The Pakistan Stock Exchange (PSX) witnessed a volatile session on Thursday, with the benchmark KSE-100 index retreating after hitting record highs a day earlier. Investor sentiment turned cautious due to concerns about stringent conditions linked to a new International Monetary Fund (IMF) programme, including proposed enforcement of agriculture income tax and the IMF’s opposition to […]
The State Bank of Pakistan (SBP) reported a marginal decline in its foreign exchange reserves for the week ending May 30, 2025, with holdings falling by $7 million to $11.5 billion. Total liquid foreign reserves stood at $16.6 billion, including $5.1 billion held by commercial banks. The slight dip comes as Pakistan continues to navigate […]
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has issued a clarion call for urgent, coordinated action to combat plastic pollution and modernise Pakistan’s maritime infrastructure. In a statement released on World Environment Day, the minister urged alignment of maritime policies with global climate goals to safeguard the country’s over 1,000-km coastline and marine […]
Amid Pakistan’s heavy reliance on foreign consultants to run its economy, an independent think tank has advised the government to choose a path between a truly home-grown economic model and a foreign lender-driven policy agenda. The Tola Associates policy advice came in the middle of a major shift in national tariff policy, where foreign consultants […]
Social media outlet Reddit filed a lawsuit on Wednesday against artificial intelligence company Anthropic, accusing the startup of illegally scraping millions of user comments to train its Claude chatbot without permission or compensation. The lawsuit in a California state court represents the latest front in the growing battle between content providers and AI companies over […]
Before finishing the science-fiction drama film The Life of Chuck, English actor Tom Hiddleston and American director Mike Flanagan had a conversation about life, death and existence. “I think (the conversation) went far deeper than just about any conversation I can recall having with an actor,” Flanagan told Reuters during an interview in Los Angeles. […]
Without question, Deemak is the most divisive Pakistani release of the year. For those who still invoke “support local cinema” regardless of a film’s craft or coherence, this is perhaps the moment they’ve been waiting for. A harsher critique of director Rafay Rashdi’s horror-family drama might be too easy — were it not for the […]
Russian President Vladimir Putin has expressed willingness to use Moscow’s close ties with Tehran to help facilitate negotiations over Iran’s nuclear programme, the Kremlin confirmed on Thursday following a phone conversation with US President Donald Trump. According to the Kremlin’s readout, Putin told Trump that Russia is prepared to leverage its partnership with Iran to […]
Elon Musk ignited controversy on Thursday after claiming that U.S. President Donald Trump is mentioned in the unreleased Epstein files. The Tesla and SpaceX CEO posted on X, formerly Twitter, that “@realDonaldTrump is in the Epstein files. That is the real reason they have not been made public.” The post, which has already been viewed […]