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Yearly Archives: 2024

Pakistan riding on momentum in Ireland T20 series decider


May 14, 2024

DUBLIN: Intent was on show when Pakistan thrashed Ireland in the second Twenty20 International on Sunday after a stunning loss in the opening fixture of the three-match series. To seal the series, as well as to inject much-needed momentum to their upcoming T20 World Cup campaign, Pakistan captain Babar Azam and his charges will have to repeat a similar approach in the …

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Two Passco officers suspended


May 14, 2024

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday suspended two senior officers of Pakistan Agricultural Storage and Services Corporation (Passco) over their alleged negligence and failure in ensuring transparency in wheat purchase. Presiding over a high-level meeting to review the demand and supply and procurement of wheat by the federal government, the PM ordered the suspension of Passco’s managing director and general …

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Influential sugar industry plans five-fold increase in bagasse price


May 14, 2024

KARACHI: The influential sugar industry is attempting to align baga­sse prices, a residue of sugarcane, with coal prices in order to increase them by five to eight times the prevailing value, sources said on Monday.” Bagasse is used as biofuel at the industrial level. Due to the increasing high cost of thermal energy and significant taxes on it, various options …

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Petrol, diesel may see a fall of up to Rs15


May 14, 2024

ISLAMABAD: Thanks to a significant drop in the international market, petrol and high-speed diesel (HSD) prices are expected to decrease by about Rs15 and Rs9 per litre on May 15 despite increased import premiums. Informed sources said the prices of petrol and HSD had declined in the international market by about $8.7 and $4.3 per barrel, respectively, in the last …

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Govt unveils broader privatisation plan for state-owned enterprises


May 14, 2024

Pakistan will privatise all state-owned enterprises, with the exception of strategic entities, Prime Minister Shehbaz Sharif announced on Tuesday, broadening its initial plans to take only loss-making state firms private. The announcement came after PM Shehbaz headed a meeting on the privatisation process of loss-making state enterprises, according to a statement from his office. According to state-run Radio Pakistan, the premier …

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Talks begin with IMF on new bailout


May 14, 2024

ISLAMABAD: Pakistan and the International Monetary Fund (IMF) on Monday kick-started negotiations on 24th ‘longer and larger’ bailout programme, starting with an anticipated upfront fiscal adjustment of more than Rs1.6 trillion (1.5pc of GDP) in the upcoming budget. Pakistani side, led by Finance Minister Muhammad Aurangzeb comprised Governor State Bank of Pakistan Jameel Ahmed, Chai­rman Federal Board of Revenue Amjed …

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Israelis block aid convoy bound for Gaza


May 14, 2024

JERUSALEM: Israeli protesters blocked aid trucks headed for Gaza on Monday, strewing food packages on the road in the latest in a series of incidents that have come as Israel has pledged to allow uninterrupted humanitarian supplies into the besieged enclave. Four protesters, including a minor, were arrested at the protest, at Tarqumiya checkpoint, west of Hebron in the Israeli …

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Ex-Kazakh minister gets 24 years in prison for murdering wife


May 14, 2024

ASTANA: A former minister of the economy from Kazakhstan has been sentenced to 24 years in prison. He has been charged with the murder of his wife after the conclusion of a widely watched trial. Certain individuals perceived the trial as ‘a litmus test’ of the president’s promise to improve women’s rights. Kuandyk Bishimbayev, 44, was found guilty of torture …

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Gazans strive to study as war shatters education system


May 14, 2024

AL MAWASI: Pupils sitting with their legs crossed in the sand, take classes inside a tent, near the city of Khan Yunis, in Gaza. Two sisters connect online to a West Bank school from Cairo. A professor in Germany helps Palestinian students link up with European universities. After witnessing their schools and universities being forced to close, being damaged and/or …

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