LAHORE: After a considerable delay of eight months, the cash-strapped Pakistan Hockey Fede­ration (PHF) on Monday finally issued the first installment of the arrears of senior and junior players and staff members. While the players and the federation’s staff had been waiting for the last eight months to get their dues, the tussle between two groups to get control of the PHF …

MILAN: Bologna cruised past Serie A’s bottom side Salernitana 3-0 on Monday to continue their charge towards a first-ever appearance in the Champions League. Stunning first-half strikes from Riccardo Orsolini and Alexis Saelemaekers and Charalampos Lykogiannis’ fine finish in stoppage time ensured that Bologna would stay in fourth place, five points above Roma who were held to a goalless draw …

CHITTAGONG: Asitha Fernando claimed 4-34 as Sri Lanka bowled out Bangladesh for 178 to take a massive 353-run lead in the first innings of the second Test in Chittagong on Monday. The tourists decided against enforcing a follow-on but were left struggling with their batting in the second innings, reaching 102-6 at stumps on the third day to extend their …

ISLAMABAD: Pakistan’s merchandise export growth in March slowed to 7.99 per cent after posting double-digit increases in the preceding three months. In absolute terms, the export reached $2.55 billion in March, up 7.99pc from $2.36bn over the corresponding month of last year, according to data released by the Pakistan Bureau of Statistics on Monday. The trade deficit widened year-on-year by …

KARACHI: Japanese companies operating in Pakistan are least interested in further investment to expand their businesses, while the country ranked lowest in the region. “Unstable security, high inflation and an unstable exchange rate are major business concerns for Japanese companies operating in Pakistan,” said an official Japanese government survey on Monday. The Japan External Trade Organisation (Jetro), the Japanese government’s …

ISLAMABAD: Expressing a need to restore confidence in the official functionaries, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has asked the government to speed up taxation reforms and privatise loss-making state-owned enterprises, especially in the energy sector. Addressing a news conference on Monday after meeting with Commerce Minister Jam Kamal, FPCCI President Atif Ikram Sheikh said that …

ISLAMABAD: As development spending continued to falter in the first eight months of the current fiscal year, successive governments kept doling out funds for the discretionary schemes of parliamentarians, according to official data. In the past eight months, parliamentarians consumed Rs38 billion out of the allocated Rs90bn in the budget for their schemes, as per the latest data on development …

KARACHI: Extending the overnight losses, the Pakistan Stock Exchange (PSX) remained under selling pressure dragging the benchmark KSE 100-share index below the 67,000 level on Monday. Ahsan Mehanti of Arif Habib Corporation said a slowdown in GDP growth to 1pc in the second quarter of the current fiscal year compared to 2.2pc in the same period last year worried investors …

WASHINGTON: A digital tool considered vital in tracking viral falsehoods, CrowdTangle will be decommissioned by Facebook owner Meta in a major election year, a move researchers fear will disrupt efforts to detect an expected firehose of political misinformation. The tech giant says CrowdTangle will be unavailable after August 14, less than three months bef­ore the US election. The Palo Alto …