ISLAMABAD: Pakistan has agreed with the International Monetary Fund (IMF) to walk a fiscally tight path and show a primary budget surplus of Rs2.8 trillion in the new budget and increase net foreign exchange reserves by $5.6 billion to end the vicious cycle of negative reserves, according to official sources. To offset the impacts of…
A young climber scales a rock wall in India. Photo: AFP PUNE: Blink and you might miss Indian speed climber Deepu Mallesh scaling a wall five buses high in five seconds.India, a country obsessed with cricket, has seen a surge in popularity in climbing but those who want to compete internationally have had to crowdfund…
WMO warns of potentially strong event, flags risk of above-normal global temperatures Prolonged dry spells since mid-2014, linked to the El Niño weather phenomenon, have battered subsistence farmers in Central America’s "dry corridor" running through Guatemala, El Salvador and Honduras. PHOTO: AFP The warming El Nino weather phenomenon, which pushed global temperatures to record highs…
At current prices, the looted gold is worth around $70 million. PHOTO: PIXABAY Gold and silver prices witnessed a continued decline in both international and local markets on Friday, tracking a downward trend in global bullion rates. In the international market, the price of gold per ounce dropped by $29, settling at $4,685. This global…
Stuttgart forward Tiago Tomas celebrates after scoring the winner in Thursday’s German Cup semi-final against Freiburg. Photo: AFP BERLIN: Tiago Tomas’ stunning 119th-minute back-heel sent Stuttgart to a German Cup final meeting with Bayern Munich after a 2-1 extra-time home win over Freiburg on Thursday. Maximilian Eggestein’s first-half opener had Freiburg on track for a…
VILLARREAL: Villarreal moved closer to securing third place in La Liga with a 1-1 draw at Real Oviedo on Thursday, while another defeat left Sevilla teetering on the brink of the relegation zone. Nicolas Pepe’s first-half penalty looked to have been enough to send Villarreal seven points clear of Atletico Madrid, but Ilyas Chaira’s strike…
With key roads shut down, markets are deserted, no service at bus terminals, weekend commuters struggling to get home Traffic congestion due to road closures implemented by authorities, following the suspension of transport and closure of markets on security restrictions, as Pakistan prepares to host U.S. and Iran for the second phase of peace talks…
The Wall Street sign is pictured at the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS The traditional relationships between global financial assets have broken down since the outbreak of the Middle East conflict, leaving investors navigating markets with what analysts describe as a…
Multiple users across social media platforms were sharing a video on Friday claiming it shows United States President Donald Trump falling asleep and hitting his head on his desk in the White House. However, the clip is doctored. On Thursday, Trump held a healthcare affordability event in the Oval Office at the White House. During…
ISLAMABAD: Despite challenges arising from the US-Iran conflict, rising oil prices, increased freight and insurance costs and a global risk-off trend, Pakistan’s capital market remained resilient. In this regard, the Securities and Exchange Commission of Pakistan (SECP) has released its quarterly review report for the third quarter of fiscal year 2025-26. According to the SECP,…