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 …
ISLAMABAD, May 8 (INP): China’s position paper in Shanghai Cooperation Organization (SCO) on the issues of Russia- Ukraine conflict and Afghanistan are termed a way forward to successful consultation process and durable solutions. According to Pakistani experts and analysts, the consensus among members will also give a message to the world community that the Global South has the will …
Pakistan faces a total of $3.7 billion of debt payments starting this month, Fitch Ratings said, according to Bloomberg. “About $700 million of maturities are due in May and another $3 billion in June,” Krisjanis Krustins, a Hong Kong-based director at Fitch, said in an emailed response that was quoted by Bloomberg. Fitch expects $2.4 billion of deposits and loans from China …
RAWALPINDI: Six soldiers of Pakistan Army were martyred and three terrorists were killed in an exchange of fire in North Waziristan on Thursday. According to the Inter-Services Public Relations (ISPR), a fire exchange took place between terrorists and own troops in general area Dirduni, North Waziristan District. The troops effectively engaged the terrorists’ location and three terrorists were sent to …
