LSE SPAC-I acquires 19.04% stake in Ningbo Green Light Energy
LSE SPAC-I Limited said on Tuesday that following its successful IPO, it had paid Rs230 million for the acquisition of 19.04% equity stake in Ningbo Green Light Energy Limited. The…
Millat Tractors to manufacture Chinese electric bikes in Pakistan
Millat Tractors Limited, Pakistan’s largest tractor manufacturer, on Tuesday announced that one of its subsidiary companies has signed a memorandum of understanding (MoU) with a leading Chinese electric bike manufacturer…
Gold slips as markets assess Mideast tensions ahead of US inflation data
Gold prices fell on Tuesday, as markets weighed developments in the Middle East conflict and interest rate expectations ahead of key U.S. inflation data. Spot gold fell 0.6% at $4,705.99…
FO terms report claiming Pakistan allowed Iranian military aircraft to park at airbase as ‘misleading and sensationalised’
The Foreign Office (FO) on Tuesday termed a report by an American media outlet claiming that Islamabad “quietly allowed” Iranian military aircraft to park on its airfields while playing the…
Dollar steady as Middle East peace hopes recede
SINGAPORE: The U.S. dollar held its ground on Tuesday as talks to end the war in the Middle East showed no signs of progress, pushing oil prices higher and worrying…
Pakistan refutes claims of Iranian aircraft at Nur Khan Base
Pakistan categorically rejected on Tuesday a report regarding the presence of Iranian aircraft at Nur Khan Airbase as “misleading and sensationalized”, saying that such speculative narratives appear aimed at undermining…
Peace deal hopes fade after Trump rejects ‘garbage’ Iran proposal
WASHINGTON/DUBAI: Hopes for a peace deal on Iran faded on Tuesday after Donald Trump said a ceasefire with Iran was “on life support” as Tehran rejected a U.S. proposal to…
Pakistan, Turkmenistan push for regional energy & trade connectivity cooperation
Pakistan and Turkmenistan on Tuesday discussed expanding cooperation in regional energy connectivity and infrastructure development, as Islamabad pushed to strengthen its role as a trade and transit gateway linking Central…
Indian shares extend fall, rupee at record low as Mideast deal optimism fades
Indian shares extended losses and the rupee slid to a record low on Tuesday, weighed down by elevated crude prices, as fragile negotiations to end the Iran war fuelled concerns…
Bank of Punjab, flat owners challenge IHC verdict on One Constitution Avenue lease cancellation
ISLAMABAD: The Bank of Punjab (BoP) and several flat owners of the capital’s iconic One Constitution Avenue project have filed separate intra-court appeals before the Islamabad High Court (IHC), challenging…