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Gaza flotilla activists taken to Crete

ATHERINOLAKKOS: More than 100 pro-Palestinian activists aboard boats carrying aid bound for Gaza were taken to the Greek island of Crete on Friday after Israeli forces seized their vessels in international waters near Greece, flotilla organisers said. The activists were part of a second Global Sumud flotilla, launched in recent months in an attempt to … Read more

Pakistan, S Korea agree to speedily finalise CEPA

[ ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan held a virtual meeting with South Korean Trade Minister Yeo Han-koo to strengthen trade ties, advance negotiations on the Comprehensive Economic Partnership Agreement (CEPA), and enhance investment cooperation. Secretary Commerce Jawad Paul and senior officials from both sides also participated in the meeting. At the outset, … Read more

‘Pay workers before sweat dries,’ says minister

[ ISLAMABAD: Federal Minister for Communications Abdul Aleem Khan paid tribute to millions of labourers on International Workers’ Day, stating that Islam places a sacred duty on employers to pay workers their wages ‘before their sweat dries’, according to an official statement issued on Friday. Aleem Khan said the working class is the backbone of … Read more

PSX slides 4.5% as geopolitics rattle investors

[Pakistan's stock market came under renewed pressure during the outgoing week, as escalating geopolitical tensions between the US and Iran and a sharp surge in global oil prices triggered broad-based selling, pushing the benchmark KSE-100 index down by 4.5% week-on-week (WoW) to 162,994 points. On a day-on-day basis, the Pakistan Stock Exchange (PSX) commenced the … Read more

Credit flow weakness limits growth potential

[ LAHORE: Pakistan’s macroeconomic conditions are showing signs of stabilisation, supported by a moderate growth recovery and improved external buffers, though the outlook remains fragile amid inflationary pressures and global uncertainties. Within this environment, the more critical issue lies in the allocation of private-sector credit rather than its overall availability, says ICMA Research and Publications. … Read more

Ukraine strikes create climate disaster

. KYIV: Ukrainian drones struck Russia’s Black Sea port of Tuapse on Friday for the fourth time in 16 days as authorities struggled to cope with a mounting environmental disaster from toxic black smoke clouds and oil leaking into the sea. Ukraine’s SBU security service said drones had again struck the sea port and refinerythat … Read more