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The Pakistan Stock Exchange (PSX) rebounded strongly on Thursday with the benchmark KSE-100 Index surging by nearly 1,800 points during early morning trade, recovering a portion of the steep losses it suffered a day earlier. At 9:35am, the KSE-100 was recorded at 111,791.53 points, up by 1,782.51 points or 1.62 per cent, reflecting across-the-board buying amid cautious optimism in the market. The upward trajectory came following hopes of de-escalation in the ongoing military tensions between Pakistan and India. The positive sentiment marked a turnaround from Wednesday’s bloodbath, where the index had plunged over 3,500 points, closing at 110,009.02. Key sectors…

A fresh wave of suspected Indian drone on Thurday incursions has raised alarm across multiple Pakistani cities, with one civilian confirmed dead and several other incidents reported over the last 48 hours. Pakistan’s air defense systems have successfully intercepted several drones attempting to enter or operate within sensitive regions, further heightening tensions along the India-Pakistan border. Lahore In Lahore, Pakistani forces shot down a drone early this morning as it flew over the Old Walton Airport. Sources indicate the drone was likely operated from across the border, used for reconnaissance of high-value sites. The drone exploded upon impact, though no…

In separate incidents in Gujranwala, Gujrat, and Chakwal authorities have recovered Indian drone wreckage. In Gujranwala, Pakistan’s air defense system shot down an Indian drone in the early hours of the morning, with the wreckage found in Solkhanabad. The fragments have been transferred to a laboratory for examination. Meanwhile, in Gujarat’s Pir Jand suburb, explosions were heard late at night, with local law enforcement discovering four pieces of a drone scattered across the area. One drone piece crashed through the ceiling of a home belonging to a local resident named Nawaz. No injuries have been reported in either incident, but…

Iranian Foreign Minister Abbas Araqchi arrived in the Indian capital on Thursday for a crucial visit aimed at addressing the ongoing tensions between India and Pakistan. Araqchi, who earlier visited Pakistan this week, is scheduled to meet with his Indian counterpart, Dr. S. Jaishankar, to discuss a range of issues, including regional stability and bilateral ties. During his brief stay in Islamabad earlier this week, Araqchi urged both Pakistan and India to exercise restraint, amid escalating concerns over a deadly attack in the disputed Kashmir region. The attack, which occurred last month, has sparked a sharp exchange of accusations between…

The Pakistan Meteorological Department (PMD) has forecast widespread rain, windstorms, and isolated hailstorms across the country from May 8 to 12. According to an advisory issued on Wednesday, the system is expected to initially affect the upper and central parts of the country before spreading towards the southern regions. The PMD has warned of possible heavy downpours and hailstorms in isolated areas and advised local authorities to remain vigilant. In its statement, the PMD cautioned that strong winds and hail could pose risks to infrastructure, including power lines, trees, and solar panels. Farmers, particularly in wheat-growing regions, have been urged…

Some of the country’s major airports, Lahore, Islamabad, Karachi and Sialkot, have been temporarily closed for commercial flights due to prevailing regional tensions, according to airport sources. Flight operations at these airports will remain suspended, as per a fresh Notam issued by the airports authority. The closure of airpsace in these four cities, which began early Thursday morning, is expected to remain in effect until 12 noon today. According to a fresh Notice to Airmen (Notam) issued, the Lahore, Sialkot, Islamabad and Karachi air routes will remain closed till Thursday noon for operational reasons. “Several air routes within Lahore, Karachi,…

Chinese Vice Premier He Lifeng met with Majed Al Romaithi, chairman of the Management Committee of the Abu Dhabi Investment Authority (ADIA) of the United Arab Emirates, in Beijing on Wednesday. He, also a member of the Political Bureau of the Communist Party of China Central Committee, said that China’s economy got off to a good start this year, with solid progress in high-quality development and continued improvements in social confidence and expectations. China is continuing to deepen its reform comprehensively and making efforts to promote high-level opening up in various fields, such as finance, He noted, adding that China…

China’s State Council Information Office (SCIO) is holding a press conference on Thursday, focusing on the country’s private sector promotion law. Vice Minister of Justice Wang Zhenjiang and officials from the Legislative Affairs Commission of the Standing Committee of the National People’s Congress, the National Development and Reform Commission, the National Financial Regulatory Administration and the All-China Federation of Industry and Commerce are meeting the press and taking questions.

The Chinese Embassy in the United States reiterated that the upcoming China-U.S. economic and trade meeting in Switzerland is held at the request of the U.S. side, stressing that China will not sacrifice its principles to reach any agreement. “The U.S. has actively conveyed information through various channels to China recently, hoping to discuss issues such as tariffs,” a spokesperson for the embassy said. “After carefully evaluating the information, China agreed to engage in talks with the U.S. The talks were at the request of the U.S.,” the spokesperson stated. The embassy voiced strong opposition to U.S. tariffs, stating that…

Chinese President Xi Jinping arrived in Moscow on Wednesday for a state visit to Russia and to attend the celebrations marking the 80th anniversary of the victory of the Soviet Union’s Great Patriotic War at the invitation of Russian President Vladimir Putin. Xi was warmly greeted by Russian Deputy Prime Minister Tatyana Golikova and other officials at the Vnukovo Airport in Moscow.