Debt surges to record Rs80.5tr

[ ISLAMABAD: Public debt has jumped to a new record of Rs80.5 trillion by the end of June – an addition of Rs25.4 billion per day, breaching an Act of Parliament and further weakening the government’s debt-bearing capacity, revealed official statistics. The State Bank of Pakistan (SBP) has released the debt bulletin for fiscal year … Read more

Pakistan, Kazakhstan eye $1b trade target

[ ISLAMABAD: Pakistan and Kazakhstan on Tuesday pledged to transform their historic and cultural ties into a broad-based economic partnership, with both sides agreeing to enhance trade, industrial cooperation, and regional connectivity. As per an official statement, the understanding was reached during a meeting in Islamabad between Federal Minister for Commerce Jam Kamal Khan and … Read more

US explores investment in Pakistan’s ports

[ ISLAMABAD: A US delegation visited the Ministry of Maritime Affairs on Tuesday, where it was briefed on Pakistan’s ports, operational capacity, business models, and maritime connectivity. Federal Secretary Syed Zafar Ali Shah received the delegation, according to an official statement. The delegation was told Karachi Port operates three private container terminals, one bulk terminal, … Read more

Urbanisation is a ‘bird-en’ that Karachi cannot sustain much longer

urbanisation

KARACHI: Karachi was once described as one of the world’s great coastal metropolises, a city where nearly a hundred species of native birds could be found. Kingfishers perched near mangroves, sparrows flocked in backyards, and herons moved gracefully across wetlands. For older residents, these sightings were unremarkable, part of the city’s natural rhythm. But today, … Read more

Lyles leads US medal charge in Tokyo, Kipyegon eyes fourth title

TOKYO: Noah Lyles and Sydney McLaughlin-Levrone lead the US medal charge at the world championships in Tokyo that get under way on Saturday while Armand Duplantis is expected to cement his legacy as the greatest pole vaulter in history. They will be followed by some of the sport’s biggest names  — Faith Kipyegon, Karsten Warholm … Read more