Liz Truss’ plan to cut taxes has sent shock waves through financial markets. Her government’s 45 billion pound ($48 billion) plan to slash taxes has caused the pound to plummet. The International Monetary Fund urges the government to “reevaluate” the plan. Nobody told Boris Johnson’s successor that Britain was due a period of calm after … Read more
The funding commitment is in addition to the $65 million already provided by USAID this year. 4.1 million people in Kenya are facing acute food shortages. The government has spent 12.6 billion shillings ($106.28 million) so far to assist drought victims. NAIROBI, 22 JULY – The United States Agency for International Development (USAID) announced on … Read more
Jordan Spieth on Friday denied a report. In conversations to leave the PGA Tour. For the rewarding Saudi-supported LIV Golf series. LIV has tricked away significant champs including Phil Mickelson, Dustin Johnson, Brooks Koepka and Bryson DeChambeau with colossal amounts. “Let me get straight to the point, any reports that I am mulling over contending … Read more
Informally speaking for the first time since widespread protests broke out in Ecuador two weeks ago, At least six civilian deaths and numerous assaults on security officers have resulted from the occasionally violent rallies The protests have exacerbated President Guillermo Lasso’s already hostile relationship with the national congress. Informally speaking for the first time since … Read more
KARACHI: The prices of gold gained Rs1,500 in the local market to an all-time high of Rs145,500/tola on Friday as the downward spiral of the rupee continued against the dollar. Gold 24kt gained Rs1,500/tola and Rs1,285/10 grammes to hit Rs145,500/tola and Rs124,742/10 grammes, respectively. The latest record high was recorded in the prices of yellow … Read more
KARACHI: The Corporate Tax Office (CTO) Karachi of the Federal Board of Revenue (FBR) held the sixth computerised lucky draw of the Point of Sale (POS) scheme on Tuesday. A total of Rs54 million prizes were announced for 1,017 winners with first prize of Rs1 million, followed by two prizes of Rs500,000, four prizes of … Read more
Golfer Justin Rose says he’s learned from his “super disappointment” at missing the cut at the PGA Championship. Scheffler has not needed to manage numerous disappointments this year. World number one Scottie Scheffler expressed gaining from disappointment was a fundamental piece of his procedure. He hopes to expand on a blockbuster year at the U.S. … Read more
Israel has urged Turkish citizens to flee the country due to worries of Iranian threats. Turkey’s foreign ministry says “certain nations” had issued travel advisories in an indirect reaction. The warnings come as tensions between Iran and Israel have risen again, with Tehran accusing Israel of a series of strikes. Turkey’s foreign ministry declared on … Read more
Protests against the legitimacy of Iran’s the Islamic Republic continue to sweep across the vast country, sparked by a variety of factors such as rising food prices, the collapse of a twin-tower apartment building that killed at least 29 people (with more dead feared under the rubble), and widespread disdain for the clerical regime. As … Read more
Colombians voted in the first round of presidential elections on Sunday, with a leftist candidate poised to win for the first time in the country’s turbulent history. The vote takes place in a tense atmosphere, a year after a brutal security crackdown on street protests fueled by deepening socioeconomic woes. Polls opened at 8:00 am … Read more
KARACHI: The prices of gold witnessed a significant hike of Rs1,950 in the local market to an all-time high of Rs143,600/tola on Tuesday as the rupee made another record low despite measures taken by the State Bank of Pakistan. Gold 24kt gained Rs1,950/tola and Rs1,672/10 grammes to hit Rs143,600/tola and Rs123,114/10 grammes, respectively. The precious metal recorded … Read more
Pennsylvania U.S. Senate candidate David McCormick said on Sunday that the “stakes are so high” in the forthcoming Republican primary to select the strongest Republican to go to the general election and shift the country’s trajectory by overturning Democratic dominance of the upper chamber of Congress. “I think we’re going to have a high turnout, … Read more
United Nations Secretary-General Antonio Guterres visited a displaced persons camp in Niger on Tuesday, pleading for humanitarian and military assistance for the poor country fighting jihadist rebels. Guterres travelled to the camp at Ouallam in the southwest of the country on the fourth day of a trip to West Africa delayed by the crisis in … Read more
KARACHI: The rupee gained 70 paisas against the dollar on Monday after Pakistan’s talks with the International Monetary Fund (IMF) for the revival of the Extended Fund Facility (EFF) showed progress, dealers said. The local unit closed at Rs186.05 against the greenback from Saturday’s closing of Rs186.75 in the interbank foreign exchange market. The IMF … Read more
A Vietnamese father spent hundreds of hours and thousands of dollars transforming an old van into a wooden tank for his kid, an odd hobby in a war-torn country. Truong Van Dao trundles his three-year-old kid proudly in the turret of what was once a 16-seat minibus around his neighborhood in Bac Ninh province, east … Read more
Karachi Kings, the team belonging to the biggest city of the country in the Pakistan Super League (PSL), have been quite ordinary throughout seven editions of the league. However, this time, they were awful during the whole tournament. The PSL 2020 champions looked toothless in the campaign, losing nine of the 10 games they played. … Read more
BEIJING: Facing an increasingly complicated external environment and more uncertainties, China is fully confident in and capable of maintaining sound, healthy and sustainable economic growth, said an official with the country’s top economic planner. China faces the triple pressures of demand contraction, supply shocks, and weakening expectations. But its economic resilience, massive potential, bright prospects, … Read more
Egypt and the Ivory Coast meet in the Africa Cup of Nations last-16 on Wednesday, bringing together two of the continent’s heavyweight sides with lots of history as well as two of the most intriguing attacking players in the world right now. Egypt, led by Mohamed Salah, is aiming to add to their record collection … Read more
YAOUNDÉ: The Africa Cup of Nations, kicking off Sunday in Cameroon after a delay over Covid concerns, is also posing major security, political and organisational challenges for the host nation. Some were fearing yet another postponement, with African football chief Patrice Motsepe saying late last month that the rapid spread of the Omicron variant in a country with … Read more
LAHORE: Urea industry’s role in Pakistan, being an agrarian state with 20 per cent GDP contribution and around 70 per cent of the total population depending on agriculture for its livelihood, has been pivotal. Prior to 1980/81, Pakistan imported over 50 per cent of its annual fertiliser requirements and had been a net importer till 2012. … Read more
ACCRA: Public health authorities in Ghana have introduced new travel guidelines requiring visitors to show proof of vaccination against Covid-19 from next week as the government tries to avert a fourth wave of infections. Under new rules coming into effect from midnight on Sunday, travellers “will be required to provide evidence of full vaccination,” Ghana’s … Read more
ISLAMABAD: The Board of Investment organised an online Investment Promotion seminar to apprise the potential foreign investors on investment policies and potential in Pakistan, a statement said. The theme of the seminar was “Investment opportunities in education and innovation in technologies”. Board of Investment (BoI) secretary Fareena Mazhar said that the government is committed to … Read more
KARACHI: The total debt of the country has increased 13.5 per cent, or Rs4.78 trillion, to Rs40.28 trillion by the end of October 2021, compared with Rs35.5 trillion a year ago. According to the statistics released by the State Bank of Pakistan (SBP) on Monday, of the total debt, the federal government’s domestic debt increased … Read more
ISLAMABAD: The board of directors of the Sui Northern Gas Pipelines Limited (SNGPL) has agreed to waive 66 per cent “Take or Pay” clause for the government-owned liquefied natural gas (LNG) plants, a senior government official said. “In the long run, this will help reduce the capacity payments that the government has to pay to … Read more
SAO PAULO: Jakson Follmann remembers the moment the plane’s engine died and everything went black. Then, intense pain and cold rain fell on his body. Drifting in and out of consciousness, he called out for help, until he saw the beam of a flashlight shining through the wreckage of the fuselage. It has been five … Read more
LONDON: England captain Joe Root on Thursday demanded change after a racism row engulfed Yorkshire County Cricket Club, saying the events had “fractured our game and torn lives apart”. Root, who is currently in Australia leading England’s Ashes preparations, issued his statement following weeks of escalating pressure at the club he has represented since childhood. Former Yorkshire … Read more
LONDON: Yorkshire Country Cricket Club have suspended first-team coach Andrew Gale pending a disciplinary hearing into a historic tweet, accused of being anti-semitic. The club is reeling from a racism scandal that saw chairman Roger Hutton resign last week after sponsors pulled their backing and the England and Wales Cricket Board (ECB) stripped Headingley of the right … Read more
WARSAW: Poland said it blocked a bid by hundreds of migrants to illegally enter the country from Belarus on Monday, warning of an “armed” escalation as thousands more massed near the border. As the latest grim chapter of Europe’s migrant crisis unfolded, Washington and Brussels called on Minsk to stop what they described as an orchestrated … Read more
