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The Pakistan Stock Exchange (PSX) regained its bullish momentum on Friday, recovering from a three-day slump. The benchmark KSE-100 Index surged by 1,568 points, closing at 107,843 points, reclaiming the critical 107,000-point mark. The day witnessed significant volatility, with the index initially dipping by 674 points before rebounding into the positive zone. Market experts attributed the recovery to renewed investor confidence and positive sentiment after recent corrections. Earlier in the week, the PSX experienced notable turbulence, with the KSE-100 Index falling by 427 points on Thursday to close at 105,847 points. During trading that day, the market briefly rose by…

Renowned Indian playback singer Neha Kakkar has expressed her admiration for Pakistani fans and voiced her desire to collaborate with celebrated Pakistani artist Asim Azhar. Speaking at a press conference during the Indian Music Festival in Dubai, Neha shared her appreciation for the warmth and love she receives from Pakistan. “Our differences don’t make sense to me. Everyone I meet from Pakistan shows me so much love and positivity,” she remarked. Neha highlighted the unity between Indians and Pakistanis, emphasizing that “there’s no difference between Indians and Pakistanis. We are all alike”. She expressed hope for fostering greater mutual…

Interior Minister Mohsin Naqvi met with Khyber Pakhtunkhwa (KP) Chief Minister Ali Amin Gandapur at the Chief Minister’s Office on Friday to discuss the law and order situation in the province. The meeting particularly focused on measures to establish sustainable peace in the Kurram district. During the meeting, both leaders emphasized the importance of coordinated efforts to address the security challenges faced by the region. Naqvi assured Gandapur of the federal government’s full cooperation in enhancing the capacity of law enforcement agencies to tackle terrorism and maintain peace. “Establishing peace in Kurram is our top priority, and steps will be…

The coastal city of Gwadar will host the HBL Pakistan Super League (PSL) Player Draft on January 11, the Pakistan Cricket Board (PCB) announced. Highlighting the significance of this decision, PCB Chairman Mohsin Naqvi stated, “Hosting the HBL PSL Player Draft in Gwadar aims to showcase its cultural and economic importance.” PCB COO Salman Naseer added, “This initiative reflects our commitment to extending HBL PSL’s reach to every corner of Pakistan while presenting the country’s beauty to the world.” PSL Player Draft Ceremony in Gwadar The event’s start time will be shared closer to the scheduled date. The decision to…

The United States has said that its decision of imposing new sanctions related to nuclear-armed Pakistan’s long-range ballistic-missile program was not meant to “color the other areas of cooperation” between the two countries. During a press briefing, United States Principal Deputy Spokesperson Vedant Patel said that the US is committed to maintaining the global nonproliferation regime, and Pakistan is an important partner in that. “However, we have been clear and consistent about our concerns with Pakistan’s long-range ballistic missile program. It is longstanding US policy to deny support to Pakistan’s long-range ballistic missile program,’’ he said. On Wednesday, the US said it was…

The inaugural China-Pakistan Technical and Vocational Education and Training (TVET) Forum, themed “Fostering a Skilled Workforce: Forging a Brighter Future,” was held in Beijing as a pioneering initiative to enhance bilateral cooperation in education and human resource development. Hosted by the Pakistan Embassy, the event brought together policymakers, government officials, TVET providers, enterprise representatives, and technical institute leaders from China. The forum also witnessed the signing of multiple Memoranda of Understanding to advance technical and vocational training in Pakistan.

Pakistan’s Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal, celebrated the enduring “iron brother” relationship between Pakistan and China, describing it as a garden in perpetual spring. Speaking to China Economic Net, he highlighted the transformative impact of the China-Pakistan Economic Corridor (CPEC) in its first decade, including energy advancements, digital infrastructure, and modern connectivity. As CPEC enters its second phase, the focus will shift to high-quality modernization, with key priorities in technology, sustainability, and regional cooperation. Iqbal emphasized Pakistan’s commitment to safeguarding Chinese projects and fostering technological and trade collaborations, particularly in agriculture and IT, while underscoring the…

Minister for Planning and Development Ahsan Iqbal emphasized Pakistan and China’s commitment to elevating the China-Pakistan Economic Corridor (CPEC) into a model of high-quality development. Speaking at a high-level workshop in Beijing, he highlighted CPEC’s transformative impact over the past decade, including the addition of 8,904 MW of power, 888 kilometers of completed highways, and the development of Gwadar as a smart port city. He underscored the role of digital connectivity, with fiber optic infrastructure enabling Pakistan’s digital transformation, and noted the creation of over 200,000 jobs through CPEC projects. Looking ahead, he stressed expanding collaboration in technology, green development,…

German Chancellor Olaf Scholz on Thursday urged the European Union (EU) to quickly reach a deal with China on the tariff dispute over electric vehicles (EVs). “It makes no sense to have conflicts about this. Therefore, I appeal to everyone to bring these negotiations to a good result now,” said the German chancellor upon arriving at the European Council summit. China hopes that the EU will take concrete steps as soon as possible to jointly advance consultations on a price commitment plan for Chinese EVs, the Ministry of Commerce said on Thursday. China always stands for the resolution of trade…

China’s one-year loan prime rate (LPR), a market-based lending rate, came in at 3.1 percent on Friday, remaining unchanged from November. The over-five-year LPR, on which many lenders base their mortgage rates, also remained unchanged at 3.6 percent from the previous reading, according to the National Interbank Funding Center. The monthly-released data serves as a pricing reference for banks and is based on rates of the People’s Bank of China’s (PBOC) open market operations. Earlier this month, Chinese leaders pledged at top economic agenda-setting meetings to ramp up monetary easing measures, including implementing interest rate reductions, to support the Chinese…