LA PAZ: Bolivia will adopt a flexible exchange-rate system, the government said on Friday, effectively devaluing the currency by ending a 15-year dollar peg in a major policy shift aimed at restoring economic stability. Bolivia’s central bank will oversee the shift, as the government aims to “strengthen macroeconomic stability, preserve external competitiveness and contribute to…
Sante Publique says most fatalities involved older people, expects mortality rate to rise A woman cools off in a public fountain near the Place du Trocadero during high temperatures amid a heatwave in Paris, France, on June 27, 2026. PHOTO: REUTERS France has recorded 1,000 excess deaths during the blistering heatwave sweeping Europe, the public…
BAHAWALNAGAR: A 12-year-old student who was allegedly subjected to severe physical abuse at a religious seminary in Lahore has died after battling for his life for eight days, prompting his family to demand strict legal action against the seminary teacher they hold responsible. The deceased, identified as Ali Haider, was a resident of Kot Lingah…
ISLAMABAD: The All Pakistan Glass Manufacturers Association (APGMA) has urged the National Tariff Commission (NTC) to reconsider its methodology in the ongoing anti-dumping investigation concerning soda ash imports from Turkiye and Kenya, arguing that the commission has adopted an unjustified profit assumption while calculating the “non-injurious price”. In a representation to NTC, APGMA Secretary General…
Capacity shortfall disrupts some of Meta’s internal AI projects, with several other Google clients also affected The Google logo is pictured at the entrance to the Google offices in London, Britain January 18, 2019. PHOTO: REUTERS Google has put limits on Meta’s use of its Gemini AI models after the social media company sought more computing capacity than the rival tech group could provide,…
Expresses hope that the agreement will contribute to lasting peace and stability in the region Pictured on the left Foreign Minister Ishaq Dar, on the right Bahrain’s Foreign Minister Abdullatif bin Rashid Al Zayani PHOTO: MOFA/ BAHRAIN FO Bahrain’s Foreign Minister Dr Abdullatif bin Rashid Al Zayani on Sunday said that he will visit Pakistan…
One year on, exchange sealing paralyses trade, sends negative signals to foreign investors KARACHI: The Karachi Chamber of Commerce and Industry (KCCI), while expressing deep concern over the continued sealing and forceful occupation of the historic Cotton Exchange building, has stated that it has inflicted severe damage on Pakistan’s cotton trade, disrupted hundreds of businesses…
Ahn Gyu-back, Koizumi agree to revive joint search-and-rescue drills in sixth round of bilateral talks Japanese Defence Minister Shinjiro Koizumi and South Korean Defence Minister Ahn Gyu-back salute to national flags during a welcoming ceremony before their meeting at the Defence Ministry in Seoul, South Korea, June 28, 2026. PHOTO: REUTERS South Korea and Japan on Sunday reaffirmed their…
Health minister announces major reform to curb fake drugs and improve quality control KARACHI: Federal Minister for Health Syed Mustafa Kamal on Saturday announced that Pakistan will introduce a barcode system for all medicines within the next 60 days as part of a major initiative to eliminate counterfeit and substandard drugs and ensure quality control…
ISLAMABAD: Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman and Minister of State Bilal Bin Saqib has said that the principles of the financial system are being redefined, and Pakistan intends to play its role in shaping them. He noted that the financial system is increasingly becoming automated through software and blockchain, and software does not…