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New index reorders provincial race

[ KARACHI: Pakistan has never really assessed how much a provincial government has improved during its tenure; instead, provinces have generally been ranked against one another, a method that repeatedly puts Punjab on top regardless of which party is in power. A new Provincial Performance Scorecard (PPS-9), authored by Pakistan Institute of Development Economics (PIDE) … Read more

Oil slips on US stock build, Middle East disruptions limit losses

[ In FY24-25, the royalty collected from the oil and gas fields in Sindh was around Rs60 billion. PHOTO: FILE Oil prices fell on Wednesday, retreating after a two-day rally following an unexpectedly ‌large build in US crude inventories, while supply disruptions in the Middle East lingered. Brent crude futures fell 73 cents, or 0.67%, to … Read more

Ed Sheeran tour loses all opening acts after Macklemore exit

photo afp

Ed Sheeran’s opening acts withdraw from his tour after Macklemore was removed following his ‘Free Palestine’ comments All of Ed Sheeran’s opening acts have withdrawn from the remaining dates of his Loop tour following Macklemore’s removal from the trek after his public support for Palestine. Irish singer-songwriter Aaron Rowe was the first to announce his … Read more

Pakistan condemns Houthi attacks on Saudi Arabia at UN, calls for de-escalation

Envoy says Pakistan fully supports Saudi Arabia’s right to take necessary measures to defend its territory Pakistan’s Permanent Representative to the UN, Ambassador Asim Iftikhar Ahmad, speaks during a UN Security Council emergency meeting on Yemen. SCREENGRAB Pakistan’s Permanent Representative to the United Nations, Ambassador Asim Iftikhar Ahmad, condemned Houthi attacks on Saudi Arabia, calling … Read more

Iqbal sets $1tr digital goal for 2035

[ URUMQI: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal on Tuesday outlined a transformative digital roadmap aimed at propelling Pakistan into a $1 trillion economy by 2035 under the national vision Uraan Pakistan, according to a statement issued on Tuesday. Addressing high-level delegates from Shanghai Cooperation Organisation (SCO) member states at the … Read more

Geely set to enter crowded auto market

[ Bestway named sole distributor; bookings expected before end-2026 as plant utilisation sits below 50% LAHORE: Chinese automaker Geely is set to enter Pakistan’s auto market, already straining under underused production capacity, as Bestway Automotive Private Limited (BAL) on Monday confirmed it has been appointed the brand’s sole authorised distributor in the country, with vehicle … Read more

Policy rate status quo triggers PSX rebound

[ PSX The KSE-100 index experienced seesaw movements during the outgoing week PHOTO:FILE KARACHI: Pakistan Stock Exchange (PSX) staged a modest rebound on Tuesday as the benchmark KSE-100 index gained 1,421.67 points, or 0.85%, to settle at 169,392.33, driven by renewed buying across key sectors and improved investor sentiment. The index moved between the intra-day … Read more

A case of celestial cannibalism

LOS ANGELES: A California-based astrophysicist presented a new theory on Monday to explain why Venus, the planet most like Earth in size, mass and structure, lacks its own moon. Call it a case of celestial cannibalism. The extremely slow speed at which Venus rotates on its axis would have doomed any natural satellite that may … Read more

OIC condemns ‘heinous attacks’ on Makkah, Madinah region

A view of Makkah, the holy city. PHOTO: ANADOLU   The Organisation of Islamic Cooperation condemned what it called Houthi attacks on Makkah and the Madinah region, calling them “heinous attacks” intended to “terrorise civilians” and violate the sanctity of holy sites and mosques, according to Al Jazeera. Saudi air defences intercepted and destroyed a drone said to … Read more