Karachi hit by heavy rains, urban flooding and power outages

Torrential monsoon rains lashed Karachi on Tuesday, triggering urban flooding in several neighbourhoods, disrupting traffic, and causing widespread power outages. Dark clouds covered the city by afternoon, followed by heavy showers with strong winds in areas including Surjani Town, Federal B Area, Gulshan-e-Iqbal, Qayyumabad, Gulistan-e-Jauhar, Malir, Shahrah-e-Faisal, Nazimabad, and New Karachi. Rainwater accumulated on major … Read more

Sports Round up

TOP QUOTE Simeone: I think this has been a learning experience for myself Diego Simeone admits tactical errors contributed to Atletico's opening defeat against Espanyol   TOP STORIES ATHLETICS Thompson out of Lausanne meet PARIS. Kishane Thompson, the fastest man in the 100m this year and a favourite for next month's world championships, will miss … Read more

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