VEHARI, Mar 7 (EW): In a major development, Pakistan Peoples Party (PPP) Co-chairman Asif Ali Zardari said Monday that his party would contest the next elections on the “arrow” symbol and not for an alliance with the ruling Pakistan Democratic Movement (PDM). “We are not a part of the PDM, but we are their partners in the government,” the …
BEIJING, Mar 7 (EW): Consulate General of Pakistan in Shanghai, Hussain Haider on Monday called upon Chinese entrepreneurs and investors to explore the potential of Pakistan’s shoe leather industry. “Pakistan is rich in leather raw materials, synthetic leather materials, machinery and other related products. I hope that Chinese entrepreneurs can see the development potential and invest in our shoe …
The Executive Board of the International Monetary Fund (IMF) has agreed to temporarily increase the limits on members’ annual and cumulative access to Fund resources in the General Resources Account (GRA). “These changes are intended to better support the Fund’s members in a particularly challenging and uncertain economic environment,” the IMF said in a statement on Monday. As per …
ISLAMABAD, Mar 7 (EW): The Islamabad High Court (IHC) on Tuesday gave Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan another opportunity to choose a date to appear before the courts in the Toshakhana (gift depository) reference against him. The former premier had moved the high court against the non-bailable arrest warrant ordered by Additional Sessions judge Zafar Iqbal in the case. …
KARACHI, Mar 7 (EW): Pakistan’s s textile exports plunged a massive 28 percent to stand at $1.2 billion in February this fiscal compared to $1.67 billion in the corresponding month of last fiscal, the leading textile body of the country reported on Monday. The provisional figures released by the All Pakistan Textile Mills Association (APTMA) showed the dismal picture …
BEIJING, Mar 7 (EW): President Xi Jinping has condemned what he branded an American-led “suppression of China”, as he urged the country’s private sector to boost innovation and become more self-reliant. China’s technology ambitions have been hit with a raft of restrictions by the United States and its Western allies, and Beijing has doubled down on the need to …
ISLAMABAD, Mar 6 (EW): A district and sessions court of Islamabad on Monday rejected Pakistan Tehreek-e-Insaf (PTI) chief Imran Kha’s plea seeking the suspension of the non-bailable arrest warrant issued for him in the Toshakhana case . Additional Session judge Zafar Iqbal announced the verdict he had reserved earlier in the day after a brief hearing of the case. …
KABUL, Mar 6 (EW): Male students trickled back to their classes Monday after Afghan universities reopened following a winter break but women remain barred by Taliban authorities. The university ban is one of several restrictions imposed on women since the Taliban stormed back to power in August 2021 and has sparked global outrage – including across the Muslim world. …
KARACHI, Mar 6 (Reuters): Pakistan will be required to give an assurance that its balance of payments deficit is fully financed for the remaining period of an International Monetary Fund (IMF) programme, the lender’s resident representative said. The external financing is one of the last in a string of prior actions the lender wants Islamabad to complete before it …
The rupee gained further ground against the US dollar as Pakistan was able to secure $500 million from the Industrial and Commercial Bank of China (ICBC) and the expectation of striking a deal with the International Monetray Fund (IMF). The local currency gained by Rs3.46 against the greenback in the interbank market during the intraday trade. The local unit …
