LAHORE (APP) – Prime Minister Shehbaz Sharif on Wednesday expressing annoyance over the performance of the Special Technology Zones Authority (STZA), formed a committee to ensure revival of the body’s operations. The prime minister, chairing a high-level meeting on the STZA, said that the committee would be headed by Finance Minister Ishaq Dar and comprise...
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Category: China
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US briefed 40 nations on China spy balloon incident, diplomats and official say
Sailors assigned to Explosive Ordnance Disposal Group 2 recover a suspected Chinese high-altitude surveillance balloon that was downed by the United States over the weekend over U.S. territorial waters off the coast of Myrtle Beach, South Carolina, US, February 5, 2023.— Reuters US briefed nearly 150 foreign diplomats. US officials say balloon linked to extensive...
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Sri Lanka bankruptcy to last until 2026: president
COLOMBO: Sri Lanka’s president said Wednesday the island nation will remain bankrupt for at least three more years as he works to repair battered government finances following an unprecedented economic crisis. Ranil Wickremesinghe took office last year at the peak of national unrest sparked by months of food, fuel and medicine shortages. He has since...
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Sri Lanka seen returning to growth by year-end, president says
Sri Lanka’s President Ranil Wickremesinghe arrives with commanders of three forces to attend the country’s 75th Independence Day celebrations in Colombo, Sri Lanka February 4, 2023.— Reuters Sri Lanka’s economic crisis expected to end by 2026. Country defaulted and sought 2.9 billion bailout from IMF. Sri Lanka also working with China to obtain financing assurances. COLOMBO:...
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China lodges protest with US over shooting down of ‘civilian’ balloon
Share: Anadolu 2:10 PM | February 08, 2023 China has lodged a strong protest with the US over the shooting down of its balloon and has urged Washington not to take any actions that could escalate and complicate the situation. The Chinese Embassy in Washington stated on Tuesday that its Charge d’Affaires Xu Xueyuan made...
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Children pulled from rubble as Turkiye -Syria quake toll tops 9,500
ANTAKYA: Heartrending scenes of a newborn plucked alive from the rubble and a broken father clutching his dead daughter’s hand have laid bare the human cost of the earthquake in Syria and Turkiye that by Wednesday had claimed over 9,500 lives. For two days and nights since the 7.8 magnitude quake an impromptu army of...
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PM Shehbaz forms committee to make Special Technology Zones Authority functional
Featured File Photo Shehbaz Sharif Prime Minister Muhammad Shehbaz Sharif, while expressing displeasure over the performance of Special Technology Zones Authority, has formed a committee under the chairmanship of Finance Minister Ishaq Dar to make the Authority functional. Presiding over a high-level meeting regarding Special Technology Zones Authority in Islamabad today, he said wastage of...
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Sri Lanka bankruptcy to last until 2026: president
COLOMBO: Sri Lanka’s president said Wednesday the island nation will remain bankrupt for at least three more years as he works to repair battered government finances following an unprecedented economic crisis. Ranil Wickremesinghe took office last year at the peak of national unrest sparked by months of food, fuel and medicine shortages. He has since...
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Copper climbs on Powell’s remarks, supply headwinds
BEIJING: Copper prices rose on Wednesday, as investors saw comments by US Federal Reserve Chair Jerome Powell on interest rates as less hawkish, while ongoing supply disruptions also supported the metal. Three-month copper on the London Metal Exchange was up 1.1% at $9,021 a tonne by 0732 GMT. The dollar eased on Wednesday after Powell...
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Microsoft sees ‘new day’ in war with Google over AI search engines
Microsoft’s long-struggling Bing search engine will integrate the powerful capabilities of language-based artificial intelligence, CEO Satya Nadella said on Tuesday, declaring what he called a new era for online search. “It’s a new day for search… The race starts today,” Nadella said at a launch event, marking the start of what Microsoft hopes will be...