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[ Finance ministry says total issuance stood at $3 billion, while global demand was ‘nearly $6.0 billion’ Since July 22, numerous unauthorised exchange outlets have been closed after the military intelligence agency summoned currency dealers to address the rising dollar rate in the open market. photo: file Pakistan has issued $3 billion through a dual-tranche … Read more
Third-seeded Jessica Pegula celebrates her victory over Sofia Kenin in the second round of the US Open. Photo: AFP NEW YORK: World number three Jessica Pegula and former champion Daniil Medvedev raced into the third round of the US Open on Wednesday with straight-sets victories. Pegula needed just 56 minutes to trounce Sofia Kenin, the … Read more
The 25-year-old walks away after questioning the club’s handling of his medical Folarin Balogun pulled out of a move to Premier League club Everton. Photo: AFP LONDON: Folarin Balogun’s £40 million ($54 million) move to Everton from Monaco collapsed hours before the transfer window closed because the United States striker pulled out over his “treatment” … Read more
[ South exports surge 40%, total dispatches fall 0.70% in August; association expresses grave concern LAHORE: Pakistan’s cement dispatches declined by 0.70% in August 2026, with total volumes falling to 4.039 million tonnes from 4.068 million tonnes in the same month last year, according to data released by the All Pakistan Cement Manufacturers Association (APCMA). … Read more
[ LAHORE: The Punjab Revenue Authority (PRA) has collected Rs54.8 billion in the first two months of the current fiscal year, its highest-ever collection for the July-August period, marking an increase of Rs11.5 billion over the Rs43.3 billion gathered during the same months last year, according to a statement issued on Wednesday. The improved performance … Read more
Pakistan Cricket Board chairman Mohsin Naqvi on Wednesday defended the sweeping changes to the national Test squad after two heavy defeats by England, saying the overhaul was necessary to improve performances ahead of the third Test in Birmingham. “I have never been afraid of criticism, and I never will be,” Naqvi said in an interview … Read more
The Spaniard calls for changes as more players struggle with fatigue and injuries Carlos Alcaraz plans to play fewer tournaments in future. Photo: AFP NEW YORK: Carlos Alcaraz said Wednesday he plans to play fewer tournaments in future, blaming an “impossible” tennis calendar for a rising number of injuries in the sport. Alcaraz, who has … Read more
[ Oil prices edged lower on Thursday as investors weighed the uncertainty of renewed military strikes between the US and Iran that risk disrupting supplies from the Middle East. Brent crude futures fell 59 cents, or 0.62%, to $95.04 a barrel, while US West Texas Intermediate crude futures were down 38 cents, or 0.42%, at $90.63. The … Read more
US military maintains 50,000 troops and 19 warships in the Middle East for a long-term strategy Vessels near the Strait of Hormuz, as seen from Musandam, Oman, August 17, 2026. — REUTERS Iran claimed on Thursday that it laid additional naval mines in the Strait of Hormuz, while mockingly dismissing US claims of control over the … Read more
[ KARACHI: State Bank of Pakistan (SBP) Deputy Governor Muhammad Ali Khan has said that the SBP is making efforts to foster a trusted and accountable digital financial ecosystem. “At the State Bank of Pakistan, our focus is not only on expanding digital access, but on building trust, strengthening regulation and accountability, and enabling digital … Read more