Storage fund dwarfed by farm losses

KARACHI: In an economy where billions have become the new millions and trillions the new billions due to years of inflation and rupee depreciation, the federal government’s decision to allocate just Rs7.1 billion for agricultural storage infrastructure in Budget 2026-27 has raised questions about the understanding of those in the power corridors of Islamabad regarding…

Read More

Pakistan shines with two wins at Asia Pacific Property Awards

Pakistan’s real estate sector has gained international recognition after a private developer secured two awards at the Asia Pacific Property Awards 2026–2027, highlighting the country’s growing footprint on the global property landscape, according to a press release. The awards, part of the internationally acclaimed International Property Awards, are considered a benchmark of excellence in real…

Read More

Cape Verde extend World Cup ‘dream’

Cape Verde players celebrate in Houston. Photo: AFP HOUSTON: World Cup debutants Cape Verde will face reigning champions Argentina in the knockout rounds after drawing 0-0 with Saudi Arabia on Friday to extend their fairytale journey. The stalemate in Houston and Spain’s 1-0 win over Uruguay meant the team ranked 67 finished runners-up behind Spain…

Read More

Finance minister briefs UK delegation on reform agenda, budget priorities

Meeting discussed Pakistan’s macroeconomic outlook, fiscal, structural reform agenda, Budget 2026–27 priorities Finance Minister Muhammad Aurangzeb during a meeting with UK Parliamentary Under-Secretary of State for the Middle East, North Africa, Afghanistan and Pakistan (MENAP) Hamish Falconer and British High Commissioner Jane Marriott, along with senior officials from both sides at the Finance Division. PHOTO:…

Read More

FCC questions apex court directions to high courts

ISLAMABAD: The Supreme Court of Pakistan on May 12 ordered the Islamabad High Court to decide applications filed by rights activist Imaan Mazari and her husband Hadi Ali Chatta seeking suspension of their sentences, preferably within two weeks. However, the Federal Constitutional Court (FCC), in its latest judgment, has held that any order or direction…

Read More

SECP clears first Shariah credit guarantee

Punjab links transport permits to motor insurance via digital system to strengthen compliance ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved the country’s first Shariah-compliant credit risk-sharing product, enabling Islamic financial institutions to expand financing to underserved sectors such as micro, small and medium enterprises (MSMEs) and agriculture. According to an official…

Read More

Rs107b price differential claims remain unpaid

Since July 22, numerous unauthorised exchange outlets have been closed after the military intelligence agency summoned currency dealers to address the rising dollar rate in the open market. photo: file ISLAMABAD: Pakistan’s oil marketing companies (OMCs) are facing an acute liquidity crisis as up to Rs107 billion in unpaid price differential claims (PDCs) remains stuck,…

Read More

Robot tracks sperm whale conversations

. NEW YORK: Deep beneath the ocean surface, sperm whales swim through the dark waters, clicking to each other in bursts of sound that can travel for kilometres. Now, scientists say they are beginning to follow those exchanges in real time using an autonomous underwater robot that can track whales by listening to their voices….

Read More