Andreeva wins first Grand Slam title

Mirra Andreeva became the youngest women’s French Open champion since 1992. Photo: AFP/FILE PARIS: Mirra Andreeva won her first Grand Slam title on Saturday by downing Polish qualifier Maja Chwalinska in straight sets in the French Open final. The 19-year-old Russian beat Chwalinska 6-3, 6-2 to become the youngest Roland Garros women’s singles champion since…

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IMF programme limits tax relief

The government wants to accelerate economic growth to lower rising poverty and unemployment, but the IMF was of the view that Pakistan has not yet reached a stage where it can afford sustainably higher economic growth. PHOTO: Reuters ISLAMABAD: The government may not be able to provide any significant tax relief to all the affected…

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Chip slump erases $1.3tr in stock value

SAN FRANCISCO: US-traded chipmakers plunged on Friday, losing about $1.3 trillion in market value, with deep losses in AI heavy hitters including Nvidia, Micron Technology and Advanced Micro Devices, as Broadcom’s weak report earlier this week reverberated across Wall Street. The PHLX chip index slumped 10.3% in its deepest one-day loss since March 2020, when…

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Sugar export push sparks debate

LAHORE: Every year or two, the Pakistan Sugar Mills Association (PSMA) writes a letter to the government. The words change slightly, the numbers grow larger, but the request remains the same, ie, let us export surplus sugar. A fresh letter landed on Deputy Prime Minister Ishaq Dar’s desk on May 31 and the cycle has…

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US lawmakers warn of potential gap ahead of June 12 deadline for intelligence law extension

Caution lapse in Section 702 of Foreign Intelligence Surveillance Act could disrupt foreign intelligence collection View of the US Senate chamber on Capitol Hill in Washington, United States. PHOTO: Reuters Two Republican lawmakers warned United States Secretary of State Marco Rubio on Saturday of a potential intelligence gap, accusing Democrats of backing away from extending key…

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Content creators fear new taxes

“Don’t discourage us,” digital voices oppose proposed tax on earnings, suggest classification framework KARACHI: Content creators and influencers across various digital platforms have urged the government to refrain from imposing new taxes on their earnings in the upcoming budget, arguing that the sector contributes valuable foreign exchange earnings while promoting informative and knowledge-based content for…

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