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Short-term inflation sticky at 9.04%

[ KARACHI: Pakistan’s Sensitive Price Indicator (SPI) remained sticky at 9.04% year-on-year for the week ended August 27 as energy costs tied to the prolonged disruption of oil and gas traffic through the Strait of Hormuz continued to dominate the essentials basket, even after a sharp fall in tomato and chicken prices trimmed the weekly … Read more

Iran war depletes US military stockpiles, limiting global deterrence: report

US officials say inventories of interceptors in Europe ‘beyond critical’ levels; Pentagon denies scarcity This US military file photo shows a US Army Terminal High Altitude Area Defense (THAAD) launching station in Israel on March 4, 2019. Staff Sgt. Cory D. Payne/US Air Force/File The extensive use of advanced weaponry in the war against Iran … Read more

PSX edges up, stalls below 178,000

[ KARACHI: Pakistan Stock Exchange (PSX) closed modestly higher on Friday, adding over 370 points to settle near 177,700 after touching the intra-day high around 178,050. Arif Habib Limited (AHL) reported that the PSX delivered a mixed performance as the benchmark KSE-100 index closed at 177,696.51 with an addition of 373.73 points, or 0.21%. The … Read more

PPP’s Yasin named AJK opposition leader

. MUZAFFARABAD: Pakistan Peoples Party PPP leader Chaudhry Muhammad Yasin has been appointed Leader of the Opposition in the Azad Jammu and Kashmir Legislative Assembly, completing the parliamentary set-up of the newly elected house. AJK Assembly Speaker Chaudhry Tariq Farooq issued a formal notification confirming Yasin’s appointment. Yasin will now lead the opposition benches and … Read more

AJK’s electoral road ends with new PM

PML-N’s Barrister Syed Iftikhar Ali Gillani takes oath as the new AJK PM. Photo: Express MUZAFFARABAD: The parliamentary set-up of the newly elected Azad Jammu and Kashmir (AJK) Legislative Assembly was completed on Friday with Pakistan Muslim League-Nawaz (PML-N)-backed Barrister Syed Iftikhar Ali Gillani taking the oath as the 17th prime minister and Pakistan Peoples … Read more