Pakistan Financial News
31.07 / 21:23
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Beijing has invested $25.4B in Pakistan over the last decade, Chinese vice premier says
Chinese Vice Premier He Lifeng says Beijing has invested $25.4 billion dollars in Pakistan in the past ten years under the China-Pakistan Economic Corridor, or CPEC package
31.07 / 15:19
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Islamic State group claims deadly Pakistan suicide bombing
Islamic State group on Monday claimed responsibility for a bombing attack that has killed dozens in Pakistan, in a statement issued on the jihadists' news arm Amaq. «A suicide attacker from the Islamic State… detonated his explosive jacket in the middle of a crowd» in northwestern Pakistani town of Khar, the statement said.
31.07 / 14:47
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Pakistan & China ink six agreements to expedite cooperation under 2nd phase of CPEC
Pakistan and China on Monday signed six key documents to help undertake the second phase of the USD 60 billion China-Pakistan Economic Corridor (CPEC) projects under a new model, further cementing the all-weather strategic relations between the «iron brothers.» Prime Minister Shehbaz Sharif and Chinese Vice Premier He Lifeng witnessed the signing ceremony held here to mark 10 years of the CPEC, a collection of infrastructure and other projects under construction throughout Pakistan since 2013. The CPEC, which connects Gwadar Port in Pakistan's Balochistan with China's Xinjiang province, is opposed by India as it is being laid through Pakistan-occupied Kashmir.
31.07 / 12:57
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Pakistan outsources Islamabad Airport to boost forex reserves | Mint Primer | Mint
Pakistan's move to outsource the operations of maj... morePakistan's move to outsource the operations of major airports, including Islamabad International Airport (IIA), comes as a strategic response to the continuous depletion of forex reserves.
31.07 / 12:53
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IMF packages, foreign bailouts will not suffice to keep Pakistan economy afloat: Report
IMF agreement has prevented Pakistan from going into default, at least temporarily, it has also set off a vicious cycle that has happened a few dozen times before in the nation's history, reported The Diplomat. Saudi Arabia made a USD 2 billion deposit into the State Bank of Pakistan (SBP) after the IMF agreement, and the UAE had already committed to making a USD 1 billion contribution.
31.07 / 11:45
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‘Pakistan se nahi haarna’: Kapil Dev speaks on pressure around India vs Pakistan matches
The Week, former cricket Kapil Dev talked about the pressure around the India vs Pakistan match. “What is pressure? Pressure doesn’t come when you’re facing the ball. It starts building up when your waiter gives you coffee and says, “Pakistan se nahi haarna (don’t lose to Pakistan)".
31.07 / 10:25
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India vs Pakistan World Cup match rescheduled to 14 October, more changes likely in WC schedule
Narendra Modi Stadium, Ahmedabad to watch the spectacle. The historical rivalry between the two teams boosted with political differences makes the game very sensitive for the people of both nations. The prices of hotels in Ahmedabad skyrocketed with people ready to pay even ₹80,000 to ₹1,00,000 for hotel bookings.
31.07 / 10:05
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Nawaz Sharif to be Pakistan PM if PML-N returns to power, says Premier Shehbaz Sharif
Shehbaz Sharif has said that Pakistan Muslim League-Nawaz (PML-N) supremo Nawaz Sharif will be the next premier of the country if the party returns to power in the next general election. Speaking on the Geo News programme on Sunday, Shehbaz said the three-time former prime minister who has been living in self-imposed exile in London since 2019 will return to the country in the next few weeks.
31.07 / 09:13
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Pakistan holds funerals as government vows to hunt down those behind the weekend's suicide bombing
Pakistan held funerals on Monday for victims of a massive suicide bombing that targeted a rally of a pro-Taliban cleric the previous day as the death toll climbed to at least 45 and the government vowed to hunt down those behind the attack. No one immediately claimed responsibility for Sunday's bombing, which also wounded nearly 200 people. Police said their initial investigation suggests the Islamic State group's regional affiliate could be behind the attack.
31.07 / 05:55
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Pak PM Shehbaz Sharif says 'neutral' person to be picked interim premier; elder brother to be PM again if party wins elections
Pakistan's Prime Minister Shehbaz Sharif has ruled out the possibility of the appointment of Finance Minister Ishaq Dar as the caretaker prime minister, saying a «neutral person» will be selected to lead the interim government next month to make upcoming general elections transparent. Shehbaz Sharif, also the Pakistan Muslim League-Nawaz (PML-N) party president indicated that Nawaz Sharif, three-time former prime minister and his elder brother, who has been living in self-imposed exile in London since 2019 will return to Pakistan in the next few weeks.
31.07 / 05:43
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Pakistan: Biggest blasts, suicide bomb attacks so far in 2023
Throughout its history, Pakistan has been confronted with the challenges of terrorism and sectarian violence. However, the landscape of security threats intensified after the September 11 attacks in the United States in 2001. The emergence of al-Qaeda and Taliban militants, seeking refuge in Pakistan after their retreat from Afghanistan, posed a significant danger to the nation's stability.
31.07 / 03:17
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Pakistan: 'Tent collapses, people trapped' minutes after bomb goes off at Bajaur rally
In a tragic incident, a suicide bomber targeted a political rally of the Jamiat Ulema Islam-Fazl (JUI-F) in Bajaur district, Pakistan, that killed at least 44 and left nearly 200 people wounded. The rally was being held in the town of Khar, a former stronghold of militants in Pakistan's north-western Khyber Pakhtunkhwa province. The explosion occurred as hundreds of supporters of the JUI-F party, led by an influential firebrand cleric, had gathered under a canopy for the event.
31.07 / 03:01
Pakistani intruder shot dead in J&K's Arnia sector
Border Security Force personnel along the International Border in Jammu and Kashmir on Monday in second such incident in a week, officials said. The intruder was gunned down by the alert border guards when he ignored the repeated warnings and tried to flee after managing to cross the border fence near Jabowal border outpost in Arnia sector around 1.45 am, they said.
31.07 / 02:53
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Pakistan PM Shehbaz Sharif says, National Assembly will be dissolved before August 12
Pakistan Prime Minister Shehbaz Sharif has reiterated that the National Assembly will be dissolved before August 12 with the consultation of the allied parties, ARY News reported on Monday. In an interview at a Geo News programme, he said the tenure of the National Assembly will end on August 12 and before that, the assembly will be dissolved.
31.07 / 01:57
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‘Culprits will be penalised’ Pakistan PM Shehbaz Sharif on Bajaur suicide bomb blast
Afghan Taliban could be behind the attack, and officers were still investigating, as reported by the Associated Press. The Pakistan Taliban, or TTP, said in a statement sent to The Associated Press that the bombing was aimed at setting Islamists against each other.
30.07 / 21:33
30.07 / 19:15
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Major League Cricket a big hit on debut
MLC) has made a resounding debut on the international cricketing stage, with most matches seeing record turnout even though the US is not a traditional cricket-playing country. The grand finale — to be played at 6 am Indian Standard Time on Monday — pits Seattle Orcas, co-owned by Microsoft CEO Satya Nadella, against Mukesh Ambani's MI New York at the Grand Prairie Stadium near Dallas.
30.07 / 17:09
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Ethnic rivalries must be brought to an end quickly
nikah, Anju said: “I have converted to Islam and feel safe in Pakistan." Peshawar, where she currently resides, is the capital of the Khyber Pakhtunkhwa province. It is regarded one of the most dangerous regions in the world due to its proximity to Afghanistan. How can Anju feel comfortable in such a setting? Is this not the Pakistan government trying to settle scores for Seema Haider, who landed in Gautam Budh Nagar, Uttar Pradesh, with four children from Pakistan, and caused a sensation on both sides of the border.
30.07 / 17:05
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Imran Khan mastermind of May 9 violence aimed at toppling military leadership, says Pak PM
Khan was the mastermind of the unprecedented anti-government protests across Pakistan on May 9 and it was aimed at toppling the military leadership, Prime Minister Shehbaz Sharif has said. Pakistan saw massive nationwide anti-government protests following the arrest of Khan, the Pakistan Tehreek-e-Insaf (PTI) Chairman by paramilitary Rangers in a corruption case on May 9. Khan, 70, was later released on bail.
30.07 / 15:57
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Indian woman who travelled to Pakistan to marry her Facebook friend gifted money & land for embracing Islam
Islam has received some money and a piece of land as gifts for embracing the religion. Anju — who now goes by the name of Fatima after converting to Islam — on July 25 married her 29-year-old friend Nasrullah, whose home is in the Upper Dir district of Khyber Pakhtunkhwa. They became friends on Facebook in 2019.
30.07 / 15:43
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Anju who married Pakistani man calls father, says marriage rumors are ‘baseless’
Live Hindustan said on Sunday. In the call, Gaya expressed his disappointment and questioned why she went to Pakistan and got married without informing her family, the report added. Anju has also sent a message to her father, saying that she was “dead" to him and asked him not to contact her again.
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