KSA rolled over $5 billion for three years, SBP Governor
Due to rollover, Pakistan’s gross external financing requirements have come down to $21.5 billion for…
KSA rolled over $5 billion for three years, SBP Governor
Due to rollover, Pakistan’s gross external financing requirements have come down to $21.5 billion for the fiscal year Pakistan’s external sector pressure subsided after Saudi Arabia rolled over a $5 billion debt for three years, coupled with $9b in foreign currency purchases from the local market in the last fiscal year, State Bank of Pakistan Governor Jameel…
Chawinga sisters sparkle as Malawi stun Nigeria
Temwa Chawinga scored twice for Malawi in a stunning WAFCON victory over Nigeria. Photo: AFP JOHANNESBURG: Sisters Temwa and Tabitha Chawinga starred as rank outsiders Malawi stunned defending champions Nigeria 3-2 on Tuesday in a Women’s Africa Cup of Nations (WAFCON) Group C match in Morocco. Temwa, who plays for United States club Kansas City Current, scored twice and…
CONCACAF ‘deeply concerned’ by FIFA plans
PARIS: CONCACAF said Wednesday it was “deeply concerned by the lack of due process” in FIFA’s plans to sell a stake in the business operations of the World Cup and other competitions. World football’s governing body said Tuesday it would retain a majority share in FIFA Forward Enterprise (FFE) but hoped to raise $4.2 billion…
PTI rejects AJK polls, seeks judicial inquiry into violence
Demands fresh single-phase polls under an independent election commission, cancellation of remaining phases PTI Chairman Barrister Gohar Ali Khan addresses a press conference alongside former Azad Jammu and Kashmir (AJK) prime minister Sardar Qayyum Niazi (left) on Wednesday. SCREENGRAB The Pakistan Tehreek-e-Insaf on Wednesday rejected the recent elections in Azad Jammu and Kashmir (AJK), calling…
SAPM to lead $5b Turkey trade push
ISLAMABAD: Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan has reaffirmed the government’s commitment to private-sector-led economic growth, describing the Islamabad Chamber of Commerce and Industry’s (ICCI) Business Opportunity Conference in Istanbul on August 13 as a timely initiative to raise bilateral trade with Turkey to $5 billion, according to…
AJK police say JAAC working under ‘specific agenda’, accuse protesters of using automatic weapons
Says recent clashes left one Rangers official dead and around 15 police and law enforcement officers injured AJK police spokesperson SSP Khawar Ali Shaukat addressing a press briefing in Rawalakot. SCREENGRAB Azad Jammu and Kashmir (AJK) Police spokesperson Senior Superintendent of Police (SSP) Khawar Ali Shaukat on Wednesday said the proscribed Joint Awami Action Committee…
AJK Election Commission notifies results of first phase Assembly polls
PML-N leads with nine seats, PPP secures four seats in the first phase of the AJK Legislative Assembly elections A picture showing the branch of the Azad Jammu and Kashmir Election Commission—FILE PHOTO The Azad Jammu and Kashmir Election Commission on Wednesday formally notified the results of all 13 constituencies of Mirpur Division, confirming a…
PM removes hurdles to refinery policy
Policy amendments clear way for investment of billions of dollars in upgrading plants ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday approved amendments to the Brownfield Refinery Policy, removing key bottlenecks that had delayed its implementation and paving the way for billions of dollars in investment to modernise Pakistan’s refining sector. The approval came during a…
AI race redraws Asian air cargo, replacing e-commerce as growth engine
A China Airlines Cargo plane taxis at the Taiwan Taoyuan International Airport in Taoyuan, Taiwan. Photo: Reuters The global race to build artificial intelligence is redrawing Asia’s air cargo map, prompting airlines to redesign networks around growing semiconductor manufacturing hubs as cross-border e-commerce loses momentum. Unlike the post-pandemic parcel boom, demand tied to AI infrastructure is…
PM directs FBR to develop scientific method to assess tax potential to boost revenue
Orders immediate measures to make newly established Sky47 AI national data centre available to all govt institutions Prime Minister Shehbaz Sharif chairs a progress review meeting on implementation status of National Digital Vision in Islamabad. PHOTO: PMO Prime Minister Shehbaz Sharif on Wednesday directed the Federal Board of Revenue (FBR) to develop a comprehensive and…
