Fuel, power tariffs drive SPI up 14.52%

Owing to the Israel-US war on Iran, the Sensitive Price Indicator (SPI) increased by 14.52% on a year-on-year basis, reflecting a sharp inflationary hike across essential commodities, according to data released by the Pakistan Bureau of Statistics (PBS) on Friday. On a weekly basis, inflation rose by 0.62% for the combined consumption group during the…

Read More

Paralympic champion Zanardi dies

ROME: Alex Zanardi, the Italian Formula One driver who became a Paralympic cycling champion after losing both legs in an accident, has died aged 59, his family announced Saturday. Zanardi, one of his country’s most loved and respected sportsmen, who was credited with helping transform the perception of disability in Italy, died on Friday evening….

Read More

‘Four in ten children exposed to lead’

ISLAMABAD: A new study has revealed alarming levels of lead exposure among young children in Pakistan, with four in ten children aged 12–36 months in high-risk urban areas found to have lead in their blood, posing serious risks to their physical and cognitive development. The study, jointly conducted by the Ministry of National Health Services,…

Read More

ME conflict to slow MENAP economies: IMF

The International Monetary Fund logo is seen during the IMF/World Bank spring meetings in Washington, U.S., April 21, 2017. REUTERS ISLAMABAD: The ongoing Middle East conflict is likely to create a significant economic slowdown and heightened risks across the MENAP region, IMF Resident Representative Dr Mahir Binici said at an outreach session at the Sustainable…

Read More

Young fires 67 to seize PGA lead

MIAMI: Fourth-ranked Cameron Young rode a hot start and surged to a five-stroke lead after Friday’s second round of the PGA Cadillac Championship. Young birdied four of the first seven holes on his way to firing a five-under par 67 and stand on 13-under 131 after 36 holes at Trump National Doral in Florida. “I’ve…

Read More

Leeds beat Burnley to virtually secure EPL survival

Leeds United’s Dominic Calvert-Lewin in action with Burnley’s Florentino Luis. Photo: REUTERS LONDON: Leeds all but secured their place in the Premier League next season with a 3-1 win over already-relegated Burnley on Friday. Goals from Anton Stach, Noah Okafor and Dominic Calvert-Lewin took Daniel Farke’s side nine points clear of the relegation zone with…

Read More

Yen jumps on suspected intervention

US stock indexes rose, while most major European markets were closed for holidays SYDNEY/LONDON: Global shares steadied on Friday with investor focus staying on currency markets, after the yen briefly jumped against the dollar for a second straight day. The dollar lost as much as 1% against the yen in a matter of minutes on…

Read More

An Australian’s tears

Hyderabad captain Marnus Labuschagne got emotional following a nail-biting finish against Islamabad United. Photo: HYDERABAD KINGSMEN KARACHI: The match ended, and the players began celebrating the victory. Amidst the celebrations, someone asked, “Where is the captain?” When they looked around, they saw him covering his eyes with his arm, shedding tears. Shortly after, he joined…

Read More