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Home Latest News (page 16)

Latest News

Over 10m lack access to safe water in flood-hit areas

By Editor Economic Watch
in :  Latest, Latest News
22 Mar 2023

  ISLAMABAD, Mar 22 (EW):  More than 10 million people, including children, living in flood-affected areas remained deprived of safe drinking water, the United Nation’s agency for children warned on Tuesday, six months after the devastating floods ravaged parts of Pakistan. On the eve of World Water Day, Unicef said in a new release that the floods damaged most of …


Exchange losses: ECC approves Rs27bn TSG for Kuwait Petroleum

By Editor Economic Watch
in :  Latest, Latest News
22 Mar 2023

  ISLAMABAD, Mar 22 (EW): The Economic Coordination Committee (ECC) of the Cabinet, Tuesday, approved an immediate technical supplementary grant of Rs27 billion for Kuwait Petroleum Company. Federal Minister for Finance and Revenue Senator Ishaq Dar presided over the meeting. Federal Minister for Power Khurram Dastgir Khan, Federal Minister for Industries and Production Syed Murtaza Mahmud, Minister of State for …


Massive 6.8 earthquake kills 9 in KP; Islamabad buildings evacuated

By Editor Economic Watch
in :  Latest, Latest News
22 Mar 2023

  ISLAMABAD, Mar 22 (EW): An earthquake  6.8 magnitudes shook parts of Pakistan on Tuesday, killing nine people, including two women, and injuring over 160 others as well as causing many buildings to collapse, authorities said. The deceased in Khyber Pakhtunkhwa include five men, two women and as many children, according to the Provincial Disaster Management Authority KP. At least …


PDM huddle to discuss future course of action today

By Editor Economic Watch
in :  Latest, Latest News
20 Mar 2023

  ISLAMABAD, Mar 20 (EW):  Amid a worsening political crisis in the country, Prime Minister Shehbaz Sharif  has convened an urgent meeting of his coalition partners today to discuss the future course of action vis-à-vis Pakistan Tehreek-e-Insaf Chairman Imran Khan, sources said. The huddle was summoned after the premier’s meeting with Pakistan Muslim League-Nawaz (PML-N) Senior Vice President Maryam Nawaz …


Low income people to be provided Rs50/litre subsidy: PM

By Editor Economic Watch
in :  Latest, Latest News
20 Mar 2023

  LAHORE, Mar 20 (EW):  In a major relief measure, the government has announced a petroleum relief package of 50 rupees per litre for the low income people of the country. The decision was made at a meeting chaired by Prime Minister Muhammad Shehbaz Sharif, here on Sunday. The Prime Minister said consumers using small vehicles including motorcycles, rickshaws, and …


IMF denies speculations regarding Pakistan’s nuclear program

By Editor Economic Watch
in :  Latest, Latest News
20 Mar 2023

  WASHINGTON, Mar 20(EW):  The International Monetary Fund (IMF) on Sunday denied speculations regarding imposing any conditions related to Pakistan’s nuclear assets for the staff level agreement. The representative of IMF for Pakistan, Esther Perez Ruiz, has said in a statement that there is no truth in the speculations related to Pakistan’s nuclear program and added that negotiations with Pakistan …


By Editor Economic Watch
in :  Latest, Latest News
20 Mar 2023

  LAHORE, Mar 20 (EW):  Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan announced on Sunday a “mega power show” at Minar-e-Pakistan in Lahore on Wednesday, the eve of the Pakistan Day celebrations. Addressing his supporters via video link from his Zaman Park residence, Imran vowed a “mammoth rally” at Minar-e-Pakistan, which he said would be like a referendum to prove which …


Foreign secretary dashes to China as economic woes swell

By Editor Economic Watch
in :  Latest, Latest News
17 Mar 2023

  ISLAMABAD, Mar 17 (EW):  Pakistan’s Foreign Secretary Dr Asad Majeed Khan arrived in China on Thursday and is expected to hold discussions with his Chinese counterpart on strengthening the bilateral strategic partnership between the two countries, The News reported on Friday. The foreign secretary will also hold meetings with Chinese officials to discuss the financial woes of Pakistan among other matters …


Petition to halt Zaman Park police operation: Imran to appear before LHC

By Editor Economic Watch
in :  Latest, Latest News
17 Mar 2023

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has decided to appear before the Lahore High Court (LHC) regarding a petition to halt a police operation to arrest him for failing to attend the Toshakhana hearing. “Khan would soon go to a court in the city of Lahore to support his plea against his arrest warrant and police action,” PTI leader Fawad …


Friendly delay ‘last hurdle’ to IMF bailout

By Editor Economic Watch
in :  Latest, Latest News
17 Mar 2023

  ISLAMABAD, Mar 17 (EW):  Finance Minister Ishaq Dar said on Thursday that an assurance from “friendly countries” to fund a balance of payment gap was the last hurdle in securing an IMF deal, which will offer a critical lifeline to avert an economic meltdown. Several countries had made commitments to support Pakistan during previous International Monetary Fund (IMF) reviews, …


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