SBP injects Rs11.6tr into banking system
KARACHI: The State Bank of Pakistan (SBP) injected approximately Rs11.6 trillion into the banking system…
SBP injects Rs11.6tr into banking system
KARACHI: The State Bank of Pakistan (SBP) injected approximately Rs11.6 trillion into the banking system on Monday through a reverse repo auction conducted as part of its Open Market Operations. According to data compiled by AKD Securities from the SBP’s figures, the central bank received total offers of Rs11,777 billion and accepted Rs11,613 billion across…
AFC chief hits back at Qatar in Infantino saga
PARIS: A damaging split within Asian football deepened Tuesday as the region’s top official hit back at a Qatari challenge over the confederation’s move to join UEFA and CONCACAF in targeting FIFA president Gianni Infantino. Infantino has been the butt of scathing criticism ever since launching, and then withdrawing within days, a plan to bring…
Gen Z treats AI as friend, new study reveals
Usage marks shift from viewing AI as simple task-oriented tool to source for emotional support Over a quarter of Gen Z users interact with artificial intelligence (AI) as if communicating with a friend, utilising the technology for emotional support and personal matters, according to a recent global study on Tuesday. A recent global survey conducted…
FM Dar welcomes ‘positive momentum’ in Islamabad-Moscow relations
Reiterates Pakistan’s view of solving regional issues through dialogue and diplomacy Deputy Prime Minister (DPM) and Foreign Minister (FM) Senator Mohammad Ishaq Dar and Russian Ambassador to Pakistan Albert Khorev met in Islamabad on August 18. Photo: MOFA Deputy Prime Minister (DPM) and Foreign Minister (FM) Ishaq Dar on Tuesday welcomed the positive momentum in…
‘Stabilisation policies driving poverty’
LAHORE: Repeated economic stabilisation measures in Pakistan – including exchange-rate adjustments, privatisation and liberalisation – have substantially transformed the country’s economy but have also contributed to rising poverty, said economic experts on Monday. Speaking at the inauguration of the 8th International Conference on Applied Development Economics (ADE) in Lahore, Lahore School of Economics (LSE) Rector…
Pakistan face India in must-win World Cup clash
KARACHI: Pakistan face arch-rivals India in a decisive FIH Hockey World Cup Group D encounter on Wednesday, knowing only victory will ensure their progression to the tournament’s next stage. The match at the Wagener Hockey Stadium in Amstelveen is scheduled to start at 6pm PST, with England and Wales meeting at the same venue earlier…
Indonesia records over 2,100 aftershocks after weekend’s deadly earthquake
Authorities temporarily close several tourist spots in quake-affected regions for safety inspections A collapsed building in the aftermath of an earthquake in Reok, East Nusa Tenggara province, Indonesia, August 18, 2026. PHOTO: REUTERS Indonesia has experienced ongoing intense seismic activity since Saturday’s 7.7-magnitude earthquake, recording 2,119 aftershocks so far, local media reported. Indonesia’s Meteorology, Climatology…
Pakistan rejects India’s bid for permanent UNSC seat
Pakistan’s Permanent Representative to the United Nations, Ambassador Asim Iftikhar Ahmad addressing a UN Security Council briefing on non-proliferation. PHOTO: X KARACHI: Pakistan’s Permanent Representative to the United Nations, Ambassador Asim Iftikhar Ahmad, has said that its neighbour, a clear reference to India, has “no credentials whatsoever” to stake a claim to a permanent seat…
PSX tumbles 1,806 points amid geopolitical tensions
KSE-100 index suffers jolt over regional peace uncertainty as broad-based selling hits key sectors Selling pressure gripped the Pakistan Stock Exchange (PSX) on Tuesday, with the benchmark KSE-100 Index falling 1,806.12 points, or 0.89%, to 178,896.29 by 1:24pm, as uncertainty over prospects for a United States-Iran peace deal weighed on investor sentiment. The index opened…
Pakistan U19 women’s tournament to begin in Karachi
Pakistan’s National Women’s U19 Tournament will begin Thursday, with 75 players from 24 cities competing in a five-team event aimed at developing the country’s next generation of women cricketers. The tournament, organised by the Pakistan Cricket Board, will be played at the NBP Sports Complex and HPC Oval Ground in Karachi from August 20 to…
