Zelensky plans new Trump meeting amid Russia attacks

KYIV: Ukrainian President Volodymyr Zelensky said Saturday he would meet US counterpart Donald Trump on the sidelines of the UN General Assembly next week as Russia intensified deadly strikes across his country. Russia carried out one of its largest aerial attacks, firing 40 missiles and some 580 drones at Ukraine in a nightime barrage that … Read more

PM says CPEC-2 is Pakistan’s last big chance

[ ISLAMABAD: Prime Minister Shehbaz Sharif has warned ministries and divisions of strict action for causing delays in executing over $8 billion worth of CPEC 2 projects. Chairing a recent high-level meeting, the prime minister said that although the Pakistan-China B2B Conference was a tremendous success, agreements signed must be followed up meticulously by the … Read more

‘Holy Grail’ of watches set for Geneva auction

patek philippe 1518 photo file

GENEVA: The stainless steel Patek Philippe, manufactured in 1943, returns to Phillips at the Decade One auction in Geneva this November – a rare opportunity for collectors, similar to a red diamond or to a one-off Ferrari. Aurel Bacs, Senior Consultant at Phillips in Association with Bacs & Russo, is full of anticipation as he … Read more

Saudi loans help Pak economy stay afloat

ISLAMABAD: Saudi Arabia remains the major source of cheap foreign loans for Pakistan, rolling over $5 billion in loans at an annual interest rate of 4% — about one-third cheaper than Chinese cash deposits and less than half the cost of foreign commercial borrowing. Official records show that Riyadh charged a 4% interest rate on two … Read more

Iqbal unveils $3tr economic vision

[ LAHORE: Federal Minister for Planning and Development Ahsan Iqbal said on Saturday that the defence agreement between Pakistan and Saudi Arabia was an important milestone, warmly welcomed across society, but stressed that lasting national security depended on economic strength. Speaking to the media after chairing the first meeting of Members of the Federation of … Read more

NYC readies for record Climate Week

LONDON/WASHINGTON: When Climate Week kicks off on Sunday in New York City, it will mark the event’s biggest year yet — with organisers reporting a record number of companies participating and more events than ever to attend. Almost no one had expected this response in a year that has seen the event’s host country — and the … Read more

‘Textile waste threatening blue economy, marine life’

[ ISLAMABAD: Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry, has warned that the rising tide of textile and fashion waste flooding oceans poses a growing threat not only to marine life but also to Pakistan’s economy, climate resilience, and future generations. In a statement on Saturday marking World Cleanup Day 2025, themed “Tackling … Read more

Madonna to release new album next year

madonna queen of pope photo file

NEW YORK: After more than four decades of breaking boundaries, Madonna is returning to where it all began. The best-selling female artist of all time announced on Thursday that she will release a new dance album next year under Warner Records, the label behind her earliest hits such as Holiday and Like a Virgin. The … Read more

Fitch put Pakistan’s debt ratings under review

KARACHI: Fitch Ratings has placed the long-term debt ratings of 25 sovereigns, including Pakistan, Under Criteria Observation (UCO) following an overhaul of its sovereign rating methodology. The action, announced late Friday, covers 435 long-term sovereign debt instruments and follows the release of Fitch’s updated Sovereign Rating Criteria on September 15, 2025. Although the UCO designation … Read more