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PSX roars back as US-Iran tensions ease

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KSE-100 jumps over 5,300 points as Brent plunges 4.2% to $92.74; autos, banks, cement and energy stocks lead buying KARACHI: Equities at Pakistan Stock Exchange (PSX) managed a muted cheer on Monday as investors took the latest signs of de-escalation between the United States and Iran as a step towards putting the conflict on hold, … Read more

First phase of AJK elections begins as 1.4m voters head to polls

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First phase covers Mirpur Division’s 13 constituencies, comprising 4 seats in Mirpur, 3 in Bhimber, 6 in Kotli Over 1.4m voters head to polls as first phase of AJK elections begins. PHOTO: EXPRESS ISLAMABAD: Polling for the first phase of the 2026 Azad Jammu and Kashmir (AJK) Legislative Assembly elections began peacefully across Mirpur Division … Read more

GSP+: a bridge, not a destination

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[The European Union's latest assessment of Pakistan's performance under the GSP+ preferential trade scheme presents a mixed picture. There is encouraging progress, but also areas of serious concern. The report is neither a recommendation to withdraw Pakistan's GSP+ status nor a clean bill of health. Among the positive developments, the report highlights stronger human rights … Read more

Seattle shooting suspect in custody, local media reports 2 dead, 5 injured

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Shooting took place at a downtown Seattle food festival; police urge people to avoid the area Police officers stand at a cordoned-off area after Seattle Police responded to what they described as a shooting with “multiple” victims at Seattle Center, which was hosting a Bite of Seattle food festival, in Seattle, Washington, US, July 26, … Read more

Cheap labour export is not a wise strategy

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[ Sindh government announces publich holiday of May 1. PHOTO: TRIBUNE KARACHI: The fiscal year closed with a current account deficit of $139 million. Although meagre, it marks a reversal from the previous year’s surplus of $1.838 billion. According to State Bank of Pakistan statistics, the current account was cushioned by a $3.3 billion increase … Read more

Why Pakistan’s inflation is worse than China’s

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[ ISLAMABAD: Every time the State Bank of Pakistan (SBP) lets money supply grow drastically by issuing bonds or by injecting rupees on account of remittances, we expect inflation in a while. But when the People’s Bank of China does something similar, no one in Beijing worries about inflation. For perspective, in 2026, Pakistan’s headline … Read more