Different sectors owe government gas infrastructure development cess worth over Rs450b ISLAMABAD: The gas infrastructure development cess (GIDC) dispute is once again being debated in government circles as the Economic Coordination Committee (ECC) has urged fertiliser companies to pay the levy. The government has to receive over Rs450 billion from different sectors on account of…
KARACHI: Pakistan’s Real Effective Exchange Rate (REER) continued to rise in October 2025, reaching 103.95 compared to the revised 101.70 recorded in September, according to figures released by the State Bank of Pakistan (SBP) on Monday. A REER reading above 100 indicates that the country’s exports become less competitive while imports turn relatively cheaper, whereas…
Former Harvard president Larry Summers has said he will step back from public commitments after his emails with disgraced financier Jeffrey Epstein were made public. “I am deeply ashamed of my actions and recognise the pain they have caused,” he said in a statement to CBS News, the BBC’s US partner. “I take full responsibility…
Some 380 hospice beds out of around 2,000 lie empty in England because of financial pressures, say bosses. Hospice UK has told BBC News this is up from 300 a year ago and illustrates the severe challenges facing the sector. Beds are left empty to save money – since staffing and caring is costly –…
Nov 17, 2025, 04:58 PM ET So much for Germany being at risk of missing the World Cup. A 6-0 thrashing of Slovakia on Monday completed Germany’s recovery from a shocking start to group play as the four-time champion continued its impressive run of qualifying for the World Cup. Editor’s Picks “A brilliant game from…
Jim Carrey and How the Grinch Stole Christmas co-star Taylor Momsen reunited this month for the first time in 25 years — and the unexpected circumstances bringing them together felt like a holiday miracle. On Nov. 17, 2000, Universal Pictures released Ron Howard‘s live-action adaptation of Dr. Seuss‘ 1957 children’s book of the same name…
A tram accident in Hong Kong that led to the death of a three-year-old girl and injuries to three others was “inevitable”, as the driver only had 0.9 seconds to react upon realising the danger, a court heard. Li Yaodong, 49, was tried in Eastern Court on Monday for alleged unsafe driving outside Kennedy Town…
As U.S. giants like Google, OpenAI, and Anthropic race to develop the large language models that underpin their AI products, startups such as Sakana AI, Mistral AI, DeepSeek, and AI21 Labs are carving out their own niche with specialized models designed for specific regions, industries, or unique features. In pursuit of that goal, Tokyo-based Sakana…
KARACHI: Pakistan’s fragile external position came under renewed pressure in October as the current account deficit ballooned to $733 million in first four months of FY2026, driven by a surge in imports and weakening export growth that erased much of the improvement seen in recent months. The latest balance of payments data shows that the…
Govt intended for FCC to begin functioning from Federal Shariat Court; however, FSC judges objected President Asif Ali Zardari administers the oath to Justice Aminuddin Khan as Chief Justice of the Federal Constitutional Court during a ceremony at Aiwan-i-Sadr on Friday. Photo: APP ISLAMABAD: The newly established Federal Constitutional Court (FCC) is grappling with its…
