The equity market rose on Friday as improved macroeconomic indicators and strong corporate result expectations continued to drive investor sentiment. “Improved macroeconomic indicators and better expectations relating to corporate results” are driving the momentum, said Samiullah Tariq, Head of Research at Pak-Kuwait Investment Company. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index climbed to an intraday high of 134,920.76, gaining 1,138.42 points, or 0.85%, while touching a low of 134,130.40, reflecting an increase of 348.06 points, or 0.26% The rally follows fresh data from the State Bank of Pakistan (SBP),…
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Trump slaps 35% tariff on Canada, plans more for others
US President Donald Trump said on Thursday the United States would impose a 35% tariff on imports from Canada next month and planned to impose blanket tariffs of 15% or 20% on most other trading partners. In a letter released on his social media platform, Trump told Canadian Prime Minister Mark Carney the new rate would go into effect on August 1 and would go up if Canada retaliated. In a post on X late on Thursday, Carney said his government will continue to defend Canadian workers and businesses in…
Read MoreImran Khan’s sons not beyond law’s reach: Kundi
Khyber Pakhtunkhwa Governor Faisal Karim Kundi has said that the children of PTI founder Imran Khan are not above the law and will face legal action if they try to act outside its bounds, just like any ordinary citizen. Speaking to Geo News, Kundi commented on recent PTI protests, calling them unsuccessful. He noted that holding peaceful demonstrations was everyone’s right, including the children of the PTI founder — Sulaiman and Kasim — but added that “if they cross the legal line, the law will take its course.” “PTI founder’s children…
Read MoreUAE DPM assures Naqvi of addressing visa-related concerns
The United Arab Emirates (UAE) has assured Pakistan of addressing visa-related concerns as the two countries discussed boosting cooperation in different fields. The development came as Interior Minister Mohsin Naqvi met UAE Deputy Prime Minister and Minister of Interior Lt General Sheikh Saif bin Zayed Al Nahyan during his official visit to the Gulf country. Naqvi was warmly received at the UAE Ministry of Interior, where he was given a guard of honour. The interior minister was introduced to senior officials of the ministry before engaging in detailed discussions on…
Read MoreIndia facing international isolation due to its aggressive policies: DPM Dar
Deputy Prime Minister Ishaq Dar said on Friday that India’s aggressive regional policies are contributing to its growing diplomatic isolation on the international stage. Speaking at an event hosted by the Pakistan High Commission in Kuala Lumpur, Dar, who also holds the portfolio of foreign minister, criticised India’s recent suspension of the Indus Waters Treaty (IWT) and termed the act as strange move. Pakistan and India engaged in military conflict in May this year, wherein the nuclear-armed rivals used missiles, drones, and artillery fire during the four-day fighting — their…
Read MoreMilitary commanders pledge to dismantle India-sponsored terror networks
ISLAMABAD: The Pakistan Army’s top military leadership has reiterated their resolve to take “decisive and holistic actions” against India-backed and sponsored proxies operating against the nation, a statement issued by the Inter-Services Public Relations (ISPR) said on Thursday. The stance emerged during the 271st Corps Commanders’ Conference (CCC), held in Rawalpindi under the chairmanship of Field Marshal Syed Asim Munir, Chief of Army Staff (COAS), who observed that India is intensifying its actions against Pakistan following its recent defeat in the war. Pakistan and India went to war in May…
Read MorePM directs restructuring of National Tariff Commission
PID Prime Minister Shehbaz Sharif on Thursday ordered urgent revamping of the National Tariff Commission’s legal, administrative, and other institutional powers and responsibilities to enhance its performance. The prime minister, chairing a review meeting on the performance of the National Tariff Commission, instructed for third-party review of the NTC’s recent performance and remodelling the organisation on modern lines to meet the requirements of the new tariff regime effectively. He said that the NTC should be cognisant of all ground realities related to domestic business, imports, exports, and markets. The automated…
Read MorePM commends Qatari royal for summiting Nanga Parbat
Qatari royal Sheikha Asma Al Thani called on Prime Minister Shehbaz Sharif on Thursday, who recently summited Nanga Parbat — the world’s ninth-highest mountain located in the Gilgit Baltistan region known as the formidable “Killer Mountain”. Felicitating Asma Al Thani on her achievement, the PM praised her for her remarkable courage, resilience, and determination and commended her for being a source of inspiration for women and young girls across the world, especially in promoting gender empowerment through adventure and high-altitude sports. Formally appointing the mountaineer as the country’s Brand Ambassador…
Read MoreWhatsApp rolls out chat prompts to help users engage with Meta AI
WhatsApp is making it easier for users to engage with Meta AI, its integrated chatbot, by rolling out a new feature that provides default conversation starters, aiming to streamline interactions and help users leverage the AI assistant more effectively. The new default prompts are currently available to some beta testers in the latest WhatsApp beta for Android 2.25.20.13 update, which is available on the Google Play Store, according to WABetaInfo. The new feature will present a curated selection of conversation prompts, designed to offer a clear starting point, particularly for individuals…
Read MoreHumanoid robot artist says it’s not here to ‘replace human artists’
GENEVA: At the unveiling of a new portrait of King Charles this week, humanoid artist Ai-Da shared the inspiration behind the layered and intricate piece, while emphasising it had no intention of “replacing” human creators. Designed to closely resemble a human woman, Ai-Da is among the world’s most advanced robots, featuring a life-like face with expressive features, hazel eyes, and a neat brown bob haircut. Its arms, however, reveal its true nature — mechanical and exposed — and are interchangeable based on the artistic medium being used. Late last year,…
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