WASHINGTON: The World Bank and International Monetary Fund’s spring meetings get underway later this week with an ambitious reform and fundraising agenda likely to be overshadowed by concerns over high inflation, rising geopolitical tension and financial stability. “Growth remains historically weak – now and in the medium term,” IMF managing director Kristalina Georgieva said during a speech last week. The …
Remittances sent home by overseas Pakistanis touched a seven-month high at $2.5 billion in March apparently due to Ramadan and Eid ul Fitr. The inflow of workers’ remittances was 27% higher compared to the prior month of February; however, it was 11% lower compared to March 2022, the State Bank of Pakistan (SBP) data showed on Monday. A trend curve …
ISLAMABAD, Apr. 10 (INP) On April 3, National University of Sciences and Technology, Pakistan (NUST) and ShanDong JiaoTong University (SDJTU) launched the project of joint international laboratory of intelligent transportation system. Jiang Huaping, Vice President of SDJTU via video signed a MoA with Dr Osman Hassan, Pro rector academics at NUST. Speaking at the ceremony, Dr Osman Hassan indicated …
BEIJING, Apr. 10 (INP): “We are very hopeful that this year is going to bring the momentum back to pre-Covid level as more delegations from Pakistan are coming to China for face-to-face meetings following China’s relaxation on Covid-related restrictions”, Pakistani Ambassador to China Moin ul Haque told China Economic Net (CEN) in an interview. “This year is very special …
BEIJING, Apr. 10 (INP): “China’s growth will steer the global economy back on track,” said Ahsan Iqbal Chaudhary, Minister of Planning, Development and Special Initiatives, while commenting on the global inflation, which has become one of the leading concerns of the year for many. High inflation remains geographically broad-based. “If you look at Europe, the United States, or everywhere, …
BEIJING, Apr. 10 (INP): China and Pakistan agreed to boost cooperation through the “China- Pakistan Joint Laboratory on Smart Disaster Management/Prevention of Major Infrastructures” established in Tianjin, China Economic Net (CEN) reported quoting Khan Muhammad Wazir, Science Counsellor, Embassy of Pakistan in China. The Joint Laboratory will act as a platform to train Researchers and Scientists from Pakistan at …
ISLAMABAD, Apr 06 (EW): The government on Wednesday sanctioned a budget of Rs300 million for the renovation of its buildings and adopted new guidelines of an international organisation for the import of live animals and their products. The Economic Coordination Committee (ECC) approved a supplementary grant of Rs300 million in favour of the Ministry of Housing and Works for …
RAWALPINDI, Apr 06 (EW): Security forces on Wednesday killed eight terrorists, including their commander, while a soldier was martyred and another four were injured in an Intelligence Based Operation (IBO) in South Waziristan district. According to the Inter-Services Public Relations (ISPR), troops conducted an Intelligence Based Operation in the general area Shinwarsak, South Waziristan District. During the conduct of …
A week after China helped broker a rapprochement between Saudi Arabia and Iran, their foreign ministers formally met in Beijing after seven years of estrangement. Saudi Arabia’s state-run broadcaster Al Ekhbariya released footage on Twitter on Thursday, showing Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan shaking hands with Iranian Foreign Minister Hossein Amir-Abdollahian with flags of their respective countries …
ISLAMABAD, Apr 06 (EW): In what could be seen as a major development in the prohibited funding case against Pakistan Tehreek-e-Insaf chairman Imran Khan, the Islamabad High Court (IHC) has observed that the Federal Investigation Agency (FIA) failed to link Khan with the prohibited funding his party is said to have received. In a detailed judgment issued Wednesday, the …
