Budget strain cuts military training as renewed Iran fighting threatens to drive defence costs even higher The Pentagon is confronting an urgent funding shortfall driven largely by the war in Iran, with key military accounts expected to run dry within weeks as US President Donald Trump expands the conflict, The Washington Post reported on Tuesday,…
Rejects government’s daily fuel price review mechanism, says strike will continue until its demands are accepted All Pakistan Petrol Pump Association Chairman Humayun Khan addresses a press conference in Islamabad on Tuesday, announcing a nationwide shutdown of petrol pumps after talks with the government failed. SCREENGRAB The All Pakistan Petrol Pumps Owners Association (APPPOA) on…
Petrol will cost Rs320.73 per litre, while high-speed diesel has been fixed at Rs367.21 A petrol pump in the federal capital seen in this undated image. —FILEPHOTO The federal government on Tuesday increased the prices of petrol and high-speed diesel (HSD) by Rs4.93 and Rs7.15 per litre, respectively, for July 22. According to a notification…
LONDON: The first 48-team World Cup has barely finished, but Gianni Infantino has already acknowledged the possibility that soccer’s biggest tournament could one day grow larger still, a move that could fundamentally alter the economics of the sport. Speaking to Swiss television during the tournament, the FIFA president said a 64-team World Cup was among the ideas that…
US and Mexico begin first formal USMCA talks since Washington declined to extend the trade pact on July 1 A drone view shows trucks crossing into the United States via the Zaragoza-Ysleta border bridge, in Ciudad Juarez, Mexico, April 2, 2025. REUTERS US and Mexican trade negotiators will meet for a third round of bilateral…
LONDON: Aleksander Ceferin, the head of UEFA, boycotted the World Cup final to show unhappiness with FIFA, British media reported Monday. The relationship between European football’s governing body and the game’s global federation is under strain. One cause was FIFA’s unexplained decision to suspend a red card for United States striker Folarin Balogun before a…
Group of seven was by Ohio river when swimmer struggled, triggering rescue attempts that killed five, sheriff says A file image of Ohio River. PHOTO: PIXABAY Two women and three men were confirmed dead on Monday in an apparent mass drowning in Ohio after two people entered a river to help a struggling swimmer, followed…
ISPR says Pakistan and Iran reaffirm cooperation on regional security and effective border management Iranian Interior Minister Eskandar Momeni pictured in a meeting with Chief of Defence Forces and Field Marshal Syed Asim Munir at GHQ—ISPR Iran’s Interior Minister Eskandar Momeni called on the Chief of Defence Forces and Chief of Army Staff Field Marshal Syed…
Finance ministry says three bank consortiums were selected to support Pakistan’s future sovereign debt issuances The government has appointed consortiums of international banks to manage future sovereign debt issuances under its Global Medium-Term Note (GMTN) and international sukuk programmes, the Ministry of Finance said on Tuesday, marking a step towards the country’s planned return to…
China weighs steps to stop Western acquisition of advanced technology firms, report says An AI sign is seen at the World Artificial Intelligence Conference in Shanghai, China July 6, 2023. REUTERS Chinese authorities are considering tightening export controls on AI and semiconductor technologies, the Financial Times reported on Tuesday. The step reflects Beijing’s push to…