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Monthly Archives: June 2024

Real Madrid sign France captain Mbappe on free transfer


June 4, 2024

MADRID: France forward Kylian Mbappe has joined Real Madrid as a free agent on a five-year contract, the La Liga club said on Monday, ending a transfer saga that rumbled on for years before the European champions captured their newest “Galactico”. “Real Madrid C. F. and Kylian Mbappe have reached an agreement whereby he will be a Real Madrid player …

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Pakistan’s finest turn cowboys for the T20 Cricket World Cup


June 4, 2024

The Men in Green are now the Men in Hats as they turned cowboys for the promos of the T20 Cricket World Cup! Promo photos rarely catch our eye, but then we saw the cowboy themed pictures and knew we couldn’t let it slide. Also, please excuse our pun in the excerpt, we couldn’t help ourselves.     Obviously the …

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With Owen leading the line, Pakistan Football League gets govt nod


June 4, 2024

KARACHI: The man who once used to lead the line for England was, on Monday, leading talks for the launch of a franchise league in Pakistan. Former England and Liverpool striker Michael Owen scored for the Pakistan Football League as soon as he touched down in Islamabad, helping the project get the government’s nod. The approval came when a delegation …

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Rahul Dravid to bow out as India coach after T20 World Cup


June 4, 2024

Rahul Dravid said on Monday that he will leave his post as India coach at the end of the T20 World Cup after almost three years in charge. Dravid’s contract runs out at the end of the month and he will not re-apply for the job, which has been advertised by India’s governing cricket body, the BCCI, since last month. “It is …

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Highest monthly jump in three years takes exports to $2.79bn


June 4, 2024

ISLAMABAD: Pakistan recor­ded its highest monthly growth in exports in three years with a jump of almost 19pc in May 2024. The month-on-month growth rate of 18.76pc in dollar terms was the highest since June 2021, when the exports went up by 63.32pc. According to the Pakistan Bureau of Statistics data released on Monday, exports increased to $2.79 billion in …

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Bears take hold of PSX as shares plunge over 800 points in intraday trading


June 4, 2024

Bears took over at the Pakistan Stock Exchange (PSX) as shares plunged more than 800 points on Tuesday. The benchmark KSE-100 index plunged 834.24 points, or 1.1 per cent, to stand at 74,741.01 at 3:09pm from the previous close of 75,575.25 points. Raza Jafri, chief executive of EFG Hermes Pakistan, said, “Buyers seem to be shying away as they await …

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Indian shares see worst session in 4 years on narrower lead for Modi’s alliance


June 4, 2024

Indian shares plunged over 8 per cent on Tuesday, set for their worst day in four years and erasing their gains for 2024, as vote-counting trends showed Prime Minister Narendra Modi’s alliance falling short of a predicted landslide victory. Modi’s bloc looked set to secure a majority in early vote counting in the general election on Tuesday, but the numbers were well short of the landslide …

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Uncertainty clouds budget presentation


June 4, 2024

ISLAMABAD: The ann­o­uncement of the federal budget for 2024-25 remains in unusual limbo, with key customary ingredients still missing, casting doubts on its presentation in parliament on June 10. Sources said the critical National Economic Cou­ncil (NEC) meeting, essential for reviewing the current year’s macroeconomic situation and development programme and approving the next year’s economic and development agenda, has yet to be …

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Six companies chosen to bid for PIA: minister


June 4, 2024

ISLAMABAD: Pakistan has selected six companies qualified to bid to buy national carrier Pakistan International Airlines (PIA), the privatisation minister said on Monday. The announcement came a couple of weeks after Pakistan had extended the date for submitting expressions of interest. A total of eight companies and consortiums had expressed an interest. Air Blue, Arif Habib Corporation, Blue World City, Fly …

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UN experts urge all countries to recognise Palestinian statehood


June 4, 2024

GENEVA: A group of United Nations experts called on Monday for all countries to recognise a Palestinian state to ensure peace in the Middle East. The call came less than a week after Spain, Ireland and Norway officially recognised a Palestinian state, prompting anger from Israel, which has found itself increasingly isolated after nearly eight months of aggression in Gaza. The …

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