US Secretary of State Marco Rubio said Wednesday he wanted constructive dialogue with China in a call with his counterpart, days after a major military parade brought together US adversaries in Beijing. In a telephone call with Foreign Minister Wang Yi, Rubio “emphasised the importance of open and constructive communication on a range of bilateral issues”, the State Department said. Rubio as
India is leaning towards not creating legislation to regulate cryptocurrencies in the country and instead will maintain partial oversight, fearing that bringing the digital assets into its mainstream financial system could raise systemic risks, a government document shows. The document, seen by Reuters, cites the Reserve Bank of India’s (RBI) view that, in practice, containing the risks of cryp
The Islamabad High Court (IHC) on Wednesday directed the Capital Development Authority (CDA) to provide a complete record of land allotted to private educational institutions in the federal capital, while hearing a petition against the transfer of a prime government plot to a private school operator. Justice Raja Inaam Ameen Minhas issued the order during proceedings on a petition filed by the
Shanghai Electric Power Company has decided to terminate its offer to acquire up to 66.4 per cent of K-Electric Ltd due to changes in Pakistan’s business environment, it emerged on Wednesday. KE is the only electricity generator, transmitter, and distributor for Karachi and its adjoining areas, and the only listed electricity supplier. It was privatised in 2005. Shanghai Electric Power had agre
The Pakistan Stock Exchange (PSX) marked a positive closing for the eighth consecutive session, with the record-setting spree continuing into its sixth day. Investor sentiment remained strong, particularly in the cement and fertiliser sectors, as expectations grow for a boost in demand driven by post-flood reconstruction and agricultural recovery. Ali Najib, Deputy Head of Trading at Arif H