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Rupee dips to one-month low

KARACHI: Pakistani currency hit a one-month low at Rs278.47 against the US dollar in the inter-bank market on Wednesday, extending its losing streak for the third consecutive day in the wake of higher demand for the greenback. According to the State Bank of Pakistan (SBP)’s data, the rupee ticked down Rs0.08 compared to Tuesday’s close […]

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Kharlachi crossing remains shut despite truce

KARACHI:  A key border crossing between Pakistan and Afghanistan remained closed on Wednesday for a sixth consecutive day, despite the de-escalation of hostilities between the two border forces, an official said. Kharlachi crossing that connects Pakistan’s northwestern Kunnar tribal district with Afghanistan’s eastern Paktia province was shut following skirmishes between the two border forces that […]

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China urges US to stop using Taiwan as tool to contain China

BEIJING: A Chinese foreign ministry spokesperson on Tuesday urged the United States to earnestly abide by its commitments of not using Taiwan as a tool to contain China, and stop hollowing out the one-China principle. Spokesperson Wang Wenbin made the remarks at a daily press briefing in response to a query about US Secretary of […]

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Fraser-McGurk, Short added as reserves to Aus T20 WC squad

SYDNEY: Rising talent Jake Fraser-McGurk and fellow batsman Matt Short were added to Australia’s Twenty20 World Cup squad as travelling reserves Tuesday. Fraser-McGurk has been in rampant form for Delhi Capitals in the Indian Premier League while the versatile Short, who can also bowl off-spin, was a standout in Australia’s recent Big Bash League. Both […]

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Europe sets benchmark for rest of the world with landmark AI laws

BRUSSELS: Europe’s landmark rules on artificial intelligence will enter into force next month after EU countries endorsed on Tuesday a political deal reached in December, setting a potential global benchmark for a technology used in business and everyday life. The European Union’s AI Act is more comprehensive than the United States’ light-touch voluntary compliance approach while China’s […]

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Power companies seek Rs2.48 per unit increase

ISLAMABAD: Electricity consumers may need to brace for another jolt as power distribution companies have proposed a tariff increase of up to Rs2.48 per unit. The companies have requested permission from the National Electric Power Regulatory Authority (NEPRA) to collect an additional Rs3.488 per unit from consumers under the fuel charges adjustment (FCA) for April […]

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CJP orders precious gift to be deposited in Toshakhana

Chief Justice of Pakistan (CJP) Justice Qazi Faez Isa has ordered the deposit of a valuable gift in the Toshakhana, the government’s repository for gifts received by officials. The gift, a prestigious pen ‘Baab-e-Kaaba’, was presented to the chief justice by Dr Mohammad bin Abdulkarim Al-Issa, Secretary-General of the Muslim World League. Chief Justice Isa […]

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Who is Mohammad Mokhber, the man set to become Iran’s interim president?

Here are some key facts about Mohammad Mokhber, 68, Iran’s first vice president who, based on the country’s constitution, is expected to become interim president following the death of Ebrahim Raisi in a helicopter crash. * As interim president, Mokhber is part of a three-person council, along with the speaker of parliament and the head […]