Sri Lanka’s president makes U-turn on IMF bailout By: APP on November 22, 2024Sri Lanka’s new leader on Thursday backed a controversial IMF bailout, marking a U-turn from his election pledge to renegotiate the deal secured by his predecessor. Leftist President Anura Kumara Dissanayake, who tightened his grip on power last week after winning a huge majority in the legislature following his own victory in September, vowed to […]
Icelandic village evacuated after new volcanic eruption By: APP on November 22, 2024A fishing village and tourist hot spot in southwest Iceland was evacuated late Wednesday after a volcano erupted in the region for the seventh time in a year, officials said. The Icelandic Meteorological Office (IMO) reported an eruption of the Sundhnukagigar volcanic fissure outside the village of Grindavik on the Reykjanes Peninsula at 2314 GMT. […]
Internet and mobile services to be suspended ahead of PTI protest on November 21, 2024The federal government is reportedly planning a partial suspension of internet and mobile phone services from November 23 in light of Pakistan Tehreek-e-Insaf’s (PTI) protest scheduled for November 24. Sources indicate that the suspension could impact Islamabad, Khyber Pakhtunkhwa, and several districts in Punjab. The Pakistan Telecommunication Authority (PTA) is expected to implement a firewall […]
Diamond Paints Honored at Corporate Philanthropy Awards 2024 on November 21, 2024Islamabad, November 19, 2024 – Diamond Paints, Pakistan’s No.1 paint brand, proudly received two prestigious accolades at the Corporate Philanthropy Awards 2024, held at Serena Hotel, Islamabad. The company was recognized for its exceptional contributions to philanthropy and social development, including the award for an outstanding Volume of Donations, reaffirming its unwavering commitment to uplifting […]
Battles and Bottlenecks By: Daily Times on November 21, 2024On Tuesday, in a high-level huddle, the government announced a comprehensive and result-oriented military operation against militants (or call them terrorists, Khawarij or …) in Balochistan, particularly the Balochistan Liberation Army (BLA). The announcement of the operation was a matter of time as there had been an alarming rise in deadly attacks. While the decision […]
Economy and Equity By: Daily Times on November 21, 2024The economy is showing signs of improvement due to government initiatives and measures taken to meet conditions set by the International Monetary Fund (IMF) and other lenders. While progress is visible, economic stability is still a long way off. Foreign exchange reserves have increased, remittances are rising, and exports have grown. The trade deficit has […]
Pakistan Climate Change and COP29 By: Muhammad Zahid Rifat on November 21, 2024Climate change is one of the most significant environmental challenges facing the world. Greenhouse gas (GHG) emissions resulting from human activities, particularly fossil fuel consumption and deforestation, have increased the concentration of these gases in the atmosphere, leading to irreversible damage to natural resources and ecosystems. Climate change is expected to devastate the world’s poor, […]
Global Interest Rates Lowering; Why? By: Juan Abbas on November 21, 2024The Global Economy has seen much turbulence in the past 4 years. Irrational decisions made in 2020, made it difficult for a speedy recovery, for economies around the world, especially the underlying strength in emerging economies before the Pandemic. The Federal Reserve, as well as the European Central Bank, set the precedent early on for […]
Karachi-Chittagong ports connectivity By: Ibrahim Khalil Ahasan on November 21, 2024On November 11, a direct cargo ship from Karachi, Pakistan, arrived in the port of Chittagong, Bangladesh, establishing the first-ever direct maritime connection between the two nations. This was a huge step to strengthen the connections. The Bay of Bengal, the Indian Ocean, and the Arabian Sea bind Bangladesh and Pakistan, who are close neighbors. […]