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Wall Street gains ground on healthcare stocks rally, oil retreat

October 20, 2026 4:55

Wall Street’s main indexes moved higher on Tuesday as a surge in healthcare stocks and softer oil prices boosted risk appetite, building on a recovery from last week’s technology-led selloff. Brent crude prices slipped 1.1% after touching a five-month high in a choppy session as traders weighed Houthi attacks on Saudi infrastructure and reports of vessel attacks in the Gulf. Most S&P 500 sectors gained, with healthcare hitting an all-time high. The gains were led by large-cap drugmakers, including Eli Lilly’s 4.7% jump to a record high. Amgen, Pfizer, Johnson & Johnson and AbbVie were also up more than 2% each. The financial index also gained 1.2%. Energy, however, led the losses, while an about 2% decline in Meta Platforms pulled the communication services sector down. The market extended Monday’s rebound, when investors bought the dip in technology stocks following last week’s bruising selloff, fueled in part by concerns over CoreWeave’s debt load and the cost of financing the AI buildout. AI-related shares were flat to higher on Tuesday, after early weakness in premarket trading. CoreWeave was last up 2.5%, while chip gauge Philadelphia Semiconductor index rose 0.7%. “You’re seeing some strength in some high-value stocks and the Dow, and so that’s helping to sort of lift the overall indexes,” said Robert Pavlik, senior portfolio manager at Dakota Wealth. “Concerns about what’s going on as far as semiconductors, that’s still there, but for the most part, the rest of the market is seeing a bit of a nice rebound.” Elsewhere, shares of South Korean AI infrastructure company Elice Group tumbled nearly 30% in their market debut, slipping below their IPO price after the company raised 201.1 billion won ($151.12 million) in its offering. At 12:06 p.m. ET, the Dow Jones Industrial Average rose 502.03 points, or 0.97%, to 52,468.06. The S&P 500 gained 32.33 points, or 0.42%, to 7,723.06, while the Nasdaq Composite advanced 58.72 points, or 0.22%, to 26,489.60. Investors are now closely watching this week’s corporate earnings for clues on whether companies can maintain strong growth in the face of mounting macroeconomic risks. Quarterly results from SpaceX and Netflix are due after the market close on Tuesday, while heavyweights Meta and Tesla are scheduled to report on Wednesday. Steel Dynamics fell 1.4% after the steelmaker missed third-quarter profit estimates. General Motors shares dropped 6.9% after the automaker signaled pressure in coming months from higher commodity costs and lower truck sales. 3M gained 5% after the company said it was expanding its data-center partnership with Amazon, and issued a warrant to an Amazon subsidiary to purchase 3M common stock worth over $521 million. The industrial conglomerate also raised its full-year profit forecast on Tuesday. Credit reporting firm Equifax jumped 11.4% after it reported third-quarter profit above analysts’ estimates. Hasbro gained 5.6% after the toymaker raised full-year forecast for both overall revenue and its digital gaming business. Advancing issues outnumbered decliners by a 2.51-to-1 ratio on the NYSE and by 2.78-to-1 ratio on the Nasdaq. The S&P 500 posted 21 new 52-week highs and one new low, while the Nasdaq Composite recorded 32 new highs and 204 new lows. [...]

Brent slips in choppy session as investors weigh attacks on ships, Saudi energy

October 20, 2026 3:57

HOUSTON: Oil prices slipped from a five-month high during a choppy session on Tuesday as traders priced in Houthi attacks on Saudi infrastructure and reports of vessel attacks in the Gulf. Yemen’s Houthis said on Monday they launched several attacks on Saudi energy, airport and military targets, such as an Aramco site in Yanbu, the Shaybah oilfield, Riyadh’s King Khalid International Airport and Abha airport. Saudi authorities did not immediately confirm the Houthi claims and Reuters could not independently verify them. Brent crude futures fell 67 cents or 0.61% to $108.88 at 10:09 a.m. EDT. Earlier in the session the front-month contract reached $111.99, a five-month high. The November contract for US West Texas Intermediate crude, which expires on Tuesday, was up 88 cents or 0.85% at $104.54, down from the session high of 110.48, the highest since April for a nearby contract. The more active December contract was down 45 cents or 0.46% at $98.09 a barrel. “Oil prices remain well-supported … This suggests the market is pricing in a significant risk premium, given the situation’s volatility,” ING analysts said in a note on Tuesday. At least 18 vessels were reportedly attacked over two weeks, which keeps the risk premium intact, shiptracker Kpler said in a note on Monday. Also on Monday, a Houthi attack on a training camp for government security forces in Yemen’s Shabwa province killed 58 people and injured more than 200. The renewed attacks heightened fears about regional stability and underscored continuing risks to energy supply from the region, keeping oil prices above $100 a barrel. Diesel supply crunch Russian diesel cargoes are returning to their traditional destinations after the US suspended sanctions and secured the lifting of an export ban, with at least two tankers signaling trips to Turkey and Brazil in recent days, according to shipping data from Kpler and LSEG. The US is working with domestic refiners to squeeze more crude through the refining complex, US Energy Department Under Secretary Kyle Haustveit said on Tuesday at the Drake Forum in Titusville, Pennsylvania. In the US, analysts expected crude oil stockpiles to have fallen last week along with product inventories, a preliminary Reuters poll showed on Monday.. [...]

Gold price per tola drops Rs3,600 per tola in Pakistan

October 20, 2026 3:44

Gold prices in Pakistan decreased on Tuesday in line with their loss in the international market. In the local market, gold price per tola reached Rs435,436 after a decline of Rs3,600 during the day. Similarly, 10-gram gold was sold at Rs373,316 after it fell by Rs3,086, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Gold prices in Pakistan saw no change on Monday in line with the trend in the international market. In the local market, gold price per tola remained at Rs439,036. The international rate of gold declined by $36 to reach $4,129 per ounce. Meanwhile, the price of silver remained unchanged at Rs6,234 per tola. [...]

Amazon to recruit over 300,000 workers for holiday season in first hiring jump in three years

October 20, 2026 2:02

Amazon said on Tuesday it plans to hire more than 300,000 workers for the US holiday season, marking the first increase in recruitment for the period in three years as the online retailer prepares for a surge in orders. Amazon, which employed 250,000 workers during the season for the past three years, said it was hiring for seasonal, part-time and full-time roles across its US core operations for the period. US holiday sales growth is expected to accelerate 4.2% from a year earlier to more than $1 trillion this year, the National Retail Federation forecast last week. Starting next year, seasonal employees who work at least 30 hours per week will receive healthcare benefits offered to regular full-time employees, Amazon said. Amazon makes fresh job cuts, mainly in retail division Last week, retailer Walmart expanded healthcare benefits for its workforce, as surging healthcare expenses pressure Americans who are already facing rising costs of living. Amazon, which announced a small number of layoffs in its retail division earlier this month, said it would pay full-time employees a minimum of $20 per hour, with average pay reaching nearly $24, while average hourly wages for seasonal employees will be $20. [...]

Rupee registers gain against US dollar

October 20, 2026 1:59

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The local unit closed the day at 276.87, a gain of Re0.03 against the greenback. On Monday, the Pakistani rupee settled at 276.90 against the dollar. Internationally, the US dollar churned at the start of trading in Asia on Tuesday as a tepid recovery in investor confidence bolstered higher-yielding currencies, but growing political risk in Europe continued to test ‌traders’ nerves. The euro was steady at $1.1216, while the British pound rose 0.1% to $1.3308. The Australian dollar was up 0.1% at $0.6986, while its New Zealand counterpart nudged 0.1% higher to $0.5668. Against the yen, the US dollar was flat at 158.56 yen ahead of an auction of 20-year Japanese government bonds. French authorities set curfews in several cities on Monday after nationwide anti-government protests plunged President Emmanuel Macron’s final months in office into turmoil. In Italy, the government said it will dispatch 500 troops after two days of unrest. The spread between French and German 10-year government bonds widened 9.9 basis points on Monday to 147.3 basis points. The yield on the US 10-year Treasury bond was flat at 5.131%. The ⁠US dollar index, which measures the greenback’s strength against six currencies, ended two days of loss on Monday, rising 0.2% to 101.98. Oil prices, a key indicator of currency parity, advanced on Tuesday, with Brent ‌reaching a five-month high, as traders priced in a geopolitical risk premium from Houthi attacks on Saudi infrastructure and reports of vessel attacks in the Gulf. Yemen’s Houthis said on Monday they launched several attacks on Saudi energy, airport and military targets, such as an Aramco site in Yanbu, the Shaybah oilfield, Riyadh’s ⁠King Khalid International Airport, and Abha airport. Saudi authorities did not immediately confirm the Houthi claims and Reuters could not independently verify them. Brent crude futures rose to $111.75 a barrel, the highest since May, and as of 1120 GMT were trading at $111.20, up $1.65 or 1.5%. Inter-bank market rates for dollar on Tuesday BID Rs 276.87 OFFER Rs 277.07 Open-market movement In the open market, the PKR gained 5 paise for buying and 1 paisa for selling against USD, closing at 277.52 and 278.63, respectively. Against Euro, the PKR lost 8 paise for buying and 21 paise for selling, closing at 310.89 and 313.89, respectively. Against UAE Dirham, the PKR remained unchanged for both buying and selling, closing at 75.60 and 76.20, respectively. Against Saudi Riyal, the PKR remained unchanged for buying and lost 2 paise for selling, closing at 73.92 and 74.49, respectively. Open-market rates for dollar on Tuesday BID Rs 277.52 OFFER Rs 278.63 [...]

PSX: selling continues, KSE-100 settles over 800 points lower

October 20, 2026 1:53

Selling continued at the Pakistan Stock Exchange (PSX) on Tuesday, with the benchmark KSE-100 Index closing with a loss of over 800 points. The benchmark index opened higher, briefly rising towards the session’s intra-day high of 166,425.56.56 points before coming under selling pressure. It subsequently moved lower, with intermittent recoveries but failed to sustain the upward momentum. After a brief rebound around the final hours of trading, the index resumed its downward trajectory, with selling intensifying as the benchmark index touched an intra-day low of 165,111.14 points. At close, the benchmark index settled at 165,151.64, down by 814.44 points or 0.49%. “The benchmark remained volatile throughout the session, trading within an intraday range of 165,111–166,425, as selling pressure continued to weigh on overall market performance,” brokerage house Topline Securities said in its post-market report. ATRL, ENGROH, SYS, HBL, and HUBC emerged as the major contributors to the index’s decline, collectively dragging the benchmark down by approximately 348 points. Weakness in these key stocks further reinforced the prevailing bearish sentiment, Topline said. In a key development, Pakistan posted a gross domestic product (GDP) growth of 3.65% during FY2026, estimates released by the Pakistan Bureau of Statistics (PBS) on Monday showed. The growth was lower than the 3.70% estimated by the National Accounts Committee (NAC). On Monday, PSX closed lower as selling pressure intensified during the second half of the session, erasing an early recovery and pushing the index below the 166,000-point level. The benchmark KSE-100 Index declined by 453.63 points, or 0.27%, to close at 165,966.09 points. Globally, Asian stocks retreated broadly on Tuesday while oil rose as geopolitical risks rattled sentiment ahead of key results from AI bellwether companies. The dollar held firm against the euro as riots in France fuelled demand for ‌safe-haven assets. Crude prices resumed their climb as markets weighed an executive order from US President Donald Trump that waived some sanctions and tariffs on Russian energy. The spotlight now turns to corporate earnings, with investors seeking fresh evidence that consumers and the broader economy remain resilient. Results are due from Meta on Wednesday and later in the week from Tesla and chipmakers Lam Research and Texas Instruments. The MSCI Asia ex-Japan index fell 0.93%, while Japan’s Nikkei 225 dropped 1.28%. South Korea’s KOSPI tumbled 3.61%. Meta is one of five AI hyperscalers expected to increase combined capital expenditure to about $1.2 trillion next year, according to Goldman Sachs. Results from SpaceX are also due on Tuesday. Meanwhile, the Pakistani rupee continued its marginal gains against the US dollar, appreciating 0.01% in the interbank market on Tuesday. The local unit closed the day at 276.87, a gain of Re0.03 against the greenback. Volume on the all-share index increased to 446.84 million from 370.94 million recorded in the previous close. The value of shares declined to Rs19.43 billion from Rs19.56 billion in the previous session. Cnergyico PK was the volume leader with 46.54 million shares, followed by Pak Refinery with 42.70 million shares, and K-Electric Ltd with 26.39 million shares. Shares of 499 companies were traded on Tuesday, of which 128 registered an increase, 324 recorded a fall, and 47 remained unchanged. [...]

Energy and industrial stocks drag Sri Lankan shares lower

October 20, 2026 1:51

Sri Lankan shares closed lower on Tuesday, dragged by energy and industrial stocks. The CSE All-Share index settled 0.38% lower at 19,983.78 points. Serendib Land PLC and LAUGFS Gas PLC were the top percentage losers, down 12.5% and 10.4%, respectively. Trading volume on the index fell to 20.9 million shares from 33.6 million shares in the previous session. Turnover, however, rose to 741.4 million Sri Lankan rupees ($2.23 million) from 680.3 million rupees in the previous session, according to exchange data. Foreign investors were net sellers, offloading stocks worth 81.2 million rupees; domestic investors were net buyers, purchasing shares worth 720 million rupees, the data showed. [...]

Most Gulf bourses in red after Houthis claim attacks on Saudi energy, airport sites

October 20, 2026 1:47

Most Gulf stock markets closed lower on Tuesday after Yemen’s Houthis claimed attacks on Saudi energy, airport and military targets on Monday, while Egypt’s index bucked the trend after parliament delayed a vote on authorising military support for Riyadh. The group said it hit an Aramco site in Yanbu, the Shaybah oilfield, and the Riyadh and Abha airports. Saudi authorities did not immediately confirm the claims and Reuters could not independently verify them. Saudi air travel is already under severe strain with more than 45% of departures from the kingdom’s airports cancelled since October 8, according to aviation analytics firm Cirium. Saudi Arabia’s benchmark index dropped 1.7%, dragged down by a 4.7% slide in Saudi Arabian Mining Company and a 1.2% decrease in oil giant Saudi Aramco. Saudi Arabia, rocked by deadly attacks in recent weeks as the Middle East conflict widens, postponed its flagship investment conference on Monday until next year, organizers said. Separately, a Houthi attack on a training camp for government security forces in Yemen’s Shabwa province killed 58 people and injured more than 200 on Monday. In Qatar, the index dipped 0.4% to 8,598, its lowest level in over six years, with Qatar National Bank — the Gulf’s biggest lender — retreating 0.7%. GCC stocks came under pressure as traders kept a cautious eye on geopolitical developments. The absence of diplomatic progress is fueling doubts over any quick de-escalation or improvement in regional security, and the uncertainty could keep risk appetite subdued in the near term, said Ranim Turfa, head of research & market analysis MENA at Tickmill. “At the same time, economic resilience and robust business activity could limit the declines in some markets.” Meanwhile, Brent crude futures rose to $111.75 a barrel, the highest since May, and as of 1120 GMT were trading at $111.20, up $1.65 or 1.5%. Dubai’s main share index eased 0.3%, with sharia-compliant lender Dubai Islamic Bank losing 0.7%. The Abu Dhabi index , however, bucked the trend to close 0.5% higher. Outside the Gulf, Egypt’s blue-chip index advanced 1.9%, as most of its constituents were in positive territory including Talaat Moustafa Group Holding , which was up 4.2%. Egypt’s parliament has delayed until October 26 a vote on allowing the armed forces to back Saudi Arabia if asked, prolonging debate over a deeper role in the conflict with Yemen’s Houthis. Saudi Arabia dropped 1.7% to 9,952 Abu Dhabi gained 0.5% to 9,829 Dubai lost 0.3% to 5,835 Qatar declined 0.4% to 8,598 Egypt advanced 1.9% to 52,089 Bahrain eased 0.2% to 1,860 Oman retreated 1.1% to 7,552 Kuwait was down 0.2% to 8,826 [...]

IMF calls for Pakistan to rationalise tax concessions, bring under-taxed sectors into net

October 20, 2026 12:45

The International Monetary Fund (IMF) has called on Pakistan to rationalise tax concessions and bring under-taxed sectors into the tax net, saying a fairer and more neutral tax system is critical to improving revenue collection, encouraging compliance and supporting private-sector growth. “Addressing under-taxed sectors, rationalising concessions, and reducing disproportionate burden are elements of a fair tax system,” said Jihad Azour, Director, IMF Middle East and Central Asia Department, in his opening remarks at the Ministry of Finance and Revenue’s “workshop on “Reforms for a Modern and Growth-Friendly Tax System in Pakistan”. The official also stressed that tax policy reforms must be accompanied by stronger revenue administration to ensure effective implementation. “Many countries have strong reform ideas, but few translate them into durable results. Implementation requires ownership, coordination, engagement, and communication,” he said. Earlier this month, the IMF staff and Pakistan have reached a staff-level agreement on the fourth review of the $7-billion Extended Fund Facility (EFF) and the third review of the Resilience and Sustainability Facility (RSF), while completing the 2026 Article IV consultation. The IMF official said that Pakistan has made “important progress” towards “restoring microeconomic stability, rebuilding confidence, strengthening external buffers and supporting gradual recovery”. “The next milestone is to turn this stabilisation into stronger and more durable growth,” said Azour. He said that the IMF remains committed to supporting Pakistan authorities to “succeed in building an economy capable of delivering higher levels of productivity, led by a stronger private sector, and ready to deliver better opportunities for its young generations.” Referring to the regional outlook, Azour said inflation, fiscal pressure and financing needs are becoming more visible. “For Pakistan, exposure to higher energy and food prices, disruption to trade and supply chains, external demand, and an abrupt tightening in global financing conditions heightens the premium on preserving stability while supporting the recovery. He said in this context, the fiscal policy must do more than achieve the primary balance targets and protect debt sustainability. “It must reinforce policy credibility, foster the recovery, and create space for the public investment and social spending needed to support stronger long-term growth and the well-being of the Pakistani people.” Azour said tax policy and tax administration must move together, as a simpler policy framework makes administration easier, and a strong administration makes policy reform credible. “Pakistan’s stabilisation gains create opportunity; it needs to be amplified through transformative reforms,” the IMF official said in his concluding remarks. Addressing earlier, Finance Minister Muhammad Aurangzeb stressed the need for Pakistan to shift from economic stabilisation to sustainable, export-led growth, saying the country must avoid repeating past boom-and-bust cycles driven by consumption and excessive liquidity. “How do we move from stabilisation to growth? Because that’s the whole point,” Aurangzeb said, emphasising that economic expansion must be sustainable rather than driven by short-term consumption. “Now it has to be not only growth, but it has to be sustainable growth,” he said, warning against a return to a liquidity-fuelled, consumption-led model. “We have seen those experiments in the past. Those have actually led us to the boom and bust cycles. And one thing is for sure, we will not let that repeat,” he added. The minister said the government would focus on sustainable export-led growth. He described taxation as a “very critical component” of the structural reform agenda. Aurangzeb said tax policy should be guided by economic considerations rather than designed solely to meet revenue targets. “We have to continue to have a tax design which is led by economic value considerations, not by making the math work,” he said, acknowledging that the government still needed to meet its revenue requirements. “But that cannot be the leading point here.” Referring to economic growth, he said the country had come a long way from a contraction of around 0.3% to growth of approximately 3.65–3.7%. “Whether it is 3.7% or 3.65% is not material, but we have come a long way from -0.3% to this delta,” he said. However, he stressed that the quality of growth mattered as much as its pace, drawing a parallel with the country’s foreign exchange reserves. The minister said Pakistan’s reserves had recovered from a level equivalent to around two weeks of import cover to more than three months, while cautioning that the source of reserve accumulation was also important. “The important thing is not only the quantum of these reserves but the quality of these reserves,” he said. The Ministry of Finance and the IMF are convening a two-day high-level workshop in Islamabad on October 20–21, 2026. The workshop will bring together senior government officials, representatives of the IMF and World Bank, international tax experts, academics and private-sector leaders to discuss priorities for modernising Pakistan’s tax system and strengthening its contribution to sustainable economic growth. The workshop will feature six substantive sessions covering taxation and economic growth, modernisation of Pakistan’s tax system, a unified sales tax regime across the federation and provinces, a simpler and more neutral income tax system, tax administration, digitalisation and taxpayer trust, and fiscal federalism and provincial tax revenues. Discussions will focus on developing a broader, fairer, simpler and more predictable tax system that supports revenue mobilisation, investment, business expansion and productivity. The workshop will conclude with a high-level panel to consolidate recommendations, identify priority next steps and establish modalities for continued engagement among stakeholders. [...]

Uncertainty over US tariffs keeps copper trading in a tight range

October 20, 2026 10:45

LONDON: Copper prices were little changed on Tuesday, trading in a tight range for a third straight session, as uncertainty over potential US import tariffs and concerns about inflation driven by higher oil prices kept risk sentiment subdued. Benchmark three-month copper on the London Metal Exchange was up 0.1% at $14,353 a metric ton by 0955 GMT. Copper, widely used in the power and construction sectors, has risen 55% since Donald Trump returned to the US presidency in January 2025, despite global demand falling 0.5% to 27 million metric tons, Panmure Liberum analyst Tom Price said in a note. Supporting prices is a shortage of copper scrap in China, which is increasing the country’s need for refined copper through domestic inventory drawdowns, just as the US continues to import metal and build stocks ahead of potential tariffs, Goldman Sachs said. The bank’s analysts expect copper prices to average $15,400 in 2027, up from $14,700 at the end of 2026. The Yangshan copper premium, a key indicator of China’s demand for imported copper, climbed 0.7% to $138 a ton, its highest level in almost four years. Meanwhile, Comex copper inventories were last at a record high of 718,199 metric tons, up from 87,241 in January 2025. The White House has yet to decide on tariffs on refined copper, with the administration increasingly focused on affordability ahead of November’s midterm elections, Reuters reported in September, citing people familiar with the matter. Chinese broker Everbright Futures said cautious purchasing at high prices and uncertainty over US tariffs could keep copper prices range-bound in the near term. BHP Group and Anglo American reported declines of 19% and 5%, respectively, in quarterly copper production due to disruptions in Chile, but both companies maintained their full-year output guidance. Among other LME metals, aluminium fell 0.8% to $2,993, zinc lost 0.7% to $3,688, lead was steady at $1,894.50, while tin gained 0.1% to $50,775 and nickel rose 0.5% to $15,600. [...]

Australia, NZ dollars firm as French fallout pressures euro

October 20, 2026 7:07

SYDNEY: The Australian and New Zealand dollars held firm on Tuesday helped by gains on European currencies following riots in France, while investors awaited developments on domestic interest rates. The Aussie was flat at $0.6977, having risen 0.5% overnight and away from a recent 15-week trough of $0.68945. Near-term resistance comes in at $0.6993 and $0.7015. It also bounced on the euro, sterling and the Swiss franc as political concerns hit bonds across the continent. The kiwi dollar stood at $0.5665, after edging up 0.1% overnight. Major support lies at the recent 17-month low of $0.5566, with resistance at $0.5675 and $0.5750. The next domestic hurdle for the Aussie will be an appearance by Reserve Bank of Australia Deputy Governor Andrew Hauser on Wednesday where he is likely to field questions about the chance of a fifth hike in rates this year. Speaking on Monday, the RBA’s head of financial markets acknowledged that the labour market might be loosening a little faster than expected, but also highlighted the importance of third-quarter consumer price data due on October 28. Analysts see a risk core inflation could rise a hefty 1.0% in the quarter to keep the annual pace at 3.6% and well above the RBA’s target range of 2% to 3%. Indeed, analysts at Westpac think core inflation could also rise by a chunky 0.9% this quarter, putting annual inflation at 3.5% compared to the RBA’s forecast of 3.3%. Central bank officials will have an opportunity to respond live to the Q3 numbers as Governor Michele Bullock and her team are appearing before lawmakers on the same day and at almost the same time. Markets imply a one-in-three chance of a hike in the 4.60% cash rate in November, rising to 56% for December. Also on October 28, the Reserve Bank of New Zealand will announce whether it is lifting rates for a third time this year, with investors pricing in an 89% probability of a quarter-point move to 3.0%. Markets also imply rates could reach 3.75% or more next year, far above the RBNZ’s own projection of 3.20%. [...]

Australian shares head for worst day in nearly three weeks as miners, banks slide

October 20, 2026 7:05

Australian shares fell more than 1% on Tuesday and were on track for their biggest drop in nearly three weeks, as financials and commodity-linked stocks overshadowed gains in tech shares, while National Australia Bank unveiled a major restructuring plan. The S&P/ASX 200 index fell 1.1% to 8,752.80 by 2327 GMT, heading for its worst session since October 1. The benchmark closed 0.4% higher on Monday. Selling was broad-based in miners and banks, with softer commodity prices hurting miners and energy firms and National Australia Bank’s restructuring programme adding pressure to lenders. National Australia Bank said it would cut up to 2,500 jobs, or about 6% of its workforce, in 2027 to simplify its operations as the country’s top business lender grapples with a more challenging outlook for credit growth. Its shares gave up early gains to trade 1.9% lower, tracking weakness in the sector. Financials dropped 1.3%, with Commonwealth Bank of Australia, Westpac and ANZ down between 1.2% and 1.6%. Miners slid 2%, with BHP falling as much as 2.4% after the world’s largest listed miner reported weaker-than-expected first-quarter copper production, hurt by disruptions at its Escondida mine in Chile. Both Rio Tinto and Fortescue declined more than 1%. Gold miners fell 2.3% after bullion prices closed lower overnight. Energy stocks slid as much as 1.6%, marking their biggest intraday drop since October 1, after Brent crude edged lower. Woodside and Santos fell 0.9% and 1.2%, respectively. Bucking the trend, technology stocks advanced as much as 2% to a one-week high after their Wall Street peers closed higher overnight. Xero and WiseTech Global rose more than 2.3% each. New Zealand’s benchmark S&P/NZX 50 index was nearly flat at 13,650.72. Investors were focused on third-quarter inflation data, due later this week, for clues on the central bank’s policy path. Markets are pricing in an 89% probability of a third rate increase this year at the central bank’s October 28 meeting. [...]

Japan's 20-year bond yield falls sharply after strong auction

October 20, 2026 6:56

TOKYO: Japan’s 20-year government bond yield fell sharply on Tuesday after a strong auction for the bonds with the same maturity lifted sentiment. The 20-year JGB yield fell as much as 6 basis points (bps) to 3.71%, its lowest level since September 9, after the auction outcome was announced. Yields move inversely to bond prices. The auction received bids worth 5.84 times the amount sold, higher than a ratio of 4.01 times at the previous auction last month. “The strong auction outcome suggests that many investors expect a rebound in the bond market, as they turned to risk off after the mass protest in France and the sell-off of CoreWeave stocks and bonds,” said Katsutoshi Inadome, senior strategist at Sumitomo Mitsui Trust Asset Management. The 30-year yield fell 1.5 bps to 3.970%. The benchmark 10-year JGB yield rose 1.5 bps to 2.920%‑Reuters [...]

ABB says data centre business booming, Q3 figures in line with forecasts

October 20, 2026 6:53

ZURICH: ABB is continuing to see a boom in spending on data centres used to power artificial intelligence, the engineering group said on Tuesday, as it reported its latest earnings. The Swiss company said its operational earnings before interest, tax and amortisation jumped 24% to $2.03 billion in the three months to the end of September, slightly ahead of analyst forecasts for $2.0 billion. Revenue meanwhile rose 14% to $9.70 billion, slightly below forecasts of $9.74 billion in a company gathered consensus. ABB, which makes electrification and automation products used by factories, ships and ports, has been seeing strong demand for products like power distribution and cooling systems used in data centres. A surge in spending on AI and data centres is propping up the global economy, helping it withstand the energy shock from the Middle East war, the IMF said last week, although it said a reassessment of efficiency gains from adopting the technology could dent investment. ABB beats forecasts with Q2 earnings and announces biggest-ever acquisition During the third quarter ABB said it had seen a triple digit increase in orders for data centre products, continuing the trend it saw during the second quarter. [...]

South Korean shares fall nearly 3% as AI concerns hit chipmakers

October 20, 2026 6:51

SEOUL: Round-up of South Korean financial markets: South Korean shares slumped nearly 3% on Tuesday as chipmakers dropped on concerns over AI investment, while political instability in France dampened risk appetite across global financial markets. The benchmark KOSPI was down 170.63 points, or 2.96%, at 5,597.38 as of 0132 GMT, after rebounding for two consecutive sessions from a recent six-month low. “Although it is confirmed that recent losses in AI chip stocks were excessive in the short term, credit risks of AI investments have not been resolved,” said Seo Sang-young, an analyst at Mirae Asset Securities. French markets tumbled on Monday, with bonds, Paris-listed stocks and even the euro falling after widespread protests across France underscored difficulties the government faces in reducing its large deficit. The turmoil in the euro zone’s second-largest economy has also been partly responsible for keeping the European equities stuck within a narrow range over the past month. “It is difficult to determine the sustainability of the recent rebound amid pressure from Europe’s financial instability and higher bond yields,” Seo said. South Korean chipmaker Samsung Electronics fell 1.61% on Tuesday, while peer SK Hynix lost 4.62%. AI infrastructure company Elice Group opened 16% below its IPO price in its market debut, reflecting broader concerns over AI investment. Among other index heavyweights, battery maker LG Energy Solution slid 2.08%, while Hyundai Motor and sister automaker Kia Corp were down 3.37% and 3.02%, respectively. Steelmaker POSCO Holdings shed 2.23%, while drugmaker Samsung BioLogics fell 0.63%. Of the total 913 traded issues, only 95 shares advanced, while 803 declined. Foreigners were net sellers of shares worth 480.0 billion won ($361.41 million). The won was quoted at 1,327.8 per dollar on the onshore settlement platform, 0.40% higher than its previous close at 1,333.1. In money and debt markets, December futures on three-year treasury bonds gained 0.01 point to 102.93. The most liquid three-year Korean treasury bond yield rose 0.2 basis points to 3.882%, while the benchmark 10-year yield rose by 6.6 basis points to 4.220%. [...]

SpaceX quarterly revenue jumps, beats estimates as AI business surges

October 20, 2026 8:35

Elon Musk’s SpaceX on Tuesday reported a 161% rise in revenue for the third quarter, beating estimates, buoyed by a surge in its AI business and steady growth at its Starlink satellite-internet unit. Revenue in the third quarter stood at $14.6 billion, compared with analysts’ estimate of $12.72 billion, according to data compiled by LSEG. Starlink and SpaceX’s broader connectivity operations have been the company’s main financial engine, underpinning CEO Elon Musk’s AI ambitions. But SpaceX’s own AI software, including xAI’s Grok, has so far been overshadowed by rivals OpenAI, Anthropic and Google. SpaceX is making its AI money mainly by renting out data-center capacity to developers such as Anthropic, Google and Reflection AI rather than from its own models, a business closer to a cloud provider’s than an AI lab’s. The company’s AI business spans Grok, social-media platform X and a fast-growing data-center operation. It is also the company’s biggest area of investment. The business earns revenue from compute contracts with Anthropic, Alphabet’s Google and Reflection AI. Also read: SpaceX quarterly revenue surges in debut results but sales per subscriber fall Operating losses at the AI unit have been large and SpaceX has cautioned it will need sustained investment before it can consistently generate profits. The satellite-internet unit has continued to expand its subscriber base, aided by additional satellite launches and a growing range of consumer, enterprise, aviation, maritime and government services. The company has said geographic expansion beyond the wealthiest countries could push average revenue per user lower over time. Investors have been keen to know whether that pricing pressure has started to show up as SpaceX enters more international markets and rolls out lower-priced plans. Investors are also watching whether SpaceX can keep growing while improving the economics of its network. It is spending heavily on coverage, capacity and direct-to-device mobile services. Starship, SpaceX’s next-generation reusable rocket system, has yet to enter commercial service. It is expected to enable deployment of higher-bandwidth Starlink satellites and orbital AI-computing infrastructure. The company’s ability to turn Starship into a reliably reusable vehicle is central to its longer-term strategy. SpaceX successfully deployed several Starlink satellites last month, in Starship’s first orbital test flight that ended hours earlier than expected after an engine issue. The space segment includes commercial launches, government missions and Starship development and remains a significant source of costs and uncertainty. Falcon launch activity has stayed robust, but revenue can vary with the mix of internal Starlink deployments, commercial customer missions and government contracts. SpaceX has increasingly prioritized launches for its own satellite network over third-party payloads, while absorbing significant costs tied to Starship’s development. Investors will also be keen to hear Musk’s comments on a much-talked-about potential merger between SpaceX and Tesla, which reports results on Wednesday. [...]

Govt raises petrol price by Re0.88, diesel by Re0.53 per litre

October 20, 2026 6:19

The government on Tuesday increased the price of petrol by Re0.88 to Rs382.02 per litre and high-speed diesel (HSD) by Re0.53 to Rs389.80 per litre, effective October 21, 2026. According to a press release issued by the Petroleum Division, the Oil and Gas Regulatory Authority (OGRA) revised the ex-depot prices of petroleum products in line with the pricing mechanism set by the federal government. The revised prices will remain effective for October 21. The Petroleum Division said the change was necessitated by global developments, including movements in Platts rates, premiums and incidentals. On Monday, the government reduced the price of petrol by Rs5.16 to Rs381.14 per litre and high-speed diesel by Rs7.69 to Rs389.27 per litre. Meanwhile, oil prices slipped from a five-month high during a choppy session on Tuesday as traders priced in Houthi attacks on Saudi infrastructure and reports of vessel attacks in the Gulf. [...]

Wall Street gains ground on healthcare stocks rally, oil retreat

October 20, 2026 4:55

Gold price per tola drops Rs3,600 per tola in Pakistan

October 20, 2026 3:44

China says US DeepSeek ban disregards Xi-Trump consensus

October 20, 2026 2:51

BEIJING: China’s commerce ministry on Tuesday criticised a US government order banning Chinese AI model DeepSeek from federal agency IT systems, saying it harmed Chinese firms’ interests and disregarded understandings reached by the countries’ leaders. In a statement, the ministry urged the US to “immediately correct wrong practices … and revoke relevant discriminatory restrictive measures”, adding that Beijing would closely monitor developments and “take all necessary measures” to safeguard its interests. The US Homeland Security Department on Monday ordered the removal of DeepSeek products and third-party services using the Chinese AI model from civilian federal agency IT systems. It also barred agencies from acquiring DeepSeek products or third-party services developed using the model. US banning Chinese AI DeepSeek from government agency IT systems DHS said DeepSeek models pose “multiple threat vectors” and raised concerns that their use could result in the transfer of sensitive data to China if used by US government employees ⁠or vendors. Beijing is “strongly dissatisfied and firmly opposes” the order, the commerce ministry said. China hopes the US will implement the consensus reached by the two leaders, work with China “in the same direction” and make full use of the China-US artificial intelligence dialogue mechanism, it added. [...]

Amazon to recruit over 300,000 workers for holiday season in first hiring jump in three years

October 20, 2026 2:02

Rupee registers gain against US dollar

October 20, 2026 1:59

Rubio to encourage India's Reliance to produce, refine more Venezuelan oil

October 20, 2026 1:56

MUMBAI: US Secretary of State Marco Rubio plans to encourage India’s Reliance Industries to refine more Venezuelan crude at its local refineries and potentially begin producing oil in the South American country, he told reporters in Mumbai on Tuesday. Rubio landed in India’s sweltering financial capital days after President Donald Trump waived potential sanctions on the world’s top buyers of Russian oil, a list that includes India. The move is likely to help pave the way for a trade deal between New Delhi and Washington, but has been panned by US lawmakers, who complain that the Trump administration has been far too soft on Moscow. During the two-day visit to Mumbai and Jamnagar in the western part of the country, Rubio is slated to meet government and business leaders, including Foreign Minister S. Jaishankar and billionaire Mukesh Ambani, chairman of Reliance Industries, which operates the world’s largest refining complex. Marco Rubio kicks off India visit with trade deal, Russian oil on agenda “We will talk about (refining more Venezuelan crude) tomorrow with Reliance…They have done so in the past, and I think as more and more of Venezuelan oil comes online, that is something they can do,” Rubio told reporters. Reliance’s two massive refineries at the Jamnagar complex, with a combined capacity of about 1.4 million barrels per day of crude oil, are able to process the ultra-heavy crudes coming out of Venezuela, some of which have a sludge-like consistency. As Venezuela’s oil production has increased following the Trump administration’s capture of former Venezuelan leader Nicolas Maduro in January, Reliance has emerged as a significant importer of the nation’s crude. Asked whether he would discuss the possibility of Reliance itself producing oil with Venezuela, Rubio said the matter had been discussed in the past, and that the matter would come up again. While Reliance is a major refiner of Venezuelan crude, it is not active inside the South American country. “We are going to go see what the holdup is and what opportunities exist…this is a company that has had a presence in Venezuela in the past, and whose refining capabilities are substantial,” he said. New Delhi, Washington close in on trade deal Rubio’s visit comes as Trump removed one potential stumbling block to a trade deal between the countries last Friday when he waived potential tariffs that would have punished New Delhi for its extensive purchases of Russian crude oil. Legislation signed by Trump in September authorizes the administration to impose tariffs of up to 100% on the top five importers of Russian oil, which would include India, which stands at number two on that list after China. Trump’s decision to waive all substantive provisions of that bill has upset both Democrats and Republicans who have pushed him to up economic pressure on Moscow for its war with Ukraine. Rubio has said the effort to finalize a trade deal was a factor in the decision to waive those tariffs, and a comprehensive trade deal is almost complete, raising the possibility that it could be signed during his visit. He said the Trump administration was entering a 60-day review period, during which it would consider which new tariffs, if any, to impose. While the Trump administration has in the past pressed India to cut Russian oil imports, the US signed a deal with Russia last week to import diesel in a bid to cut domestic fuel prices before the midterm elections, making it unclear to what extent that remains a foreign policy priority. “Every country has a complex set of factors that they have to take into account,” Rubio told reporters on Monday when asked about India’s Russian oil purchases. India imports more than 85% of its crude oil requirements to help power its fast-growing economy. Rubio’s India visit follows a trip to the Uzbekistan city of Samarkand, where he met Central Asian political and business leaders. [...]

PSX: selling continues, KSE-100 settles over 800 points lower

October 20, 2026 1:53

Energy and industrial stocks drag Sri Lankan shares lower

October 20, 2026 1:51

Most Gulf bourses in red after Houthis claim attacks on Saudi energy, airport sites

October 20, 2026 1:47

IMF calls for Pakistan to rationalise tax concessions, bring under-taxed sectors into net

October 20, 2026 12:45

Apple commits up to $100 million for US titanium in domestic manufacturing push

October 20, 2026 12:09

Apple said on Tuesday it has committed to purchasing up to $100 million of titanium over three years from a Pennsylvania-based company as part of the iPhone maker’s push to expand manufacturing in the United States. The purchase agreement with Perryman Company, part of Apple’s American Manufacturing Program, covers titanium for various products, including its first foldable phone, the iPhone Duo. Perryman will melt, forge and roll titanium with at least 80% recycled content at its site in Houston, Pennsylvania. Apple is also expanding its partnership with Delaware-based Qnity Electronics to cover production of films for the new variable-aperture camera system in the iPhone 18 Pro. Nearly 100 components in the iPhone Duo and iPhone 18 Pro are produced by American companies, drawn from suppliers in more than a dozen states, Apple said. Apple to host ‘Pro and tell’ event on October 28 in LA TSMC’s Arizona plant will produce more than 100 million chips for Apple in 2026, while Corning’s Kentucky facility will make all cover glass for iPhones and Apple Watches sold worldwide by the end of the year. Apple launched the American Manufacturing Program last year as part of its $600-billion, four-year commitment to US manufacturing. In August, Apple opened an Advanced Manufacturing Center in Houston, Texas, in the same facility that builds its AI servers and will begin making Mac minis this year. [...]

Pakistan, US make progress on trade deal, but technical issues remain

October 20, 2026 11:19

Pakistan and the United States have made substantial progress on several provisions of a proposed reciprocal trade agreement. However, Pakistan’s Commerce Secretary Jawad Paul said on Tuesday that a few technical issues remain to be discussed with the Office of the US Trade Representative (USTR). The development came during a meeting between Federal Minister for Commerce Jam Kamal Khan and United States Chargé d’Affaires Natalie A. Baker to discuss strengthening bilateral economic relations, accelerating ongoing trade agreement negotiations, expanding market access and exploring new opportunities for cooperation in agriculture, minerals, technology and investment. Both sides reviewed progress on the ongoing Pakistan–US bilateral reciprocal trade agreement negotiations and expressed their commitment to advancing discussions towards a mutually beneficial outcome. Secretary Commerce Jawad Paul, while briefing the meeting on the status of negotiations, informed that substantial progress had been achieved on several important provisions of the proposed agreement. A few technical points need to be discussed with the USTR. Rana Ihsaan Afzal Khan, Coordinator to the Prime Minister on Commerce and Industries, Secretary Commerce Jawad Paul and senior officials of the Ministry of Commerce also attended the meeting. Welcoming the US delegation, Federal Minister Jam Kamal Khan emphasised the importance Pakistan attaches to its longstanding economic partnership with the United States. He said both countries possess considerable potential to expand bilateral trade through enhanced market access, greater private-sector engagement and investment in emerging sectors. The minister highlighted Pakistan’s efforts to diversify its export markets and strengthen international commercial partnerships despite prevailing regional and global economic challenges. He said deeper economic engagement with the United States could create new opportunities for businesses, enhance industrial competitiveness and contribute to sustainable economic growth. The meeting also discussed market access opportunities for Pakistani agricultural products, particularly mangoes and dates. Secretary Commerce Jawad Paul highlighted the need to expedite the visit of relevant US inspection teams for mango export arrangements and sought progress on the pending market access process for Pakistani dates. He emphasised that greater access to the US market would create valuable export opportunities, particularly for growers and businesses in Balochistan. The US delegation welcomed the discussion and indicated its willingness to follow up with the relevant American authorities on these matters. Both sides also explored opportunities to enhance agricultural trade, particularly US exports of cotton and soybeans to Pakistan. Secretary Commerce Jawad Paul highlighted the importance of competitive pricing and trade financing in facilitating greater imports from the United States. Discussions included possible financing arrangements and closer coordination with relevant trade institutions and industry associations to strengthen bilateral agricultural commerce. Federal Minister Jam Kamal underlined Pakistan’s significant potential in agriculture, food processing, livestock and value-added production. He encouraged American companies to explore investment opportunities in modern agricultural machinery, food processing technologies, cold-chain infrastructure and improved farming practices. The minister also invited American businesses and agricultural organisations to participate in FoodAg 2026, scheduled to be held in Karachi from November 23 to 26. He said the exhibition would provide an important platform to connect international buyers and investors with Pakistan’s growing agricultural and food-processing industries. The US Chargé d’Affaires appreciated Pakistan’s efforts to promote agricultural trade and expressed interest in facilitating greater engagement between American agricultural technology companies and Pakistani businesses. Highlighting Balochistan’s economic potential, Jam Kamal identified dates, olive oil and other agricultural products as promising areas for value addition and export development. [...]

CCP greenlights Lotte Chemical Pakistan’s stake acquisition in Engro Polymer & Chemicals

October 20, 2026 10:56

The Competition Commission of Pakistan (CCP) has approved the proposed acquisition of a shareholding in Engro Polymer & Chemicals Limited (EPCL) by Lotte Chemical Pakistan Limited (LCPL) from Engro Corporation Limited, following a Phase-I competition assessment under the Competition Act, 2010, read a statement on Tuesday. LCPL is a public limited company engaged in the manufacture and supply of Purified Terephthalic Acid (PTA) in Pakistan. PTA is primarily used as a raw material in the production of polyester and polyethylene terephthalate (PET). EPCL, the target company, manufactures and supplies Polyvinyl Chloride (PVC), caustic soda, hydrogen peroxide and other chlor-alkali products. Back in March, Lotte Chemical Pakistan Limited announced its intention to acquire shares and control of EPCL. For its competition assessment, CCP identified PVC, caustic soda and hydrogen peroxide as the relevant product markets, with Pakistan constituting the relevant geographic market. The assessment found that LCPL does not operate in any of the identified relevant markets. Furthermore, neither LCPL nor any of its associated, affiliated or group companies purchases products from EPCL, read the statement. The proposed transaction therefore gives rise to neither a horizontal nor a vertical overlap between the merging parties. In the PVC market, EPCL is the sole domestic manufacturer, while imports provide an important competitive constraint. In the markets for caustic soda and hydrogen peroxide, EPCL holds comparatively lower market shares and competes with other market participants. CCP further observed that the proposed acquisition entails a change in the ownership and control of EPCL without, in itself, increasing the target company’s production capacity, sales or output. The transaction is therefore not expected to increase market concentration, create barriers to entry or materially enhance the market power of either party. Based on its Phase-I assessment, the regulator concluded that the proposed transaction is unlikely to substantially lessen competition or create or strengthen a dominant position in any of the relevant markets. The transaction has accordingly been authorised under Section 31(1)(d)(i) of the Competition Act, 2010. [...]

SpaceX quarterly revenue jumps, beats estimates as AI business surges

October 20, 2026 8:35

Govt raises petrol price by Re0.88, diesel by Re0.53 per litre

October 20, 2026 6:19

Maldives president arrives in Pakistan for three-day state visit

October 20, 2026 6:11

Maldivian President Mohamed Muizzu arrived in Islamabad on Tuesday for a three-day state visit to Pakistan, as the two countries mark 60 years of diplomatic relations. Muizzu, who is visiting Pakistan from October 20 to 22, was accompanied by First Lady Sajidha Mohamed and a high-level delegation comprising cabinet ministers and senior officials. Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry and Minister of State for Federal Education and Professional Training Wajiha Qamar received the visiting dignitaries at the airport. The visit marks the first time a Maldivian president has visited Pakistan in 11 years. The state visit reflects the longstanding ties between Pakistan and the Maldives and the two countries’ commitment to expanding bilateral cooperation across various sectors, according to the statement. [...]

All-rounder Minhas stars as Pakistan crush England in tri-series

October 20, 2026 5:04

RAWALPINDI: All-rounder Arafat Minhas struck a maiden ODI half-century and grabbed a career-best six wickets to anchor Pakistan’s convincing 87-run win over England in the tri-series in Rawalpindi on Tuesday. Minhas hit 59 off 58 balls and was ably assisted by Hasan Nawaz, whose 74-ball 79 lifted Pakistan to a solid 302-9. The versatile Minhas then took 6-40 with his beguiling left-arm spin as England were reduced to 215 all out in 38.4 overs. He also ran out the last England batter to cap a superb showing. England lost their last nine wickets for 95 runs after being well set at 120-1, with Tom Banton (57) and Ben Duckett (45) giving them a confident start. Minhas grabbed three crucial wickets, getting Banton caught off a miscued pull, bowling Harry Brook for five with a sharp turner, and then trapping Jordan Cox for 18. Minhas completed his second five-wicket haul when he dismissed Will Jacks for 19 and then had Jamie Overton for one. Banton smashed five fours and two sixes in his 53-ball knock. Naseem Shah snared the prized wicket of Joe Root for 33, and Haris Rauf removed a dangerous Sam Curran for 27 as England’s run chase faltered. Pakistan had also beaten Sri Lanka by 37 runs in the first game, with skipper Shaheen Shah Afridi pleased by the team’s progress. “As a team we have shown progress as we are looking to build towards next year’s World Cup,” said Shaheen. “The form of Arafat and the fast bowlers are good signs for us.” England captain Brook rued a lack of partnerships with the bat. “We were quite happy by limiting them under 300 and then the openers set the tone beautifully, but we could not put on partnerships and ended up on the wrong side,” said Brook. Nawaz and Minhas earlier lifted Pakistan from a precarious 133-5. Nawaz, who hit four sixes and five fours, added 78 for the sixth wicket with Minhas as England struggled to break their stand, dropping three catches. Minhas then added an invaluable 72 for the seventh wicket with Faheem Ashraf (39) as Pakistan added 91 runs in the last 10 overs. Minhas hit nine fours, while Ashraf’s knock included a six and five fours. England’s Gus Atkinson jolted Pakistan with the very first ball of the match to dismiss Fakhar Zaman, caught by Root at short mid-wicket. Sonny Baker made it 31-2 with the wicket of Saim Ayub for eight before Babar Azam (34) and Saad Baig (35) steadied the innings. England’s Baker took 3-65, while Atkinson finished with 2-35. England meet Sri Lanka in the third match on Thursday, also in Rawalpindi. [...]

Wall Street gains ground on healthcare stocks rally, oil retreat

October 20, 2026 4:55

Rebranding, relaunching, relapsing

October 20, 2026 4:52

On 1 April 1976, Steve Jobs cofounded Apple. Today, after 50 years, Apple is the world’s most valuable brand. Now what would have happened if the Apple board, when it removed Steve Jobs in 1985, immediately changed the name of the company to something other than Apple, and in September 1997, when Steve Jobs returned, changed the name of the company back to Apple, and in 2011, when Tim Cook replaced him as CEO, changed the name again? I know it’s hard to even imagine, but let’s say all of this had happened just with the company name and everything else stayed the same. Would the company still have built the same brand equity? Would it still be able to charge such a premium for its products? It is hard to imagine that it would. What Apple built over the last 50 years is brand equity, and not just through its products but through consistent messaging, design, experience and decisions. All of that accumulated meaning had one name to attach itself to. Now let’s take a flight from Cupertino to Islamabad and see what happened here. Apologies, still happening here. In 1992, PTV-2 was launched, which became PTV World in 1998. In 2007, it was taken off the air and replaced by the Urdu-language PTV News. In 2013, PTV World was relaunched, this time as a dedicated English-language news channel. After 12 years, in 2025, PTV World was rebranded, with a new logo, new colours and a relatively new name: Pakistan TV. Pakistan TV Digital was also launched alongside it, a genuinely new platform with its own newsroom and editorial framework, built to cover international events through a Pakistani lens. Here’s the part that undercuts the whole exercise. Pakistan TV, the channel that got the full visual overhaul, kept the exact same social media account it had as PTV World, same handle, same followers built up under a name that no longer exists, just a new logo and description pasted over it. The only part of this relaunch that built something new from scratch was the platform that didn’t need a rebrand in the first place. The part that did need one got a coat of paint on an old account and called it done. This is not just a PTV problem. This pattern is not new in Pakistan and has been happening for decades. Sometimes with organisations, most of the time with initiatives. Benazir Income Support Programme (BISP) launched in 2008, backed by an act of parliament, a cash-transfer programme built to last. Eleven years later, in 2019, Ehsaas arrived as the bigger umbrella, and BISP’s own branding quietly disappeared, even though BISP kept doing the actual work underneath it, running as the core piece of Ehsaas Kafalat. Then 2022, new government, and the reversal ran the other way. Ehsaas initiatives got renamed after Benazir, and BISP’s name came back in official communication. Not because the programme had changed. Because whoever was in charge had. The same was the case with the Prime Minister’s Youth Programme, which was launched in 2013, rebranded as the Kamyab Jawan Programme by the next government in 2019, and after the change of government in 2022, the Prime Minister’s Youth Programme name returned, while some initiatives continued under the broader youth-programme structure. The list can go on and on, and if we include examples from provincial governments, the list may never end. Some changes may come in the news because of public reaction, but the majority of them never even get a mention. A narrative needs a subject that stays still long enough for people to form a relationship with it. You cannot build a story around something whose name keeps changing under you. Every time the noun shifts, whatever narrative was being built has to start over, and most people don’t bother starting over; they just stop paying attention. Which might explain something bigger than branding. Maybe part of the reason the state struggles to tell a coherent story about itself is this exact habit, not the only reason, definitely not, but a real one, sitting quietly underneath the bigger explanations everyone reaches for first. And nobody’s counting what any of this costs. Not the logo redesign, not the new signage, not the reprinted forms, not the ad spend to make people learn a new name for something they already knew. There’s no line item anywhere that says: here’s what we spent teaching the country a name we’re going to un-teach them in three years. As long as nobody’s tracking that, and as long as the benefits of a launch are immediate while the cost of lost recognition is invisible and spread out, this is just going to keep happening. The incentive can become very one-sided. It doesn’t have to be this way, and it’s not like there’s no example to point to. Brazil’s Bolsa Família launched in 2003 and became the country’s flagship anti-poverty programme, recognised well beyond Brazil’s own borders. The name endured across different parties and presidents for close to twenty years. That’s accumulated brand equity. In 2021, a rival government changed the name to Auxílio Brasil. By March 2023, Bolsa Família was back. The episode proves the opposite lesson: a name can become bigger than whoever happens to be governing at the time, entrenched enough that abandoning it costs more than restoring it. There’s an irony sitting right inside the PTV story too. Its stated purpose, the reason it exists in this new form at all, is to provide an authoritative Pakistani voice to international audiences and cover international developments through a Pakistani lens. That’s a difficult case to make abroad when the channel can’t hold onto a coherent identity for itself at home. Nation branding doesn’t start with an international campaign. It starts with whether the domestic version of the story can survive its own government long enough to be worth telling in the first place. None of this means a name should never change. Sometimes it should: a mandate genuinely shifts, an old name carries baggage nobody wants attached anymore, an institution merges into something actually different. But a rename should have to answer a real question before it happens: what exactly are we gaining that’s worth spending the recognition we’ve already built? Right now, almost nothing here gets asked that question. A new government arrives, and changing the name becomes the easiest visible thing to do, even when the harder work is fixing what the name was attached to. Every government, whether provincial or federal, launches tons of initiatives, but I don’t remember when was the last time any one of them actually became a brand. Why? Because nothing sticks around long enough to earn the word. A brand is just a name that’s had time to accumulate meaning, good, bad, or mixed. Rename it every few years and you’re not building a brand, you’re resetting a counter. Whatever meaning had started to attach itself gets orphaned, and the new name starts again from zero, with no memory of what came before it and no credit for what worked. Governments change. That’s normal, expected, built into the system. What isn’t normal, or shouldn’t be, is treating the name as government property to be redecorated on arrival. The name was never the government’s to begin with. It belonged to whoever it had already reached. The article does not necessarily reflect the opinion of Business Recorder or its owners. [...]

Judicial commission calls Mir Raza probe an ‘epic failure’

October 20, 2026 4:19

A judicial commission investigating the death of Karachi businessman Mir Raza Ali has declared that he was murdered and described the police investigation into the case as an “epic failure”, finding that officers breached every procedure required for the case to withstand judicial scrutiny. “This case demonstrates an epic failure by the police in their investigation,” the 62-page report said. “The police breached all required procedures, both knowingly and unknowingly, necessary to withstand judicial scrutiny and a successful prosecution.” The Sindh cabinet decided on Tuesday to make the report public at a meeting chaired by Chief Minister Murad Ali Shah. The single-member commission, formed by the provincial government in August, examined 49 witnesses over 15 hearings. “It was a murder,” the report declared. It said the bullet trajectory, the unusual location of the wound, the absence of blood, the state of the body, acid burns and anaesthesia detected in the blood “all clearly excluded suicide as the cause of death.” Ali, 25, an Institute of Business Administration graduate who ran a waffle business, went missing on July 28 after leaving his PECHS home. His body was recovered the following morning in Gulistan-i-Jauhar with gunshot wounds. Police initially built the case around suicide, relying on the first post-mortem, but police surgeon Dr Summaiya Syed disputed its findings; the body was exhumed on August 8, and a second post-mortem concluded the death was caused by a gunshot wound to the back. Murder and destruction-of-evidence provisions were later added to the FIR. The commission described the police handling of the case as “like a rudderless ship, not aware of its destination,” and the investigation as ranging “from negligent to criminally negligent, inexplicable, casual, and unprofessional.” It said dozens of officers — authorised and unauthorized — collected evidence and interrogated crucial persons without documenting their actions, and that senior officers, driven by ego and “tunnel vision,” doubled down on the suicide theory instead of investigating further. Significantly, the report said an active cover-up in the initial stages “cannot be conclusively ruled out,” noting that senior officers swept clear investigative lapses under the carpet. “The police investigation failed in its most basic duty: to establish the truth,” it concluded. The commission recommended accepting the family’s request for a joint investigation team headed by DIG Irfan Baloch and including senior representatives of the ISI, the Intelligence Bureau, Pakistan Rangers (Sindh) and the National Cyber Crime Investigation Agency — calling it the “most viable path” to restore public trust. It said a significant portion of physical evidence had been compromised, meaning the case could now only be resolved through a rigorous, intelligence-based investigation. It also proposed a high-level committee, preferably led by the Federal Investigation Agency, to examine whether police officials involved in the probe’s first 10 days violated sections 201, 166(2) and 218 of the Pakistan Penal Code, and to initiate criminal action against those found culpable. The report further called on police to publicly acknowledge and apologise for their lapses and recommended reforms to investigation protocols, with a three-month timeframe for the exercise. The chief minister constituted a four-member sub-committee comprising Home Minister Ziaul Hassan Lanjar, Local Government Minister Nasir Hussain Shah, Labour Minister Saeed Ghani and the Sindh advocate general to ensure implementation of the report. [...]

French riots and looting hit supermarket chain Carrefour

October 20, 2026 3:51

LONDON: Carrefour is facing an “unprecedented situation” in France due to riots and looting, the supermarket chain’s CEO said on Tuesday, forcing the company to cut its annual profit margin targets as curfews and higher security costs hit its business. Carrefour said the unrest was hurting consumer confidence that was already weak due to a surge in fuel prices, and is reducing footfall at its stores as the key fourth-quarter trading period begins. “The direct costs add up to several tens of millions of euros … of stolen or destroyed merchandise, damaged stores, damaged equipment, and then there are also the stores we were forced to close,” Carrefour finance chief Matthieu Malige said on a call with journalists. France to deploy troops, admits to failures over weekend unrest “In the weeks to come we will continue to be impacted as some stores have to close earlier due to curfews, and more broadly we think we’re in a new situation marked by deep uncertainty for our customers,” he added. Malige said 50 Carrefour stores were directly hit by the riots, while many more were closed in anticipation of unrest, including on Sunday and Monday. He declined to give a total number of stores shut. Costs have increased as stores took measures to protect themselves, including by hiring external security guards, Malige said. [...]

France to deploy troops, admits to failures over weekend unrest

October 20, 2026 3:47

PARIS: France will reinforce police with troops and mount a huge security operation for more protests planned on Saturday, the government said on Tuesday, acknowledging failures in its response to last weekend’s violence. “The deployment next Saturday will be massive,” Prime Minister Sebastien Lecornu said, adding that the immediate priority was to restore order after rioting and looting swept Paris, Marseille, Lyon and other cities on October 17. In a sometimes rowdy debate, Interior Minister Laurent Nunez said the military would be deployed alongside police, while the government pledged to overhaul tactics after widespread criticism that city centres had been left vulnerable. France wants curfews in some areas after weekend of riots Targeted curfews help restore calm Framing the crisis as a choice “between violence and the Republic”, Lecornu blamed the unrest on far-left groups, who in turn have accused the government of underestimating public anger over high living costs and declining public services. The unrest shocked France because of both its scale and the apparent inability of police to contain it, inflaming tensions ahead of presidential elections next year with candidates from the far right and hard left performing strongly in polls. Protests in other European countries, including Italy and Albania, have added to concerns that anger over living standards risks spreading around the continent at a time when many nations, including France, are struggling with budget woes. A night of relative calm in France followed targeted curfews imposed in several areas affected by the turmoil, which the government said had helped reassert control. In central Paris, police emptied and guarded the Place de la Republique overnight, with a helicopter overhead. In Lille, in the north, where the curfew only applied to minors, officers patrolled the city centre, checking bypassers’ identities. Tear gas, clashes hit French cities in cost-of-living protests Marseille mayor Benoit Payan said there would be curfews for minors around the commercial areas hardest hit by the weekend’s riots, starting Tuesday night. Lecornu acknowledged shortcomings in the state’s response at the weekend, saying there had been intelligence failures, while police deployments had been too static and authorities had decided against cancelling planned police leave. Nunez apologised for the failings. “I deeply regret what happened. I accept my share of responsibility,” he said. Suspect arrested for limoges town hall destruction Parliament is setting up a commission of inquiry to establish the causes of the unrest, while authorities have assigned 200 investigators to identify and track down those involved in the street violence. Police arrested on Tuesday a man suspected of starting a blaze that destroyed a historic town hall in the central city of Limoges during the rioting. Officials said he had been on a security watch list and belonged to an ultra-left group. Students and teachers march in France on biggest day of high school protests Sylvain Maillard, a Renaissance deputy for Paris, told Reuters some apps had become “a walkie-talkie system for rioters and looters”. Underscoring the broad impact of the crisis, French borrowing costs rose further on Tuesday as investors fretted about the prospect of more unrest, with the yield on benchmark 10-year government bonds touching its highest level in 24 years. France’s main student union UNEF has called for further protests on Saturday, pledging to maintain pressure on Macron’s government over what it says is a deteriorating and underfunded education system. “We carry on,” it said on social media. Separately, groups identifying themselves as “Gilets Jaunes” (Yellow Vests) called for protest actions over rising fuel costs. The yellow vest movement, largely inactive in recent years, sprang up in 2018 during Macron’s first term over plans to raise petrol taxes. Traffic blockades continued for months until the government made costly concessions it can ill afford now. Italy faces new form of unrest, minister says Northern Italian cities, including the financial capital Milan, were also hit by riots last weekend. Though not on the scale seen in France, the unrest nonetheless jolted Prime Minister Giorgia Meloni’s government, which was expected to introduce new security measures at a cabinet meeting on Tuesday. Defence Minister Guido Crosetto described the disturbances as a form of “hybrid warfare” conducted through social media platforms such as TikTok, YouTube and other online networks. “The events in Milan and elsewhere in Italy are fundamentally different from those seen in other eras,” Crosetto wrote on X. “The West has yet to realise this or take any meaningful action in response.” In Milan’s central Corso Vittorio Emanuele II, sportswear retailer On and a Levi’s store that were targeted during the unrest had reopened on Tuesday but remained boarded up. Luxury stores had restored merchandise to window displays after temporarily removing it for security reasons. In Albania, protesters were expected to take to the streets of Tirana for a seventh consecutive day against the government of Prime Minister Edi Rama. [...]

Pakistan army chief arrives in Tehran for talks with senior Iranian officials

October 20, 2026 3:42

Field Marshal Asim Munir arrived in Tehran on Tuesday with a delegation of Pakistani officials to meet senior Iranian officials, Iran’s semi-official Mehr news agency reported. The visit is the latest in a series of trips to the Iranian capital by the chief of army staff and chief of defence forces as part of Pakistan’s ongoing mediation between Iran and the United States. On August 24, Field Marshal Munir visited Tehran alongside Interior Minister Mohsin Naqvi for talks focused on regional de-escalation, breaking the military stalemate and exploring a negotiated settlement. Islamabad’s mediation had produced an interim peace agreement, the Islamabad Memorandum, signed in June, but the accord quickly faltered amid renewed fighting between Iran and the US. The visit comes a day after Interior Minister Mohsin Naqvi reaffirmed Pakistan’s commitment to mediating between Washington and Tehran, telling the Global Security Forum in Doha that Islamabad “never gave up” on the peace efforts despite difficult moments during the conflict. Naqvi credited Field Marshal Munir with a “remarkable role” in bringing the two sides closer, and recalled the June 18 signing of the 14-point Islamabad Memorandum of Understanding and the subsequent Lake Lucerne Summit in Switzerland, organised jointly by Pakistan and Qatar. [...]

UEFA demands answers from FIFA over Infantino presidency

October 20, 2026 3:39

UEFA has sent a letter to FIFA seeking answers by November 2 about Gianni Infantino’s presidency, including questions over the FIFA Forward Enterprise (FFE) project and the FIFA Peace Prize. European soccer’s governing body UEFA has led calls for Infantino to resign since he proposed the now-abandoned FFE project, which involved creating a company to run the commercial interests of FIFA competitions, including the World Cup, and selling a minority stake to private investors. The 56-year-old, who is up for reelection next year, apologised to the FIFA Council last week and told attendees to submit any questions they had about his governance in writing so he could answer them at the next meeting on December 16. However, UEFA General Secretary Theodore Theodoridis wrote to his FIFA counterpart Mattias Grafstrom on Monday seeking a swift response to 42 questions covering 12 topics. Infantino promises further FIFA support for African football “These questions require answers now,” Theodoridis wrote. “They cannot be deferred until the next meeting of the FIFA Council - nor can future governance reforms substitute for scrutiny of decisions already taken and accountability for them… “We expect FIFA to provide the transparency required by its own governing body and to respond fully within the above deadline.” Reuters has seen a copy of the letter. “The FIFA Governance Regulations state that Council meetings and their associated documentation are confidential,” a spokesperson for world soccer’s governing body FIFA said on Tuesday. “While FIFA intends to reply to questions submitted by its Council members it has no intention of breaching confidentiality by commenting on internal communication and/or documentation to media. Gianni Infantino backs proposal for federation payments from FIFA “FIFA considers respect for these Regulations to be a function of respect for the Council itself and for its individual members. FIFA will always maintain this respect and will not be drawn into any exchange with any third parties that undermines this.” UEFA did not immediately respond to a request for comment. Infantino will stand for reelection in March 2027, with a November 18 deadline looming for potential candidates to submit their nominations. [...]

Opposition leader ordered to pay Rs3mn to Punjab minister in defamation case

October 20, 2026 3:39

Punjab Minister for Information and Culture Azma Bokhari won a defamation case against provincial assembly’s opposition leader Moeen Riaz Qureshi, with the Lahore Defamation Tribunal ordering him to pay Rs3 million in damages to the minister, a statement from the Directorate General Public Relations (DGPR) said on Tuesday. As per the details, Bokhari had filed a defamation suit seeking Rs84 million in damages against Moeen Riaz Qureshi under the Defamation Act. The case was filed before the Lahore Defamation Tribunal over remarks made by Moeen Qureshi during a television programme. In his remarks, Moeen Qureshi had alleged that Bokhari arranged for 150 to 200 paid individuals to enter the Punjab Assembly during the visit of the Khyber Pakhtunkhwa Chief Minister Sohail Afridi. He had also alleged that journalists who questioned KP CM were paid employees of Azma Bokhari. Bokhari rejected the allegations as “entirely false, fabricated and a malicious” attempt to damage her reputation, subsequently initiating legal proceedings against Moeen Qureshi. According to the tribunal, Moeen Qureshi himself acknowledged that he had made the statements in the television programme. The tribunal further observed that he had failed to produce evidence substantiating the allegations. His counsel also failed to establish, through their arguments, that Bokhari’s claim was unfounded. The tribunal issued its short order in the case, while the detailed judgment will be announced later. ‘Right to disagree is the strength of democracy’In his reaction to the verdict, the opposition leader said: “My voice cannot be suppressed through damages, and the voice I raise in support of public rights, the supremacy of the Constitution and Imran Khan cannot be silenced. “This verdict ordering me to pay damages raises serious questions about freedom of expression and democratic values. If speaking up for the rights of the people and demanding answers from those in power becomes such a grave offence that an attempt is made to impose damages worth millions of rupees, then this is not merely an issue concerning one individual, but one that affects democracy as a whole and the right to dissent. “Remember, the right to disagree is the strength of democracy, not its weakness. Attempting to respond to criticism through damages cannot prove a viewpoint wrong,” he wrote in a post on X. [...]

China says US DeepSeek ban disregards Xi-Trump consensus

October 20, 2026 2:51

Amazon to recruit over 300,000 workers for holiday season in first hiring jump in three years

October 20, 2026 2:02

Rupee registers gain against US dollar

October 20, 2026 1:59

Punjab by-polls: Notices served on minister, SAPM for 'violating' election code of conduct

November 21, 2025 1:33

This collage of pictures show Federal Minister of Power Sardar Awais Ahmad Khan Leghari and Special Assistant to the Prime Minister Huzaifa Rehman. —APP/NA website/FileShow-cause notices have been issued to Minister for Power Sardar Awais Ahmad Khan Leghari and Special Assistant to the... [...]

27th Amendment empowers FCC to hear all constitutional cases: minister

November 20, 2025 7:59

Minister of State for Law and Justice Barrister Aqeel Malik addressing an event on December 21, 2024. — Facebook@BarristerAqeelMalikState Minister for Law Aqeel Malik said on Thursday that the 27th Amendment has vested authority to hear constitutional matters in the Federal Constitutional... [...]

JF-17 attracts strong attention at Dubai Airshow as friendly country inks procurement MoU

November 20, 2025 5:25

Pakistan Air Force JF-17 Thunder fighter jet during World Defence Air Show 2024 held in Riyadh, Saudi Arabia, February 7, 2024. — PPI Pakistan's JF-17 Thunder garnered significant attention at the Dubai Airshow 2025, leading to the signing of a memorandum of understanding with a... [...]

US lawmakers laud Punjab govt's initiative to modernise brick-kiln

November 20, 2025 4:39

Punjab Chief Minister Maryam Nawaz attends ceremony in this undated image. — Facebook/@MaryamNSharifISLAMABAD: The Congressional Pakistan Caucus has applauded Punjab’s drive to modernise its brick-kiln sector, saying the reforms could serve as a pilot for eliminating bonded labour and... [...]

Security forces gun down 30 terrorists in multiple IBOs in KP: ISPR

November 20, 2025 4:38

Frontier Constabulary and army personnel gather stand guard in Kurram, January 17, 2025. — AFPSecurity forces killed 30 Indian proxy Fitna al-Khawarij terrorists during multiple intelligence-based operations carried out by security forces in Khyber Pakhtunkhwa , the military's media wing... [...]

MQM-P calls for new province in Sindh

November 20, 2025 3:56

Muttahida Qaumi Movement-Pakistan Convener Khalid Maqbool Siddiqui addresses a press conference in Karachi, November 20, 2025. — Screengrab via YouTube/Geo NewsKARACHI: With discussions on the 28th Amendment gaining momentum, the Muttahida Qaumi Movement–Pakistan has once again... [...]

US report validates Pakistan military edge over India: PM

November 20, 2025 3:55

Prime Minister Shehbaz Sharif addresses ceremony in Azad Jammu and Kashmir on November 20, 2025. — X/@GovtofPakistanPrime Minister Shehbaz Sharif on Thursday said a recent US report endorsing Pakistan’s downing of Indian aircraft stands as formal validation of the country’s... [...]

Banned TTP poses serious threat to Pakistan security: UNSC panel

November 20, 2025 10:24

Denmark’s Deputy Permanent Representative to United Nations and chair of UNSC's ISIL, Al-Qaeda Sanctions Committee Sandra Jensen Landi. — Screengrab via UN WebTV websiteThe chair of the United Nations Security Council's Daesh and Al-Qaeda Sanctions Committee has cautioned that the... [...]

CM Afridi clarifies remarks on by-poll after ECP requests army deployment

November 20, 2025 10:01

Khyber Pakhtunkhwa Chief Minister Sohail Khan Afridi addresses a gathering at Havelian, Abbottabad on November 19, 2025. — Facbook@ImMuhammadSohailAfridiISLAMABAD: Khyber Pakhtunkhwa Chief Minister Sohail Afridi on Thursday issued a clarification concerning his remarks on the NA-18 by-poll,... [...]

Dubai sees 3.2m Pakistani passengers in 2025 as airport sets new milestone

November 20, 2025 6:16

People sit at a coffee shop as they wait for their flight at the Dubai International Airport, in Dubai, United Arab Emirates, April 17, 2024. — ReutersDUBAI: Dubai International Airport handled 3.2 million passengers travelling from Pakistan in the first nine months of 2025, making the... [...]

Security forces kill 23 Indian proxy terrorists in KP's Kurram

November 20, 2025 5:08

Security forces are seen taking position during an operation. — ISPR/FileRAWALPINDI: Amid country's ongoing fight against the menace of terrorism, security forces have neutralised 23 Indian proxy Fitna al-Khawarij terrorists in separate engagements in Khyber Pakhtunkhwa's Kurram... [...]

Pakistan to construct island to boost oil exploration: report

November 19, 2025 6:26

Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas United States. — Reuters/FilePakistan's state-owned energy company, Pakistan Petroleum Limited , has announced plans for an artificial island to boost its oil exploration efforts.Islamabad has intensified its... [...]

Russia ready to mediate Pakistan's issues with India, Afghanistan: envoy

November 19, 2025 6:14

Russia's ambassador to Pakistan has extended his country's offer to mediate Islamabad's conflicts with India and Afghanistan, amid strained relations with its neighbouring countries.Islamabad's relations with India have remained tense since the four-day war in May, while the Afghan Taliban regime... [...]

Security forces neutralise four terrorists in KP IBOs

November 19, 2025 5:12

Soldiers ride on a Pakistan Army vehicle in this undated image. — AFP/FileFour terrorists affiliated with Indian proxy, Fitna al-Khawarij, were killed in a series of operations across Khyber Pakhtunkhwa from November 17 to 18, the Inter-Services Public Relations said on Wednesday.An... [...]

Reclassification of 41 candidates on reserved seats goes beyond SC mandate: Justice Mandokhail

November 19, 2025 4:38

Supreme Court's Justice Jamal Khan Mandokhail addresses an event related to Labour Day in Islamabad on May 1, 2025. — Screengrab/YouTube/Geo NewsISLAMABAD: Justice Jamal Khan Mandokhail has released a detailed dissent in the reserved seats case, stating that the ruling on 41 candidates... [...]

Abdul El-Sayed heckler linked to Republican strategist that was paid $250K to oppose him

October 20, 2026 6:11

Abdul El-Sayed heckler linked to Republican strategist that was paid $250K to oppose himA man who confronted Michigan Democratic Senate candidate Abdul El-Sayed over alleged Muslim Brotherhood ties is the son of a Republican strategist whose firm received $250,000 to campaign against him.According... [...]

Flights to Europe could get more expensive in 2027 as fuel costs surge, Ryanair warns

October 20, 2026 5:51

Flights to Europe could get more expensive in 2027 as fuel costs surge, Ryanair warnsEuropean air fares could increase by as much as 20 percent in 2027 as airlines face soaring fuel costs caused by the Middle East conflict, Ryanair chief executive Michael O'Leary has warned.According to The... [...]

CNN threatens to sue Trump administration again over Air Force One press ban

October 20, 2026 5:31

CNN threatens to sue Trump administration again over Air Force One press banCNN has threatened fresh legal action against US President Donald Trump's administration over restrictions preventing its journalists from covering the president aboard Air Force One.According to TheWrap, the network has... [...]

Attack on Australian MP Helen Haines highlights escalating threats to public figures

October 20, 2026 5:25

Attack on Australian MP Helen Haines highlights escalating threats to public figuresThe recent vehicle attack on independent Australian federal lawmaker Helen Haines in Wangaratta has underscored an alarming escalation in politically motivated violence and harassment across the country.Australian... [...]

Ilhan Omar's sister questioned by investigators amid US citizenship fraud probe

October 20, 2026 4:57

Ilhan Omar's sister questioned by investigators amid US citizenship fraud probeUS investigators have interviewed Minnesota Democratic congresswoman Ilhan Omar's sister, Sahra Noor, as part of an ongoing Justice Department investigation into possible immigration fraud.According to CNN, a law... [...]

Zelenskyy calls Rubio talks constructive after Trump eases Russia sanctions for 60 days

October 20, 2026 4:29

Zelenskyy calls Rubio talks constructive after Trump eases Russia sanctions for 60 daysUkrainian President Volodymyr Zelenskyy has described his latest conversation with US Secretary of State Marco Rubio as constructive, amid growing tensions with US President Donald Trump over Russia sanctions.In... [...]

Milan on high alert as Italy deploys 500 troops following days of riots and looting

October 20, 2026 4:09

Milan on high alert as Italy deploys 500 troops following days of riots and lootingItaly will deploy 500 soldiers to Milan following days of violent protests over rising living costs that led to clashes with police, vandalism and widespread looting.According to The Guardian, Italy’s Prime... [...]

Ex-Toronto Blue Jays player Richard Butler and wife accused of defrauding baseball families

October 20, 2026 3:45

Ex-Toronto Blue Jays player Richard Butler and wife accused of defrauding baseball familiesFormer Toronto Blue Jays player Richard Butler and his wife have been charged in connection with an alleged $60,000 fraud involving a youth baseball training programme in Ontario.Richard Butler, 53, and... [...]

Man charged after Australian MP Helen Haines loses leg in alleged car attack

October 20, 2026 3:25

Man charged after Australian MP Helen Haines loses leg in alleged car attackA 43-year-old man has been charged with three offences over an alleged targeted attack on Australian MP Helen Haines, who remains in a critical but stable condition in hospital.According to The Guardian, Brendan Nugent,... [...]

Zelenskiy meets Witkoff after Trump defends Russia; Kremlin eyes peace deal

October 20, 2026 2:53

Zelenskiy meets Witkoff after Trump defends Russia; Kremlin eyes peace dealUkrainian President Volodymyr Zelenskyy has joined high-stakes diplomatic talks in Norway alongside European leaders and U.S. special envoy Steve Witkoff. The crucial summit aims to shape a coordinated peace proposal... [...]

Who is Stephen Hubbard?

October 20, 2026 1:57

Who is Stephen Hubbard, the US citizen held by Russia?US special envoy Steve Witkoff is going to discuss the possible release of American citizen Stephen Hubbard from Russian detention with President Vladimir Putin this week, according to Reuters news agency.Here are details of Hubbard's case: WHO... [...]

Rubio addresses uncertainty over Ukraine interceptor deliveries

October 20, 2026 12:34

Rubio addresses uncertainty over Ukraine interceptor deliveriesOn Tuesday, US Secretary of State Marco Rubio recognized that a batch of interceptors purchased for Ukraine under the Prioritized Ukraine Requirements List program may not have been delivered, but stated that this was not due to any... [...]

Google confirms cloud outage 'mitigated' after 'power event' disrupts banks, courts

October 20, 2026 12:34

Google confirms cloud outage ‘mitigated’ after ‘power event’ disrupts banks, courtsGoogle in a recent update has confirmed that the “power event” which disrupted its London-based cloud computing services in the UK, banks and courts has been mitigated. Google... [...]

China calls for deeper APEC cooperation to stabilize challenged global economy

October 20, 2026 12:20

China calls for deeper APEC cooperation to stabilize challenged global economyChina has highlighted the critical role of the Asia-Pacific Economic Cooperation forum in steering the global economy through mounting geopolitical and financial headwinds.Speaking at the opening of the APEC Finance... [...]

Google Cloud outage hits London as Revolut services face disruption

October 20, 2026 10:11

Google Cloud outage hits London as Revolut services face disruptionMultiple Google Cloud services experienced a major outage in the London region on Tuesday in the midst of disrupted services of British digital bank Revolut. The Revolut banking app is reportedly down as users are facing... [...]

اب بھی لانگ مارچ کرکے وفاقی حکومت گراسکتے ہیں، اسد قیصر

October 20, 2026 6:10

سابق اسپیکر قومی اسمبلی اور پی ٹی آئی رہنما اسد قیصر نے دعویٰ کیا ہے کہ اب بھی لانگ مارچ کرکے وفاقی حکومت گراسکتے ہیں۔جیو نیوز کے... [...]

میر رضا کیس، کمیشن رپورٹ پر عملدرآمد کیلئے کابینہ کی ذیلی کمیٹی قائم

October 20, 2026 6:10

میر رضا کیس سے متعلق جوڈیشل کمیشن کی رپورٹ پر عمل درآمد کے لیے کابینہ کی ذیلی کمیٹی قائم کردی گئی۔صوبائی کابینہ کے فیصلے کے تحت وزیر... [...]

ایمرجنسی نفاذ کے بعد بہتر سمجھا گیا تو ان کو حفاظتی تحویل میں لیا گیا، عطا تارڑ

October 20, 2026 6:10

وفاقی وزیر اطلاعات و نشریات عطا تارڑ نے کہا ہے کہ ایمرجنسی کے نفاذ کے بعد بہتر سمجھا گیا تو ان کو حفاظتی تحویل میں لیا گیا۔جیو نیوز کے... [...]

سردیوں میں ایل این جی کے 18 کارگوز خریدنے کا ہدف مقرر

October 20, 2026 5:10

فائل فوٹو۔سردیوں میں لیکویفائیڈ نیچرل گیس کے 18 کارگوز خریدنے کا ہدف مقرر کیا گیا ہے۔ ذرائع پیٹرولیم ڈویژن کے مطابق پیٹرولیم ڈویژن... [...]

فیصل آباد سے سائبر کرائم میں ملوث 2 ملزمان گرفتار

October 20, 2026 5:10

نیشنل سائبر کرائم انویسٹی گیشن ایجنسی نے فیصل آباد سے سائبر کرائم میں ملوث 2 ملزمان گرفتار کرلیے۔این سی سی آئی اے کے مطابق گرفتار... [...]

پولیس ٹیم پر فائرنگ، لائبہ اعجاز مبینہ خودکشی میں نامزد زیر حراست ملزم نعمان ہلاک

October 20, 2026 5:10

لائبہ اعجاز مبینہ خودکشی کیس میں تھانہ رمنا کی حدود میں پولیس ٹیم پر فائرنگ کا واقعہ پیش آیا ہے، جس کے دوران زیر حراست ملزم نعمان... [...]

ایمان مزاری، ہادی علی کیس، اسٹیٹ کونسل کے ناموں کی فہرست طلب

October 20, 2026 5:10

انسداد دہشت گردی عدالت اسلام آباد کے جج طاہر عباس سپرا نے ایمان مزاری اور ہادی علی کے خلاف کیس میں ایڈووکیٹ جنرل کو خط لکھتے ہوئے... [...]

بانی پی ٹی آئی نے اسد قیصر کے بھائی کو وزیراعلیٰ بنانے سے انکار کیا تھا: بیرسٹر محمد علی

October 20, 2026 4:10

فوٹو: فائل سابق مشیر اطلاعات خیبر پختونخوا بیرسٹر محمد علی سیف نے کہا ہے کہ بانی پی ٹی آئی نے اسد قیصر کے بھائی کو وزیراعلیٰ بنانے سے... [...]

ملتان میں 15 سالہ لڑکے کی موت: وزیراعلیٰ پنجاب نے یتیم خانہ کی رجسٹریشن درخواست مسترد کردی

October 20, 2026 4:10

وزیراعلیٰ پنجاب مریم نواز۔فوٹو: فائل وزیراعلیٰ پنجاب مریم نواز نے گزشتہ روز پیش آئے واقعے کے بعد یتیم خانہ کی رجسٹریشن کی درخواست... [...]

خیبر پختونخوا میں پیشگی اجازت کے بغیر اسکولوں عمارتوں کی توسیع پر پاپندی

October 20, 2026 4:10

علامتی فوٹوخیبر پختونخوا میں پیشگی اجازت کے بغیر اسکولوں کی عمارتوں کی توسیع پر پاپندی عائد کردی گئی۔پرائیویٹ اسکولز ریگولیٹری... [...]

ڈاؤ یونیورسٹی کے 27 ملازمین کی تعلیمی ڈگریاں جعلی ثابت ہونے کا انکشاف

October 20, 2026 3:10

فائل فوٹو۔ڈاؤ یونیورسٹی کراچی کے 27 ملازمین کی تعلیمی ڈگریاں جعلی ثابت ہونے کا انکشاف ہوا ہے۔ کراچی سے پبلک اکاؤنٹس کمیٹی کے... [...]

انسداد دہشت گردی کیلئے ملے 800 ارب کا آڈٹ کرایا جائے گا، ثمر بلور

October 20, 2026 3:10

خیبر پختونخوا کی مشیر اطلاعات ثمر بلور نے کہا ہے کہ انسداد دہشت گردی کے لیے صوبے کو ملنے والے 800 ارب روپے کا آڈٹ کرایا جائے گا۔پشاور... [...]

ایم پاکس وائرس پھیلانے میں ملوث غیرقانونی اسپتال سیل کر دیا، سندھ ہیلتھ کیئرکمیشن

October 20, 2026 3:10

ایم پاکس وائرس پھیلانے میں ملوث ایک غیرقانونی اسپتال کو سیل کر دیا گیا۔ کراچی سے سندھ ہیلتھ کیئر کمیشن کے ترجمان کے مطابق تفتیش میں... [...]

احسن اقبال پارلیمنٹ لابیز کو نو اسموکنگ ایریا قرار دینے کا مطالبہ

October 20, 2026 2:10

وفاقی وزیر احسن اقبال نے قومی اسمبلی میں پارلیمنٹ کی لابیز کو نو اسموکنگ ایریا قرار دینے کا مطالبہ کردیا۔انہوں نے کہا کہ پارلیمنٹ کی... [...]

محمود اچکزئی مائنس نہیں ہو رہے، ان پر عمران خان کو مکمل اعتماد ہے، بیرسٹر گوہر

October 20, 2026 2:10

چیئرمین پاکستان تحریک انصاف بیرسٹر گوہر نے کہا ہے کہ محمود اچکزئی مائنس نہیں ہو رہے، عمران خان کا اُن پر مکمل اعتماد ہے۔پارلیمنٹ... [...]

جنگی طیارے حوثی حملوں کے خلاف سعودی عرب کا دفاع کریں گے، برطانوی وزیر دفاع

October 20, 2026 7:10

فائل فوٹوبرطانوی وزیر دفاع نے کہا ہے کہ برطانیہ کے جنگی طیارے حوثی حملوں کے خلاف سعودی عرب کا دفاع کریں گے۔ایک بیان میں برطانوی... [...]

سعودی شہزادی مشاعل بنت سعود بن محمد بن عبدالعزیز انتقال کر گئیں

October 20, 2026 6:10

سعودی ایوان شاہی کے مطابق شہزادی مشاعل بنت سعود بن محمد بن عبدالعزیز انتقال کر گئیں۔سعودی پریس ایجنسی کے مطابق بیان میں کہا گیا کہ... [...]

ریاض ایئرپورٹ کا فلائٹ آپریشن محدود اور سخت شرائط کے ساتھ بحال، نوٹم

October 20, 2026 5:10

فوٹو: ریاض ایئرپورٹحوثی باغیوں کے حالیہ حملوں کے بعد 10 اکتوبر سے عارضی طور پر بند سعودی دارالحکومت ریاض کے کنگ خالد انٹرنیشنل... [...]

نئی دلی، 100 سالہ تاریخی مسجد 6 روز میں خالی کرنے کا نوٹس

October 20, 2026 4:10

بھارتی دارالحکومت نئی دلی ریس کورس کی 100 سال پرانی تاریخی مسجد کو 6 روز میں خالی کرنے کا نوٹس جاری کردیا گیا۔میڈیا رپورٹس کے مطابق... [...]

فرانس میں کئی روز سے جاری احتجاج زور پکڑ گیا

October 20, 2026 3:10

فرانس میں کئی روز سے جاری احتجاج زور پکڑ گیا، بڑھتی مہنگائی، بے روزگاری اور تعلیمی سہولتوں کے فقدان پر شہری سڑکوں پر آگئے۔فرانس میں... [...]

ترکیہ، قطر، پاکستان اور انڈونیشیا کے درمیان دفاعی صنعتی تعاون کے معاہدہ پر کل دستخط متوقع

October 20, 2026 12:10

فائل فوٹو۔ترکیہ، قطر، پاکستان اور انڈونیشیا کے درمیان دفاعی صنعتی تعاون کا معاہدہ طے پا گیا ہے۔ انقرہ سے ترک میڈیا کے مطابق چار ملکی... [...]

صدر پیوٹن کی امریکی نمائندہ خصوصی اسٹیو وٹکوف سے ملاقات جلد ہوسکتی ہے، کریملن

October 20, 2026 12:10

روسی صدارتی محل کریملن کے مطابق روسی صدر پیوٹن کی امریکی نمائندہ خصوصی اسٹیو وٹکوف سے ملاقات جلد ہوسکتی ہے۔ ماسکو سے کریملن کے مطابق... [...]

برطانیہ کا سعودی عرب کیلئے دفاعی مشن شروع کرنے کا فیصلہ، لڑاکا طیارے تعینات کرے گا

October 20, 2026 12:10

تصویر: رائٹرز۔برطانیہ نے سعودی عرب کے لیے دفاعی مشن شروع کرنے کا فیصلہ کیا ہے۔ سعودی عرب میں دفاعی مشن پر رائل ایئر فورس کے لڑاکا... [...]

برطانیہ میں گوگل کلاؤڈ کی سروس متاثر، متعدد اداروں کا آن لائن نظام معطل

October 20, 2026 11:10

فوٹو: فائلبرطانیہ میں گوگل کلاؤڈ کی سروس متاثر ہوگئی جس کے باعث متعدد اداروں کا آن لائن نظام معطل ہوگیا۔ برطانوی میڈیا کی رپورٹ کے... [...]

گفٹ اسکیم کی دستاویزات میں ٹال مٹول، اوورسیز پاکستانی پریشان، اسحاق ڈار سے نوٹس لینے کی اپیل

October 20, 2026 10:10

اسحاق ڈار---فائل فوٹوکار ایکسپورٹر ایسوسی ایشن فار پاکستان کے صدر انجینئر راشد محمود اعوان نے خلیجی ممالک میں پاکستانی سفارت خانوں... [...]

آبنائے ہرمز میں 2 ٹینکر بحری بارودی سرنگوں سے ٹکرا گئے: ایرانی پاسدارانِ انقلاب

October 20, 2026 9:10

— فائل فوٹوایرانی پاسدارانِ انقلاب کی جانب سے کہا گیا ہے کہ آبنائے ہرمز میں 2 ٹینکر بحری بارودی سرنگوں سے ٹکرا گئے۔ایرانی پاسدارانِ... [...]

فولڈ ایبل آئی فون کی بیٹری کتنی طاقتور ہے؟ صلاحیت باضابطہ طور پر سامنے آگئی

October 20, 2026 9:10

— فائل فوٹو امریکی ٹیکنالوجی کمپنی ایپل نے اپنے پہلے فولڈ ایبل اسمارٹ فون’آئی فون ڈو‘ کی بیٹری کی تفصیلات بتا دی ہیں۔بین الاقوامی... [...]

کائنات اربوں سال سے مستحکم کیسے؟ کوانٹم فزکس نے سمجھا دیا

October 20, 2026 9:10

— فائل فوٹو سائنس دانوں نے ایک نئی تحقیق میں ایسا ممکنہ طریقۂ کار دریافت کیا ہے جو یہ سمجھنے میں مدد دے سکتا ہے کہ کائنات اربوں سال سے... [...]

خطرات کا علم ہے، لیکن بنگلا دیش واپس جانا میری ذمے داری ہے: شیخ حسینہ

October 20, 2026 9:10

شیخ حسینہ — فائل فوٹوسابقہ بنگلا دیشی وزیرِ اعظم شیخ حسینہ کا کہنا ہے کہ مجھے گرفتاری، تشدد یا قتل کا خطرہ ہے لیکن حامیوں کے ساتھ... [...]

غلاموں کی تجارت، دورۂ گیانا میں کنگ چارلس کو معافی مانگنے کے مطالبات کا سامنا ہو گا؟

October 20, 2026 8:10

---فوٹو بشکریہ غیر ملکی میڈیا برطانوی شاہ چارلس کے آئندہ ہفتے گیانا کے دورے سے قبل بحرِ اوقیانوس کے پار غلاموں کی تجارت میں برطانیہ کے... [...]

پیٹرول اور ڈیزل مہنگا کردیا گیا

October 20, 2026 6:10

اگلے ایک روز کیلئے پیٹرولیم مصنوعات کی نئی قیمتوں کا اعلان کردیا گیا۔ جس کا نوٹیفکیشن بھی جاری کردیا گیا۔نوٹیفکیشن کے مطابق پیٹرول... [...]

پی ایس ایکس میں آج بھی منفی رجحان، انڈیکس 814 پوائنٹس کم ہوگیا

October 20, 2026 2:10

فوٹو: فائلپاکستان اسٹاک ایکسچینج میں آج کاروباری ہفتے کے دوسرے روز بھی منفی رجحان رہا۔ پی ایس ایکس 100 انڈیکس 814 پوائنٹس کم ہو کر ایک... [...]

وزیر اعظم نے آٹو پالیسی 31-2026 کی منظوری دے دی، پیداوار، برآمدات اور مسابقت بڑھانے کی تجاویز شامل

October 20, 2026 1:10

فوٹو: فائلوزیراعظم شہباز شریف نے آٹو پالیسی 31-2026 کی منظوری دے دی، نئی آٹو پالیسی کے تحت گاڑیوں کی برآمدات 6 ارب ڈالر تک بڑھانے کا ہدف... [...]

سونے کی فی تولہ قیمت میں 3600 روپے کی بڑی کمی

October 20, 2026 12:10

فوٹو: فائلملک میں آج سونے کی فی تولہ قیمت میں 3600 روپے کی بڑی کمی ہوگئی۔ آل پاکستان جیمز اینڈ جیولرز ایسوسی ایشن کے مطابق اس کمی کے... [...]

کراچی: مرغی کا گوشت مہنگا

October 20, 2026 4:10

— فائل فوٹوکراچی میں مرغی کے گوشت کی قیمت میں اضافہ ہو گیا جس کے بعد یہ بھی عام آدمی کے لیے خریدنا مشکل ہو گیا۔اکتوبر میں زندہ مرغی 110... [...]

یکم جنوری 2027 سے بجلی کا نیا بنیادی ٹیرف مقرر کرنے کا پہلا مرحلہ شروع

October 19, 2026 6:10

یکم جنوری 2027 سے بجلی کا نیا بنیادی ٹیرف مقرر کرنے کا پہلا مرحلہ شروع ہوگا، سینٹرل پاور پرچیزنگ ایجنسی نے بجلی خریداری قیمت طے کرنے... [...]

پیٹرول اور ڈیزل کی قیمت میں بڑی کمی

October 19, 2026 5:10

اگلے ایک روز کیلئے پیٹرولیم مصنوعات کی نئی قیمتوں کا اعلان کردیا گیا۔پیٹرول کی قیمت میں 5 روپے 16پیسے فی لیٹر جبکہ ڈیزل کی قیمت میں 7... [...]

حکومتی قرضوں میں یومیہ 20 ارب روپے اضافے کی خبر درست تصویر پیش نہیں کرتی، وزارتِ خزانہ

October 19, 2026 5:10

وزارت خزانہ نے حکومتی قرضوں میں اضافے سے متعلق وضاحت کرتے ہوئے کہا کہ حکومتی قرضوں میں یومیہ 20 ارب روپے اضافے کی خبر درست تصویر پیش... [...]

پہاڑی علاقوں میں ایل پی جی 600 روپے فی کلو تک پہنچ گئی، عرفان کھوکھر

October 19, 2026 5:10

چیئرمین ایل پی جی ڈسٹری بیوٹرز ایسوسی ایشن عرفان کھوکھرکا کہنا ہے کہ اوگرا نے اکتوبر کےلیے ایل پی جی کی قیمت 279 روپے فی کلو مقرر کی... [...]

پی ایس ایکس: آئندہ ہفتے شرح سود اضافے کے بازاری تبصروں پر 100 انڈیکس منفی رہا

October 19, 2026 2:10

فائل فوٹومہنگائی قابو کرنے کیلئے آئندہ ہفتے شرح سود اضافے کے بازاری تبصروں پر پاکستان اسٹاک اکیسچینج میں 100 انڈیکس منفی رہا۔... [...]

ملک میں آج سونے کی فی تولہ قیمت برقرار

October 19, 2026 1:10

فوٹو: فائلملک میں سونے کی فی تولہ قیمت میں آج کوئی تبدیلی نہیں ہوئی، سونے کا گزشتہ بھاؤ ہی برقرار ہے۔آل پاکستان صرافہ جیمز اینڈ... [...]

روس پر پابندیوں میں نرمی کے بعد عالمی منڈی میں تیل کی قیمتوں میں کمی

October 19, 2026 3:10

---فائل فوٹوایشیائی منڈیوں میں خام تیل کی قیمتوں میں کمی کا سلسلہ جاری ہے۔ برینٹ خام تیل کی قیمت 1 اعشاریہ 5 فیصد سے زائد کمی کے بعد 107... [...]

لاہور: روٹی کی قیمت میں 3 روپے اضافہ

October 18, 2026 6:10

—فائل فوٹولاہور میں 17 روپے کی فروخت ہونے والی روٹی 3 روپے اضافے کے بعد 20 روپے میں بیچی جارہی ہے۔شہریوں کا کہنا ہے کہ روٹی 3 روپے مہنگی... [...]

عالمی مارکیٹ میں خام تیل کی قیمتوں میں اضافہ

October 18, 2026 4:10

—فائل فوٹوعالمی منڈی میں تیل کی قیمتوں میں اضافے کا رجحان برقرار ہے۔آبنائے ہرمز میں بحری جہازوں اور ٹینکروں کو نشانہ بنائے جانے کے... [...]

خام تیل کی قیمتوں میں نمایاں اضافے کے باوجود مہنگائی قابو میں ہے، گورنر اسٹیٹ بینک

October 17, 2026 3:10

گورنر اسٹیٹ بینک جمیل احمد : فائل فوٹو گورنر اسٹیٹ بینک جمیل احمد کا کہنا ہے کہ خام تیل کی قیمتوں میں نمایاں اضافے کے باوجود مہنگائی... [...]

It’s no secret what the best financial advice for retirement is — but most people ignore it anyway

October 20, 2026 8:57

Research can prove a lot of facts, but that doesn’t mean it changes how people act. [...]

Netflix vows to revive viewership trends, but investors hit ‘sell’ on the stock

October 20, 2026 8:54

Streaming service cites “intense competition’ and acknowledges ‘some investor concern about our view hours growth.” [...]

Bull markets tend to peak with a whimper, not a bang — but a 15% correction for the S&P 500 may be next

October 20, 2026 8:45

Unlike bear-market bottoms, which typically end with a spasm of despair as traders throw in the towel, bull-market tops are far more gradual and less dramatic. [...]

The Social Security Administration corrected millions of records, and says there’s more to fix

October 20, 2026 8:26

In an effort to thwart fraud, the Social Security Administration said it has fixed millions of records and is working on correcting millions more. [...]

Wall Street researchers just used Claude to design a drug. The experiment has spawned a new investment thesis.

October 20, 2026 7:35

For years, artificial-intelligence evangelists have boasted about the technology’s capacity to revolutionize drug development and medical research. [...]

Here’s what matters most to Tesla investors heading into earnings

October 20, 2026 6:15