Something is rotten in the state of Denmark. Karachi Kings, crowned PSL champions less than 30 months ago, are on the verge of becoming the first team to be eliminated from the competition for the second year running. The groundwork for yet another miserable campaign was laid long before the tournament began, with Karachi putting the daft in draft, and …

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that after every two weeks, he has to appear before a National Accountability Board (NAB) court in Islamabad for the crime of providing 100MW of electricity from the Nooriabad Power Plant to Karachi. Speaking at the inauguration ceremony of the 18th ‘My Karachi — Oasis of Harmony’ at the Expo …

LAHORE: White lint stock is piling up with the ginners as textile millers are wary of making the purchases because of what market players believe liquidity crunch and high markup rate besides other factors. Ginning units across the country are holding 449,315 bales on March 3, 379 per cent up against 93,833 bales on the same date last year, reveals …

KARACHI: A construction slowdown amid uncertain economic conditions reduced the demand for cement by nine per cent in February and 13.4pc in 8MFY23. In February, total cement despatches stood at 4.040 million tonnes as against 4.348m tonnes, down by 7pc. Local sales were 3.590m tonnes compared to 3.943m tonnes in February 2022. However, exports increased by 11pc to 449,940 tonnes …

prices by Rs5,000-25,000 due to rupee depreciation and costly raw materials. It is observed that assemblers act quickly in raising prices whenever the rupee loses its value against the dollar, however, they hesitate to reduce when the local currency appreciates. According to the announcement made by Atlas Honda Ltd (AHL), the new prices of Honda CD-70, CD-70 Dream, Pridor, CG125, …

Industrial and Commercial Bank of China Ltd on Friday approved a rollover of a $1.3 billion loan for cash-strapped Pakistan, which will help shore up its depleting foreign exchange reserves, Finance Minister Ishaq Dar said. The facility will be disbursed in three instalments. The first one of $500 million has been received by the State Bank of Pakistan, Dar said …

SAO PAULO: The Brazilian agriculture ministry said on Thursday that Thailand, Iran and Jordan had temporarily suspended imports of beef from Brazil while authorities investigate a case of mad-cow disease in an animal from Para state, according to a statement. The ministry also confirmed that Russia had halted imports from Para state after the discovery of a mad cow disease …

COLOMBO: Sri Lanka’s top court on Friday ordered the government to proceed with a delayed local election, overruling President Ranil Wickremesinghe, who said the country was too broke to pay for it. The Supreme Court ordered Sri Lanka’s treasury to grant funds for the polls which were originally planned for March 9, but put off indefinitely last week when the …

NEW DELHI: Indian police on Friday arrested three employees of a pharmaceutical firm whose cough syrups were linked to the deaths of 19 children in Uzbekistan, as the country looks to recover from recent setbacks to the industry. The arrests were made after tests by an Indian government laboratory found 22 drug samples of Marion Biotech, based near New Delhi, …

ISLAMABAD: The global pace of reforms towards equal treatment of women under the law has slumped to a 20-year low, constituting a potential impediment to economic growth at a critical time for the global economy, a new World Bank report shows. In 2022, the global average score on the World Bank’s Women, Business and the Law index rose just half …