GDA governing body approves projects for Gwadar By: Agencies on June 28, 2023The Gwadar Development Authority (GDA) approved a budget of Rs. 33.8 million for the feasibility study of a residential colony for fishermen in Gwadar. Last year, during his visit to Gwadar, Prime Minister Muhammad Shehbaz Sharif approved the allocation of 200 acres of land for the construction of the residential colony for local fishermen. The […]
‘Unlikely’ ECB can say whether rates have peaked soon: Lagarde By: APP on June 28, 2023European Central Bank president Christine Lagarde said Tuesday it was “unlikely” policymakers could state soon when interest rates had peaked as they battle stubbornly high inflation, and pledged yet another hike in July. “It is unlikely that in the near future the central bank will be able to state with full confidence that the peak […]
Brazilian analysts upgrade GDP’s growth forecasts By: xinhua on June 28, 2023Brazilian financial analysts raised their projected GDP expansion in 2023 from 2.14 to 2.18 percent, the seventh consecutive weekly upgrade, and upped the 2024 forecast from 1.20 to 1.22 percent, the Central Bank of Brazil said Monday. Analysts lowered the forecast inflation for the year from 5.12 to 5.06 percent, and for next year, from […]
IMF AIMS AT ‘QUICKLY’ REACHING AN AGREEMENT WITH PAKISTAN: Ray of Hope By: Agencies on June 28, 2023International Monetary Fund’s Mission Chief to Pakistan Nathan Porter has said that discussions with Pakistani authorities are underway “with the aim of quickly reaching an agreement on financial support from the IMF”. “Over the past few days, the Pakistani authorities have taken decisive measures to bring policies more in line with the economic reform programme,” […]
Pakistan looking for release of all $2.6bn stalled funds By: Agencies on June 28, 2023Finance Minister Ishaq Dar has said that the government is looking for a mechanism to receive all $2.6 billion stalled funds from the International Monetary Fund (IMF). Speaking to a private TV channel on Tuesday, he said that the nation will soon hear “good news” regarding stalled bailout package as the “next one or two […]
Trial of civilians in military courts yet to start, SC told By: APP on June 28, 2023Attorney General for Pakistan (AGP) Mansoor Usman Awan on Tuesday, submitting details of 102 accused who were in military custody in connection with the May 9 riots of May 9, informed the Supreme Court that they were being provided all basic facilities. A six-member bench headed by Chief Justice of Pakistan Umar Ata Bandial and […]
Clarion call for Ummah’s unity in Hajj sermon By: APP on June 28, 2023Sheikh Yusuf bin Muhammad bin Saeed on Tuesday made a clarion call for the Muslim Ummah to forge unity and cohesion among their ranks to reap the benefits in this world and the Hereafter. It would surely lead to salvation of the Ummah in addition to averting any discords or divisions, he said while addressing […]
China invites Netanyahu as US-Israel ties get tense By: Agencies on June 28, 2023Israeli Prime Minister Benjamin Netanyahu said on Tuesday he had been invited to China and his office had informed close ally the United States about the planned trip to Beijing. The announcement comes during tense ties between Israel and the US, whose President Joe Biden failed to invite Netanyahu for a visit after the Israeli’s […]
Tareeen to be IPP’s PM slot candidate By: Agencies on June 28, 2023Istehkam-e-Pakistan Party (IPP) President Abdul Aleem Khan, while declaring the imminent end of Pakistan Tehreek-e-Insaf (PTI), expressed his belief that not only himself but the entire nation has been deceived, a private TV channel reported. In an interview with a private TV channel, he said that his party would contest forthcoming elections against all parties. […]
ATC extends Imran’s bail in May 9 cases By: APP on June 28, 2023An anti-terrorism court (ATC) on Tuesday extended the interim bail of Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan in three different cases related to the May 9 riots, including Jinnah House attack case, till July 7. ATC Judge Ijaz Ahmad Buttar conducted the proceedings on the bail petitions of the PTI chairman. Imran Khan along with […]