F1 faces a fresh challenge on return to China
SHANGHAI: Formula One returns to China for the first time since 2019 with even world champion Max Verstappen facing a new challenge at a circuit that provided his Red Bull team’s first grand prix victory 15 years ago. The weekend will host the first sprint of the season, with only one hour of free practice […]
Dharna report shrouded in mystery
ISLAMABAD: The saga surrounding the Faizabad dharna commission report remains shrouded in ambiguity, with the Attorney General for Pakistan (AGP) office denying any knowledge of its submission to the Supreme Court. Speculation abounds regarding the whereabouts of the elusive report, with conflicting accounts further complicating the matter. While some assert that the commission had indeed […]
FIA cites cipher audios during appeal hearing
ISLAMABAD: The lawyer representing the Federal Investigation Agency (FIA) on Wednesday told the Islamabad High Court (IHC) that in some leaked audios, former prime minister Imran Khan could be heard discussing his plan to use a classified diplomatic telegram to get political mileage. FIA prosecutor Hamid Ali Shah resumed his arguments before an IHC division […]
Global financial giants back Pakistan’s economic reforms
WASHINGTON: Leading global financial organisations like the World Bank (WB), Asian Development Bank (ADB), and International Finance Corporation (IFC) have pledged their support for Pakistan’s economic stabilisation efforts through structural reforms, digital transformation, and privatisation. During sideline meetings at the International Monetary Fund (IMF) and World Bank-2024 Spring Meetings in Washington DC, Federal Minister for […]
IMF wants a more powerful FBR
The International Monetary Fund (IMF) has proposed giving the Federal Board of Revenue (FBR) the authority to collect provincial taxes as part of a new loan programme for Pakistan. The proposal aims at bringing transparency to provincial expenditures and enhancing provincial tax collection capabilities. According to sources within the Ministry of Finance, the IMF […]
World number one Scheffler sets sights on RBC Heritage
MIAMI: Scottie Scheffler took a little time out to celebrate winning his second Masters title on Sunday, but the world number one American is ready to buckle down again at the RBC Heritage in South Carolina.Scheffler, famously undemonstrative on the course, flew home from Augusta National, checked in on his pregnant wife Meredith, and wore […]
Audit finds massive irregularities in BRT
PESHAWAR: TransPeshawar or the city’s bus rapid transport (BRT) system is suffering from continuous losses because of the lack of increase in its fares and rise in other financial expenses after the fuel price hike, it emerged on Wednesday. According to the audit report 2022-23, the subsidy given by the Khyber-Pakhtunkhwa government to the BRT […]
SMEs to get affordable credit facilities
ISLAMABAD: The government has drawn up a plan to provide affordable credit facilities to small and medium-sized businesses, which are considered a vital part of the economy and provide a large number of job opportunities. The matter was taken up in a recent meeting of the cabinet while discussing the acceptance of resignation submitted by […]