Global economic growth to moderate slightly this year amid rising risks: IMF Chief

International Monetary Fund (IMF) has expressed the hope that global economic growth this year will remain moderate slightly as the risks to a balanced global recovery have become even more pronounced. IMF Managing Director Kristalina Georgieva in an interview said the most immediate obstacle is the 'Great Vaccination Divide' leaving too many people unprotected from COVID. She said economic output...

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Dengue prevention activities intensified across Punjab: Secretary Health

In Punjab, dengue prevention activities have been intensified across the province to eradicate dengue larvae and their breeding. In a statement today (Friday), Punjab Secretary Primary and Secondary Health Care, Imran Sikandar Baloch said during the last 24 hours, 181 dengue patients were reported from across the province. He said so far this year, 1840 confirmed cases of dengue have...

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PM congratulates nation on FBR’s achievement of collecting Rs1395b in first quarter

Prime Minister Imran Khan has congratulated the nation on FBR's achievement of collecting 1395 billion rupees in the first quarter of current fiscal year against the target of 1,211 billion rupees. In a tweet today (Friday), he said this represents a growth of thirty-eight percent in revenues over the same period last year.

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Increase in petroleum prices caused by higher oil prices in Int’l market: Tarin

Minister for Finance Shaukat Tarin says the increase in petroleum prices is caused by the higher oil prices in international market. Talking to media along with Minister of State for Information and Broadcasting Farrukh Habib in Islamabad on Friday, he said the government passed on minimum increase in the prices to the consumers. The Minister said the government absorbed the...

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MoU Signing Ceremony with NIMA held at PMSA

A memorandum of understanding (MoU) regarding the research and academic collaboration between the National Institute of Maritime Affairs and the Pakistan Maritime Security Agency, was signed. The documents were duly endorsed with the signatures of Director-General NIMA Vice Admiral (Retd) Abdul Aleem HI (M) and Director General PMSA Rear Admiral Shouaib Khattak HI (M). The MoU would enhance the cooperation...

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Pakistan Navy celebrated World Maritime Day (WMD) 2021 in harmonization with International Maritime Organization (IMO). The theme of WMD for this year is 'Seafarers at the Core of Shipping's Future' is aimed to pay tribute to professionalism and resilience of seafarers in continuing vital global supply chains during ongoing challenges. Chief of the Naval Staff Admiral Muhammad Amjad Khan Niazi...

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GulHameed Oceans have provided opportunities to connect with far off lands and conduct trade activities. Today, 80% of global trade by volume takes place through sea routes. This large scale trade activity owes greatly to the services of seafarers facing perils of the ocean. This year COVID-19 has held sway, with countries imposing travel restrictions and lockdowns. This has severely...

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The International Maritime Organization (IMO) celebrates World Maritime Day annually for highlighting the contribution of maritime industry in global economy.Each year, a specific theme related to maritime affairsis chosen for World Maritime Day. This year’s theme, “Seafarers: at the core of shipping future” is directed to spread awareness and pay gratitude to the endeavors of seafarers. Shipping industry is responsible...

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PM vows to accelerate pace of work on CPEC projects

Prime Minister Imran Khan has vowed to accelerate pace of work on projects being executed under the umbrella of multi billion dollars China-Pakistan Economic Corridor (CPEC) project. He was addressing a ceremony in connection with the inauguration of Matiari to Lahore 600 KV transmission line completed under the CPEC, in Islamabad on Thursday. The Prime Minister pointed out that the...

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North Korea fires unidentified projectile, criticizes US ‘hostile’ policy

North Korea fired an unidentified projectile towards the sea off its east coast on Tuesday. Japan's defence ministry said it appeared to be a ballistic missile. The announcement came just before North Korea's Ambassador to the United Nations Kim Song urged the United States to give up its hostile policy towards Pyongyang. He said no one can deny his country's...

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FM urges Int’l community to engage with new reality in Afghanistan

Foreign Minister Shah Mahmood Qureshi has once again urged the international community to engage with the new reality in Afghanistan and unfreeze the assets to avert a humanitarian crisis. In an interview with Al-Jazeera TV, the Foreign Minister said there is a humanitarian crisis in the making and there can be ways and means to ensure that the money reach...

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Chehlum of Hazrat Imam Hussain (RA) being observed with due solemnity today

Chehlum of Hazrat Imam Hussain (RA) and his devoted companions is being observed with due solemnity on Tuesday. To pay tribute to martyrs of Karbala, mourning processions will be taken out in all small and major towns of the country. Strict security arrangements have been made to avert any untoward situation.

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Turkey may buy more Russian missiles: Erdogan

Turkish President Recep Tayyip Erdogan says his country is considering buying a second Russian missile system despite strong objections by the United States. In an interview with American broadcaster CBS News, Erdogan said Turkey would make decisions on its defence systems independently. Earlier, talking to journalists before departing New York, Erdogan said Turkey would buy new missile defence systems if...

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Germany’s Social Democratic Party wins most seats in elections

In Germany, Social Democrats have narrowly won the federal elections and have claimed a clear mandate to lead a government for the first time since 2005. The possible government of SDP will bring to an end 16 years of conservative-led rule under Angela Merkel. The SPD secured 25.7 percent of the vote, while the ruling conservative bloc gained 24.1 percent.

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Rs2b being released to further upgrade cyber security system: Rashid

Minister for Interior Sheikh Rashid Ahmad has said that funds of two billion rupees are being released to further upgrade the cyber security system. Addressing a presser in Islamabad on Monday, the Interior Minister said this will help induct technical people for the cyber security. He pointed out that there has been an increase in cyber threats with about one...

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Steps being taken to facilitate businessmen: President

President Dr. Arif Alvi has said that steps are being taken to facilitate the businessmen and the industrial sector by providing them an enabling environment to expand economic and commercial activities in the country. The President made these remarks while talking to a delegation of the Jhang Chamber of Small Traders and Small Industry led by President JCST&SI, Liaqat Ali...

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PM performs groundbreaking of KCR project

Prime Minister Imran Khan performed the groundbreaking of Karachi Circular Railway (KCR) project worth 20.7 billion rupees in Karachi on Monday. Addressing the ceremony, the Prime Minister said federal and provincial governments will have to work jointly to address issues of Karachi. He said water shortage is a big challenge of Karachi and K-4 project will help resolve this issue....

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