WASHINGTON: The global growth appears to have bottomed out but there is no rebound in sight and risks ranging from trade tensions to climate shocks makes the outlook uncertain, a top International Monetary Fund (IMF) official said on Monday. For 2020 and 2021, the IMF trimmed back its global growth forecasts, mostly due to a sharper-than-expected slowdown in India and …

ISLAMABAD: Owing to political pressure on the rising wheat and sugar prices, the government on Monday withheld an announcement to increase natural gas tariff by 5-15 per cent to avoid public criticism. According to informed sources, a second session of the Economic Coordination Committee (ECC) of the cabinet was called in the evening to consider a summary by the energy …

ISLAMABAD: Prime Minister Imran Khan on Monday expressed his displeasure over Competition Commission of Pakistan’s (CCP) unsatisfactory performance to check cartelisation of flour millers. The prime minister further directed the Finance Division to review CCP’s performance against prescribed benchmarks. The direction came from the premier at a time when the CCP has already imposed a penalty of Rs75 million on …

PORT ELIZABETH: England captain Joe Root on Monday hailed a complete performance by his team after they beat South Africa by an innings and 53 runs on the fifth day of the third Test at St George’s Park, taking an unbeatable 2-1 lead in the four-match series. “It was a brilliant template for us moving forward as a team,” said …

LAHORE: With one month to go before Pakistan Super League (PSL) returns to Pakistani grounds, the PCB has announced ticket prices and purchase details. For the first time in its young history, all 34 matches of the PSL will be played across four Pakistan venues with Karachi to stage nine matches, Lahore 14 matches, Multan three matches and Rawalpindi eight …

MELBOURNE: World number one Rafael Nadal will launch his campaign to equal Roger Federer´s record of 20 Grand Slam titles when he plays Hugo Dellien at the rain-hit Australian Open on Tuesday. Only one of the snarling Spaniard´s 19 Major wins have come in Melbourne, meaning Nadal can also become the first man in the Open era to win all …

Arsenal midfielder Mesut Ozil on Monday shared a Pakistani couple’s wedding video, where the newlyweds proudly held the club’s banner. The video shows the couple flanked by their friends and family and proudly displaying the banner with Arsenal logos and “the Gunners” written above. The couple and co also made an “M” sign with their hands which is Ozil’s signature …

MELBOURNE: Everyone had the same question when the Australian Open draw was revealed: What were the odds that Coco Gauff and Venus Williams would face each other again in the first round at a Grand Slam tournament? “I was a bit shocked,” Gauff said, “I’m sure everyone was a bit shocked.” Gauff, 15, played Venus, 39, to begin her first …

GILGIT: The world snow day 2020 was celebrated here at the Naltar valley of Gilgit, Baltistan on Sunday which was aimed at promoting winter tourism potential in the region. The event was jointly organized by Pakistan Airforce (PAF) and Ski Federation of Pakistan. Both male and female skiers participated in the event held at Naltar ski slopes. Children also took …

DHAKA: Head coach Russell Domingo said Bangladesh would perform well in Pakistan despite security concerns overshadowing the tour starting later this month, with several players and coaching staff refusing to make the trip. Bangladesh will tour Pakistan for three Twenty20 Internationals, a One-day International and two Tests spread across three visits. International cricket has gradually returned to Pakistan in the …