Friday, June 4th, 2021
Putin accuses U.S. of using dollar as tool of economic, political war
MOSCOW – Russian President Vladimir Putin accused the United States on Friday of using the dollar as a tool of economic and political war and said Russia may consider settling transactions for oil and gas in other national currencies and the euro. Speaking at an annual economic forum in St Petersburg, Putin said it would be a serious blow to the U.S. dollar if Russia‘s oil companies stopped using the currency, but that Moscow did not want to do that. PUTIN WANTS TO FIND WAYS WİTH BIDEN TO IMPROVE TIES Putin said he hopes to improve deeply damaged ties with the United States whenRead More
‘Bilawal must return looted public money’
Zubair Ahmad ISLAMABAD: Minister of State for Information and Broadcasting Farrukh Habib on Friday asked Pakistan Peoples Party Chairman Bilawal Bhutto to help the government clear foreign debts by bringing back the looted public money stashed by his father Asif Ali Zardari abroad. “If you (Bilawal) are really concerned about the foreign loans then bring back the money dumped by your father in Swiss banks, halt the process of money laundering through (characters like) Ayan Ali, and return money hoarded through ‘Omni groups’ in fake bank accounts,” he said whileRead More
Pakistan keen to diversify ties with Azerbaijan: Alvi
Prof. Sahiba Gafarova emphasized the need for increasing interactions between the two countries at economic, political, cultural and strategic levels Ansar M Bhatti ISLAMABAD: President Dr Arif Alvi has said that Pakistan wants to further strengthen bilateral ties with Azerbaijan, particularly in the fields of trade, energy, defence, culture and tourism. He said that Pakistan attached utmost significance to its ties with Azerbaijan as both countries had shared religion, values, culture, as well as commonalities of views on regional and international issues. He made these remarks while talking to theRead More
Bad days over; now time for growth: PM
Says self-proclaimed democrats (Opposition parties) are calling on the military to overthrow the government; declares that covid surge witnessing downward trend Ansar Mahmood Bhatti ISLAMABAD: Prime Minister Imran Khan on Friday said the country’s economic turnaround had brought down the curtains on bad days and heralded the time for economic growth, wealth creation and jobs for youth. “I believe, we have gone through the worst time. Insha Allah (God willing), in the coming days, Pakistan’s growth will not be turbulent with up and down cycles. Pakistan will start its journeyRead More
Federal budget to be unveiled on June 11
Khayam Abbasi ISLAMABAD: The federal government will present budget 2021-22 on June 11 with an outlay size of around Rs8, 000 billion. As the total size of the economy now stands at Rs52, 057 billion, the federal government is to set the economic growth target of 4.8 percent for FY22. In FY22, the government would pay around Rs3, 060 billion as debt and interest payments. The fiscal deficit will be around Rs2, 915 billion in FY22 which would be around 5.6 percent of the GDP. The government is to setRead More
Norway PM Solberg: US stopped spying on allies in 2014
OSLO – The US told Norway that it stopped spying on allies in 2014, Norway’s premier said on Thursday. “I am glad that the Americans clearly expressed that they changed their practice in 2014 when it comes to the surveillance of allies and that they would cooperate with us and others to understand what happened,” Prime Minister Erna Solberg told Norwegian news agency NTB. She said Norwegian officials held a “positive” meeting on the matter with US diplomats in Norway. Danish and German media reported earlier this week that Denmark’s intelligence agency helped the US NationalRead More