SBP reserves rise $19m to $16.4b

State Bank of Pakistan. Photo: File KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) recorded a modest increase of $19 million on a weekly basis to reach $16.4 billion, according to the latest data released by the SBP. The country’s total liquid foreign reserves stood at $21.89 billion, indicating a…

Read More

Oil tanker hijacked off Somalia

ISLAMABAD: The Maritime Affairs Minister on Friday sought a detailed report on the hijacking of an oil tanker by pirates near Somalia, with 11 Pakistani crew members on board, and directed the relevant authorities to coordinate with the Foreign Ministry, Pakistan Navy and others for the recovery of the hostages. Initial details suggested that pirates…

Read More

Illegal plasma sale thrives in Lahore

LAHORE: Following a surge in confirmed coronavirus cases and a significant increase in the number of patients recovering, a black market of blood plasma has emerged across the country, particularly in the provincial capital. People are selling blood plasma of the patients who have recovered from coronavirus for tens of thousands of rupees, The Express…

Read More

Supply gaps prolong electricity cuts

LAHORE: Punjab is experiencing prolonged and increasingly disruptive electricity outages, with rural areas reporting load-shedding of up to 16 hours a day and urban centres facing recurring interruptions, according to residents and power distribution officials. The situation has intensified across regions served by Lahore Electric Supply Company (Lesco), Multan Electric Power Company (Mepco), Faisalabad (Fesco)…

Read More

Let’s talk peace

• Iranian delegation led by Speaker Ghalibaf touches down in Islamabad • US VP Vance en route • Federal capital abu Pakistan’s leaders welcome the Iranian delegation for talks with the United States in Islamabad on Friday night. — SCREENGRAB ISLAMABAD: As senior figures from the United States and Iran are set to hold historic…

Read More

Kimi Antonelli wins Japanese GP

Italian driver of Mercedes Kimi Antonelli celebrates after winning the Formula One Japanese Grand Prix at the Suzuka circuit. Photo: REUTERS/FILE MIAMI: Kimi Antonelli of Mercedes won the Japanese Grand Prix on Sunday for his second straight victory as the 19-year-old Italian became the youngest driver in Formula One history to lead the world championship…

Read More