Karachi: Pakistan’s foreign exchange reserves increased by $180 million during the week, the State Bank of Pakistan (SBP) said on Thursday. Total reserves now stand at $19.678 billion, of which the SBP holds $14.27bn, while commercial banks’ reserves inched up to $5.34bn, the central bank noted. Meanwhile, wheat and sugar […]
ISLAMABAD: The inaugural session of the 11th National Finance Commission (NFC), originally scheduled for August 29, has been postponed due to the worsening flood situation in Punjab and Sindh, officials confirmed on Thursday. The session was deferred at the request of the Sindh government, which cited the ongoing emergency in […]
PESHAWAR: Pakistan’s star batter Babar Azam will represent Peshawar Zalmi in a special charity match to raise funds for flood-affected communities in Khyber Pakhtunkhwa. The “Flood Relief Exhibition Match”, to be held on August 30 at the newly built Imran Khan Cricket Stadium, Peshawar, carries the slogan “Khel Se Khidmat” […]
TEHRAN: France, Britain, and Germany on Thursday formally triggered a UN mechanism to reimpose sanctions on Iran, accusing Tehran of failing to comply with its commitments under the 2015 nuclear agreement. In a letter to the UN Security Council, the three powers said they considered Iran to be in “significant […]
ISLAMABAD: The Pakistan Meteorological Department (PMD) has forecast heavy rains accompanied by thunderstorms across the country between August 29 and September 2, warning of potential floods, landslides and urban flooding in vulnerable areas. According to the alert, Islamabad is likely to receive more rains with thunder during this period. In […]
ISLAMABAD – The Economic Coordination Committee (ECC) of the Cabinet on Thursday approved a technical supplementary grant of Rs30.216 billion to facilitate the “smooth” closure of the Utility Stores Corporation (USC). The decision, taken at a meeting chaired by Finance Minister Muhammad Aurangzeb, will ensure an orderly shutdown of USC […]
ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Thursday received a telephone call from President of the Republic of Türkiye, Recep Tayyip Erdogan. President Erdogan expressed deep sorrow over the recent floods in different parts of Pakistan. He conveyed solidarity with the people of Pakistan over the loss of precious lives […]
LAHORE: Widespread flooding caused by the Sutlej, Ravi and Chenab rivers has displaced hundreds of thousands of people across Punjab, submerging villages, damaging infrastructure and destroying vast tracts of farmland. The rivers, swollen by heavy rains and water releases from Indian dams, have reached dangerous levels. Officials warned that floodwaters […]
SIALKOT: The Punjab government on Thursday ordered closure of all educational institutions in Sialkot after severe flooding hit the district, while the collapse of Guna Bridge on the Sialkot–Pasrur Road severed the land link between the two cities. A notification issued by the authorities directed strict compliance with the shutdown […]
ISLAMABAD: Chairman Senate Syed Yousuf Raza Gilani on Wednesday met Spanish Senator Vicente Azpitarte Pérez, discussed measures to strengthen bilateral parliamentary relations, expand trade and cultural cooperation, and extend mutual support at the global level. Chairman Gilani said Pakistan attaches great importance to its relations with Spain, particularly within the […]