Trending Now: Latest global updates, business news, technology stories, sports headlines, and more.

Fuel supply chain under stress

[ OMCs set up infrastructure facilities like oil storages with capacity of 0.58 million tons for petrol and 0.88 million tons for high-speed diesel at various depots by the end of FY21. photo: file ISLAMABAD: Pakistan’s fuel supply chain is again showing signs of stress as policy delays, the closure of the Strait of Hormuz … Read more

Death toll from Venezuela earthquakes rises to 4,829

16,740 people injured in last month’s disaster, says National Assembly President Jorge Rodriguez People search for casualties amid the rubble of collapsed buildings, in the aftermath of earthquakes in La Guaira, Venezuela. Photo: REUTERS The death toll from last month’s back-to-back earthquakes in Venezuela climbed to 4,829, the country’s National Assembly President Jorge Rodriguez said … Read more

Argentina World Cup semi-final hero Martinez ‘dreamt’ of scoring winner

Argentina’s World Cup semi-final match-winner Lautaro Martinez said he had “dreamt” of scoring the goal which took his team through to the final at England’s expense on Wednesday. “I dreamt it. I told Alexis (Mac Allister) that I was going to score,” Martinez said after his heroics off the bench in Atlanta as the reigning … Read more

PSX surges over 2,800 points in midday trading 

KARACHI: The Pakistan Stock Exchange (PSX) witnessed strong buying interest on Thursday, with the benchmark KSE-100 Index climbing over 2,800 points in midday trade, reflecting renewed investor confidence following Wednesday’s recovery. As of midday, the KSE-100 Index stood at 178,124.14, up 2,838.36 points or 1.62 percent from the previous close of 175,285.78. The index touched … Read more

SME clusters key to driving exports

[ Malik urges stronger institutional support, easier financing to unlock growth potential LAHORE: Small and medium enterprises (SMEs) need stronger institutional support, easier access to finance and technology-driven business clusters if they are to play a bigger role in exports, industrial growth and job creation, former SAARC Chamber of Commerce and Industry President Iftikhar Ali … Read more

More than 500 feared dead after boats carrying refugees sink off Myanmar, UN says

Two vessels leave Myanmar’s Rakhine State in late June carrying mostly ethnic minority Rohingya passengers Rescue team members use rubber boats during a search operation for missing passengers in Simalungun, North Sumatra, Indonesia Photo: Reuters Two boats carrying more than 500 people may have capsized off Myanmar’s coast ‌in recent days, UN agencies said on … Read more

NTC decision in soda ash case draws criticism

[ ISLAMABAD: The National Tariff Commission’s (NTC) final determination in the soda ash dumping investigation has triggered criticism from the downstream industrial consumers and trade stakeholders, who describe the injury determination as legally flawed, economically unsustainable and contrary to the commission’s established practice. The respondents, including the Soap Manufacturers Association, chemical manufacturers, International Silicate and … Read more

Pakistan takes major step forward in digital payments

[ The minister urged citizens to always demand a proper receipt while making payments and to discourage businesses that refuse to issue e-bills or accept digital payments. photo:file KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad has welcomed the launch of the HBL, UnionPay International and PayPak co-badged debit card, describing the partnership as … Read more