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Saudi gigaprojects take $8 billion hit in reality check for diversification efforts

Pakistan, Aug. 15 -- Saudi Arabia's nearly $1 trillion sovereign wealth fund, the Public Investment Fund (PIF), has taken an $8 billion write-down on some of its most high-profile gigaprojects - vast ... Read More


US stocks dip after disappointing inflation data dents hopes for coming cuts to interest rates

Pakistan, Aug. 15 -- Wall Street is edging back from its record heights on Thursday after a disappointing report said inflation was worse last month at the U.S. wholesale level than economists expecte... Read More


India and China eye border trade resumption

Pakistan, Aug. 15 -- India and China are discussing resuming border trade five years after it was halted, foreign ministry officials on both sides have said, as US tariffs disrupt the global trade ord... Read More


PM directs in time construction of ITP

Pakistan, Aug. 15 -- Prime Minister Muhammad Shehbaz Sharif on Thursday visited the under-construction Technology Park in Islamabad and expressed displeasure over the slow pace of work on the project.... Read More


UEFA pays tribute to slain Palestinian footballer Suleiman Al-Obeid

Pakistan, Aug. 15 -- UEFA unfurled a banner with the message "Stop Killing Children. Stop Killing Civilians" on the pitch on Wednesday ahead of the UEFA Super Cup showdown between Paris Saint-Germain ... Read More


NBA approves $6.1bn sale of Boston Celtics

Pakistan, Aug. 15 -- The NBA on Wednesday approved the sale of the Boston Celtics to an investment group led by Bill Chisholm, five months after the deal worth a then-record $6.1 billion was agreed. ... Read More


PSG beat Tottenham on penalties to win UEFA Super Cup after late comeback

Pakistan, Aug. 15 -- European champions Paris Saint-Germain began the new season by lifting more silverware on Wednesday as they beat Tottenham Hotspur 4-3 on penalties in the UEFA Super Cup after pro... Read More


Sinner, Sabalenka sail into Cincinnati quarterfinals

Pakistan, Aug. 15 -- Defending champions Jannik Sinner and Aryna Sabalenka booked quarterfinal berths at the rain-hit ATP-WTA Cincinnati Open on Wednesday with straight-set wins. Sinner shrugged off ... Read More


From Snoop Dogg to Tom Brady, stars flock to English second-tier clubs

Pakistan, Aug. 15 -- When Snoop Dogg sang the praises of Swansea City, it signalled the unlikely arrival of the latest celebrity owner in the once unfashionable Championship, English football's second... Read More


Undefeated Australia and Iran set up FIBA Asia Cup semi-final showdown

Pakistan, Aug. 15 -- Australia and Iran booked their places in the semi-finals of the FIBA Asia Cup 2025 with big wins over the Philippines and Chinese Taipei, as the men's continental basketball comp... Read More