Rupee under pressure, hits 3-week low
KARACHI: Pakistani currency came under moderate pressure against the US dollar at the reopening of inter-bank market post-Eid holidays on Monday, hitting a three-week low above Rs278 after Finance Minister Muhammad Aurangzeb reached Washington for formal talks with the International Monetary Fund (IMF) for securing a longer and bigger loan programme. This coincided with a […]
Oil tanker association halts fuel supply to twin cities, northern areas
RAWALPINDI: The Rawalpindi Oil Tanker Association ceased on Tuesday the supply of fuel to the twin cities and upper parts of the country. The association ceased supply to Islamabad, Peshawar, Gilgit, Skardu, Rawalpindi, Islamabad and Azad Kashmir regions, claiming that their demands have not been met and supply will not resume till the authorities follow the agreement […]
Arsenal seek to silence doubters as Bayern Champions League test looms
LONDON: Arsenal are preparing for a potentially season-defining Champions League clash against Bayern Munich on Wednesday as familiar doubts simmer over whether they can handle the pressure after their damaging Premier League defeat by Aston Villa. Sunday’s 2-0 loss brought back uncomfortable memories for Mikel Arteta’s side, who led the way for most of last […]
PM Shehbaz meets Saudi FM, pitches multiple projects for investment
ISLAMABAD: A high-level delegation, led by Saudi Foreign Minister Faisal bin Farhan Al Saud, called on Prime Minister Shehbaz Sharif on Tuesday and deliberated upon various investment ventures including Pakistan International Airlines (PIA), said a statement by the Prime Minister’s Office (PMO). The Saudi delegation comprised Saudi Deputy Minister of Investments Engineer Ibrahim bin Yusuf […]
Israeli military vows response to Iran attack as calls for restraint mount
JERUSALEM: Israelis awaited word on how Prime Minister Benjamin Netanyahu would respond to Iran’s first-ever direct attack as international pressure for restraint grew amid fears of an escalation of the conflict in the Middle East. Netanyahu on Monday summoned his war cabinet for the second time in less than 24 hours to weigh a response […]
Saudi visit, IMF talks take PSX to new record
KARACHI: Pakistan Stock Exchange (PSX) on Monday managed to rise further to new record highs in an earnings season rally backed by gains in oil and banking stocks, despite volatile trading and concerns over escalating geopolitical tensions. In the morning, when trading resumed after Eid holidays, the market got off to a lacklustre start, with […]
Faizabad commission gives clean chit to Faiz Hameed, agencies
ISLAMABAD: The Faizabad sit-in commission has given a clean chit to the country’s spy agencies as well as former spymaster Lt Gen (retd) Faiz Hameed, observing that former high-ups of provincial and federal governments did not accuse the agencies or any other officials for extending facilitation to Tehreek-e-Labbaik Pakistan (TLP) protestors, it emerged on Tuesday. The […]
Hundreds of houses, plots flooded in Russia’s Kurgan region
Water levels in rivers in swathes of Russia’s Ural and southwestern Siberian regions continued to rise rapidly, officials said on Tuesday, flooding hundreds of houses, cutting off power and forcing urgent evacuations of residents. More than 300 houses and nearly 700 residential plots have been flooded in Russia’s Kurgan region straddling the Tobol River near […]