Saturday, October 12th, 2019
Seafarers major contributor to a country’s economy
ISLAMABAD, OCT 12 (DNA) -Seafarers around the globe are considered to be a major contributor to a country’s economy as they send valuable foreign exchange in the form of remittances. Philippine Model shows that how the right policy measures can help a small nation of just 100 million provide 20% of the seafarers in the global market and contribute around $5.5 billion to their economy annually. Pakistan has a huge potential in this sector and can compete both regional and global players as proper steps are being taken to resolveRead More
Poor being murdered economically by incumbent govt: Bilawal Bhutto
LARKANA , OCT 12 (DNA) -– The Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto-Zardari held a rally in Larkana today (Oct. 12) against the inflation and unemployment in the country and said that poor people are getting economically murdered. Addressing to his party workers, he expressed that the ‘puppet’ government has made the lives of people difficult. “Poor farmers of Pakistan are getting economically murdered by the incumbent government”, he said adding that they do not accept the PTI-IMF budget. PPP Chairman went on to say that theRead More
Afghanistan shuts down its Consulate in Peshawar
ISLAMABAD, OCT 12 (DNA) –The Afghan govt has closed down its Consulate in Peshawar after a dispute about a market in Peshawar. According to Foreign Office of Pakistan, the Afghan decision is unfortunate and it is hoped that the Afghan authorities will review their decision. The Foreign Office further said “We reject insinuations contained in the statement issued by the Afghan Foreign Ministry regarding a market in Peshawar. It is deeply regrettable that a distorted and misleading account of the issue and related events has beenRead More
Pakistan, China to expedite work on western route of CPEC
ISLAMABAD, Oct 12 (DNA): Pakistan and China have decided to expedite work on the western route in the second phase of China Pakistan Economic Corridor project. The understanding came during a meeting between the Chinese delegation headed by its Transport Minister and Minister for Communications Murad Saeed in Islamabad Saturday. It was decided to construct 1270 kilometer of roads on the western route in the second phase. The road infrastructure will be constructed from Gilgit to Chitral and D. I. Khan to Zhob. The Chinese Transport Minister said CPEC willRead More
Trade deficit reduced by 35pc claims Hafeez Shaikh
ISLAMABAD , OCT 12 (DNA) – – Advisor to the Prime Minister on Finance Dr Abdul Hafeez Sheikh said on Saturday that Pakistan’s trade deficit has narrowed by 35 percent [to $5.7 billion in the first quarter due to compression of imports]. Sheikh held a joint press conference with Federal Bureau of Revenue (FBR) Chairman Shabbar Zaidi in Islamabad, and stated that the government had adopted measures to reduce expenditures for improving economy of the state. “In the last three months, [the government] has not taken any loanRead More
Maulana driven into a corner: railways minister
ISLAMABAD , OCT 12 (DNA) – – Federal Minister for Railways Sheikh Rasheed said on Saturday that Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Fazlur Rehman has been driven into a corner as no consensus has been achieved between him and Pakistan Muslim League-Nawaz (PML-N) president Shehbaz Sharif so far. The veteran politician held a press conference in Lahore and claimed that PML-N supremo had been shifted to the National Accountability Bureau (NAB) headquarters for improved [secret] communication with other politicians [for designing next course of action] amid JUI-F’s call for anti-governmentRead More