Author: admin

The Hornets were late coming to the arena for their NBA Play-In game against the Atlanta Hawks on Wednesday. Of all things, by a freight train. State Farm Arena is surrounded by tracks, which date back to when the location was home to the city’s two primary passenger stations. Both stations were demolished decades ago, although many of the rails that remain are still used by freight trains passing through Atlanta’s central business district.Hornets coach James Borrego remarked, “I’ve never seen anything like it.” “In my 20 years of coming to this stadium, I’ve never seen a train stop before…

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Pakistan’s envoys recognized the contribution of abroad Pakistanis sending remittances back to the homeland on the country’s 72nd national day. Pakistan can boast of a year-on-year growth in remittances provided by Pakistanis living abroad, which has benefited the nation on both an individual and societal level.According to World Bank data, Pakistan’s personal remittances as a proportion of GDP equaled to 6.5 percent in 2017 and 9.9 percent in 2020, indicating a significant growth. When compared to other regional countries, Pakistan does exceptionally well, with Bangladesh at 6.7 percent and India at 3.1 percent as of 2020. According to data released…

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Pakistan and Sri Lanka, according to the World Bank, have the highest foreign debt repayment ratio to exports and remittances in the South Asian region. The World Bank has raised Pakistan’s GDP growth forecasts to 4.3 percent from 3.4 percent for the current fiscal year and 4 percent for fiscal year 2022-23, up from 3.4 percent previously. “Pakistan and Sri Lanka have the greatest indicators of ability to pay, such as the ratio of public external debt servicing to exports and remittances. The situation is particularly concerning in Sri Lanka, where increased fiscal and external risks have resulted in a…

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As the island nation grapples with its worst economic crisis in memory and escalating protests demanding the government’s resignation, Sri Lanka announced a default on its $51 billion foreign debt on Tuesday. Acute food and fuel shortages, as well as long daily power outages, have wreaked havoc on the country’s 22 million people, resulting in the country’s most painful downturn since independence in 1948. The government has struggled to service foreign debts, and Tuesday’s decision comes ahead of talks with the International Monetary Fund (IMF) to avoid a more catastrophic hard default, in which Sri Lanka would completely default on…

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Sardar Abdul Qayyum Niazi, the Prime Minister of Azad Jammu and Kashmir, dismissed five ministers on Thursday, accusing them of misconduct, corruption, and suspicious actions. Sardar Tanveer Ilyas, Abdul Majeed Khan, Ali Shan Soni, Khawaja Farooq, and Akbar Ibrahim have been removed from the cabinet, according to a notification issued by the prime minister.They were fired for misconduct and alleged corruption, according to a spokesperson for the AJK prime minister. “On the grounds of misconduct, wrongdoings, and malpractices, members of the Azad Jammu and Kashmir Legislative Assembly are removed forthwith from office as ministers,” said the announcement.The news came a…

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Finance adviser in-waiting Miftah Ismail said on Tuesday that the new government would restart negotiations with the International Monetary Fund (IMF) for balance of payments support, accusing the PTI government of leaving behind an unprecedented economic mess, including the highest-ever fiscal deficit of Rs6.4 trillion (slightly more than 10% of GDP). “The most crucial issue is to stabilise and increase falling foreign exchange reserves,” he stated. “It’s critical to move the IMF programme ahead with mutual understanding.” In response to a question, he stated, “We will move through with the present programme and complete its three reviews by September,” referring…

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ISLAMABAD: Prime Minister Shehbaz Sharif reaffirmed the importance of collaboration with the US and India on Tuesday, promising Beijing that relations will be deepened further. In response to a White House statement on Mr Sharif’s appointment as Prime Minister, the Prime Minister’s Office said, “The new administration aspires to work constructively and positively with the US to pursue shared goals of peace, security, and development in the region.” Jen Psaki, the White House press secretary, previously stated that a democratic Pakistan was essential to US interests. After Pakistani Prime Minister Imran Khan accused the US of plotting to destabilise his…

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According to Pentagon spokesman John Kirby, the US has a “strong military-to-military relationship with Pakistani armed forces,” and “we have every expectation that will be the case in the future.” The remarks from the top Pentagon official come only two days after Shehbaz Sharif was elected Prime Minister of Pakistan, succeeding Imran Khan, who was deposed by parliament last week. In a press conference on Tuesday, Kirby said the US and Pakistan shared interests in “that part of the world” in terms of security and stability. “We acknowledge Pakistan’s importance in the region. We acknowledge that Pakistan and its people…

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After Shehbaz Sharif was sworn in as Pakistan’s 23rd prime minister on April 11, congratulatory letters from heads of state from around the world, including Russia, began to stream in On Tuesday, Russian President Vladimir Putin congratulated the newly appointed prime minister, saying that he hopes Shehbaz’s activities will “contribute to the further development of Pakistan-Russia cooperation and partner interaction on the Afghan settlement as well as countering international terrorism,” according to a statement from Russia’s embassy in Pakistan.Prior to Putin, Shehbaz had received congratulations from Turkish President Recep Tayyip Erdogan and Indian Prime Minister Narendra Modi on his election.…

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According to sources, newly elected Prime Minister Shahbaz Sharif presided over an emergency meeting on Wednesday regarding the energy sector in order to control the prices of petroleum products and provide maximum relief to the masses. The meeting was attended by former Prime Minister Shahid Khaqan Abbasi, former Finance Minister Miftah Ismail, the chairman of the Oil and Gas Regulatory Authority (OGRA), and the finance and petroleum division secretaries.Various measures to control the country’s skyrocketing petrol prices were discussed at the meeting. The participants in the huddle were given an overview of the country’s current fuel pricing structure. The meeting…

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