Indian cricket star Virat Kohli was fined on Tuesday for the second time in this Indian Premier League (IPL) season after a post-match altercation with former national team-mate Gautam Gambhir. Both were docked their entire match fee, the Indian Premier League said, while Naveenul Haq was fined 50 per cent of his for breaching the league’s code of conduct. Kohli …

ISLAMABAD: Pakistan’s exports to nine regional countries dipped 28.28 per cent in the first nine months of FY23 mainly driven by a drop in shipments to China, data compiled by the State Bank of Pakistan showed. The decline is not confined to exports but imports especially from China also saw a deep decline during the current fiscal year. As part …

KARACHI: Bankers and currency dealers have anticipated over $2.5 billion in remittances in April like the preceding month which helped the country to record a current account (C/A) surplus. At the same time, they believe the country could post a C/A surplus for the second month in a row which would reduce pressure on the dwindling foreign exchange reserves held …

Asian Development Bank (ADB) President Masatsugu Asakawa on Tuesday said the bank will maintain its support for Pakistan in the ongoing year, focusing on critical economic and structural reforms through a policy based lending programme. The pledge was announced by the top ADB official during a news conference held at the start of the 56th annual meeting of the ADB …

KARACHI: Notwithstanding the nearly flat economic growth expected for 2022-23 amid record-high inflation, after-tax income reported by the representative firms of the country’s corporate sector remained at Rs877.6 billion in the first nine months of the current fiscal year, up 8.8 per cent from a year ago. According to data compiled by Arif Habib Ltd, combined earnings rose 12.7pc year-on-year …

The benchmark index at the Pakistan Stock Exchange (PSX) continued its positive momentum from last week as two index heavyweights — Habib Bank Ltd and Lucky Cement — announced stock buybacks on Tuesday. The KSE-100 index was up 397 points, or 0.96 per cent, to reach 41,978 points at 2:22pm. Salman Naqvi, head of research at Aba Ali Habib Securities, …

WASHINGTON: More than 20,000 Russian troops have died and another 80,000 were wounded in five months of fighting in eastern Ukraine, particularly in Bakhmut, a White House official said on Monday. “We estimate that Russia has suffered more than 100,000 casualties, including over 20,000 killed in action,” National Security Council spokesman John Kirby told reporters. “Russia’s attempt at an offensive …

PARIS: Scientists said on Monday they have found a way to use brain scans and artificial intelligence modelling to transcribe “the gist” of what people are thinking, in what was described as a step towards mind reading. While the main goal of the language decoder is to help people who have lost the ability to communicate, the US scientists acknowledged …

TOKYO: Chinese billionaire Jack Ma on Monday took up a visiting professor position at a Japanese university, another new academic role for the founder of tech giant Alibaba. Tokyo College, part of the prestigious University of Tokyo, said Ma would “share his rich experience and pioneering knowledge on entrepreneurship, corporate management and innovation” in seminars for students and staff. The …

WASHINGTON: A US government panel renewed calls on Monday to blacklist India over religious freedom and remove the waivers that allow Pakistan to evade consequences of such a designation. The US Commission on International Religious Freedom, a bipartisan panel with a congressional mandate, designated 15 nations as countries of particular concern (CPC) in its 2023 report. Besides India and Pakistan, the …