July 2026 – Page 284

Glacier melting increases the water level in rivers, reservoirs

Officials said the gradual rise in river flows had improved the availability of water in major reservoirs ISLAMABAD: Water levels in major rivers and reservoirs continued to improve on Wednesday as rising temperatures in northern mountainous regions accelerated glacier melt, while authorities expressed optimism that expected monsoon rains would further increase inflows and bolster water […]

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Budget tax changes come into force

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Revised tax measures came into force with the implementation of the new federal budget ISLAMABAD: Implementation of the federal government’s recently announced budget has begun, putting revised income tax and super tax measures for individuals and businesses into effect. Under the new tax regime, the existing income tax rate for people earning up to Rs183,000

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World Bank asks Pakistan to revise NFC Award formula

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A person walks into the World Bank Group building in Washington, USA. — AFP/file On BISP, the World Bank is seeking cost sharing from all provinces. Expenditure tasks remain incompletely implemented: WB. WB proposes to adopt a horizontal distribution solution for equalization. ISLAMABAD: The World Bank (WB) has asked Pakistan to revise the Formula for

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Pakistan rejects India’s criticism of Afghan strikes

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Says Delhi sponsors terrorists operating from Afghan soil. ISLAMABAD: Pakistan on Wednesday strongly rejected India’s criticism of its latest military crackdown on terror hideouts in Afghanistan, calling New Delhi’s statement “baseless” and saying India was actively sponsoring terror groups operating against Pakistan from Afghan soil. The Ministry of External Affairs issued the response after India’s

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Ether, solana, dogecoin in the green after Warsh comments push bitcoin above $60,000

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Bitcoin BTC$60,204.42 traded above $60,700 on Thursday after a quick turnaround overnight after Federal Reserve Chairman Kevin Warsh said inflation risks had receded, giving a market that spent most of June paring its first clear lift in weeks. Speaking at the European Central Bank’s annual forum in Sintra, Portugal, on Wednesday, Warsh said “inflation risks

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Contingency committee set up

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ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Wednesday directed federal and provincial authorities to intensify preparations for the upcoming monsoon season, ordered the establishment of a national emergency response mechanism and stressed that coordinated efforts are essential to mitigate the growing risks posed by climate change. Chairing a high-level meeting to review monsoon preparedness and

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The SC sets rules for hiba in inheritance cases

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LAHORE: In a move to strengthen women’s inheritance rights, the Supreme Court ordered the restoration of the inherited share of two sisters in their ancestral property after a 71-year dispute, while ruling that the burden of proof for an oral gift (hiba) rested on those claiming to benefit from it. In 1955, the defendants’ father

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Scientists make cells using lab-made DNA

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Small, quivering orbs designed to feed and reproduce and enhance the view of artificial organisms Scientists claim they are closer to creating life from scratch after building tiny, quivering blobs that use lab-made DNA to feed, grow and reproduce in a dish. According to a report published in The Guardian, the synthetic cells were made

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Four dead as monsoon hits northwest

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Rescue teams pulled the injured from the debris and shifted them to nearby hospitals ISLAMABAD/QUETTA/PESHAWAR: Three children and a woman died and more than 30 others were injured in various incidents triggered by heavy monsoon rains and lightning in Balochistan and Khyber-Pakhtunkhwa (KP), rescue officials said on Wednesday. Meanwhile, monsoon rains accompanied by wind and

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Bitcoin long-term holders have returned to accumulation, says Glassnode

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“Historically, sustained transitions from net distribution to net accumulation have often occurred during periods of market weakness, as long-term investors gradually increase their holdings while short-term participants reduce risk,” Glassnode said in its latest report. Small wallets lead to dip buying The signal becomes more interesting when looking at the broader accumulation picture using Glassnode’s

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