The State Bank of Pakistan (SBP) has raised the policy rate by 100 basis points (bps) to 11.50%. In a statement following its meeting held on Monday, the SBP’s Monetary Policy Committee said it had decided to raise the policy rate with effect from April 28. The Monetary Policy Committee decided to raise the policy […]
Inter Milan’s charge to the Serie A title was held up on Sunday after they threw away a two-goal lead to only draw 2-2 at Torino, while a goalless draw between AC Milan and Juventus left the Champions League race open. Leading just after the hour mark through two headed goals from Marcus Thuram and […]
Marseille saw the prospect of Champions League football slip further away as they were held to a 1-1 draw by Nice at the Velodrome on Sunday. The Marseille hierarchy hoped a verbal blast from sporting director Medhi Benatia following a pitiful 2-0 defeat to Lorient last weekend would fire the players to a desperately-needed three […]
Oil prices jumped almost 3% on Monday as peace talks between the United States and Iran stalled and shipments through the Strait of Hormuz remained limited, keeping global oil supplies tight. The Brent crude benchmark rose $3, or about 2.9%, to $108.36 a barrel by 0828 GMT, its highest in three weeks. US West Texas […]
A California man accused of storming a gala dinner attended by US President Donald Trump was set to appear in court on Monday over a shooting that marks the latest spasm of political violence in a deeply divided America. Administration officials said the suspect in Saturday night’s attack appeared to have aimed to kill Trump […]
US President Donald Trump said Iran could telephone if it wants to negotiate an end to their two-month war, as Tehran’s foreign minister landed in Russia on Monday to seek support from President Vladimir Putin. Hopes of reviving peace efforts receded on Saturday when Trump scrapped a visit to Islamabad by his envoys Steve Witkoff and Jared Kushner. Iranian […]
Iran’s foreign minister arrived in Russia on Monday as peace efforts between Tehran and Washington hung in the balance, following a flurry of regional diplomacy and the collapse of planned talks in Pakistan. Abbas Araghchi arrived in Saint Petersburg, the Iranian Foreign Ministry said on Telegram, where he is expected to meet with Russian President […]
A container truck carrying clothing caught fire on the Indus Highway on Monday near the village of Dhorah Solhan Adda, in Khyber-Pakhtunkhwa’s Dera Ismail Khan district, destroying goods worth millions of rupees, police said. According to police, the cause of the fire has yet to be determined. The blaze engulfed the vehicle, reducing the cargo […]
Federal Minister for Information Attaullah Tarar on Saturday recalled Prime Minister Shehbaz Sharif’s address at the Pakistan Military Academy (PMA) one year ago, and reiterated Pakistan’s consistent position on the Pahalgam “false flag operation”. Speaking to the media on Sunday, the minister emphasized the country’s commitment to counter-terrorism, regional stability and a transparent, impartial investigation […]
Minister for Maritime Affairs Junaid Anwar Chaudhry on Sunday announced storage charge waivers ranging from 25 to 50 per cent at Karachi Port Trust (KPT) terminals to facilitate exporters affected by recent disruptions in Gulf-bound shipments. Following constructive engagement with terminal operators to address exporters’ concerns, Rear Admiral Shahid Ahmed (retd), Chairman of KPT, led […]