People stand in the street following an earthquake in Peshawar. Photo: REUTERS QUETTA/ISLAMABAD: A strong earthquake struck Hindu Kush region on Saturday, the Pakistan Meteorological Department said, sending out tremors that could be felt in a large part of the country and across the border into neighbouring Afghanistan. A series of moderate earthquakes continued to…
ISLAMABAD: Commercial banks have shown little enthusiasm for the prime minister’s scheme to deliver subsidised electric bikes, approving only 4,075 applications, about 9% of those received, forcing the government to make major policy changes on Tuesday. With such a low approval rate, the government is set to miss its annual target of distributing 116,000 electric…
KARACHI: Pakistan’s trajectory of steadily lowering interest rates has been disrupted by spillover effects of Israel-US war on Iran, as the State Bank of Pakistan (SBP) on Monday raised key policy rate by 100 basis points to 11.50%, citing inflationary risks triggered by the geopolitical escalation and the resulting closure of the Strait of Hormuz,…
The Turkish leadership expressed support for Islamabad’s constructive role in addressing regional challenges “Our main objective is the permanent termination of war,” says Dar. PHOTO: ANADOLU ISLAMABAD: FM Ishaq Dar met with Türkiye’s Ambassador Irfan Neziroglu, who called on him at the Ministry of Foreign Affairs on Friday, where both sides reaffirmed their commitment to…
K-Electric and the Hyderabad Electric Supply Company (HESCO) will be excluded from the federal government’s daily loadshedding plan, the Power Division’s spokesperson said on Tuesday. Earlier today, the division said that due to rising electricity demand during peak hours, electricity would be suspended for around 2.25 hours daily between 5pm and 1am countrywide under its…
GILGIT: The Pakistan Peoples Party (PPP) has emerged as the single largest party in the Gilgit-Baltistan (G-B) Assembly following Sunday’s general elections in the region, according to unofficial and unverified results received on Monday. According to the preliminary data, the PPP managed to secure 10 seats, followed by the Pakistan Muslim League-Nawaz (PML-N) with six…
Arsenal fans celebrate winning the Premier League. Photo: AFP LONDON: Arsenal celebrated their first Premier League title for 22 years on Tuesday after Manchester City were held to a 1-1 draw by Bournemouth, sparking wild scenes of joy around the Emirates Stadium. City had to win to take the fight to the final day but…
MEXICO CITY: Manchester United’s Amad Diallo struck in the 90th minute as Ivory Coast stunned Ecuador and their huge support to edge a tight affair 1-0 in their World Cup opener on Sunday. The Group E encounter had looked set to finish 0-0, hardly a surprise given Ecuador’s incredible defensive record during qualifying, and that result may…
Debt servicing consumes 69% of revenue while development spending stays compressed ISLAMABAD: The federal budget for FY 2026-27 arrives at a moment of relative macroeconomic calm, but not yet economic confidence. Pakistan has moved away from the crisis conditions of 2022-23: inflation has eased, reserves have improved, and the current account deficit has been tamed….
LONDON: The Football Association is investigating Southampton over the “spygate” scandal” that resulted in the club’s expulsion from Saturday’s Championship play-off final. Saints admitted observing a training session held by semi-final opponents Middlesbrough earlier this month, as well as two other similar incidents during the season. The FA is looking at whether charges should be…