Explosions in Iran, US media reports Israeli strikes
Iran’s state media reported explosions in the central province of Isfahan Friday, as US media quoted officials saying Israel had carried out retaliatory strikes on its arch-rival. Air defence systems over several Iranian cities were activated, state media reported, after the country’s official broadcaster said explosions were heard near the city of Isfahan. Israel had […]
Ex-PML-N minister berates incumbent one
LAHORE: Federal Information Minister Attaullah Tarar is a child and his statement is not worthy of a response, his fellow PML-N leader and former portfolio-less federal minister Javed Latif on Thursday said in the wake of the former’s remarks during a news conference that he did not take the allegations levelled by the latter of […]
Aurangzeb banks on strong economic indicators for stable rupee
ISLAMABAD: Finance Minister Muhammad Aurangzeb held wide-ranging talks with key officials of the International Monetary Fund (IMF) and the World Bank as well as senior US administration officials in Washington and discussed with them the government’s ongoing economic reforms and other matters. According to a finance ministry spokesperson, Aurangzeb, who is in Washington on […]
Power sector faces Rs560b in losses
ISLAMABAD: Federal Minister for Energy Sardar Awais Leghari said on Thursday that the country would face Rs560 billion in losses in the power sector by the end of June this year. He mentioned that Rs200 billion are billed in the power sector but remain unrecovered from consumers, while another Rs300 billion are lost due to […]
IMF clubs Pakistan with war-torn countries
ISLAMABAD: The International Monetary Fund (IMF) has clubbed Pakistan among six nations facing serious conflicts this year and said that conflicts and tight macroeconomic policy conditions would have a toll on their economic outputs. Separately, Finance Minister Muhammad Aurangzeb met with IMF Managing Director Kristalina Georgieva in Washington on Wednesday. The minister showed Pakistan’s interest […]
Wildlife dept recovers several wild animals from mela
KARACHI: The Sindh Wildlife Department (SWD) has recovered several wild animals that were being unlawfully used for entertainment purpose at the Eid Mela (fair) near Kala Pul on Korangi Road. A team of game wardens, led by Inspector Ijaz Nodani, confiscated two monkeys, a honey badger, an eagle, and a fox that were put on […]
PIA eyes profit with EU flights resumption
LAHORE: In a pivotal session of the Pakistan International Airlines (PIA) holding company’s board of directors, participants were briefed on the potential lifting of the ban on PIA flights to Europe next month, foreseeing substantial profits for the airline and aiding its privatisation. During the Thursday meeting, fresh insights into the reorganisation of PIA were […]
Northrop Grumman working with SpaceX on US spy satellite system
WASHINGTON: Aerospace and defence company Northrop Grumman is working with SpaceX, the space venture of billionaire entrepreneur Elon Musk, on a classified spy satellite project already capturing high-resolution imagery of the Earth, according to people familiar with the program. The program, details of which were first reported by Reuters last month, is meant to enhance […]