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Daily Archives: February 14, 2024

Osaka beats Garcia in Doha to avenge Australian Open loss


February 14, 2024

DOHA: Naomi Osaka put last week’s first round defeat in Abu Dhabi behind her with a straight sets defeat of 15th seed Caroline Garcia here at the Qatar Open on Monday. This was former world number one Osaka’s second win from the five matches she has played since returning last month after a 15-month time out on maternity leave from the tour. …

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Kuldeep says fit-again Jadeja available for third England Test


February 14, 2024

RAJKOT: India’s Ravindra Jadeja is making steady progress in training after a hamstring injury and the experienced all-rounder would be available for this week’s third Test against England in Rajkot, spinner Kuldeep Yadav said on Tuesday. The 35-year-old Jadeja sustained the problem on the fourth day of the first Test in Hyderabad which England won and missed the second of …

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Tennis fraternity in mourning as Zainab, 18, passes away


February 14, 2024

ISLAMABAD: Pakistan’s tennis fraternity was in mourning on Tuesday after budding youngster Zainab Ali Naqvi, who was competing in the ongoing ITF Junior Tennis Championship, passed away because of suspected heart failure at the age of just 18. Zainab, who had arrived in Islamabad from Karachi to participate in the ITF event, passed away on Monday night and matches slated …

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Infrastructure, development get Rs190bn


February 14, 2024

ISLAMABAD The utilisation of funds for development schemes of the former parliamentarians appeared to taper off on the eve of elections yet remained the second-largest expenditure portfolio in the Rs190 billion overall disbursements for a struggling Public Sector Development Programme (PSDP) in the first seven months of 2023-24. The latest data on development expenditure released by the Planning Commission, special …

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Auto sales surge 81pc in January


February 14, 2024

KARACHI: Despite unprecedented interest rates, unbearable auto financing, higher prices and political and economic instability, the combined sales of cars, jeeps, vans and pickups surged 81 per cent to 10,536 in January from 5,816 in December 2023. However, the sales in the above segment remained 5pc lower compared to 11,124 units during January 2023. According to the Pakistan Automotive Manufacturers …

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Equities regain 161 points in volatile trading


February 14, 2024

KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday snapped the post-election losing streak in a volatile session a result the benchmark KSE 100-share index managed to close in the green. Topline Securities Ltd said the benchmark KSE-100 index swung in both directions as investors were still not clear who would form a new government as a result the the index plunged by …

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Economic Coordination Committee defers plan to recover Rs100bn from gas consumers


February 14, 2024

ISLAMABAD: While approving an already allocated Rs7.5 billion subsidy package for the upcoming Ramazan, the Economic Coordination Committee (ECC) of the Cabinet could not decide how to recover Rs100bn in additional money from gas consumers in the remaining four and a half months of the current fiscal year as the commerce minister pressed for reducing cross-subsidisation burden on industry. The …

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Shares at PSX gain more than 900 points over clarity on political front


February 14, 2024

Shares at the Pakistan Stock Exchange (PSX) traded in the green on Wednesday over clarity on the political front, gaining more than 900 points. According to the PSX website, the benchmark KSE-100 index gained 1166.11 points, or 1.9 per cent, to stand at 62,393.03 at 10:43am from the previous close of 61,226.92. It finally closed at 62,153.84 points, up 926.92 or …

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Trump defiant even after backlash over Nato remarks


February 14, 2024

WASHINGTON: For­mer US president Donald Trump defended his record on Nato, saying he had made it “strong” after sparking a firestorm of criticism over comments downplaying his commitment to the alliance. Trump was rebuked from all sides after saying in a speech Saturday that he would “encourage” Russia to attack members of Nato who had not met their financial obligations, in his …

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