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OIC welcomes ‘historic’ Turkish-Saudi-Pakistani joint defence pact

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Says agreement constitutes fundamental pillar for supporting security, stability in region, across Muslim world. Secretary General of the Organisation of Islamic Cooperation Hissein Brahim Taha. PHOTO: ANADOLU AGENCY The Organisation of Islamic Cooperation (OIC) welcomed Friday the signing of the Makkah Joint Defense Agreement among Saudi Arabia, Türkiye and Pakistan. OIC Secretary General Hissein Brahim Taha … Read more

IFC invests $20m in Novatex

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[ ISLAMABAD: The International Finance Corporation has announced an investment of up to $20 million in plastic packaging manufacturer Novatex Limited to support imports of raw materials and equipment, strengthen export competitiveness and promote sustainable production, a World Bank news release said on Friday. The IFC, a member of the World Bank Group, said the … Read more

Short-term inflation increases 9.29% YoY

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[ IMF projects 7.2% inflation this fiscal year, up from its earlier 6.3% estimate. PHOTO: PIXABAY ISLAMABAD: The pace of inflation accelerated during the first week of August 2026, reversing the slowdown recorded in the final week of the previous month. The weekly inflation rate rose 0.28%, while the annual inflation stood at 9.29%. During … Read more

Rybakina advances while Andreeva exits at Toronto

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World number two Elena Rybakina, the reigning Australian Open champion, defeated American Ann Li to reach the fourth round of the WTA Toronto Masters hardcourt tournament. Photo: AFP TORONTO: Reigning Australian Open champion Elena Rybakina advanced to the fourth round of the WTA Toronto Masters on Friday while French Open winner Mirra Andreeva was eliminated … Read more

$60b digital economy at risk without action

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[ LAHORE: In a world increasingly defined by data, Pakistan stands at a pivotal crossroads. While the nation’s youth bulge and entrepreneurial spirit are well-documented, the infrastructure to harness their potential in the digital age remains a glaring gap. This was the central theme of a think tank session held at the Pakistan China Joint … Read more

48% ghee samples fail quality test

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[ ISLAMABAD: About 48% of total vanaspati ghee samples collected from markets, 75% of refined palm oil and 44% packaged milk were found substandard and could cause serious heart diseases among the people, according to alarming findings released by the government on Friday. The findings, which the Ministry of Planning officially released, were based on … Read more

Trump’s top general seeks path out of Iran war as military options narrow: report

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US Chairman of the Joint Chiefs of Staff Gen Dan Caine has privately urged senior Trump administration officials to seek a way to de-escalate the war with Iran, amid concerns that available military options could produce limited results and trigger wider retaliation, according to a report on Friday. Citing three sources familiar with the discussions, CNN … Read more

Middle East conflict weighs on PSX

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[ KARACHI: Pakistan Stock Exchange (PSX) slipped into negative territory on Friday as cautious investor sentiment and fears of an escalation in the Middle East conflict triggered selling across major sectors. The benchmark KSE-100 index closed at 181,430.02, down 346.57 points, or 0.19%, after hitting the intra-day high of 181,647.27 and the intra-day low of … Read more