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Tuesday, February 28th, 2023

 

Moody’s slashes Pak credit rating

News Desk SINGAPORE: Moody’s Investors Service Tuesday slashed Pakistan’s sovereign credit rating to ‘Caa3’ amid critical loan talks with the International Monetary Fund (IMF), arguing that the worsening liquidity situation was “significantly raising default risks.” The cash-strapped nation has been in talks with the IMF to secure a $1 billion loan, which has been pending since late last year over policy issues. It is part of a stalled $6.5 billion bailout package, originally approved in 2019. Moody’s has also reduced the rating for the senior unsecured MTN programme to (P)Caa3Read More


Raja Pervaiz Ashraf rules out any possibility of Pakistan’s default

DNA RAWALPINDI, FEB 28: Speaker National Assembly said that there is no possibility of Pakistan’s default and the current economic crisis would be overcome soon to make Pakistan a strong economy. He said that he has talked to the finance minister about LCs issue and this issue would be resolved soon to facilitate the business community in import of essential manufacturing items. He said that business community is playing key role in the economy and the government should consult them while making business and economic policies. He said that heRead More


Attock police recovered illegal kites, hashish from anti-state elements

DNA ATTOCK (FEB-28) :Following the orders of the DPO Attock Dr. Ghias Gul Khan, Attock police on Tuesday arrested six anti-state elements along with recovery of illegal kites, metal strings, hashish from their possession during a crack down launched on the directives of the IG Punjab here in the inter provincial locality of the inter provincial bordering district Attock. Police said, Pindigheb police booked Mohammad Shoaib son of Mohammad Arif for possessing hashish of 1100 grams, Mohammad Ramzan  son of Bhai Khan for illegally holding 13 kites, two chemical roleRead More


Police intercepted cloth merchant for trashing a woman

FROM QAZI SHOAIB KHAN DNA ATTOCK (FEB-28): The Attock Police on Tuesday intercepted a cloth merchant on the charge of trashing a woman and subjecting her serve torture over pity dispute in civil bazaar on Tuesday. Police said, Liaqut Ali while lodging FIR has reported to city police that his wife along with her other family members went to civil bazaar to purchase some cloth.  He added that when her wife was checking a blanket at the shop of Farhad Khan- an Afghan national when he got infuriated over higherRead More


Taliban forces kill top ISKP commanders

KABUL: (DNA) Afghan Taliban said that their security forces killed two key Daesh or Islamic State Khorasan Province (ISKP) commanders in an overnight counterterrorism raid against their hideout in the capital, Kabul. Afghan Taliban spokesperson Zabihullah Mujahid said in a statement that the intelligence force conducted an operation on Daesh’s hideout in Kabul city, killing two key members of the group and capturing another one.  “One of the killed terrorists was Qari Fateh, known as the intelligence chief and a former minister of war of the IS-Khorasan province,” said ZabihullahRead More


6th Provincial Steering Committee reinforces a new Rule of Law Roadmap for Balochistan

Quetta, FEB 28:The Steering Committee on the Rule of Law Roadmap (RoLR) Balochistan convened its 6th session on 28 February, 2023 in Quetta to celebrate the successful completion of the first five-year phase of reforms and launch a new chapter for the RoL Roadmap developed for 2023-26. During the meeting, key stakeholders renewed their commitment to advance evidence-based reforms in the rule of law sector with the aim of furthering public trust and confidence in law enforcement institutions in Balochistan. In his opening remarks, Mr. Zahid Saleem, Additional Chief Secretary Home &Read More