The three Japanese carmakers lacked innovation and competitiveness, despite the incentives offered to them in the previous policies, said government officials as they announced the auto policy. PHOTO: FILE KARACHI: Pakistan’s upcoming auto policy for 2026-31 is facing growing criticism from industry stakeholders over an unusual lack of transparency, with key players claiming they remain…
LOS ANGELE: The Detroit Pistons routed the Orlando Magic 116-94 on Sunday to cap a remarkable NBA playoff comeback and book an Eastern Conference semi-final clash with Cleveland. Cade Cunningham scored 32 points and handed out 12 assists and Tobias Harris added 30 points with nine rebounds as the Pistons, who trailed 3-1 in the…
ISLAMABAD: The government on Friday slashed the prices of petrol and diesel by up to Rs6.80 per litre for the next fortnight effective from May 23. This is the second week the consumers are enjoying reduction in prices of high speed diesel and petrol. Even, after the fresh reduction, the prices of petrol and high…
The Islamabad Police arrested a man for allegedly equating the Tarnol railway crossing to the Strait of Hormuz, it emerged on Friday. Washington has imposed a blockade on Iran’s trade by sea, while Iran has prevented ships from sailing through the Strait of Hormuz, the waterway at the entrance to the Middle East Gulf. Nearly…
EAST RUTHERFORD: Lionel Messi could end any debate about whether he is the greatest player of all time if he leads Argentina to World Cup glory again on Sunday at the MetLife Stadium — where a decade ago he tearfully declared his international career over. Messi had turned 29 in June 2016 and was already…
MUZAFFARABAD: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari on Sunday promised greater constitutional rights for Azad Jammu and Kashmir (AJK), renewed his call for a Truth and Reconciliation Commission to address the AJK’s recent unrest and urged the federal government to restore internet services immediately. Addressing a public rally in Kotli ahead of the…
35-nation IAEA board found Iran in breach last year; Iran, Russia and China reject Western bid The IAEA logo is displayed in front of the agency’s headquarters in Vienna, Austria, June 5, 2026. Photo: Reuters The UN nuclear watchdog’s 35-nation board of governors has passed a resolution reporting Iran to the UN Security Council for…
Study highlights that the country has emerged as one of the leading solar markets within five years ISLAMABAD: Electricity prices in Pakistan have surged by 155% over the past three years, with capacity payments and the depreciation of the rupee identified as major drivers, according to a new assessment that underscores mounting pressure on household…
ISLAMABAD: A day after Planning Minister Ahsan Iqbal sought a role for the Planning Commission in the International Monetary Fund (IMF) talks and described it as “fiscal numbers” focused, the Ministry of Finance on Tuesday turned down the assertion. The “IMF programme is demonstrably not confined to numbers or fiscal targets”, said the ministry in…
KARACHI: Pakistan should now set a clear sovereign rating objective: S&P’s B+ within two years and Moody’s B1 within three to five years. S&P raised Pakistan to B in July 2026, while Moody’s has kept it at Caa1 since August 2025. The country deserves recognition for avoiding default and restoring stability, but ratings are earned…