KARACHI: Pakistani shares surged on Monday, posting their biggest single-day points gain in history, fueled by investor optimism over a potential breakthrough in US-Iran peace talks.
The Pakistan Stock Exchange benchmark KSE-100 index skyrocketed by 4,639 points, or 2.69 percent, to close at an all-time high of 177,039 points.
During intra-day trading, the index touched a historic peak of…
PESHAWAR: The Khyber Pakhtunkhwa government has approved a project to establish the country's first dedicated yak research station in the remote Broghil Valley near the Afghan border, aiming to conserve the endangered high-altitude species and boost livelihoods in the mountainous Chitral region, official budget documents showed.
The project, included in the province's Annual Development…
Le Voyageur has completely redesigned the interior of its Fiat-based Eterna and Mercedes-based Heritage models for the 2027 season.
WASHINGTON: US Vice President JD Vance said on Monday that the text of a landmark agreement to halt the war in Iran and reopen the strategically vital Strait of Hormuz is expected to be made public this week, even as fine-tuning of the deal continues.
Speaking in an interview with CNBC, the vice president emphasised that Washington expects the crucial maritime trade route to remain accessible…
PESHAWAR: The Khyber Pakhtunkhwa government has declared a public holiday on the first day of Muharram, as a moon-sighting committee meets today.
The provincial government on Monday issued a formal notification stating that all government offices and public institutions across the province will remain closed on the 1st of Muharram, the first month of the Islamic lunar calendar.
The government…
KARACHI: The central bank kept its benchmark interest rate unchanged at 11.50 per cent on Monday, opting for a cautious pause in the final monetary policy review of the fiscal year as it weighs easing geopolitical tensions against lingering global oil price volatility.
The decision by the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) to maintain the policy rate for the next six…
TEHRAN: Iran said on Monday that a breakthrough tentative agreement with the United States includes a comprehensive ceasefire across all regional fronts, including Lebanon, ahead of a formal signing ceremony scheduled to take place in Switzerland on Friday.
Foreign Ministry Spokesman Esmaeil Bagaei told a news conference on Monday that "significant progress" had been achieved over the last 24…
ISLAMABAD: Finance Minister Muhammad Aurangzeb signaled on Monday a phased withdrawal of the controversial corporate "super tax," while expressing confidence that deep-seated economic reforms would drive further capital market growth in the coming fiscal year.
Speaking before the Senate Standing Committee on Finance, Aurangzeb emphasised that the government is committed to easing the tax burden…
The Pakistan Cricket Board (PCB) has approved a major overhaul of its central contracts system, introducing format-specific contracts and a data-driven evaluation process aimed at strengthening player development and protecting Test cricket.
The new structure was approved during a meeting chaired by PCB Chairman Mohsin Naqvi in Lahore.
Under the revised…
WEB DESK: The government of Balochistan is set to present its budget for fiscal year 2026-27 on June 17, with officials indicating that the financial plan will be surplus and tax-free, according to sources in the provincial finance department.
The budget, to be presented by Provincial Finance Minister Shoaib Nosherwani, is expected to reflect continued focus on fiscal stability and development…
Network Rail engineers conducting planned works outside of Purley in London found sinkholes on a bridge, which led to the temporary closure of all lines between Purley and East Croydon, leaving passengers unable to travel between London and Gatwick Airport.
The post Gatwick Airport rail closures after engineers discovered sinkholes on bridge appeared first on New Civil Engineer.
WEB DESK: Asian stock markets rallied sharply on Monday following the announcement of a framework agreement between the United States and Iran to end their conflict and reopen the Strait of Hormuz.
The pact, reached after weeks of back-channel diplomacy, is expected to immediately restore safe passage for oil tankers through the vital waterway.
Markets reacted with relief as the agreement…
KARACHI: Gold prices in Pakistan surged by nearly 2.5 per cent on Monday, tracking an aggressive rally in international bullion markets driven by shifting global dynamics following the announcement about a US-Iran peace accord.
In the local market, the price of 24-karat gold jumped by Rs10,800 ($39) per tola (11.66 grams) to hit a record high of Rs455,136 on the opening day of the business…
Infrastructure engineering firm Amey has secured two framework contracts for Network Rail’s Eastern Region known as ERAC (Eastern Region Assessment Contract),
The post Amey signs £40M Network Rail eastern region assessments contracts appeared first on New Civil Engineer.
Utility provider Southern Water has begun enhancement works on the River Anton along Western Avenue in Andover, Hampshire.
The post Southern Water begins River Anton enhancement project appeared first on New Civil Engineer.
WEB DESK: The Punjab government is set to present a Rs5.131tr budget for the upcoming fiscal year, with a strong emphasis on development spending, social welfare programmes and public services, according to budget proposals cited by official sources.
The provincial budget is expected to include a development outlay exceeding Rs1.562tr, while total provincial revenues are projected at…
WEB DESK: Deputy Prime Minister and Foreign Minister Ishaq Dar held a telephonic conversation with his Japanese counterpart, during which both sides welcomed the recent understanding reached between the United States and Iran, according to the Foreign Office spokesperson.
The two leaders expressed the view that the US–Iran understanding carries significant importance for regional stability and…
ISLAMABAD: Iranian Ambassador Dr Reza Amiri Moghaddam expressed gratitude for Islamabad's mediation and "sincere efforts" in helping achieve a ceasefire and subsequent peace framework with the United States.
"The government and people of Iran will always remember the sincere role played by Pakistan's parliament, government and military leadership in making this peace agreement possible," the…
ISLAMABAD: Lawmakers locked horns in a fiery National Assembly debate over the federal budget on Monday, exposing deep political and economic fractures as government defended strict stabilisation measures while opposition and coalition partners slammed the fiscal plan as a punishing "IMF budget" that ignores the poor.
Defending the government's financial trajectory, Pakistan Muslim League-Nawaz…
WEB DESK: Prime Minister Shehbaz Sharif, while addressing the National Assembly on Monday, said that the world had achieved a historic milestone for peace, adding that “the sun of peace has risen after the darkness of war”.
He said Iran and the United States had announced the permanent end of hostilities on all fronts, calling it a landmark development for global stability. The prime minister…
MONTERREY, Mexico: After a sluggish and stressful qualifying campaign that had fans sweating, Sweden kicked off their World Cup Group F campaign in the most explosive way possible, dismantling Tunisia 5-1 on Sunday.
It was a historic offensive clinic, marking the first time the Swedes have hung five goals in a World Cup match since they walloped Cuba 8-0 way back in 1938.
The undisputed star of…
ISLAMABAD: Former prime minister and Pakistan Tehreek-e-Insaf founder Imran Khan was briefly transferred from prison to a hospital in Islamabad overnight to receive an injection before being moved back to Adiala jail, his party said on Monday.
Khan, 74, has been incarcerated at the Adiala jail since late 2023, facing a slew of legal challenges that his party says are politically motivated to…
The Young Doctors Association (YDA) in Quetta has continued its protest and boycott of services at government hospitals following the acid attack on Dr Mahnoor Nasir at Quetta's Civil Hospital.
The boycott has entered its ninth day, with doctors refusing to provide routine medical services at Civil Hospital. However, emergency services remain operational.
Dr Mahnoor Nasir, a female doctor at…
ISLAMABAD: A video circulating on social media showed a physical altercation in Islamabad’s Sector F-10/1 in which multiple individuals, including women, were involved in a confrontation outside a residential property.
The footage showed two men and two women initially gathered near a house boundary wall, apparently attempting to open the main gate. The situation escalated when individuals from…
A Pakistan Air Force trainer aircraft crashed during a routine training sortie near Mardan on Sunday, resulting in the martyrdom of two pilots, according to the Inter-Services Public Relations (ISPR).
The deceased have been identified as Flight Lieutenant Muhammad Qasim Abdullah of the Pakistan Air Force and Lieutenant Taha Abbasi of the Pakistan Navy. A board of inquiry has been constituted by…
WEB DESK: Defence Minister Khawaja Muhammad Asif on Monday told the National Assembly that Pakistan was passing through “historic moments”, crediting what he described as restraint, wisdom and coordinated efforts by the country’s political and military leadership for ensuring a successful peace process.
He said the Prime Minister and the Field Marshal had worked “day and night” to achieve…
WEB DESK: A gas leak-triggered explosion at the hostel of Hayatabad Medical Complex (HMC) in Peshawar on Sunday left three people injured, hospital officials confirmed.
The incident caused panic in the hostel premises, prompting an immediate response from hospital administration and emergency teams.
The injured were shifted to the Burn and Plastic Surgery Centre for urgent medical…
ISLAMABAD: The Anti-Terrorism Court (ATC) in Islamabad on Monday heard the case related to the October 4 protest by the Pakistan Tehreek-e-Insaf (PTI), which resulted in the death of a police officer during clashes. During the hearing, the court issued arrest warrants for Chief Minister KP Sohail Afridi in connection with the case.
Proceedings were conducted by ATC Judge Tahir Abbas Supra.
The…
WEB DESK: Global financial markets rallied sharply on Monday after the United States and Iran confirmed a breakthrough agreement to end hostilities and reopen the strategic Strait of Hormuz, easing fears of major disruptions to global energy supplies.
The development triggered a broad “risk-on” sentiment across international markets, with investors responding positively to signs of de-escalation…
KARACHI: The death of an 18-year-old woman in Surjani Town, allegedly linked to domestic violence, has prompted investigators to seek exhumation of her body for a post-mortem examination, police and officials said on Sunday.
The case of Misbah, who was found dead earlier this week, has been registered as a murder investigation after initial findings suggested possible foul play. Police have…