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Buying momentum continued at the Pakistan Stock Exchange (PSX) on Friday as investors celebrated the reduction in US reciprocal tariffs on Pakistan, with the benchmark KSE-100 Index gaining over 200 points during early trading. At 10:15am, the benchmark index was hovering at 139,605.26 level, an increase of 214.84 points or 0.15%. Buying was observed in key sectors including cement, commercial banks, fertiliser, oil and gas exploration companies and OMCs. Index-heavy stocks, including MARI, OGDC, SNGPL, SSGC and FFC traded in the green. In a key development, the US administration imposed a 19% reciprocal tariff on a wide range of Pakistani goods,…

The US administration has imposed a 19% reciprocal tariff on a wide range of Pakistani goods, significantly lower than the initially proposed 29%, under a sweeping new executive order signed by President Donald Trump on Thursday. Trump announced new tariffs of up to 41% on goods imported from dozens of countries, including Pakistan, citing persistent trade imbalances and a lack of reciprocity in bilateral trade relationships. “Conditions reflected in large and persistent annual US goods trade deficits constitute an unusual and extraordinary threat to the national security and economy of the United States,” the executive order states. Pakistan’s revised tariff…

WASHINGTON/TORONTO: US President Donald Trump on Thursday signed an executive order increasing tariffs on Canadian goods to 35% from 25% on all products not covered by the U.S.-Mexico-Canada trade agreement, the White House said. Goods transshipped to another country to evade the new tariffs would be subject to a transshipment levy of 40%, according to a White House fact sheet. The move – which Washington linked in part to what it said was Canada’s failure to stop fentanyl smuggling – is the latest blow in a months-long tariff war which Trump initiated shortly after taking power. The announcement blaming Canada’s…

WASHINGTON: President Donald Trump signed an executive order on Thursday imposing reciprocal tariffs ranging from 10% to 41% on U.S. imports from dozens of countries and foreign locations. Rates were set, opens new tab at 25% for India’s U.S.-bound exports, 20% for Taiwan’s and 30% for South Africa’s.

Saim Ayub’s composed all-round display, backed by a decisive bowling spell from Mohammad Nawaz, helped Pakistan secure a 14-run victory over the West Indies in the opening T20I series match at Central Broward Regional Park in Florida on Friday. Chasing a challenging target of 179, the West Indies were restricted to 164-7 despite a promising start from their openers. Debutant Jewel Andrew and Johnson Charles came out all guns blazing, reaching 47 without loss by the end of the powerplay. The duo stitched together a 72-run stand and brought up their fifty partnership in the seventh over, showcasing a composed…

A group of researchers has warned that an excessive focus on healthy eating may lead to eating disorders and mental health conditions. With growing interest in restrictive dietary regimes in recent years, academics have expressed concern that these habits may result in nutritional deficiencies and psychological distress. According to The Telegraph, Semmelweis University in Hungary conducted a survey of 179 fashion models, revealing that more than one-third exhibited signs of orthorexia—a disorder associated with an unhealthy fixation on consuming ‘clean’ or ‘healthy’ food. Warning signs of the condition include rigid adherence to dietary rules and the avoidance of significant social or…

LONDON: England gained the upper hand after a rain-hit first day of the final Test against India at The Oval on Thursday as the tourists, needing victory to square the series, battled to 204-6, with all their big guns dismissed cheaply. England had to work hard for their breakthroughs and will be delighted to have got rid of KL Rahul, Ravindra Jadeja and Shubman Gill, the men who have tormented them throughout the summer, though captain Gill gifted his wicket with a suicidal run-out. Even though there are four days remaining, India’s chances of fighting their way into a position…

Lionel Messi assisted on both Inter Miami goals, including the winner in second-half stoppage time, as the Herons defeated Atlas 2-1 on Wednesday in Fort Lauderdale, Fla., during a group-stage opener in the Leagues Cup. In the sixth minute of added time, Messi squared a pass across the 6-yard box for Marcelo Weigandt to tap in for the decisive goal. Jose Lozano had pulled Atlas level in the 80th minute, firing in a left-footed shot from close range after a scramble in front of the Inter Miami net. Miami’s first goal, in the 57th minute, was strikingly similar to the…

OpenAI has announced plans to establish its first European data centre, Stargate Norway, in partnership with the British cloud infrastructure provider Nscale and Norwegian energy company Aker. According to TechCrunch, the site will be developed as a 50:50 joint venture between Nscale and Aker, with Nscale responsible for its design and construction. OpenAI will act as an off-taker, purchasing computing capacity from the facility. The initiative forms part of a broader effort across Europe to strengthen AI sovereignty and increase investment in domestic data infrastructure. Earlier this week, the European Union outlined a significant funding package aimed at enhancing AI capability,…

Friday marks the 98th anniversary of the founding of the Chinese People’s Liberation Army (PLA). Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, has emphasized strengthening the country’s military on many occasions. Here are some highlights of his remarks about China’s military.