RIYADH: Tyson Fury’s father appeared to headbutt a member of Oleksandr Usyk’s entourage on Monday in a bloody clash at a media day for Saturday’s undisputed world heavyweight title fight in Saudi Arabia. John Fury, with a cut on his forehead and blood streaks on his face, confirmed to Sky Sports television his involvement in an incident at the event in Riyadh attended by both fighters. “[He] disrespected my son, the best heavyweight to ever wear a pair of boxing gloves,” he said. “Coming out with all that rubbish. He was in my face, trying to be clever. “Coming into my space…
Author: Hasnain Abid Khanzada
PARIS: Paris St-Germain were left stunned after they were beaten 3-1 by Toulouse on Sunday, with the newly-crowned champions slumping to only their second Ligue 1 defeat this season. Luis Enrique’s side struggled for form after their midweek Champions League semi-final loss to Borussia Dortmund and remain on 70 points from 32 games, six clear of second-placed AS Monaco with two games remaining. “This defeat spoils the party a bit. It’s always frustrating, even if you’re champion, to lose like that in front of your home crowd,” PSG forward Ousmane Dembele told Canal+. Kylian Mbappe, who confirmed on Friday that he…
SAN FRANCISCO: OpenAI on Monday released a higher performing and more efficient version of the artificial intelligence technology that underpins its popular generative tool ChatGPT, making it free to all users. The update to OpenAI’s flagship product landed a day before Google is expected to make its own announcements about Gemini, the search engine giant’s own AI tool competing with ChatGPT head on. “We’re very, very excited to bring GPT-4o to all of our free users out there,” Chief Technology Officer Mira Murati said at the highly anticipated launch event in San Francisco. The new model will be rolled out…
DUBLIN: Intent was on show when Pakistan thrashed Ireland in the second Twenty20 International on Sunday after a stunning loss in the opening fixture of the three-match series. To seal the series, as well as to inject much-needed momentum to their upcoming T20 World Cup campaign, Pakistan captain Babar Azam and his charges will have to repeat a similar approach in the third and final T20 on Tuesday. Although Pakistan were poor with the ball in what turned out to be a seven-wicket drubbing of the hosts, they went all out with the bat, chasing down a 194-run target in less than…
ISLAMABAD: Prime Minister Shehbaz Sharif on Monday suspended two senior officers of Pakistan Agricultural Storage and Services Corporation (Passco) over their alleged negligence and failure in ensuring transparency in wheat purchase. Presiding over a high-level meeting to review the demand and supply and procurement of wheat by the federal government, the PM ordered the suspension of Passco’s managing director and general manager (procurement). The PM also called for a third-party audit of Passco’s stock and instructed the organisation to procure an additional 400,000 metric tonnes of wheat. The PM also reiterated his government’s resolve to ensure development and progress of Balochistan.…
KARACHI: The influential sugar industry is attempting to align bagasse prices, a residue of sugarcane, with coal prices in order to increase them by five to eight times the prevailing value, sources said on Monday.” Bagasse is used as biofuel at the industrial level. Due to the increasing high cost of thermal energy and significant taxes on it, various options are being explored in Pakistan to reduce energy costs. However, sources said that a new initiative to increase bagasse prices by linking them with coal prices, leveraging influence in power corridors, is taking shape. Sources said that the current price…
ISLAMABAD: Thanks to a significant drop in the international market, petrol and high-speed diesel (HSD) prices are expected to decrease by about Rs15 and Rs9 per litre on May 15 despite increased import premiums. Informed sources said the prices of petrol and HSD had declined in the international market by about $8.7 and $4.3 per barrel, respectively, in the last fortnight. Depending on the final calculation of the inland freight equalisation margin (IFEM), the petrol price is projected to come down by Rs14.75 and HSD by Rs8.50 per litre. The import premium on petrol increased by more than 7pc in…
Pakistan will privatise all state-owned enterprises, with the exception of strategic entities, Prime Minister Shehbaz Sharif announced on Tuesday, broadening its initial plans to take only loss-making state firms private. The announcement came after PM Shehbaz headed a meeting on the privatisation process of loss-making state enterprises, according to a statement from his office. According to state-run Radio Pakistan, the premier said that the government’s job is not to do business but to ensure a business and investment friendly environment. Additionally, he directed all federal ministries to take necessary action in this regard and cooperate with the Privatisation Commission, with the…
ISLAMABAD: Pakistan and the International Monetary Fund (IMF) on Monday kick-started negotiations on 24th ‘longer and larger’ bailout programme, starting with an anticipated upfront fiscal adjustment of more than Rs1.6 trillion (1.5pc of GDP) in the upcoming budget. Pakistani side, led by Finance Minister Muhammad Aurangzeb comprised Governor State Bank of Pakistan Jameel Ahmed, Chairman Federal Board of Revenue Amjed Zubair Tiwana and their respective teams while IMF mission chief to Pakistan Nathan Porter led the visiting side. “The finance minister welcomed the IMF team and thanked them for the successful completion of the Stand-By Arrangement (SBA),” said a statement…
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