Workforce exports drive economy
Listen to article LAHORE: Pakistan’s export of manpower to various regions across the globe has become an important aspect of its economic landscape. With millions of Pakistanis working abroad, their contributions via remittances have emerged as a lifeline for the country’s economy, especially in times of economic turbulence. However, the accompanying brain drain raises complex questions about […]
Revision of agreements with 14 IPPs approved to reduce power cost with Rs137bn annual savings for consumers – Pakistan
The federal cabinet on Tuesday approved the power division’s recommendation to revise the negotiated settlement agreements with 14 independent power producers (IPPs) aimed at reducing electricity costs and saving Rs1.4 trillion for the national exchequer. In October, the government prematurely terminated power purchase agreements with five of the oldest IPPs with the move projected to […]
Tyson Fury retires from boxing again
LONDON: Former world heavyweight champion Tyson Fury said Monday he had retired from boxing just weeks after suffering a second straight defeat at the hands of Oleksandr Usyk. “I’m going to make this short and sweet,” the British fighter said in a social media post. “I’d like to announce my retirement from boxing.” “It’s been […]
English players seek NOC clarity for HBL PSL
English cricketers are seeking clarification from the England and Wales Cricket Board (ECB) about No-Objection Certificates (NOCs) after being contracted to play in the Pakistan Super League (PSL) during the draft on Monday in Lahore. Tom Kohler-Cadmore (Peshawar Zalmi), Sam Billings and Tom Curran (both Lahore Qalandars) were drafted in Monday’s event, while James Vince […]
Pakistan, Bangladesh underscore ‘enduring partnership’ for resillience against external influences – World
The militaries of Pakistan and Bangladesh stressed the need on Tuesday for the “enduring partnership” between the two countries to “remain resilient against external influences” amid a thaw in ties. The two countries were once one nation but split following a bloody civil war, which saw the territory previously referred to as ‘East Pakistan’ seceding […]
Mahira is my closest friend: Momal Sheikh
The world of showbiz may not seem like the industry to cultivate long-term friendships, but Pagal Khana actor Momal Sheikh has no doubt which A-lister is her best friend: Mahira Khan. “Mahira is my closest friend,” confided Momal during a recent appearance on Ahmad Ali Butt’s podcast. “We hang out all the time, even if […]
From solitude to masterpieces
SLOUGH, ENGLAND: Love it or loathe it, Gabriel García Márquez’s One Hundred Years of Solitude is here to stay. A muti-generational saga of Columbian trauma? Replete with cockfights, massacres, magic and an uncountable number of Aurelianos? Either you will declare your undying love for this Columbian literary masterpiece or announce you would rather walk on […]
Sheikh Hasina’s niece resigns as UK anti-corruption minister over financial ties to ousted Bangladesh PM – World
The British minister responsible for financial services and fighting corruption resigned on Tuesday after weeks of questions over her financial ties to her aunt Sheikh Hasina, ousted last year as prime minister of Bangladesh. Tulip Siddiq, 42, had repeatedly denied any wrongdoing and Prime Minister Keir Starmer said last week he had full confidence in […]
UAE signs trade agreements with Malaysia, Kenya, New Zealand to boost post-oil economy
Listen to article The United Arab Emirates signed trade agreements with Malaysia, Kenya and New Zealand on Tuesday, the final step before the deals can be ratified and implemented, as part of efforts by the Gulf state to strengthen its post-oil economy plans. Since 2021, the UAE has initiated a raft of bilateral trade, investment and cooperation […]
US remains top export destination for Pakistan, while exports to China dip
Listen to article The United States remained the top export destination for Pakistani products during the first five months of the current fiscal year, followed by China and the United Kingdom. According to data from the State Bank of Pakistan (SBP), Pakistan’s exports to the US totalled $2,512.809 million, marking an increase of 9.29% compared to $2,299.165 […]