ADB’s Kanda gets second term
ADB has significantly expanded its support to members during a period of overlapping crises Masato…
ADB’s Kanda gets second term
ADB has significantly expanded its support to members during a period of overlapping crises Masato Kanda of Japan, who is the current president of the Asian Development Bank. — PHOTO VIA X MANILA: Asian Development Bank (ADB) President Masato Kanda has received unanimous support for a second term from members of ADB’s Board of Governors…
Hopes of finding survivors dim a week after catastrophic Nepal flood
Hopes of finding more survivors among the thousands still missing in Nepal were fading, authorities said on Wednesday, a week after a glacier collapse in the Himalayas unleashed flash floods that devastated the mountainous nation. At least 1,114 people have been killed and nearly 4,000 remain unaccounted for, with officials fearing many are buried under debris left by the floods that tore through towns and valleys near…
Pakistan, Kyrgyzstan to raise bilateral trade to $200m
Sign transit trade agreement to help turn both countries into important transport hubs across South Asia, Central Asia Pakistan and Kyrgyzstan on Wednesday instructed their governments to prepare an action plan to raise bilateral trade to $200 million, as the two countries sought to move their economic partnership to a “qualitatively new” level, according to…
PSX dips 509 points amid cautious trading
KARACHI: Pakistan Stock Exchange (PSX) kicked off September with anxiety and caution as investors walked on a tightrope and the KSE-100 index swung between gains and losses. The market struggled to find a firm footing, with risk-averse investors keeping their positions guarded amid uncertain signals. In the morning, the KSE-100 opened on a strong note,…
Sri Lanka name squads for England white-ball tour
Sri Lanka on Wednesday named their squads for a six-match white-ball tour of England, with Kusal Mendis set to captain the side in three Twenty20 internationals and three one-day internationals. Charith Asalanka has been appointed vice-captain across both formats, while in-form Pathum Nissanka returns to bolster the top order. ODI squad Kusal Mendis (captain), Pathum…
Cricketers to get best rooms at Asian Games
TOKYO: Cricketers at this month’s Asian Games in Japan will have better accommodation than athletes from many other sports, the head of Japanese cricket said Wednesday, after concerns were raised about a lack of five-star hotels for players. A Sri Lankan official said this week that some of Asia’s top teams had raised doubts over…
Pakistan Navy begins major maritime exercise SEASPARK-2026 in Karachi
The exercise rigorously tests Pakistan Navy’s combat readiness against conventional. emerging maritime threats: ISPR Pakistan Navy’s SEASPARK-2026 exercise in Karachi begins. PHOTO: ISPR Pakistan Navy’s major maritime exercise SEASPARK-2026 began in Karachi on Wednesday, aimed at testing the force’s combat readiness against conventional and emerging maritime threats, the military’s media wing said. According to a…
Gold falls; liquidity model eyes $5,025
KARACHI: Gold prices in Pakistan declined on Tuesday in line with losses in the international market, where bullion reversed course after traders raised bets on a US rate hike. The All-Pakistan Gems and Jewellers Sarafa Association quoted 24-karat gold at Rs465,336 per tola after a drop of Rs800 during the day. Ten-gram gold was sold…
Pakistan beat Thailand in Asia Cup opener
Pakistan will now take on India in their second group match. Photo: ACC Muneeba Ali battled through oppressive heat to hit a half-century before Pakistan’s disciplined spinners secured a 35-run victory over Thailand in their T20 Asia Cup opener on Tuesday. The result eliminated Thailand from the competition after their second defeat in three matches,…
KSE-100 sheds 1,250 points amid fresh US-Iran escalation
Selling concentrated across automobiles, cement, commercial banks, exploration companies, power generation Shares of 345 companies were traded. At the end of the day, 75 stocks closed higher, 254 declined and 16 remained unchanged. PHOTO: FILE KARACHI: Pakistan’s stock market came under fresh selling pressure on Wednesday as renewed US-Iran strikes sent oil prices higher and…
