Saudi generosity

. Riyadh has once again rescued Islamabad’s fragile balance sheet by doling out an additional $3 billion. This magnanimity has come at a time when Pakistan is facing a severe crunch as it is obliged to pay back $3.5 billion to the UAE which had refused to roll over the same. This hole in reserves…

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Davies in Canada World Cup squad

Alphonso Davies has suffered an injury-plagued season, and faces a race against time to be fit for Canada’s first game. Photo: AFP/File TORONTO: Alphonso Davies and Jonathan David were the star names in Canada’s World Cup squad as coach Jesse Marsch unveiled the co-host’s 26-man roster on Friday. Bayern Munich defender Davies was deemed sufficiently…

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FCC censures reserved verdict delay

Judgment underscored that expeditious case disposal is essential for an effective justice system ISLAMABAD: The Federal Constitutional Court (FCC) has noted that while delaying the unveiling of a reserved order does not invalidate it, such a delay reflects adversely on judicial efficiency and undermines the timely administration of justice. In a judgement that partly allowed…

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Tourists advised to avoid Babusar Top

Motorists travel on Babusar Top which saw the first snowfall of the winter. PHOTO: EXPRESS ISLAMABAD: The district administration in Khyber Pakhtunkhwa’s Naran has issued a travel advisory for Babusar Top, urging tourists, travellers and transport operators to avoid unnecessary travel as persistent snowfall continues to create hazardous road conditions and disrupt traffic along the…

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Alibaba-backed BNPL firm gets SECP licence

Koko Tech to tap in to consumer financing for youth, freelancers and small businesses ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has granted a licence to Koko Tech Pakistan (Private) Limited (KTPL) to operate a Buy Now Pay Later (BNPL) business in Pakistan, according to an official statement issued on Tuesday. KTPL is owned by Alibaba.com Holdings,…

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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…

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