SBP jacks up policy rate to record 22% amid IMF talks By: APP on June 27, 2023The State Bank of Pakistan, on Monday, decided to raise the policy rate by 100 bps to 22 percent for keeping real interest rate firmly in the positive territory amid recent developments. The decision, effective form 27th June 2023, was taken in an emergency meeting of Monetary Policy Committee (MPC) convened here to review the […]
Military court trials: seven-judge SC bench dissolved, once again By: APP on June 27, 2023The seven-member Supreme Court bench hearing cases pertaining to trial of civilians in army courts was dissolved again on Monday after Justice Mansoor Ali Shah recused himself from it. The Federal Government through Attorney General for Pakistan Mansoor Usman Awan had raised an objection on Justice Shah for being part of the bench. As the […]
PSX goes bullish in hope of IMF deal By: APP on June 27, 2023The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 1,371.78 points on Monday, a positive change of 3.42 per cent, closing at 41,437.10 points against 40,065.32 points the previous day. A total of 226,821,151 shares were traded during the day as compared to 136,899,866 shares the previous day, whereas the […]
Huge crowds swarm from Makkah for Haj climax By: Agencies on June 27, 2023Hundreds of thousands of pilgrims walked or rode buses Monday to a giant tented city near Makkah for the climax of the annual Haj that Saudi officials say could break attendance records. After performing the ritual circumambulation of the Holy Kaaba, worshippers set off for Mina, about seven kilometres away, in suffocating heat. Pilgrims in […]
Bill limiting disqualification to five years signed into law By: Agencies on June 27, 2023Interim President Sadiq Sanjarani on Monday signed into law a bill seeking amendments to Section 232 (Qualifications and Disqualifications) of the Election Act, 2017, a private TV channel reported. Senate Chairman Sanjrani, who assumed the role of acting president a day earlier as President Arif Alvi left for Saudi Arabia to perform Hajj, signed the […]
FO summons US envoy over India joint statement By: Agencies on June 27, 2023The US Deputy Chief of Mission was called to the Ministry of Foreign Affairs Monday evening and a demarche was made to him regarding the US-India Joint Statement, issued on June 22, 2023. According to a Foreign Office statement, Pakistan’s concerns and disappointment at the unwarranted, one-sided and misleading references to it in the Joint […]
Chinese university offers scholarships for Pakistani students: All the details By: Web Desk on June 27, 2023The Nanjing University of Information Sciences and Technology (NUIST) is offering fully funded scholarships in the areas of Climate Change and Environmental Governance in an effort to aid Pakistani students in developing their research capacity to combat the climate crisis. Professor Dr. Tong Jiang of NUIST, who also serves as the executive director of the […]
With eyes on Russia, Germany ready to station troops permanently in Lithuania By: Agencies on June 27, 2023Berlin is ready to station a 4,000-strong army brigade in Lithuania permanently in coordination with NATO defence planning following Russia’s invasion of Ukraine, the German defence minister said on Monday. “Germany stands by its commitment as a NATO member, as Europe’s biggest economy, to stand up for the protection of the eastern flank,” Boris Pistorius […]
GB unveils Rs116 bn budget for FY 2023-24 By: APP on June 27, 2023More than 24 crore rupees have been allocated for the sector irrigation, 1 billion 33 crores for physical planning and housing, 3 billion 46 crores for the communication system and 28 crore 53 lakh have been proposed for IT. Earlier, the Gilgit-Baltistan cabinet meeting was held in Gilgit, and Chief Minister Khalid Khurshid presided over […]
North Korea holds rallies denouncing US, warns of nuclear war By: Agencies on June 27, 2023North Korea held mass rallies in Pyongyang where people shouted slogans vowing a “war of revenge” to destroy the United States, as it marked the 73rd anniversary of the outbreak of the Korean War, state media reported on Monday. About 120,000 working people and students took part in the rallies held across the capital on […]