SBP permits teens to run bank accounts

[ Central bank said framework enables teenagers to save securely, transact confidently, and develop responsible habits State Bank of Pakistan. Photo: File KARACHI: The State Bank of Pakistan (SBP) has introduced a new framework allowing teenagers to independently own and operate bank accounts and digital wallets, expanding access to formal financial services for younger users. … Read more

Karachi receives heavy rainfall, more showers forecast today

Dark clouds blanket the city in the early hours, causing difficulties for commuters travelling to offices Rains in Karachi. Photo: APP (file) KARACHI: Heavy rainfall swept across Karachi early on Thursday under the influence of a new western weather system, bringing a noticeable drop in temperature and prompting authorities to issue warnings, with more rain … Read more

UAE calls on UN to approve measures, including use of force, to reopen Strait of Hormuz: report

Gulf nation cites UN Charter’s Chapter 7, which allows use of force against threats to peace Strait of Hormuz also dubbed as energy corridor as millions of barrels of oil move from one part to another from here. PHOTO: REUTERS The United Arab Emirates (UAE) called on the UN to authorise measures, including the use … Read more

Second Waziristan block discovery lifts gas production

[ A hydrocarbon facility in Qatar. PHOTO: oilandgasmiddleeast.com ISLAMABAD: Production has commenced from the Spinwam-1 exploratory well in the Waziristan Block, adding 40 million cubic feet per day (MMCFD) of gas and around 200 barrels per day of condensate to the national supply, according to a statement issued on Wednesday. The well is part of … Read more

Peace hopes trigger robust PSX rally

[ PSX witnessed a strong trend-reversal session as the KSE-100 Index surged 1,836 points (+1.01%) to close at 184,175. Photo: Express KARACHI: Trading halted at the Pakistan Stock Exchange (PSX) on Wednesday in a massive show of strength as Middle East de-escalation hopes brought investors back into a vibrant mood. Equities surged sharply in broad-based … Read more