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Pakistan seeks strategic investment ties with Egypt

[ ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan has called for transforming Pakistan-Egypt relations into a stronger economic partnership based on trade, investment, joint production, technology cooperation and regional value chains. He was speaking at a reception held in Islamabad to celebrate the National Day of Egypt. The event was attended by ambassadors, high … Read more

SPI stays elevated at 13.09% YoY

[ Weekly inflation rises 1.4% on surge in tomato, chicken, LPG prices amid oil disruption KARACHI: The Sensitive Price Indicator (SPI) remained elevated at 13.09% year-on-year for the week ended July 16, 2026 as prolonged closure of the Strait of Hormuz amid the Israel-US conflict with Iran continued to disrupt global oil supply chains and … Read more

Death toll from Venezuela earthquakes rises to 5,069

16,740 people injured in last month’s disaster, says National Assembly President Jorge Rodriguez A rescuer works at the site of a collapsed building after earthquakes hit the country, in Caracas, Venezuela, June 25, 2026. Photo: Reuters The death toll from last month’s back-to-back earthquakes in Venezuela climbed to 5,069, the country’s National Assembly President Jorge … Read more

Profit-taking pushes PSX down by 2,321 points

[ KARACHI: The KSE-100 index of the Pakistan Stock Exchange (PSX) on Friday faced profit-taking, declining about 2,320 points to close slightly above 175,800 amid heightened geopolitical uncertainty triggered by fresh US-Iran airstrikes. The market traded mixed during the day, with selective buying in the morning session giving way to selling pressure in the latter … Read more

LPG marketers warn of supply crisis

[ Urge revision of LPG margins, immediate halt to plant sealing amid outdated pricing framework LAHORE: The Pakistan LPG Marketers Association (PLPGMA) has urged the federal government to immediately intervene to stop the sealing of licensed LPG plants, warning that continued enforcement actions could trigger supply disruptions, increase prices and adversely affect millions of consumers. … Read more

Cricket legend Garry Sobers is no more

. BRIDGETOWN, BARBADOS: Sir Garry Sobers, the West Indies legend widely regarded as cricket’s greatest all-rounder, has died at the age of 89, Cricket West Indies announced on Friday, bringing to an end the remarkable life of a player whose unmatched versatility, brilliance and longevity set the benchmark for generations of cricketers. “A great innings … Read more

C/A slips into $649m deficit

[ The June deficit of $649 million stood in contrast to the surplus of $500 million in May and reflected a combination of higher import payments and a seasonal softening in remittances. Photo: File KARACHI: Current Account Balance (CAB) recorded a deficit of $649 million in June 2026 compared to a surplus of $500 million … Read more