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  • PSX closes at new record high as bulls add over 1,200 points

    PSX closes at new record high as bulls add over 1,200 points

    KARACHI — The Pakistan Stock Exchange (PSX) extended its record-breaking rally on Friday, with the benchmark KSE-100 Index surging by 1,262.41 points, or 0.97%, to close at an all-time high of 131,949.06.

    Buying gained momentum during the second half of the session, pushing the index up by nearly 1,100 points by 3:55pm. Market activity was buoyed by strong interest in key sectors including automobile assemblers, cement, commercial banks, oil marketing companies, and power generation.

    Index-heavyweight stocks such as HUBCO, SSGC, WAFI, HCAR, HBL, MCB, and MEBL traded firmly in the green, contributing to the rally.

    The latest bullish spell follows Thursday’s gains, when the benchmark index rose by 342 points (0.26%) to settle at 130,686.66. Market sentiment has remained optimistic amid recent macroeconomic policy developments, including the government’s decision to lower National Savings Scheme rates, reduce electricity tariffs for industrial users, and accelerate privatisation of state-owned enterprises.

    Analysts said improved clarity on fiscal and structural reforms continues to draw institutional and retail investors to the market, as the KSE-100 inches closer to the 132,000 milestone.


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  • Bilal Fibres eyes diversification as operations remain halted

    Bilal Fibres eyes diversification as operations remain halted

    LAHORE — Bilal Fibres Limited (PSX: BILF) has reported that its core operations remained suspended during the period ended June 30, 2025, with no business activity undertaken.

    In a move aimed at revival, the company’s Board of Directors has approved the establishment of a new division focused on emerging sectors such as information technology, health technology, and electric vehicles (EVs), according to the company’s progress report issued to the Pakistan Stock Exchange.

    The strategic shift was first communicated to shareholders on May 16, 2025, marking a potential transition from traditional manufacturing to a more diversified business model.

    To operationalize this pivot, Bilal Fibres is currently in discussions with key stakeholders, including sector-specific technical experts and consultants, to finalize a comprehensive business plan. Once completed, the plan will be disclosed to shareholders via the Pakistan Unified Corporate Action Reporting System (PUCARS).

    The initiative signals the company’s intent to re-enter the business landscape through forward-looking industries, leveraging innovation to rebuild long-term sustainability.


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  • Syria ready to work with US to return to 1974 disengagement deal with Israel – World

    Syria ready to work with US to return to 1974 disengagement deal with Israel – World

    Syria said on Friday it was willing to cooperate with the United States to reimplement the 1974 disengagement agreement with Israel, which created a UN-patrolled buffer zone separating the two countries’ forces.

    In a statement following a phone call with his US counterpart Marco Rubio, Asaad al-Shaibani expressed Syria’s “aspiration to cooperate with the United States to return to the 1974 disengagement agreement”.

    Washington has been pushing diplomatic efforts towards a normalisation deal between Syria and Israel, with envoy Thomas Barrack saying last week that peace between the two was now needed.

    Speaking to The New York Times, Barrack confirmed this week that Syria and Israel were engaging in “meaningful” US-brokered talks to end their border conflict.

    Following the toppling of longtime Syrian ruler Bashar al-Assad in December, Israel deployed its troops into the UN-patrolled zone separating Syrian and Israeli forces.

    It has also launched hundreds of air strikes on military targets in Syria and carried out incursions deeper into the country’s south.

    Syria and Israel have technically been in a state of war since 1948.

    Israel conquered around two-thirds of the Golan Heights from Syria during the 1967 Arab-Israeli war, before annexing it in 1981 in a move not recognised by much of the international community.

    A year after the 1973 war, the two reached an agreement on a disengagement line.

    As part of the deal, an 80-kilometre-long (50-mile) United Nations-patrolled buffer zone was created to the east of Israeli-occupied territory, separating it from the Syrian-controlled side.

    Israeli Foreign Minister Gideon Saar said on Monday that his country had an “interest” in normalising ties with Syria and neighbouring Lebanon.

    He however added that the Golan Heights “will remain part of the State of Israel” under any future peace agreement.

    Syrian state media reported on Wednesday that “statements concerning signing a peace agreement with the Israeli occupation at this time are considered premature”.

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  • Tsolov takes second consecutive pole for Campos Racing

    Tsolov takes second consecutive pole for Campos Racing

    Nikola Tsolov fired in a late lap to take his second Aramco Pole Position Award in a row.

    The Campos Racing driver had been bettered by title contender Rafael Câmara going into the final attempts, but one last improvement put the Bulgarian back to P1. He finished ahead of Ugo Ugochukwu, who wound up second for PREMA Racing, with Câmara having to settle for third.

    With the tyre preparation laps complete, TRIDENT set the early pace with Câmara going to the top on a 1:46.318, 0.2s ahead of teammate Noah Stromsted in second. Ugochukwu split them on his first attempt, going to within 0.023s of the Brazilian’s effort.

    Tim Tramnitz delivered his first time to go top of the pile, but only briefly, as Tsolov followed to smash the time to beat with a 1:45.655, some 0.3s quicker than the MP driver in second.

    Tasanapol Inthraphuvasak made it a Campos 1-3, slotting into third with his initial attempt.

    Everyone returned to the pitlane for a fresh set of Hard tyres and returning to the track with just over 15 minutes of the session remaining.
    Tramnitz cut the gap down to 0.2s to Tsolov, while teammate Bruno del Pino slotted into third for the Dutch team on their next attempts.

    Behind them though, Câmara delivered a 1:45.176 to surge to the top of the times, 0.479s quicker than Tsolov’s initial benchmark time.

    Stromsted put in an improvement also to go third overall with just over 10 minutes to go, while Charlie Wurz followed a few minutes later to go fourth.

    With five minutes left, the circuit got busy once again. Théophile Nael moved Van Amersfoort Racing up to second to cut the deficit to provisional pole sitter Câmara down to 0.3s.

    Tramnitz followed that up to go second for MP, 0.296s behind the TRIDENT, but Tsolov returned to P1 with a 1:45.043 with less than half a minute to go.

    Ugochukwu then went to P2 with his final attempt and just 0.023s off the top spot. Câmara had a poor middle sector on his last lap and could only manage third in the end.

    Boya moved to fourth on his final turn ahead of Tramnitz and Wurz. Martinius Stenshorne followed in P7, with Laurens van Hoepen in eighth, Nael ninth and Noel León in 10th. Christian Ho wound up 11th for DAMS Lucas Oil, while Tasanapol Inthraphuvasak completed the top 12 positions and is set to line up on reverse grid pole for Saturday’s Sprint Race.

    The Formula 3 Sprint Race is scheduled to get underway on Saturday at 09:15 local time.

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  • Russia recognises the Taliban: Which other countries may follow? | Conflict News

    Russia recognises the Taliban: Which other countries may follow? | Conflict News

    Russia has become the first country to accept the Taliban government in Afghanistan since the group took power in 2021, building on years of quieter engagement and marking a dramatic about-turn from the deep hostilities that marked their ties during the group’s first stint in power.

    Since the Taliban stormed Kabul in August four years ago, taking over from the government of then-President Ashraf Ghani, several nations – including some that have historically viewed the group as enemies – have reached out to them. Yet until Thursday, no one has formally recognised the Taliban.

    So what exactly did Russia do, and will Moscow’s move pave the way for others to also start full-fledged diplomatic relations with the Taliban?

    What did Russia say?

    The Russian Ministry of Foreign Affairs released a statement saying that Moscow’s recognition of the Taliban government will pave the way for bilateral cooperation with Afghanistan.

    “We believe that the act of official recognition of the government of the Islamic Emirate of Afghanistan will give impetus to the development of productive bilateral cooperation between our countries in various fields,” the statement said.

    The Foreign Ministry said it would seek cooperation in energy, transport, agriculture and infrastructure.

    How did the Taliban respond?

    Afghanistan’s Ministry of Foreign Affairs wrote in an X post on Thursday that Russian ambassador to Kabul Dmitry Zhirnov met Afghan Foreign Minister Amir Khan Muttaqi and conveyed the Kremlin’s decision to recognise the Taliban government in Afghanistan.

    Muttaqi said in a video posted on X: “We value this courageous step taken by Russia, and, God willing, it will serve as an example for others as well.”

    What is the history between Russia and Afghanistan?

    In 1979, troops from the Soviet Union invaded Afghanistan to establish a communist government. This triggered a 10-year war with the Afghan mujahideen fighters backed by US forces. About 15,000 Soviet soldiers died in this war.

    In 1992, after rockets launched by rebel groups hit the Russian embassy in Kabul, Moscow closed its diplomatic mission to Afghanistan.

    The Russian-backed former president, Mohammad Najibullah, who had been seeking refuge in a United Nations compound in Kabul since 1992, was killed by the Taliban in 1996, when the group first came to power.

    During the late 1990s, Russia backed anti-Taliban forces in Afghanistan, including the Northern Alliance led by former mujahideen commander Ahmad Shah Massoud.

    Then, on September 11, 2001, suicide attackers, affiliated with the armed group al-Qaeda, seized United States passenger planes and crashed into two skyscrapers in New York City, killing nearly 3,000 people. This triggered the so-called “war on terror” by then-US President George W Bush.

    In the aftermath of the attack, Russian President Vladimir Putin was one of the first foreign leaders to call Bush and express his sympathy and pledge support. Putin provided the US with assistance to attack Afghanistan. Russia cooperated with the US by sharing intelligence, opening Russian airspace for US flights and collaborating with Russia’s Central Asian allies to establish bases and provide airspace access to flights from the US.

    In 2003, after the Taliban had been ousted from power by the US-led coalition, Russia designated the group as a terrorist movement.

    But in recent years, as Russia has increasingly grown concerned about the rise of the ISIS-Khorasan (ISIS-K) group – a regional branch of the ISIS/ISIL armed group – it has warmed to the Taliban. The Taliban view ISIS-K as a rival and enemy.

    Since the Taliban’s return to power in 2021, accompanied by the withdrawal of US forces supporting the Ghani government, Russia’s relations with the group have become more open. A Taliban delegation attended Russia’s flagship economic forum in Saint Petersburg in 2022 and 2024.

    With the ISIS-K’s threat growing (the group claimed a March 2024 attack at a concert hall in Moscow in which gunmen killed 149 people), Russia has grown only closer to the Taliban.

    In July 2024, Russian President Putin called the Taliban “allies in the fight against terrorism”. Muttaqi met Russian Foreign Minister Sergey Lavrov in Moscow in October 2024.

    In April 2025, Russia lifted the “terrorist” designation from the Taliban. Lavrov said at the time that “the new authorities in Kabul are a reality,” adding Moscow should adopt a “pragmatic, not ideologised policy” towards the Taliban.

    How has the rest of the world engaged with the Taliban?

    The international community does not officially recognise the Taliban. The United Nations refers to the administration as the “Taliban de facto authorities”.

    Despite not officially recognising the Taliban as the government of Afghanistan, several countries have recently engaged diplomatically with the group.

    China: Even before the US pulled out of Afghanistan, Beijing was building its relations with the Taliban, hosting its leaders in 2019 for peace negotiations.

    But relations have picked up further since the group returned to power, including through major investments. In 2023, a subsidiary of the state-owned China National Petroleum Company (CNPC) signed a 25-year contract with the Taliban to extract oil from the basin of the Amu Darya river, which spans Central Asian countries and Afghanistan. This marked the first major foreign investment since the Taliban’s takeover.

    In 2024, Beijing recognised former Taliban spokesperson Bilal Karim as an official envoy to China during an official ceremony, though it made clear that it was not recognising the Taliban government itself.

    And in May this year, China hosted the foreign ministers of Pakistan and the Taliban for a trilateral conclave.

    Pakistan: Once the Taliban’s chief international supporter, Pakistan’s relations with the group have frayed significantly since 2021.

    Islamabad now accuses the Taliban government of allowing armed groups sheltering on Afghan soil, in particular the Tehreek-e-Taliban Pakistan (TTP), to target Pakistan. TTP, also called the Pakistani Taliban, operates on the border of Afghanistan and Pakistan, and is responsible for many of the deadliest attacks in Pakistan in recent years. Afghanistan denies Pakistan’s allegation.

    In December 2024, the Pakistani military launched air strikes in Afghanistan’s Paktia province, which borders Pakistan’s tribal district of South Waziristan. While Pakistan said it had targeted sites where TTP fighters had sought refuge, the Taliban government said that 46 civilians in Afghanistan were killed in the air strikes.

    This year, Pakistan also ramped up the deportation of Afghan refugees, further stressing ties. Early this year, Pakistan said it wants three million Afghans to leave the country.

    Tensions over armed fighters from Afghanistan in Pakistan continue. On Friday, the Pakistani military said it killed 30 fighters who tried to cross the border from Afghanistan. The Pakistani military said all the fighters killed belonged to the TTP or its affiliates.

    Still, Pakistan has tried to manage its complex relationship with Afghanistan. In April this year, Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar met Muttaqi and other Afghan officials in Kabul. Dar and Muttaqi spoke again in May.

    India: New Delhi had shut its Kabul embassy in 1996 after the Taliban took over. India refused to recognise the group, which it viewed as a proxy of Pakistan’s intelligence agencies.

    New Delhi reopened its embassy in Kabul after the Taliban was removed from power in 2001. But the embassy and India’s consulates came under repeated attacks in the subsequent years from the Taliban and its allies, including the Haqqani group.

    Yet since the Taliban’s return to Kabul, and amid mounting tensions between Pakistan and the group, India’s approach has changed. It reopened its embassy, shut temporarily in 2021, and sent diplomats to meet Taliban officials. Then, in January 2025, Indian Foreign Secretary Vikram Misri flew to Dubai for a meeting with Muttaqi.

    And in May, India’s Foreign Minister S Jaishankar spoke to Muttaqi over the phone, their first publicly acknowledged conversation.

    Iran: As with Russia and India, Iran viewed the Taliban with antagonism during the group’s rule in the late 1990s. In 1998, Taliban fighters killed Iranian diplomats in Mazar-i-Sharif, further damaging relations.

    But it views ISIS-K as a much bigger threat. Since the Taliban’s return to Kabul, and behind closed doors, even earlier, Tehran has been engaging with the group.

    On May 17, Muttaqi visited Iran to attend the Tehran Dialogue Forum. He also met with Foreign Minister Abbas Araghchi and President Massoud Pezeshkian.

    After Russia, will others recognise the Taliban?

    While each country will likely decide when and if to formally recognise the Taliban government, many already work with the group in a capacity that amounts, almost, to recognition.

    “Afghanistan’s neighbouring countries don’t necessarily have much of an option but to engage with the Taliban for both strategic and security purposes,” Kabir Taneja, a deputy director at the New Delhi-based Observer Research Foundation, told Al Jazeera.

    “Most would not be doing so out of choice, but enforced realities that the Taliban will be in Afghanistan for some time to come at least.”

    Taneja said that other countries which could follow suit after Russia’s recognition of the Taliban include some countries in Central Asia, as well as China.

    “Russia’s recognition of the Taliban is a geopolitical play,” Taneja said.

    “It solidifies Moscow’s position in Kabul, but more importantly, gives the Taliban itself a big win. For the Taliban, international recognition has been a core aim for their outreach regionally and beyond.”


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  • Bulls in Charge at PSX as KSE-100 Index Surges 6% This Week – ProPakistani

    1. Bulls in Charge at PSX as KSE-100 Index Surges 6% This Week  ProPakistani
    2. PSX nears 132,000 as bulls charge on  The Express Tribune
    3. PSX extends record rally on robust buying  Dawn
    4. PSX soars: KSE-100 gains 7,570 points in first week of fiscal year  Daily Times
    5. A bull market is a good time  Business Recorder

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  • Major study finds hearing devices dramatically improve social engagement – McKnight's Long-Term Care News

    1. Major study finds hearing devices dramatically improve social engagement  McKnight’s Long-Term Care News
    2. Hearing Loss and Loneliness  People’s Defender
    3. Hearing Aids Are a Boon To Social Life, Study Finds  U.S. News & World Report
    4. Hearing aids associated with improved mental well-being and social connection  Daily Jang
    5. Hearing devices significantly improve social lives of those with hearing loss  EurekAlert!

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  • Oasis reunion tour: Fans ‘absolutely buzzing’ as Cardiff gears up for first show of comeback tour – live updates

    Oasis reunion tour: Fans ‘absolutely buzzing’ as Cardiff gears up for first show of comeback tour – live updates

    ‘Adam’s last words were ‘I’ll be there with you’’published at 14:43 British Summer Time

    Kris Bramwell
    BBC News

    Adam and Sam are smiling at the camera. They are stood in a field. Adam is wearing sunglasses.Image source, Sam Randall
    Image caption,

    Sam Randall (right) will be remembering his Oasis-loving friend Adam, who died earlier this year

    Sam Randall, 41, in Maidenhead, Berkshire, is going to the gig tonight with his old school friends Rollo and Pete. They went to secondary school together and “collectively all got into Oasis around the same time in 1995”.

    However, there is one person missing from the group – Adam Conrad Pratt.

    “In 1997, after plenty of pleading with our mums (we were barely aged 14 or 15), we managed to get tickets to see Oasis on their Be Here Now tour at Earls Court. Later that year, Adam and I saw them again at Wembley Arena. Oasis became our band! The soundtrack to our youth.

    “In 2020, Adam was diagnosed with colon cancer. He faced it with courage and determination, undergoing multiple surgeries and treatments.”

    So when the reunion tour was announced, the friends were “beyond excited”. Then Adam’s cancer returned aggressively around Christmas 2024.

    “After a brave fight, Adam passed away at home in California in February surrounded by his family.

    “I was lucky enough to have one final call with him just days before. Though weak, he still managed to joke and laugh. I’ll never forget him saying, ‘I’ll be there down the front with you boys at the gig’.

    “In honour of Adam, we’ll be wearing custom t-shirts I designed for the concert. He may not be there in person, but he’ll be with us in every word we sing!”

    BBC Your Voice, Your BBC News banner image. The writing is in black and white. There are head and shoulder shots of people, coloured blue, against red backgrounds.

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  • Scientists Create “Living Bricks” To Build Homes on Mars – SciTechDaily

    1. Scientists Create “Living Bricks” To Build Homes on Mars  SciTechDaily
    2. Bioplastic habitats on Mars could be built from algae  New Scientist
    3. How synthetic lichens can launch Martian construction  Construction Dive
    4. A 3-D printed, plastic beaker could help algae grow on Mars  Science News
    5. Bioplastic shelters support algae growth in Mars-like conditions for space habitats  Phys.org

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  • The MacRumors Show: Apple’s Plan to Launch Low-Cost MacBook With iPhone Chip

    The MacRumors Show: Apple’s Plan to Launch Low-Cost MacBook With iPhone Chip

    On this week’s episode of The MacRumors Show, we discuss Apple’s apparent plan to launch a low-cost MacBook powered by an iPhone chip.

    Earlier this week, Apple analyst Ming-Chi Kuo reported that Apple is set to launch an all-new “affordable” MacBook powered by an iPhone chip. The machine is expected to feature a 13-inch display, the A18 Pro chip, and color options that include silver, blue, pink, and yellow. MacRumors first spotted evidence of such a device in backend code related to Apple Intelligence last summer, and subsequently confirmed its use of the A18 Pro chip. The machine features the identifier “Mac17,1.”

    This would be the first Mac powered by an ‌iPhone‌ chip. To date, all Apple silicon Macs have contained M-series chips, which offer higher core counts, support for larger amounts of memory, and better external display support. The A18 Pro chip debuted in the iPhone 16 Pro last year.

    With the A18 Pro chip, the device is highly unlikely to feature Thunderbolt ports, more than 8GB of unified memory, and support for more than one external display. In line with how Apple tends to handle its other low-cost devices, the new MacBook could re-use the design and chassis of an older machine like the M1 MacBook Air to keep costs down and differentiate it from the MacBook Air. Apple could also revive the simple “MacBook” moniker, separating it from the MacBook Air and MacBook Pro, and mirroring the iPad lineup, which simply has the iPad as the entry-level model.

    According to Kuo, the new MacBook is expected to enter mass production late in the fourth quarter of 2025 or early in the first quarter of 2026, which situates launch in the first half of next year.

    We also discuss Apple’s broader low-cost device strategy, how it seems to be positioning its device lineups going forward, and more. The MacRumors Show has its own YouTube channel, so make sure you’re subscribed to keep up with new episodes and clips.

    You can also listen to The MacRumors Show on Apple Podcasts, Spotify, Overcast, or your preferred podcasts app. You can also copy our RSS feed directly into your podcast player.

    If you haven’t already listened to the previous episode of The MacRumors Show, catch up to hear is talk through through the changes introduced in the second developer beta of iOS 26.

    Subscribe to The MacRumors Show for new episodes every week, where we discuss some of the topical news breaking here on MacRumors, often joined by interesting guests such as Kevin Nether, John Gruber, Mark Gurman, Jon Prosser, Luke Miani, Matthew Cassinelli, Brian Tong, Quinn Nelson, Jared Nelson, Eli Hodapp, Mike Bell, Sara Dietschy, iJustine, Jon Rettinger, Andru Edwards, Arnold Kim, Ben Sullins, Marcus Kane, Christopher Lawley, Frank McShan, David Lewis, Tyler Stalman, Sam Kohl, Federico Viticci, Thomas Frank, Jonathan Morrison, Ross Young, Ian Zelbo, and Rene Ritchie.

    The MacRumors Show is on X @MacRumorsShow, so be sure to give us a follow to keep up with the podcast. You can also head over to The MacRumors Show forum thread to engage with us directly. Remember to rate and review the podcast, and let us know what subjects and guests you would like to see in the future.


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