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Global, local firms to revive Peshawar Block

[ ISLAMABAD: International and local energy companies have agreed to form a joint venture to inject new life into the Peshawar Block, which has remained inactive for several years, and recommence exploration and development activities. To discuss the revival of the Peshawar Block, a high-level meeting was held on Wednesday between Federal Minister for Petroleum … Read more

Mobile, internet restored across Afghanistan

KABUL: Mobile networks and the internet were restored across Afghanistan on Wednesday, 48 hours after the Taliban authorities shut down telecommunications. Confusion gripped the South Asian country on Monday night when mobile phone service and the internet went down without warning, freezing businesses and cutting Afghans off from the rest of the world. The massive … Read more

PSX notches thin gains in volatile trading

[ KARACHI: It was a choppy day at the Pakistan Stock Exchange (PSX) on Wednesday as the benchmark KSE-100 index moved in both directions before ending the session with thin gains of 147 points. In the morning, the market started off trading on a strong note, touching the intra-day high of 166,523 points. However, it … Read more

Pakistan repays $500m Eurobond

[ ISLAMABAD: Pakistan has successfully repaid a $500 million Eurobond that matured on September 30, 2025, in line with all its obligations, announced Adviser to Finance Minister Khurram Schehzad on Wednesday. The international bond, issued in 2015 to global investors with a 10-year tenor, was settled on schedule, reflecting the country’s commitment to financial discipline, … Read more

PSG stun Barcelona in Champions League

PARIS: Title-holders Paris Saint-Germain came from behind to beat Barcelona 2-1 with a last-minute goal in the Champions League on Wednesday, while Manchester City had to settle for a draw in Monaco despite Erling Haaland’s double. Elsewhere there were comfortable wins for Arsenal and Newcastle United, as Napoli and Borussia Dortmund were among the other … Read more

Gold hits Rs410,278/tola amid global rally

[ KARACHI: Gold prices in Pakistan surged to fresh record highs on Wednesday, tracking the global rally driven by a weaker dollar, safe-haven demand, expectations of a US rate cut following softer jobs data and a looming government shutdown. According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the local price of gold … Read more