Despite a tepid beginning from Wall Street, Asian equities climbed Tuesday as dismal Chinese economy data revealed the deep cutbacks of Beijing’s zero-Covid policy, adding to inflation concerns. To combat an Omicron-fueled tsunami, China has maintained its stringent zero-Covid policy, ordering lockdowns in numerous cities and closing factories and ports.Continue Reading

The Pakistan Tehreek-e-Insaf (PTI) government borrowed $52 billion in external loans in three years and eight months, placing it first among the previous four governments. In fact, the PTI returned 70% of the debts incurred by previous governments. It had surpassed Pakistan Muslim League (PML-N), which had $49.761 billion inContinue Reading

KARACHI: PricewaterhouseCoopers (PwC) believes that Pakistan will achieve exceptional growth rates over the next three decades, overtaking industrialised nations such as Canada and Italy to become the world’s 16th largest economy by 2050 in a new report. The consultancy firm produced its first ‘World in 2050’ report in March 2006,Continue Reading

Pakistan’s exports to China surpassed 1.039 billion dollars in the first quarter of this year, from January to March, representing an almost 17 percent growth. According to figures released by the General Administration of Customs of China, China’s exports to Pakistan climbed by 28.69 percent in the first three monthsContinue Reading

ISLAMABAD (Answers.com) – Federal Interior Minister Rana Sanaullah suggested on Sunday that former Prime Minister Imran Khan might be jailed in connection with a case involving sloganeering against Prime Minister Shehbaz Sharif and his delegation at Masjid-e-Nabawi. According to Rana Sanaullah, the event involving the harassment of PML-N officials atContinue Reading

ISLAMABAD: On Saturday, hours after Hamza Shehbaz took over as Punjab chief minister, the police arrested 150 people, including Pakistan Tehreek-i-Insaf (PTI) chairman Imran Khan, party senior vice president Fawad Chaudhry, and Awami Muslim League (AML) president Sheikh Rasheed Ahmad, for blasphemy over sloganeering against Prime Minister Shehbaz Sharif andContinue Reading

SLAMABAD/RIYADH: Pakistan and Saudi Arabia will examine the prospect of extending the duration of the kingdom’s $3 billion deposit with the State Bank of Pakistan “or through other possibilities,” according to a joint statement carried by Saudi state news agency SPA on Sunday. Saudi Arabia deposited $3 billion in Pakistan’sContinue Reading

ISLAMABAD (A News) – The nephew of former Interior Minister Sheikh Rashid Ahmad was detained by government personnel disguised in civilian clothing as soon as his jet landed at New Islamabad International Airport on Sunday, according to A News. According to reports, the former minister’s nephew, MNA Rashid Shafique, wasContinue Reading

The National Institute of Folk and Traditional Heritage-Lok Virsa will hold a series of training courses in folk crafts and folk music beginning next month. The purpose of these seminars is to teach traditional skills and increase public awareness of Pakistan’s indigenous folk culture, particularly among young people. Classes includeContinue Reading