Author: Web Desk
KARACGI: S&P Global Ratings on Wednesday raised Pakistan’s long-term sovereign credit rating to ‘B’ from ‘B-‘, citing strengthened institutional capacity and progress on critical economic reforms that have bolstered foreign exchange reserves and eased pressure on external credit metrics. The outlook is stable, the ratings agency said. S&P also affirmed Pakistan’s ‘B’ short-term sovereign credit rating and raised its transfer and convertibility assessment to ‘B’ from ‘B-‘. The upgrade reflects improved political and institutional stability that has enabled the implementation of reforms under the International Monetary Fund’s $7 billion Extended Fund Facility, approved in September 2024, according to S&P. “These…
Heavyweight star focuses on Thailand charity fight before anticipated Joshua showdown. PATTAYA: Former world heavyweight champion Tyson Fury said on Wednesday he believes his career is far from over as he prepares for a charity fight in Thailand, insisting “the best is yet to come” ahead of an expected blockbuster clash with fellow Briton Anthony Joshua later this year. Speaking in Pattaya before Friday’s exhibition bout, Fury said he feels physically and mentally refreshed after spending several months training in Thailand, describing the experience as a fresh start. The 37-year-old will face Mariusz Wach, a 46-year-old Polish heavyweight nicknamed “The Viking,”…
National team wins Silver Medal and Merit Certificate among students from over 90 countries in Lithuania. ISLAMABAD: Pakistani students have brought international recognition to the country by securing a Silver Medal and a Merit Certificate at the 37th International Biology Olympiad (IBO 2026), held in Vilnius, Lithuania, from July 12 to 19. The achievement placed Pakistan among the leading participants at the globally recognised competition, which featured more than 350 talented students representing over 90 countries. Hassan Atif Cheema from International School Lahore (Legacy Campus) clinched the Silver Medal, while Muhammad Mutahir of Karachi Grammar School, Karachi, was awarded a…
Pakistani international Abdullah Iqbal has made history by becoming the first player from Pakistan’s national team to appear in a UEFA Champions League qualifying match. The milestone came when the defender made his debut for Swedish club Mjällby AIF in a UEFA Champions League qualifier against Gibraltar’s Lincoln Red Imps on Tuesday. Abdullah Iqbal entered the match in the 62nd minute, marking a historic moment for both his career and Pakistani football. His appearance places him among the few Pakistani footballers to compete in one of Europe’s biggest club competitions.
New regional teams, revamped tournaments and expanded grassroots programmes headline the upcoming season.
The price of 24-karat gold climbed by Rs4,600 per tola, reaching a new all-time high of Rs433,836 per tola. KARACHI: Gold and silver prices continued their upward trend on Wednesday in both international and domestic markets, with gold reaching a new record high in Pakistan amid a surge in global bullion prices. In the international bullion market, the price of gold rose by $46 per ounce, pushing the global rate to $4,114 per ounce. Following the international trend, Pakistan’s local bullion market recorded a sharp increase in gold prices. The price of 24-karat gold climbed by Rs4,600 per tola, reaching a new…
Zohran Mamdani says only the US government has the authority to enforce the ICC order. NEW YORK: New York City Mayor Zohran Mamdani has said the city lacks the legal authority to enforce the International Criminal Court’s (ICC) arrest warrant for Israeli Prime Minister Benjamin Netanyahu, urging the US federal government to take action if the Israeli leader travels to New York. In a video message shared on social media Tuesday, Mamdani said his administration had reviewed all available legal options to determine whether the city could execute the ICC warrant but concluded that such authority rests solely with the…
Project is estimated to cost 708 million Pakistani rupees. The Ministry of Information Technology and Telecommunication (MoITT) has approved plans to launch the Pak Awaaz Secure Mobile Communication Ecosystem, a new project designed to provide government officials with a secure and independent communication platform. The project has received in-principle approval from the Central Development Working Party (CDWP) under the Public Sector Development Programme (PSDP). According to ministry officials, the project is estimated to cost 708 million Pakistani rupees and will provide 10,000 secure mobile devices to government officials. The devices will include a hardware root of trust for enhanced security, will be…
Pension revision applies to provincial retirees, family pension and compassionate allowance cases. PESHAWAR: The Khyber Pakhtunkhwa (KP) government has approved a 7% increase in the net pension of all provincial government pensioners, according to an official notification issued on Thursday. The notification states that the increase will be calculated on the basis of the net pension being drawn as of June 30, 2026, and will take effect from July 1, 2026. The revised pension will also apply to government employees retiring on or after July 1, 2026, in accordance with the prescribed rules. According to the notification, the 7% increase…
He controlling population growth and promoting family welfare should be treated as a national responsibility.