The US Supreme Court’s ruling tied to birthright citizenship prompted confusion and phone calls to lawyers as people who could be affected tried to process a convoluted legal decision with major humanitarian implications. The court’s conservative majority on Friday granted President Donald Trump his request to curb federal judges’ power but did not decide the legality of…
Iran has imposed a ban on the entry of Rafael Grossi, the head of the International Atomic Energy Agency (IAEA), into the country. According to an international news agency, Iran has also removed the IAEA’s surveillance cameras from its nuclear facilities. On June 13, Israel had launched attacks on Iran, killing over ten nuclear scientists…
The British government has distanced the incoming head of its foreign intelligence service from her grandfather following reports he was a Nazi spy known as “the Butcher”. Blaise Metreweli will, in the autumn, become the first woman to lead MI6 in its 116-year-old history, the British government announced earlier this month. The Daily Mail newspaper…
KSE-100 index surges 2,333 points as budget, $3.6b loan boost sentiment KARACHI: Pakistan Stock Exchange (PSX) closed at another all-time high on Friday, with the benchmark KSE-100 index surging over 2,300 points, or 1.91%, and closing just shy of 124,400, marking a weekly gain of 3.6%. The rally was fueled by aggressive institutional buying ahead…
Conducts OMOs to ease liquidity crunch, gold drops Rs5,000/tola as demand falls KARACHI: The State Bank of Pakistan (SBP) injected Rs12.38 trillion into the financial system through two separate Open Market Operations (OMOs) on June 27, 2025, to manage the liquidity vacuum caused by Eid-related cash demand and fiscal needs of the government constrained by…
Cumulative losses of state firms increased to record Rs5.9tr by Dec 2024 ISLAMABAD: In a rare statement, a cabinet body on Friday admitted that poor governance concerns persisted with low transparency in government-owned companies while their cumulative losses increased further to a record Rs5.9 trillion by December last year. The statement issued by the Ministry…
EPBD says Rs7.2tr in guaranteed returns to banks must be redirected to industry, urges 6% policy rate ISLAMABAD: An independent think tank has urged the government to choose between subsidising already-profitable banks or diverting limited fiscal resources toward productive sectors by ending the policy of banks guaranteed returns on government borrowing. The Economic Policy and…
EPBD says Rs7.2tr in guaranteed returns to banks must be redirected to industry, urges 6% policy rate Listen to article ISLAMABAD: An independent think tank has urged the government to choose between subsidising already-profitable banks or diverting limited fiscal resources toward productive sectors by ending the policy of banks guaranteed returns on government borrowing. The Economic Policy and…
Women’s World Cup draw boosts ACC hopes KARACHI: India’s participation in the upcoming Asia Cup remains unresolved but the inclusion of both India and Pakistan in the same group for the Women’s World Cup has raised hopes within the Asian Cricket Council (ACC). Although the Asia Cup is scheduled for this year, tensions between Pakistan…
Real Madrid will lock horns with Juventus in last Lionel Messi will come up against his old club Paris Saint-Germain with Inter Miami in the last 16. PHOTO: AFP PHILADELPHIA: From Inter Miami’s Lionel Messi facing former side Paris Saint-Germain to Real Madrid meeting Juventus and Chelsea taking on Benfica, here is a looks ahead…
