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Bankman-Fried sentenced to 25 years for multi-billion dollar FTX fraud

 Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind’s dramatic downfall. US District Judge Lewis Kaplan handed down the sentence at a Manhattan court hearing after rejecting Bankman-Fried’s claim that […]

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Rupee steady as forex reserves rise

KARACHI: Pakistani currency on Thursday remained steady at over five-month high at Rs278.03 against the US dollar in the inter-bank market, maintaining its uptrend for the 11th successive working day amid a slight pickup in foreign exchange reserves at $8.02 billion. Besides, gold hit over six-and-a-half-month high at Rs231,000 per tola (11.66 grams) in line […]

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Schedule for Pakistan T20I tour to Ireland announced

JOIN OUR WHATSAPP CHANNEL The schedule for the Pakistan cricket team’s T20I tour to Ireland was unveiled on Thursday. The Men in Green will take on the hosts at Clontarf in Dublin on 10, 12 and 14 May 2024. The matches will begin at 3pm local time. This series serves as a preparation for the ICC […]

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Stocks soar to record high on SOEs sell-off

KARACHI: In another record-breaking rally, the Pakistan Stock Exchange (PSX) on Thursday rose nearly 600 points and shot past the 67,000-point barrier to a new record high on the back of major positive developments. The key triggers were the classification of Pakistan as a secondary emerging market in the FTSE Global Equity Indices and the […]

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The ‘Devil Comet’ to be visible during solar eclipse in April

Stargazers in April will have the opportunity to witness a rare solar eclipse and the ‘Devil’s Comet’, which only visits the inner solar system once every 71 years. While it will be closest to the Earth in June, it will be the brightest and easiest to see on April 21. The comet will be best […]

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SC endorses inquiry over judges’ letter

ISLAMABAD:   Despite facing strong reservations from some judges, the Supreme Court endorsed on Thursday a proposal for a commission led by a retired judge to inquire into the letter written by six Islamabad High Court (IHC) judges regarding alleged interference of agencies in judicial functions. Meanwhile, Chief Justice Qazi Faez Isa unequivocally conveyed to […]

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Babar Azam joins Kakul camp as Pakistan players sweat it out on day three

JOIN OUR WHATSAPP CHANNEL The Pakistani cricketers are currently engaged in a fitness camp at the Army School of Physical Training (ASPT), where they are undergoing various training routines and gym exercises. This camp, attended by 29 players, commenced on March 26 and is set to conclude on April 8. Its primary aim is to […]

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Seven elected unopposed senators from Balochistan

QUETTA:   Treasury and opposition parties in Balochistan reached consensus on Thursday on the unopposed election of seven candidates, contesting on the general seats of the Senate, and continued their further talks for the uncontested election on the women and technocrat seats. Those elected unopposed are former caretaker prime minister Anwarul Haq Kakar; Awami National […]