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The Pakistan Stock Exchange (PSX) witnessed a historic surge on Thursday, with the benchmark KSE-100 index breaching the 140,000-point mark for the first time in its history, closing at 140,077 points. The rally came despite the State Bank of Pakistan’s (SBP) decision to maintain interest rates in its latest monetary policy announcement. The index surged by 1,650 points during intra-day trading, restoring two key psychological levels — 139,000 and 140,000 — simultaneously. Market sentiment appeared to be largely driven by news of a trade agreement between Pakistan and the United States, which analysts believe could pave the way for fresh…

Prime Minister Shehbaz Sharif on Thursday expressed his “profound thanks” to former US President Donald Trump for his role in finalising a landmark trade agreement between Pakistan and the United States, calling it a “historic” moment in the bilateral relationship. Taking to X (formerly Twitter), the prime minister wrote: “I wish to convey my profound thanks to President Trump [@realDonaldTrump] for his leadership role in finalization of the historic US-Pakistan trade agreement, successfully concluded by our two sides in Washington, last night. This landmark deal will enhance our growing cooperation so as to expand the frontiers of our enduring partnership…

The withdrawal of India Champions from semi-final clash led Pakistan Champions’ advancement to the World Championship of Legends (WCL) 2025 final, the tournament organisers confirmed on Wednesday. The defending champions, who pulled out of their high-octane against Pakistan Champions earlier in the tournament, earned a miraculous qualification into the semi-finals by comprehensively defeating West Indies Champions which powered them past England Champions due to a superior net run rate. India Champions, as a result, finished fourth in the standings, setting up a blockbuster semi-final with arch-rivals Pakistan Champions, who finished at the top of the standings with nine points in…

A US Navy F-35C fighter jet crashed near Naval Air Station (NAS) Lemoore in central California on Wednesday evening, the Navy confirmed in a statement. The pilot ejected safely, and no other injuries were reported. The crash occurred at approximately 6:30pm local time in flat, open farmland about 40 miles (64 kilometres) southwest of Fresno, the statement added. A video aired by CNN affiliate KFSN showed large plumes of black smoke and fire billowing from the crash site, which was located in the vicinity of the airbase. Emergency services, including a local EMS crew and units from Cal Fire, responded…

Actors Tom Cruise and Ana de Armas have once again stirred speculation about a possible romantic connection after being spotted together in Vermont, where the Knives Out actress reportedly hosted the Mission: Impossible star during a quiet retreat. According to People magazine, the duo—rumoured to have grown close since February this year—were seen enjoying each other’s company during their recent visit to the northeastern U.S. state. “Ana loves Vermont. It’s her place to rest and recharge,” a source told the outlet. “She was excited to host Tom and show him around. She took him to all her favorite spots.” The pair also stopped by the popular…

Pakistan and the United States have successfully concluded a significant trade agreement aimed at reducing tariffs, enhancing market access, and fostering bilateral economic cooperation, officials confirmed on Thursday. The announcement was made following a high-level meeting between Pakistan’s Finance Minister Senator Muhammad Aurangzeb and US Secretary of Commerce Howard Lutnick. The meeting was also attended by US Trade Representative Jamieson Greer. The development was earlier confirmed by US President Donald Trump in a post on his social media platform, Truth Social, where he stated that the agreement marked the beginning of a new phase in US-Pakistan economic relations. “We have…

A legal row has erupted in the Pakistani entertainment industry after actress Alizeh Shah served a defamation notice to fellow actress Minsa Malik, accusing her of character assassination, spreading false allegations and attempting to damage her public image. In a legal notice, Alizeh Shah has demanded a public apology from Minsa Malik within 48 hours, alleging that Malik made “false, baseless, and malicious” claims that have damaged her public reputation and mental wellbeing. The actress also shared photographs of the legal notice on her verified Instagram account, confirming legal action had been initiated. The notice further claims that Malik attempted…

Pakistan on Thursday successfully launched a state-of-the-art remote sensing satellite into orbit from China’s Xichang Satellite Launch Centre. The launch took place at 7:38am Pakistan Standard Time, in the presence of senior officials from the Space and Upper Atmosphere Research Commission (SUPARCO). The event was broadcast live from SUPARCO’s headquarters in Karachi, underscoring the national significance of the occasion. According to officials, the satellite is equipped with advanced electro-optical and hyperspectral sensors capable of providing real-time data for a range of applications including disaster prediction, agricultural assessment, environmental monitoring, and urban development. “This is a landmark achievement in Pakistan’s space…

Canadian Prime Minister Mark Carney on Wednesday announced that Canada will formally recognise the State of Palestine in September, joining the United Kingdom and France in pushing for a two-state solution amid the ongoing war in Gaza. Speaking at a news conference in Ottawa, Carney said the recognition would be conditional on democratic reforms by the Palestinian Authority, including the holding of national elections that exclude the participation of Hamas. “The level of human suffering in Gaza is intolerable and it is rapidly deteriorating,” the Canadian premier said, referencing the ongoing humanitarian crisis in the besieged territory. “The prospect of…

US President Donald Trump announced on Wednesday that his administration has finalized a trade agreement with Pakistan, which includes plans for joint development of the country’s “massive” oil reserves. “We are in the process of choosing the Oil Company that will lead this Partnership. Who knows, maybe they’ll be selling Oil to India some day!,” Trump said in a post on his social media platform, Truth Social. While specific details of the Pakistan deal were not immediately released, Trump said the White House is actively engaged in trade discussions with several countries, including South Korea. He confirmed a meeting with…