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Steel giants fined Rs1.5b for price fixing

[ ISLAMABAD: The Competition Commission of Pakistan (CCP) has unearthed monopolistic practices by two steel industry giants and imposed a fine of Rs1.5 billion for allegedly fixing prices. The competition body has slapped penalties on Aisha Steel Mills and International Steels after finding them involved in cartelisation and price fixing in violation of Section 4 … Read more

‘Bennifer’ reunite on red carpet

bennifer reunite on red carpet

Ben Affleck and Jennifer Lopez shared the spotlight once again this week as they reunited on the red carpet for the premiere of ‘Kiss of the Spider Woman’ in New York City — their first public appearance together since finalising their divorce in 2024. Lopez stars in the musical drama, while Affleck serves as an executive … Read more

Egypt qualifies for 2026 World Cup

JOHANNESBURG: Liverpool star Mohamed Salah scored twice to help Egypt beat Djibouti 3-0 in Casablanca on Wednesday and qualify for the 2026 World Cup. The 33-year-old has now netted nine times in a marathon qualifying campaign that began two years ago, and victory for Egypt gave them an unassailable five-point lead over Burkina Faso in … Read more

Ratcliffe gives Amorim three years to prove himself at Man Utd

MANCHESTER: Ruben Amorim has been given three years to prove himself at Manchester United after co-owner Jim Ratcliffe insisted he will not make a knee-jerk decision about the under-fire manager’s future. Amorim has endured constant speculation that he faces the sack throughout this season as United lurched from one crisis to another. The former Sporting … Read more

PSX loses 907 points on institutional selling

[ KARACHI: The Pakistan Stock Exchange (PSX) extended its losing streak for the third consecutive session on Wednesday and lost over 900 point as investors were worried about chances of no reduction in policy rate in the next meeting and the ongoing International Monetary Fund (IMF) review under the $7 billion Extended Fund Facility. Though … Read more

Substandard batteries risk EV confidence

[ LAHORE: Director General Pakistan Automotive Manufacturers Association (PAMA) Abdul Waheed Khan has warned the government against supporting substandard electric vehicles (EVs) under its subsidy scheme, saying it could destroy consumer confidence and derail the shift to clean mobility. He said that despite government subsidies, buyers still pay a large amount from their own pockets … Read more