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Daily Archives: February 19, 2024

The spectre of AI-driven irrelevance


February 19, 2024

REMEMBER when making a video required bul equipment, a field force of camerapersons, an army of editors, sound designers, and countless other support staff? Probably not. For most of us, it meant taking out our phone to record, downloading to make the edits and then uploading to some platform. The monopoly of content had been broken, as evidenced by the …

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India crush England by 434 runs after Jaiswal double hundred


February 19, 2024

RAJKOT: India set England a huge target and then skittled the tourists out for 122 to romp to a 434-run victory in the third Test and go 2-1 up in the five-match series on Sunday. India had been in the box seat since grabbing a handy first-innings lead of 126 and they never took their foot off the pedal at …

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Brighton push Sheffield closer to drop as Holgate sees red


February 19, 2024

SHEFFIELD: Brighton and Hove Albion pushed Sheffield United closer to relegation as the Premier League’s bottom club capitulated after Mason Holgate’s dismissal in Sunday’s 5-0 rout at Bramall Lane. Holgate was sent off early in the first half for the United defender’s ugly foul on Kaoru Mitoma. Brighton made the most of Holgate’s exit as Facundo Buonanotte and Danny Welbeck …

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Hendricks, Malan and bowlers shine as Sultans outclass Karachi Kings in Multan


February 19, 2024

MULTAN: Multan Sultans were flying high in the City of Saints while Karachi Kings found themselves in tatters. The home side cruised to a 55-run win in their HBL Pakistan Super League opener on Sunday against the Kings, whose apparent rebuilding process looked like needing more time. After being hit for a 185 runs, thanks to a century partnership between …

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Debutant Saud, Roy dazzle against Zalmi as Gladiators make flying start


February 19, 2024

LAHORE: Quetta Gladiators stunned the favoured Peshawar Zalmi, securing a 16-run win in the second match of the HBL Pakistan Super League here at the Gaddafi Stadium on Sunday. The match witnessed an electrifying display of batting prowess, primarily led by Quet­ta openers Jason Roy and Saud Shak­eel, who was also making his PSL debut. Quetta set a challenging target …

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Depressed valuations but unloved


February 19, 2024

THE benchmark KSE-100 index, after an impressive bull run of more than 20,000 points, or 46 per cent growth, between December 2023 and September 2023, has reverted to its rocky and volatile ways despite being severely undervalued. The confusion regarding whether elections will be held or not, followed by uncertainty regarding the formation of the government, has eroded investor confidence. …

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Is the rupee poised to depreciate?


February 19, 2024

BUSINESSMEN and investors want to know how long the rupee may remain stable. Many fear that the local currency might lose its worth against the mighty US dollar in the coming weeks and months. The State Bank of Pakistan (SBP) doesn’t have enough foreign exchange reserves to cover even two months of import bills for goods. This means that the …

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Echoes of the 2008 financial crisis


February 19, 2024

EVENTUALLY, the world is starting to feel the ripple effects of the US commercial real estate turmoil. The real estate market distress goes back to issues — such as reduced office demand and apartments that were overbought at their peak values — stemming from the Covid pandemic. The crisis is exacerbated by rising borrowing costs resulting from monetary tightening by …

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Pakistan’s debt profile ‘alarming’, borrowing and spending habits ‘unsustainable’: report


February 19, 2024

A report by Islamabad-based think tank Tabadlab has stated that Pakistan’s debt profile is “alarming” while the country’s borrowing and spending habits were “unsustainable”. The 68-page report, titled ‘A raging fire: Pakistan’s debt crisis’, was released on Sunday. It said that the country’s total debt and liabilities — including domestic and external debt — to be at Rs77.66 trillion, or $271.2 …

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