Pakistan says IMF cut its inflation forecast for the country for this year to 9.5%
The International Monetary Fund has lowered its inflation forecast for Pakistan for the current year by 3.2 percentage points to 9.5%, the country’s finance minister said on Thursday. The IMF’s revised projection bring it closer to Pakistan’s own projections, Finance Minister Muhammad Aurangzeb said. He said there was no need to introduce a mid-year budget, […]
Read MorePakistan, Saudi Arabia sign MoUs valuing $2.2bn in multiple sectors
Pakistan and Saudi Arabia signed 27 memorandums of understanding (MoUs) worth $2.2 billion in various sectors on Thursday. Last night, a high-powered Saudi delegation led by its Minister for Investment Sheikh Khalid Bin Abdul Aziz Al Faleh arrived in Islamabad on a three-day official visit. Prime Minister Shehbaz Sharif, Al Faleh and Chief of Army […]
Read MoreBomb attack on convoy of foreign diplomats in Pakistan, 1 killed
There has been a bomb attack on the convoy of foreign diplomats in Pakistan. One police officer was killed and 3 others were injured. However, there are diplomats from 12 countries in the convoy, but all of them are safe. In a report, Dawn News reported that the diplomats were traveling to a tourist area […]
Read MorePakistan using ‘terrorism, proxy war’ to stay relevant, says India PM Modi
NEW DELHI: Indian Prime Minister Narendra Modi said on Friday (Jul 26) that Pakistan is trying to stay relevant through “terrorism” and “proxy war” but its “unholy plans” will never succeed. The nuclear-armed South Asian neighbours share an uneasy relationship and India has, for decades, accused Pakistan of backing militants fighting its rule in Kashmir, […]
Read MorePakistan’s finance minister in Beijing to seek debt relief, say sources
By Asif Shahzad ISLAMABAD, July 25 (Reuters) – Pakistan’s Finance Minister Muhammad Aurangzeb arrived in Beijing on Thursday for talks on power sector debt relief alongside structural reforms suggested by the International Monetary Fund, two government sources said. He held a meeting with his Chinese counterpart in Beijing, they said, and is leading a delegation, […]
Read MoreTajik airline launches flights to Pakistan amid push for trade and connectivity with Central Asia
ISLAMABAD: A private airline from Tajikistan launched its flight operation to Pakistan on Thursday by transporting 14 passengers from Dushanbe to Islamabad amid efforts to enhance trade and people-to-people contacts between Pakistan and Central Asian Republics. Pakistan’s push for enhanced regional connectivity with Central Asia aims to unlock mutual economic opportunities, particularly in energy, trade […]
Read MorePakistan PM declares day of mourning after Raisi death
Pakistan’s Prime Minister Shehbaz Sharif declared a day of mourning after Iranian media reported that president Ebrahim Raisi had died in a helicopter crash. “Pakistan will observe a day of mourning and the flag will fly at half mast as a mark of respect for President Raisi and his companions and in solidarity with Brotherly […]
Read MoreWhy Kyrgyzstan hostels housing Indian, Pakistani students were targeted
By Abhishek De Kyrgyzstan’s capital, Bishkek, has been on the boil over the last couple of days, with violent mobs targeting hostels housing students from India, Bangladesh and Pakistan. Three Pakistani students have been reportedly killed in the violence, prompting Islamabad and New Delhi to issue advisories for its nationals in Kyrgyzstan. Local reports said the […]
Read MoreCost of doing business with Iran? US warns Pakistan of sanctions risk
By Abid Hussain Islamabad, Pakistan – The United States has warned Pakistan of the risk of sanctions after it promised greater security and economic cooperation with Iran during a visit by President Ebrahim Raisi. The first Iranian president to visit the South Asian country in eight years, Raisi concluded his three-day trip on Wednesday as […]
Read MorePakistan on the way to another ‘Dhaka tragedy’: Imran Khan
Along with the economic crisis, the country’s political crisis is on the way to extreme deterioration in Pakistan. Imran Khan, the former Prime Minister of the country, has warned that Pakistan may be led to another “Dhaka tragedy” in this situation. At the same time, he also warned that the country cannot survive without a […]
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