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Buy forest’s services, not its timber

[ K-P policy, laws and management plans must be revised to value non-timber benefits ISLAMABAD: With a view to compensating private forest owners, a comprehensive strategy has to be devised and implemented. The existing forest policies, laws, management plans and strategies are based on timber harvesting, and foresters are trained in how to grow forests … Read more

Red tape is as costly as tariffs

[ Modern customs administration does not attempt to examine everything. PHOTO: FILE ISLAMABAD: The government’s recent decision to establish a Trade Facilitation Board under the chairmanship of the prime minister is an important step towards putting export-led growth at the centre of Pakistan’s sustainable economic strategy. The high-level board is expected to address regulatory issues … Read more

Zverev seals US Open title

The top seed beats Shelton 6-3, 7-6 (7/2), 5-7, 6-2 to complete a Grand Slam-winning season Germany’s Alexander Zverev celebrates with the trophy after winning the men’s singles final against Ben Shelton of the US. Photo: AFP NEW YORK: Alexander Zverev held off Ben Shelton to win the US Open on Sunday, capturing the second … Read more

Israel raises naval readiness as Houthis gain ground near Bab el-Mandeb: report

Security establishment fears growing Houthi control could threaten shipping through strategic Red Sea chokepoint Israel has stepped up the readiness of its naval forces amid growing concern over advances by Yemen’s Houthi group near the strategic Bab el-Mandeb Strait, the Israeli newspaper Yedioth Ahronoth reported Sunday. The daily said Israel’s security establishment is closely monitoring … Read more

Energy riches but poor masses of Sindh

[ Development strategy needs a reset to provide benefits of oil, gas discoveries to all In FY24-25, the royalty collected from the oil and gas fields in Sindh was around Rs60 billion. PHOTO: FILE ISLAMABAD: Sindh is geographically 29% larger than South Korea. However, its economy with GDP of around $135 billion is at least … Read more

Will US repeat Japan’s Plaza Accord mistake?

[ Trade war with China mirrors 1980s currency manipulation that cost Japan a decade ISLAMABAD: In the early 1980s, the Reagan Administration struggled to control the trade deficit without success. It kept rising, reaching around $123.5 billion in 1984. The administration sought a short-term solution and ignored inefficiencies in the economic, manufacturing and industrial sectors. … Read more

Arshad Nadeem finishes fifth at Ultimate Championship

Pakistan’s Olympic champion Arshad Nadeem finished fifth in the men’s javelin at the inaugural World Athletics Ultimate Championship on Sunday, missing out on the final round after producing a season-best 81.49 metres. Nadeem opened with 74.42m before improving to 79.66m on his second attempt. His third throw of 81.49m was his best of the competition … Read more

Hero, Zero, Then Hero Again

His performance has highlighted Pakistan’s talent pool despite a disappointing Test campaign Razaullah smashed nine sixes to equal Tim Southee’s record for the most by a player on Test debut during a remarkable innings against England at Edgbaston. Photo: AFP KARACHI: The first day of the Edgbaston Test: Razaullah bowled at speeds of around 90 … Read more