ISLAMABAD: Finance Minister Miftah Ismail has rejected rumors about Pakistan’s likely failure in repayment of international loans. Ismail, while talking to a think tank in the UAE expressed hope that the country will receive more dollars in the upcoming few weeks. This will help in the improvement of the exchange rate. He said that a […]
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Depression moved towards southwest of Karachi
KARACHI: The Depression over the Northeast Arabian Sea, weakened this morning into a well-marked low-pressure area (WML) after it moved nearly westward during the last 12 hours, now lies over central parts of the North Arabian Sea, southwest of Karachi, the Met Office said on Monday. The maximum sustained surface wind of the low-pressure area […]
Airlift shuts down services in Pakistan
Airlift — one of Pakistan’s top startups — announced on Tuesday it is shutting down permanently, according to the online publication report Deal Street Asia. The Lahore-based instant-delivery startup will permanently shut down from July 13. “While the global recession and recent downturn in capital markets have affected economic activity across the board, it has […]
Saudi prince MBS to visit Pakistan on PM Shehbaz’s invitation
ISLAMABAD: Prime Minister Shehbaz Sharif has invited the Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud to visit Pakistan which he accepted. The prime minister extended the invitation over a telephonic call with Saudi Crown Prince MBS wherein he also conveyed good greetings to the Arab country’s head on Eidul Adha. The prime […]
Ilhan Omar considers it mandatory to raise Kashmir issue in US Congress
LAHORE: After seeing victims of Indian ceasefire violations and seeing them suffer, US Congresswoman Ilhan Omar said that raising the Kashmir issue in Congress has become more necessary than before. Talking to a reporter at a hotel about her stance on Kashmir and Palestine, Omar said: “Having met the Kashmiri people in Azad Jammu and Kashmir (AJK), […]
PM Shehbaz directs to curtail power outages by next month
LAHORE: As the country goes through mass load-shedding, Prime Minister Shehbaz Sharif ordered the concerned department to cut down power outages by the next month. The order came during PM Shehbaz Sharif’s visit to different departments during a busy tour of Lahore on weekly off-day Sunday. The PM also held consecutive meetings and took notice […]
Pakistan has not defaulted in 70 years, it won’t in future either: Miftah Ismail
WASHINGTON: After his meetings with the International Monetary Fund (IMF), Finance Minister Miftah Ismail confirmed the nation that Pakistan has “not defaulted” in its over 70-year history and will not do so in the future either. Addressing a press conference alongside State Minister for Finance and Revenue Dr Aisha Ghaus Pasha, Miftah said that dealings […]
PML-N to go to court over oath crisis
LAHORE: PML-N is to approach the Lahore High Court against Punjab Governor Omer Sarfaraz Cheema’s refusal to administer oath to the newly elected Chief Minister Hamza Shehbaz. The publication stated that the decision was made at the party’s core committee meeting where party leaders discussed the issue with constitutional experts. Sources said that the meeting […]
US wants to collaborate with new Pakistan government on regional, international issues
US State Department spokesperson Ned Price on Tuesday said the United States wants to collaborate with the new government of Prime Minister Shehbaz Sharif on regional and international issues. The latest statement by the US government is of utmost important as ex-prime minister Imran Khan had repeatedly blamed the US for backing the joint Opposition […]
Election tribunal hearing on recounting of votes in NA 196
JACOBABAD: An election tribunal on Monday heard petition of recounting of votes in the constituency of former federal minister Muhammad Mian Soomro. “If your party has tendered resignation,” Justice Muhammad Junaid Ghaffar questioned the counsel of Soomro. “The matter will be wind up if the resignation has been given,” Justice Junaid Ghaffar said. The election […]