Pakistan in midst of economic crisis, says UN body

ISLAMABAD: The ‘Trade and Development Report 2019’ released by the United Nations on Thursday says that Pakistan’s economic crisis has not been resolved despite the fact that support from China and Saudi Arabia and a large IMF loan have helped address the immediate problem. In a brief comment on Pakistan in the Asia section, UNCTAD’s annual flagship […]

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Projects worth Rs142bn approved

ISLAMABAD: The Central Develop­ment Working Party (CDWP) of the Planning Commission on Tuesday cleared 13 development projects worth Rs142.5 billion including five renewable energy projects in Punjab, while Karachi urban mobility project was referred to Ecnec. The CDWP approved seven projects worth Rs10bn and recommended six mega projects worth Rs132.5bn to Ecnec. It recommended the […]

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China GDP growth slows to 27-year low as trade war bites, more stimulus seen

China’s economic growth slowed to 6.2 per cent in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting United States trade pressure. While more upbeat June factory output and retail sales offered signs of improvement, some analysts cautioned the gains may […]

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Despite losses, Pakistan’s rivalry with India is always spicy

KARACHI: What do Imran Khan, Aamir Sohail, Wasim Akram, Waqar Younis, Shahid Afridi and Misbah-ul-Haq have in common? They were all captaining the country when Pakistan lost to India in a World Cup fixture. Sydney (1992), Bangalore (1996), Manchester (1999), Centurion (2003), Mohali (2011) and Adelaide (2015) have been the six venues where India prevailed […]

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Taliban leader indicates no ceasefire anytime soon

Kabul: The Taliban are unlikely to call a ceasefire any time soon, the group´s leader indicated Saturday, though he said the “doors of dialogue” with the US remain open. The rare message from Haibatullah Akhundzada comes after a sixth round of US-led talks ended last month in Qatar with little sign of progress and amid […]

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Dust storm, lightning and rain kill 35 in India

Thunderstorms swept across western India killing at least 35 people and leaving widespread damage, officials said on Wednesday. Strong winds barrelled through Rajasthan, Gujarat and Madhya Pradesh states felling walls, trees and electricity lines. The storms have also been blamed for at least 25 deaths in Pakistan this week. At least 10 people were killed in the […]

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Growers need support price to switch back to cotton

Following a year-on-year decline in the acreage and output of the cotton crop, the government is taking immediate measures to arrest the trend and enhance the production of the silver lint. The cash crop is witnessing a gradual decline in production since 2005 due to a fall in the acreage, water shortage, poor-quality seed and […]

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Former Chelsea, Real Madrid star Nicolas Anelka expected in Pakistan on Tuesday

http://https://youtu.be/SwgwXOhpz50 Former Chelsea, Real Madrid and France striker Nicolas Anelka will visit Islamabad on Tuesday to meet the president of the Pakistan Football Federation (PFF), Syed Ashfaq Shah, and to “reinforce the development of a 20-point agenda to uplift football in Pakistan”. Anelka’s visit to the capital comes as part of the World Soccer Stars […]

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DG ISPR reiterates ‘talks, not war’ proposal to India, distances Pakistan from Pulwama

http://https://youtu.be/BqDe4T5qyBwDirector General (DG) Inter-Services Public Relations (ISPR) Maj Gen Asif Ghafoor on Friday highlighted a pattern of “staged” incidents taking place in India and occupied Kashmir whenever Pakistan is “moving towards stability”, and reiterated Prime Minister Imran Khan’s proposal of talks to Delhi. The DG ISPR, while addressing a press conference in Rawalpindi today, predominantly spoke about […]

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ECC wants expedited utilities provision at special economic zones

ISLAMABAD: Amid poor availability of basic facilities hampering special economic zones (SEZs), the Economic Coordination Committee (ECC) of the Cabinet on Monday ordered plans within 30 days to ensure provision of electricity and gas utilities and cutting down by half the processing time for investment proposals. The ECC meeting presided over by Minister for Finance […]

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