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The International Monetary Fund (IMF) on Wednesday said the coronavirus pandemic has sparked an economic “crisis like no other,” sending the world GDP plunging 4.9% this year and wiping out $12 trillion over two years. Worldwide business…

KARACHI: In a bid to become more inclusive, Unilever Pakistan announced on Thursday that it will be rebranding its flagship brand Fair & Lovely, reported The News. To make the brand more inclusive, the company would stop using the…

KARACHI: The State Bank of Pakistan (SBP) has slashed the policy rate once again by another 100 basis points to bring it to 7%, it announced in a statement on Twitter, following a meeting of the Monetary Policy Committee under Governor Dr…

LONDON: Liverpool on Saturday criticised some of its own fans for "wholly unacceptable" behaviour after they crowded parts of the city to celebrate the team's first championship in 30 years. In a joint statement with Merseyside Police…

Pakistan's cricket team will leave for its tour of England on Sunday without 10 players, after they tested positive for coronavirus at least once this week, the Pakistan Cricket Board has said. The board's chief executive Wasim Khan, in…

In a development that was expected by many but that perhaps surprised Iran, the three European signatories to the Joint Comprehensive Plan of Action (JCPOA) — France, Germany and the UK — on Friday released a statement on Iran’s violations…

When it comes to regional peace and stability, there’s not much to be optimistic about in South Asia these days. The India-Pakistan relationship is ice cold thanks to a military crisis in February 2019 and India’s decision last August to…

Chinese refiners have stopped importing US crude oil since early 2019 amid an increasingly bitter trade dispute between Washington and Beijing. There had been expectations of a resumption in the trade at the start of the year following…

When Brian Hook, America’s special representative for Iran, flew to Switzerland earlier this month to receive Michael White, a US hostage released from Iranian captivity, he had another meeting in mind. As White arrived, escorted by Iranian…

The tit for tat expulsion of diplomats has triggered a new round of diplomatic hostility between India and Pakistan in a sign of heightening tension between the two nuclear-armed nations. Pakistan has asked India to reduce its diplomatic…