Another top performance from Usama Mir and a comfortable half-century from youngster Yasir Khan grabbed victory for Multan Sultans against Peshawar Zalmi in the qualifier round of the Pakistan Super League (PSL) 9. Zalmi won the toss and elected to bat first in the game played at National Stadium Karachi on Thursday. The ninth edition of the tournament saw last …

ISLAMABAD: In an attempt to stabilise the nation’s faltering economy, the newly elected government has embarked on crafting a detailed five-year strategy aimed at rejuvenating key economic sectors. In this regard, Prime Minister Shehbaz Sharif chaired a high-level meeting on Thursday, laying down a comprehensive roadmap for the country’s economic resurgence over the next half-decade. This strategic blueprint will focus on critical …

KARACHI: The formation of a new government and positive signals from the International Monetary Fund have brought down the dollar to a five-month low against the rupee, reflecting a growing confidence in the stability of the exchange rate. For the last three months the exchange rate remained stable at close to Rs 280 in the interbank market. In fact, the …

ISLAMABAD: The Sui Southern Gas Company Ltd (SSGCL) on Thursday accused ‘front men’ of Liquefied Petroleum Gas (LPG) market operators of making complaints before the government institutions to block state-owned entities’ retail business for creating shortages and black marketing the product for personal gains. “Most of the complainants are self-proclaimed stakeholders and they themselves do not have any stakes in …

ISLAMABAD: Iranian Ambassador Dr Reza Amiri Moghadam said on Thursday that a Free Trade Agreement (FTA) is likely to be finalised in the upcoming visit of Iranian President Ebrahim Raisi to Pakistan. Addressing the business community during his visit to the Islamabad Chamber of Commerce and Industry (ICCI), the Iranian envoy said the FTA would increase mutual trade and several …

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has introduced amendments to the Com­panies (Further Issue of Shares) Regula­tions 2020, simplifying the right issuance process with single, standardised disclosure and reporting requirements applicable for all right issues regardless of the issue size. Under the new amendments, the issuers will have to solicit comments from both the Pakistan Stock Exchange …

Pakistan on Thursday registered a strong protest against the implementation of India’s controversial Citizenship Amendment Act (CAA), according to a report from state-run Radio Pakistan. On March 11, India had announced rules to implement a 2019 citizenship law that critics call anti-Muslim. The Modi government had not crafted implementation rules for the law after protests and sectarian violence broke out within weeks of the law’s enactment in December 2019. …

LONDON: As prominent figures in the Conservative party, including PM Rishi Sunak, create a narrative about London’s largely peaceful pro-Palestine protests as “a threat to democracy” or “extremist”, the British government on Thursday unveiled a new definition of extremism and banned ministers and civil servants from talking to or funding organisations deemed to fall within the new meaning. Whereas the …

NEW DELHI: Thousands of farmers rode buses and trains from across India to gather on Thursday at a rally in the capital, pressing a demand for higher guaranteed prices for their crops, as they faced down police barricades and tough security. The rally, days before general elections are expected to be called in an exercise that will see Prime Minister Narendra Modi …

LONDON: Australian computer scientist Craig Wright is not “Satoshi Nakamoto”, the pseudonym used by the creator of the cryptocurrency bitcoin when it launched in 2008, a UK court ruled on Thursday. The decision follows a nearly two-month trial in London’s High Court after Crypto Open Patent Alliance (COPA), a non-profit organisation set up to keep cryptocurrency technology free from patents, …