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The Pakistan Stock Exchange (PSX) started Tuesday’s session on a bullish note, as the benchmark KSE-100 index surged nearly 800 points in early trading following the central bank’s unexpected decision to cut the policy rate by 100 basis points. By 10:15am, the index stood at 114,869.36, reflecting an increase of 767.13 points or 0.67 per cent. Investor sentiment improved sharply after the State Bank of Pakistan’s Monetary Policy Committee (MPC) reduced the policy rate to 11 per cent on Monday. The cut was larger than expected, as most market participants had anticipated a 50 basis point reduction. Buying activity was…

Ukraine launched a fresh wave of overnight drone attacks targeting Moscow for a second consecutive night, forcing the temporary closure of the Russian capital’s major airports, Russian authorities said on Tuesday. According to Rosaviatsia, Russia’s aviation watchdog, all four of Moscow’s main airports — Sheremetyevo, Domodedovo, Vnukovo, and Zhukovsky — were shut down for several hours due to security concerns but resumed operations later. Moscow Mayor Sergei Sobyanin stated on social media that air defence systems had intercepted at least 19 Ukrainian drones approaching the city from multiple directions. He confirmed that fragments of intercepted drones fell on a key…

The Trump administration has formally barred Harvard University from receiving any future federal research grants, intensifying an already fraught dispute over allegations of anti-Semitism and what officials describe as a broader failure to uphold academic standards. In a letter sent to the university on Monday, US Education Secretary Linda McMahon declared that Harvard would “cease to be a publicly funded institution,” urging it instead to rely on its substantial endowment and alumni contributions. The decision follows last month’s freeze of approximately $2.3 billion in federal funding, a move widely criticised in academic and legal circles. “Harvard has made a mockery…

Pakistan’s Permanent Representative to the United Nations, Asim Iftikhar, voiced strong concerns over India’s recent actions during an in-camera session of the UN Security Council convened at Pakistan’s request. During the closed-door briefing, attended by the 15-member council including five permanent members, Asim Iftikhar highlighted a range of pressing issues, particularly the deteriorating situation in Indian-occupied Kashmir and the alleged unilateral actions by New Delhi that threaten regional stability. Kashmir at the heart of dispute Calling Kashmir the “core dispute between Pakistan and India,” Iftikhar emphasized that the issue remains unresolved even after more than 70 years. “The Kashmiri people…

Major tourism platforms in China have integrated AI technologies, while various provinces and cities have launched AI tourism service platforms with unique features. On some popular tourism platforms, tourists can give simple instructions, such as inquiries about must-visit attractions for a three-day stay in Shanghai or requests for a 15-day trip to Canada with a preference for natural landscapes. AI typically provides corresponding advice within minutes. Participants experience the use of AI suitcase at a venue for Expo 2025 Osaka, Japan, April 14, 2025. /VCG Liang Jianzhang, chairman of Trip.com Group, said the company’s large model has provided users with…

The 137th China Import and Export Fair, also known as the Canton Fair, concluded on Monday in south China’s Guangdong Province, with organizers announcing the participation of over 288,000 overseas buyers. This was a 17.3-percent increase from the previous session and hit a new high. There were 171,750 first-time attendees. Purchasers from countries participating in Belt and Road cooperation totaled 187,450, up 17.4 percent year on year and representing 64.9 percent of all overseas buyers. The event also attracted over 527,000 online buyers from 229 countries and regions around the world. A total of 4.55 million exhibits were showcased, including…

Facing a torrent of global challenges, China and Russia, two of the world’s major powers, are strengthening their strategic partnership to help stabilize a turbulent world. This year marks the 80th anniversary of the victory in the Chinese People’s War of Resistance Against Japanese Aggression, the Great Patriotic War and the World Anti-Fascist War. As the main theaters in Asia and Europe during World War II, China and Russia made immense sacrifices and historic contributions to secure victory in the World Anti-Fascist War, preserve their nations and safeguard the future of humanity. The two countries have agreed to jointly commemorate…

ISLAMABAD (DI News) : Since its establishment, the Sahiwal Coal Power Plant, a flagship project under the China-Pakistan Economic Corridor (CPEC), operated by the China Huaneng Group has not only played a vital role in addressing Pakistan’s energy crisis but has also become a pillar of economic development, employment generation and environmental responsibility. Pakistan has long grappled with energy shortages, hindering its economic growth and development. Recognizing the urgency to bridge this gap, the Sahiwal Coal Power Plant emerged as a vital solution. With a staggering capacity of 1,320 megawatts, generated from two 660 MW units, the plant serves as…

Pakistan carried out a successful training launch of a Fatah series surface-to-surface missile with a range of 120 kilometres as part of the ongoing military exercise, Indus, the military’s media wing said on Monday. This is the second missile launched by the military in as many days amid heightened tensions with India, following New Delhi’s sweeping actions against Pakistan after the Pahalgam incident, which has plunged bilateral relations to a new low. The purpose of the launch was to ensure the operational readiness of troops and validate critical technical parameters, including the missile’s advanced navigation system and improved accuracy, the…

ISLAMABAD : Ambassador of the People’s Republic of China in Pakistan Jiang Zaidong on Monday called on President Asif Ali Zardari here. In the meeting, they discussed matters of bilateral importance, with a particular focus on the ongoing situation between Pakistan and India in the aftermath of the Pahalgam incident. President Zardari expressed concern over the recent irresponsible and aggressive rhetoric by the Indian government, saying that such actions threaten regional peace and stability. The Chinese ambassador reaffirmed the enduring and time-tested friendship between China and Pakistan, describing the relationship as one of “ironclad brothers” who have always supported each…