PaK News
Cricket finds a way to seep into every little story we tell — the ones not only in feature films but also in fleeting ads, on sports grounds and battlefields alike. My first memory of a cricket match was the 2007 World T20 final between India and Pakistan. I’m sure I’d watched cricket matches before…
KARACHI: Pakistan’s logistics industry faces annual losses of around $36 billion due to offline trade, potentially resulting in the loss of two to three million jobs. Experts emphasised these concerns at the Pakistan Logistics and Shipping Summit 2025, which was held on Thursday. According to a press release, industry leaders emphasised that real-time solutions, including…
KARACHI: The profit outflows slightly decreased in January but were still higher by 90 per cent in the first seven months of FY25, according to State Bank of Pakistan (SBP) data released on Thursday. Despite the country’s challenges on the external front amid falling foreign exchange reserves, the central bank kept allowing the repatriation of…
AS the new world order takes shape, with Trumpism at the forefront, many of us can only watch with bemused interest how, globally, priorities and interests are radically shifting. Diversity, equity and inclusion are dead in the water. Environmental and climate change considerations can unashamedly be relegated to the back row. Their inclusion in the…
ISLAMABAD: The Large-Scale Manufacturing (LSM) sector contracted 1.87 per cent year-on-year in the first half of 2024-25, the Pakistan Bureau of Statistics data showed on Thursday. The big industry production has seen a negative trend since August 2024, except in October, due to domestic and global factors. The LSM grew positively from December 2023 to…
ISLAMABAD: Finance Minister Muhammad Aurangzeb on Thursday cautioned the business community that the country cannot afford another boom-and-bust cycle, stressing the need for continued structural reforms to ensure sustainable and equitable prosperity. Speaking at a conference on ‘Retail Reimagined: Innovate, Collaborate & Thrive’, organised by the Pakistan Retail Business Council (PRBC) in Islamabad, the minister…
ISLAMABAD: The Central Monitoring Unit (CMU) of the federal government has deplored disproportionate presence of non-professional and non-independent members in the boards of directors at state-owned entities (SOEs) and an absence of effective audit and monitoring mechanisms in these organisations. The CMU has suggested adoption of international financial and audit standards to address governance weaknesses…
QUETTA / GWADAR: The Counter Terrorism Department (CTD) of Balochistan Police on Tuesday registered an FIR against unknown assailants involved in the Barkhan killing incident, where seven people were murdered. According to officials, the FIR was filed on the complaint of the Station House Officer (SHO) of CTD Loralai against unidentified individuals under various charges,…
GILGIT: Prime Minister Shehbaz Sharif on Thursday formed a seven-member committee to address the grievances of those affected by the Diamer-Bhasha Dam project. The decision came amid the continuation of a protest sit-in by the affected people in Chilas, the district headquarters of Diamer, which has now lasted for five consecutive days. According to an…
LONDON: Former foreign minister and PPP leader Bilawal Bhutto-Zardari on Thursday called out the hypocrisy of Western countries, questioning what makes a state entitled to nuclear weapons. During a wide-ranging speech at the Oxford Union, a prestigious debating society that invites world leaders to speak on key issues before students and academics, Mr Bhutto-Zardari said…