• Major crops down 13.5pc amid water crisis, restricting agriculture and overall GDP growth • Industry, services underperform; large-scale manufacturing struggles for third straight year • Inflation drops to 4.6pc, a 60-year low, amid declining interest rates • Finance czar calls it ‘a gradual recovery’, promises ‘turnaround’ next year • GDP growth reaches 2.68pc, missing 3.56pc target ISLAMABAD: “Next year will be a turnaround story,” Finance Minister Muhammad Aurangzeb promised on Monday as he unveiled the Pakistan Economic Survey 2024-25 (PES) document, which highlighted widespread slippages across major sectors of the economy in the outgoing fiscal year. Reviewing the economy report card, the finance minister suggested that Pakistan’s performance should be evaluated in a global context rather than a historical one. He stated that while global economic growth has been on a declining trend, expanding 3.5pc in 2023, 3.3pc in 2024, and 2.8pc in 2025, Pakistan had progressed from a contraction of 0.2pc in 2023...
NEW YORK: (This June 8 story has been refiled to correct the name of the brothers to Duffer, not Duff, in the second bullet point) With bloody body contortions, booming blasts and brooding high school angst, “Stranger Things: The First Shadow,” based on the 12-time Emmy-winning Netflix science fiction series “Stranger Things,” took home Tony […]
Pakistani fast bowler Hasan Ali’s hat-trick and a six-wicket haul in the T20 Blast 2025 pulled Derbyshire Falcons apart. Playing for the Birmingham Bears, Hasan Ali bowled a blazing spell, giving just 23 runs in 3.1 overs, ensuring an emphatic 58-run victory for his team. Hasan Ali’s hat-trick took a dramatic turn, eliminating Ross Whiteley […]
ROME: Kim Novak, a Hollywood diva from the 1950s and 1960s who starred in Alfred Hitchcock’s “Vertigo”, will be honoured with a lifetime achievement award at this year’s Venice Film Festival, organisers said on Monday. Best known for her starring role in the 1958 psychological thriller, Novak also held notable roles in classics such as […]
Warner Bros Discovery (WBD.O) said it would split into two publicly traded companies, separating its studios and streaming business from its fading cable television networks as the parent of HBO and CNN looks to compete better in the streaming era. The breakup is the latest unravelling of decades of media consolidation that created global conglomerates […]