Stocks on the Pakistan Stock Exchange plunged once again on Monday, an almost identical trajectory to the one witnessed on the previous trading day (Thursday), as rising Covid-19 cases in the country and around the world rattled investor sentiment, pushing the benchmark index down approximately 1,000 points within an hour of the opening bell. The KSE-100 index was down 963.74 …

The use of social media is growing at an exponential rate globally and Pakistan is no exception. In fact, in Pakistan, the requirements for social media usage are near perfect. About 65 per cent of our population is under 35 years and 50pc is under 22 years. This means a tech-savvy, app-driven youth cohort, whose principal medium of dealing with …

The economy is in one of the most critical phases. Confronted with a public health challenge caused by a global pandemic, the country has just had a fiscal year with economic contraction. The current fiscal year remains under a cloud. Global economic conditions are still precarious. Hence, there are doubts about inflows from external sources, such as exports, remittances and …

ISLAMABAD: The Auditor General of Pakistan (AGP) has pinpointed more than Rs1.543 trillion worth of malfeasance and mismanagement of public funds by public sector entities, including the Petroleum Division and its subordinate oil and gas companies, during the fiscal year 2018-19. In an audit report, the AGP noted with serious concern the management weaknesses in the Ministry of Energy — …

Mobile application TAG has become the latest fintech startup to get approval from the State Bank of Pakistan (SBP) to operate as an Electronic Money Institution (EMI) in Pakistan, a press release issued by the company said on Monday. According to the company, TAG is a ‘super app’ which would allow its users to “open mobile wallets and get debit cards”. Users …

IMOLA: Lewis Hamilton took a record-extending 93rd career win at the Emilia Romagna Grand Prix on Sunday as his Mercedes team clinched an unprecedented seventh successive Formula One constructors’ title with four races to spare. They did it in one-two formation, the six-time world champion taking the chequered flag at Italy’s Imola circuit 5.783 seconds ahead of team-mate Valtteri Bottas, …

LONDON: Newcastle United striker Callum Wilson struck twice to seal a 2-1 win that stopped Everton returning to the top of the Premier League on Sunday. Carlo Ancelotti’s side would have gone back above leaders Liverpool on goal difference with a win at St James’ Park. But, with James Rodriguez and Richarlison missing from the Everton team, they succumbed to …

KARACHI: Maria Khan went from goalkeeper in the United States to midfielder in the United Arab Emirates and now wants to help women’s football in Pakistan in any capacity she can. Her journey to the national women’s team camp currently underway in Lahore has seen her dispel the notion that most of the diaspora players gain an easy entry into …

KARACHI: Former Pakistan captain Sarfaraz Ahmed made a timely return to form with a much-needed century as Sindh made excellent progress against Khyber Pakhtunkhwa in their second-round Quaid-e-Azam Trophy encounter at the UBL Sports Complex here on Sunday. Currently out of the national side, the 33-year-old considerably boosted his prospects of making the Pakistan squad for the tour of New …

RAWALPINDI: Zim­ba­bwe Cricket chairman Tavengwa Mukuhlani has urged the international cricket bodies to appreciate Pakistan’s efforts for restoring international cricket. “The world must understand that Pakistan has done everything possible within its capacity to make sure that international cricket comes back to the country,” Mukulani said at a news conference along with Pakistan Cricket Board (PCB) chairman Ehsan Mani at …