Rate hike undermines investor confidence

KSE-100 loses 1,085 points on worries higher borrowing costs may hit corporate profits KARACHI: The Pakistan Stock Exchange (PSX) ended Tuesday’s session on a negative note as a 100-basis-point policy rate hike weighed on investor sentiment, who were worried that the central bank’s monetary tightening would dent business activities. During the trading session, the benchmark…

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Mavericks part ways with Kidd

LONDON: The Dallas Mavericks are “parting ways” with head coach Jason Kidd in a decision agreed by both parties, the NBA team said Tuesday. “The Dallas Mavericks announced today that the team has mutually agreed to part ways with head coach Jason Kidd,” an article posted on the team’s website said. “The organization will immediately…

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Rat attacks surge amid worsening infestation

Nearly 3,000 rat-bite cases were reported at the Lady Reading Hospital in three months Residents across more than 50 localities report daily rat bites as poor sanitation and a lack of control measures fuel a mounting public health crisis. PHOTO: PEXELS PESHAWAR: Eleven-year-old Umair was asleep beside his family in their home in Peshawar’s Gunj…

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Alaves end Barca’s bid for 100-point

Barcelona’s aim of getting to 100 points this season in La Liga was scuppered on Wednesday at Alaves. Photo: AFP LONDON: Newly-crowned Spanish champions Barcelona suffered a 1-0 defeat by Alaves on Wednesday, ending their bid to match the all-time La Liga record points total of 100. Hansi Flick’s side needed to win their remaining…

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