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Trump administration seeks to restrict internships for international students

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University of California, Berkeley pause applications for work authorisations for foreign students Prospective students tour the University of California, Berkeley campus before beginning of the new semester, in Berkeley, California, US, June 8, 2023. PHOTO: REUTERS United States President Donald Trump’s administration has issued a memo for universities that seeks to restrict issuance of certain internship work authorisations for international students as the federal … Read more

SBP reserves edge up $17m to $17.1b

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[ KARACHI: Pakistan’s total liquid foreign exchange reserves inched up to $22.59 billion in the week ended August 21, 2026, the State Bank of Pakistan (SBP) reported. The reserves held by the central bank rose by $17 million to $17.10 billion while the net reserves with commercial banks increased to $5.49 billion. Total foreign currency … Read more

WB-backed gas sector reforms in focus

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[ Minister for Petroleum and Natural Resources Ali Pervaiz Malik. Photo: Reuters/ File KARACHI: Federal Minister for Petroleum Ali Pervaiz Malik has directed the board of Sui Southern Gas Company (SSGC) to develop a comprehensive strategy and sustainable business model with special focus on unaccounted-for-gas (UFG) loss control to transform the company into a financially … Read more

Arsenal face depleted Aston Villa

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LONDON: Arsenal are out to inflict more damage on a wounded Aston Villa, while Tottenham are desperate to see some return for their £300 million ($408 million) investment in new signings when Newcastle visit north London. New Liverpool boss Andoni Iraola also makes his home bow at Anfield against Nottingham Forest and Manchester United badly … Read more

Direct flights top trade agenda with Nepal

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[ KARACHI: Ambassador of Nepal Rita Dhital has called for restoration of direct air links between Pakistan and Nepal, saying improved connectivity is critical to unlocking trade, investment and tourism potential that remains underutilised. Speaking at an interactive session at the Lahore Chamber of Commerce and Industry (LCCI), she said regular flights, exchange of trade … Read more

Stocks close flat on profit-taking

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[ KARACHI: The Pakistan Stock Exchange (PSX) closed almost unchanged on Thursday as late profit-taking wiped out an early rally, leaving the KSE-100 index down almost 50 points. The benchmark index surged as much as 1,279 points to the intra-day high of 178,650 amid falling oil prices and hopes of progress in US-Iran talks. Selling … Read more