Month: May 2026

[ KARACHI: Foreign companies operating in Pakistan repatriated $172 million in profits during April 2026, marking a significant 42% increase compared to the same month of last year, according to data released by the State Bank of Pakistan (SBP). The sharp rise was primarily driven by the financial business sector, which accounted for $72 million … Read more

ISTANBUL: Israeli forces opened fire on at least two vessels in an aid flotilla sailing towards Gaza on Tuesday, according to video footage and flotilla organisers, but Israel said no live ammunition was used and there were no casualties. Video from the flotilla’s livestream showed soldiers firing shots at two of the boats. The type … Read more

[ ISLAMABAD: A parliamentary panel on Tuesday asked the government to explain the reasons for keeping a key position of deputy governor at the central bank vacant for the past one and a half years, as it also expressed dissatisfaction over the performance of the debt office. The Senate Standing Committee on Finance instructed both … Read more

SAN DIEGO: “Anti-Islamic writings” were found in a vehicle connected to the two teenage suspects in Monday’s shooting at the Islamic Center of San Diego that killed three people, according to a Department of Justice official with knowledge of the investigation. The alleged gunmen have been identified as Caleb Vasquez, 18, and Cain Clark, 17, … Read more

[ Modern, climate-resilient design to upgrade key transport corridor linking three provinces ISLAMABAD: The Economic Affairs Division (EAD) and the Asian Infrastructure Investment Bank (AIIB) have signed a loan agreement of $320.16 million for the reconstruction of critical sections of National Highway N-5 under Pakistan’s Resilient Recovery, Rehabilitation and Reconstruction Framework Project, according to a … Read more

[ ISLAMABAD: The government announced on Tuesday that it had given in-principle approval for selling 30% shares of Pakistan National Shipping Corporation (PNSC) to National Logistics Corporation (NLC) along with management control, kicking off the process to meet formalities. It also announced a technical supplementary grant “amounting to Rs160 million for repair and maintenance of … Read more

Torrential rain closes schools and businesses, disrupts transport and power supplies HONG KONG: Torrential rain continued across southern and central China on Tuesday with at least 21 people killed in widespread flooding that also closed schools and businesses, and disrupted transport and power supplies, authorities said. China’s weather agency said areas of Jiangxi, Anhui, Hunan, … Read more