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Pakistani Prime Minister Imran Khan has told the BBC that peace with India over the disputed territory of Kashmir would be “tremendous” for the wider region. Mr Khan, a former cricketer who became leader eight months ago, said the nuclear-armed neighbours could only settle their differences with dialogue. The comments come as India prepares to vote in a general election, weeks after an upsurge of violence in Kashmir. A suicide attack against Indian forces triggered cross-border air strikes. Asked what message he wanted to send to Indian Prime Minister Narendra Modi and his country, Mr Khan told the BBC’s John…

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A meeting of the Council of heads of government of the Commonwealth of Independent States was held in Ashgabat under the chairmanship of President Gurbanguly Berdymuhamedov. Before the summit, President Gurbanguly Berdymuhamedov met with Prime Minister of the Russian Federation Dmitry Medvedev. Heads of delegations attending the summit: Prime Minister of the Republic of Azerbaijan Novruz Ismail oglu Mammadov Deputy Prime Minister of the Republic of Armenia Mher Grigoryan Prime Minister of the Republic of Belarus Sergey Rumas Prime Minister of the Republic of Kazakhstan Askar Mamin Deputy Prime Minister of the Kyrgyz Republic zhenish Razakov Representative of the Republic…

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Leaders of post-Soviet states are gathering in Kazakhstan to attend the summit of the Commonwealth of Independent States (CIS), a regional organisation dominated by Russia. One of the key documents they are expected to sign is a concept of military co-operation until 2020. Russia has been pushing its military presence across the region and this document will certainly fit this policy. Interestingly, this document will be reviewed in Central Asia, where Russia has been rapidly increasingly its military capacity lately. Moscow struck deals with Tajikistan and Kyrgyzstan to extend its bases till 2042 and 2032 respectively. It has announced an…

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In a first, the China’s People’s Liberation Army (PLA) and Pakistan’s border police force carried out a joint patrol along their shared border. While China has been patrolling the region since 2014, this is the first time that the two allies have carried out a joint patrol in the region. The event, reported in a pictorial published by the People’s Daily, took place against the backdrop of India’s tank deployment in Ladakh and reports of over 100 Uyghurs from Xinjiang joining the Islamic State. The pictorial report, published by the People’s Daily on Thursday, consisted of 12 images depicting soldiers from Pakistan and…

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The federal government Wednesday raised some Rs 240 billion through the auction for short-term government papers. The State Bank of Pakistan (SBP), on November 20, conducted the auction for the sale of 3-month, 6-month and 12-month government of Pakistan Market Treasury Bills (MTBs) and received bids amounting to Rs 518.254 billion with a realized amount of Rs 482.455 billion. Bids worth Rs 222.894 billion were received for 3-month T-bills, Rs 108.084 billion for 6-month while 12-month government papers fetched bids amounting to Rs 187.275 billion. Out of the received bids, the federal government accepted bids amounting to Rs 239.714 billion…

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Investors Wednesday opted to book profits on available margins that forced the Pakistan Stock Exchange to close on a negative note. BRIndex100 lost 56.55 points or 1.4 percent to close at 3,992.10 points. BRIndex100 touched intraday high of 4,060.06 and intraday low of 3,986.96 points. Volumes stood at 281.473 million shares. BRIndex30 decreased by 392.9 points or 1.89 percent to close at 20,436.62 points with a turnover of 176.495 million shares. The KSE-100 Index declined by 526.69 points or 1.37 percent to close at 38,037.68 points. Trading activity also remained thin as daily volumes on the ready counter decreased to…

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A reliable and mutually acceptable banking system is imperative to enhance bilateral trade between Pakistan and Russia, said Yury M. Kozlov Trade Representative of the Russian Federation. During a meeting with Rana Sikandar Azam President Faisalabad Chamber of Commerce & Industry (FCCI) in his office, he told that a display centre has been established in Moscow where exporters of Faisalabad could also display their textile related products. He asked President FCCI to arrange a trade delegation for Moscow to interact with their Russian counterparts. He told that a meeting of Pakistan-Russian Inter Trade Communion is scheduled to be held during…

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LOS ANGELES: Luxury automaker Jaguar Land Rover’s chief executive told Reuters he is open to more alliances to lower the costs of developing technology, but is not looking for a full-blown corporate merger. “We feel the pressure” from demands to slash carbon emissions and develop electric vehicles, Jaguar Land Rover chief Ralf Speth said in an interview on the sidelines of the Los Angeles auto show. But to the question of whether the company and its parent, Tata Motors Ltd. are seeking a merger for Jaguar Land Rover, Speth said: “The answer is no. We can really survive on our…

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