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PM Imran, first lady perform Umrah
Prime Minister Imran Khan performed Umrah while on a visit to Saudi Arabia for the 14th Summit of Organisation of Islamic Cooperation (OIC), reported Express News.
He was accompanied by his wife and delegation. Punjab Chief Minister Usman Buzdar and Khyber-Paktunkhwa (K-P) Chief Minister Mahmood Khan also accompanied him.
During the pilgrimage, the premier prayed for the peace and prosperit... |
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PTI govt sets 4% GDP growth target for next fiscal year
ISLAMABAD:
The National Economic Council (NEC) on Wednesday approved a target of 4% GDP growth for the financial year 2019-20.
A meeting of the council chaired by Prime Minister Imran Khan also approved a national development outlay of Rs1.837 trillion for the next fiscal year that includes funds for the federal Public Sector Development Programme (PSDP) and the provincial Annual Development ... |
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Fake accounts case: Bilawal appears before NAB
ISLAMABAD:
Pakistan Peoples Party chairman Bilawal Bhutto Zardari on Wednesday recorded a statement at the National Accountability Bureau (NAB) headquarters in an inquiry related to money laundering of billions through fake accounts case.
Bilawal was questioned regarding kickbacks received by the Zardari Group of Companies – of which he is a director. Reportedly, he was given a questionnaire ... |
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No one allowed to undo struggle against terrorism in tribal areas: DG ISPR
Hours after a deadly clash between Pashtun Tahafuz Movement (PTM) supporters and the security forces in North Waziristan tribal district, the top military spokesperson on Sunday vowed not to allow anyone to ‘undo the gains of decades-long national struggle and sacrifices of brave Pakistani tribesmen’.
At least five soldiers were injured after a PTM mob, led by national assembly members Ali Wazi... |
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PM Imran congratulates Modi as Pakistan renews call for talks
ISLAMABAD:
Prime Minister Imran Khan congratulated on Thursday his Indian counterpart Narendra Modi over his party’s landslide victory in elections, vowing to work with him for peace and prosperity.
“I congratulate Prime Minister Modi on the electoral victory of BJP and allies. Look forward to working with him for peace, progress and prosperity in South Asia,” Imran tweeted after official c... |
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Saudi Arabia to give Pakistan $3.2b oil on deferred payments from July
Pakistan has announced that the delayed $3.2 billion Saudi oil and gas facility on deferred payments would become operational from July this year, which is likely to partially relieve pressure on external sector payments.
The announcement was made by Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh through his newly created twitter account @a_hafeezshaikh. Shaikh had no twitter accou... |
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Pakistan condemns Houthi missile fire towards Makkah
Pakistan condemned on Tuesday the firing of two ballistic missiles by Yemeni Houthis towards Makkah which were intercepted by Saudi Arabia.
The Foreign Office hit out at the aggression and commended the Saudi defence forces for intercepting the missiles.
“Islamabad reaffirms its solidarity with Saudi Arabia and reiterates its support against any threat to the security of the Kingdom,” the co... |
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Monetary policy: SBP hikes interest rate by 150bps to 12.25%
KARACHI:
The State Bank of Pakistan (SBP) has hiked key interest rate by 150 basis points to 91-month(nearly eight years) high at 12.25% in anticipation of acceleration in inflation under the International Monetary Fund’s (IMF) loan programme on Monday.
The monetary policy committee at the central bank tightened the policy keeping in view the rising inflationary pressure due to rupee deprecia... |
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Opposition puts up 'grand show' at Iftar-dinner in Islamabad
Opposition parties put up a grand show at an Iftar-dinner hosted by Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari in the federal capital on Sunday.
This is the first occasion when Bilawal and Maryam Nawaz met face to face as key leaders of their respective parties.
The daughter of three-time prime minister Nawaz Sharif was leading a delegation of PML-N leaders including former... |
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No oil, gas reserves found off Pakistan shore
ISLAMABAD:
The 18th attempt to find hydrocarbons off the shore of Pakistan has been futile as no oil and gas reserves have been found.
Around four months ago, Italian firm ENI, the operator of the Kekra-1 offshore block, started drilling in a joint venture with US firm ExxonMobil — one of the world’s largest oil and gas firm — and the Oil and Gas Development Company Limited (OGDCL).
“Howev... |
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