In May, consumer inflation rose to 13.8 per cent from 13.4pc in April. Meanwhile, the rupee which sank to an all-time low of 202 to a US dollar on May 26 gradually rose afterwards. It closed at 197.59 per dollar in the interbank market on June 2, recovering 2.2pc of its lost value. The headline inflation at 13.8pc shows the …

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has asked the government to apply equal gas rates to all consumers irrespective of categories and sectors to ensure recovery of true cost of gas without any discrimination and end gas sector circular debt. The rates for consumers in lower usage categories of domestic and special commercial sectors, like tandoor, would, according …

The US dollar appreciated by more than Rs2 in the interbank market on Monday to cross the Rs200 mark, with analysts forecasting that the rupee would continue to fall as outflows for oil payments and other imports persist while matters with the International Monetary Fund (IMF) are yet to be finalised. According to the Forex Association of Pakistan (FAP), the …

BANGKOK: Fifty-nine Rohingya people have been discovered on a Thai island, saying they were abandoned by traffickers en route to Malaysia, a senior police officer said on Sunday. The group — among them five children — were found on Koh Dong island in the southern Satun province on Saturday, said lieutenant general Surachet Hakpan. Each year, thousands of the mostly …

BEIRUT: The US-backed Syrian Democratic Forces would coordinate with Syrian government troops to fend off any Turkish invasion of the north, the SDF commander said on Sunday, adding Damascus should use its air defence systems against Turkish planes. Ankara has vowed a new offensive on swathes of northern Syria controlled by the SDF, a Kurdish-led alliance that is spearheaded by …

BEIRUT: Lebanon war­ned Israel on Sunday against any “aggressive action” in disputed waters where both states hope to develop offshore energy, after a ship arrived off the coast to produce gas for Israel. President Michel Aoun said any activity in the disputed area would amount to an act of aggression and a provocation, after the arrival of the natural gas …

WASHINGTON: Mass shootings in Philadelphia and Chattanooga, Tennessee, left at least six people dead and over 25 others wounded, police said on Sunday in the latest cases of gun violence after recent massacres in Texas, New York and Oklahoma. Multiple shooters opened fire in Philadelphia’s busy South Street, an area with many bars and restaurants, around midnight on Saturday. Two …

KYIV: Russia struck Ukraine’s capital Kyiv with missiles early on Sunday for the first time in more than a month, while Ukrainian officials said a counter-attack on the main battlefield in the east had retaken half of the city of Sievierodonetsk. Dark smoke could be seen from many miles away after the attack on two outlying districts of Kyiv. Ukraine …

ABUJA: At least 50 people were killed and others injured after gunmen attacked a Catholic church in Nigeria’s Ondo state during mass on Sunday, a doctor and local media reported. A doctor at a hospital in Owo, a town in the state in Nigeria’s southwest, said that no fewer than 50 bodies had been moved to the FMC (Federal Medical …

WASHINGTON: US Commerce Secretary Gina Raimondo said on Sunday that President Joe Biden has asked his team to look at the option of lifting some tariffs on China that were put into place by former President Donald Trump, to combat the current high inflation. “We are looking at it. In fact, the president has asked us on his team to …