WB backs cuts in provincial NFC

ISLAMABAD: The World Bank said on Wednesday that only the two largest provinces allocated Rs806 billion in grants for the Centre, recommending that Pakistan review the National Finance Commission (NFC) formula to permanently address fiscal imbalances, including backing deductions from provincial shares for seven national public goods services. The Rs806 billion grant is Rs229 billion,…

Read More

Sinner, Sabalenka into Wimbledon third round

Italy’s Jannik Sinner saw off Portugal’s Nuno Borges in the Wimbledon second round. Photo: AFP LONDON: Defending champion Jannik Sinner produced another gritty victory to reach the Wimbledon third round, while French Open champion Mirra Andreeva suffered a shock exit and world number one Aryna Sabalenka battled through. Sinner wasn’t at his best again but the world number one did just enough to…

Read More

PTI criticises government over economy, governance and party leaders’ detention

Party secretary general says economic hardship, poor public services, political repression reflect governance failures LAHORE: Pakistan Tehreek-e-Insaf (PTI) Secretary General Salman Akram Raja on Thursday criticised the federal government over what he described as worsening economic conditions, poor governance and the continued detention of the party’s leadership. Speaking at a press conference alongside PTI Lahore…

Read More

Spurs agree record deal for Tonali

LONDON: Tottenham Hotspur are poised to sign Sandro Tonali after agreeing a club-record £100 million ($133 million) fee for the Newcastle midfielder, several British media reports said Wednesday. Spurs boss Roberto De Zerbi appears set to win the race for the services of his fellow Italian despite interest in the 26-year-old from Premier League champions Arsenal, the club’s arch north London rivals,…

Read More

Pochettino says Balogun foul ‘never’ a red card as suspension looms

US forward Folarin Balogun’s red card against Bosnia-Herzegovina means he will miss the next World Cup game against Belgium. Photo: AFP SANTA CLARA: USA coach Mauricio Pochettino said Wednesday striker Folarin Balogun should “never” have received a red card after he was sent off against Bosnia following a VAR review, meaning he will miss his side’s last-16 World Cup…

Read More

Emergency response committee set up

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif, Wednesday, directed federal and provincial authorities to intensify preparations for the upcoming monsoon season, ordering the establishment of a national emergency response mechanism and stressing that coordinated action is essential to mitigate the growing risks posed by climate change. Chairing a high-level meeting to review monsoon preparedness and climate…

Read More

Business leaders denounce live animal export policy

LAHORE: The export of live animals may provide short-term foreign exchange earnings, but it risks weakening Pakistan’s meat processing industry, reducing value addition and depriving the economy of thousands of jobs, according to business leaders and meat exporters, who have urged the government to revisit the policy. The concern has surfaced after the Punjab government…

Read More