Pakistan to miss budget deficit goal
ISLAMABAD: A new International Monetary Fund report showed that Pakistan is set to miss this fiscal year’s budget deficit target by approximately Rs1 trillion, as the global lender anticipates the country’s increased reliance on loans in the coming years. The IMF released the report from Washington on the same day Pakistan’s finance minister sought assistance […]
Korda chases LPGA history at Chevron Championship
LOS ANGELES: World number one Nelly Korda will be chasing a record-equalling fifth straight LPGA triumph when the Chevron Championship, the first women’s major of the year, tees off on Thursday in Texas.The American, who pushed her 2024 winning streak to four tournaments with a victory in the LPGA Match Play in Las Vegas this […]
X working with government to ‘understand concerns’ over ban
Social media platform X said Thursday it would work with the Government of Pakistan “to understand its concerns” after authorities insisted an ongoing two-month ban was based on security grounds. The platform, formerly known as Twitter, has been rarely accessible since February 17, when jailed former prime minister Imran Khan’s party called for protests following […]
President calls for reconciliation to end political polarisation
ISLAMABAD: President Asif Ali Zardari on Thursday called for turning a new page and making a fresh start, emphasising meaningful dialogue, parliamentary consensus, and fostering an atmosphere of mutual respect and political reconciliation to overcome polarisation and address the challenges facing the country. “In my considered view, it is time to turn a new page… […]
$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 […]
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 […]
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 […]
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 […]