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Daily Archives: May 31, 2024

Pakistan complete volleyball clean sweep over Australia


May 31, 2024

ISLAMABAD: Pakistan completed a series clean sweep over Australia after beating the visitors 3-0 in the third and final volleyball match here at the Pakistan Sports Complex on Thursday. Led by Murad Jehan, the national side, who played with a full-strength team despite coming into the game with an unassailable lead in the series, dominated with scores of 26-24, 25-22, …

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Djokovic untroubled as French Open vows to stop unruly fans


May 31, 2024

PARIS: Novak Djokovic reached the French Open last 32 for the 19th successive year on Thursday as Roland Garros organisers banned alcohol from the stands in an effort to counter growing complaints from players over disrespectful, rowdy fans. Defending champion Djokovic cracked 43 winners past Spain’s 63rd-ranked Roberto Carballes Baena to canter to a 6-4, 6-1, 6-2 win. The three-time …

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England beat Pakistan in 4th T20, win series 2-0


May 31, 2024

LONDON: Reigning champions England produced a fine all-round display as they overwhelmed Pakistan by seven wickets at the Oval on Thursday in their last competitive match before they begin the defence of their Twenty20 World Cup title. Victory gave England a 2-0 win in a four-match T20 series as games at Headingley and Cardiff were both washed out without a …

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Discos seek Rs3.5 more for April amid demand slump


May 31, 2024

ISLAMABAD: Seeking an additional fuel cost adjustment (FCA) of Rs3.49 per unit in June’s bills, the Central Power Purchasing Agency (CPPA) on Thursday conceded that “consumers don’t want electricity from the system” as depicted by 14-17 per cent fall in consumption in April. At a public hearing called by the National Electric Power Regu­latory Authority (Nepra), the CPPA team led …

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KP Assembly passes Rs1.7tr budget as opposition withdraws all cut motions


May 31, 2024

PESHAWAR: The Khyber Pakhtunkhwa Assembly on Thursday passed the Rs1.7 trillion budget for the upcoming fiscal year after members of the opposition withdrew their all cut motions. Finance minister Aftab Alam Afridi tabled the Finance Bill 2024–25 during a session chaired by Speaker Babar Saleem Swati. The opposition members withdrew their cut motions about 66 demands for grants for various departments. They, …

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CDWP clears Rs567bn Karakoram road project


May 31, 2024

ISLAMABAD: Ahead of Prime Minister Shehbaz Sharif’s visit to China next week, Pakistan cleared construction of about 241 km of the high-altitude Karakoram Highway at an estimated cost of Rs567.5bn (approximately $2bn) to be funded through a ‘Chinese soft loan’. This was one of the Rs609.45bn worth of two infrastructure projects the Central Development Working Party (CDWP) recommended to the …

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Shares at PSX climb more than 900 points in intraday trade


May 31, 2024

Shares at the Pakistan Stock Exchange (PSX) made significant gains on Friday and climbed more than 900 points in intraday trade. The KSE-100 index stood at 75,803.34, gaining 925.22, or 1.24 per cent, at 4:04pm from the previous close of 74,878.12. Raza Jafri, chief executive of EFG Hermes Pakistan, attributed the upward trajectory to Morgan Stanley Capital International’s (MSCI’s) semi-annual …

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Sales tax on inputs to hit productivity, warn farmers


May 31, 2024

LAHORE: The farming community is concerned about government plans to impose sales tax on agricultural inputs in the budget 2024-25. Farmers believe this measure would raise the cost of cultivation, which is already under inflationary pressure and would have far-reaching consequences for the struggling community. Aamer Hayat Bhandara, a farmer from Pakpattan district, said: “In an economy where farmers are …

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Madrid’s zoo welcomes new giant panda bear couple


May 31, 2024

MADRID: Madrid’s zoo on Thursday welcomed a giant panda couple to their new home as another phase of China’s breeding and reproduction programme for the bears begins in Spain. Former Queen Sofia, an advocate for pandas since the 1970s, hosted the official introduction of the three-year-old bears Jin Xi and Zhu Yu in Madrid. The pair were flown from Chengdu …

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