Author: (PEN)

ISLAMABAD (PEN) : A new staff-level loan agreement has been reached between Pakistan and the International Monetary Fund (IMF) under which the country will receive $7 billion over 37 months. The final approval of the loan will be given by the IMF Executive Board. In a statement issued by IMF’s Mission Chief to Pakistan Nathan Porter, “The Pakistani authorities and the IMF team have reached a staff-level agreement on a comprehensive program endorsed by the federal and provincial governments, that could be supported by a 37-month Extended Fund Arrangement (EFF) in the amount equivalent to SDR 5,320 million (or…

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KARACHI (PEN) : After receiving some respite from the scorching heat due to light rain earlier this week, Karachiites are once again expected to witness another heat spell next week with temperature expected to increase by up to 3°C from July 15 (Monday). The metropolis, as per weather expert Jawad Memon, is likely to experience an increase in temperature as there’s a possibility of a decrease in the speed of the sea breeze due to the formation of a low-pressure area. The weather update comes after the city received heavy rain on Tuesday in several areas of the city followed…

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Islamabad (PEN) : President Asif Ali Zardari has called for collaborative efforts by the Eastern nations to ensure sustainable development and common prosperity through China’s Global Development Initiative ( GDI). He highlighted that GDI had great potential to significantly shape the future of the world by promoting shared development. He urged the developing countries to play a leading role in the global development process. The President expressed these views while virtually addressing the 2nd High-level Meeting of the Forum on Global Action for Shared Development, organized by the China International Development Cooperation Agency (CIDCA), in Beijing, today. Representatives of foreign…

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ISLAMABAD (PEN) : Israeli strikes killed another 32 people in the Gaza Strip, the health ministry in the Hamas-ruled Palestinian territory said Friday, more than nine months into Hamas’s war with Israel. Fighting raged from the north to the south of the coastal territory as talks have continued towards reaching a truce and hostage-release deal. Hamas group seized the captives during their unprecedented October 7 attack on southern Israel that triggered the war. In a brief statement, Gaza’s health ministry said “32 martyrs, a majority of them children and women, were taken to hospitals overnight, because of continued massacres” by…

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ISLAMABAD (PEN) : In a major legal victory for the Pakistan Tehreek-e-Insaf (PTI), the Supreme Court on Friday ruled that the party is eligible for the allocation of reserved seats. Justice Mansoor Ali Shah announced the 8-5 majority verdict, nullifying the Peshawar High Court’s (PHC) order wherein it had upheld the Election Commission of Pakistan’s (ECP) decision denying the reserved seats to the SIC. The verdict was supported by Justices Athar Minallah, Shahid Waheed, Muneeb Akhtar, Muhammad Ali Mazhar Ayesha Malik, Syed Hassan Azhar Rizvi, and Irfan Saadat Khan. The PTI candidates did not contest the polls on a single symbol,…

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ISTANBUL (PEN) : Turkiye President Tayyip Erdogan said on Friday it is not possible for NATO to continue its partnership with the Israeli administration. “Until comprehensive, sustainable peace is established in Palestine, attempts at cooperation with Israel within NATO will not be approved by Turkiye,” Erdogan said at a news conference at the NATO summit. Turkiye also continues its diplomatic efforts to end the Russia-Ukraine war, he said. Erdogan said as well that he has instructed Turkish Foreign Minister Hakan Fidan to meet Syrian President Bashar al-Assad to start to restore relations with Syria. Turkiye will extend an invitation to…

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ISLAMABAD (PEN) : Law Minister Azam Nazeer Tarar said that the Supreme Court’s verdict on the Pakistan Tehreek-e-Insaf’s (PTI) reserved seats case does not pose any threat to the government. “We still have a majority of 209 members and the verdict has not been completed yet,” said the minister after the top court ruled that the PTI was eligible for the allocation of reserved seats. Tarar said that he was unsure whether the government will file review petition challenging the verdict or not. The development comes after the SC announced 8-5 majority verdict, nullifying the Peshawar High Court’s (PHC) order…

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ISLAMABAD (PEN) : Pakistan Tehreek-e-Insaf (PTI) Chairman Barrister Gohar Ali Khan on Friday said that the ruling coalition’s desire to amend the Constitution according to its wishes has been blocked by the Supreme Court ruling. The apex court, in a majority verdict, declared that the PTI is a political party and eligible for reserved seats denied by the Election Commission of Pakistan (ECP). The order has effectively deprived the government of a two-thirds majority in the Parliament, essential for amending the Constitution. More to follow…

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KATHMANDU (PEN) : Landslides in Nepal swept two buses with at least 65 passengers on board into a river on Friday, while landslides elsewhere in the mountainous country killed at least 10 people, police said. Dozens have died in the Himalayan nation since the middle of June as torrential monsoon rains triggered landslides and flooding. On Friday, authorities mobilised the military and police to search for the 65 missing passengers swept into the Trishuli River in the early hours. The incident happened in Chitwan district, about 86 kilometres (53 miles) west of Kathmandu, police spokesman Dan Bahadur Karki said. “There…

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ISLAMABAD (PEN) : The Chinese Ministry of National Defense on Friday urged the Philippines to immediately withdraw its personnel and ships illegally stationed at Xianbin Jiao of China’s Nansha Qundao in the South China Sea. The Philippines’ actions have created new tensions in the South China Sea and further undermined regional peace and stability, Zhang Xiaogang, a spokesperson for the ministry, said at a regular press briefing. Zhang made the comments in response to queries that China Coast Guard vessels recently carried out tracking, monitoring and control measures against actions by the Philippines to transfer personnel and supplies to its Coast Guard…

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