Tuesday, September 18th, 2018
Malaysia’s Axiata scraps $940 million Pakistan deal after regulatory issues
KUALA LUMPUR/SINGAPORE – A unit of Malaysian telecoms firm Axiata Group (AXIA.KL) has called off a $940 million deal to buy 13,000 telecoms towers in Pakistan after regulators there failed to provide all approvals for the transaction announced a year ago. Axiata subsidiary edotco Group Sdn Bhd said in a statement on Monday that it will not proceed with the purchase of Deodar, a unit of Pakistan Mobile Communications Ltd (PMCL) that owns the towers. The deal, announced in August last year, would have made edotco the second-largest multi-country towerRead More
Pakistan flags adorn Riyadh roads as PM Imran Khan visits Saudi Arabia
Khan was due in the Saudi capital on a first official foreign visit since he assumed office on August 18. Photos from Riyadh showed Pakistani and Saudi flags adorning the main highways ahead of Khan’s arrival. The prime minister will hold talks with Saudi leadership before heading to Madina to visit Roza-e-Rasool (Peace Be Upon Him). He is accompanied by Foreign Minister Shah Mehmood Qureshi, Finance Minister Asad Umar, Information Minister Fawad Chaudhyr and Advisor Razzaq Dawood.
PTI presents mini-budget: Asad Umar says ‘difficult times call for difficult measures’
ISLAMABAD, (DNA) – Finance Minister Asad Umar here on Tuesday presented Finance Supplementary (Amendment) Bill 2018 in the National Assembly what is being dubbed as the mini-budget. The finance minister began his speech with an assessment of the country’s economic situation, noting that the budget deficit had expanded to 6.6 per cent from 4.1 per cent at the start of the last government’s tenure. “The most dangerous situation is that if we continue as we have, the budget deficit will expand 7.2 per cent by the end of the ongoingRead More
Pakistan, Saudi Arabia likely to ink historic agreements: sources
ISLAMABAD, (DNA) – Prime Minister Imran Khan is likely to ink couple of economy-centric historic agreements between Pakistan and Saudi Arabia. PM Imran Khan has left for the holy kingdom today on a two-day visit where he will meet Saudi King Salman bin Abdulaziz and ambitious Crown Prince Mohamed bin Salman besides performing Umrah and paying a visit to the Roza-e-Rasool (P.B.U.H). Both the countries are expected to sign historic agreements; the sources claim that Saudi Arabia would provide crude oil at 20 per cent discount to Pakistan for a period of five yearsRead More
Australia signs MoU with Pakistan for collaboration on water, energy security
ISLAMABAD, SEPT 18 (DNA) – Australian High Commissioner to Pakistan, Margaret Adamson, and Secretary for Water Resources, Shamail Khawaja, today signed a Memorandum of Understanding between Australia and Pakistan for collaboration on water, food and energy security. The MOU was signed in the margins of the Indus Knowledge Forum, a one-day workshop organised by the Australian and Pakistani Governments where experts from both countries, civil society and international partners joined senior officials to discuss responses to the triple challenges of water scarcity, food insecurity and energy shortages. “Australia is committedRead More
Head of Tunisian Govt. greets Imran Khan on becoming Prime Minister of Pakistan
ISLAMABAD, SEPT 18 (DNA) – Youssef Chahed, Head of the Government of Tunisia has greeted Imran Khan on the occasion of his election as New Prime Minister of Pakistan. He said this in a message that i am pleased to express my best wishes to you on my own behalf and on that of the Tunisian Government, Head of Tunisian Govt. Youssef Chahed also conveyed best wishes for good health and personal happiness of Prime Minister, Imran Khan, as well as, for the continued progress and prosperity of the brotherlyRead More