Thursday, January 26th, 2023
SBP foreign reserves near rock bottom
PKR sinks to historic low against dollar Business Desk KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves fell to a record low of $3.7 billion as the country grapples with a severe economic crunch, striving to revive the International Monetary Fund’s (IMF) bailout programme to avoid a looming debt default. In a statement, the SBP said as of January 20, its reserves fell to $3,678.4 million due to external debt repayments, which will now provide an import cover of less than aRead More
President Alvi warns against Khan’s arrest
President Alvi warns against Khan’s arrest Says no contact with Establishment for over a month; denies any plans to ask PM for trust vote Abid Raza LAHORE: President DrArifAlvi believes that the government will be “playing with fire” if it resorts to arresting Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan — as speculations are rife after PTI Senior Vice-President Fawad Chaudhry’s arrest. He added he never thought about asking the prime minister to seek a trust vote nor was asked by Imran Khan or any other PTI leader. In a conversationRead More
Pakistan, Kazakhstan agree to enhance trade relations
Mahnoor Ansar ISLAMABAD, Ambassador of Kazakhstan for Pakistan, Yerzhan Kistafin called on Federal Minister for Commerce Syed Naveed Qamar here on Thursday and agreed in principle to sign Kazakhstan-Pakistan Transit Trade Agreement. The two discussed potential opportunities for trade and cooperation between Kazakhstan and Pakistan, including the conclusion of several transit trade agreements, said a press release issued here. The Minister remarked that the government is keen to further strengthen bilateral economic and trade ties between the two countries, and expressed confidence thatRead More
No backchannel diplomacy with India: Hina Rabbani
No backchannel diplomacy with India: Hina Rabbani Staff Report ISLAMABAD, Minister of State for Foreign Affairs Hina Rabbani Khar on Thursday told the Senate that there was no backchannel diplomacy going on with India. Responding to a supplementary question of Pakistan Tehreek-e-Insaf’s Senator Faisal Javed at the floor of the upper house of the parliament, she said since the government had come into the power, there was no backchannel diplomacy going on between Pakistan and India. Hina made it clear that if backchannel diplomacy was the result oriented, itRead More
Pakistan, US in new process re-engagement
Pakistan strongly condemns Quran desecration incidents in Sweden, the Netherlands Ansar M Bhatti/DNA ISLAMABAD, The Foreign Office (FO) on Thursday said Pakistan and the United States were in a new process of re-engagement based on “productive and cooperative” collaboration in diverse matters. “We are undertaking discussions on different issues including agriculture, climate change, investment, energy, and other sectors and we also continue to discuss all issues of concern to both sides,” FO Spokesperson Mumtaz Zahra Baloch said in response to the statement of the U.S. that Pakistan can buy RussianRead More
Attock police intercepts nine outlaws involved in gambling
FROM QAZI SHOAIB KHAN DNA ATTOCK (JAN-26): Attock Police intercepted nine outlaws involved in gambling, drugs pushing along with money at stake in two different cases within the jurisdiction of police station Hassanabadal and Injara here on Thursday. Police said, on a tip off, Hassanabdal police conducted a raid at the outskirts village Dhok Mehdi of Policechowk Burhan and arrested eight gamblers from Dhok Mehdi along with recovery of Rs 73270 stake money from their possession. The gamblers were identified as Arif Ali, Akhtar Ali, Arshad Khan, Khan Nawaz, BilalRead More