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Seattle shooting suspect in custody, local media reports 2 dead, 5 injured

Shooting took place at a downtown Seattle food festival; police urge people to avoid the area Police officers stand at a cordoned-off area after Seattle Police responded to what they described as a shooting with “multiple” victims at Seattle Center, which was hosting a Bite of Seattle food festival, in Seattle, Washington, US, July 26, … Read more

Cheap labour export is not a wise strategy

[ Sindh government announces publich holiday of May 1. PHOTO: TRIBUNE KARACHI: The fiscal year closed with a current account deficit of $139 million. Although meagre, it marks a reversal from the previous year’s surplus of $1.838 billion. According to State Bank of Pakistan statistics, the current account was cushioned by a $3.3 billion increase … Read more

Why Pakistan’s inflation is worse than China’s

[ ISLAMABAD: Every time the State Bank of Pakistan (SBP) lets money supply grow drastically by issuing bonds or by injecting rupees on account of remittances, we expect inflation in a while. But when the People’s Bank of China does something similar, no one in Beijing worries about inflation. For perspective, in 2026, Pakistan’s headline … Read more

Ugandan diplomat joins race for top UN post

. Logo of the United Nations seen on a building of the global organisation.PHOTO: AFP UNNAO, INDIA: Veteran Ugandan diplomat Olara Otunnu has entered the race to become the next United Nations secretary-general, becoming the seventh candidate seeking to succeed Antonio Guterres when his second five-year term ends later this year. Uganda formally nominated Otunnu … Read more

Time to drill deeper or keep importing

Oil and gas sector. Photo: File KARACHI: For more than six decades, Pakistan’s exploration and production (E&P) companies have been tasked with discovering and developing domestic oil and gas reserves to meet the country’s growing energy needs. Despite pockets of success, the sector’s overall performance has fallen short of national requirements. Production has stagnated, discoveries … Read more