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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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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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Death anniversary of famous playback singer Masood Rana being observed today

The 26th death anniversary of famous playback singer Masood Rana is being observed on Monday. He was born in Mirpur Khas, Sindh in 1938. Masood Rana started his singing career on Radio Pakistan Hyderabad in 1955, while in films in 1962 by singin in film Inqalab. Masood Rana remained one of the top male singers in Urdu and Punjabi films...

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Legendary comedian Umer Sharif passes away

Renowned comedian Umar Sharif has passed away in Germany after protracted illness. He was 66. Born on 19th April 1955 in Liaquatabad area of Karachi Umar Sharif started his career as a stage artist at the age of 14 years. He introduced new trends in the comedy and earned popularity across the world. Because of his unmatched performance he was...

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UN Chief ‘shocked’ as Ethiopia expels 7 UN humanitarian officials

United Nations Secretary-General Antonio Gutters has expressed shock after the Ethiopian government announced the expulsion of seven senior UN humanitarian officials working in the strife-torn country. The UN Chief in a statement said that he has full confidence in the UN staff who are in Ethiopia doing this work. He said in Ethiopia, the UN is delivering lifesaving aid, including...

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WORLD MARITIME DAY-2021: SEAFARERS AT THE HEART OF SHIPPING

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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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: Polling for elections of lower house of the Parliament being held today

In Germany, polling for the elections of lower house of the Parliament, the Bundestag is being held on Sunday. Some 60.4 million Germans over the age of 18 are eligible to cast the vote to elect 598 member parliament. Pre-poll surveys show Merkel's conservative alliance led by Armin Laschet is slightly behind challenger Olaf Scholz's Social Democratic Party and is...

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Myanmar facing alarming prospect of escalating civil war: Michelle Bachelet

The United Nation's Human Rights Chief Michelle Bachelet has warned that Myanmar is facing the alarming prospect of an escalating civil war. Speaking at the United Nations Human Rights Council in Geneva, Michelle Bachelet said that time is running out for other countries to step up efforts to restore democracy and prevent a broader conflict. Bachelet urged countries to support...

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European Commission decides to maintain GSP+ status for Pakistan

The European Commission has decided to maintain the Generalized Scheme of Preferential Plus (GSP+) status for Pakistan. The Commission, in a statement, said it has introduced six new conventions related to providing facility to people with physical disability, tackling climate change and child labour. The Commission, which reviewed the status of several other countries along with Pakistan, said that talks...

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Beijing speeds up building digital trade demonstration zone

In recent years, Beijing has ramped up efforts to build a digital trade demonstration zone, attracting an array of major projects. These include Beijing International Big Data Exchange, China Beijing Environment Exchange (now China Beijing Green Exchange), Ueda Yagi Money Broking (China), the first entirely foreign-owned money broker in China and Allianz Insurance Asset Management, China’s first fully foreign-owned insurance...

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New Zealand unilaterally postponed cricket series with Pakistan

New Zealand has unilaterally postponed the cricket series with Pakistan. According to a statement issued by the PCB, New Zealand Cricket informed us they had been alerted to some security alert and have unilaterally decided to postpone the series. The PCB said that we had made foolproof security arrangements for all visiting teams. We assured the New Zealand Cricket of...

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Indonesia warns against arms race in region

Indonesia has warned that it is worried about an arms race in the region after Australia announced plans to acquire nuclear-powered submarines as part of a new Indo-Pacific security alliance with the United States and Britain. In a statement, the Indonesian foreign ministry said it is deeply concerned over the continuing arms race and power projection in the region. Earlier,...

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EU to donate another 200 mln COVID-19 vaccine doses

European Union says that it will donate another two hundred million COVID-19 vaccine doses to low-income countries, more than doubling its present pledge. In her annual State of the European Union address, European Commission President Ursula von der Leyen said that donation is an investment in solidarity. She recognized the disparity that has emerged between economically advanced countries such as...

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Martyrdom anniversary of Major Aziz Bhatti being observed today

The 56th Martyrdom Anniversary of Major Raja Aziz Bhatti Shaheed, Nishan-e-Haider, is being observed today. He was born in Hong Kong in 1928 and moved to Pakistan before independence in 1947, settling in Ladiyan village of district Gujrat. In 1950, he joined newly formed Pakistan Army and was commissioned in Punjab Regiment. During Indo-Pak War in September, 1965 as a...

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Death anniversary of Quaid-e-Azam Muhammad Ali Jinnah being observed today

The 73rd death anniversary of father of the nation Quaid-e-Azam Muhammad Ali Jinnah is being observed today (Saturday). In this connection, special ceremony of Quran Khawani and Fateha will be held at the mausoleum of Quaid-e-Azam in Karachi today. People from different walks of life will visit the mausoleum to lay floral wreath on his grave. Father of the nation...

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First international commercial flight under Taliban interim government departs Kabul

The first international commercial flight under Afghanistan's new Taliban interim government departed Kabul on Friday carrying more than 100 foreigners, including U.S. citizens. The flight marked an important step in the Taliban's efforts to create a functioning state after they seized power last month. Meanwhile, U.N. Special Envoy on Afghanistan Deborah Lyons informed the UN Security Council after Taliban seized...

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