Tremors were felt in Islamabad and Rawalpindi on Monday after a 5.2-magnitude earthquake was reported. According to the Pakistan Meteorological Department (PMD), the earthquake was recorded at 10:56am. It added that the epicentre was located near the Tajikistan–Xinjiang border region and had a depth of 128 kilometres. According to state-run PTV , the tremors were felt in Islamabad and Rawalpindi. Pakistan falls on three major tectonic plates — the Arabian, Euro-Asian and Indian — which create five seismic zones under the country. The intersection of multiple fault lines means that tectonic movements remain a frequent occurrence in the region. Last week, a 5.7-magnitude earthquake jolted parts of Islamabad and Khyber Pakhtunkhwa. Residents of Islamabad and KP also felt tremors on April 3, when a 6.1-magnitude earthquake struck the Hindu Kush region in Afghanistan. from Dawn - Home https://ift.tt/CmynFKq
The Pakistan Stock Exchange’s benchmark index on Monday rose 4,000 points during intraday trade. The KSE-100 index gained 4,170 points to reach 167,164.26 points from the previous close of 162,994.17 points at 11:29pm. According to Mettis Global , the sharp rally came as investors reacted positively to developments surrounding rising tensions between Iran and the United States, alongside efforts to stabilise the situation in key global energy routes. Global oil prices eased on Monday after US President Donald Trump said the country would begin an effort to free up ships stranded in the Strait of Hormuz, although the lack of a US–Iran peace deal kept prices supported above $100. Monday’s rally comes after the stock market ended its fourth consecutive session on a jittery note. The fall reflected investor nervousness over geopolitical tensions and surging oil prices, clouding the economic outlook. Analysts have warned that Pakistan’s inflation is likely to remain in double digits if...