KARACHI: The State Bank of Pakistan (SBP) on Monday injected more than Rs4.6 trillion into the banking system through conventional and Shariah-compliant open market operations (OMOs). The central bank conducted reverse repo purchase operations with tenors of two and four days, accepting a total of Rs4.388 trillion against offers of Rs4.865 trillion. The injection was…
Brent crude futures eased 93 cents, or 0.8%, to $113.51 per barrel after settling up 5.8% on Monday Iran renewed attacks on the United Arab Emirates on Tuesday, causing oil loading at the port of Fujairah to be at least partly halted after the third attack in four days. FILE IMAGE: PIXABAY Brent crude futures…
Says Pakistan ready to send any humanitarian or material assistance to aid in relief efforts PM Shehbaz Sharif. Photo: File Prime Minister Shehbaz Sharif on Tuesday expressed deep sorrow over the loss of lives caused by “devastating floods and extreme weather disturbances” in Turkiye, extending condolences to President Recep Tayyip Erdogan and the Turkish people….
Lucknow Super Giants captain Rishabh Pant, center, with teammates. (PTI Photo) NEW DELHI: Nothing seems to be going right for Lucknow Super Giants in the IPL 2026 season. With six consecutive defeats, the franchise remains rooted to the bottom of the points table, and their playoff hopes are hanging by the thinnest of threads.After nine…
LAHORE: Total cement despatches increased by 11.14% in April 2026, rising to 3.890 million tonnes from 3.500 million tonnes in the same month last year, according to data released by the All Pakistan Cement Manufacturers Association (APCMA) on Monday. Local despatches by the industry during April 2026 were 3.217 million tonnes, compared with 2.677 million…
. ANKARA: Turkiye and Armenia on Monday signed an agreement to jointly restore the medieval Ani bridge on their shared border, as part of moves to normalise ties between the two countries. “We believe that symbolic and concrete areas of cooperation, such as the joint restoration of the Ani bridge which was formalised today by…
File photo of IPL franchise Rajasthan Royals. The Kal Somani-led consortium has expressed “disappointment” that their effort to acquire Rajasthan Royals and its sister teams – Barbados Royals and Paarl Royals – did not materialise. On Sunday, steel magnate Lakshmi N Mittal, Aditya Mittal and Adar Poonawala were announced as the new lead investors and…
. BERLIN: Two people were killed and three others were seriously injured on Monday when a car drove into a central pedestrian zone of the eastern German city of Leipzig, Mayor Burkhard Jung said, the latest in a spate of such incidents in recent years in Germany. Police arrested the driver, identifying him as a…
NEW DELHI: Mumbai Indians received a timely boost on the field with a crucial win in IPL 2026, but concerns around captain Hardik Pandya continue to linger after he missed the clash against Lucknow Super Giants due to a back spasm. MI opener Ryan Rickelton offered the latest update, admitting uncertainty over the severity…
. GENEVA: Medics were working on Monday to evacuate two people with symptoms of the deadly hantavirus after a suspected outbreak on a luxury cruise ship held off West Africa carrying mostly British, American and Spanish passengers, officials said. Around 150 people were still stuck on the vessel after three people – a Dutch couple…