KARACHI: Amid the post-Covid massive inflationary spiral, the fiscally suffocated government with limited days of foreign exchange reserves became massively dependent on the domestic debt market to finance their massive deficits, and amid rising inflation they had to issue massive amount of floating-rate, long-tenor debt instruments to manage extreme rollover risk. For reference, the total…
Pakistan’s Olympic champion Arshad Nadeem finished fifth in the men’s javelin at the inaugural World Athletics Ultimate Championship on Sunday, missing out on the final round after producing a season-best 81.49 metres. Nadeem opened with 74.42m before improving to 79.66m on his second attempt. His third throw of 81.49m was his best of the competition…
His performance has highlighted Pakistan’s talent pool despite a disappointing Test campaign Razaullah smashed nine sixes to equal Tim Southee’s record for the most by a player on Test debut during a remarkable innings against England at Edgbaston. Photo: AFP KARACHI: The first day of the Edgbaston Test: Razaullah bowled at speeds of around 90…
ISLAMABAD: Tea enthusiasts across the twin cities continue to seek the old-timey feel of sipping on a soothing cup of warm chai while exchanging ‘tea’ (gossip) with friends at tea houses and dhabey (kiosks) in the oldest areas of the capital. Commercial areas like Lal Kurti bazaar, Ratta Amral, Dhok Ratta, Committee Chowk, Waris Khan,…
Central banks quietly diversifying holdings as geopolitical tensions reshape assumptions about where reserves are saf KARACHI: The Dutch central bank (DNB) has shifted 86 metric tons of gold from New York and Ottawa to London as part of “crisis preparedness” amid global political tensions. The bank held 612.4 metric tons of gold worth 72.2 billion…
MOHMAND: The education of 519 students is reportedly being affected by a severe shortage of teachers at two government schools in Halimzai tehsil of Mohmand tribal district, raising concerns among parents about their children’s academic future. According to local sources, the Government Primary School Yaseen Kor Kamali has only one teacher for around 300 students,…
Militants are turning commercially available quadcopters into weapons, while limited counter-drone systems leave vulne PESHAWAR: Militants have opened a new front in Peshawar by weaponising commercially available drones to target police installations from a distance while remaining concealed. At least two drone attacks have been reported in recent weeks. The first targeted the Tarnab police…
SWEDEN: Sweden began voting Sunday in a general election after a tight race that will see either the far-right enter government for the first time or the left-wing opposition reclaim power. Opposition leader Magdalena Andersson of the Social Democrats was among the first to cast her ballot after polling stations opened at 8:00 am (0600…
LAHORE: Punjab will need around 19,000 additional public sector primary schools by 2040 to cater to its growing population, while nearly 10 million children aged five to 16 years are currently out of school. The estimates shared in a fact sheet released by a non-governmental organisation, the Population Council, expose a widening gap facing the…
. An attendee holds a handgun on display at the National Rifle Association (NRA) annual convention in Houston, Texas, U.S. May 29, 2022. REUTERS RAWALPINDI: A suspected criminal was killed in an alleged encounter with the Crime Control Department (CCD) in the Naseerabad area of Rawalpindi, police said on Sunday. According to officials, a CCD…