SBP governor stresses need for stronger capital markets

[ KARACHI: Governor State Bank of Pakistan (SBP) Jameel Ahmad has stressed the need for well-developed, deep and diversified capital markets to complement the banking sector and support long-term, sustainable economic growth. According to a statement released on Monday, Ahmad was speaking at the conference “Unlocking the Capital Markets Potential for Banks” held in Karachi. … Read more

German FA opens investigation after racist abuse in Cup matches

LONDON: The German Football Federation (DFB) has opened an investigation into alleged racist abuse incidents at two German Cup matches, the German soccer governing body said on Monday after FIFA president Gianni Infantino condemned the incidents.The alleged racial abuse incidents occurred on Sunday in the first round of DFB Cup matches, during second-tier Schalke 04’s … Read more

PRA posts 46% surge in July tax collection

[ LAHORE: The Punjab Revenue Authority (PRA) has started the financial year 2025-26 on a strong note with impressive revenue growth in the first month. According to a spokesperson, PRA collected Rs19.5 billion in sales tax during July, while Rs506 million was generated under the Punjab Infrastructure Development Cess. The total reached Rs20.073 billion, showing … Read more