WASHINGTON: In its first assessment of the human rights situation in Pakistan under the incumbent government, the US State Department notes the human rights situation in the country remains a cause of concern. Released on Monday, the annual State Department report refers to several events that occurred in 2022, including former premier Imran Khan’s Azadi...
[location-weather id='16258']
Author: Dawn News
Post
Post
UN ‘survival guide’ report a stark warning on climate
PARIS: Devastating climate impacts are hitting faster than expected as the world teeters on reaching the 1.5 degree Celsius warming limit in a little over a decade, the UN said on Monday. Temperatures seen in recent years have stoked destructive storms and flooding, crop-wilting heatwaves, and deadly droughts. But generations to come will look back...
Post
Credit Suisse buyout faces harsh criticism at home
GENEVA: UBS’s emergency takeover of its troubled Swiss rival Credit Suisse, with significant backing and arm-twisting from Bern, sparked fears on Monday it could weaken the country’s biggest bank and financial sector as a whole. Switzerland was in shock after its largest bank had agreed under pressure from Swiss authorities to swallow up the second...
Post
Current account deficit declines 68pc
KARACHI: Current account deficit declined by 68 per cent to $3.8 billion during the first eight months of the current fiscal year (FY23) from $12bn during the same period last year. February showed a healthy sign as the CAD fell to just $74 million against $519m last year, the lowest monthly deficit recorded since February...
Post
Up 10pc in Feb, FDI falls by 40pc in eight months
KARACHI: Despite odd situation on both economic and political fronts, the inflow of foreign direct investment in February increased by 10 per cent but the overall eight months’ inflows fell by over 40 per cent. The data released by State Bank of Pakistan on Monday shows that the FDI during February was $100.9 million compared...
Post
Centre looks to implement ‘discounted’ fuel regime
• Musadik announces Rs100 fuel discount for motorcyclists, owners of cars up to 800cc • Monthly quota for motorbikes will be 21 litres, cars to be allowed one full tank LAHORE: Just a day after the announcement of Rs50 subsidy on each litre of petrol for the ‘less privileged’, State Minister for Petroleum Dr Musadik...
Post
Committee to lead party if I’m arrested: Imran
Khan tells Reuters his life is more at threat than before Khan: Nationwide reaction if attempt to arrest or kill me Khan: Pakistan military feels threatened by me Former prime minister Imran Khan has formed a committee to lead his party if he is arrested, he told Reuters hours before an appearance before a court...
Post
Kazakhstan votes in snap parliamentary polls
ASTANA: Kazakhstan on Sunday voted in snap parliamentary polls that saw new faces on the ballot, but opposition parties still barred one year after deadly protests shook the Central Asian country. The huge, oil-rich nation is wedged between its former Soviet master Russia and China, which is gaining status in Central Asia as an economic...
Post
UBS to take over Credit Suisse for over $3 billion
BERN: The Union Bank of Switzerland agreed to buy rival bank Credit Suisse for three billion Swiss francs ($3.23bn) in stock and agreed to assume up to five billion francs ($5.4bn) in losses, in a shotgun merger engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. The deal includes 100bn Swiss francs...
Post
COMPANY NEWS
PNSC MoU with ENAR To explore avenues for reducing operational costs, a memorandum of understanding was signed between Pakistan National Shipping Corporation (PNSC) and ENAR Petroleum Refining Facility on March 16, 2023, as per a press release. ENAR will provide very low Sulphur fuel oil for PNSC vessels. All PNSC vessels calling at Karachi Port...