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PIA may suffer Rs112b loss this year: CEO

By Editor Economic Watch
August 10, 2023
in :  Latest

  ISLAMABAD: Pakistan International Airlines (PIA) CEO  Air Vice Marshal Amir Hayat on Wednesday said the national carrier was expected to suffer a loss of Rs112 billion in the ongoing year. During a press briefing, the PIA CEO pointed out that the national carrier had sustained a total loss of Rs80 billion in 2022 because of old loans and interest …

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Election odyssey begins as president dissolves NA

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

ISLAMABAD: President Dr Arif Alvi on Wednesday dissolved the National Assembly on the advice of Prime Minister Shehbaz Sharif, setting the stage for general elections latest by November 9. The Constitution gives a 90-day timeframe for holding the elections upon the dissolution of the assembly before the end of its five-year term. With the dissolution of the assembly, the country …

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IMF Deal at Risk if Caretaker’s Tenure Extended: Media

By Editor Economic Watch
August 9, 2023
in :  Latest, Latest News

ISLAMABAD: The risks attached to the short-term 3-billion-dollar Standby Arrangement (SBA) programme of the International Monetary Fund (IMF) will increase manifold with the possibility of the tenure of the caretaker setup going beyond 90 day which seems essential after the approval of the 7th Population and Housing Census, local media reported on Wednesday. A delay in the general elections is on …

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Sino-Pak feature film to strengthen bilateral cultural exchanges: Zhang Heqing

By Editor Economic Watch
August 9, 2023
in :  Latest

  ISLAMABAD, Aug 9 (INP): First Sino-Pak feature film premier held to strengthen bilateral cultural exchanges, said Zhang Heqing, the Cultural Counselor of the Chinese Embassy in Pakistan. The Pakistan National Council of the Arts (PNCA) recently hosted the premiere of “Ba’tie Girl,” the inaugural Sino-Pak feature film, marking a decade of the China-Pakistan Economic Corridor (CPEC) celebrations. Zafar Uddin Mahmood, Special …

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Pakistan, China advancing collaboration in higher education

By Editor Economic Watch
August 9, 2023
in :  Latest

  BEIJING, Aug. 8 (INP): Pakistan and China are advancing collaboration in higher education.According to Prof. Dr. Iqrar Ahmad Khan, Vice Chancellor of University of Agriculture, Faisalabad (UAF),         China’s higher education has made great progress in recent years and the overall development momentum is very strong. Cooperation between China and Pakistan in higher education has been deepening, and the cooperation in …

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33 dead, 18 still missing after record Beijing rains: officials

By Editor Economic Watch
August 9, 2023
in :  International News, Latest

Thirty-three people have been confirmed dead and 18 are still missing after Beijing’s heaviest rains on record, officials said on Wednesday. China’s capital has been hit by record downpours in recent weeks, damaging infrastructure and deluging swathes of the city’s suburbs and surrounding areas. Officials said on Wednesday that 33 had died in the recent bad weather in Beijing, mainly …

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PM all set to advise president for NA dissolution today

By Editor Economic Watch
August 9, 2023
in :  Latest, Latest News

Today (Wednesday) is most likely the last day of the coalition government as Prime Minister Shehbaz Sharif is all set to write to President Arif Alvi for the dissolution of the National Assembly. The government will dissolve the lower house of the parliament earlier than its constitutional term (which ends on August 12) as it seeks to extend the time …

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US believes Imran Khan’s case doesn’t warrant response

By Editor Economic Watch
August 8, 2023
in :  International News, Latest

  WASHINGTON, August 08 (EW): The United States said Monday it responds to “obviously unfounded” cases and Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan’s arrest in the Toshakhana case was not one of them. The comment came during US State Department spokesperson Matthew Miller’s press briefing in Washington, where he was asked a slew of questions regarding the PTI chief’s arrest. …

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Special Investment Facilitation Council approves key projects to attract investment

By Editor Economic Watch
August 8, 2023
in :  Latest, Latest News

  ISLAMABAD,  8 August (EW): The third apex committee meeting of Special Investment Facilitation Council (SIFC) on Monday approved multiple projects presented by various ministries to attract investments from friendly countries, under the umbrella of the council, in key sectors like agriculture, livestock, mining, minerals, information technology and energy. The meeting was presided over by Prime Minister Shehbaz Sharif and …

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PTI challenges Toshakhana verdict against Imran in IHC

By Editor Economic Watch
August 8, 2023
in :  Latest, Latest News

ISLAMABAD: A petition challenging a trial court’s verdict in the Toshakhana (gift repository) case against Pakistan Tehreek-e-Insaf (PTI) chief was filed in the Islamabad High Court (IHC) on Tuesday. The application was filed by the former premier’s lawyers Khawaja Haris and Barrister Gohar Ali Khan. “The decision of the trial court in the Toshakhana case is against the law,” stated the plea …

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