MOHALI: Australia defeated India by four wickets to win the first Twenty20 International on Tuesday thanks to a late charge from Matthew Wade and a blazing 61 from Cameron Green. Australia, the reigning world champions, and India ranked first in the world, faced up in a high-scoring match that the …

KARACHI: England’s Alex Hales made his first blunder midway through their chase of 159 in their first encounter in Pakistan since 2005. Playing in his first international encounter in three years, the explosive opener blasted a flat shot off Pakistani spinner Usman Qadir straight into Shan Masood’s hands at mid-wicket, …

KARACHI: The government finally announced the updated prices of petroleum goods in the wee hours of Wednesday, increasing the price of gasoline by Rs1.45, following a six-day wait. According to protocol, the notification of updated rates is sent out at midnight. But this time, the Finance Division’s notification arrived at …

Due to worries over supply, oil prices increased somewhat on Wednesday. However, investor fears that this could trigger a recession and reduce fuel demand prevented advances due to forecasts of yet another aggressive interest rate hike by the US government. After dropping $1.38 the day before, Brent crude futures gained …

The rupee dropped 84 paise in morning interbank trading on Wednesday, approaching an all-time low versus the US dollar. According to data released by the Forex Association of Pakistan (FAP), the local currency was trading at Rs239.75 per dollar at 12:13 p.m., down 0.35 percent from yesterday’s finish of Rs238.91. …

According to the Pakistan Cricket Board (PCB), the national cricket team will wear a special jersey in today’s opening Twenty20 match against England “to raise awareness about the devastation caused by the floods in the country.” An estimated $30 billion worth of damage has been caused by floods that have …

Pakistan will play England, ranked second, at home for the first time in seventeen years after their disastrous Asia Cup campaign. Less than a month separates this epic seven-match series from the T20 World Cup in Australia. Although the team for the major tournament has already been announced, anything can …

LAHORE: The Lahore Chamber of Commerce & Industry (LCCI) on Monday termed Prime Minister Shahbaz Sharif’s performance unsatisfactory and urged him to deliver fast to put the country’s economy in the right direction. “This is a fact that he couldn’t come up to our expectations and perhaps he couldn’t deliver …

Oil prices steadied on Tuesday after rising in the previous session on concerns that further United States interest rate hikes this week to tame inflation will curb economic growth and fuel demand in the world’s biggest oil consumer. Brent crude futures for November settlement rose three cents to $92.03 a …

The PKR continued to depreciate on Tuesday, losing another Rs1.09 against the dollar during morning trade in the interbank market. The local currency was changing hands at Rs239 per dollar at 11:45am, according to the Forex Association of Pakistan (FAP). This equates to a depreciation of 0.45 per cent from …