Reserves down $1.24b on debt repayments
KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves decreased by $1,245 million during…
Reserves down $1.24b on debt repayments
KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves decreased by $1,245 million during the week ended July 10, 2026, reaching $17,225.8 million. The decline was mainly due to external debt repayments. Pakistan’s total liquid foreign currency reserves stood at $22,675.5 million, including $17,225.8 million held by the SBP and $5,449.7 million with commercial…
China’s Moonshot unveils world’s largest open AI model, closing in on US rivals
Kimi K3 debuts month after Washington pulls Anthropic’s Fable, Mythos models over security concerns Founder of Moonshot AI Yang Zhilin delivers a speech at a conference of 2026 Zhongguancun forum, in Beijing, China, March 25, 2026. PHOTO: REUTERS Chinese AI startup Moonshot on Friday unveiled Kimi K3, a 2.8 trillion-parameter model that it said is the world’s largest open-weight AI system and delivers performance approaching United…
Quetta-Turbat flight operation launched
The launch is hailed as a vital step toward ending years of travel isolation for the province Passengers queue at Jinnah International Airport in Karachi to obtain boarding passes for the inaugural flight to Turbat. Photo: NNI QUETTA: Years of travel isolation for Balochistan moved closer to an end on Thursday as Governor Jafar Khan…
Oil rises on intensifying US-Iran hostilities, threat of Red Sea closure
Tehran asks the Houthi organisation to stand ready to shut the Red Sea export route The full moon rises in the background over the infrastructure on D Island, the main processing hub, at the Kashagan offshore oil field in the Caspian sea in western Kazakhstan August 21, 2013. PHOTO: REUTERS Oil prices inched up on Friday…
Over 100 wildfires prompt Algeria to urgently recall civil protection personnel
A firefighter sprays water to extinguish flames in the Fontainebleau forest during a wildfire, in Le Vaudoue, during a heatwave affecting large parts of France, July 13, 2026. Photo: REUTERS/file Algeria issued an urgent order Thursday recalling personnel across 45 provinces as the country battled more than 100 wildfires amid an intense heat wave. The…
FM Dar, Wang Yi pledge deeper Pakistan-China cooperation in AI, CPEC and trade
Deputy Prime Minister and Foreign Minister Ishaq Dar along with the Pakistan delegation, attends the opening ceremony of the 2026 World Artificial Intelligence Conference (WAIC) in Shanghai. PHOTO: FO Deputy Prime Minister and Foreign Minister Ishaq Dar, along with the Pakistani delegation, attended the opening ceremony of the 2026 World Artificial Intelligence Conference (WAIC) in…
Wheat costs more despite record crop
Farmers, millers warn of crisis as supply disruptions, hoarding push bread price up PLANNING FAILURE: “We sold our wheat because we had no choice. Now the same wheat is becoming expensive in the market while farmers have already absorbed the losses. Better planning could have protected both growers and consumers,” said Muhammad Riaz, a wheat…
Trump ‘pissed off’ by Netanyahu’s criticism of proposed F-35 sale to Turkiye: report
Israeli premier has sought White House meeting for weeks as tensions deepen over Iran diplomacy US president reportedly warns Israeli leader to ‘stop blowing up buildings’ while sidelining Tel Aviv in Iran peace negotiations. PHOTO: ANADOLU US President Donald Trump was “pissed off” by Israeli Prime Minister Benjamin Netanyahu’s public criticism of a proposed US…
Pakistan Embassy in Washington hosts annual Mango Festival
Event featured Pakistani mango varieties, including Chaunsa, Anwar Ratol, Sindhri Pakistan Embassy celebrates culture and cuisine at Mango Festival. Photo: X The Embassy of Pakistan in Washington hosted its annual Mango Festival, a flagship cultural event that drew hundreds of Americans, members of the US administration, lawmakers and their staffers, diplomats, the think tank community,…
Dutch textile firm opens office in Lahore
Netherlands’ Beddinghouse shifts from sourcing to strategic investment in Pakistan ISLAMABAD: Pakistan’s economic diplomacy has secured another significant milestone as The Beddinghouse, one of the Netherlands’ leading home textile companies, announced plans to substantially expand its long-term engagement with Pakistan by establishing a permanent corporate presence, investing in skilled human capital and partnering in circular…
