Saturday, September 23rd, 2023
Petrol price may fall after ‘decline in dollar value,’ says info minister
As the Pakistani rupee gained massively against the US dollar, interim Information Minister Murtaza Solangi hinted at the reduction in petroleum prices in the next fortnight’s review — scheduled for September 30. Speaking to the media at the Karachi Press Club on Saturday, the information minister responded to the news report saying that the rupee gained Rs30 to Rs35 against the greenback due to administrative measures taken by the interim government in the last few days. He was referring to the military-backed crackdown launched by the authorities against hoarders, currencyRead More
China-built power plants using high-quality imported coal in Pakistan: officials
DNA ISLAMABAD, Sept 23: All coal-fired power plants built by Chinese companies in Pakistan have been consistently using high-quality coal imported from other countries, officials said. Commented on a news item raising a question about the coal quality, the officials said basic knowledge about the power industry based on facts can clearly show and prove that the Chinese power plants cannot run on low-quality coal like a fighter jet cannot start and run on regular fuel. There is no classification of coal as “superior” or “inferior” based on the differenceRead More
World Bank launches ‘Reforms for a Brighter Future Time to contribute on development priorities
Pakistan has been facing numerous economic hardships including inflation, rising electricity prices, severe climate shocks, and insufficient public resources to finance development and climate adaptation: World Bank Mahnoor Ansar Islamabad, Sept 23 —The World Bank has launched a new program to foster debate on the critical development policy issues facing Pakistan. ‘Reforms for a Brighter Future: Time to Decide’ is intended to engage in discussions with a broad range of stakeholders on what fundamental policy shifts are most needed to durably steer the economy towards stronger, more climate-resilient and sustainableRead More
A Row costing $9 billion to India & Canada
By Qamar Bashir During his address to the 78th Session of the United Nations General Assembly (UNGA), caretaker Prime Minister Mr. Anwar-ul-Haq Kakar raised concerns over the Hindutva ideology in India while citing the recent killing of a Canadian citizen, Hardeep Singh Nijjar of Khalistan Tiger Force, on June 18, in Vancouver, British Columbia, Canada. He asserted that this ideology is being employed to justify the persecution of religious and ethnic minorities in India. In a call for international action, he urged the global community to hold India accountable forRead More
PAF contingent returns triumphant
DNAISLAMABAD: Pakistan Air Force contingent has landed back at an operational air base after successful participation in the multinational tri-services air exercise Bright Star 2023, held in Egypt. The exercise brought together 30 nations from across the globe, fostering camaraderie and showcasing the prowess of participating armed forces. The distinguished event showcased the remarkable performance of PAF’s contingent, consisting of skilled combat pilots, proficient air defence controllers, and adept technical ground crew, who demonstrated pride and professional excellence as a unified team while operating advanced JF-17 Thunder fighter jets. TheRead More
Thailand ready to finalize FTA with Pakistan to improve trade ties – Ambassador
Islamabad, Sept 23: /DNA/ – Chakkrid Krachaiwong, Ambassador of Thailand said that his country is ready to finalize a free trade agreement with Pakistan as negotiations on it have reached the final stage and it is now up to Pakistan to expedite it. He revealed that Thai Air is resuming its flights from Karachi, Lahore, and Islamabad. He said that many Pakistanis visit Thailand and stressed that they should also play a role to increase bilateral trade between the two countries. He said that both countries should focus on promotingRead More