KARACHI, May 12 (EW): After Thursday’s historic decline in the Pakistani rupee’s value, the local unit gained Rs12.43 against the US dollar in a “dramatic twist” in early trading session on Friday. The dollar was being traded at Rs286.50 during the inter-bank trade around 10:15am. On Thursday, the dollar reached all-time high of Rs298.93 after gaining Rs8.71 in the …
ISLAMABAD, May 12 (EW): Islamabad police arrested Pakistan Tehreek-e-Insaf (PTI) leader Shireen Mazari in the wee hours of Friday. Imaan Hazir-Mazari, the daughter of Mazari, shared a video on Twitter that showed men in civvies forcefully entering Mazari’s home in Islamabad to take the former minister for human rights into custody. Another video popped up on Twitter showing female …
BEIJING, May 10 (INP): Gansu University of Chinese Medicine, Pakistan Health Service Academy, and the China Acupuncture Center and Clinical Lab in Islamabad have reached an agreement to join hands in training Traditional Chinese Medicine (TCM) talents as well as promoting TCM clinical diagnosis and treatment in Pakistan. “Starting from 3-month or 6-month training, we will strive for providing …
ISLAMABAD, May.9 (INP): China Southern Airlines is poised to resume flight operations from Lahore to Urumqi on June 13th. The flight operations were suspended when the pandemic erupted, causing a significant downturn in the aviation industry. Gwadar Pro quoting an official from the Civil Aviation Authority (CAA) on Tuesday stated the flight service will connect Lahore with Urumqi, the capital …
Moody’s Investors Service warned that Pakistan could default without an International Monetary Fund (IMF) bailout as the country faces uncertain financing options beyond June, reported Bloomberg on Tuesday. “We consider that Pakistan will meet its external payments for the remainder of this fiscal year ending in June,” Grace Lim, a sovereign analyst with the ratings company in Singapore, was quoted as …
ISLAMABAD, May 9 (EW): The government has increased the interest rates of different National Saving Schemes. According to a notification, the interest rate on Special Savings Certificate has been enhanced from 13.10 percent to 17.13 percent. Similarly, the interest rate on Savings Accounts has been increased from 18.50 percent to 19.50 percent. The rate of return on one-year short-term savings certificates …
GAZA CITY, PALESTINIAN TERRITORIES: Israel launched pre-dawn air strikes on Tuesday against the Palestinian group Islamic Jihad in the Gaza Strip, its military announced, with the health ministry of the Hamas-controlled territory saying 12 people were killed. The ministry said that women and children were among the dead, but did not give further details as to the identity of …
ISLAMABAD, May 9 (EW): Amid the ongoing tussle between the parliament and the judiciary over holding the election in Punjab and Khyber-Pakhtunkhwa, the key opposition party — Pakistan Tehreek-e-Insaf (PTI) — has announced to hold public rallies in the federal capital Islamabad at 101 spots on May 14 (Sunday), the date set by the supreme court to hold elections …
AMRITSAR: A second blast in 36 hours rocked the area around the Sikh holy site of the Golden Temple in India’s Amritsar city on Monday, police said. Authorities said that there were no casualties or damage reported in the incident, with police investigating the possible cause. The late Saturday night blast, which police said they were still probing, left at …
Karachi, May 8: Unofficial results on Monday of by-elections held on 63 local body seats in five divisions of Sindh showed the PPP emerging victorious in Karachi. According to Radio Pakistan, the PPP emerged as the single largest party in the by-polls. Quoting unofficial results, the report said that the PPP bagged seven out of the 11 union committees …