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Caretaker PM’s nomination: Shehbaz Sharif, Raja Riaz to meet again today

By Editor Economic Watch
August 11, 2023
in :  Latest, Latest News

  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 …

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Hawaii wildfires leave at least 36 dead

By Editor Economic Watch
August 11, 2023
in :  International News, Latest

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 …

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Pakistan’s remittances drop by 19% to $2bn in July

By Editor Economic Watch
August 11, 2023
in :  Latest

  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 …

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Pakistan sees 25pc rise in agri financing but can it ensure food security?

By Editor Economic Watch
August 10, 2023
in :  Latest

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 …

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Rana Sanaullah calls for probe into source of alleged US cipher published by The Intercept

By Editor Economic Watch
August 10, 2023
in :  Latest, Latest News

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 …

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IMF ‘willing to work’ with prolonged caretaker setup

By Editor Economic Watch
August 10, 2023
in :  Latest, Latest News

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 …

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Formal consultations on caretaker PM between Shehbaz, Raja to start today

By Editor Economic Watch
August 10, 2023
in :  Latest, Latest News

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 …

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Sajid Sadpara cleanses K2 as shrine to fallen father

By Editor Economic Watch
August 10, 2023
in :  Latest

K2 BASECAMP: K2 is the Earth’s second-highest mountain but for Sajid Ali Sadpara it is more than “just a mountain” — it is also his father’s final resting place. However, this magnificent and awe-inspiring peak is now blighted by litter, and Sajid is on a mission to clean it. In a rare act of charity in one of Earth’s most …

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UoS signs intents of cooperation with two Chinese varsities

By Editor Economic Watch
August 10, 2023
in :  Latest

  ISLAMABAD, Aug.10 (INP): The University of Sargodha (UoS) signed separate intents of cooperation with two Chinese universities to pave the way for the exchange of knowledge, academic collaboration, knowledge economy, and mutual growth. As per a statement issued on Wednesday, UoS extended its global outreach by forging a collaborative bond with the Shenyang Urban Construction University, China. This partnership aims to synergize efforts in establishing joint campuses on both sides. The intent of cooperation outlines faculty exchanges, collaborative research projects, and potential joint degree programs to address the challenges of rapid urbanization and architectural evolution. Moreover, UoS signed an intent of cooperation with the Liaoning Communication University, China. This envisions academic exchanges, faculty collaboration, and joint research endeavors to benefit from diverse perspectives and a cross-cultural academic environment that will enrich the educational experiences of students of the two universities, Gwadar Pro reported on Thursday. Speaking on the occasion, Prof. Dr. Qaisar Abbas, Vice Chancellor of UoS, said, “These intents of cooperation mark a new chapter in our journey of academic excellence and global partnerships. By joining hands with these esteemed international institutions, we are expanding horizons of knowledge for our students and are contributing to the global educational landscape.

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Pakistan honors overseas Chinese for commitment to shared prosperity through CPEC

By Editor Economic Watch
August 10, 2023
in :  Latest

  ISLAMABAD, Aug 10 (INP): Government of Pakistani honors overseas Chinese for their commitment to shared prosperity through CPEC. In a remarkable commendation ceremony for the contributors to the shared prosperity through CPEC held here as one of the series of celebrations to mark the 10th anniversary of CPEC. On this occasion, the Pakistani government extended its gratitude and recognition to …

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