PM opens UAE digital bank to foster cashless economy

[ ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Tuesday formally inaugurated Mashreq Digital Retail Bank; a significant step towards transforming Pakistan’s banking landscape into a modern, paperless and digital financial ecosystem. Speaking at the launching ceremony, the prime minister congratulated Mashreq Bank Chairman Abdul Aziz Al Ghurair for bringing the UAE-based digital banking platform to … Read more

Two cops martyred in terrorists’ attack

QUETTA: Two police personnel were martyred and several others injured after terrorists attacked headquarters police station in Shirani district of Balochistan. According to sources, the attack was carried out late Tuesday night, with terrorists using heavy weapons during the assault. Upon receiving information, a large contingent of security forces rushed to the site to take … Read more

K-Electric IPO raises Rs2b

[ KARACHI: K-Electric (KE) concluded the initial public offering (IPO) on September 3, attracting 2.2 times more bids than its target of Rs2 billion to meet its operational and working capital requirements. “The IPO was oversubscribed by 2.2 times,” Moonis Alvi, the KE CEO, said. KE Retail Sukuk saw participation from over 600 retail applicants … Read more

Afghan man gets life in German prison

STUTTGART: An Afghan man was sentenced to life in prison on Tuesday for a jihadist stabbing spree in Germany last year that killed a police officer and left five people wounded. The 26-year-old, only partially named as Sulaiman A. and found to be a supporter of the Islamic State group, committed the knife attack in … Read more

Govt seeks to expand footprint in Malaysia

[ ISLAMABAD: The government has laid special emphasis on developing a robust strategy for the promotion of Pakistan’s halal meat, rice, fruits and value-added agro-based products in line with Malaysia’s market requirements. Federal Minister for National Food Security and Research Rana Tanveer Hussain on Tuesday chaired a meeting of the committee formed to finalise the … Read more

‘We pulled the children out in pieces’

GAZA CITY: As drones buzzed overhead in the morning sun, Palestinians gently lifted from the rubble a blanket holding a body, the latest casualty of Israel’s relentless bombardment of Gaza City. The devastating scene is a familiar one in the Gaza Strip’s main urban hub, where Israel has carried out intensifying strikes in the runup … Read more

KSA, UK to boost security off Yemen

RIYADH: Saudi Arabia and Britain launched a partnership Tuesday to strengthen Yemen’s coastguard in the Red Sea and Gulf of Aden, where Huthi rebels have stepped up attacks on commercial shipping. Under the agreement announced at a news conference in Riyadh, the coastguard of Yemen’s internationally recognised government would be trained and equipped to tackle … Read more