Is US drifting towards ‘silent default’?
As federal debt nears $40tr, rising interest costs and inflation are reshaping risks KARACHI: The…
Is US drifting towards ‘silent default’?
As federal debt nears $40tr, rising interest costs and inflation are reshaping risks KARACHI: The US federal debt is swelling to a level that nobody would have imagined a generation ago: $40 trillion. As of July 30, the federal debt stood at $39.84 trillion, jut $159 billion shy of the symbolic milestone, according to Treasury…
Earning S&P, Moody’s next upgrade
KARACHI: Pakistan should now set a clear sovereign rating objective: S&P’s B+ within two years and Moody’s B1 within three to five years. S&P raised Pakistan to B in July 2026, while Moody’s has kept it at Caa1 since August 2025. The country deserves recognition for avoiding default and restoring stability, but ratings are earned…
Ronaldo hints at retirement, says upcoming year could be his last
The forward has scored 976 goals for club and country during a career spanning more than two decades Portugal forward Ronaldo looks on during a Round of 16 match between Spain and Portugal in the 2026 FIFA World Cup at Dallas Stadium. REUTERS Cristiano Ronaldo on Sunday fuelled speculation about his retirement plans after saying…
Taliban at five
. The Taliban have now been in power for five years. Having established relative peace inside Afghanistan, the administration is struggling to keep its promises of embracing diversity and forming an inclusive government. The sole positive note is that the political landscape in the war-torn country has settled and is now free from external intervention. Yet,…
Goods transporters defer strike for 40 days as talks succeed
Decision follows talks at Governor House, with transporters resuming operations as several demands are addressed Talks between the Pakistan Goods Transport Association and the federal and provincial governments succeeded on Sunday, with transporters announcing that they would defer their nine-day nationwide strike for 40 days and resume operations. Pakistan’s freight network had remained at a…
SpaceX sets launch turnaround record with 2 Falcon 9 missions
Rockets launched 38.5 minutes apart for Globalstar, US Space Force, with second booster marking 650th Falcon landing SpaceX launched two Falcon 9 rockets for Globalstar and the United States Space Force on Saturday night, setting a company record by completing the missions just 38.5 minutes apart, according to a US media report. Spaceflight Now reported…
Pakistan, seven others condemn Israel’s rejection of Gaza roadmap
Foreign ministers of eight countries say Israel bears responsibility for obstructing efforts to end the war in Gaza Palestinians walk past the rubble of residential buildings destroyed during the war, at Jabalia refugee camp in the northern Gaza Strip, August 5, 2026. — REUTERS Pakistan and seven other Islamic countries on Sunday condemned Israel’s declared…
Flowers, toys become cover for begging
While street vending provides livelihoods, children, women and elderly people are increasingly used to evoke sympathy When children approach motorists at traffic signals with flowers, pencils or toys, they appear to be selling small items to earn a living. But in many cases, the transaction is less about the product and more about appealing to…
AJK Election Commission announces Aug 24 polling for eight reserved seats
A picture showing the branch of the Azad Jammu and Kashmir Election Commission. — FILE PHOTO A day after concluding the electoral process in Azad Jammu and Kashmir (AJK), the Election Commission has announced the schedule for elections to reserved seats, with polling set to be held on Aug 24. According to a statement issued…
Messi sees penalty saved as Nashville routs Inter Miami in MLS
Argentine star striker Lionel Messi of Inter Miami reacts after missing a first-half penalty kick in his club’s MLS loss at Nashville. Photo: AFP/FILE WASHINGTON: Lionel Messi missed yet another penalty and was booked as Inter Miami suffered a 4-1 loss at Nashville on Saturday in a top-of-the-table MLS clash. England’s Sam Surridge and Germany’s…
