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Moody’s upgrades Pakistan’s rating

[ ISLAMABAD: Ahead of the government’s plans to venture into western markets to raise billions of dollars, Moody’s on Monday upgraded Pakistan’s rating to B3 but said international surveys continued to point to weak rule of law and control of corruption and limited government effectiveness. In its rating upgrade, one of the leading international credit … Read more

Oil steadies as investors weigh impact of latest US sanctions on Iran

[ Oil prices recovered ground on ​Tuesday after settling down more than 2% in the previous session, with investors assessing the impact of ‌the latest US sanctions against Iran. Brent crude futures rose 27 cents, or 0.3%, to $92.44 a barrel, while US West Texas Intermediate crude was up 37 cents, or 0.4%, at $85.38. Both contracts … Read more

Federer set for brief Ashe return

Roger Federer looks ahead to his exhibition return to Arthur Ashe Stadium. Photo: AFP NEW YORK: Roger Federer said Monday he is looking forward to this week’s celebratory return to Arthur Ashe Stadium to play for the first time since his final US Open in 2019. The exhibition Tuesday night during “fan week” ahead of … Read more

ISGS to execute refinery policy

[ Capacity concerns raised as bureaucracy shifts responsibility for upgrade programme ISLAMABAD: The government has designated Inter State Gas Systems (ISGS) as the policy implementation entity for the Pakistan Oil Refining Policy for Upgradation of Existing/Brownfield Refineries, 2023, shifting key responsibilities from OGRA to the state-owned company amid questions over its capacity. Sources in the … Read more

Keti Bunder: Zardari urges integrated plan

[ President calls for connectivity, infrastructure and livelihoods for local people President Asif Ali Zardari attends a presentation on the proposed development of Keti Bunder Port by China Harbour Engineering Company at Aiwan-e-Sadr. PHOTO: SABAH ISLAMABAD: President Asif Ali Zardari on Monday called for an integrated approach to the proposed development of Keti Bunder Port, … Read more

13 killed in Balochistan accidents, shootings

. QUETTA: Thirteen people, including four women and a father and son, were killed while seven others, including two children, sustained injuries in separate accidents and firing incidents across Balochistan. Five people, including four women, were killed and two children injured in a road accident at Goran, some 60 kilometres from Panjgur city, on Tuesday. … Read more

Transfer of K-P IGP put on hold

PESHAWAR: The proposed transfer of Khyber-Pakhtunkhwa Inspector General of Police Zulfikar Hameed has been put on hold, while the federal government has sought fresh consultations over the names submitted for the appointment of the province’s new police chief. According to provincial government sources, one of the three senior police officers whose names were forwarded by … Read more