BREAKING NEWS
Advertise with us >

PSX 100 Index continues bullish run, hits new record

PSX 100 Index

KARACHI:  The Pakistan Stock Exchange (PSX) maintained its strong upward momentum on Tuesday, with the KSE-100 Index reaching a new historical high of 185,000 points during intraday trading.

The benchmark index was trading at 185,023 points, up by 2,615 points, as investor optimism continued to drive market activity.

Yesterday, the KSE-100 had closed at 182,408 points, gaining 3,373 points. Over the first four trading sessions of the new year, the index has already surged by 11,151 points, reflecting sustained confidence in the market.

Market analysts attribute the rally to positive investor sentiment, encouraging economic indicators, and expectations of policy stability, which have kept buying activity robust.

Court grants relief to Rajab Butt, Nadeem Mubarak in Gambling app case

Court grants relief

LAHORE: Famous TikTokers Rajab Butt and Nadeem Mubarak have received relief from the court in a case related to the promotion of a gambling application.

The matter was heard in the Sessions Court Lahore, where Additional Sessions Judge Mansoor Ahmed Qureshi took up the interim bail petitions filed by the two accused. Rajab Butt and Nadeem Mubarak were presented before the court under strict security arrangements.

During the hearing, the court granted time to the investigating officer to submit the relevant record and extended the interim bail of both accused until January 26.

Earlier in the day, the NCCIA requested additional time to submit the investigation report. Counsel for the NCCIA informed the court that the investigating officer was engaged in proceedings at the High Court, and sought an extension for submitting the record.

The court kept the bail petitions pending, marked the attendance of Rajab Butt and Nadeem Mubarak, and subsequently allowed them to leave the courtroom.

Hollywood Star Will Smith faces sexual harassment lawsuit

Hollywood Star

Los Angeles: Hollywood actor and rapper Will Smith is facing a new legal challenge, with allegations of sexual harassment, wrongful termination, and retaliation made by a male associate involved in his 2025 music tour. The lawsuit has been filed in the Superior Court of California, Los Angeles.

The plaintiff, Brian King Joseph, stated that he was hired as a violist in November 2024 for a San Diego show and was later offered participation in Smith’s 2025 tour and the upcoming album based on a true story.

The lawsuit claims that Smith allegedly adopted a predatory approach, gradually grooming Joseph for sexual exploitation. Joseph alleges that Smith told him at one point, “Our relationship is special; I don’t have this kind of connection with anyone else.”

A central incident highlighted in the case occurred in March 2025 in Las Vegas during one of Smith’s performances. Joseph claims that a bag containing his hotel room key went missing, and he later found that someone had entered his room. A handwritten note reading, “Brian, I’ll be back… just us”, accompanied by a heart symbol, reportedly left Joseph in fear.

Joseph further stated that additional items in the room included wipes, a beer bottle, a red bag, HIV medications in another person’s name, hair, and hospital discharge documents. Fearing a potential sexual assault, Joseph reported the matter to hotel security, Smith’s representatives, and the police non-emergency line. However, he claims that a member of Smith’s management team later humiliated him and terminated his employment, causing him PTSD and other psychological issues.

In response, Will Smith’s attorney, Alan B. Gradsky, strongly denied all allegations, calling them “baseless, false, and irresponsible”, and stated that Smith would pursue all legal avenues to establish the truth.

It is notable that Will Smith released his album Based on a True Story in March 2025. He performed at the House of Blues in Las Vegas on March 20, 2025, and his tour officially began in June 2025 in Rabat, Morocco. The case has since drawn significant attention in the entertainment industry.

ATC announces verdict in May 9 digital terrorism case

ATC announces

ISLAMABAD: An Anti-Terrorism Court (ATC) in Islamabad has announced its verdict in the digital terrorism case related to the May 9 incidents, involving online activities against state institutions.

During the trial, the prosecution presented a total of 24 witnesses. The case was heard by Judge Tahir Abbas Supra, who delivered the reserved verdict.

 Prosecutor Raja Naveed Hussain Kiani appeared on behalf of the state, while Advocate Gulfam Ashraf Goraya represented the accused. The court had appointed Advocate Goraya as defense counsel, noting that anti-terrorism laws allow trials to proceed in the absence of the accused.

The court sentenced Adil Raja, Haider Mehdi, Wajahat Saeed, Sabir Shakir, and Moeed Pirzada to two life sentences each for digital terrorism.

In addition, the ATC handed down a cumulative sentence of 35 years’ imprisonment under other charges and imposed a fine of Rs 1.5 million on each convict.

The court completed the trial in absentia at the request of the prosecution and had earlier reserved its verdict.

According to case details, in the Abpara police station case, Sabir Shakir, Moeed Pirzada, and Syed Akbar Hussain were awarded life imprisonment, while Shaheen Sahbai, Haider Mehdi, and Wajahat Saeed were also convicted. In a separate case registered at Ramna police station, Shaheen Sahbai, Haider Mehdi, and Wajahat Saeed were sentenced accordingly.

The verdict marks a significant development in the legal proceedings related to the May 9 unrest and alleged digital incitement against state institutions.

Iranian leadership reacts strongly to Trump’s threat of intervention over protests

Iranian leadership

Tehran/Washington: Iranian leadership has issued a strong response to US President Donald Trump’s warning of American intervention in Iran in the event of violence against peaceful protesters.

Ali Shamkhani, adviser to Iran’s Supreme Leader Ayatollah Seyyed Ali Khamenei, warned that any interventionist hand moving toward Iran’s security would be cut off. In a statement posted on the social media platform X, Shamkhani said the Iranian nation is well aware of America’s past “rescue missions,” whether in Iraq, Afghanistan, or Gaza.

Meanwhile, Ali Larijani, Secretary of Iran’s National Security Council, also responded to President Trump’s remarks in an English-language post on X. He said that following recent statements by Trump and Israeli officials, behind-the-scenes activities have now become clear.

Larijani stressed that Iran clearly distinguishes between peaceful protesting traders and acts of unrest and agitation. He warned that U.S. interference in Iran’s internal affairs would destabilize the entire region and harm American interests.

He further cautioned that the American public should be aware that this adventurism was initiated by President Trump himself, and therefore they should remain mindful of the safety of U.S. troops.

The reaction follows President Trump’s statement on his Truth Social account, where he said that if Iran uses violence against peaceful demonstrators or kills them, the United States would intervene to protect them. Trump added that the U.S. is fully prepared to act to safeguard protesters.

Trump warns of US intervention if Iran uses force against protesters

Trump warns

Washington/Tehran: US President Donald Trump has warned that the United States would intervene if Iranian authorities use violence against peaceful protesters.

In a statement posted on his Truth Social account, President Trump said that if Iran attacks or kills peaceful demonstrators, the United States will step in to protect them. He added that the U.S. is fully prepared to act to safeguard protesters.

Reacting strongly to the warning, Ali Larijani, adviser to Iranian Supreme Leader Ayatollah Ali Khamenei, said that any US interference in Iran’s internal protests would be equivalent to spreading chaos in the region. He stressed that President Trump should understand that American intervention would only fuel instability.

The remarks come amid violent protests in Iran against rising inflation and the sharp decline in the national currency. According to reports, clashes between Iranian security forces and protesters have resulted in six deaths, while 30 protesters have been arrested in recent days.

Tensions remain high as international attention grows over the unrest and the possibility of foreign involvement.

Bangladesh Cricket Board announces series against Pakistan

Bangladesh Cricket Board

Dhaka: The Bangladesh Cricket Board (BCB) has officially announced an upcoming bilateral series against Pakistan, with matches scheduled across March and May 2026.

According to the announcement, the Pakistan cricket team will tour Bangladesh in March 2026 for a three-match One Day International (ODI) series. The ODI matches will be played on March 12, 14, and 16, 2026.

In addition, Pakistan will return to Bangladesh in May 2026 for a two-match Test series, which will be part of the ICC World Test Championship. The first Test is scheduled for May 8, followed by the second Test on May 16.

The Pakistan team is set to arrive in Bangladesh on May 4, 2026, ahead of the Test series.

The Bangladesh Cricket Board stated that the venues for both the ODI and Test series will be announced at a later date.

Usman Khawaja announces retirement, speaks out against racial bias

Usman Khawaja

Sydney: Australian Test cricketer Usman Khawaja has announced his retirement from international cricket, while also expressing deep disappointment over what he described as racial bias and discriminatory treatment from sections of former players and the media.

During his retirement announcement, Khawaja said he had always felt different within the Australian team, adding that this feeling persists even now and stemmed from his background.

“I have always felt different in the Australian setup. Even today, that feeling remains, and it was because of where I come from,” he said.

Khawaja acknowledged that the Australian cricket team represents the nation’s pride and excellence but revealed that he was often treated differently. “I believe this is Australia’s best team and a source of pride, but in many situations, I felt people behaved differently towards me,” he added.

Highlighting his identity, Khawaja said, “I am a proud Muslim of Pakistani origin who was once told he would never play for Australia. Look at me now — if I can do it, so can you.”

The 39-year-old also addressed criticism surrounding his recent fitness issues, explaining that a back strain was beyond his control. He said verbal attacks from media figures and former players were difficult to endure.

“I could tolerate it for a day or two, but I faced it for almost five days,” he said.

Usman Khawaja will play his 88th and final Test match in Sydney, the same ground where he made his Test debut against England 15 years ago, bringing his distinguished international career full circle.

Salman Khan once offered to work for free for Rajesh Khanna

Salman Khan

Mumbai: Bollywood superstar Salman Khan had once offered to work without remuneration in a film starring legendary actor Rajesh Khanna in an attempt to purchase Khanna’s iconic bungalow, Aashirwad, Indian media reports have revealed.

According to reports, during a difficult phase in Rajesh Khanna’s life marked by severe financial troubles, Salman Khan approached him with an offer to buy the famous bungalow and additionally proposed to act for free in one of Khanna’s films.

However, Rajesh Khanna reportedly doubted Salman’s intentions, rejected the offer, and accused him of attempting to financially and socially undermine him.

Rajesh Khanna had purchased Aashirwad in the early 1970s from actor Rajendra Kumar for Rs 350,000. Khanna believed that selling the house would weaken his standing, both financially and socially.

Author Gautam Chintamani, in his book Dark Star: The Loneliness of Being Rajesh Khanna, writes that after moving into Aashirwad, Khanna lived with a regal aura, often holding court while seated on a high chair, wearing his signature silk lungi and kurta. Only a select few were allowed access to the inner areas of the house, while close associates enjoyed long late-night gatherings marked by excessive admiration.

The book also notes that Khanna did not tolerate opinions that went against his temperament and would often ask people to leave his home. As his stardom faded, Amitabh Bachchan rose to prominence with films such as Zanjeer, Sholay, and Deewar, replacing Khanna as Bollywood’s leading star.

According to Chintamani, Salman Khan later made multiple attractive offers to purchase the bungalow—allegedly on behalf of his brother Sohail Khan—including assurances to settle outstanding income tax dues and again offering to work without charge. Despite these efforts, Rajesh Khanna refused to sell the property and lived there in isolation until his death.

After Khanna’s passing, the bungalow was eventually sold, demolished, and replaced with a high-rise building, marking the end of one of Bollywood’s most iconic residences.

PSX continues bullish run as index jumps more than 2,600 points

PSX continues bullish

Karachi: The Pakistan Stock Exchange (PSX) continued its strong upward trend on the second trading day of the year, with the benchmark KSE-100 Index posting significant gains.

Trading on the final day of the business week began on a positive note, with the 100 Index crossing the 179,000-point mark during early hours. At one point, the index surged by 2,661 points to reach 179,016.

By the end of the first session, the index was halted at 178,504 points, while a total of 570 million shares were traded, generating a turnover of Rs 32 billion.

It is worth noting that a strong bullish trend was also observed on the first trading day of the New Year, when the PSX 100 Index closed at 176,355 points, gaining 2,300 points.

Market analysts attribute the sustained rally to renewed investor confidence and positive economic expectations at the start of the year.