Car shortage stifles ride-hailing

KARACHI: Pakistan’s ride-hailing market has reached only around 5% of the country’s population, compared to approximately 20% globally, leaving significant room for expansion, but the shortage of vehicles remains a key constraint that could limit growth unless banks step up financing for freelance drivers, according to Wael Ibrahim, Regional Director EMEA at inDrive. Speaking to…

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Anthropic delays IPO launch

NEW YORK: Anthropic is expected to begin marketing its initial public offering (IPO) in mid-October at the earliest and complete the listing days before the US midterm elections in November, people familiar with the matter said on Friday. The artificial intelligence company had been expected to make its IPO prospectus public as early as next…

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PCB presses PSL defaulters

KARACHI: The Pakistan Cricket Board (PCB) has warned stakeholders with outstanding payments to clear their dues, telling them that financial difficulties or other circumstances would not exempt them from their obligations. PCB officials delivered the message during a recent meeting of the Pakistan Super League (PSL) Governing Council in London, where the league’s finances and…

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fans party for Freddie Mercury’s 80th birthday

Thousands gather at Queen frontman’s Montreux statue in costume, song and celebration Czech sculptor Irena Sedlecka’s statue of Freddie Mercury was adorned with flowers and balloons to mark his 80th birthday. PHOTO: AFP Thousands of Queen fans sang, cheered and partied at the Freddie Mercury statue in Montreux on Saturday to celebrate what would have…

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Rising costs revive repair economy

KARACHI: Pakistan’s rising cost of living is giving an old habit a new economic meaning: repair it rather than replace it. From mobile phones and laptops to air-conditioners, refrigerators, washing machines, and other household appliances, consumers are increasingly paying technicians to extend the lives of products once discarded or replaced. For thousands of technicians, workshop…

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Haaland keeps Man City perfect in Premier League

The Norwegian striker heads home Semenyo’s cross to seal a 1-0 win over Coventry Erling Haaland headed Manchester City in front against Coventry. Photo: AFP LONDON: New-look Manchester City overcame a spirited challenge from Coventry on Saturday courtesy of an Erling Haaland goal to stay perfect in the Premier League, as blunt Tottenham were held…

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Rumesh cements javelin dominance

Rumesh Tharanga Pathirage has emerged as one of the world’s leading javelin throwers in a breakthrough season, adding the Diamond League final title to his Commonwealth Games gold and building momentum ahead of the Asian Games in Japan. The 23-year-old became the first Sri Lankan athlete to win the prestigious Diamond League final after throwing…

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Nearly 11,700 net metering cases resolved

Energy Minister Awais Leghari speaking in a video message. SCREENGRAB ISLAMABAD: On the directives of Federal Minister for Power Division Awais Ahmad Khan Leghari, nearly 11,700 pending net metering cases have been resolved and the process of direct communication with the affected consumers has officially commenced. “This initiative aims to ensure that every eligible consumer…

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Messi stars as Miami settle for Atlanta draw

MIAMI: Lionel Messi set up both goals for Inter Miami as the Major League Soccer champions drew 2-2 with Atlanta United on Saturday in the Argentina star’s first match since announcing his retirement from international football. Thunderstorms and lightning delayed the start for 90 minutes, but there were sparks aplenty on the field after with…

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