The Pakistan Stock Exchange (PSX) surged to an all-time high on Thursday, driven by positive market sentiment following the approval of the International Monetary Fund (IMF) loan program. The market continued its upward momentum, with the index hitting a peak of 83,000 points at one stage. This marks the highest point the stock market has […]
Mumbai Traffic Back On Track After Heavy Rains: Vehicular and rail traffic in Mumbai resumed Thursday after heavy rains battered the city, inundating low-lying areas, halting local trains in their tracks and forcing the diversion of at least 14 incoming flights. The India Meteorological Department has issued a red alert for Mumbai and its adjoining […]
The near-term uptrend of the Nifty remains intact, with the possibility of range-bound action or a minor dip in the next 1-2 sessions. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Thursday. Both BSE Sensex and Nifty50 were just short of their lifetime high. At […]
The International Monetary Fund (IMF) has approved a $7bn (£5.25bn) loan to cash-strapped Pakistan. The country is due to receive the first $1bn of the loan immediately, with the balance to be paid out over the next three years. Prime Minister Shehbaz Sharif welcomed the decision and thanked the head of the IMF, Kristalina Georgieva, […]
A Southwest Airlines plane takes off from Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, US, on Friday, July 12, 2024. Elijah Nouvelage | Bloomberg | Getty Images Southwest Airlines is planning to reduce service to and from Atlanta next year, cutting more than 300 pilot and flight attendant positions, according to a company memo […]
The San Antonio Spurs logo is seen before the game against the Golden State Warriors in Game Three of Round One of the 2018 NBA Playoffs on April 19, 2018 at the AT&T Center in San Antonio, Texas. Noah Graham | National Basketball Association | Getty Images Businessman Paul Viera is increasing his stake in […]
The International Monetary Fund’s (IMF) Executive Board on Wednesday approved a $7 billion Extended Fund Facility (EFF) for Pakistan, which Prime Minister Shehbaz Sharif hopes would be the country’s last. Pakistan and the IMF reached an agreement on the 37-month loan programme in July this year. The breakthrough was achieved in the aftermath of getting […]
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Gold prices in the international market on Wednesday hit a fresh all-time high amid the Israel-Lebanon conflict, a weaker dollar and a decline in US bond yields. In India, the yellow metal touched a record Rs 76,000 per 10 grams. In the international market, gold prices approached the $2,700-an-ounce level to hit $2,690. “Gold witnessed […]
New Delhi: As the tragic death of 26 year old Anna Sebastian, an Ernst & Young (EY) employee sparks widespread outrage, new details have emerged. Senior government official who spoke to Reuters revealed that the company’s Pune office, operating since 2007 lacked the required labor welfare permit. This permit which regulates work hours was missing, […]
