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PSX jumps almost 2000 points amid budget anticipation

KARACHI: Trading at the Pakistan Stock Exchange (PSX) jumped almost 2,000 points before suspension on account of Friday prayers, as investors braced for Finance Minister Senator Muhammad Aurangzeb’s presentation of the federal budget for FY2026-27 later in the day. The benchmark Index climbed significantly to 171,659.29 points, reflecting positive investor sentiment. The market registered a … Read more

Poverty rises to 28.9% despite economic recovery

[ Rural poverty at 36.2%, more than double urban rate of 17.4%; income inequality widens KARACHI: Pakistan’s poverty rate has climbed to 28.9% despite signs of economic recovery and improved macroeconomic stability, highlighting disconnect between the headline growth figures and living standards for millions of households. “Pakistan’s poverty trends over the longer term show a … Read more

Bangladesh, India to coordinate patrols on border, share intelligence amid migrant tensions

BGB, BSF call talks ‘cordial and forward-looking’ as Dhaka presses New Delhi to halt forced border crossings A Border Security Force (BSF) official walks into a Border Outpost (BOP), a self-contained defence outpost situated near the India-Bangladesh international border in Petrapole, India, on October 16, 2024. PHOTO: REUTERS Bangladesh and India have agreed to deepen cooperation along their shared border with … Read more

Smuggled dinosaur fossils return to Mongolia

ULAANBAATAR: Mongolia has recovered a rare dinosaur skeleton and a trove of fossils illegally exported two decades ago, authorities said, concluding years of efforts to return the palaeontological treasures. The collection includes a Tarbosaurus bataar skeleton, estimated to be more than 50% intact, along with 28 groups of fossilised dinosaur remains originally found in Mongolia’s … Read more

FX reserves inch up to reach $22.67b

[ KARACHI: Pakistan’s foreign exchange reserves recorded a modest increase during the week ended June 5, 2026, with deposits of the State Bank of Pakistan (SBP) rising by $25 million to $17.22 billion, according to data released by the central bank on Thursday. The SBP said its foreign exchange reserves stood at $17.215 billion as … Read more

Rain, aftershocks hamper rescuers as Philippine quake toll hits 55

Provincial disaster chief says while search for missing continued, there was little hope of finding survivors A road is blocked near the collapsed building after a magnitude 7.8 quake in General Santos, Philippines, June 8, 2026. Picture taken with a mobile phone. PHOTO: REUTERS Rescuers battling rain and aftershocks cleared roads and searched for the … Read more

PSX remains below 170,000 ahead of budget

[ A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. PHOTO: REUTERS KARACHI: Pakistan Stock Exchange (PSX) on Thursday ended marginally higher as selective buying in banking and energy stocks helped the benchmark KSE-100 index recover 276 points ahead of the federal budget announcement. At the … Read more