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Wall Street, dollar firm ahead of big week for market risk

[ Listen to article NEW YORK: Wall Street and the dollar firmed on Friday as investors girded themselves for the week ahead, which includes a Federal Reserve policy meeting, crucial corporate results and US President Donald Trump’s August 1 deadline for negotiating trade deals. “Some deals will be done and talks will continue, and Trump may push … Read more

Piastri fastest in sole Belgian GP practice

SPA-FRANCORCHAMPS: Formula One leader Oscar Piastri showed impressive speed in sole practice for the Belgian Grand Prix on Friday with Max Verstappen starting Red Bull’s new era by denying champions McLaren the one-two. Piastri was a hefty 0.404 quicker than four-times world champion Verstappen, whose team are racing without Christian Horner in charge for the … Read more

Old power plants’ scrap sold for Rs46.7b

[ Listen to article ISLAMABAD: The Power Division has completed the sale of scrap from 61 old and non-functional government-owned thermal power plants, generating Rs46.73 billion, which was higher than the original reserve price. According to the Power Division, the auction process was carried out in two phases. Experts from the State Bank of Pakistan helped determine … Read more

PM approves Skills Impact Bond for youth

Listen to article ISLAMABAD: Prime Minister Shehbaz Sharif on Friday approved Pakistan’s first Skills Impact Bond — a modern model that will attract private investment to make youth employable. He approved the project while chairing a review meeting here on the roadmap for providing employment to the youth. Under the new model, youth will be taught skills … Read more

Pakistan seeks FAO support

[ Listen to article ISLAMABAD: Federal Minister for National Food Security and Research, Rana Tanveer Hussain, chaired a high-level meeting with a delegation from the Food and Agriculture Organisation (FAO) of the United Nations to review ongoing collaboration and explore future opportunities in Pakistan’s agriculture and livestock sectors. According to a statement released on Friday, the FAO … Read more

Inflation intensifies 4.07% WoW

[ Listen to article KARACHI: Inflationary pressures intensified as the Sensitive Price Indicator (SPI) for the week ended July 24, 2025 surged 4.07% week-on-week (WoW), according to the latest data released by the Pakistan Bureau of Statistics (PBS). The rise was driven primarily by steep hikes in gas charges, electricity tariffs and essential food items such as … Read more

Rating upgrade sparks Eurobond rally

[ Listen to article KARACHI: Pakistan’s international bonds surged on Friday, following Standard & Poor’s upgrade of the country’s sovereign credit rating to ‘B-‘ with a stable outlook, marking Pakistan’s return to this rating level for the first time since July 2022. The upgrade, driven by improving macroeconomic fundamentals and reduced sovereign default risk, sparked strong investor … Read more