New Zealand fast bowler O’Rourke out for three months as injuries mount

WELLINGTON: Fast bowler Will O’Rourke will be out for at least three months with a stress fracture in his lower back, New Zealand Cricket said Tuesday, adding to a mounting injury list. The 24-year-old was injured while bowling in the first Test against Zimbabwe this month and returned home, where scans revealed the extent of … Read more

PSX opens rollover week on turbulent note

[ KARACHI: The Pakistan Stock Exchange (PSX) opened the rollover week on a turbulent note on Monday as profit-taking and cautious sentiment drove the benchmark KSE-100 index from the intra-day high of 586 points to the low of 735 points. It closed the day at 148,815.31, representing a decrease of 677.75 points, or 0.45%. Analysts … Read more

SBP invites fintechs to join sandbox pilot

[ KARACHI: The State Bank of Pakistan (SBP) has invited applications for the first cohort under its Regulatory Sandbox (RSB) initiative, aimed at fostering innovation in the financial sector. According to an official statement released on Monday, the central bank has outlined three key themes for this cohort: technology-enabled solutions for inward remittances, open banking, … Read more

SBP buys $7.8 billion over 12 months

[ KARACHI: The State Bank of Pakistan (SBP) carried out net foreign exchange interventions amounting to $7.8 billion between June 2024 and May 2025. “The central bank purchased $522 million worth of foreign currency (US dollar) from the inter-bank forex market in May 2025,” noted Topline Securities. This brings last 12 months (June 2024 to … Read more

Banks fear being caught in Fed’s storm

[ JACKSON HOLE, WYOMING: Global central bankers gathered at a US mountain resort over the weekend are starting to fear that the political storm surrounding the Federal Reserve may engulf them too. US President Donald Trump’s efforts to reshape the Fed to his liking and pressure it into interest rate cuts have raised questions about … Read more

NA body forms sub-committee to inquire PHF affairs

The Standing Committee of the National Assembly on Inter-Provincial Coordination (IPC) on Monday constituted a sub-committee to inquire the affairs of the Pakistan Hockey Federation (PHF).The agenda of the meeting included briefings on matters relating to Pakistan Hockey, particularly the payment of players, participation in the International Hockey Federation events, the Constitution and election process … Read more

Venus Williams bows out of US Open

NEW YORK: Venus Williams battled bravely before bowing out of the US Open on her return to Grand Slam tennis on Monday as Spanish ace Carlos Alcaraz stormed into the second round with a dominant opening win. The second full day of action in New York saw all eyes turn to the Arthur Ashe Stadium’s … Read more