Rising temperatures, erratic rainfall, and shifting seasons are severely impacting crop yields LAHORE: Punjab is called the food basket of Pakistan. Major crops such as wheat, rice, sugarcane, maize, and cotton are grown here. However, over the past 15 to 20 years, Punjab’s climate has changed rapidly. Rainfall patterns have become irregular, heat has intensified,…
ISLAMABAD: Foreign ministers of Pakistan and seven other Muslim countries on Thursday condemned Israel’s “unacceptable” violations against Islamic and Christian sites in Jerusalem, describing them as repeated breaches of the historic and legal status quo at the holy sites by Israeli occupation authorities. The condemnation came amid continued reports of incursions, as a day earlier,…
JEDDAH: Al Ahli became the first club in more than two decades to win back-to-back Asian Champions League titles when they overcame Japan’s Machida Zelvia 1-0 in extra time in Jeddah on Saturday. The defending champions, who 12 months ago defeated Kawasaki Frontale to claim a first continental crown, retained the trophy thanks to substitute…
‘A Libyan-led and Libyan-owned political process is the only viable path to lasting peace and stability’ Pakistan’s Permanent Representative to the UN, Ambassador Asim Iftikhar Ahmad speaking at the United Nations Security Council briefing on the UN Support Mission in Libya. PHOTO: X Pakistan on Thursday reaffirmed its support for Libya’s sovereignty and a Libyan-led…
Paris The fashion and beauty industries are poised for a shake-up after luxury group Kering agreed to sell its beauty business to French cosmetics giant L’Oréal for 4 billion ($4.66 billion) – the biggest acquisition in L’Oréal’s history. This also marks a strategic retreat by Kering, which is seeking to cut debt and refocus on…
A police constable was martyred after terrorists launched a brazen attack on a checkpost in the Killi Harmezai area of Balochistan’s Pishin district on Monday evening. According to police sources, unknown terrorists opened indiscriminate fire on the checkpost located in the Harmezai region. The sudden assault left Hawaldar Nematullah critically injured. He was immediately taken…
ISLAMABAD: A delegation of the American Business Forum (ABF) called on Finance Minister Muhammad Aurangzeb at the Finance Division and shared proposals for tax policy rationalisation, reduction in compliance burden, incentivisation of exports and facilitation of foreign exchange inflows, according to a statement issued by the Ministry of Finance on Thursday. The delegation, led by…
Pakistan all-rounder Mohammad Nawaz is under investigation by the Pakistan Cricket Board (PCB) after returning a positive test for recreational drug use, according to a media report on Wednesday. The 32-year-old left-arm spinner, currently playing for Multan Sultans in Pakistan Super League (PSL) 11, was reportedly flagged during testing conducted at the ICC Men’s T20…
ISLAMABAD: The International Monetary Fund (IMF) has endorsed a new formula to fix prices of high-speed diesel, which has addressed the issue of windfall gains to oil refineries due to the Middle East war and helped keep diesel prices lower by Rs100 per litre for this week. Without any change in the formula, the diesel…
Govt is no longer borrowing to fund infrastructure or improve human capital; it is borrowing to service interest on pr KARACHI: The prevailing narrative suggesting that Pakistan has achieved macroeconomic stability through the current International Monetary Fund (IMF) programme is a dangerous oversimplification. Such a perspective conveniently ignores the systemic erosion of the national industrial…