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Daily Archives: April 25, 2024

Digital growth


April 25, 2024

TECHNOLOGY divides us. According to a new UNDP report on Pakistan, titled Doing Digital for Development — Access, Adopt, Anticipate, Accelerate, noticeable differences in human development can be seen between those districts that have embraced digital transformation compared to those that have lagged behind. The report, which underscores the importance of equitable and safe access to technology as an important means of …

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Democratic Republic of Congo accuses Apple of using ‘blood minerals’ from war-torn east


April 25, 2024

The government of the Democratic Republic of Congo (DRC) is accusing Apple of using “illegally exploited” minerals extracted from the country’s embattled east in its products, lawyers representing the African country said on Thursday. The DRC’s lawyers have sent Apple a formal cease and desist notice seen by AFP, effectively warning the tech giant it could face legal action if the …

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Nadal uncertain over French Open appearance


April 25, 2024

MADRID: Spain’s Rafael Nadal said on Wednesday that he is not sure if he will be able to play at next month’s French Open after pushing through the pain barrier in his comeback from injury. The 37-year-old, a 22-time Grand Slam champion, said that he is far from being in top form and that he is only playing against American …

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Bolt named T20 World Cup ambassador


April 25, 2024

DUBAI: The International Cricket Council (ICC) has named Olympic legend Usain Bolt as an ambassador for the upcoming ICC Men’s T20 World Cup, which will be played in the West Indies and US from June 1 to 29. The announcement comes a few weeks ahead of the start of cricket’s biggest T20 spectacle ever that will inspire a new generation …

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FIH gives one-day ultimatum to PHF over parallel bodies


April 25, 2024

LAHORE/ISLAMABAD: It is no good news for Pakistan hockey which is already struggling badly for survival while facing crises and setbacks of all kinds. Amid internal wrangling within the Pakistan hockey Federation, the International Hockey Federation (FIH) on Wednesday gave a brief yet sombre message to the federation which has witnessed a growing tussle for control between two rival groups …

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Rizwan ruled out but Babar hopeful Pakistan will bounce back


April 25, 2024

LAHORE: Pakistan will be missing one of their batting mainstays in the penultimate Twenty20 Intern­ational against New Zealand but the other, captain Babar Azam, was hopeful that his side will bounce back from their dispiriting loss in the last game by winning the five-match series. The series is level at 1-1 after depleted New Zealand, shorn of their big names …

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Bismah Maroof announces retirement from cricket: PCB


April 25, 2024

Former Pakistan Women’s captain Bismah Maroof has announced her retirement “from all cricket with immediate effect”, the Pakistan Cricket Board (PCB) said in a press release on Thursday. “I have decided to retire from the game I love the most. It has been an incredible journey, filled with challenges, victories, and unforgettable memories,” the batter said in a statement published …

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T-bills more attractive bet than equities


April 25, 2024

KARACHI: Domestic bonds have proven more attractive to foreign investors than the record-breaking equity market during the first nine days of the current month. The State Bank of Pakistan (SBP) reported on Wednesday that foreign investments in treasury bills up to April 9 amounted to $20 million, surpassing the inflow for equities. This scenario is noteworthy since the equity market …

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‘IMF surcharges on borrowings exacerbate global inequities’


April 25, 2024

BENGALURU: Countries, mostly middle and lower-income, have been burdened by surcharges on top of interest payments on their borrowings from the International Monetary Fund (IMF), widening global inequities, according to a report by US think tanks. Indebted member countries paid about $6.4 billion in surcharges between 2020-2023, the report from Boston University’s Global Development Policy Centre and Columbia University’s Initiative …

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