Saudi visit, IMF talks take PSX to new record
KARACHI: Pakistan Stock Exchange (PSX) on Monday managed to rise further to new record highs in an earnings season rally backed by gains in oil and banking stocks, despite volatile trading and concerns over escalating geopolitical tensions. In the morning, when trading resumed after Eid holidays, the market got off to a lacklustre start, with […]
Faizabad commission gives clean chit to Faiz Hameed, agencies
ISLAMABAD: The Faizabad sit-in commission has given a clean chit to the country’s spy agencies as well as former spymaster Lt Gen (retd) Faiz Hameed, observing that former high-ups of provincial and federal governments did not accuse the agencies or any other officials for extending facilitation to Tehreek-e-Labbaik Pakistan (TLP) protestors, it emerged on Tuesday. The […]
Hundreds of houses, plots flooded in Russia’s Kurgan region
Water levels in rivers in swathes of Russia’s Ural and southwestern Siberian regions continued to rise rapidly, officials said on Tuesday, flooding hundreds of houses, cutting off power and forcing urgent evacuations of residents. More than 300 houses and nearly 700 residential plots have been flooded in Russia’s Kurgan region straddling the Tobol River near […]
Palmer scores four as Chelsea hit Everton for six
LONDON: Cole Palmer scored four goals to put Chelsea within touching distance of the Premier League’s top six after a 6-0 win over Everton on Monday. The England international has been a shining light in an otherwise disappointing campaign for the Blues and moved level with Manchester City striker Erling Haaland’s 20 Premier League goals […]
FBI opens criminal probe in Baltimore bridge collapse, fourth body recovered
WASHINGTON: The FBI said on Monday it opened a criminal probe into the collapse of a Baltimore bridge in March when a ship crashed into a bridge support, while local officials confirmed the recovery of a fourth body from the incident. FBI agents boarded the cargo ship Dali to conduct court-authorized law enforcement activity regarding […]
Faizabad commission gives clean chit to agencies, Faiz Hameed
ISLAMABAD: The Faizabad sit-in commission has given a clean chit to the country’s spy agencies as well as former spymaster Lt Gen (retd) Faiz Hameed, observing that former high-ups of provincial and federal governments did not accuse the agencies or any other officials for extending facilitation to Tehreek-e-Labbaik Pakistan (TLP) protestors. The commission further noted that no evidence […]
Mughal Energy offers 10% shares for GEM board
KARACHI: Mughal Energy, a wholly owned subsidiary of Mughal Iron and Steel Industries, has initiated the process of selling 10% of its shares to new investors. The aim is to raise financing and get listed on the Growth Enterprise Market (GEM) Board at the Pakistan Stock Exchange (PSX). In a notification to the PSX, Mughal […]
Australia says Assyrian church stabbing was terrorist act
SYDNEY: Australian police on Tuesday said a knife attack on an Assyrian church bishop and some followers in Sydney was a terrorist act motivated by suspected religious extremism, as the country reeled from a second stabbing incident in three days. At least four people were wounded in the attack, including Bishop Mar Mari Emmanuel of the […]