Russia pounds Ukraine in largest airstrike

KYIV: Russia fired its biggest-ever aerial barrage at Ukraine early Sunday, killing four people and setting government offices in Kyiv ablaze, an attack President Volodymyr Zelensky warned would prolong the war. Flames could be seen rising from the roof of the sprawling government complex that houses Ukraine’s cabinet of ministers in the heart of the … Read more

In pursuit of capital

LAHORE: Developing economies have to borrow from multilateral institutions, bilateral sources, and foreign commercial banks to bridge their financing gaps. Most of these countries experience balance of payments’ crises and approach the International Monetary Fund (IMF) to meet their foreign exchange commitments. A green light from the IMF opens up external financing options for developing … Read more

Indonesia building collapse kills 3

JAKARTA: At least three people were killed and dozens were injured when a building hosting a prayer recital collapsed on Indonesia’s main island of Java on Sunday, a disaster official said. Around a hundred people, mostly women, had gathered for a Koran recital at a community hall in West Java’s Bogor district to commemorate the … Read more

Israel warns recognising Palestinian state could trigger ‘unilateral’ action

JERUSALEM: Israel’s foreign minister branded an international push to recognise Palestinian statehood a “mistake” on Sunday and warned it could trigger an unspecified unilateral response, after reports that Israel plans to annex parts of the occupied West Bank. Several countries, including France and Britain, have pledged to recognise a Palestinian state during the UN General … Read more

Mismanagement fuels floods

ISLAMABAD: Pakistan is blessed with an amazing geo-ecological terrain, stretching from sea level in the south to the towering heights of K2 in the north. This makes Pakistan unique, ranking world No 1 in the difference between the highest and lowest points of its watershed. The highest point lies at 28,200 feet at K2, while … Read more

Japan PM Ishiba says he will resign

TOKYO: Japan’s Prime Minister Shigeru Ishiba said on Sunday he would step down after less than a year in power, during which he lost his majority in both houses of parliament. The announcement means fresh uncertainty for the world’s fourth-largest economy as it battles rising food prices and deals with the fallout of US tariffs … Read more

Strengthening the bond between Pakistan, China

ISLAMABAD: China and Pakistan share a resilient bond, a brotherly bond, and a bond built on trust and common values – an ironclad friendship forged through history and growing stronger with time, President Xi said while meeting PM Shehbaz Sharif. These words are simple but carry a powerful message, encapsulating the entire Pak-China relationship. Let’s … Read more

Sindh on alert as Punjab floodwaters rush south

LAHORE/KARACHI: A high-level flood alert was issued in Punjab on Sunday after India shared information about fresh releases of water into Pakistani rivers, while the national and provincial disaster management authorities warned of fresh spell of monsoon showers. The fresh wave of floods came as the water after devastating the province during the last two … Read more