Listen to article ISLAMABAD: Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan held a meeting on Wednesday with National Bank of Pakistan (NBP) President Rehmat Ali Hasnie to deliberate on enhancing financial support for industrial development. During the meeting, matters related to industrial loans, investment promotion and strengthening partnership between the banking … Read more

[ Listen to article KARACHI: The Pakistan Stock Exchange (PSX) witnessed a mixed session on Wednesday as investors remained cautious ahead of the State Bank of Pakistan’s (SBP) policy rate announcement. However, late-session buying lifted the benchmark KSE-100 index by nearly 450 points. The index fluctuated between intra-day high of 139,018.88 and low of 137,658.81. It closed … Read more

JERUSALEM: The United Arab Emirates has begun construction on a major pipeline to carry desalinated water from Egypt to southern Gaza, according to multiple sources. Technical teams sent by the UAE have started transporting equipment needed for the project, the Emirati state news agency WAM reported on Wednesday. The nearly seven-kilometre (4.5-mile) pipeline aims to … Read more

DUBAI: All-rounders Ben Stokes and Ravindra Jadeja have made substantial gains in the ICC Men’s Test Player Rankings after their fine performances with both bat and ball in the drawn fourth Test of the ICC World Test Championship series between England and India. England captain Stokes has progressed three places to third position among all-rounders, … Read more

[ Listen to article KARACHI: The trade and industrial community has strongly reacted to the State Bank of Pakistan’s (SBP) decision to leave its policy rate unchanged at 11%, which came in contrary to widespread expectations of a 50-basis-point reduction and calls for a massive cut to around 6%. In the run-up to monetary policy announcement on … Read more

LONDON: UK flights were disrupted on Wednesday by a technical glitch that was quickly resolved, according to the air traffic control service. The number of aircraft in London’s air space was limited by the service, known as NATS, as a result of a technical issue, causing airports including Gatwick and Edinburgh to stop departures. NATS … Read more

PARIS/BERLIN: Boris Rehlinger may not turn heads on the streets of Paris, but his voice is instantly recognisable to millions of French filmgoers. As the French voice of Ben Affleck, Joaquin Phoenix, and even Puss in Boots, Rehlinger is a star behind the scenes — and now he is fighting to keep his craft alive in … Read more

Listen to article KARACHI: Despite apparent economic recovery and stable headline inflation, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 11%, which reflects persistent and emerging vulnerabilities across Pakistan’s macroeconomic landscape. SBP Governor Jameel Ahmad, conducting a press conference, admitted that the inflation outlook has deteriorated due to steep gas tariff hikes and … Read more

[ Listen to article NEW YORK: US stocks closed well off earlier highs after a choppy session on Wednesday, as Federal Reserve Chair Jerome Powell chilled expectations the central bank might be poised to cut rates at its September meeting. In keeping rates unchanged, as was widely expected, the central bank said “the unemployment rate remains low, … Read more

WASHINGTON: Scientists diving to astounding depths in two oceanic trenches in the northwest Pacific have discovered thriving communities of marine creatures that get their sustenance not by eating organic matter like most animals but by turning chemicals into energy. They found these chemosynthesis-based animal communities – dominated by tube worms and clams – during a … Read more