Category: National

China rolls over $2.4 billion loan with Pakistan for two years to strengthen Islamabad’s foreign reserves

EXIM Bank of China has rolled over its loan of $2.4 billion with Pakistan for two years to strengthen Islamabad’s foreign reserves. The announcement was made by Finance Minister Ishaq Dar on his Twitter handle. According to ARY News, the federal government has revised the terms and conditions for the debt rollover. Pakistan is also exempted from paying additional interest on the loan.

Farah Gogi shuns reports of her becoming witness against Bushra Bibi and Imran Khan as ‘baseless and false’

 Farhat Shahzadi — famously referred to as Farah Gogi, has refuted the claims of becoming a witness against Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan and his wife, Bushra Bibi. The friend of the former first lady denied appearing as a witness against the ex-premier and his wife, terming the news “baseless and false”, Geo News reported.

Wife of civil judge booked for allegedly torturing 14-year-old maid at her home

Islamabad police have registered a case against the wife of a civil judge Asim Hafeez for allegedly torturing a teenage girl working as a maid at her home. The harrowing case of the suspect nominated in the case allegedly beating up a 14-year-old girl regularly, came to light when the victim was shifted to a hospital in Lahore with serious injuries. 

‘False’ report and a ‘big joke’ : PML-N takes back idea of Ishaq Dar as caretaker PM after rejection from all ends

A day after it dropped strong hints about Ishaq Dar being the most suitable candidate for caretaker prime minister, the PML-N appears to be back-pedaling, apparently in the wake of outright rejection of the idea by both its ally PPP and the opposition PTI. While a PPP minister described the report as ‘false’, the PTI chairman said Mr Dar as caretaker PM would be a ‘big joke’.

Another cross-border love story: Indian woman arrives to marry man in KPK

An Indian woman has travelled to Pakistan in order to marry and stay with a man from Khyber-Pakhtunkhwa after their Facebook friendship turned into a love affair. Thirty-five-year-old Anju, a resident of the Indian city of Delhi, embarked upon the journey to the country a few days ago to see her 25-year-old lover, Nasrullah, who hails from the scenic region of Upper Dir.

Pakistan approves framework agreement with UAE to hand over two more Karachi Port terminals

Pakistan gave initial approval on Monday for signing a framework agreement with the United Arab Emirates (UAE) to hand over two more Karachi port terminals, including the development of a new multipurpose cargo terminal. This will be the second major seaport terminal deal that Pakistan will sign with the UAE in less than two months.

Government approves massive power tariff hike to meet IMF demands

In a late-night move, the federal cabinet approved a massive hike in electricity base tariff through circulation summary as Pakistan is moving ahead to meet the IMF conditions. The federal government has increased the basic power tariff by Rs3 to Rs7.5 per unit for several consumers on the recommendation of the National Electric Power Regulatory Authority (Nepra).

Cipher issue revived to disqualify me from contesting elections: Imran Khan

Former prime minister Imran Khan sees the resurgence of the cipher controversy as an apparent bid to disqualify him from contesting elections by the ruling parties who, according to him, have “shot themselves in the foot”. The PTI chairman, who had promised a ‘proper expose’ on the controversy, spoke for almost half an hour but did not provide any fresh evidence to back oft-repeated allegations. 

Petroleum dealers threaten to close down pumps from 22 July after government failed to honour its commitment 

Petroleum dealers in Pakistan have issued a warning to close down filling stations across the country indefinitely, starting from Saturday morning. The decision comes after the outgoing government failed to honour its commitment of increasing their profit margins, leaving them dissatisfied with the current situation. Minister of State (Petroleum Division) Musadik Malik had reached out to the association’s chairman.

24 Pakistani students from Karachi participate in prestigious Space Camp in Huntsville

With an aim to promote and expand Science, Technology, Engineering, and Mathematics (STEM) education in Karachi schools, 24 Pakistani students, both male and female, are currently taking part in the US Space and Rocket Center’s prestigious Space Camp in Huntsville, Alabama. Students from three schools in Karachi made it to the camp with the help of a US government-funded grant.