Business Recorder

PSX new IPOs deliver 47% average return, boosting investor confidence

Pakistan’s capital market is showing strong momentum, with recent listings on the Pakistan Stock Exchange (PSX) delivering robust gains and reinforcing investor confidence. “With 13 new listings and an average return of 47%, Pakistan’s capital mar…

#PSX #IPO

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Pakistan, Russia sign landmark accords to curb illegal immigration, narcotics trafficking

Federal Interior Minister Mohsin Naqvi held a series of high-level bilateral meetings with his counterparts from Russia, Tajikistan, Uzbekistan, Kyrgyzstan, and Kazakhstan on the sidelines of the Shanghai Cooperation Organisation (SCO) Interior Mi…

#PakistanRussia #IllegalImmigration #NarcoticsTrafficking #Agreement

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SECP takes action against 36 govt entities

The Securities and Exchange Commission of Pakistan (SECP) has completed proceedings on 58 show-cause notices issued to 36 state-owned companies for failing to comply with statutory filing requirements. In a statement on Saturday, the SECP said it …

#SECP #GovtEntities

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Pakistan signs MoU with Saudi, local partners for 140 acre Karachi waterfront development

Pakistan signed on Saturday a Memorandum of Understanding (MoU) with Saudi and local partners to explore development of a maritime business district on prime Karachi Port Trust (KPT) waterfront land. Federal Maritime Affairs Minister Muhammad Juna…

#Karachi #SaudiArabia #WaterfrontDevelopment

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US says Iran fired seven ballistic missiles toward Kuwait, Bahrain

TOKYO: US forces intercepted multiple Iranian ballistic missiles and drones launched toward the Strait of Hormuz and the Gulf, Central Command said on Friday. Iran fired seven ballistic missiles toward Kuwait and Bahrain hours after CENTCOM shot d…

#Iran #Kuwait #Bahrain #MissileAttack

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Iran’s foreign minister says Lebanon not a bargaining chip in war

DUBAI: Iranian Foreign Minister Abbas Araqchi on Saturday rejected remarks by Lebanese President Joseph Aoun that Lebanon was a bargaining chip for Tehran. Aoun said on Friday that Iran was using Lebanon as a bargaining chip in its negotiations wi…

#Iran #Lebanon #LebanonCeasefire

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North Korea to build 10,000-ton destroyer, state media says before Xi visit

SEOUL: North Korea plans to build a 10,000-ton destroyer and develop secret underwater weapons, state media said on Saturday, ahead of a visit by Chinese President Xi Jinping. The Rodong Sinmun newspaper, reporting on a Thursday naval test supervi…

#NorthKorea #XiJinping #Defense

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Germany’s Karl ruled out of World Cup with muscle tear

CHICAGO: Germany’s attacking midfielder Lennart Karl will miss the World Cup after sustaining a muscle tear in training before Saturday’s friendly international against the United States, coach Julian Nagelsmann said. The 18-year-old suffered a mu…

#Karl

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India win toss and opt to bat in one-off test against Afghanistan

India captain Shubman Gill won the toss and opted to bat in a one-off test against Afghanistan on Saturday at the New PCA Stadium in New Chandigarh. India head into the match after a difficult couple of years in test cricket, which have included d…

#India #Afghanistan

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India’s ‘Cockroach’ youth movement founder arrives in New Delhi to protest Modi

NEW DELHI: The founder of India’s viral Cockroach Janta Party arrived in New Delhi on Saturday to lead a protest against Prime Minister Narendra Modi’s government, taking the country’s largest online youth movement to the streets for the first tim…

#NewDelhi