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KSE-100 climbs to 168,062 after broad-based buying, mild dip in November inflation

KARACHI: The Pakistan Stock Exchange (PSX) welcomed both the first trading day of December and the first session of the new week with a rebound, gaining nearly 1,400 points. Despite remaining under pressure in the morning, the market made a swift recovery as investor sentiment strengthened. Fresh investment flowed into key sectors including automobile assemblers, cement, commercial banks, fertiliser, oil & gas exploration and marketing. Adding to the upbeat tone, Pakistan’s core inflation for November cooled mildly, slipping to 6.15% from 6.24% in the previous month. Investors interpreted it as…

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Auto Industry claims Rs50b loss from car imports

ISLAMABAD: Pakistan’s auto industry has expressed its dismay over the rising import of used cars, which is said to have caused a loss of Rs50 billion during the last one year. Pakistan is the only auto manufacturing country in Asia where used vehicles swallow a significant part of the market, accounting for nearly 25% of domestic sales between December 2024 and December 2025. In comparison, the share of used cars remains negligible in regional peers: India has virtually zero used car inflows, Vietnam has 0.3% used car share and Thailand…

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Pakistan advances green taxonomy, climate disclosures in talks with global accounting body

ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb on Monday said climate change was an urgent economic reality for Pakistan, reaffirming the government’s commitment to advancing sustainable finance, green taxonomy, and climate-aligned disclosure frameworks. Stressing the need to support SMEs in formalising their financial reporting practices, he highlighted Pakistan’s proactive regulatory direction in digital assets and emerging technologies, where new institutional frameworks are being established to bring innovation into the formal, transparent, and compliant economy. The finance minister made these observations while talking to a delegation led by International Federation of…

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South Korea sends satellites in orbit with successful fourth rocket launch

The country started the Nuri rocket program in 2021 initially, and the latest developments helped them to achieve the mission successfully. A live stream by the Korea Aerospace Research Institute on social media showed an intriguing glimpse of a rocket ascending into the night sky from its launchpad in Goheung. In this connection, South Korean President Lee Jae Myung said in a message shared on social media, “This is the first time private companies have participated in the entire process.” “As we have embarked on the journey of independence and…

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Mars hidden Ice Age clues revealed in ESA’s newly released images

The latest images taken by the High Resolution Stereo Camera (HRSC) aboard ESA’s Mars Express spacecraft have revealed evidence of Martian Ice Age in the Coloe Fossae region. Coloe Fossae is located in Red Planet’s mid-northern latitude. These structures are often formed due to dropping of surface material downward, characterised by long and shallow grooves within the craters. These craters, formed by space debris, hold clues regarding the Martian Ice Age. The swirling and grooved patterns on valley’s floors and craters also reveal the movement of icy material on Mars.…

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World Robot Olympiad opens in Singapore

Robots took centre stage as the World Robot Olympiad opened in Singapore on Wednesday. Hundreds of international students, some as young as eight, are taking part in the competition as they are set to compete using automatons to solve real-world problems. As per the AFP, the annual competition began in 2004 in Singapore and was held in Turkey last year. It highlights the importance of technology and science in improving daily lives, using the inventive spirit of young students. The organisers have said 594 teams, comprising 1,571 participants from 91 countries,…

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Dark matter mystery solved? New study claims major 100-year ‘breakthrough’

For over a century, one of the most mysterious components of the universe, dark matter, has kept scientists perplexed due to its enigmatic nature. Finally after a 100-years long search, the researchers may have finally seen the existence of dark matter, the elusive substance that makes up 27 percent of the cosmic world. According to findings published in the Journal of Cosmology and Astroparticle Physics on November 25, a team led by Tomonori Totani of the University of Tokyo has unlocked this nearly-impossible breakthrough for the very first time. By using…

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Trump officials host crucial Ukraine talks

HALLANDALE BEACH: US Secretary of State Marco Rubio held high stakes talks with a Ukrainian delegation in Florida on Sunday, as the United States pushes to end Russia’s war against its neighbor. The negotiations come as Kyiv faces mounting military and political pressure, along with the fallout from a corruption scandal. They could set the stage for next week’s visit to Moscow by President Donald Trump’s envoy Steve Witkoff, who is expected to discuss Ukraine diplomacy. “This is not just about peace deals. It’s about creating a pathway forward that…

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Bangladesh ex-PM Hasina ordered 2009 killings: commission

DHAKA: A commission set up to investigate a violent mutiny that saw dozens of senior army officers massacred 16 years ago on Sunday said former premier Sheikh Hasina had ordered the killings. Rampaging troops from the Bangladesh Rifles (BDR) murdered 74 people, including military officers, during the two-day revolt that began in Dhaka and spread across the country in 2009, destabilising the government of then-premier Hasina weeks after she took office. After Hasina was ousted last year following a student-led uprising, the interim government led by Muhammad Yunus formed a…

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Pope urges Lebanese to embrace reconciliation, stay in crisis-hit country

BEIRUT: Visiting Pope Leo XIV urged the Lebanese people on Sunday to embrace reconciliation and remain in their crisis-hit country, while calling on its leaders to put themselves fully at the service of their citizens. The pope, bearing what he described as a message of peace, had previously visited Turkey, where he kicked off his first overseas tour since being elected leader of the world’s 1.4 billion Catholics in May. Long hailed as a model of coexistence, multi-confessional Lebanon is nonetheless plagued by sectarian and political rifts, and has seen…

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