ISLAMABAD – The Saudi Fund for Development (SFD) has signed a $240 million loan agreement to support Pakistan's Mohmand Multipurpose Dam Project, a major hydropower complex that will contribute to energy security, increase sustainable water supply and improve resilience to floods in the ...

A spokesperson for Pakistan's Commerce Minister Naveed Qamar on Saturday dismissed reports of trade between Pakistan and Israel as "sheer propaganda." This statement was made in response to claims made by the American Jewish Congress that a shipment of Pakistani food products had been delivered ...

ISLAMABAD – Former US envoy to Afghanistan Zalmay Khalilzad continued to remain up in arms against the Pakistani government as he shared another tweet, despite being told to avoid commenting on the country’s internal matters. Foreign Office earlier reacted strongly to Khalilzad’s comments ...

Senior journalists and bureaucrats recently sat down with General (retd) Qamar Javed Bajwa link for a lengthy and frank conversation in which he admitted that former prime minister Nawaz Sharif was ousted by the military establishment. Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan, his ...

Minister for Planning, Development and Special Initiatives Professor Ahsan Iqbal Friday chaired a meeting of the Central Development Working Party (CDWP) that approved six development projects worth Rs 21.28 billion. The meeting, attended among others by the Secretary Planning, Chief Economist, ...

Islamabad: All Pakistan Textile Mills Association has warned that the country's textile sector is close to default, so far 7 million people have become unemployed. According to the details, All Pakistan Textile Mills Association has written a letter to Governor State Bank, expressing serious ...

Beijing has voiced serious concerns about $1.5 billion in overdue payments to CPEC independent power plants (IPPs), as well as currency exchange restrictions imposed by the State Bank of Pakistan. In a letter to the Planning Commission on March 13, 2023, Special Assistant to the Prime Minister ...

ISLAMABAD – Moody’s Investors Service has downgraded the long-term deposit ratings link of five Pakistani banks to Caa3 from Caa1. The noted rating agency downgraded long-term foreign currency Counterparty Risk Ratings of five commercial banks including Allied Bank Limited (ABL), Habib Bank ...

The Foreign Office on Thursday claimed seven Pakistani nationals drowned in a boat wreck near Libya’s port city Benghazi, a few days ago. At a weekly briefing, FO spokesperson Mumtaz Zahra Baloch said the embassy of Pakistan in Libya was facilitating the process of identification of ...

ISLAMABAD – International Atomic Energy Agency (IAEA) Director General Rafael Mariano Grossi has said that Pakistan’s nuclear safety is “world-class”. Addressing a seminar in Islamabad on Thursday, the IAEA DG said Pakistan’s capacity to establish “new nuclear power plants indicates a ...