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Daily Archives: March 22, 2024

Travis Kelce spoils Taylor Swift with multi-million dollar mansion


March 22, 2024

Travis Kelce reportedly took a big step in order to win his lady love Taylor Swift’s heart. As reported by Marca, the NFL athlete has bought a 6-million-dollar mansion in Leawood, Kansas for Swift. Kelce’s latest move showed his desire to strengthen his relationship with the global music icon as the couple will get enough security and privacy to enjoy their …

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Verstappen to see out Red Bull contract despite off-track turmoil


March 22, 2024

MELBOURNE: Three-time world champion Max Verstappen said on Thursday he intends to see out his contract with Red Bull, insisting he was happy despite weeks of off-track turbulence. The Dutchman is signed until 2028 but suggested at the last race in Saudi Arabia he would consider leaving if Red Bull parted company with long-time mentor Helmut Marko in a power …

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Javeria Khan retires from international cricket


March 22, 2024

LAHORE: Seasoned Pakistan batter Javeria Khan announced her retirement from international cricket on Thursday, ending her 15-year career with the national women’s team. Javeria made her international debut against Sri Lanka in 2008 and went on to play 228 matches for Pakistan, amassing 4,903 runs with two centuries and 25 half-centuries to her name. She also bagged 28 international wickets. …

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No takers for Babar and Rizwan at The Hundred Draft


March 22, 2024

LONDON: There were no takers for Babar Azam and Mohammad Rizwan in the The Hundred Draft for the tournament’s 2024 edition on Thursday. Former Pakistan skipper Babar and Rizwan, who have piled records as a T20 international opening pair for the national side, couldn’t find a place among the 32 players — both international and domestic — picked by the …

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Jordan see off Pakistan with early two-goal burst


March 22, 2024

ISLAMABAD: It became a case of damage control for Pakistan just nine minutes in at the Jinnah Stadium. But having fallen two goals behind to Asian Cup finalists Jordan early on in their 2026 FIFA World Cup qualifier on Thursday, Pakistan showed determination and character to lose by just 3-0; a performance that drew praise from coach Stephen Constantine. “We’re …

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Auto financing plunges for 20th straight month


March 22, 2024

KARACHI: Auto financing continued its downward trajectory for the 20th consecutive month, dropping to Rs242.9 billion in February 2024 from Rs246bn at the end of January. Car loans were at Rs325.8bn in February 2023. According to State Bank of Pakistan (SBP) data, the total decrease over the last 20 months amounted to Rs125bn, from Rs368bn at the end of June …

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Startups face steep funding downturn


March 22, 2024

KARACHI: The total funding raised by Pakistani startups in 2023 was $75.8 million, experiencing a sharp decline of 77 per cent compared to the preceding year, according to a Pakistan Tech and VC landscape report by Data Darbar and Indus Valley Capital. Similarly, the number of deals also decreased by 41.8pc to 39pc, the lowest since 2019. Consequently, the average ticket size …

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Pakistan receives $9.53bn in foreign loans


March 22, 2024

ISLAMABAD: Pakistan authorities could materialise about $6.68 billion in foreign economic assistance (FEA) in the first eight months of the current fiscal year, almost 38pc of the annual budget target. The borrowing avenues remained limited in the wake of poor credit rating and adverse conditions in the global financial markets despite the support of the International Monetary Fund (IMF), the …

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SBP reserves cross $8bn mark, again


March 22, 2024

KARACHI: Foreign exchange reserves of the State Bank of Pakistan (SBP) increased by $105 million to reach $8 billion again. The SBP’s report on Thursday indicated that the reserves of both commercial banks and the SBP increased during the week ending March 15, showing the presence of excess dollar liquidity in the banking market, which also supports exchange rate stability. …

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Pakistan to discuss Extended Fund Facility with IMF next month, says finance minister


March 22, 2024

Finance Minister Muhammad Aurangzeb said on Friday that the matter of an Extended Fund Facility (EFF) with the International Monetary Fund (IMF) will be discussed in Washington next month as the country looks to alleviate a full-scale economic crisis. The standby $3 billion arrangement with the global lender expires on April 11, and the two sides reached a staff-level agreement regarding the …

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