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Daily Archives: May 17, 2024

Media stakeholders decry proposed defamation law


May 17, 2024

KARACHI: Media sta­keholders have expressed serious concern over the proposed Punjab Defam­a­tion Bill 2024 and the federal governm­ent’s propo­sed ‘Digital Media Auth­ority’, saying that the bill appears draconian in its current form. The Joint Action Com­mittee, which consists of the Pakistan Broa­dcasters Association (PBA), All Pa­­kistan Newspapers Socie­­ty (APNS), Council of Pak­istan Newspaper Edi­tors (CPNE), Pakistan Federal Union of Journalists (PFUJ) and …

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AFC backs Palestine bid to suspend Israel, scraps term limits


May 17, 2024

BANGKOK The Asian Football Confederation gave its backing to Palestine’s proposal to suspend Israel from FIFA due to the ongoing war in Gaza at its congress in Bangkok on Thursday, as the regional body also abolished term limits for its senior office bearers. AFC president Sheikh Salman bin Ebrahim Al Khalifa voiced his support for the Palestine Football Association’s motion …

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Alaphilippe goes alone to win Giro Stage 12


May 17, 2024

FANO: Frenchman Julian Alaphilippe’s early break paid off as the Soudal Quick-Step rider bravely held off the chasers to win stage 12 of the Giro d’Italia on Thursday, with Tadej Pogacar maintaining his hold on the leader’s jersey. The 193-km ride from Martinsicuro to Fano featured enough climbs to give a chance to those willing to risk attacking and deny …

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Pakistan set up volleyball final with Turkmenistan


May 17, 2024

ISLAMABAD: Pakis­tan continued their winning run at the Central Asian Volleyball Championship on Thursday, defeating Iran to set up a title clash with Turkmenis­tan. The hosts, who have remained unbeaten throughout, tested their bench strength against Iran to win 25-18, 23-25, 25-16, 25-20. “In this championship, we defeated all participating teams, which is very special for us,” a jubilant Pakistan …

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PM felicitates hockey team, orders policy formulation to employ athletes


May 17, 2024

ISLAMABAD: Praising the national hockey team for clinching silver medal in the recently-held Sultan Azlan Shah Cup, Prime Minister Shehbaz Sharif on Thursday ordered the formulation of a policy to employ athletes through departments in order to ensure their financial security and promote sports in Pakistan. The prime minister said this while addressing a ceremony held at the PM House …

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Framework introduced for digital lenders


May 17, 2024

Islamabad: The Securi­ties and Exchange Commission of Pakistan (SECP) has introduced a comprehensive framework for digital lenders to offer innovative products such as buy now, pay later services, employer-integrated earned wage access, etc. The Securities and Ex­change Commission of Pakistan, in partnership with industry stakeholders, conducted a comprehensive review of the current framework to promote innovation and ensure consumer protection. …

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Reserves grow to $14.62bn


May 17, 2024

KARACHI: The foreign exchange reserves of both State Bank and commercial banks shot up during the week ending on May 10, the central bank reported on Thursday. Reserves held by commercial banks showed a bigger jump than those with the State Bank, going up by $152 million to $5.491 billion, while the SBP’s reserves rose by $15m to $9.135bn. During …

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Falling output hurting mango exports


May 17, 2024

ARACHI: Due to the impact of climate change and low production, exporters have reduced this year’s mango export target to 100,000 tonnes from 125,000 tonnes last year. Mango production has declined for the third year in a row. Pakistan produces 1.8 million tonnes of the fruit, with the lion’s share of 70pc coming from Punjab, followed by Sindh with 29pc …

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