Author: admin

The Pakistan Stock Exchange (PSX) witnessed a strong rebound on Friday, with the benchmark KSE-100 Index gaining more than 2,800 points in early trading, driven by optimism over easing geopolitical tensions and positive cues from international markets. By 10:45am, the index had surged to 114,183.67 — an increase of 2,857.10 points or 2.57 per cent — marking one of the strongest single-day recoveries in recent weeks. Widespread buying activity was observed across major sectors including automobile assemblers, cement, chemicals, commercial banks, oil and gas exploration companies, oil marketing companies, power generation, and refineries. Index-heavy stocks such as OGDC, PPL, PSO,…

Pakistan’s Permanent Representative to the United Nations Ambassador Asim Iftikhar met with UN Secretary-General Antonio Guterres to discuss the escalating tensions in South Asia, particularly between Pakistan and India. During the meeting held at the UN headquarters, Ambassador Iftikhar conveyed Islamabad’s concerns over the deteriorating regional situation and reiterated Pakistan’s commitment to peace and stability in South Asia. According to a statement issued by Pakistan’s Mission to the UN, the two sides held an in-depth discussion on the current geopolitical climate in the region. The ambassador highlighted what he described as “extremely provocative and irresponsible actions” by India, which he…

The United States called on both India and Pakistan to demonstrate responsibility and seek peaceful, long-term solutions to their growing tensions in the aftermath of the recent violence in Pahalgam. Addressing a press briefing, US State Department spokesperson Tammy Bruce stressed the importance of regional stability and urged both nations to pursue diplomatic avenues to resolve their differences. “We are in close contact with both governments at multiple levels and are monitoring the situation closely,” Bruce said. The comments come in the wake of escalating hostilities following the alleged killing of 26 tourists in the Muslim-majority region of Pahalgam in…

Apple Inc. has announced a significant shift in its production strategy, revealing that most iPhones and other devices destined for the US market will no longer be manufactured in China. Instead, India and Vietnam will become the primary manufacturing hubs for iPhones and other key Apple products such as iPads and Apple Watches. The move comes as the US tech giant faces mounting cost pressures stemming from tariffs imposed under former President Donald Trump’s trade policies. Despite exemptions granted to certain electronics, Apple estimates that import duties could still add nearly $900 million to its costs in the current quarter…

Prime Minister Shehbaz Sharif thanked Chinese Premier Li Qiang for supporting Pakistan’s call for a credible international investigation into the April 22 attack in Indian Illegally Occupied Jammu and Kashmir (IIOJK), which killed 26 people. During a meeting with Chinese Ambassador Jiang Zaidong, he appreciated China’s consistent backing amid regional tensions and reiterated Pakistan’s condemnation of terrorism. Sharif criticized India’s aggressive posture, warning it could undermine Pakistan’s counterterrorism efforts, and condemned India’s alleged “water aggression” as a violation of the Indus Waters Treaty. He emphasized that resolving the Kashmir dispute is vital for lasting peace in South Asia. Ambassador Jiang…

China on Friday said it is assessing recent overtures from the United States to resume negotiations over the ongoing tariff dispute, even as it reiterated its readiness to “fight to the end” if talks fail to materialise. The Chinese Ministry of Commerce confirmed that Washington had “recently, through relevant channels, actively conveyed messages to China, expressing a desire to engage in talks,” adding that Beijing is “currently evaluating this.” The development follows reports in Chinese state media earlier this week that the Trump administration had reached out through multiple diplomatic channels to revive dialogue over the sweeping tariffs imposed by…

Ready to light up your May Day holiday. An international light and shadow show is coming to Shanghai this holiday! From May 1 to 11, two of the hottest spots in Jing’an District – the Jing’an Temple area and Suhewan riverside – will be set aglow every night from 6 p.m. to 10 p.m. Think bold visuals, creative energy and a lineup of global artists, electronic music producers and young Chinese talents – all adding their own sparkle to Shanghai’s dynamic city nights.

China’s operational nuclear power installed capacity and those under construction had exceeded 120 million kilowatts, an official with the National Energy Administration (NEA) said. China’s nuclear power development has always adhered to the principle of “safety first,” and the country has become one of the few in the world to possess a complete nuclear power industrial system, said Zhang Xing, an official with the NEA, adding that the technological level and comprehensive capabilities of China’s nuclear power sector have now entered the world’s advanced ranks. In 2024, China’s nuclear power generation reached 450.9 billion kilowatt-hours, marking a 3.7 percent year-on-year…

The Chinese Ministry of Commerce said on Friday it is evaluating possible trade talks with the U.S. following repeated comments by senior U.S. officials expressing a willingness to negotiate. The ministry made the comment in a statement in response to a media query, adding that the U.S. has recently conveyed messages to China through various channels, expressing a desire to engage in dialogue. China is currently evaluating the situation. China’s position is consistent and clear: We will fight, if fight we must. Our doors are open, if the U.S. wants to talk, the ministry reiterated. It continued, saying that the…

As regional tensions with India remain high, the Pakistan Army continued its full-scale war exercises on Thursday, demonstrating modern military capabilities in line with strategic war planning, according to security sources. The exercises involve live demonstrations of modern weaponry and combat techniques. Sources said both officers and soldiers showcased their professional skills to the fullest during the exercises. The objective, they added, of the military exercises is to deliver a robust and crushing response to any aggression by the enemy. The exercises come a day after Pakistani forces destroyed an Indian checkpost in response to unprovoked small-arms fire from across…