IMF sees mounting risks, sharp drop in growth for Pakistan next year

WASHINGTON: The International Monetary Fund projected on Wednesday that Pakistan’s growth will moderate to 4.7 per cent in fiscal year 2019 from 5.6pc in 2018. In its regional economic outlook update for the Middle East, North Africa, Afghanistan and Pakistan (MENAP) region on Wednesday, the IMF notes that “an increase …

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US court orders Iran to pay for the families affected by 9/11 incident

A federal judge in New York has ordered Iran to pay $6 billion to the alleged families of 9/11 attacks. Iran has never responded to the lawsuit and is unlikely to ever pay. The lawsuit claims that Iran provided technical assistance, training and planning to the al-Qaeda operatives that conducted the …

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Ancient city discovered in Persian Gulf Hinterland

Tehran, May 1, IRNA – Archaeological research works in eight ancient sites in the Persian Gulf hinterland revealed an ancient city belonging to the Ancient Persia which could be the ancient Govbandi. The Public Relations Office of the Research Institute of Cultural Heritage and Tourism (RICHT) quoted Alireza Askari Chaverdi, …

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Balochistan: Hazara Shia community calls off hunger strike on Army Chief’s assurance

Islamabad, May 2, IRNA — Hazara Shia community of Pakistan has called off their protest over the recent wave of targeted killings in south western city of Quetta after a meeting with Army Chief General Qamar Javed Bajwa. General Bajwa, while meeting with the community members, assured that those who …

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Quetta’s beleaguered folk singer

Quetta: THE weather here is pleasant, and it has been raining since morning. Bashir Baloch, the well-known folk singer of the city — he has so far been given 132 awards, including two presidential awards, over his career — sits gloomily at his residence. There is no one else in …

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Govt talks with protesting Hazaras in Quetta remain inconclusive

QUETTA: Federal Inte­rior Minister Ahsan Iqbal arrived here late Monday evening and met the protesting Hazara community members who continued their hunger strike and sit-in against targeted killings despite being assured by the Balochistan chief minister and home minister that the culprits would be arrested soon. The interior minister went straight to …

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Suspected LJ leader killed in Mastung operation

QUETTA: A suspected militant leader of the banned Lashkar-i-Jhangvi was killed during a search operation jointly launched by the police and Frontier Corps in the mountainous areas of Splingy and Qabu of Mastung district. Addressing a press conference along with FC Sector Commander Brigadier Tasawar on Monday, Deputy Inspector General …

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Indian, Pak troops to take part in an exercise together

  TNN NEW DELHI: Indian and Pakistani combat troops, who are locked in a volatile confrontation with daily firing duels along the Line of Control in J&K, will for the first time exercise together as part of a multi-nation counter-terror war game under the aegis of the Shanghai Cooperation Organisation (SCO) in …

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Europe backs Iran deal as ‘best way’ to counter nuclear threat

AFP LONDON: The leaders of Britain, France and Germ­any have reiterated their commitment to the Iran nuc­lear deal “as the best way of neutralising the thr­e­at of a nuclear-armed Iran”, Down­ing Street said on Sunday. Prime Minister Theresa May talked by phone with French President Emmanuel Macron and German Chanc­ellor …

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Dollar’s roller-coaster ride continues

IN the local currency market, the dollar was seen in search of new destinations against the Pak rupee last week. Speculations and rumours have increased the gap between the interbank and open market’s rates to Rs2.69 per dollar. The dollar traded slightly firm as the rupee lost one paisa on …

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