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$10m climate financing initiative launched

ISLAMABAD: The United States Agency for International Development (USAID) on Wednesday launched the Pakistan Climate Financing Activity, an up to $10 million, four-year endeavour aimed at bolstering sustainability and climate resilience. Speaking at the launch event, USAID Deputy Mission Director Maura O’Brien emphasised, “The activity will support innovative projects tailoured to Pakistan’s context, scaling up […]

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Turkish chief of staff calls on CJCSC: ISPR

Chief of the Turkish General Staff General Metin Gürak called upon Chairman Joint Chiefs of Staff Committee (CJCSC) General Sahir Shamshad Mirza, said a statement by the Inter-Services Public Relations (ISPR).  During the meeting, the two discussed matters related to “enhancing the level and scope of bilateral military engagements and cooperation”. The two sides also reaffirmed their […]

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Car sales decline by 36.9% in FY2024

KARACHI: Passenger car sales plummeted to 54,089 units, marking a significant 36.9% decline during the initial nine months of fiscal year 2024 (July to March). This downturn can be attributed to various factors, including soaring inflation, diminished purchasing power, high interest rates, expensive auto financing, and rising car prices, as per data provided by the […]

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Interior minister orders to block SIMs issued on invalid CNICs

ISLAMABAD: Interior Minister Mohsin Naqvi on Wednesday directed the National Database Registration Authority (NADRA) to block mobile phone SIMs issued on invalid and expired identity cards. During his visit to the NADRA headquarters, the minister visited all sectors and instructed the authorities to set up NADRA offices across the country on the pattern of model police […]

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Momota retires from international badminton at 29

TOKYO: Two-time world champion Kento Momota said Thursday he is retiring from international badminton aged 29, admitting he had never been the same since a serious car crash four years ago.Japan’s Momota was once badminton’s undisputed king, winning 11 titles in 2019 and losing just six of the 73 matches he played that year.But in […]

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Faizabad agreement was signed before being shown to then-PM: Ahsan Iqbal

ISLAMABAD: PML-N leader and former interior minister Ahsan Iqbal revealed before the Faizabad inquiry commission that the agreement with the Tehreek-e-Labbaik Pakistan (TLP) was signed before then-premier Shahid Khaqan Abbasi’s endorsement. Iqbal also said that Abbasi had objections over the agreement, but was informed that since it had been signed, the government could not backtrack […]

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FM Aurangzeb expects rupee stability post-IMF talks

WASHINGTON: Finance Minister Muhammad Aurangzeb has said that the government expected minimal devaluation of the rupee following talks with the International Monetary Fund (IMF), a report by Bloomberg said. The finance minister is currently in Washington to attend the spring meetings organised by the IMF and the World Bank (WB). He said that the rupee typically […]

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PMPKL laments significant decline in volumes within legitimate tobacco sector

ISLAMABAD: Philip Morris Pakistan Limited (PMPKL) underscored the urgency for immediate measures to tackle the escalating presence of low-priced non-tax-paid cigarettes, which has resulted in a loss of a level playing field and a significant decline in volumes within the legitimate tobacco sector. In a media briefing to address the profound challenges gripping the tax-paid […]