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Pakistan’s total foreign exchange reserves have declined by $71.6 million, bringing the overall figure to $19.95 billion, according to the State Bank of Pakistan. According to details, the central bank reported the drop in its latest weekly update, attributing the overall decrease primarily to a reduction in the dollar deposits held by commercial banks. These deposits fell by $1.55 billion, reaching $5.43 billion. In contrast, the State Bank’s own dollar reserves recorded an increase of $23.4 million, rising to $14.52 billion. Separately, few days back, the SBP governor had said that inflation in the fiscal year 2025 has fallen to…

In a landmark move aimed at strengthening regional connectivity, Pakistan, Afghanistan, and Uzbekistan have signed the Naibabad-Kharlachi Railway Corridor Framework Agreement in Kabul. The agreement marks a significant step toward establishing a railway link that will connect Central Asia to Pakistani seaports via Afghanistan. The signing ceremony took place during the visit of Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar to Kabul. He was accompanied by Federal Minister for Railways Hanif Abbasi and the special representative for Afghanistan. Agreement signed to connect Central Asia with Pakistani ports The trilateral agreement was signed by Hanif Abbasi on behalf of…

The government and opposition in Khyber Pakhtunkhwa (KP) have reached a near-final consensus on a power-sharing formula to field uncontested candidates across all 11 Senate seats from the province in a major political development ahead of the Upper House elections.  According to sources, a formal announcement of the agreement is expected soon. The breakthrough aims to curb horse-trading and ensure a peaceful electoral process for the Senate elections scheduled for July 21. Power-sharing formula finalised As per the agreed formula: Out of 7 general seats, 4 will go to the government and 3 to the opposition Out of 2 technocrat…

Japan’s Sega was aiming to revive its profile with nostalgic remakes, cinema adaptations and merchandise stores, following a period of decline in console production. Sonic the Hedgehog’s cinematic success has revitalised interest in Sega, which halted hardware manufacturing after the Dreamcast closed in 2001 and focused solely on software development. Now, record levels of tourism in Japan and rising global enthusiasm for Japanese pop culture have prompted a strategic relaunch. Evidence of this resurgence includes the opening of Sega’s flagship merchandise store in Japan this Friday, following a similar launch in Shanghai in May. Chief Operating Officer Shuji Utsumi stated,…

Ben Stokes’ lengthy bowling spells against India in the third test shows the England all-rounder has full confidence in his body after coming through injury layoffs, batter Joe Root said. The England captain bowled 44 overs at Lord’s, the most of any bowler in the match, and took five wickets to guide the hosts to a 22-run victory and 2-1 lead in the five-match series. He contributed 44 and 33 runs and was named player of the match. The 34-year-old underwent a successful operation on a torn hamstring in December before undergoing a physical fitness programme during which he lost…

The Global Supply Chain Promotion Report 2025, along with the global supply chain index matrix, was released on Wednesday during the 3rd China International Supply Chain Expo (CISCE), hosted by the China Council for the Promotion of International Trade (CCPIT). As the flagship publication of the event, the report reveals new trends in global supply chain cooperation. “The report finds that technological innovation is playing an increasingly prominent role in driving global supply chains,” said Zhao Ping, spokesperson for the CCPIT. “Digital technologies such as artificial intelligence are rapidly evolving and maturing, while green and low-carbon technologies like carbon capture…

Chinese archaeologists have investigated the lives of nobles from the Qin state during the Eastern Zhou Dynasty, providing new insights into ancient Chinese social hierarchy, dietary customs and cultural integration. Details of the study have been published in Heritage Science, an international journal. The work was conducted by a research team led by associate professor Shang Xue at the University of the Chinese Academy of Sciences, in collaboration with the Institute of Vertebrate Paleontology and Paleoanthropology, the Chinese Academy of Sciences and the Shaanxi Academy of Archaeology. The research team investigated two noble tombs — one of a male noble,…

China’s economy expanded by 5.3 percent in the first half of 2025, exceeding expectations and prompting multiple major international banks to revise their full-year growth projections upward. Key economic indicators demonstrated resilience in the first half of the year. Industrial output from major firms rose 6.4 percent, buoyed by a 9.5 percent surge in high-tech manufacturing. Retail sales, a critical gauge of consumption, climbed 5 percent, marking an acceleration from the first quarter. Meanwhile, exports grew 7.2 percent during the same period. Following the data release, multiple financial institutions have raised their 2025 GDP projections for China. Morgan Stanley has lifted its…

Ten years ago, on July 17, 2015, Chinese President Xi Jinping stressed the importance of improving institutional mechanisms and innovation in promoting the revitalization of the old industrial base in northeast China. A decade on, China’s northeastern region, including Heilongjiang, Jilin and Liaoning provinces, has frequently appeared on the itinerary of Xi, reflecting his enduring concern for the region and the importance of the full revitalization of northeast China in the new era. Comprehensive deepening of reform and opening up is crucial for the full revitalization of northeast China, Xi said on February 8, noting that related policies and regulations…

LAHORE : The Provincial Disaster Management Authority (PDMA) Punjab has released a comprehensive report detailing the human and infrastructural losses caused by ongoing monsoon rains across the province. According to the report, monsoon-related incidents have resulted in 103 deaths and 393 injuries across Punjab so far this season. Additionally, 128 houses were damaged, and six livestock animals perished due to the relentless rains. In the last 24 hours alone, 63 people lost their lives and 290 others were injured. The highest number of fatalities was reported in Lahore (15 deaths), followed by Faisalabad (9), Okara (9), Sahiwal (5), and Pakpattan…