Barrick Mining misses profit estimates
Newmont consented to Barrick’s planned North American gold IPO as part of the agreement BENGALURU:…
Barrick Mining misses profit estimates
Newmont consented to Barrick’s planned North American gold IPO as part of the agreement BENGALURU: Barrick Mining reported second-quarter profit below estimates as higher costs at its gold operations offset rising bullion prices, while it struck a $1.95 billion deal with Newmont to settle disputes over Nevada Gold Mines, the companies said. Newmont consented to…
Scotland, Netherlands criticise ICC’s World Cup format changes
LONDON: Cricket Scotland and the Royal Dutch Cricket Association (KNCB) have criticised the International Cricket Council (ICC) for changing the format of the 2027 Men’s ODI World Cup less than 18 months before the tournament. The ICC introduced a new Super Series phase under which the teams ranked 12th, 13th and 14th in the qualification…
Petroleum dealers announce closure of pumps nationwide from Aug 15
People wait in line at a petrol pump. — FILE PHOTO KARACHI: Petroleum dealers in Pakistan on Tuesday announced a shutdown of petrol pumps nationwide from Aug 15 for an indefinite period, following a wheel-jam strike by goods transporters across the country. A day earlier, negotiations between the government and goods transporters failed to yield…
President, PM pledge equality for minorities
PM Shehbaz says minorities living in Pakistan were an integral part of the national fabric President Asif Ali Zardari and Prime Minister Shehbaz Sharif. Photo: File ISLAMABAD: President Asif Ali Zardari and Prime Minister Shehbaz Sharif on National Minorities Day reaffirmed Pakistan’s commitment to equality, religious freedom, tolerance and the protection of minority rights, while…
6-7% growth needed to avoid economic crisis
KARACHI: Pakistan will need sustained real economic growth of 6% to 7% annually to cope with a rapidly expanding population and create enough jobs, infrastructure and public services, business leaders said on Monday. They warned that the current growth rate is insufficient to meet the country’s future needs. The country’s population could approach 400 million…
West Indies face World Cup qualifier again
Two-time champions West Indies will have to fight their way into the 2027 ODI World Cup through the Qualifier. Photo: AFP Two-time champions West Indies will have to fight their way into the 2027 ODI World Cup through the Qualifier after failing to secure automatic qualification for the third consecutive edition. The Caribbean side, currently ranked…
Pakistan women whip South Korea in Asian netball
Pakistan women’s netball team produced an impressive performance in Hong Kong, whipping South Korea 72-23, their second win from three matches in the plate division of the Asian Women’s Netball Championship. Pakistan dominated proceedings from the outset, displaying excellent teamwork, discipline and determination throughout the match. Pakistan maintained control of the contest with a well-organised…
Senate panel orders action on medical seats
ISLAMABAD: A Senate panel on Monday directed the Ministry of National Health Services, Regulations and Coordination (NHSRC) and the Pakistan Medical and Dental Council (PMDC) to take immediate measures to address vacant seats in medical colleges, examine fee disparities and strengthen monitoring of medical education institutions. The directives were issued by the Standing Committee on…
PSX falls over 1,100 points as fading hopes of US-Iran deal weigh on investors
Benchmark Index traded between an intraday high of 181,017.29 and a low of 180,076.22 KARACHI: The Pakistan Stock Exchange (PSX) turned lower on Tuesday, with the benchmark KSE-100 Index shedding more than 1,100 points by midday as a jump in oil prices and diminishing hopes of a US-Iran agreement to reopen the Strait of Hormuz…
Trump jumps in support of Infantino
US President Donald Trump and FIFA President Gianni Infantino waves to spectators at the World Cup final last month. Photo: AFP/File WASHINGTON, USA: US President Donald Trump said on Monday it would be “a terrible mistake” to replace Gianni Infantino, the embattled FIFA president who tried, and failed, to sell off part of the World Cup…
