Pakistan urges IMF to ease bailout terms

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday urged the managing director of the International Monetary Fund (IMF) to ease certain stringent loan conditions in light of the devastating floods. However, the global lender is expected to first review Pakistan’s budget to verify whether substantial allocations have been made for relief and rehabilitation of the affected … Read more

Azeri flight makes emergency landing

KARACHI: A foreign airline flight from Azerbaijan to India made an emergency landing at Karachi airport on Tuesday night after developing a technical fault midair. According to sources, the Silk Way Airlines flight was en route from Baku, Azerbaijan, to Chennai, India, when it experienced a malfunction while flying thousands of feet above the Arabian … Read more

Pakistan starts regulating digital assets

[ ISLAMABAD: Pakistan on Wednesday started regulatory framework for digital assets, formally initiating the licensing process for international cryptocurrency exchanges by inviting global service providers to submit applications to operate in the country. The call for applications was issued by the Pakistan Virtual Assets Regulatory Authority. Statistics indicate that Pakistan is among the largest unregulated … Read more

Jaffar Express halted after track blast

LAHORE/QUETTA: The Jaffar Express scheduled to depart from Quetta for Peshawar on Wednesday was cancelled, the railway officials confirmed, adding that services will remain suspended for the next three days as repair work continues on the damaged track. Authorities confirmed that the passengers have been given full refunds. A day earlier, a railway track in … Read more