IMF board approves $7bn Extended Fund Facility for Pakistan: PMO – Business
The International Monetary Fund’s board (IMF) on Wednesday approved a $7 billion Extended Fund Facility (EFF) for Pakistan, providing a critical boost to the country’s struggling economy. The development was announced by the Prime Minister’s Office (PMO) while a statement is expected from the IMF. The PMO said the premier expressed his satisfaction with the […]
IMF board approves $7bn Extended Fund Facility for Pakistan – Business
The International Monetary Fund’s board (IMF) has approved a $7 billion Extended Fund Facility (EFF) for Pakistan, providing a critical boost to the country’s struggling economy. As part of the 37-month programme, the IMF will immediately release an initial tranche of $1.1 billion. This is Pakistan’s 25th IMF programme since 1958 and its 6th under […]
Nuking a huge asteroid could save Earth, lab experiment suggests – World
Humanity could use a nuclear bomb to deflect a massive, life-threatening asteroid hurtling towards Earth in the future, according to scientists who tested the theory in the laboratory by blasting X-rays at a marble-sized “mock asteroid”. The biggest real-life test of our planetary defences was carried out in 2022, when Nasa’s fridge-sized DART spacecraft smashed […]
PM Shehbaz urges UN chief to implement Security Council resolutions on Indian-held Kashmir – Pakistan
Prime Minister Shehbaz Sharif on Wednesday called on UN Secretary-General Antonio Guterres to implement the relevant UN Security Council resolutions on Indian-held Kashmir and ensure Kashmiris’ right to self-determination during a meeting on the sidelines of the UN General Assembly in New York, Briefing the Secretary-General on the situation in Indian-held Kashmir, the premier underscored […]
‘Big threats on my life by Iran,’ Donald Trump claims – World
Former US president Donald Trump said on Wednesday that he has received threats to his life from Iran. “Big threats on my life by Iran. Moves were already made by Iran that didn’t work out, but they will try again,” the Republican presidential nominee said on Truth Social. He also said the entire US military […]
IHC grills govt on ISPR ‘assuming exclusive right’ to determine defence analysts – Pakistan
The Islamabad High Court’s Justice Babar Sattar has grilled the federal government on how the military’s media wing was assuming the “exclusive right” to decide who qualifies as a defence analyst, it emerged on Wednesday. The development came to light on Tuesday when the IHC issued an order about a case that challenged Pemra’s directives […]
Afghanistan wants to join Brics, says Taliban govt – World
Afghanistan’s Taliban government is keen to join the Brics economic forum, a spokesman said on Tuesday ahead of the group’s summit in Russia. The summit of emerging economies that includes Brazil, Russia, India, China, and South Africa will meet on October 22-24 in the southwestern Russian city of Kazan. “Countries with major resources and the […]
France minister vows new immigration ‘rules’ after student murder – World
France’s conservative interior minister on Wednesday vowed consequences after a Moroccan man suspected of murdering a 19-year-old university student and leaving her body in a Paris forest was arrested in Switzerland. A source close to the case, speaking to AFP, identified the alleged attacker as a 22-year-old man of Moroccan nationality. Prosecutors have said the […]
Bulls take control of PSX ahead of IMF board meeting – Business
Bulls regained control at the Pakistan Stock Exchange (PSX) on Wednesday as shares climbed more than 700 points in intraday trade, hours ahead of the International Monetary Fund (IMF) Executive Board meeting. The benchmark KSE-100 index climbed 728.71 points, 0.89 per cent, to stand at 82,212.35 points from the previous close of 81,483.64 points at […]
Security high as India-held Kashmir votes in round two of regional polls – World
India-occupied Kashmir voted on Wednesday to elect its first government since New Delhi scrapped the Himalayan territory’s semi-autonomous status, sparking widespread protest in a region wracked by a decades-long insurgency. The change in 2019 by Hindu-nationalist Prime Minister Narendra Modi brought the Muslim-majority territory under New Delhi’s direct control and was accompanied by mass arrests […]