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[ More than 30 data centres are currently operating in Pakistan. Several public sector institutions, including the State Bank and the PTA, as well as a number of private companies, have already established local data centres to provide digital infrastructure and hosting services. photo: REUTERS KARACHI: Pakistan is set to migrate public and private sector … Read more
[ KARACHI: Pakistan’s improving foreign exchange position has translated into higher outward remittances by multinational companies, with foreign investors repatriating $2.31 billion in profits and dividends during fiscal year 2025-26 as payment bottlenecks eased. Data released by the State Bank of Pakistan (SBP) on Monday showed total profit and dividend repatriation on foreign investment increased … Read more
. GAZA: Hamas announced on Monday that it had elected Khalil al-Hayya, the group’s lead negotiator in indirect ceasefire talks with Israel, as the new head of its political bureau. “Hamas announces the election of brother mujahid Khalil al-Hayya as head of the movement’s political bureau, succeeding the martyred leader Yahya al-Sinwar,” Hamas said in … Read more
[ KARACHI: The Salt Manufacturers Association of Pakistan (SMAP) has termed the government’s decision to introduce daily pricing of petroleum products highly detrimental to industry, trade and the overall economy, urging Prime Minister Shehbaz Sharif to immediately review the policy. SMAP Patron-in-Chief Ismail Suttar warned that industrial production costs had already become unsustainable due to … Read more
[ ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik held a meeting with a delegation of the Pakistan Petroleum Dealers Association (PPDA), led by Chief Adviser Malik Khuda Baksh, to discuss petroleum pricing reforms, deregulation, and matters concerning petroleum dealers. The PPDA delegation appreciated the government’s effective management of petroleum product supplies during the challenges … Read more
[ Local rate rises Rs300/tola as international prices stay stable; rupee up at 277.95/$ KARACHI: Gold prices in Pakistan edged higher on Monday, largely in line with a stable trend in international markets, as investors weighed the implications of the escalating US-Iran tensions that lifted energy prices and caused uncertainty about the outlook for US … Read more
OFFICIAL BUSINESS: PM Andy Burnham delivers a speech outside 10 Downing Street in London. PHOTO: REUTE LONDON: Andy Burnham became Britain’s seventh prime minister in a decade on Monday, pledging to reshape its politics to deliver a new economic model and revive a nation “fed up” with a revolving door of leaders. In front … Read more
[ LAHORE: The Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) has reaffirmed its commitment to strengthening the country’s auto parts industry, describing it as a key contributor to industrial development, employment generation and import substitution, according to a statement on Monday. PAAPAM Chairman Usman Malik said the local auto parts industry has invested … Read more
Saudi-led coalition in Yemen said in a statement that it would respond to them with force A satellite imagery shows Bab el Mandeb Strait, a key shipping waterway and the gateway to the Red Sea, as Yemen’s Houthi could shut the Bab el-Mandeb gateway to the Red Sea, in this handout picture dated July 12, … Read more
[ Index recovers from steep early losses caused by regional conflict, ends up by 125 points KARACHI: Pakistan Stock Exchange (PSX) endured another volatile session on Monday as escalating tensions in the Middle East kept investors on edge, although late-session buying helped the benchmark index erase steep early losses and end trading marginally higher. The … Read more