KARACHI: The total profits and dividend outflows increased to $1.6 billion during the 11 months of the current fiscal year (11MFY22), reflecting that foreign investment in Pakistan yields good profits despite political and economic uncertainties. The latest data issued by the State Bank of Pakistan (SBP) on Monday shows the high economic growth of about 5.87 per cent in FY22 …

ISLAMABAD: In a bid to produce cheap electricity to provide relief to domestic consumers and industries, Prime Minister Shehbaz Sharif on Monday directed the authorities concerned to import coal from Afghanistan. Presiding over a meeting, the prime minister approved the import of high-quality coal from Afghanistan in rupees instead of dollars to save the country’s precious foreign exchange. “This will …

ISLAMABAD: While finalising an unprecedented Rs7.90 per unit additional fuel cost adjustment (FCA) for distribution companies (Discos) for next month, the National Electric Power Regulatory Authority (Nepra) noted on Monday that Pakistan was left with no choice but to face loadshedding or generate electricity using expensive fuel oil. At a public hearing on a petition for a Rs7.96 per unit …

Iran and the United States plan to resume indirect talks this week in Qatar, in a fresh bid to revive the landmark 2015 nuclear deal, both sides said Monday. The talks will be separate from broader EU-mediated negotiations in Vienna between Iran and major powers, the bloc’s top diplomat Josep Borrell said Saturday in Tehran. The nuclear deal has been …

Delhi police on Monday arrested the Muslim co-founder of a fact-checking website after accusing him of insulting religious beliefs on Twitter, a network of digital media organisations said, condemning it as an attempt to harass him for his journalism. Mohammed Zubair, who co-founded Alt News and regularly tweets on the rising marginalisation of the Muslims in the country, was arrested under two …

LOD: An exceptionally well-preserved Roman floor mosaic, showing a rich variety of fish, animals, birds and ships, has returned to the site where it was first found in a Tel Aviv suburb after a decade-long tour of some of the world’s top museums. The 1,700 year-old mosaic, from the late Roman period, was discovered in 1996 during highway construction work, …

SCHLOSS ELMAU: The Group of Seven club of wealthy nations on Monday vowed to stand by Ukraine “for as long as it takes”, promising to tighten the squeeze on Russia’s finances with new sanctions that include a proposal to cap the price of Russian oil. The announcement came after Ukraine’s President Volodymyr Zelensky, addressing G7 leaders at their summit in …

LISBON: A long-delayed conference on how to restore the faltering health of global oceans kicked off in Lisbon on Monday, with the head of the UN saying the world’s seas are in crisis. “Today we face what I would call an ocean emergency,” UN Secretary General Antonio Guterres told thousands of policymakers, experts and advocates at the opening plenary, describing …

WASHINGTON: Conservative judges of the US Supreme Court acted again on Monday, this time reinterpreting a constitutional amendment that prevents government officials from publicly displaying their faith at the workplace. At issue was whether a public-school employee praying alone but in view of students was a violation of the First Amendment of the US Constitution, which forbids a government and …

KYIV: A Russian missile strike on a crowded mall in the central Ukrainian city of Kremenchuk killed at least 10 people and injured more than 40 on Monday, a regional governor said. “Ten dead and more than 40 people have been injured. This is currently the situation in Kremenchuk due to the missile strike,” said Dmytro Lunin, the governor of …