Govt raises Rs498b via T-bills as yields rise
KARACHI: The State Bank of Pakistan (SBP) on Wednesday raised Rs498 billion in the Market…
Govt raises Rs498b via T-bills as yields rise
KARACHI: The State Bank of Pakistan (SBP) on Wednesday raised Rs498 billion in the Market Treasury Bills auction against the target of Rs500 billion, with cut-off yields rising across all tenors. The central bank accepted Rs52 billion in one-month paper at a cut-off yield of 11.47%, up 12 basis points from the previous auction, while…
Rain delays start of second day’s play in England-Pakistan opener
The covers stay on the pitch as rain delays the start of the second day of the first Test between England and Pakistan at Headingley. Photo: AFP LEEDS: England’s bid to strengthen their grip on the first Test against Pakistan was halted by bad weather as rain delayed the scheduled 1000 GMT start of the…
ICC removes Gaddafi Stadium demerit point
The International Cricket Council on Thursday rescinded a demerit point imposed on Lahore’s Gaddafi Stadium after an appeals panel overturned its “Unsatisfactory” pitch rating for the third one-day international between Pakistan and Australia on June 4. The ICC panel reviewed match footage, the Match Referee’s report and comments from the captains following an appeal by…
PTA, Google sign agreement to make digital platforms safer for children
Programme will equip parents and teachers with practical tools to help children navigate the digital world safely PTA Chairman Muhammad Junaid and Google representatives sign a memorandum of understanding on child online safety in Islamabad. PHOTO: PTA The Pakistan Telecommunication Authority (PTA) and Google on Thursday signed a memorandum of understanding (MoU) to strengthen child…
Govt allows 108,000MT sugar export
PRICE RELIEF: Sugar prices are now 18% lower than a year ago due to better production this year, with the commodity selling at an average price of Rs148 per kg. Millers have been trying to convince the government to allow exports to jack up local prices. PHOTO:FILE ISLAMABAD: The government on Wednesday allowed the export…
South Africa name squad for historic Zimbabwe tour
South Africa Women will tour Zimbabwe for the first time next month, with the neighbours set to meet in their maiden bilateral T20I series. Regular captain Laura Wolvaardt will lead the squad featuring three uncapped players — seamer Caitlin Wyngaard, former South Africa Under-19 star Nthabiseng Nini and off-spinner Luyanda Nzuza. The 21-year-old Wyngaard earned her…
Israel’s strike in Syria ‘provocative and dangerous,’ deepening rift with US: opposition leader
Yair Golan accuses Netanyahu of using military force for political ends, eroding trust with Israel’s allies Israeli opposition leader Yair Golan on Wednesday called Israel’s latest strike in Syria a “provocative and dangerous” move, saying it was deepening a rift with the country’s allies, particularly the US. Golan, the leader of Israel’s Democrats party, said…
‘Energy affordability key for export growth’
LAHORE: Affordable and reliable energy is essential for Pakistan’s industrial competitiveness and export growth, Lahore Chamber of Commerce and Industry (LCCI) President Faheemur Rehman Saigol said on Wednesday, as he welcomed the Cabinet Committee on Energy’s approval of the National Integrated Energy Plan 2027-2060. “Pakistan needs an energy policy that ensures reliability, affordability and predictability….
Sabalenka, Zverev stunned in Cincinnati
Sabalenka has reached just one semi-final since winning the Sunshine Double in March. Photo: AFP CINCINNATI: Top seeds Aryna Sabalenka and Alexander Zverev crashed out of the Cincinnati Masters in a matter of hours on a rainy Wednesday of fourth-round action. American Tommy Paul saved a match point on the way to a 4-6, 7-6…
Russian ballistic missiles kill 12 in Ukraine’s Kyiv, spark fires
Russian defence ministry says Moscow attacked Kyiv and the surrounding region with airstrikes and drones Firefighters work near a site of an apartment building hit by a Russian missile strike, amid Russia’s attack on Ukraine, in Kyiv, Ukraine. Photo: Reuters Russian ballistic missiles killed 12 people and injured more than 30 in Kyiv early on…
