Pakistan Financial News

08.07 / 02:29

UPS Twitter Assurant Deal Imran Khan meets IMF officials, backs bailout deal struck by Pakistan govt

Imran Khan expressed support for a recently-reached bailout deal with the IMF after a meeting with officials of the lender on Friday, his party said. The IMF said it was, in the lead up to national elections in the autumn, seeking the support of Pakistan's political parties, including Khan's, for the new nine-month $3 billion stand-by arrangement and policies associated with the programme.Hammad Azhar, a former finance minister under Khan, who attended the meeting virtually, said in a post on Twitter that the former premier and his economic team had discussed last week's staff-level deal between the IMF and Pakistan's government.

07.07 / 18:19

Provident Cooper Extreme Aware Platform SCO geo-politically significant for India

India is looking to usher in a comprehensive and multifaceted partnership with the countries of Central Asia by leveraging the platform provided by the Shanghai Cooperation Organisation (SCO), people aware of the matter said. SCO is a prominent Eurasian grouping to ensure peace, stability, and security in the vast and resource rich region stretching from the borders of Europe to the Pacific, including China, Russia and Pakistan. India hosted SCO's latest summit virtually earlier this week where Iran became the ninth member of the grouping.

07.07 / 13:55

Babar Azam responds to hype around India vs Pakistan in ICC World Cup 2023: 'Plan is to play…'

ICC World Cup 2023 and how they plan to win the tournament. When a reporter claimed that 'Pakistan cricket is being degraded,' Babar Azam was quick to respond. "I've been hearing a lot.

07.07 / 03:57

UPS Ball Career Chase MS Dhoni's 42nd birthday: 5 times Dhoni showed why he is ‘Captain Cool’

Former India captain Mahendra Singh Dhoni is turning 42 years old today. Known for his calm temperament under pressure, Dhoni has been celebrated among the fans and dubbed as the ‘Captain cool’.

07.07 / 01:27

BLOCK Pakistan: Terrorist operation kills 33-year-old army major

A Pakistani army major, according to a statement by the Inter-Services Public Relations (ISPR), lost his life during an Intelligence-Based Operation (IBO) in the Shakas district of Khyber. The operation was carried out by security forces in response to intelligence regarding the presence of terrorists in the area. The incident took place during the night of July 5-6.

06.07 / 20:25

FIVE CEO OceanGate suspends exploration, commercial operations after Titan submersible implosion

OceanGate – the company owned the Titan submersible that imploded during a dive to the titanic wreckage, killing all the five people on board including the firm’s CEO Stockton Rush – Thursday said it has suspended its exploration and commercial operations, reported CNN. The submersible was reported missing on June 18 and the US Coast Guard and Canadian authorities on June 22 declared that the vessel had suffered a “catastrophic implosion" killing all the five—CEO Stockton Rush, British businessman Hamish Harding; French diver Paul-Henri Nargeolet; Pakistani billionaire Shahzada Dawood; and Dawood’s 19-year-old son, Suleman Dawood —onboard, ending the rescue operation that had captured the world’s attention for days.

06.07 / 10:09

UPS Citi FIVE Landmark Discrimination committee California Committee passes landmark bill to prohibit caste discrimination

equality and social justice, the Assembly Judiciary Committee of California recently conducted a hearing for Senate Bill 403 (SB403), which aims to prohibit caste discrimination, according to a report published by ABC10. If passed, California would become the first state in the United States to explicitly ban caste-based discrimination by including caste as a protected category under the state's Unruh Civil Rights Act, as well as fair housing and employment laws. The bill has been passed by the Assembly Judiciary Committee, and now it will move to the Appropriations Committee.

05.07 / 14:43

Cooper India takes a strong stance against China’s BRI during SCO summit

India said no to China’s Belt and Road Initiative at the SCO summit. India continued its policies towards BRI which are largely seen as the mechanism for economic trade expansions based on clumsy and hideous terms of financial transactions.

05.07 / 08:45

Provident Assurant IMF board to meet on July 12 to review Pakistan's loan agreement

IMF's executive board is set to meet on July 12 to review the USD 3 billion Standby Arrangement with cash-strapped Pakistan and will also possibly release the first tranche of USD 1.1 billion as part of the loan programme, a media report said on Wednesday. The Pakistan government and the International Monetary Fund (IMF) reached a long-awaited staff-level agreement on June 29 to inject USD 3 billion into the ailing economy after months-long negotiations that pushed the country to the brink of default.

05.07 / 06:43

Provident Cooper Action Updates peace SCO Meet: India snubs Belt and Road, China accents 'regional peace' amid border scuffles; Read key updates

Belt and Road Initiative (BRI) during the declaration issued at the conclusion of the Shanghai Cooperation Organisation (SCO) summit, making it the sole country to withhold endorsement of the project, Chinese President Xi Jinping emphasized the importance of protecting "regional peace". Prime Minister Narendra Modi chaired the summit, which was attended by Chinese President Xi Jinping, Russian President Vladimir Putin, Pakistan Prime Minister Shehbaz Sharif, and various other leaders from the participating countries.

05.07 / 01:29

Target Cooper Strategy Xi Jinping defends BRI at SCO summit despite India's reservations

Xi Jinping pitched for his country’s Belt and Road Initiative (BRI) in his speech at the SCO Summit on Tuesday, claiming that the infrastructure project would facilitate regional cooperation and trade and investment, even as host India expressed reservations over such initiatives. Xi called for “efforts to better synergise high-quality cooperation under the BRI with various countries’ development strategies and regional cooperation initiatives”.

04.07 / 17:47

Cooper Maxim Progressive We can maximise use of Chabahar Port after Iran's SCO membership: PM Modi

Prime Minister Narendra Modi Tuesday said the members of Shanghai Cooperation Organisation can work towards maximizing the utilization of the Chabahar Port following Iran's membership of the world's largest regional organization. "The International North-South Transport Corridor can serve as a secure and efficient route for landlocked countries in Central Asia to access the Indian Ocean. We should strive to realize its full potential," the prime minister said.

04.07 / 16:15

Digital Cooper Progressive Strategy Remark At SCO summit, India reiterates opposition to China's Belt and Road Initiative

India on Tuesday once again refused to endorse China's ambitious Belt and Road Initiative (BRI), becoming the only country in the Shanghai Cooperation Organisation (SCO) not to support the project. A declaration issued at the end of an India-hosted virtual summit of the grouping said Russia, Pakistan, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan reaffirmed their support to the BRI.

04.07 / 13:37

Digital Cooper foreign PM Modi highlighted India's contribution to SCO in meet attended by Putin, Xi: Foreign Secretary Kwatra

Prime Minister Narendra Modi chaired a virtual summit of the Shanghai Cooperation Organisation on Tuesday, highlighting India's contribution to the group over the past six years. He also stressed the need for the member nations to work together to eliminate the menace of terrorism.

04.07 / 11:03

Cooper Manufacturing Remark China’s Xi says countries share responsibility to promote growth, opposes decoupling

BEIJING — Chinese President Xi Jinping said Tuesday that Beijing opposes «decoupling and breaking links,» according to a CNBC translation of a Chinese-language state media readout.

04.07 / 10:49

Provident Gap moody’s Pakistan’s liquidity pressure to remain high despite IMF agreement: Moody’s

New Delhi: Pakistan will continue to face significant economic challenges despite the country’s recent staff-level agreement with the International Monetary Fund (IMF) for a $3 billion nine-month Stand-By Agreement (SBA), global credit rating agency Moody’s said. The agreement comes as Pakistan grapples with liquidity concerns and mounting external financing needs, placing its economic stability at risk.

04.07 / 09:17

UPS Cooper Action peace Xi urges Shanghai alliance to 'safeguard regional peace'

Xi Jinping urged Russian, Iranian and other leaders on Tuesday to work towards safeguarding «regional peace» as he addressed a virtual summit of their Shanghai alliance. Xi «called for efforts to safeguard regional peace and ensure common security», state news agency Xinhua said, adding that he urged member states of the Shanghai Cooperation Organisation to «follow the right direction and enhance their solidarity and mutual trust».

04.07 / 07:43

Fighting There should be no double standards on terrorism, PM Modi at SCO Summit

Shanghai Cooperation Organization (SCO) summit, Prime Minister Narendra Modi said that countries need to respect territorial integrity. «We do not see the SCO as an extended neighbourhood, but rather as an extended family. Security, economic development, connectivity, unity, respect for sovereignty and territorial integrity, and environmental protection are the pillars of our vision for SCO,» PM Modi said.

04.07 / 07:07

Climate change Wildfire As Canada faces wildfires and smoke, is it ready for climate migrants?

The air in several major Canadian cities on Monday smells like burning campfires.

04.07 / 06:35

Target Pakistan govt makes overnight changes in anti-corruption laws

premier Imran Khan's appearance before the country's apex anti-graft investigation agency on Tuesday in a corruption case. Senate Chairman Sadiq Sanjrani, who is working as acting president in the absence of President Arif Alvi, who is away on pilgrimage, issued an ordinance to empower the National Accountability Bureau (NAB) to arrest a suspect during inquiry period and also allow the NAB court to remand a suspect for 30 days in custody after arrest instead of earlier 15 days. The ordinance was issued at the advice of Prime Minister Shehbaz Sharif.

04.07 / 06:23

Provident MET Digital Remark Vladimir Putin, Xi Jinping to attend virtual SCO summit hosted by PM Narendra Modi

SCO) on Tuesday will hold an online summit hosted by India seeking to expand the influence of the Eurasian group by including Iran and opening a path to membership for Belarus. China's President Xi Jinping and Russian leader Vladimir Putin will participate in the virtual summit, which will be Putin's first appearance at an international event since the short-lived mutiny by the Wagner mercenary group in late June.

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