A stockbroker looks at a computer during a trading session at the Pakistan Stock Exchange (PSX) in Karachi, July 31, 2023. — AFP Positive macroeconomic indicators are fueling the record market rally. This is the third highest point gain ever for the KSE-100 index. Successive rate cuts push investors from bonds to stocks. The stock … Read more
Authorities in the Dominican Republic have confiscated nearly 9.5 tons of cocaine from a shipment of bananas at the country’s most important seaport. The drugs were found in a shipment from Guatemala that arrived at the port of Caucedo in Santo Domingo, the nation’s capital, said Carlos Devers, spokesman for the Dominican Republic’s Anti-Drug Agency. … Read more
Prime Minister Shehbaz Sharif chairs federal cabinet meeting on December 2, 2024. — PID Prime Minister Shehbaz Sharif welcomed a record fall in inflation to 4.9% after nearly six and a half years, expressing hope that the remarkable development will lead to further reductions in the policy rate. Exceeding official forecasts, inflation in Pakistan slowed … Read more
Russian President Vladimir Putin budget plans approved, bringing military spending for 2025 to record levels as Moscow seeks to assert itself in the war in Ukraine. About 32.5% of the budget published on a government website on Sunday was allocated to national defense, or 13.5 trillion rubles (more than $145 billion), compared to 28.3% this … Read more