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PVARA nears licensing regime

[ ISLAMABAD: Minister of State and Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA), Bilal Bin Saqib, has said that Pakistan is moving closer to establishing a comprehensive licensing regime for virtual asset service providers, marking a significant milestone for the country’s virtual assets sector. He made these remarks while chairing the third meeting … Read more

Trump’s top general seeks path out of Iran war as military options narrow: report

Report says Trump ultimately postponed the operation after Gulf partners warned of possible attacks US Chairman of the Joint Chiefs of Staff Gen. Dan Caine has privately urged senior Trump administration officials to seek a way to de-escalate the war with Iran, amid concerns that available military options could produce limited results and trigger wider … Read more

Call for Infantino to resign comes amid wave of support

FIFA President Gianni Infantino during the press conference. Photo: REUTERS PARIS: Beleaguered FIFA president Gianni Infantino has received some much-needed support after over a week of scathing criticism revolving around the now shelved private investment plan but there was again a call Friday for him to resign. The 56-year-old Italian-Swiss lawyer’s position remains far from … Read more

Cases in international courts swallow billions

[ ISLAMABAD: Pakistan’s government is currently fighting several cases pertaining to the power sector in international courts and is spending billions of rupees, which sparks questions about consistency of investment policy. These cases have been filed by different investors, who allege breach of contracts by the government of Pakistan. Earlier, in a case related to … Read more

OIC welcomes ‘historic’ Turkish-Saudi-Pakistani joint defence pact

Says agreement constitutes fundamental pillar for supporting security, stability in region, across Muslim world. Secretary General of the Organisation of Islamic Cooperation Hissein Brahim Taha. PHOTO: ANADOLU AGENCY The Organisation of Islamic Cooperation (OIC) welcomed Friday the signing of the Makkah Joint Defense Agreement among Saudi Arabia, Türkiye and Pakistan. OIC Secretary General Hissein Brahim Taha … Read more

IFC invests $20m in Novatex

[ ISLAMABAD: The International Finance Corporation has announced an investment of up to $20 million in plastic packaging manufacturer Novatex Limited to support imports of raw materials and equipment, strengthen export competitiveness and promote sustainable production, a World Bank news release said on Friday. The IFC, a member of the World Bank Group, said the … Read more

Short-term inflation increases 9.29% YoY

[ IMF projects 7.2% inflation this fiscal year, up from its earlier 6.3% estimate. PHOTO: PIXABAY ISLAMABAD: The pace of inflation accelerated during the first week of August 2026, reversing the slowdown recorded in the final week of the previous month. The weekly inflation rate rose 0.28%, while the annual inflation stood at 9.29%. During … Read more

Rybakina advances while Andreeva exits at Toronto

World number two Elena Rybakina, the reigning Australian Open champion, defeated American Ann Li to reach the fourth round of the WTA Toronto Masters hardcourt tournament. Photo: AFP TORONTO: Reigning Australian Open champion Elena Rybakina advanced to the fourth round of the WTA Toronto Masters on Friday while French Open winner Mirra Andreeva was eliminated … Read more