Author: Finance for Sight

A Russian drone attack on Kyiv killed two people, sparked fires in apartment buildings and forced the evacuation of tens of people, Ukraine’s State Emergency Service said early on Sunday. A woman died after falling debris from a destroyed drone sparked a fire in a high-rise residential building the capital’s Dniprosvkyi district, the emergency service posted on the Telegram messaging channel. Ukraine destroys 100 of 179 Russian drones in overnight attack At least 27 were evacuated from the building. Another person died in the overnight attack on Kyiv’s Holosiivskyi district, the service said.

NEW YORK: Oil prices were steady on Friday and headed for a second consecutive weekly gain as fresh U.S. sanctions on Iran and the latest output plan from the OPEC+ producer group raised expectations of tighter supply. Brent crude futures was up 3 cents at $72.03 a barrel by 10:52 a.m. EDT [1452 GMT]. U.S. West Texas Intermediate crude futures rose 14 cents, or 0.2%, to $68.21. On a weekly basis, Brent was on track to rise more than 2% and WTI about 1.7%, marking their biggest gains since the first week of the year. The U.S. Treasury on Thursday…

WASHINGTON: Donald Trump’s Middle East envoy Steve Witkoff said the US president was trying to head off armed conflict with Iran by building trust with Tehran in remarks broadcast on Friday. In an interview with online news anchor Tucker Carlson published on X, Witkoff said Trump’s recent letter to the Iran’s government had not been intended as a threat. The United States and Iran are longtime foes and relations are at a new low after new Israeli strikes against targets in Gaza and threats to shipping from Yemen’s Houthi. On March 7, Trump said he had written to Iran’s supreme…

GAZA CITY: Palestinian president Mahmud Abbas’s Fatah movement called on its rivals Hamas on Saturday to relinquish power in order to safeguard the “existence” of Palestinians in the Gaza Strip. “Hamas must show compassion for Gaza, its children, women and men,” Fatah spokesman Monther al-Hayek said in a message sent to AFP from Gaza. He called on Hamas to “step aside from governing and fully recognise that the battle ahead will lead to the end of Palestinians’ existence” if it remains in power in Gaza. Hamas seized power in Gaza in 2007 from the Fatah-dominated Palestinian Authority, and subsequent attempts…

After hitting a record high in the previous session, some profit-taking was witnessed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 ending the final trading session of the week with a loss of over 300 points. The market kicked off trading on a positive note, with the KSE-100 hitting an intra-day high of 119,405.92. However, profit-taking wiped out early gains and the benchmark index settled at 118,442.18 level, down by 327.60 points or 0.28%. Selling pressure was observed in key sectors including automobile assemblers, cement, commercial banks, power generation and refineries. Index-heavy stocks including HUBCO, ARL, MARI, PPL,…

CAIRO: At least 130 Palestinians were martyred and 263 wounded in the past 48 hours of Israel’s offensive on Gaza, the Palestinian enclave’s health ministry said Saturday. Israeli strikes kill over 400 in Gaza, say Palestinians, ceasefire on brink Israel has resumed bombing and ground operations in the Gaza Strip as it presses Hamas to free remaining Israeli hostages. In a related development, Israeli artillery fire and airstrikes hit southern Lebanon on Saturday after Israel said it had intercepted rockets fired from across the border, threatening a shaky truce that ended a year long war between Israel and Hezbollah.** That…

Gold prices in Pakistan declined further on Saturday, in line with their decline in the international market. In the local market, gold price per tola reached Rs318,000 after a single-day fall of Rs800. Similarly, 10-gram gold was sold at Rs272,633 after it registered a decline of Rs686, as per All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The international rate of gold also decreased on Saturday. As per APGJSA, the rate was at $3,022 per ounce (with a premium of $20), a decline of $9 during the day. On Friday, gold price per tola decreased by Rs2,000. Meanwhile, silver price remained…

GAZA CITY: Hamas on Saturday accused the United States of distorting the truth by saying the Palestinian group had chosen war with Israel by refusing to release hostages. “The claim that ‘Hamas chose war instead of releasing the hostages’ is a distortion of the facts,” Hamas said in a statement in response to the accusation from US National Security Council spokesman Brian Hughes on Tuesday. He had said: “Hamas could have released hostages to extend the ceasefire but instead chose refusal and war.” The Palestinian group added that Israeli Prime Minister Benjamin Netanyahu “rejected these initiatives and deliberately sabotaged them…

WASHINGTON: The United States said Friday it was terminating the legal status of hundreds of thousands of immigrants, giving them weeks to leave the country. President Donald Trump has pledged to carry out the largest deportation campaign in US history and curb immigration, mainly from Latin American nations. The order affects around 532,000 Cubans, Haitians, Nicaraguans and Venezuelans who came to the United States under a scheme launched in October 2022 by Trump’s predecessor Joe Biden and expanded in January the following year. They will lose their legal protection 30 days after the Department of Homeland Security’s order is published…

Pakistan’s apparel exports have achieved a historically high level of $6.2 billion during the first eight months of the current financial year 2024-25, registering a growth of around 19% compared to the same period last year. The figures were disclosed to Federal Minister for Commerce Jam Kamal Khan during an internal meeting at the Ministry of Commerce with Shakeel Ahmed Mangnejo, Special Secretary, Commerce and Mudassar Raza Siddiqi, Director General (Textile). According to a statement released by the commerce ministry on Saturday, Siddiqi apprised the minister that Pakistan’s textiles and apparel industry has remained resilient in the face of global…