend, stoking fears of a wider conflict in the Middle East and disruption to global energy supplies. Brent crude rose as much…
Saudi Arabia continues to be largest source of remittances for Pakistan The exchange rate of the Saudi Riyal (SAR) against the Pakistani Rupee (PKR) remained unchanged in the open market on Monday, with the currency being bought at Rs75.59 and sold at Rs76.14. The stability in rates comes amid sustained demand for the Saudi currency,…
Decline comes in wake of renewed regional instability after US launched airstrikes on Iranian nuclear facilities The Pakistan Stock Exchange (PSX) began the week in the red, with the benchmark KSE-100 Index shedding 1,991.52 points, or 1.66 per cent, at the opening bell on Monday amid growing geopolitical uncertainty. The index opened at 118,031.71, continuing…
Minister of State assured that petroleum reserves are currently adequate National Assembly’s Standing Committee on Finance has approved the government’s decision to impose an additional Rs36 billion in new taxes under the proposed finance bill. The decision came after extensive discussions with the government’s economic team, despite opposition from some committee members. The economic team…
Defending champion will now face India’s Pushpender Singh in next round Defending champion Awais Munir made a strong start to his campaign at the Asian 6-Red Snooker Championship, securing two victories on the opening day, including a maximum break of 75, to advance to the pre-quarterfinals. Munir, who won two of his three group matches,…
PFF sources say discussions in Miami are expected to lead to finalising international friendlies for Pakistan’s women’s team KARACHI: Pakistan Football Federation (PFF) President Mohsen Gilani met with top Fifa women’s football officials to discuss opportunities for the development of the national women’s team and the expansion of competitive fixtures. The meetings, held in Miami,…
