ISLAMABAD: The Asian Development Bank (ADB) on Friday approved two loans totaling $1.3 billion for budgetary support and key reforms in Pakistan. The ADB approved $1 billion in immediate budgetary support to Pakistan to “shore up the country’s public finances” and help strengthen a “slowing economy”, said a statement released by the bank. The quick dispersing Special Policy-Based Loan is...
ISLAMABAD: The Asian Development Bank (ADB) on Friday approved two loans totaling $1.3 billion for budgetary support and key reforms in Pakistan. The ADB approved $1 billion in immediate budgetary support to Pakistan to “shore up the country’s public finances” and help strengthen a “slowing economy”, said a statement released by the bank. The quick dispersing Special Policy-Based Loan is...
India's largest Muslim political groups are divided over how to respond to a Supreme Court ruling that favours Hindu's right to a disputed site 27 years after Hindu nationalist mobs tore down a 16th century mosque, an event that unleashed torrents of religious-motivated violence. The sharp split illustrates growing unease among India's Muslims, who are struggling to find a political voice as...
LOS ANGELES: A US sailor fatally shot two people and wounded a third at the Pearl Harbor Naval Shipyard in Hawaii on Wednesday before committing suicide, an official said. The two people killed were Department of Defense civilian employees, while a third civilian was wounded but "in stable condition at (an) area hospital," the official told AFP. A statement issued...
Crediting the finance ministry's reform efforts and the International Monetary Fund (IMF) programme, the in-charge of South Asia affairs at the US State Department, Alice Wells, on Wednesday welcomed Moody's revision in Pakistan's credit outlook. In a tweet shared by the State Department, Acting Assistant Secretary for South and Central Asia Wells added: "With bold economic reforms, Pakistan can boost...
KABUL: A Japanese doctor who spent decades working in Afghanistan was killed on Wednesday along with five Afghans in an attack in the east of the country, officials said. Tetsu Nakamura, 73, who headed Peace Japan Medical Services — known as Peshawar Kai in Japanese — was shot by gunmen while in a vehicle in Jalalabad in Nangarhar province. "Sadly,...
KARACHI: Advisor to Prime Minister on Finance and Revenue Abdul Hafeez Shaikh has said that the International Monetary Fund (IMF) has approved the release of second loan installment of Rs500 million to Pakistan. Addressing a press briefing here on Tuesday, the economist, who was accompanied by Federal Minister Hammad Azhar and FBR Chairman Shabbar Zaidi, said that the government's efforts...
AMMAN: Thirteen Pakistanis died on Monday after a fire broke out in their tin house in Southern Shuneh area, 45 km to the west of Amman, according to a statement by the Civil Defence Department in Jordan. Two Pakistani families live in the house which is located in one of the farms, the department said in the statement a copy...
KARACHI: Credit rating agency, Moody's Investors Services, on Monday revised upwards Pakistan's outlook from 'Negative' to 'Stable'. Moody's announced moving up Pakistan's outlook rating in a report released Monday, affirming a B3 rating for the country and confirming that the economy's future looks stable as opposed to negative earlier. The credit rating agency said it had positively revised the outlook in...
Foreign Minister Shah Mehmood Qureshi on Monday handed over an invitation from President Arif Alvi to the newly-elected Sri Lankan President Gotabaya Rajapaksa to visit the country, said Foreign Office (FO) spokesperson Dr Muhammad Faisal. In a tweet Faisal said Qureshi and the Sri Lankan President discussed bilateral issues, trade, investment and people to people contacts. https://twitter.com/DrMFaisal/status/1201413897166708736 The FO spokesperson...
HYDERABAD: Sindhi Cultural Day celebrated across the province today with rallies being taken out in different cities and towns. Each year, the inhabitants of Sindh in Pakistan and elsewhere celebrate Sindhi Cultural Day on the first Sunday of December. Donning cultural dresses with Sindhi topi and ajrak, the traditional block printed shawls to spotlight centuries-old rich culture of Sindh, people...
The government on Saturday night announced an across the board decrease in the prices of petroleum products for December. The decision was made keeping in view recommendations made by the Oil & Gas Regulatory Authority (Ogra) which had proposed the decrease to pass on the impact of lower international market rates. According to a notification issued by the finance ministry,...
LONDON: A man suspected of stabbing two people to death in a terror attack on London Bridge was a former prisoner convicted for terrorism offences and released last year, police said Saturday. Police identified the man, who was shot dead by officers after Friday's attack, as 28-year-old Usman Khan, saying they were not actively seeking any other suspects in relation...
KARACHI: The stocks witnessed an increase on Friday as the KSE-100 index crossed the 39,000-point mark after nine months, Newsone reported. According to details, the KSE-100 index gained 513 points to trade at over 39,200 points. On the other hand, Pakistani rupee gained 7 paisa against US dollar and was traded at Rs155.25. Earlier on Thursday, Pakistan Stock Exchange witnessed...
BAGRAM AIRFIELD: President Donald Trump made a surprise Thanksgiving visit to US troops in Afghanistan on Thursday and said he believed Taliban insurgents would agree to a ceasefire in America's longest war. Trump's visit was his first to Afghanistan since becoming president and came a week after a prisoner swap between Washington and Kabul that has raised hopes for a...
KABUL: Fifteen civilians, including eight children, were killed Wednesday when their vehicle hit a land mine in Kunduz province in northern Afghanistan, a government official said. "At around 5:00 pm this evening a mine planted by the Taliban hit a civilian car... killing 15 civilians and wounding two more," said Nasrat Rahimi, an interior ministry spokesman. Six women and a man...
Mullah Abdul Ghani Baradar, the deputy political chief and head of the political office of Taliban in Qatar met with Javad Zarif, the Foreign Minister of Iran. Suhail Shaheen, a spokesman for the political office of Taliban in Qatar said in a Twitter post that Mullah Baradar leading a delegation of Taliban leaders met with Mr. Zarif in Tehran on...
