Pistons rout Magic to cap comeback

LOS ANGELE: The Detroit Pistons routed the Orlando Magic 116-94 on Sunday to cap a remarkable NBA playoff comeback and book an Eastern Conference semi-final clash with Cleveland. Cade Cunningham scored 32 points and handed out 12 assists and Tobias Harris added 30 points with nine rebounds as the Pistons, who trailed 3-1 in the…

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Court stays water supply scheme

ABBOTTABAD: A local court in Abbottabad has issued a stay order on the Janderbari Water Supply Scheme following a petition filed by over a hundred residents from various village councils, including Janderbari, Phulkot, Dhakki Khaitar, and Aziz Bang. The petitioners, represented by social activist Shezad Gul Awan, have raised concerns over potential water shortages and…

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Rate hike signals deeper concern

KARACHI: Few remarks capture the ambiguity of central banking as sharply as former Fed Chair Alan Greenspan’s oft?quoted line: “I know you think you understand what you thought I said, but I’m not sure you realise that what you heard is not what I meant.” It is a fitting lens through which to view the…

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Bulls take centre stage as KSE-100 up 3,000 points

KARACHI: Pakistan Stock Exchange (PSX) began the week on a strong footing, with the benchmark KSE-100 index surging sharply in early trade. At 9:34am, the index climbed to 166,269.56, registering a gain of 3,275.56 points or 2.01%, as investor sentiment strengthened on expectations of a potential peace agreement between the United States and Iran. Optimism…

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When tax zealotry chokes export growth

Taxes on inputs for export goods do not generate sustainable revenue; they merely reduce export volumes ISLAMABAD: Pakistan’s value-added garments sector has long been regarded as the country’s most promising engine for export growth. It combines labour intensity with high value addition, links backward industries such as spinning and weaving with global markets, and has…

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Green hydrogen for energy security

Import dependence, global shocks push Pakistan to explore low-carbon alternatives ISLAMABAD: Recent geopolitical tensions in the Middle East have once again highlighted Pakistan’s continued reliance on imported energy and the associated exposure to global price volatility. With around 85% of oil demand and a growing share of liquefied natural gas (LNG) sourced from international markets,…

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