Spain, Germany hold on for Nations League wins

LONDON: Spain and Germany held on to claim uninspiring wins in the Nations League on Saturday, when Luxembourg and Montenegro also won their games. Mikel Oyarzabal pounced on a horror slip by Swiss captain Granit Xhaka to seal a 1-0 victory for Spain in an empty stadium in Madrid, while Germany defeated Ukraine 2-1 in […]

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Afghanistan withdrawal still ‘conditions-based’: Top US general

The US withdrawal of more troops from Afghanistan will depend on a reduction in violence and other conditions agreed in February with the Taliban, the Pentagon’s top general said in an interview broadcast on Monday. Five days after President Donald Trump said he wants US forces “home by Christmas,” Joint Chiefs Chairman General Mark Milley […]

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Indian defence minister’s ‘insinuations’ that Pakistan, China create border conflicts rejected by FO

The Foreign Office on Monday rejected Indian Defence Minister Rajnath Singh’s “unfounded insinuations” that Pakistan and China were deliberately creating border disputes with India. “It is India that not only creates disputes with neighbours but also runs away from peacefully resolving them,” an FO press release said. The FO further said that Singh’s remarks “demonstrate […]

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Netanyahu says he and Abu Dhabi crown prince have agreed to meet soon

Israeli Prime Minister Benjamin Netanyahu said on Monday he had spoken with Abu Dhabi Crown Prince Mohammed bin Zayed Al Nahyan and they agreed to meet soon, without citing a specific date in a statement about their telephone conversation. Meanwhile, the Israeli government unanimously approved the country’s recently signed normalisation agreement with the United Arab Emirates on […]

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Armenia, Azerbaijan clash as ceasefire fails to stick

A ceasefire between Armenia and Azerbaijan over the disputed Nagorno-Karabakh region was failing to hold on Monday as the two Caucasus rivals exchanged new fire while international mediators were to relaunch efforts for a sustained truce. Armenia and Azerbaijan have for the last two weeks engaged in bitter fighting over Nagorno-Karabakh, a breakaway region of Azerbaijan controlled […]

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Power Division notifies up to Rs2.89 per unit rise in KE tariff

The Power Division on Monday notified an increase in electricity rates by Rs1.09 to Rs2.89 per Kwh (unit) for consumers of the K-Electric (KE) to bring them on a par with the rest of the country, with effect from September 1, 2020. The Economic Coordination Committee (ECC) of the cabinet had last month approved the summary moved […]

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Shares plunge as uncertainty over FATF decision perturbs investors

Stocks tumbled as much as 670 points during Monday’s session as the benchmark KSE-100 index fell to a low of 40152.70 points in the afternoon hours of the session. Oil and gas exploration, cement and commercial banks led the losses during the session. The index opened on a positive note gaining 218 points in the […]

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PM hails ‘good news’ as September remittances jump 31pc over last year

Prime Minister Imran Khan on Monday hailed a jump of 31.2 per cent in remittances for September, terming it “good news for the economy”. Pakistan received remittances of $2.3 billion in September driven by gradual re-opening of major host destinations such as the Middle East, Europe and the United States, data released by the State Bank of […]

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New rules bring no change to forex accounts access: SBP

KARACHI: A day after news reports appeared about a new SRO issued by the government regarding rules about access to foreign currency accounts, the State Bank of Pakistan said in a circular that nothing has changed. “There has been no change in the general or special permissions given by the State Bank to individuals under the foreign […]

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SC issues notice to PM Imran for attending Insaf Lawyers Forum ceremony

The Supreme Court on Monday issued a notice to Prime Minister Imran Khan for attending a ceremony of the PTI-affiliated Insaf Lawyers Forum (ILF) held in Islamabad last week. “The prime minister is the premier of the whole country, not of one particular group. Why is he misusing the state’s resources?” Justice Qazi Faez Isa remarked while […]

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