Monday, June 20th, 2016
Foreign elements unable to witness investment in Pakistan: Dar
ISLAMABAD, 20 JUNE, (DNA) – Federal Finance Minister Ishaq Dar on Monday said that international debts had increased to Rs 12 billion during Ex-President Pervez Musharraf and late Benazir Bhutto’s tenure. Debts worth Rs 11 billion were due on the government regarding China-Pakistan Economic Corridor (CPEC) project, Dar said. He added that CPEC project needed to be closed without acquiring debts. Speaking to National Assembly, Dar told the House that investment with a value of USD 46 billion will be spent in Pakistan through CPEC, out of which USD 36Read More
RSS, Shiv Sena major hurdle for Pak-India relations: Nisar
ISLAMABAD, 20 JUNE, (DNA) – Regarding a recent statement given by Indian Foreign Minister Sushma Swaraj ON Pak-India relations, Interior Minister Chaudhary Nisar on Monday replied to the statement and said that Sushma should have avoided political point scoring if she was committed and serious about Pak-India relations. Sushma’s statement was astonishing, instead of expressing her views in riddles she should have clearly mentioned about the elements acting as an obstacle in Pak-India relations, Nisar said. Interior Minister said that according to Pakistan, most prominent Hindu extremist organisations like RSS,Read More
UK signs agreement to support new motorway construction
ISLAMABAD, 20 JUNE, (DNA) – The United Kingdom’s Department for International Development (DFID) Monday signed an agreement with the Government of Pakistan for a $34 million grant to build the remaining 64-kilometre section of the motorway (M-4) connecting Shorkot and Khanewal in Punjab province. The Asian Development Bank (ADB) will administer the UK’s $34 million grant and the additional $100 million loan by the Asian Infrastructure Investment Bank (AIIB). The agreement was signed between Pakistan’s Secretary for Economic Affairs Tariq Bajwa and ADB Country Director for Pakistan Werner E. Liepach,Read More
NA approves 49 demands for grants for next financial year
ISLAMABAD, 20 JUNE, (DNA) – The National Assembly Monday approved another 49 demands for grants for the next financial year relating to different ministries, divisions and departments. The House rejected about 585 cut motions moved by opposition members against these demands. Winding up discussion on demands for grants relating to his ministry, Finance Minister Ishaq Dar said of 46 billion dollars of CPEC package, 35 billion dollars would be private sector loan for energy projects having no impact on the federal government. He said net external debt has reduced fromRead More
COAS embarks on 3-day visit to Germany, Czech
RAWALPINDI, 20 JUNE (DNA – Chief of Army Staff General Raheel Sharif has embarked on a three day visit to Germany and Czech Republic. According to ISPR here on Monday, the COAS during his visit will stay in Berlin for two days while a day in Prague. During his stay the COAS will hold series of meetings with the civil and military leaderships of both the European Union (EU) member states. DNA
With 1 human in every 113 affected, forced displacement hits record high
ISLAMABAD, 20 JUNE (DNA) – Millions marked World Refugee Day (WRD) with events across the globe as UNHCR reported that the number of forcibly displaced people was higher than it had ever been in history. UNHCR’s annual Global Trends Report (GTR) which was released on 20 June said 65.3 million people were displaced as of the end of 2015, compared to 59.5 million just twelve months earlier. This is the first time that the threshold of 60 million has been crossed. In Islamabad, government officials, heads of diplomatic missionsRead More