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[ ISLAMABAD: Russian Ambassador Albert P Khorev said on Thursday that they were exploring alternative banking channels with Pakistan to reduce reliance on western payment networks. The two countries have long faced problems in making payments. They even could not implement the Pak Stream Gas Pipeline project owing to US and EU sanctions that derailed … Read more
Faiz Hameed convicted on four charges; Involvement in political agitation being probed; Convict can appeal Former ISI chief Lt-Gen (retd) Faiz Hameed. PHOTO: FILE ISLAMABAD: In an unprecedented development in Pakistan’s civil-military history, former Inter-Services Intelligence (ISI) chief Lt Gen (retd) Faiz Hameed on Thursday was convicted and sentenced to 14 years of rigorous imprisonment … Read more
[ Nearly 87% of foreign loans were for budget financing and building foreign exchange reserves, which meant that these had not been utilised for creating assets. PHOTO: FILE KARACHI: Pakistan’s foreign exchange reserves have crossed the $20 billion mark after the State Bank of Pakistan (SBP) confirmed the receipt of about $1.2 billion from the … Read more
This week in Newly Reviewed, Andrew Russeth covers Jeff Koons’s big-budget baubles, Park Hyunki’s artificial boulder, Joseph Geagan’s demimonde and a group show of photos on fridges.
[ KARACHI: Pakistan’s automotive market experienced a sharp monthly slowdown in November, with total car sales plummeting 11% to 15,442 units from October’s 17,333, according to the Pakistan Automotive Manufacturers Association (PAMA). Despite the monthly dip, year-on-year figures paint a brighter picture, up 592% from November 2024’s 10,163 units, buoyed by lower interest rates and … Read more
CRI warns garment workers face rising climate-driven risks in global supply chains KARACHI: Pakistan and Bangladesh, despite being among the world’s lowest carbon emitters, continue to bear some of the harshest consequences of climate change, a reality underscored once again as the International Accord for Health and Safety in the Garment and Textile Industry moves … Read more
Just as this week’s floodwaters in the Pacific Northwest begin to recede, forecasters warn, another storm will approach the West Coast.
[A federal lawsuit argues that proposed work by ConocoPhillips could threaten delicate ecosystems in the largest tract of public land in the U.S.
PARIS: Sick young ants release a smell to tell worker ants to destroy them to protect the colony from infection, scientists said Tuesday, adding that queens do not seem to commit this act of self-sacrifice. Many animals conceal illness for social reasons. For example, sick humans are known to risk infecting others so they can … Read more
[ Shares of 345 companies were traded. At the end of the day, 75 stocks closed higher, 254 declined and 16 remained unchanged. PHOTO: FILE KARACHI: Profit-taking continued at the Pakistan Stock Exchange (PSX) for the second consecutive day on Thursday, which brought major sectors under selling pressure, dragging the benchmark KSE-100 index down by … Read more