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ISLAMABAD: Pakistan has informed the International Monetary Fund (IMF) that its external sector will benefit from the floods due to an expected upsurge in remittances that may now hit $43 billion, enough to offset any dip in exports and keep the current account deficit under check. The Pakistani authorities shared their macroeconomic assessment of the … Read more
[ ISLAMABAD: The Asian Development Bank (ADB) on Tuesday kept Pakistan’s economic growth forecast unchanged at 3% and cautioned that failure to meet revenue targets and delays in executing critical reforms remain “top concerns.” In its biannual flagship publication, the Asian Development Outlook, the Manila-based lender said it did not expect any major adverse impact … Read more
The European Union is talking about shoring up defenses in its eastern airspace. Recent Russian drone incursions have lent urgency to the project.
[The vast Global Digital Trade Expo in Hangzhou stood as a rebuke to U.S. efforts to hem in China’s technology. But the real competition is internal, and profits are hard to find.
PARIS: Scientists said Wednesday they have turned human skin cells into eggs and fertilised them with sperm in the lab for the first time — a breakthrough that is hoped to one day let infertile people have children. The technology is still years away from potentially becoming available to aspiring parents, the US-led team of scientists … Read more
LOS ANGELES: Oscar-winning actress Nicole Kidman and country music star Keith Urban have separated after 19 years of marriage, various news outlets reported on Monday, citing unidentified sources. The celebrity power couple began living apart in early summer, with Urban moving out of the family home in Nashville, Tennessee, and acquiring his own residence in … Read more
NORWAY: Tottenham emerged from a chastening trip to the Arctic Circle with a 2-2 draw in the league phase of the Champions League thanks to a late own-goal by Bodo/Glimt’s Jostein Gundersen. Local-born Jens Petter Hauge scored a brace for the impressive hosts before Micky van de Ven and the 89th-minute own-goal snatched a point … Read more
KARACHI: The Pakistan Stock Exchange (PSX) extended a stellar run on Tuesday, driven by enthusiasm about the ongoing International Monetary Fund (IMF) review and deepening interest in banking shares. By the close of trading, the benchmark KSE-100 index notched up gains of 1,645.90 points, or 1%, to settle at a record high of 165,493.59. Investors … Read more
[ ISLAMABAD: Pakistan has established the Sovereign Sustainable Finance Framework to reinforce its commitment to sustainability and provide a structured approach for floating sustainable financing instruments. Through this initiative, Pakistan aims to enhance its participation in the global sustainable finance market while fostering the development of a robust sustainable financing ecosystem, according to a statement … Read more
UNITED NATIONS: A Rohingya refugee who fled ethnic violence in Myanmar along with 750,000 others in 2017, spending seven years in Bangladesh, described Tuesday the endless cycle of violence and exile facing the mostly Muslim minority. Addressing a special UN conference on the Rohingya, Maung Sawyeddollah held up a photograph of dead women and children … Read more
