Iran makes first import order using cryptocurrency By: Reuters on August 10, 2022Iran made its first official import order using cryptocurrency this week, the semi-official Tasnim agency reported. A move that could enable the Islamic Republic to circumvent U.S. sanctions that have crippled the economy. The order, worth $10 million, was a first step towards allowing the country to trade through digital assets. It bypasses the dollar-dominated […]
Two more grain ships sail from Ukraine, Turkey says By: Reuters/Web Desk on August 10, 2022ISTANBUL: Two more grain-carrying ships sailed from Ukraine’s Chornomorsk port, Turkey’s defence ministry said, as part of a deal to unblock Ukrainian sea exports. The United Nations and Turkey brokered the agreement last month. After warnings that the halt in grain shipments caused by the conflict could lead to severe food shortages. It even outbreaks […]
Russia launches Iranian satellite Amid Ukraine war concerns By: AFP/Web Desk on August 10, 2022ALMATY, Kazakhstan: An Iranian satellite launched by Russia blasted off from Kazakhstan and reached orbit amid controversy that Moscow might use it to boost its surveillance of military targets in Ukraine. As Russia’s international isolation grows following Western sanctions over its invasion of Ukraine, the Kremlin is seeking to pivot Russia towards the Middle East, […]
Joe Biden signs ratification of Finland, Sweden NATO Bids By: AFP/ Web Desk on August 10, 2022WASHINGTON: President Joe Biden signed US ratification of bids by Finland and Sweden to enter NATO, taking expansion of the Western alliance in response to Russia s Ukraine invasion one step closer. Biden said the two northern European countries would become “strong, reliable highly capable new allies” by making the “sacred commitment” to mutual defense […]
Joe Biden condemns killings of four Muslims in US city By: AFP/ Web Desk on August 8, 2022WASHINGTON: On Sunday, President Joe Biden deplored the killings of four Muslim men in New Mexico, which police say may be linked. “I am angered and saddened by the horrific killings of four Muslim men in Albuquerque,” the US president said on Twitter. “While we await a full investigation my prayers are with the victims’ […]
US declares monkeypox a public health emergency By: Reuters/Web Desk on August 5, 2022The United States declared monkeypox a public health emergency on Thursday. A move that should free up funds, assist in data gathering and deploy additional personnel in the fight against the disease. “We’re prepared to take our response to the next level in addressing this virus. And we urge every American to take monkeypox seriously […]
Pakistan proposes $1 trillion debt relief for developing countries By: APP/ Web Desk on July 15, 2022NEW YORK: Pakistan proposed on Thursday a debt relief of $1 trillion for debt-ridden developing countries, in addition to the establishment of a Global Debt Authority and an Independent Credit Rating Agency for the purpose. Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal also called for a “Marshal Plan” to mobilize unfulfilled Official […]
Pak-Bahrain close ties provide opportunities for deeper bilateral cooperation: PM By: Web Desk on July 9, 2022ISLAMABAD: On Saturday, Prime Minister Muhammad Shehbaz Sharif while reaffirming longstanding fraternal relations between Pakistan and Bahrain, highlighted that close ties provided significant opportunities for deeper bilateral cooperation in diverse areas, in particular promotion of bilateral trade and investment. The prime minister held a telephonic conversation with King Hamad bin Isa Al Khalifa of the […]
Indonesian Ambassador vows to promote bilateral trade, implementation of “Vision East Asia” policy By: APP on July 8, 2022ISLAMABAD: Ambassador of Indonesia to Pakistan, Adam Mulawarman Tugio, has said that Indonesia can play a significant role in providing economic and trade opportunities to Pakistan and connectivity with ASEAN’s potential market. “There is the need for mutual trade expansion with Pakistan beyond traditional products and focus on other sectors, and simultaneously for Pakistan to […]
Arrest of mastermind behind KU attack reflects importance Pakistan attaches to security of Chinese nationals: Experts By: APP on July 6, 2022BEIJING: Pakistan’s quick handling of the case of the attack on the Confucius Institute at the University of Karachi reflects the importance the country attaches to the security of Chinese nationals. The incident will not hinder the progress of China Pakistan Economic Corridor (CPEC) in Pakistan but instead will cement the joint efforts of China and […]