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Rupee weakens against dollar, just shy of record low

Rupee weakens against dollar, just shy of record low

KARACHI: The Pakistani currency weakened to Rs133.84 to the US dollar, close to the historic low hit in mid-October, in the inter-bank market on Friday after Islamabad started talks with the International Monetary Fund (IMF) for a bailout package.The rupee lost Rs0.82, or 0.61%, from Thursday’s close of Rs133.02, the State Bank of Pakistan (SBP) reported.During […]

China won’t just play defense in trade war, Global Times warns

China won’t just play defense in trade war, Global Times warns

BEIJING: China will not be content to only play defense in an escalating trade war with the United States, a widely read Chinese tabloid warned, as President Donald Trump was expected to announce new tariffs on $200 billion in Chinese goods as early as Monday.Beijing may also decline to participate in proposed trade talks with Washington later […]

The cover-up: Malaysian officials reveal just how much 1MDB probe was obstructed

The cover-up: Malaysian officials reveal just how much 1MDB probe was obstructed

KUALA LUMPUR: The government of former Malaysian prime minister Najib Razak spent years systematically obstructing probes into the alleged looting of state fund 1MDB, while also ruthlessly muzzling critics, according to current and former government officials. They said the meddling in the investigation by the Malaysian Anti-Corruption Commission (MACC) effectively shut down local inquiries into […]

NAB’s sun shining across country not just Punjab, says Iqbal

NAB’s sun shining across country not just Punjab, says Iqbal

ISLAMABAD: NAB Chairman Justice (retd) Javed Iqbal on Thursday said the anti-graft body’s ‘sun’ was shining across the country, not just Punjab. During a Labour Day event, Punjab chief minister and PML-N president Shehbaz Sharif had said that the sun of the National Accountability Bureau (NAB) was shining over Punjab, adding that NAB investigations in […]

It’s not just Khursheed Shah, these women in the national assembly encourage sexism too

It’s not just Khursheed Shah, these women in the national assembly encourage sexism too

DESK REPORT During National Assembly proceedings this Thursday, Leader of the Opposition Khursheed Shah was criticised by Speaker Ayaz Sadiq when he made a sexist remark about his female peers. What wasn’t immediately obvious is that Shah had the support of several female MNAs. The issue arose when Speaker Ayaz Sadiq asked women lawmakers to […]

MTV just dropped its gender-specific award categories

MTV just dropped its gender-specific award categories

DESK REPORT At this year’s MTV awards, we’ll see male and female actors compete against each other in a single gender-neutral acting category instead of separate Best Actor & Best Actress categories, reports Billboard. The best actor awards will be split into film and TV categories instead. The nominees for the inaugural best actor in […]