Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, announced that the Pakistan economy is open to receiving foreign direct investments from US companies. Speaking to Bloomberg News during his week-long visit to Washington, Aurangzeb revealed that Pakistan plans to issue its first-ever Panda bond this year. The bond will range between 200 million dollars and 250 million dollars. The Finance Minister was in the United States to attend the spring meetings of the International Monetary Fund (IMF) and the World Bank. He said Pakistan aims to increase its imports from the US, particularly focusing on buying cotton and soybean.…
Author: Web Desk
In a shocking tragedy, at least 26 people lost their lives and 17 others were injured during the Pahalgam attack in Indian Illegally Occupied Jammu and Kashmir (IIOJK). Police confirmed the grim news on Wednesday. The assault, one of the worst in almost two decades, targeted tourists at the popular site of Pahalgam, located about 90 kilometers from Srinagar. The deadly Pahalgam attack happened on Tuesday. It unfolded in an off-road meadow, catching tourists by complete surprise. Among the deceased were 25 Indian nationals and one person from Nepal, according to the police. The incident came just a day after…
KABUL: The Taliban government has launched a major Taliban Security Forces Reduction plan, cutting its security personnel by 20 percent. Defence Minister Yaqub Mujahid signed an internal letter ordering the dismissals. According to the document, the process must start by removing those labelled “undesirable and unpopular.” The order was sent to the Ministry of Interior and the General Directorate of Intelligence. It follows a broader directive issued by Taliban leader Hibatullah Akhundzada on April 12. The leadership instructed key security agencies, including the Ministry of Defence, to reduce staff due to financial strain. Those removed will be shifted to “active…
KARACHI: Sindh Chief Minister Murad Ali Shah has issued a serious warning to the federal government over the Sindh Canals Project, saying that if the plan is not halted, his party might rethink its support. However, he made it clear that they do not want to reach that point. “Let’s sit and talk. Dialogue is the only way forward,” he urged while speaking on a private TV channel. Murad Ali Shah reminded viewers that even during a past caretaker government, a certificate from IRSA (Indus River System Authority) had been obtained. “We must avoid repeating mistakes where interim setups make…
PESHAWAR: Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur has firmly defended the Mines and Minerals Bill 2025, rejecting social media criticism as “propaganda.” He declared that the proposed law is a provincial initiative and would be passed under the directions of PTI’s founder, Imran Khan. During an important briefing on Monday, Gandapur dismissed the ongoing criticism against the Mines and Minerals Bill 2025. “This legislation is purely ours. We will pass it according to the founder’s guidance,” he affirmed. He accused certain elements of building a false narrative against the bill on social media platforms. The Chief Minister clarified that…
ISLAMABAD: The government has decided to tap the domestic capital market by issuing Pakistan’s first Sustainable Investment Sukuk. This major move aims to raise funds for three clean energy projects that urgently need an additional Rs52 billion for completion. The bonds will be floated under the newly approved Sustainable Investment Sukuk Framework. The federal cabinet gave its nod to the framework earlier this month. Officials from the finance ministry said the size of the first Sukuk issue could be around Rs30 billion. According to sources, the funds raised through this Sustainable Investment Sukuk will finance the ongoing construction of three…
ISLAMABAD: The federal government has decided to form a high-level negotiations committee to address the concerns over the Indus Canals Project. Deputy Prime Minister Ishaq Dar will lead this committee, Pakistan Muslim League-Nawaz (PML-N) sources confirmed on Monday. The committee will consist of key ministers, including those handling planning, water resources, energy, and food security. It will also include the prime minister’s adviser on political affairs, as well as experts on water and agriculture. Their main goal is to resolve the controversy surrounding the Indus Canals Project through dialogue. Massive protests have erupted across Sindh against the proposed canals on…
A severe heatwave has taken over Pakistan, forcing the National Disaster Management Authority (NDMA) to announce a heat alert until April 27. The country braces for extreme heat and dry weather in the upcoming days. Karachi suffered the worst effects of the severe heatwave on Monday. The temperature soared to 41 degrees Celsius. Without the cooling effect of sea breezes, the real feel went beyond 44 degrees Celsius. This marked an increase of six degrees from the normal average for April. The Pakistan Meteorological Department (PMD) forecasted that sea breezes might return by Thursday. However, until then, Karachi and other…
Karachi Kings pulled off a nail-biting two-wicket win against Peshawar Zalmi in a low-scoring clash at the National Bank Stadium, Karachi, on Monday. Thanks to David Warner’s solid half-century and Khushdil Shah’s composed innings, the Kings chased down a tricky 148-run target. Chasing on a difficult surface, Karachi Kings sealed victory on the third ball of the final over. Hasan Ali smashed Hussain Talat for a boundary on the leg side to complete the tense run chase. The Kings’ start was disastrous. Tim Seifert fell for a golden duck on the first delivery, beaten by Luke Wood’s brilliant in-swinger. Things…
After a break from acting, Aamir Khan is preparing for his grand return to the big screen. His upcoming film, Sitaare Zameen Par, is set to hit theaters on June 20, 2025. This news comes after several weeks of rumors about the movie’s release date. The film, directed by RS Prassana, is a blend of sports and drama with a slice-of-life approach. A source close to the development mentioned that Aamir Khan initially thought about releasing the film on May 30. However, he has now chosen June 20 for the release, allowing him a two-week clear window at the box…
