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UEFA keeps pressure on Infantino

LAUSANNE: Embattled FIFA president Gianni Infantino was on Thursday potentially facing a legal suit brought by UEFA accusing him of “criminal mismanagement” over his now-shelved plan to bring private financing into the World Cup. But, the 56-year-old Swiss chief of world football’s governing body gained some respite when UEFA also announced later on Thursday that … Read more

Saudi eyes airport privatisation

[ ISLAMABAD: Saudi Arabia’s Asyad Group has expressed interest in participating in Pakistan’s upcoming airport privatisation process and is exploring additional investment opportunities across key sectors, including the financial sector, according to a statement from the Ministry of Finance on Thursday. Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting with Asyad … Read more

Trump administration seeks to restrict internships for international students

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

[ 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

[ 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

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

[ 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