Pakistan News

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  • Pakistan, China refute Financial Times' CPEC report, resolve to expand cooperation

    The governments of both Pakistan and China on Monday refuted an article published in the Financial Times (FT) which had alleged that Pakistan is looking to renegotiate its position in Beijing's Belt-Road Initiative (BRI)...

    In the article "Pakistan rethinks its role in Xi’s Belt and Road plan" the FT, while quoting Adviser for Commerce, Textile, Industry and Production, and Investment Abdul Razak Dawood, said Pakistan "should put...

  • JIT report finds 'glaring discrepancies' in Sharif family's financial history

    The JIT's report on the probe, sections of which circulated Monday evening, suggests that Prime Minister Nawaz Sharif, his sons Hassan Nawaz and Hussain Nawaz, as well as daughter Maryam Nawaz have been found in violation of Section 9 of the National Accountability Bureau (NAB) Ordinance, 1999...

    1, 6, 7 and 8 have been observed," the JIT observed in its concluding remarks in the report...

  • Financial over-reliance on India a weakness, says ICC report

    The analysis in the form of a report mentioned the breakaway rebel governing body, the proposed T10 format and lack of interest from broadcasters among 18 ‘threats’ faced by international cricket right now...

    Read more: Do India and Pakistan deserve being cricket's top-ranked sides?The SWOT (Strengths, Weaknesses, Opportunities and Threats) analytical report mentioned the need to enlist the services of global influencers and cricket...

  • Pakistan wants the US's trust, not its financial assistance: COAS

    Pakistan does not want material or financial assistance from the US, but needs to be trusted and treated with respect, Chief of Army Staff (COAS) Gen Qamar Javed Bajwa told US Ambassador David Hale on Wednesday...

    While announcing the new Afghan policy ? which calls for greater troop deployment and Indian involvement in Afghanistan ? Trump had lambasted Pakistan for offering for offering safe havens to “agents of chaos”...

  • Glaring financial irregularities found in Pakistan’s UK mission

    ISLAMABAD: Federal auditors have pointed out a number of serious natures of financial and administrative irregularities in the books of the Pakistan High Commission in London, and its three consulates elsewhere in the United Kingdom...

    According to the report, ready to be laid before the National Assembly and taken up by the Public Accounts Committee (PAC), the national exchequer was deprived of valuable foreign exchange and Pakistani...

  • ‘Pakistan shooters need financial boost’

    KARACHI: On the occasion of Pakistan Day, several sport shooters, a few of whom also happened be ladies, took part in the day-long Sindh Open Pistol and Rifle Shooting Competition held at the Arabian Sea Country Club Ltd on Wednesday...

    The competition, following International Sport Shooting Federation (ISSF) and National Rifle Association Pakistan (NRAP) rules, was held in the following categories: Big bore pistol for professional...

  • Pakistan Steel Mills financial woes continue

    KARACHI: As the financial health of Pakistan Steel Mills (PSM) continues to deteriorate, the grievances of its serving and retired employees have increased manifold — with no respite in sight any time soon...

    The staff of Pakistan Steel Mills — which falls under the federal government — has been deprived of the yearly pay hike for the last many years owing to the precarious financial condition of the mill...

  • Pakistan’s tour of Zimbabwe in limbo over financial issues

    KARACHI: Pakistan could face a lengthy break from international arena after June onwards if the scheduled tour of Zimbabwe in August fails to materialise owing to serious financial crisis within that country’s cricket board, it emerged on Tuesday...

    According to well-placed sources in the Pakistan Cricket Board (PCB), the national team is slated to play a full series of two Tests, three One-day Internationals and two Twenty20...

  • Dar blames past govts for financial woes

    Senator Dar accused the government of retired General Pervez Musharraf and the coalition led by the Pakistan Peoples Party of bringing the economy to what he called “the brink of disaster”...

    At the top of the positive developments, which Senator Dar hoped would bring prosperity to the country, was the China-Pakistan Economic Corridor (CPEC)...

  • China leaders discuss financial reforms, growth

    BEIJING: China’s ruling Communist Party opened a key meeting on Monday that will focus on financial reforms and how to maintain growth of around seven per cent and more broadly map out economic and social targets for the next five years...

    Monetary policy easing in the world’s second-largest economy is at its most aggressive since the 2008/09 financial crisis, as growth looks set to slip to a 25-year-low this year of under 7pc... ...

  • US says no sense of financial crisis developing

    WASHINGTON: US Treasury Secretary Jacob Lew says that the decision of British voters to leave the European Union is “an additional headwind” for the US and global economies but “there is no sense of a financial crisis developing”...

    Lew said he has been in regular contact with finance ministers from other countries as well as financial market participants around the world and “we will continue to consult closely in the days, weeks and...

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