World Bank cuts GDP forecast to 3%

The International Monetary Fund logo is seen during the IMF/World Bank spring meetings in Washington, U.S., April 21, 2017. REUTERS ISLAMABAD: The World Bank on Thursday cut Pakistan’s economic growth forecast to 3% for this fiscal year due to adverse implications of the Middle East war, which is significantly lower than the estimates that Islamabad…

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Reports of anti-CM PTI bloc in K-P rejected

PESHAWAR: Khyber-Pakhtunkhwa Information Minister Shafi Jan on Tuesday dismissed reports of PTI MPAs forming a group against Chief Minister Sohail Afridi, terming them “fabricated and baseless”. The statement came in response to media reports claiming that around 50 PTI MPAs had formed a bloc against the chief minister over dissatisfaction with his performance. Reports also…

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Elon Musk loses lawsuit against OpenAI

The trial was seen as a key moment for OpenAI’s future and broader AI use and benefits A combination image shows OpenAI CEO Sam Altman and Elon Musk during the trial. REUTERS A United States jury on Monday ruled against Elon Musk in his lawsuit against OpenAI, ​finding the artificial intelligence company not liable to…

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Government plans income tax cuts

IMF to review proposals as Pakistan seeks to reduce salaried, corporate rates and raise Rs50b ISLAMABAD: The government has shared its plan with the International Monetary Fund (IMF) to reduce salaried and corporate income tax rates, as it also considers recovering an additional Rs50 billion in the next fiscal year by charging sales tax on…

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Spain beat Argentina to win World Cup

NEW JERSEY: Ferran Torres scored the only goal of the game on Sunday as Spain beat 10-man Argentina 1-0 after extra-time to win their second World Cup. The European champions dominated the match at the MetLife Stadium but struggled to find a breakthrough against the streetwise defending champions. Argentina goalkeeper Emiliano Martinez made a string…

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Foreign investors explore chemical JV avenues

LAHORE: The second day of the Pakistan Chemical Forum Expo 2026 at the Expo Centre Lahore witnessed remarkable activity and overwhelming participation from both local and international stakeholders. The atmosphere remained vibrant with business engagements, while strong international interest added significant value to the exhibition. Hundreds of stalls set up across various halls showcased a…

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Gunman fires inside Thai government office as country reels from school shooting

Forensic police officers inspect the site of a shooting after former lawmaker Chalong Riewrang allegedly shot Thongchai Yenprasert, president of the Nonthaburi Provincial Administrative Organisation, in Nonthaburi province, on the outskirts of Bangkok, Thailand, August 10, 2026. PHOTO: REUTERS A gunman was arrested after firing shots at ‌a local government office on the outskirts of…

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US govt to invest $3b in minerals

. WASHINGTON: The United States government will invest $3 billion in critical minerals and battery projects as part of a push to increase domestic production and boost national security and industrial policy, President Donald Trump said on Friday. “We’re reclaiming America’s rightful place as the minerals superpower of the world,” Trump told more than 200…

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Pakistan vows to protect its interests under IWT

Prime Minister Shehbaz Sharif. Photo: File ISLAMABAD: The Foreign Office on Friday said Pakistan welcomed the supplemental award issued by the Court of Arbitration on May 15 regarding the Kishanganga and Ratle hydroelectric projects under the Indus Waters Treaty. Foreign Office spokesperson Tahir Andrabi, while addressing his weekly media briefing, said the award reaffirmed Pakistan’s…

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