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Daily Archives: April 4, 2024

Nearly 10 million devices worldwide fell victim to data theft in 2023, claims report


April 4, 2024

ISLAMABAD: Kaspersky Digital Footprint Intelligence has claimed that nearly 10 million devices fell victim to data-stealing worldwide in 2023. According to Kaspersky’s data, 443,000 websites worldwide have experienced compromised credentials in the past five years. The .com domain leads to compromised accounts; nearly 326 million logins and passwords for websites on this domain were compromised in 2023. While the compromised …

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Russia steps up attack on IOC chief Bach


April 4, 2024

MOSCOW: Russian Foreign Ministry spokeswoman Maria Zakharova accused International Olympic Committee (IOC) President Thomas Bach on Wednesday of discrediting international sport and contradicting the principles of the Olympic movement. At her weekly briefing, Zakharova also repeated her call for an inquiry into Bach’s actions. Bach was tricked into holding a conversation with Russian pranksters, published on Tuesday, in which he …

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Pakistan Football Federation NC finally announces results of elections in 75 districts


April 4, 2024

KARACHI: Twelve days after the voting period closed, the Pakistan Football Federa­tion Normalisation Committee finally announced the much-awaited preliminary results of elections in 75 districts across the country on Wednesday, taking a second major step after the completion of club registration and scrutiny towards having an elected PFF. The final list of elected officials, the PFF NC said, will be …

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Inter­national Boxing Associ­ation may appeal after CAS upholds IOC decision to withdraw recognition


April 4, 2024

LAUSANNE: The Inter­national Boxing Associ­ation (IBA) said on Wednes­day it is analysing a decision by global sport’s top court to dismiss its appeal against the withdrawal of its Olympic recognition and it may take the case to the Swiss Federal Tribunal. The International Olym­pic Committee (IOC) decided in June to strip the IBA of recognition over its failure to complete …

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Bracewell named New Zealand captain for Pakistan tour


April 4, 2024

WELLINGTON: Michael Bracewell will captain New Zealand for the first time on their Twenty20 tour of Pakistan this month, with a host of top names missing because they are playing in the Indian Premier League. Pakistan host New Zealand for five Twenty20 internationals, starting in Rawalpindi on April 18, as both teams warm up for June’s T20 World Cup in …

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Wheat imports bring down flour prices


April 4, 2024

KARACHI: Huge wheat imports by the private sector have continued to bring down the prices of various flour varieties, but many retailers are not passing on the relief to consumers. Millers have lowered the rate of flour no. 2.5 to Rs106 per kg from Rs124 in February. The price of 10kg wheat flour bag has been slashed to Rs1,070 from …

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Local firms withdraw bid for Shell Pakistan


April 4, 2024

ISLAMABAD: Local investors have stepped back from their plans to acquire a stake in Shell Pakistan Ltd, following the announcement of a finalised deal between the company’s parent entity and a Saudi Arabian group. Pakistan Refinery Ltd (PRL) and Air Link Communication Ltd, two of the interested local investors, officially communicated their withdrawal to the Pakistan Stock Exchange (PSX) on …

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PM Shehbaz invites French companies to invest in Pakistan


April 4, 2024

ISLAMABAD: Prime Minis­ter Shehbaz Sharif on Wednesday stressed the need for working together to enhance cooperation between Pakistan and France in areas of trade and investment and invited French companies to invest in Pakistan. The prime minister made these remarks during a meeting with Ambassador of France in Islamabad Nicolas Galey, who paid a courtesy call on him. PM Shehbaz …

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Energy sector circular debt surges to Rs5.5tr


April 4, 2024

ISLAMABAD: Despite massive repetitive price shocks to consumers and countrywide drive against theft and billing defaults, the World Bank has found power and gas circular debts increasing by an average of Rs135 billion to Rs5.5 trillion (about 5.1pc of GDP) by end-January this year and wants the government to do more to recover true cost of supply. “The government has …

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Bullish momentum continues at PSX as KSE-100 reaches another record high


April 4, 2024

Bulls continued their stampede on Thursday at the Pakistan Stock Exchange (PSX) as shares gained 660 points to close at another record high. On Wednesday, the KSE-100 index had soared 800 points to a new all-time high closing above 67,5000 amid revival of hopes for a cut in the interest rate following a sharp deceleration in inflation and significant progress …

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