Assassination attempt on Farooq Abdullah foiled in IIOJK

A suspected gunman was arrested after an apparent assassination attempt on senior Kashmiri politician Farooq Abdullah during a wedding ceremony in Indian Illegally Occupied Jammu and Kashmir (IIOJK), according to Indian media reports on Thursday. Abdullah, a former chief minister of India-occupied Kashmir, was attending the event in the Greater Kailash area when the attacker […]

PIDE advocates oil stock monitoring, hedging

The Pakistan Institute of Development Economics (PIDE) on Thursday released a new “policy viewpoint”, cautioning that escalating geopolitical tensions in the Middle East could trigger a sharp increase in global oil prices, which would pose serious risks to Pakistan’s inflation outlook, external balance and overall economic stability. The study, authored by Dr Abida Naurin, Assistant […]

PSX drops 1,437 points as early gains vanish

Pakistan’s stock market extended losses on Thursday as persistent selling pressure and cautious investor sentiment pushed the benchmark KSE-100 index sharply lower amid geopolitical uncertainties and profit-taking. The market dropped nearly 1,440 points, erasing early-session gains over investors’ reaction to volatility in international oil prices and concerns stemming from the ongoing Middle East conflict. Arif […]

Doha interested in boosting rice imports

Federal Minister for Commerce Jam Kamal Khan held a virtual meeting with Minister of State for Foreign Trade Affairs of Qatar Dr Ahmad bin Mohammed Al-Sayed to discuss ways to further strengthen bilateral cooperation, food security coordination and investment opportunities. Both sides expressed satisfaction over the positive trajectory of Pakistan-Qatar relations and agreed to further […]

Karachi gets a taste of summer

The city experienced a hot and dry day on Thursday, with temperatures rising sharply compared to the previous day, according to the Meteorological Department. Northeastern winds from Balochistan influenced the city’s weather, although lower humidity prevented a full-fledged heatwave. The maximum temperature was recorded at 38.3°C, up 5.2°C from Wednesday’s 33.1°C. Morning humidity remained low […]

US KC-135 refuelling aircraft crashes in Iraq, confirms US Central Command

US Central Command (CENTCOM) has announced the loss of a US KC-135 refueling aircraft during the ongoing Operation Epic Fury. The incident occurred in friendly airspace over western Iraq. In a brief statement issued on Thursday, CENTCOM confirmed the loss of a KC-135 Stratotanker during the continuing military offensive known as Operation Epic Fury. According […]