As Pakistan continues to struggle with repercussions of the fast-depleting foreign exchange reserves, US Congressman Al Green urged the Joe Biden-led government to play a role in “providing aid” to the South Asian nation through the International Monetary Fund (IMF) and World Bank. Speaking at Congress Finance Committee, Green said that Pakistan is a case study on the effects …
ISLAMABAD, June 14 (EW): State Minister for Petroleum Musadik Malik said the government could not disclose the contractual terms of its oil purchase from Russia, but assured that Pakistan was receiving favourable rates. Malik, while speaking to journalists, said: “I do not have the liberty to disclose the commercial terms of our contract with Russia, this is part of …
ISLAMABAD, June 13 (INP): A seminar on “SDPI’s response on Budget 2023-24” here on Tuesday. Addressing the seminar, Dr Vaqar Ahmed, Joint Executive Director, SDPI stated the tax collection by Federal Board of Revenue (FBR) is envisaged to be PKR 9.2 trillion – an increase of 28 percent compared with fiscal year 2022-23 (FY-23). This seems like a tall …
ISLAMABAD, Jun. 13 (INP): China Southern Airlines resumed its flight operations from Lahore to Urumqi on Tuesday with flight number CZ6018, which will provide greater convenience for businessmen and tourists traveling to China from Lahore and neighboring provinces. The route will have three return flights per week with a capacity of around 177 passengers per flight, according to China Economic …
Islamabad, June 13 (INP): In collaboration with the Pakistan Society of Development Economists (PSDE), the Pakistan Institute of Development Economics (PIDE) organized a dynamic and engaging 02-Day Conference at the University of Malakand, Khyber Pakhtunkhwa. The conference, titled “Unleashing the Economic Potential of KPK,” brought together local leaders, experts, and stakeholders to address regional problems and explore indigenous solutions. The …
ISLAMABAD, June 12 (EW): One of the major causes of societal indifference is negligiecene in accepting and countering child labour. These views were shared by child rights activists in a press released shared by Society for the Protection of the Rights of the Child (SPARC) on the occasion of Child Labour Day 2023. Asiya Arif Khan, Executive Director SPARC …
WASHINGTON, June 13 (Reuters): Twenty-two US service members were injured in a helicopter “mishap” in northeast Syria on Sunday, the US military said late on Monday, without disclosing the cause of the incident or detailing the severity of the injuries. The US military’s Central Command said 10 service members were evacuated to higher-level care facilities outside the region. Central …
LAHORE, June 13 (EW): A 5.6-magnitude earthquake jolted Lahore, Islamabad, Peshawar, and other cities on Tuesday afternoon, prompting people to rush out of their offices and homes. No loss of life has been reported. In Punjab, the tremors were felt in Shakar Garh, Chichawatni, Sialkot, Mandi Bahauddin, Rawalpindi, Jhelum, Hafizabad, Zafarwal and Murree. The quake also hit Khyber Pakhtunkhwa’s …
KARACHI: Even though the eye of the storm is likely to miss Karachi and parts of Balochistan, the Pakistan Meteorological Department (PMD) said on Monday that the intensity and severity of Biparjoy remained intact, and it is expected to make landfall on June 15. The Sindh government has begun gearing up for the looming civic crisis in the southern …
Minister of State for Petroleum Musadik Malik on Monday said that the Russian crude shipment was paid for in Chinese currency. Pakistan had opened the Letter of Credits (LCs) in the Bank of China to make the payment due to a shortage of dollar in the country and a row between the US and Russia over the Ukraine issue. …