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Daily Archives: February 7, 2024

Plans to ship human ashes, drink container to Moon spark legal debate


February 7, 2024

An array of unconventional, privately funded plans to exploit the moon, including as a site for human ashes and sports-drink containers, has gathered steam in recent years as NASA pushes to make Earth’s natural satellite more accessible. Concerns about possible gaps in U.S. oversight and legal questions about proper use of the moon have rocketed to the forefront. Landers built …

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Snap misses revenue estimate, shares plunge 30%


February 7, 2024

Snap (SNAP.N), opens new tab missed Wall Street estimates for quarterly revenue on Tuesday, as the Snapchat owner continued to struggle to compete against larger rivals for digital advertising revenue, sending its shares down 30%. Though its features are often copied by competitors, investors have long questioned Snap’s ability to hold its own against tech giants like Facebook owner Meta …

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Jordan knock South Korea out to reach first Asian Cup final


February 7, 2024

DOHA: Jordan upset South Korea 2-0 in their Asian Cup semi-final on Tuesday at the Ahmed bin Ali Stadium where Yazan Al-Naimat and Musa Al-Taamari scored second-half goals to guide the Middle Eastern country into the final for the first time. After a goalless first half, Jordan found the breakthrough in the 53rd minute when Al-Taamari intercepted a poor back …

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Australia make short work of woeful WI to sweep ODI series


February 7, 2024

CANBERRA: Australia needed just 6.5 overs to thrash a woeful West Indies by eight wickets in an embarrassing end to their One-day International series in Canberra on Tuesday, with Jake Fraser-McGurk slamming 41 off 18 balls. The hosts won the first game in Melbourne by eight wickets and the second in Sydney by 83 runs to clinch the series, with the West Indies playing …

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Tariq Bugti nominated as PHF president: PSB


February 7, 2024

ISLAMABAD: Caretaker Prime Mini­ster Anwaar-ul-Haq Kakar has nominated Tariq Bugti as president of the Pakistan Hockey Federation (PHF), the Pakistan Sports Board confirmed on Tuesday. “Upon acceptance of the resignation tendered by retired Brig Mohammad Khalid Sajjad Khokhar from the post of President, Pakistan Hockey Federation and in pursuance of powers conferred under Article 15 of the Constitution of Pakistan Hockey Federation, …

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Caretakers defy ECP directive, okay PIA restructuring


February 7, 2024

ISLAMABAD: A day after the Election Commission of Pakistan (ECP) barred the caretakers from taking any step vis-à-vis Pakistan International Airlines (PIA), including its privatisation, the federal cabinet on Tuesday approved a plan for restructuring of the national flag carrier. The decision was taken at a meeting presided over by caretaker Prime Minister Anwaarul Haq Kakar.     The ECP …

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Ogra seeks to raise gas prices again to meet IMF condition


February 7, 2024

ISLAMABAD: In order to meet the IMF’s mid-February deadline, the Oil and Gas Regula­tory Authority (Ogra) made significant concessions to the gas utilities — SNGPL and SSGC — to extract another Rs100 billion from consumers over the next four months through an increase of 9 to 35 per cent in tariffs. The decision comes as part of the government’s commitment …

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Exports of services shrink in December


February 7, 2024

ISLAMABAD: Services’ exports in December 2023 contracted year-on-year for the second consecutive month during the current fiscal year, according to data compiled by the Pakistan Bureau of Statistics. The services exports shrank 6.93 per cent to $726.94 million in December from $781.09m in the corresponding month last year. Contrary to this, merchandise exports reversed the trend and increased in January, …

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Iranian onion brings no price relief


February 7, 2024

KARACHI: The arrival of the Iranian onion has brought no relief rather it adds salt to the wounds of consumers as it is selling in the range of Rs200-240 per kg despite its poor taste and quality. Dealers said consumers usually avoid Iranian onion as it cannot compete with the quality of locally produced onion in making various dishes. Surprisingly, …

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