PRA collects Rs54.8b in first two months
. LAHORE: The Punjab Revenue Authority (PRA) has collected Rs54.8 billion in the first two months of the current fiscal year, its highest-ever collection for the July-August period, marking an increase of Rs11.5 billion over the Rs43.3 billion gathered during the same months last year, according to a statement issued on Wednesday. The improved performance […]
Govt raises Rs680b via T-bills
The government raised Rs680 billion through the auction of Market Treasury Bills on Wednesday, falling short of the Rs800 billion target even as banks and investors submitted bids worth Rs2.77 trillion. The State Bank of Pakistan (SBP) accepted papers across four tenors at a weighted average yield of 11.60%. Demand was heavily skewed towards shorter […]
Roosevelt counsel opposes petition
ISLAMABAD: The legal counsel of Roosevelt Hotel has informed Pakistan’s government that chances of success in filing a petition against the arbitration award are 1%, which is forcing Islamabad to look for an amicable settlement. The counsel has delineated three options, which include accepting the arbitration award, which will cost $11 million and entail additional […]
Mamdani imposes one-year ban on AI for most NYC students
New York City restricts AI use in public schools, citing the need for teachers, peers and human connection New York City Mayor Zohran Mamdani. Photo: Reuters/ File New York City officials announced a one-year moratorium on students using artificial intelligence in public elementary and middle schools, the latest step by public officials to set guidelines […]
Netherlands moves 86 tonnes of gold from North America to London amid global uncertainty
Gold held in New York and Ottawa was transferred to London between March and August as part of crisis preparedness Netherlands moves 86 tonnes of gold from North America to London amid global uncertainty The Dutch central bank has moved 86 metric tonnes of gold reserves from North America to London as part of what […]
PM vows no leniency for officials held responsible for PIMS fire
Directs health minister, secretary to oversee PIMS improvements and ensure safety measures after fire Prime Minister Shehbaz Sharif chairs a meeting on the PIMS fire incident in Islamabad on Wednesday. SCREENGRAB Prime Minister Shehbaz Sharif on Wednesday once again ordered strict action against officials found guilty of criminal negligence in the Pakistan Institute of Medical […]
George Clooney says US run by ‘least qualified people’
Actor says the country will pull through this ‘unfortunate’ chapter of American history Veteran film star George Clooney said on Wednesday the United States would surmount an “unfortunate” time in its history under the Trump administration, calling it a government run by the “least qualified people”. Clooney spoke to the media on the opening day […]
Pakistan cricket turns into a circus
Babar Azam addresses his team’s huddle ahead of the second day of the Lord’s Test match. Photo: AFP Pakistan cricket has entered one of the most embarrassing phases in its history, with the ongoing 2026 England Test series exposing not only the team’s weaknesses on the field but also alarming instability in the boardroom. The […]
Cricketers to get best rooms at Asian Games
TOKYO: Cricketers at this month’s Asian Games in Japan will have better accommodation than athletes from many other sports, the head of Japanese cricket said Wednesday, after concerns were raised about a lack of five-star hotels for players. A Sri Lankan official said this week that some of Asia’s top teams had raised doubts over […]
KSE-100 sheds 1,250 points amid fresh US-Iran escalation
Selling concentrated across automobiles, cement, commercial banks, exploration companies, power generation Shares of 345 companies were traded. At the end of the day, 75 stocks closed higher, 254 declined and 16 remained unchanged. PHOTO: FILE KARACHI: Pakistan’s stock market came under fresh selling pressure on Wednesday as renewed US-Iran strikes sent oil prices higher and […]