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Massive buying was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 4,400 points during the opening minutes of trading on Monday, as investors rejoiced over the peace deal between the United States and Iran. At 9:35am, the benchmark index was hovering at 176,767.01, up by 4,367.11 points or 2.53%. Across-the-board buying was seen in key sectors, including commercial banks, fertiliser, cement, oil and gas exploration companies, OMCs and refinery. Index-heavy stocks, including DGKC, LUCK, HBL, MCB, MEBL, MARI, OGDC, PPL, POL and HUBCO, traded in the green. During the previous week, the benchmark KSE-100…

Twenty people were ‌injured and the Kyiv Pechersk Lavra monastery, a symbol of Ukrainian spiritual and cultural history, caught fire following a major Russian air attack on the Ukrainian capital, authorities said on Monday, urging residents to take shelter. The attack damaged electricity lines and left 140,000 Kyiv residents without power, Mayor Vitali Klitschko said on the Telegram messaging app, adding that ​some houses and cars caught fire after being hit by drone debris. The central Kyiv Pechersk Lavra monastery, a UNESCO World Heritage site founded ​in 1051, was seriously damaged in a direct attack, Tymur Tkachenko, the head of…

Artificial intelligence (AI) has become increasingly capable of generating text, images and video. But can AI understand how the physical world works? Researchers at the Beijing Academy of Artificial Intelligence (BAAI) believe that may be one of the next major frontiers in AI development. At the 8th Beijing Academy of AI Conference launched on Friday, BAAI unveiled Physis-v0.1, which it describes as the world’s first general world foundation model. Unlike large language models that primarily learn patterns from text, world models are designed to learn and predict how the real world behaves. Researchers say such systems could help AI applications…

The China AI Entrepreneurs Conference and the launch ceremony for the second season of “Win in AI+” took place on Saturday in Hangzhou City, east China’s Zhejiang Province, gathering 120 AI innovators, leading academics and top investors. The event aims to discover the next startup powerhouse in China’s AI industry, responding to the national “AI+” action plan outlined in the 15th Five-Year Plan. The first season of “Win in AI+” facilitated 17 investment intention agreements, with a total value exceeding 500 million yuan (approximately $69.6 million), according to China Media Group (CMG). The final investment volume is expected to surpass…

Chinese Foreign Minister Wang Yi, also a member of the Political Bureau of the Communist Party of China Central Committee, said on Saturday that his talks with Mongolian Foreign Minister Batmunkh Battsetseg had yielded a broad consensus on bilateral relations and regional cooperation. Both sides agreed that, amid a turbulent international environment and increasingly complex global challenges, China and Mongolia should stand together through thick and thin and continue working toward building a China-Mongolia community with a shared future characterized by peaceful coexistence, mutual support, and win-win cooperation, Wang told reporters in a joint press conference with Battsetseg. The two…

The Hong Kong-registered vessel “Xin Hai Tong 801,” owned by Fujian Highton Development Co., Ltd., was on a routine voyage on June 8 when it received a distress notice from the Egyptian Search and Rescue Center (ESARC), the ministry said on its official WeChat account. At 19:50 local time on June 8, the center received a report that an inflatable liferaft carrying 41 people was in distress in the Mediterranean Sea. The people had been adrift for nearly five days without adequate food or drinking water, and the liferaft was taking on large amounts of water, posing a direct threat…

The United States and Iran have agreed to a landmark peace deal to end their nearly four-month-long conflict, marking a major diplomatic breakthrough after 107 days of war. Prime Minister Shehbaz Sharif announced on Sunday night that both countries had reached an agreement following intensive negotiations facilitated by Pakistan and other mediators. “Following intensive talks, we are pleased to announce that the Peace Deal between the United States of America and Islamic Republic of Iran has been REACHED,” Sharif wrote on X. According to the prime minister, both sides have agreed to the immediate and permanent termination of military operations…

By: Farid Mustafayev History does not merely explain the past; it also outlines the contours of the future. Documents signed between states often appear to be diplomatic formalities, yet there are some agreements whose significance transcends legal frameworks and becomes part of a nation’s strategic destiny. The Shusha Declaration is one such document. When I reflect on this event, I do not view it simply as an agreement signed between two states. Rather, I see it as an expression of political will distilled from a long and shared historical memory. There are moments that go beyond the boundaries of diplomacy…

Security forces have eliminated another 21 Indian-sponsored terrorists in a series of intelligence-based operation in general area Miran Shah and surroundings in North Waziristan District of Khyber Pakhtunkhwa. The Inter Services Public Relations (ISPR) said the terrorists were killed in the last 72 hours during fierce exchange of fire. The killed terrorists included four ring leaders – Khalid Raza alias Salar, Muftoon, Musa and Imran alias Ayan. This has served a significant below to the khwarijs’ network operating in the area. Killed Kharji Ring leaders were highly wanted for their involvement in numerous terrorist activities including killing of security forces…

Federal Interior Minister Mohsin Naqvi has said that the role of the Federal Constabulary in maintaining peace and combating terrorism across the country is highly significant. During a detailed visit to the Federal Constabulary Training Centre Shabqadar, the interior minister reviewed the operational readiness and professional training standards of the force. He inspected training activities of the Special Protection Wing and Anti-Riot Wing, particularly for state guests arriving from abroad, and appreciated the quality of modern training being provided to personnel. On the occasion, Mohsin Naqvi said the Special Protection Wing is being developed into a modern and organized force…