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[ 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
[ 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
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
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
[ KARACHI: Amid the post-Covid massive inflationary spiral, the fiscally suffocated government with limited days of foreign exchange reserves became massively dependent on the domestic debt market to finance their massive deficits, and amid rising inflation they had to issue massive amount of floating-rate, long-tenor debt instruments to manage extreme rollover risk. For reference, the … Read more
At least six people were killed and more than 100 rescued after the vessel sank in the Java Sea on Sunday, the authorities said.
[ Central banks quietly diversifying holdings as geopolitical tensions reshape assumptions about where reserves are saf KARACHI: The Dutch central bank (DNB) has shifted 86 metric tons of gold from New York and Ottawa to London as part of “crisis preparedness” amid global political tensions. The bank held 612.4 metric tons of gold worth 72.2 … Read more
MOHMAND: The education of 519 students is reportedly being affected by a severe shortage of teachers at two government schools in Halimzai tehsil of Mohmand tribal district, raising concerns among parents about their children’s academic future. According to local sources, the Government Primary School Yaseen Kor Kamali has only one teacher for around 300 students, … Read more
Militants have opened a new front in Peshawar by weaponising commercially available drones to target police installations from a distance while remaining concealed. At least two drone attacks have been reported in recent weeks. The first targeted the Tarnab police post in the limits of Chamkani police station, injuring four people, including two policemen and … Read more
Generation of electricity is the second largest source of carbon dioxide and other planet-warming gases in the United States.