LAHORE: The Pakistan Cricket Board on Thursday provisionally suspended Zeeshan Malik of Northern Cricket Association under Article 4.7.1 of the PCB Anti-Corruption Code, which means he cannot take part in any cricket-related activity pending the investigation being carried out by PCB’s Anti-Corruption Unit. It was immediately unclear where and when the offence took place. Former Pakistan under-19 batter Zeeshan was …

KARACHI: The foreign exchange reserves of the State Bank of Pakistan fell further by $31 million to $19.138 billion during the week ended on Oct 8, the central bank announced on Thursday. The overall reserves of the country were $25.969bn while the holdings of the commercial banks were $$6.831bn during the week.

KARACHI: Bulls dominated the Pakistan Stock Exchange (PSX) on Thursday as the benchmark KSE-100 index staged a spectacular rally of 1,111.90 points or 2.57 per cent to close at 44,333.68 points. According to Topline Securities, the stock market witnessed recovery as investors cheered the clarity over political noise after sideways opening. The statement by Minister for Information Chaudhry Fawad Hussain …

KARACHI: The bank deposits reached an all-time high of Rs20 trillion in FY21 creating a need for higher protection, said the Deposit Protection Corporation (DPC) which issued its first Annual Report on Thursday. The report says that the number of depositors covered under the protection offered by the corporation has increased due to healthy growth trend in bank deposits, which …

ISLAMABAD: Adviser to the PM on Commerce Abdul Razak Dawood on Thursday said that Pakistan Pavilion received 55,000 visitors in just the opening week of Dubai Expo-2020, making it one of the busiest pavilions of the mega event. The pavilion’s first look is such a magnificent facade, established by Pakistan’s reno­wned visual artist Ras­hid Rana, that 20,000 people visited it …

REDMOND: Microsoft is shutting down its LinkedIn service in China later this year after internet rules were tightened by Beijing, the latest American tech giant to lessen its ties to the country. The company said in a blog post Thursday it has faced a “significantly more challenging operating environment and greater compliance requirements in China. LinkedIn will replace its localized …

TAIPEI: An overnight fire tore through a building in the southern Taiwanese city of Kaohsiung on Thursday, killing 46 people and injuring dozens of others in the island’s deadliest blaze in decades. The fire broke out in the 13-storey, mixed-use building in the small hours of Thursday morning, according to officials, raging through multiple floors before firefighters finally got it …

RAWALPINDI: University students on Thursday gathered to demonstrate their engineering skills and participated in an eco-marathon with vehicles that they had made themselves. The event titled Shell Eco-Marathon 2021 was organised by Shell Pakistan. Students from leading Pakistani universities demonstrated performance of their self-built vehicles from two categories: ‘Prototype’ (Battery powered) or ‘Urban Concept’ (Gasoline run). The vehicles were evaluated …

BAGHDAD: Cleric Moqtada Sadr may be Iraq’s big election winner but he will still have to haggle with his opponents, linked to armed pro-Iranian groups, to forge a new government. War-scarred Iraq — an oil-rich country plagued by corruption and poverty — last Sunday held its fifth parliamentary elections since the 2003 US-led invasion toppled dictator Saddam Hussein. Sadr, a …

BEIRUT: Heavy fighting claimed at least six lives and left dozens wounded in Lebanon’s capital on Thursday as an escalation of tensions around last year’s massive portside explosion turned parts of Beirut into a warzone. The army deployed tanks and troops to quell the street battles that sparked memories of the 1975-1990 civil war for a city already traumatised by …