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PSX surges over 4,700 points as Saudi funds lift market sentiment

KARACHI: Buying momentum continued at the Pakistan Stock Exchange (PSX) on Wednesday, with investors reacting positively to the Kingdom of Saudi Arabia’s commitment of an additional $3 billion in deposits for Pakistan, boosting market sentiment early in the session. The benchmark KSE-100 Index, at 12:34pm, stood at 170,347.47 – up 4,712.63 points, or 2.85%. Trading commenced … Read more

Pakistan calls for abolition of veto power, opposes permanent membership expansion

Envoy says veto powers should either be abolished or their use ‘severely restricted’ Pakistan’s Permanent Representative to the UN, Ambassador Asim Iftikhar Ahmad speaking at the UN. PHOTO: X Pakistan on Wednesday called for the abolition or severe restriction of the veto power in the United Nations Security Council (UNSC), while strongly opposing any expansion … Read more