MOSCOW: The leaders of China and Russia marked the dawn of a “new era” in their relationship, standing together in Moscow while Vladimir Putin made accusations against the West for refusing to accept Beijing’s proposed solutions to the ongoing Ukraine conflict. The nations, eager to curb Western power, expressed concerns about NATO expansion in Asia and agreed to deepen a …
ISLAMABAD, March 21 (INP): Among 10 years’ success stories of BRI that relates to poverty alleviation, de-desertification and livestock economy, “King Grass” pioneered by Chinese Technology is emerging as super food for animals with impactful features of cash crop and land fertility in Gwadar as well as Pakistan. According to a report published by Gwadar Pro, after successful growth …
KARACHI, Mar 22 (EW): The outstanding auto financing in the country continued to decline for the eighth consecutive month in February 2023, dropping almost nine per cent. Data released by the State Bank of Pakistan (SBP) shows that the auto financing fell to Rs326 billion in February 2023 from Rs357bn in the same month of 2022. According to Samiullah Tariq, …
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 …
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 …
A brokerage house has warned that inflation in March is expected to break further records, and could clock in above 34%, amid announced macro adjustments. JS Global in a report released on Monday said that Consumer Price Index (CPI) based inflation for March 2023 is expected to clock in at 34.34% YoY, highest since at least 1965, with a …
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 …
PESHAWAR, Mar 20 (EW): The Pakistan Tehreek-e-Insaf (PTI) has announced it will file a contempt of court petition in the Supreme Court (SC) on Monday against the Khyber Pakhtunkhwa (K-P) governor and the Election Commission of Pakistan (ECP) for not announcing the date of elections in the province. Sixty-two days have passed since the K-P Assembly was dissolved, but …
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 …
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 …
