Eleven developed countries commit $11 billion to World Bank to address global challenges including climate change

New Delhi: To tackle pressing international issues, and to bolster global development initiatives, eleven developed countries have pledged a substantial $11 billion towards innovative financial instruments. This funding, announced yesterday, is earmarked for the Portfolio Guarantee Platform, hybrid capital mechanism, and the new Liveable Planet Fund. The Liveable Planet Fund is a newly established initiative […]

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IMF calls on EU to deepen single market integration to boost growth

Deeper integration of the European Union’s internal market could prove crucial for boosting lackluster economic growth and productivity levels in the 27-member trading bloc, a senior IMF official told AFP Friday. “We estimated, actually, what you could do just by reform of that single market and integration — and the numbers are startling high,” International […]

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Pakistan rejects US sanctions on firms allegedly linked to its missile programme

Pakistan on Saturday rubbished the “political use” of export control after the US announced imposing sanctions against commercial entities on allegations of links to Islamabad’s ballistic missile programme. Addressing a press briefing, FO spokesperson Mumtaz Zahra Baloch said: “Such listings of commercial entities have taken place in the past as well on allegations of links […]

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US House passes $95 billion aid package for Ukraine, Israel, Taiwan

WASHINGTON: The U.S. House of Representatives on Saturday passed with bipartisan support a four-part, $95 billion foreign aid package for Ukraine, Israel and Taiwan, putting the long-beleaguered legislation on track for enactment following a long, difficult path through Congress. The legislation includes $60 billion for Kyiv’s ongoing war against Moscow’s invasion, as well as $26 […]

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India’s National Election: Nearly 64% Voter Turnout In Phase 1 Lok Sabha Polls

New Delhi: The first phase of voting for the 18th Lok Sabha elections were held in 21 states and Union territories on April 19. Nearly 64% voter turnout was recorded pm across the states. Seats in Arunachal Pradesh, Assam, Bihar, Chhattisgarh, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Nagaland, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttar Pradesh, […]

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Pakistan: LHC top judge summons full court on Monday to discuss protection of judicial independence

Lahore High Court (LHC) Chief Justice (CJ) Malik Shehzad Ahmed Khan on Friday summoned a full court meeting for April 22 to discuss how best to protect judicial independence and establish a mechanism to attach liability to those undermining such freedom. The development comes in the wake of allegations made by six Islamabad High Court […]

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