Silver dropped more than 4% on Tuesday and GameStop Corp sank 33% in early European deals, raising questions about how long a social media-fueled trading frenzy in stocks and other assets would last. The populist trading rally, organized in online forums such as Reddit’s WallStreetBets, has helped attract a flood of retail cash into stocks such as GameStop, burned hedge …

tea CHENNAI: England’s Jack Leach said on Monday it would be a “dream” to make his mark on India’s spin-friendly matches in his maiden tour of the South Asian giant. Joe Root’s England will begin their four-Test tour against India — which tops the world Test championship rankings — in Chennai on Friday. Leach claimed 10 wickets with his left-arm …

RAWALPINDI: Pakistan head coach Misbah-ul-Haq doesn’t want his team to get complacent ahead of this week’s second Test match against South Africa. The home side fought back from a precarious 27-4 in their first innings at the National Stadium, Karachi to beat the Proteas by seven wickets and take a 1-0 lead the two-match series. The second Test starts at …

Increasing the number of referrals would not decrease the authority of the umpire, but taking out the ridiculous “Umpire’s call’’ perhaps would. On the other hand, it would make the game infinitely more fair and that should be the desire of lawmakers in any sport. Quite simply, a ball hitting the stumps is out and should be given out, irrespective …

KARACHI: The State Bank of Pakistan (SBP) on Monday issued a circular to banks following the government’s decision to replace life certificates with biometric verification of pensioners twice a year, with immediate effect. “Pensioner will be req­u­ir­ed to undergo biometric verification from any bra­nch of a bank maintaining his or her pension account, every year in March and September,” said …

Australia’s cricket tour of South Africa has been postponed due to the Covid-19 pandemic, Cricket Australia said in a statement on Tuesday. Australian players were scheduled to fly out this month for a three-Test series in March, but the touring side’s cricket board said it had no choice but to postpone the trip due to the South African epidemic. “It …

KARACHI: Pakistan’s total oil sales rose by 11 per cent to 11.258 million tonnes during the first seven months of FY21 owing to a massive jump in demand for furnace oil (FO), high-speed diesel (HSD) and petrol. A jump of 37pc was recorded in FO sales to 1.916m tonnes during July-January period of 2020-21 followed by 12pc and 6pc in …

ISLAMABAD: A parliamentary committee on Monday asked the government to commit a major part of savings from its drive against smuggling of petroleum products through the Iranian border worth over Rs200 billion annually to livelihood projects to avoid any unrest arising out of closure of illegal business of the people involved. A meeting of the Senate Standing Committee on Petroleum …

ISLAMABAD: Pakistan’s exports grew for the fifth consecutive month in January to $2.14 billion, up to eight per cent from $1.98bn in the corresponding month last year, data released by the Ministry of Commerce (MoC) on Monday showed. Commerce Adviser Razak Dawood in a statement said that Pakistan’s exports had maintained growth and for the first time in eight years …

AARHUS (Denmark): The year Pakistan’s internet users crossed 90 million with a broadband penetration of 42.2pc, the government led consistent efforts to regulate the online experience of consumers. According to the annual report for 2020 released by the Pakistan Telecommuni­cation Authority (PTA), the country’s digital economy has grown enormously during the pandemic as more people are using the internet. Broadband …