News

New security posts ordered for OGDCL plant

The district administration Karak has decided to establish two new security check posts at the OGDCL Oil and Gas Plant in Nashpa to strengthen protection of the strategic facility. The decision was taken at a high-level meeting chaired by the Additional Deputy Commissioner (G) Karak, Sahibzada Samiullah, which reviewed administrative, security and technical matters related to the Nashpa plant.

World markets face fresh jolt as Trump vows tariffs on Europe over Greenland

Global markets face a fresh bout of volatility this week after President Donald Trump vowed to slap tariffs on eight European nations until the US is allowed to buy Greenland. Trump said he would impose an additional 10 percent import tariffs from February 1 on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and Britain, which will rise to 25 percent on June 1 if n

Expanding Misurata free zone: Libya to sign USD2.7bn partnership

Libya will on Sunday sign a strategic partnership with international firms to expand and develop the Misurata Free Zone, attracting an estimated USD2.7 billion in investment, Prime Minister Abdulhamid Dbeibah said on X. The agreements, which would be signed with Qatari, Italian and Swiss companies, would help the project generate operating revenues estimated at around USD500 million annually.

Strong buying at bourse, KSE-100 crosses 185,000 level

Strong buying momentum was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index crossing the 185,000 level during the second half of the trading session on Friday. At 2:45pm, the benchmark index was hovering at 185,117.47, an increase of 3,661.14 points or 2.02%. Analysts attributed the buying spree to expectations of a further policy rate cut in the upcoming Monet

Rupee registers improvement against US dollar

The Pakistani rupee registered marginal gain against the US dollar in the inter-bank market on Friday. At close, the local currency settled at 279.95, a gain of Re0.01 against the greenback. On Thursday, the e local unit closed at 279.96. Internationally, the US dollar was poised for a third weekly gain on Friday after positive US economic data lowered expectations for rate cuts by the Feder