PEOPLE are flocking to Disneyland in Orlando, Florida, just as they do every summer. The relaxation of pandemic rules means tourists feel much more comfortable interacting with others in crowded places. Surprises await those who venture to Orlando. The US labour shortage means that America has millions of more jobs …
Read More »Bitcoin slips to nearly $20K; Citi predicts 50pc chance of recession
Bitcoin (BTC) slipped under the $20,000 level in Asian hours on Wednesday as a brief relief rally seemed to reverse amid recession fears in broader equity markets. Prices dropped to just over $19,900 at press time, causing a 4pc loss for traders in the past 24 hours and adding to …
Read More »Pakistan, China ink $2.3bn loan deal
Pakistan Wednesday inked a $2.3 billion loan facility agreement with a consortium of Chinese banks to help shore up the depleting foreign exchange reserves and appreciate the fast depreciating rupee. Finance Minister Miftah Ismail announced the development on his Twitter handle, revealing that the inflows were expected within a couple …
Read More »IMF agreement
WITH differences between Pakistan and the IMF over the government’s budget and macro targets for the next fiscal yet to be resolved, Washington is believed to have agreed to intervene at the behest of Islamabad to help it clinch a deal with the lender. That Pakistan needs the IMF programmed …
Read More »At least two people were wounded in an attack on a Sikh temple in the Afghan capital Kabul
At least two people were wounded in an attack on a Sikh temple in the Afghan capital Kabul on Saturday morning, officials said. “There were around 30 people inside the temple. We don’t know how many of them are alive or how many dead. The Taliban are not allowing us …
Read More »Hackers crash internet as ‘Russian Davos’ adjusts to new reality
MOSCOW: Hackers on Friday delayed the start of President Vladimir Putin’s speech to Russia’s flagship economic forum, shorn of strong Western participation as Russia adjusts to the “new reality” of life under Western sanctions. State companies made a point of publicly signing deals and many firms had stalls with floor-to-ceiling …
Read More »Buoyed by hopes of exiting FATF grey list, PSX gains over 450 points in early morning trade
The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index opened in the green on Wednesday after losing over1,100 points earlier this week, and soared more than 400 points in the early hours of trading after investors regained confidence over hopes Pakistan may exit the FATF’s grey list. According to the PSX website, …
Read More »Pak-UK trade volume to double by 2025: High Commissioner
British High Commissioner to Pakistan, Dr Christian Turner said that bilateral trade with Pakistan would double by next year 2025 and in this regard a consensus between the two governments was in the making. The United Kingdom (UK) is Pakistan’s third largest global trade partner, with Pakistan’s exports reaching $2.1b …
Read More »Pakistan, China agree to jointly combat terrorism
The military leadership of China and Pakistan Sunday agreed to step up their cooperation, building on their strategic partnership in the challenging times. A high-powered military delegation from Pakistan – comprising senior military officials from the army, navy and air force – visited China from June 9 to 12 as …
Read More »SITUATIONER: Why America gives India a ‘wide berth’
While condemning two Bhartiya Janata Party (BJP) officials for making derogatory remarks against Islam and the Holy Prophet (peace be upon him), the US State Department on Tuesday also underlined the importance of its bilateral relations with India. Analysts in Washington also noticed a similar approach — condemning the offensive …
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