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PSX slides over 6,000 points on foreign selling, weak earnings

PSX slides over 6,000 points on foreign selling, weak earnings

KSE-100 Index falls to intraday low of 173,574.26, shedding 6,029.47 points, or -3.36% Stocks slid on Monday as persistent foreign selling and underwhelming corporate earnings kept investors risk-averse, with political noise and uncertainty around IMF-linked

Business
India, UAE sign $3bn LNG deal, agree to boost trade and defence ties

India, UAE sign $3bn LNG deal, agree to boost trade and defence ties

Two sides sign letter of intent to work towards forming strategic defence partnership, says Indian official ADNOC Gas signs 10-year LNG deal with India's HPCL. UAE, India agree to double two-way trade to $200bn. Both

Business
Bilal Bin Saqib says Pakistan to launch its ‘own stablecoin’

Bilal Bin Saqib says Pakistan to launch its ‘own stablecoin’

The country is experimenting with both stablecoin and Central Bank Digital Currency, says PVARA chairman Stablecoin could be used to collateralise government debt: Bilal. Pakistan seeks to be at the forefront of digital innovation: crypto

Business
Pakistan’s OGDC ramps up unconventional gas plans

Pakistan’s OGDC ramps up unconventional gas plans

OGDC managing director says "next five-year plan would look drastically different." OGDC official says the company tripled the tight-gas study area. Company open to partners "on a reciprocal basis": official. Shale programme to expand to

Business
Dubai to build world’s largest automotive marketplace to boost vehicle trade

Dubai to build world’s largest automotive marketplace to boost vehicle trade

The market will handle electric and hybrid vehicles, linking exporting countries to fast-growing markets DUBAI: The Dubai government has announced plans for what it says will be the world’s largest and most advanced automotive marketplace,

Business
Pakistan plans artificial island to expand oil exploration: report

Pakistan plans artificial island to expand oil exploration: report

PPL official says plans are in place to construct an island about 30 kilometres off the coast of Sindh near Sujawal PPL official says project inspired by Abu Dhabi’s drilling. The company aims to complete

Business
UAE carries out first govt payment using Digital Dirham

UAE carries out first govt payment using Digital Dirham

Officials say Digital Dirham will help improve payment efficiency, reduce costs DUBAI: The United Arab Emirates has completed its first government transaction using the Digital Dirham, marking a major step towards digital finance and greater

Business
Pakistanis’ asset-backed crypto holdings could be $30 billion, say experts

Pakistanis’ asset-backed crypto holdings could be $30 billion, say experts

Trading by Pakistanis could reach $300 billion, nearly the country’s $400 billion GDP Delay in law may cost $25bn in missed opportunities. Phased regulation is urged to manage risk and adoption. CBDC proposed to slash

Business
US Supreme Court casts doubt on legality of Trump’s global tariffs

US Supreme Court casts doubt on legality of Trump’s global tariffs

Foreign-facing tax or foreign affairs is a core power of the executive, says Conservative Chief Justice Roberts WASHINGTON: US Supreme Court justices raised doubts on Wednesday over the legality of President Donald Trump's sweeping tariffs

Business
Bitcoin plunges below $100,000, marking sharpest slide since June amid global rout

Bitcoin plunges below $100,000, marking sharpest slide since June amid global rout

Major US stock indexes also fall, with tech, chip stocks particularly weak, after CEOs warn of further equity market pullback Wall Street indexes retreat, led by a decline in the Nasdaq. Traders remain cautious after