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PSX gains over 1,000 points as US-Iran mediation lifts investor sentiment

[ Buying interest witnessed automobile assemblers, commercial banks, oil and gas exploration companies KARACHI: The Pakistan Stock Exchange (PSX) rebounded further on Tuesday as investor sentiment improved amid reports of mediation efforts between the United States and Iran, with the benchmark KSE-100 Index gaining more than 1,000 points in midday trading. The index rose to … Read more

Petroleum minister, Kuwaiti exploration company discuss expanding energy cooperation

Ali Pervaiz Malik says government remained committed to expanding its long-standing energy cooperation with Kuwait Petroleum Minister Ali Pervaiz Malik holds meeting with Kuwait Foreign Petroleum Exploration Company (KUFPEC) Vice President for Operations Tariq Ibrahim. SCREENGRAB Petroleum Minister Ali Pervaiz Malik on Tuesday met Kuwait Foreign Petroleum Exploration Company (KUFPEC) Vice President for Operations Tariq … Read more

AliExpress hit with $629m EU fine

[ BRUSSELS: Alibaba’s AliExpress was hit with a record €550 million ($629 million) fine from the European Union on Monday for failing to tackle sales of illegal, unsafe and counterfeit products on its platform. The fine was the third issued by the European Commission under the EU’s landmark Digital Services Act, which requires very large … Read more