Friday, December 3rd, 2021
Tarin tries to allay fears, says exports and remittances will help reduce trade gap
Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin on Friday tried to allay fears over the state of the economy and said that Pakistan’s exports and remittances will help to reduce the country’s trade gap. Tarin’s press conference comes days after the trade deficit saw a steep rise of 162.4 per cent during November, driven largely by a more than triple increase in imports compared to exports. This caused the Pakistan Stock Exchange’s benchmark KSE-100 index to bleed 2,134.99 points or 4.71 per cent, the highest number of points in aRead More
Chinese govt summons Evergrande founder after warning on funds
The Chinese government summoned the embattled founder of real estate firm Evergrande Friday, after the group issued a statement warning it might not have sufficient funds to continue to meet its financial obligations. China Evergrande, which is drowning in a sea of debt worth $300 billion, has been struggling to meet its commitments and the firm’s woes have fanned concerns about the whole property sector, which makes up a substantial part of the world’s number two economy. On Friday evening, Evergrande in a filing with the Hong Kong stock exchangeRead More
WHO: Omicron strain identified in 38 countries
Geneva, DEC 3: “The Omicron strain has been identified in 38 countries, but delta remains the dominant variant of COVID-19.” The head of the technical group of the WHO Emergency Diseases Unit, Maria Van Kerkhove. “Omicron has so far been identified in 38 countries in all six WHO regions, with the main increase in infections in Africa. But the delta variant remains dominant in the world,” Maria Van Kerkhove said speaking during an online session, answering questions about the coronavirus situation.
7th Round of Pak-EU Political Dialogue held virtually
ISLAMABAD, DEC 3 /DNA/ – The 7th Round of Pakistan-EU Political Dialogue was held today in virtual format. Foreign Secretary Sohail Mahmood led the Pakistan side while Mr. Enrique Mora, Deputy Secretary General of the European External Action Service (EEAS), headed the EU delegation. The Dialogue covered broad range of subjects relating to bilateral relations including the comprehensive implementation of Pakistan-EU Strategic Engagement Plan (SEP), and regional and international developments. Underscoring the commonality of views, the Foreign Secretary stated that EU was a traditional friend and a major political, economicRead More
COAS directs all out support to civil administration to arrest perpetrators
RAWALPINDI, DEC 3 /DNA/ – The cold blooded murder of Srilankan Priyantha Kumara by a mob at Sialkot is extremely condemnable and shameful. Such extra judicial vigilantism cannot be condoned at any cost. COAS directs all out support to civil administration to arrest perpetrators of this heinous crime and bring them to justice.
UNODC begins workshop for developing Interagency Guidance on ‘Handling of Stateless, Unflagged Vessels’
BHURBAN, DEC 3 /DNA/ – United Nations Office on Drugs and Crime (UNODC) Country Office in Pakistan (COPAK) began a five-day roundtable workshop for the maritime law enforcement agencies at the Pearl Continental Hotel Bhurban on November 30th. The workshop aims to strengthen national action against drugs trafficking and smuggling of contraband items through Pakistan’s coastal areas and maritime domain. The participating law enforcement agencies included the Anti-Narcotics Force (ANF), Pakistan Customs, and the Pakistan Coast Guards (PCG). Welcoming the participants to the inaugural session, Dr. Jeremy Milsom, Representative UNODCRead More