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Pakistan Stock Exchange (PSX) reached a new milestone on Thursday as trading opened with a sharp rise, pushing the benchmark index past the 134,000-point mark. The market began the day with a gain of 348 points. According to stock analysts, a result season rally has kicked off, boosting investor confidence. United Bank Limited (UBL) is set to announce its half-yearly financial results Friday, Investors are expecting earnings of Rs13 per share along with a dividend of Rs5.50 per share. Analysts say strong financial expectations and optimistic market sentiment are driving the index to new highs.

Balochistan Chief Minister Mir Sarfraz Bugti has condemned the brutal killing of nine passengers who were abducted from buses traveling to Punjab, calling the terrorists cowardly beasts. In his statement on the tragic incident, Bugti said the killing of innocent people based on their Pakistani identity is an unforgivable crime. He vowed that the blood of the innocent will not go in vain and declared, “This is a war of the state, and it will be fought with a clear and decisive stance.” Bugti further stated that all terrorist networks linked to the Indian-backed chaos will be dismantled.

In a late-night development, the Karachi Chamber of Commerce and Industry (KCCI) announced a nationwide shutter-down strike to be held on Saturday, July 19. The strike has been announced in protest against a series of newly introduced tax measures deemed anti-business by the country’s business community. According to a formal announcement, the Karachi chamber — along with other major chambers of commerce across Pakistan — will fully participate in the strike. The protest is aimed at resisting what the business community calls draconian laws, including the controversial Rs200,000 threshold regulation, the Federal Board of Revenue’s (FBR) arrest powers, mandatory digital…

Amanda Anisimova tore up the script and soared into her maiden Wimbledon final by outclassing world number one Aryna Sabalenka with fierce determination and fearless shot-making on Thursday and will meet Iga Swiatek for a shot at Grand Slam glory. Anisimova’s 6-4 4-6 6-4 victory extended her record over her equally powerful rival to 6-3, and kept alive American dreams of a third women’s Grand Slam champion this year after Madison Keys won the Australian Open and Coco Gauff won the French Open. Standing in her way will be five-times major winner Swiatek, who continued her new-found love affair with…

Nine passengers, all belonging to Punjab, were brutally shot dead after being abducted by terrorists affiliated with Fitna-ul-Hindustan in the Loralai district, officials confirmed on Thursday. According to Loralai Commissioner Saadat Hussain, the incident occurred near the Dakai intersection on the National Highway connecting Loralai and Musakhel. The victims were kidnapped after disembarking from a passenger bus. “Armed assailants intercepted the passengers, separated them based on identity, and took them away. Their bodies have now been recovered,” the commissioner told reporters. Two of the passengers were identified as brothers Usman Toor and Jabir Toor, reisdents of Dunyapur. They reportedly lived…

The family of late actress and model Humaira Asghar has finally arrived in Karachi to collect her body, days after it was discovered decomposed in her apartment and remained unclaimed in cold storage. The family’s arrival comes amid widespread media coverage and public criticism over the lack of response from her relatives. Speaking to the media outside the SSP South office, Humaira’s brother Naveed Asghar clarified that contrary to reports, the family had not severed ties with the actress and had remained in contact with both police and the Chhipa Welfare Association during the past three days. “There was a…

The federal government has approved a tax exemption on the import of 500,000 tonnes of sugar, following a record surge in sugar prices. According to details, the Federal Board of Revenue (FBR) has issued a notification granting tax relief to the private sector on sugar imported up until 30 September 2025. According to the notification, the sales tax on imported sugar has been reduced from 18% to 0.25%, while the 3% value-added tax has also been waived. This decision came after the large-scale export of sugar, which led to a rise in domestic prices. The government was now attempting to…

U.S. President Donald Trump ramped up his tariff assault on Canada on Thursday, saying the U.S. would impose a 35% tariff on imports next month and planned to impose blanket tariffs of 15% or 20% on most other trading partners. In a letter released on his social media platform, Trump told Canadian Prime Minister Mark Carney the new rate would go into effect on August 1 and would go up if Canada retaliated. In a post on X late on Thursday, Carney said his government will continue to defend Canadian workers and businesses in their negotiations with the U.S. as…

The Chinese Ministry of Finance  expounded on the measures China has taken against medical devices imported from the European Union (EU) through government procurement projects. The ministry said in a notice on Sunday that when a purchaser buys medical devices with a budget of over 45 million yuan (about $6.29 million), if it is necessary to purchase imported products – after going through relevant legal procedures – the participation of EU enterprises (excluding EU-funded enterprises in China) should be excluded. On Thursday, when answering a question about the budget threshold of 45 million yuan, the ministry said that if a…

Chinese Vice Premier Ding Xuexiang met with former U.S. Treasury Secretary Henry Paulson in Beijing. Ding, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, said that strengthening cooperation between China and the United States based on the principles of mutual respect, peaceful coexistence and win-win cooperation is conducive to sound, sustained development of China-U.S. relations, which can benefit both countries and the world. Stressing that China represents a major factor of certainty in today’s turbulent world, Ding expressed the hope that the United States will view China’s development objectively,…