Friday, July 7th, 2023
ICCI Int’l Tourism Summit starts
ISLAMABAD/GILGIT, JUL 7 /DNA/ – 3-day International Tourism Summit organized by Islamabad Chamber of Commerce and Industry has started in Skardu, On Friday, on the first day of the summit, under the leadership of President Islamabad Chamber of Commerce and Industry Ahsan Zafar Bakhtawari, ambassadors from several countries including Turkey, Malaysia, Iran, Somalia, Bangladesh reached Skardu to participate. Foreign ambassadors and participants visited different tourist spots of Skardu, the ambassadors described the summit as the best effort of Islamabad Chamber. On arrival at Skardah Airport, the delegation was welcomed byRead More
PKR devalued 45% in the last IMF program hopes no further depreciation in IMF SBA Agreement
DNA Karachi: Pakistan Business Forum (PBF) expects that no further depreciation of the rupee will be seen in the IMF stand by agreement (SBA) as PKR is already undervalued compare to our regional neighbours. As signing of a $3 billion SBA with the International Monetary Fund a positive development in the currrnt scenario but at the same time it raised questions over the coalition government’s economic plan to revive the ailing economy. PBF spokesperson Zainab Jatoi while talking to media on Friday said in the last IMF program (July 2019Read More
Sweden mulls banning Quran desecration: minister
Stockholm: Sweden’s Justice Minister Gunnar Strommer said the government was examining whether it could ban the desecration of the Holy Quran or books belonging to other faiths illegal after the recent Holy Quran burnings “damaged” the country’s security. A person, who migrated from Iraq to Sweden, burned pages of the Holy Quran outside a mosque in Stockholm on the first day of Eid ul Adha, prompting outrage in the Muslim world and condemnation from Pope Francis. The Swedish Security Services, in response to the incident, claimed that such action leftRead More
US Treasury Secretary Janet Yellen says ‘impossible to part ways with China’
Just a day after landing in Beijing for talks with the officials in her four-day trip, US Treasury Secretary Janet Yellen said it was impossible to cut commercial ties with China as it would have repercussions on the global markets. Her trip comes just a month after a high-level visit of the US Secretary of State Antony Blinken in which he met with President Xi Jinping. In recent months, the US said it is seeking to “de-risk” from China by limiting the country’s access to advanced technology deemed crucial toRead More
After the IMF deal, uncertainty swiftly melting away
KARACHI, JUL 7: /DNA/ – Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Friday after the staff level agreement with the IMF, the uncertainty is ending quickly. The public and investors have breathed a sigh of relief and the situation will improve further with Pakistan getting $1.1 billion after the deal is ratified by the board of the lender, he said. Mian Zahid Hussain said that taking advantage of the respite fromRead More
IMF team to meet Imran Khan seeking assurance on bailout package
KARACHI: The International Monetary Fund (IMF) is seeking the support of major political parties, including Pakistan Tehreek-e-Insaf (PTI), for a recently announced $3 billion bailout programme, the lender said on Friday. The IMF’s resident representative Esther Perez Ruiz said in a statement that the meetings with political parties were to “seek assurances of their support for the key objectives and policies under a new IMF-supported program ahead of the approaching national elections.” The official added that they will also meet Pakistan Muslim League-Nawaz (PML-N) and Pakistan People’s Party (PPP). However,Read More