BEIJING, Aug. 11 (INP): The lab for ecosystem restoration and sustainable development jointly built by University of Agriculture, Faisalabad (UAF) and Shenyang Normal University, China has been inaugurated. The two sides expect to carry out some innovative projects and research programs together under the lab, according to Iqrar Ahmad Khan, Vice Chancellor of UAF. “In Pakistan, land degradation has …
KARACHI: The Pakistan Stock Exchange (PSX) jumped up by 1,000 points to around 48,900 in the early trading hours on Friday. The market invited the outstanding renewed buying from investors after the global stock market index provider Morgan Stanley Capital International (MSCI) announced to add record 15 Pakistani listed companies into its MSCI Frontier Market Index. The development is expected to …
ISLAMABAD, August 11 (EW): Prime Minister Muhammad Shehbaz Sharif and Leader of the Opposition in National Assembly Raja Riaz will meet again today (Friday) as part of the consultation process for the selection of the caretaker prime minister. The first meeting between Prime Minister Shehbaz Sharif and opposition leader Raja Riaz, held on Thursday, regarding the appointment of the …
KAHULUI: Fast-moving wildfires have claimed at least 36 lives in the US tourist paradise of Hawaii, where rescuers raced on Thursday to evacuate more people from the worst-hit island of Maui. Brushfires on Maui’s west coast — fuelled by high winds from a hurricane passing to the south — broke out on Tuesday and rapidly engulfed the seaside town of …
KARACHI: Remittances to Pakistan have dropped by 19.3% year-on-year to $2 billion in the first month of the current fiscal year, according to data released by the central bank on Thursday. Meanwhile, the remittance inflows have also witnessed a reduction of 7.3% on a month-on-month basis, The News reported. The country, in July, received $2.2 billion in remittances from Pakistanis living …
This substantial jump was a result of the Kissan Package announced by Shehbaz Sharif-led government in a bid to boost the agriculture sector which has been grappling with rising production cost due to the expensive seeds, fertilizers, diesel and other inputs. At the same time, the government wanted to increase agriculture production amid rising import bill and the food security-related …
MUZAFFARABAD: After remaining inoperative for more than a year, the 969-megawatt Neelum-Jhelum Hydropower Project has resumed power generation following the restoration of its tail race tunnel, Wapda said on Wednesday. The project envisages diverting the Neelum river from Nauseri village through a 51.7km underground tunnels system — a 48.2km headrace tunnel and a 3.5km tail race tunnel — with its …
Senior Pakistan Muslim League-Nawaz (PML-N) leader Rana Sanaullah said Thursday there is nothing new in a foreign media outlet’s story about the US cipher, which claimed to substantiate former prime minister Imran Khan’s allegations that he was removed under American pressure after his Russia visit. “Though there is nothing new in this story, the investigation needs to held to establish …
ISLAMABAD: In a significant development likely to alleviate the country’s economic woes in the upcoming months, the International Monetary Fund (IMF) is likely to work with a prolonged caretaker setup in the country to complete its ongoing $3 billion Standby Arrangement (SBA) programme, The News reported Thursday, citing top official sources. “The IMF has shown the willingness to work with a prolonged …
A formal round of consultation over the nomination for a caretaker premier between Prime Minister Shehbaz Sharif and Leader of the Opposition in the National Assembly Raja Riaz will begin today (Thursday). The consultation became due after the dissolution of the 15th NA of Pakistan last night, with President Arif Alvi’s approval of the summary sent by PM Shehbaz. “The …
