Business
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40,000 posts being axed to save Rs36 billion
One-fifth of savings will come from reducing positions in lowest pay grade-1
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Govt turns down additional freight charges proposal
Oil industry is seeking adjustment to inland freight to reduce financial strain
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Iraqi consulate reopens after 23 years
Visa operations to start within a month, business visas can be processed via Iraqi Embassy in Islamabad
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Kuwait extends oil credit facility for two years
The total volume of oil supply on credit is 1.8 million tons per year.
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Nvidia faces $5.5b charge over China chip ban
US places curbs on H20, MI308 chip sales; Nvidia, AMD shares drop 6% and 7% respectively
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PSX ends two-day rally on profit-taking
Late-session selling drags KSE-100 down by 755 points to below 116,100
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EdTech offers hope amid crisis
PreMed.PK uses AI to economically tackle exam leaks, inefficient testing
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Gold soars to record highs of Rs348,000/tola
Domestic prices soar by Rs8,600 per tola; rupee posts slight gain as SBP raises Rs1.2tr via auctions
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Oil rises $1 on new US sanctions
The action comes as the US government has relaunched negotiations with Iran over its nuclear programme this month.
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PIA privatisation delayed again
Despite IMF commitment, govt unlikely to meet Rs30b privatisation target
