Page 102 - Pakistan

No company responded to crisis-hit Pakistan's offer to buy LNG cargo

Pakistan has failed to secure LNG from the spot market in its first attempt in about a year, as no supplier seems to budge to the cash-strapped nation's offer, as per Bloomberg, The News reported

Pakistan signs MoU with China for nuclear power project worth $3.4 billion

Pakistan PM Sharif witnessed signing of Memorandum of Understanding (MoU) between Pakistan and China for a 1200MW Chashma-5 (C-5) nuclear power project worth $3.48 billion, local media reported

We hosts one of world's largest refugee populations: Pakistan President

Pakistani President Arif Alvi said his country continues to host one of the largest refugee populations in the world

Pak defiant, allows fundraising to promote terror, facilitates infiltration

Pakistan's removal from the Financial Action Task Force's (FATF) Grey List in October 2022 came with the assurance that it would fall in line and cease support for terrorism

Pakistan enters election mode, poll body starts making arrangements

As per law, the last date of registration, exclusion and verification of voters is July 13

7 dead, more than 70 injured in rain-related incidents in Pakistan

The official said that the administration personnel, including rescuers and medics, had been on alert and teams were sent to the affected areas to provide available resources for quick relief

473 pilgrims to visit Pak for Maharaja Ranjit Singh's death anniversary

The issuance of visas is in line with the Government of Pakistan's commitment to fully implement the Bilateral Protocol on Visits to Religious Shrines of 1974

300 Pakistanis dead as boat capsizes in Greece: Here's what happened

Between 400 and 750 people were believed to have been aboard the vessel, when it sank about 80 km off the southern Greek town of Pylos

Will retired Generals, Pak Army chief meet release pressure on Imran Khan?

Retired Generals close to Imran have met Pak Army Chief Asim Munir, pleading for leniency towards the ex-Prime Minister, following the May 9 revolt that targeted icons of the "establishment"

'Will not surrender even if they put me in jail', says Pak ex-PM Imran Khan

Pakistan's former prime minister Imran Khan has said he will continue fighting for the rule of law in the country, asserting that he will neither strike a deal nor surrender even if the government puts him in jail. Addressing the nation via YouTube on Sunday evening, Khan said his fight is for the better future of his country and its people. "I will neither make a deal nor surrender even if they put me in jail. I will continue fighting for the rule of law and a better future for the people of my country, Khan said.

Pak-Afghan rift widens after Taliban minister trashes Durand line as border

New Delhi, June 19: The Taliban administration's Defence Minister Maulvi Muhammad Yaqub Mujahid has said that the border between Pakistan and Afghanistan, called the Durand Line, is merely a 'line'

Greece boat tragedy: Pak PM orders crackdown against human smugglers

Pakistan's Prime Minister Shehbaz Sharif on Sunday ordered a crackdown against human smugglers as the country announced a day of mourning for the victims of the Greece boat tragedy, several of whom were from Pakistan. An overloaded boat carrying around 750 people, aiming to enter Europe illegally, sank in open seas off Greece. It is believed that several Pakistanis were among the victims, though their exact number is not known. So far, at least 12 Pakistanis have been found alive, Pakistan's Foreign Office (FO) said. According to a statement issued by the Prime Minister's Office (PMO), the premier said that June 19 would be observed as the Day of Mourning across the country, and the national flag would fly at half-mast. In another statement, the PMO said that Shehbaz directed the law enforcement agencies to track down agents involved in human trafficking and called for them to be brought to justice. He directed the FO to immediately take action on the boat capsizing and the report

Pakistan loses $7.15 billion due to shrinking exports, remittances

Pakistan has lost $7.15 billion on account of shrinking exports and remittances during the first 11 months of the Financial Year (FY)-23, Dawn reported.

Pakistan's ex-Central Bank chief worried about country's looming default

Pakistan needs a "constructive relationship" with the global financial institutions if it wants to avoid a default, the former chief of the cash-strapped country's central bank has said. The remarks by Reza Baqir, the former governor of the State Bank of Pakistan came as he addressed the final session of the Pakistan Literature Festival, held on Saturday in London. He said that if there is a default, Pakistan will go through a painful, protracted process. Pakistan's chances for the revival of the current USD 6.5 billion International Monetary Fund programme have almost diminished before it expires on June 30. Out of the USD 6.5 billion packages, the IMF has not yet disbursed USD 2.6 billion to Pakistan. I am concerned because our relationship with the international financial community has not improved over the last few months. The deterioration comes in terms of substance and communication. If we want to avoid default, we have to have a constructive relationship with those who are

Pakistan receives $1 bn from China to support its critically low forex

Cash-strapped Pakistan has received USD 1 billion from its close ally China to support its critically low foreign reserves amidst the uncertainty to revive a stalled International Monetary Fund loan. The State Bank of Pakistan (SBP) on Friday night confirmed having received the amount from China without sharing any other details about it. It would add to the reserves which had fallen to almost USD 3.9 billion in recent weeks. Earlier, finance minister Ishaq Dar said Pakistan had paid back USD 1 billion to China last Monday against a due amount of USD 1.3 billion and it was hoped that the amount would be returned. Pakistan's economy is tethering on the verge of default as the IMF is pushing the county to its limits to fulfil demands - which Islamabad insists had been already met - to provide the remaining USD 2.5 billion out of a bailout package of USD 6.5 billion agreed in 2019. The entire amount is unlikely to be paid as the programme is ending on June 30 but Pakistan is pushing

Pak's participation at 2023 WC in India subject to govt approval: Report

According to the draft schedule, the World Cup is scheduled to be held across multiple venues in India from October 5

Shehbaz Sharif asks Nawaz to return Pakistan, become PM for fourth time

It is pertinent to mention that Nawaz Sharif has been in self-imposed exile in London since November 2019 owing to health reasons

Pak PML-N chooses Shehbaz Sharif as party president; Maryam Nawaz his VP

The ruling Pakistan Muslim League-Nawaz (PML-N) on Friday picked Prime Minister Shehbaz Sharif as the party's president while Maryam Nawaz was chosen as the senior vice president. The decision was taken in a meeting of the PML-N general council, which also chose several office bearers, including Ahsan Iqbal as secretary general. Among other party leaders, Marriyum Aurangzeb was picked as the secretary of information, Ataullah Tarar as the deputy secretary, and Ishaq Dar as the secretary of finance and overseas affairs. The elections were uncontested, apparently indicating a show of unity within the PML-N, but actually an indication of the iron grip by the Sharif family members who virtually hand-picked every office holder of the party. Shehbaz was elevated in 2018 to hold the reins of the party after his elder brother as well as former premier Nawaz Sharif was first disqualified as prime minister and later barred by the country's apex court to lead the party as the president. It i

Moody's warns 'highly uncertain' funding prospects for Pak until elections

Moody's has warned that Pakistan's ability to secure loans from bilateral and multilateral partners will be severely constrained until new programme is negotiated with International Monetary Fund

No major impact of Biparjoy in Pakistan as it weakens after landfall

Pakistan was largely spared the full force of Cyclone Biparjoy which weakened into a severe cyclonic storm on Friday after making landfall in Gujarat, leaving a trail of destruction in its wake in the Indian state. People in Sindh's coastal city of Keti, who braved the cyclone threat and a warning of monsoon rains, are now returning to their homes after the Pakistan Meteorological Department (PMD) said the cyclone has weakened into a severe cyclonic storm from a very severe cyclonic storm. The Very Severe Cyclonic Storm (VSCS) 'BIPARJOY' over the northeast Arabian Sea after crossing the Indian Gujarat coast (near Jakhau port) has weakened into a Severe Cyclonic Storm (SCS), the Met Office said in its latest advisory," it said. "The system is likely to weaken further into a Cyclonic Storm (CS) by today noon and subsequently into a Depression by today evening," the alert added. Biparjoy, (meaning disaster or calamity in Bengali), completed landfall on Thursday night, authorities ...