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Pakistan still heavily relies on cash

[ LAHORE: Despite the government’s ambitious plans to transform Pakistan into a digital economy, the reality on the ground shows that cash still dominates financial transactions. With more than Rs9.5 trillion in cash circulating in the economy, Pakistan’s dependence on physical currency highlights how far the country has to go before becoming truly cashless. Pakistan … Read more

Monster Hurricane Melissa makes landfall in Jamaica

. Hurricane Melissa. Photo: Reuters KINGSTON: Ferocious winds and torrential rain tore into Jamaica Tuesday as Hurricane Melissa made landfall, the worst storm ever to strike the island nation and one of the most powerful hurricanes on record. The extremely violent Category 5 system was still crawling across the Caribbean, promising catastrophic floods and life-threatening … Read more

Amazon cuts 14,000 jobs as AI takes hold

[ Says it will offer most affected workers 90 days to look for new role internally, further cuts planned A visitor stands near a logo of Amazon during the annual Retail Leadership Summit in Mumbai, India, February 27, 2025. PHOTO: REUTERS SAN FRANCISCO: Amazon said on Tuesday it will reduce its global corporate workforce by … Read more

US kills 14 in strikes on Pacific drug boats

. US Defense Secretary Pete Hegseth delivers a speech during a ceremony marking the 24th anniversary of the September 11, 2001, attacks on the United States at the Pentagon, in Washington DC US. PHOTO: REUTERS WASHINGTON: US forces killed 14 people in strikes that destroyed four alleged drug-smuggling boats in the eastern Pacific Ocean, Defense … Read more

China’s Five-Year Plan a model for Pakistan

[ Chinese Ambassador to Pakistan HE Jiang Zaidong. PHOTO: EXPRESS ISLAMABAD: China and Pakistan are committed to enhancing economic growth and improving the well-being of their citizens as Beijing’s success in implementing Five-Year Plans offers a model for governance that can be valuable for Islamabad, which is working on its own Uraan five-year plan. These … Read more

Angel Reese, first pro athlete to grace VS runway

angel reese photo file

Basketball star’s appearance marks a powerful crossover between sport and fashion Angel Reese. Photo: file NEW YORK: Angel Reese, the Chicago Sky forward and former Louisiana State University basketball star, took her game from the court to the catwalk last week, making history as the first professional athlete to walk in the Victoria’s Secret Fashion … Read more

Israeli airstrikes shatter Gaza ceasefire

People look on as Hamas fighters carry a body retrieved from a tunnel in an area north of Khan Yunis. Photo: AFP JERUSALEM/CAIRO: Israeli planes launched strikes in Gaza City on Tuesday after Prime Minister Benjamin Netanyahu accused Hamas of violating a ceasefire in the Palestinian territory and ordered the military to carry out “powerful … Read more

KSA hosts business elite with eyes on gigaprojects, AI

. Guests attend the opening ceremony in Riyadh. Photo: AFP RIYADH: Saudi Arabia on Tuesday kicked off a major investment conference featuring heads of state and the global business elite, as it seeks support for its sprawling “gigaprojects” and sky-high AI ambitions. The Future Investment Initiative (FII), dubbed “Davos in the desert”, is once again … Read more

PSX extends bear run, dips 2,063 points

[ KARACHI: The Pakistan Stock Exchange (PSX) faced a sharp downturn on Tuesday as initial gains evaporated amid heavy selling later in the day, pushing the benchmark index deep into the negative territory. Following a positive beginning, the KSE-100 index surged to the intra-day high of 163,381 points. However, it turned course in the latter … Read more