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Pakistan, Netherlands target $5b trade

[ LAHORE: The Netherlands has identified the Lahore Chamber of Commerce and Industry (LCCI) as a key partner for expanding bilateral trade and investment, with the current trade volume of $1.9 billion having the potential to reach $5 billion through enhanced cooperation. Chargé d’Affaires of the Dutch Embassy Hajo Provo Kluit, during his visit to … Read more

Trump confronted Hegseth over US munitions shortages amid Iran war: report

Tanker reports hearing 2 explosions off Oman’s coast while transiting Strait of Hormuz: UKMTO US President Donald Trump confronted Defence Secretary Pete Hegseth during a Cabinet meeting last week at Camp David in Maryland over severe munitions shortages that have constrained military options against Iran, US media reported Wednesday. The Washington Post, citing two people … Read more

Gold prices soar as global market rallies

[ KARACHI: Gold prices recorded a sharp surge in Pakistan on Wednesday, mirroring gains in the international bullion market, as investors turned to the safe-haven asset amid a weaker US dollar and ahead of the release of key US labour market data. According to the All-Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat … Read more

Former Bangladesh cricket captain Shakib’s home attacked after Hasina media event

Police say a group of people attacked ​Shakib’s ancestral home in Magura town Windows were smashed and petrol bombs hurled at former Bangladesh ‌cricket captain Shakib Al Hasan’s residence after he joined ousted Prime Minister Sheikh Hasina’s first public media interaction since her 2024 removal from power, in which she vowed to return in December. Police said … Read more

Oil prices slip as Iran cites progress with Oman on Hormuz agreement

[ Oil prices trended ​lower on Thursday on the progress in Iran-Oman talks, with investors cautiously waiting for signs of a US-Iran ‌peace deal and progress on reopening the Strait of Hormuz. Brent crude futures fell 33 cents, or 0.42%, to $79.12 a barrel. US West Texas Intermediate futures declined 42 cents, or 0.56%, to $74.80 … Read more

OpenAI asks US judge to dismiss Apple’s trade secrets case

‘OpenAI has ​no use, need, or desire for ⁠Apple’s trade secrets,’ lawyers for OpenAI wrote in the motion OpenAI asked a US judge on Wednesday to dismiss Apple’s lawsuit ​accusing it and two former ‌Apple employees of misappropriating the iPhone maker’s trade secrets to benefit the ChatGPT maker’s ​foray into consumer hardware. “OpenAI has ​no use, … Read more

PSX reclaims 180k level, surges 2,932 points

[ KARACHI: Pakistan Stock Exchange (PSX) posted strong gains on Wednesday, with the benchmark KSE-100 index reclaiming the 180,000 level amid broad-based buying supported by global cues and optimism about Pakistan’s external financing outlook. The KSE-100 settled at 180,014.93, higher by 2,931.71 points, or 1.66%, compared to the previous close at 177,083.22. During the day, … Read more

KPT, PQA slash transshipment costs

[ ISLAMABAD: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has announced a unified transshipment incentive package offering major concessions at Karachi Port and Port Qasim to cut cargo handling costs and attract regional shipping traffic, according to a statement issued on Wednesday. The package, jointly introduced by the Karachi Port Trust (KPT), Port … Read more

AJK observes Youm-e-Istehsal

MUZAFFARABAD: Azad Jammu and Kashmir (AJK) observed Youm-e-Istehsal-e-Kashmir on Wednesday to mark seven years since India revoked the special constitutional status of Indian Illegally Occupied Jammu and Kashmir (IIOJK), with rallies, protest demonstrations and public gatherings held across AJK. The main event was held in Muzaffarabad where participants took out a protest rally and chanted … Read more