Islamabad: The International Monetary Fund (IMF) has deposited $1.2 billion into the State Bank of Pakistan’s (SBP) account, boosting the cash-strapped nation’s hope for economic...
BEIJING: Ahsan Iqbal, the Minister of Planning, Development, and Special Initiatives has said that Pakistan is eager to move the China Pakistan Economic Corridor (CPEC) into its next phase with greater vigour and hopes that the benefits of the CPEC will benefit not only China and Pakistan but the entire region. After the 12th Joint Cooperation Committee (JCC) of the CPEC meeting in Beijing, Ahsan Iqbal gave an interview to the Global Times. Iqbal, who has a wealth of knowledge and a lengthy history with the CPEC, expressed his shock at how far the project has come in just ten years. The beauty of the CPEC is that it is a project between two countries that enjoy a very...
MULTAN: On Thursday, Prime Minister Shehbaz Sharif urged that public welfare projects be completed as quickly as possible and emphasised that such initiatives should not be politicised for the benefit of the public. Speaking while on a tour of the 500 bed Nishtar Hospital II, which is still under construction, he claimed that the public welfare projects experienced a significant setback under the previous administration. The prime minister expressed his delight with the pace of the hospital’s construction but regretted that phase II of Nishtar Hospital’s building was abandoned while Imran Khan was prime minister. He said that the huge patient population in the city and surrounding areas was impacted by the non-implementation of the development projects. He expressed confidence that under the supervision of Interim Chief Minister Mohsin Naqvi, the expansion of hospital would be completed...
Pakistan has reiterated its determination to communicate with Afghanistan on all matters of cooperation and concern, including those pertaining to potential terrorist attacks, according to Islamabad. Foreign Office Spokesperson Mumtaz Zahra Baloch urged the Afghan authorities to keep their word that their country’s soil will not be used for terrorism against Pakistan during her weekly news briefing on Thursday in Islamabad. She said that Afghan officials have repeatedly acknowledged that it is their duty to guarantee that their soil is not exploited against Pakistan. On the situation in the Indian illegally occupied Jammu and Kashmir, Mumtaz Zahra Baloch said since 5th August 2019, over seven hundred...
ISLAMABAD: Senator Muhammad Talha Mahmood, the federal minister for religious affairs and interfaith harmony, stated on Thursday that the media should play a positive role in promoting a culture of tolerance and interfaith harmony because the government is committed to offering full support to promote religious tourism in the nation. Speaking to the media, he stated, “Media platforms have a significant impact on people’s lives and should try to propagate the voice of moderation and tolerance against hate speech and extremism. Without promoting the true spirit of fraternity, unity, solidarity, and coexistence, regardless of faith and the diversity of civilizations, he continued, “there is no stability in our existence.” Replying to a question, he said Islam is a religion of peace as it turned enemies into brotherly friends and preaches love among...
ISLAMABAD: Senator Irfan Siddiqui of the Pakistan Muslim League-Nawaz (PML-N) stated on Thursday that his organization’s leadership firmly believed in the constitution’s supremacy and emphasised the need to simplify laws for the general public in order to deliver quick and straightforward justice for everybody.In a statement to the media, he stated that “law should be applied equally to all people” and that “PTI should be held accountable for its anti-state acts over the past few days.” “Democracy can only advance if the anti democratic forces in a country are brought to justice, and the courts should administer justice impartially,” he continued. Replying to a question, he replied that all cases against Imran Khan are based on facts, adding, the scale of...
Gul Bar Khan, the head of Pakistan Tehreek-e Insaf’s (PTI) forward bloc, was chosen as the new chief minister of Gilgit Baltistan on Thursday, days after controversies clouded the election for the position. Gul Bar was elected without opposition after receiving 19 votes from the 20 members who were present in the house and after three other candidates withdrew their nominations. Nawaz Khan Naji, an independent legislator, voted against the new CM, which was supported by lawmakers from the Pakistan Peoples Party (PPP) and Pakistan Muslim League-Nawaz (PML-N). The PTI’s “like-minded group” of 11 people boycotted the election, alleging fraud. The election for the coveted post was triggered after the region’s top court disqualified former CM Khalid Khursheed...
KARACHI: A recent research released by the Economist Intelligence Unit on Wednesday categorises Pakistan as being “highly” susceptible to the effects of climate change. The climate would continue to be the key factor driving societal changes and policy-making in the near future, according to the report “The climate change crisis: Understanding the trends affecting an unpredictable future.” It further highlights the necessity for affluent countries to give poorer countries more aid because they are more vulnerable to the negative effects of global climate change. The UN Intergovernmental Panel on Climate Change forecasts, which show how Africa’s developing nations will experience the worst effects of irreversible climate change repercussions, are highlighted in the report. Even if countries are able to meet the 2°C target regarding global temperatures, the impacts of events like extreme storms,...
ISLAMABAD: The design of a balanced approach that might cut the cost of life-saving medications while simultaneously ensuring the expansion of the nation’s pharmaceutical industry was emphasised on Wednesday by Prime Minister Shehbaz Sharif. Speaking at the Pharma Export Summit and Awards (PESA-2023), he stated that the government was dedicated to both helping the pharmaceutical industry flourish and protecting the underprivileged on the one hand. Corporate executives from domestic and international pharmaceutical businesses as well as pharma specialists attended the event hosted by the Pakistan Pharmaceutical Manufacturers’ Association (PPMA). The nation’s pharmaceutical industry, according to the prime minister, is crucial to addressing medical demand. He paid tributes to the companies for propelling the export of medicines. Because of the steep rise in the cost of raw...
ISLAMABAD:President Dr Arif Alvi has rejected a representation filed by Bank Alfalah Ltd (BAFL) against the decision of Banking Mohtasib directing it to send an...
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