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Pakistan Stock Exchange Hits Historic High as Index Crosses 186,000 Points
Karachi: The Pakistan Stock Exchange (PSX) reached a new milestone on Tuesday, with its benchmark KSE-100 Index surging past the 186,000-point mark for the first time in history, reflecting strong investor confidence and sustained buying momentum.Market analysts attributed the rally to improved macroeconomic indicators, expectations of policy stability, and renewed interest in key sectors including…
Budget Preparations Begin — Federal Departments Ordered to Return Unused Funds
Islamabad — As preparations for the next fiscal year’s budget get underway, the Pakistani government has directed all federal ministries and departments to return unspent funds to the Finance Division without delay.According to an official notification, all departments have been instructed to submit their projected savings to the Finance Division by May 10, a move…
Russia-Ukraine war: Crimeas Sevastopol without power after Ukraine strikes
“We will not be intimidated by the lack of light. We have gone through more than that, and we will survive now,” Razvozhayev said in a Telegram message to the public. “The enemy is again striking vilely, trying to deprive us of our usual living conditions and sow panic.” He said a “special regime” had…
Pakistan makes $500 million Eurobond payment on schedule
ISLAMABAD,– Pakistan has successfully repaid $500 million against its Eurobonds, the finance ministry said on Monday, underscoring the country’s commitment to meeting debt obligations amid stable foreign exchange reserves. The bonds, issued in 2015, were settled on schedule, the ministry added. It said timely repayments reflect Pakistan’s fiscal discipline and have helped improve investor confidence,…
Denmark’s Aalborg airport closes after reports of drones in airspace
Denmark’s Aalborg airport in the country’s north has been closed after unauthorised drones were seen in its airspace, according to local authorities. Three other smaller airports in the southern region – Esbjerg, Sønderborg and Skrydstrup – also reported drone activity, but were not closed. The incident comes after Copenhagen airport was forced to close earlier…
