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What has gone wrong for Saudi-backed Newcastle?

MANCHESTER: Newcastle enjoyed a meteoric rise during the first 18 months of their new era under the control of the Saudi sovereign wealth fund but the Magpies’ progress has stalled this season. Eddie Howe’s men are languishing in 10th place in the Premier League with 10 games to go and any hope of the club’s […]

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US President Biden wishes incumbent govt well in letter to PM Shehbaz

US President Joe Biden has wished Pakistan and its newly elected government well in a letter to Prime Minister Shehbaz Sharif – the first official correspondence by a head of state in years.  In his letter, Biden stated that the partnership between the people of the two countries is critical to ensuring the security of […]

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Apple’s new iPad Pro likely to launch in May, ramps up overseas production

Apple’s overseas suppliers have increased production of the company’s new iPad models and plans to launch them in early May, Bloomberg News reported, on Thursday citing people with knowledge of the matter. Apple’s initial plan was to launch the new iPads by late March or early April, but it is still working to finish the software for […]

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Govt plans to accelerate minerals mining

ISLAMABAD: The government has planned to set up a new dedicated Mines and Minerals Division as part of efforts to accelerate mining activities to give a big push to Pakistan’s economy. This is in line with the attempts made in the previous tenure of Pakistan Democratic Movement (PDM) government, which strived to establish the Mines […]

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Finance minister to visit US on April 14 for talks with IMF

KARACHI: Finance Minister Muhammad Aurangzeb will visit Washington on April 14 and 15 for meetings with officials of the World Bank and the International Monetary Fund (IMF).  The finance minister, speaking at a ceremony at the Karachi Stock Exchange, said the country needs a new IMF programme that should last for at least three years.  Aurangzeb stressed […]

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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 […]