Upgrade hinges on reforms
Moody’s says Pakistan more resilient to shocks than in 2022, B3 rating upgrade reflects improved…
Upgrade hinges on reforms
Moody’s says Pakistan more resilient to shocks than in 2022, B3 rating upgrade reflects improved governance but debt, Banks will continue to benefit from stable deposit base. PHOTO: AFP ISLAMABAD: Further improvement in Pakistan’s sovereign credit rating will depend on sustained implementation of reforms, rebuilding of foreign exchange reserves and continued access to financing, Moody’s…
Oil sector rejects new price formula
ISLAMABAD: Pakistan’s oil industry has warned that another intervention in the petroleum pricing formula could disrupt fuel supplies, undermine refinery throughput and push oil marketing companies (OMCs) and refineries towards an increasingly unsustainable operating environment. Industry sources said rumours of fresh changes to the pricing formula were circulating but neither refineries nor OMCs had been…
Google warns of lower quality as it revamps Europe search results to avoid EU fines
Revamped search results to highlight one specialised search engine at the top of the page Google’s logo during the CERAWeek energy conference 2026 in Houston, Texas, US, March 24, 2026. REUTERS Alphabet’s Google on Tuesday rolled out changes to its online search results in Europe to satisfy EU antitrust regulators that it said will degrade users’…
US accuses Chinese AI firms of ‘malicious’ copying of AI technology
US officials accuse China of using American-made AI models to train their AI products through distillation US and Chinese flags are seen in this illustration taken March 20, 2025. — REUTERS US cyber and law enforcement officials accused Chinese AI companies on Tuesday of maliciously copying technology from sophisticated American-made AI models through a technique known as…
‘No ambiguity’, aggression against one member will draw response from all three: Asif
Says pact will become operative if aggression against any member state takes place ‘We will honour it’: Asif warns of Makkah defence pact’s activation after Houthi strikes against Saudi Arabia Defence Minister Khawaja Asif said on Tuesday that there should be no ambiguity that an attack on any one country of the Makkah Defence Alliance…
Govt increases petrol price by Rs5.58, HSD by Rs4.18 per litre for Sept 9
People wait their turn to get fuel at a petrol station, in Karachi, Pakistan June 2, 2022. Picture taken June 2, 2022. — REUTERS The federal government on Tuesday increased the price of petrol and high-speed diesel (HSD) by Rs5.58 and Rs4.18 per litre, respectively, for September 9. According to a notification issued by the Petroleum Division, the…
Rybakina reaches US Open quarter-final
Elena Rybakina, of Kazakhstan, returns the ball to Naomi Osaka, of Japan, during their fourth-round match at the U.S. Open, on Monday in New York. Photo: AFP NEW YORK: World number two Elena Rybakina swept past four-time Grand Slam champion Naomi Osaka 6-1, 6-4 on Monday to line up a US Open quarter-final against China’s…
Pakistan-Africa Economic Council to launch to tap 1.59b-strong consumer market
Council will connect Pakistani businesses with projects, investors, and partners across selected African countries The Pakistan-Africa Economic Council (PAEC) is set to be formally launched on Friday to help Pakistani businesses tap into Africa’s 1.59-billion-strong consumer market and expand trade, investment and commercial partnerships with the continent. The platform, which is described as Pakistan’s first…
KEMU moves against Afghan medical students following PMDC directives
Asks 20 students to complete formalities for their return; Amnesty calls decision discriminatory Lahore’s King Edward Medical University (KEMU) is one of the first public universities to act on fresh directives issued by the Pakistan Medical and Dental Council (PMDC) — a significant regulatory decision affecting Afghan medical students enrolled in medical and dental institutions…
Pakistan seek to salvage pride
KARACHI: Pakistan will look to salvage some pride when they face in-form England in the third and final Test at Edgbaston on Wednesday after a turbulent week that brought sweeping changes to their squad and coaching staff. England lead the three-match series 2-0 after comprehensive victories at Headingley and Lord’s, leaving Pakistan with little more…
