Author: i2wtc
SBP injects liquidity into money market; gold down Rs5,000/tola, rupee posts a slight gain KARACHI: Pakistan’s foreign exchange reserves recorded a modest improvement during the week ended November 14, 2025, with the State Bank of Pakistan’s (SBP) holdings rising by $27 million to reach $14.551 billion, according to data released by the central bank on Thursday. The SBP’s weekly report showed that the country’s total liquid foreign exchange reserves stood at $19.738 billion. Of this, commercial banks held $5.187 billion in net reserves, while the SBP’s share made up the bulk of the total. The SBP on Thursday injected a…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Nov. 20, 2025.Brendan McDermid | Reuters U.S. stocks delivered one of their sharpest mood swings in months on Thursday. The Nasdaq Composite ended down 2.16% after spending the morning stateside up as much as 2.6%. The wild swings from high to low (regrettably, not in the opposite direction) were also seen in the S&P 500, which lost 1.56% at the end of the day after reaching a high of 1.9%. The Dow Jones Industrial Average followed the same arc, closing 0.84% lower from…
KARACHI: The recent Cloudflare outage that disrupted services across Pakistan has highlighted the country’s heavy reliance on foreign digital infrastructure, underscoring the urgent need for a national preparedness strategy. When contacted, officials at the Federal Ministry for IT and Telecommunication (ITT) told The Express Tribune that the Government of Pakistan has a robust vigilance system under the National Cyber Emergency Response Team (NCERT). The NCERT monitors systems 24/7 to ensure safety. On the failure of foreign Content Delivery Networks (CDNs) exposing Pakistan to digital vulnerability and the risk of an absolute halt, an official said Pakistan’s own infrastructure is resilient…
This photo taken on Nov. 17, 2025 shows a scene of the venue for the 20th Group of 20 (G20) Summit in Johannesburg, South Africa. The 20th Group of 20 (G20) Summit will be held in Johannesburg from Nov. 22 to 23. (Photo by Shiraaz Mohamed/Xinhua)This photo taken on Nov. 19, 2025 shows a poster of the 20th Group of 20 (G20) Summit in Johannesburg, South Africa. The 20th Group of 20 (G20) Summit will be held in Johannesburg from Nov. 22 to 23. (Photo by Shiraaz Mohamed/Xinhua)This photo taken on Nov. 17, 2025 shows a scene of the venue…
The Federal Constitutional Court has issued a notice to the Khyber-Pakhtunkhwa government over the dismissal of employees appointed during the caretaker government. “The recruitment of my client was carried out in full compliance with all requirements under the caretaker government,” argued lawyer Khushal Khan, adding that the current K-P government dismissed these employees upon assuming power. Justice Hasan Rizvi noted that the provincial assembly had passed the Employee Dismissal Act. The K-P Employees Removal from Service Bill, 2025, was passed in January, mandating the provincial government to dismiss certain government employees appointed during the tenure of the caretaker government in…
Sandra Jensen Landi highlights presence of approximately 6,000 TTP fighters in Afghanistan Denmark has warned the United Nations Security Council (UNSC) of the “serious threat” posed by the banned Tehreek-i-Taliban Pakistan (TTP) in Central and South Asia, saying the group receives “logistical and substantial support from the de facto authorities”. Speaking as chair of the Security Council ISIL (Daesh) and Al-Qaeda Sanctions Committee, Denmark’s Deputy Permanent Representative Sandra Jensen Landi highlighted the presence of approximately 6,000 TTP fighters in Afghanistan, responsible for high-profile attacks on Pakistan from Afghan soil. Landi also noted evolving threats from ISIL, Al-Qaeda, and their affiliates.…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Nov. 20, 2025.Brendan McDermid | Reuters U.S. stocks delivered one of their sharpest mood swings in months on Thursday. The Nasdaq Composite ended down 2.16% after spending the morning stateside up as much as 2.6%. The wild swings from high to low (regrettably, not in the opposite direction) were also seen in the S&P 500, which lost 1.56% at the end of the day after reaching a high of 1.9%. The Dow Jones Industrial Average followed the same arc, closing 0.84% lower from…
Gold medalist Chen Yujie of Zhejiang poses during the awarding ceremony for the women’s 200m of athletics at China’s 15th National Games in Guangzhou, south China’s Guangdong Province, Nov. 19, 2025. (Xinhua/Huang Wei)by sportswriters Li Chunyu, Zhou Chang and Wang HaomingGUANGZHOU, Nov. 21 (Xinhua) — China’s National Games has witnessed the emergence of many young talents across its 66-year history.Co-hosted by Guangdong, Hong Kong and Macao, the 15th edition of the Games, which concludes on Friday night, demonstrated the potential of China’s teenage athletes in the new Olympic cycle.18-year-old Zhang Zhanshuo of Shandong surpassed expectations with five swimming golds in…
According to sources, draft petition has been prepared and forwarded to the apex court for filing Four judges of the Islamabad High Court have prepared a draft petition to challenge the 27th Constitutional Amendment, it is learnt on Thursday. According to the sources, a draft petition has been prepared and forwarded to the apex court for filing, with the formal submission expected later. Justices Mohsin Akhtar Kiani and Babar Sattar are among the applicants, while Justices Saman Rafat Imtiaz and Sardar Ejaz Ishaq Khan are also part of the group contesting the legislation. Read: FCC leaves SC judges questioning court’s…
The logo of Japanese company SoftBank Group is seen outside the company’s headquarters in Tokyo on January 22, 2025. Kazuhiro Nogi | Afp | Getty ImagesA sector-wide pullback hit Asian chip stocks Friday, led by a steep decline in SoftBank, after Nvidia’s sharp drop overnight defied its stronger-than-expected earnings and bullish outlook.SoftBank plunged more than 10% in Tokyo. The Japanese tech conglomerate recently offloaded its Nvidia shares but still controls British semiconductor company Arm, which supplies Nvidia with chip architecture and designs.SoftBank is also involved in a number of AI ventures that use Nvidia’s technology, including the $500 billion Stargate project for data…