Author: admin

An International Monetary Fund (IMF) delegation is set to arrive in Pakistan in the coming days to hold follow-up discussions with the government regarding technical assistance on governance, sources from the Ministry of Finance revealed. The talks will focus on governance-related technical matters, but no meeting regarding the upcoming budget has been scheduled yet, according to ministry officials. It is important to note that Pakistan and the IMF have already reached a staff-level agreement, paving the way for the disbursement of a $1 billion loan tranche, subject to approval by the IMF Executive Board. Additionally, Pakistan is expected to receive…

South Korean President Yoon Suk Yeol was ousted by the Constitutional Court on Friday, which upheld parliament’s impeachment motion over his imposition of martial law last year that sparked the country’s worst political crisis in decades. The ruling caps months of political turmoil that have overshadowed efforts to deal with the new administration of U.S. President Donald Trump at a time of slowing growth in Asia’s fourth-largest economy. With Yoon’s ouster, a presidential election is required to take place within 60 days, according to the country’s constitution. Prime Minister Han Duck-soo will continue to serve as acting president until the…

Canada announced it would impose a 25 per cent tariff on certain automobiles imported from the United States, responding to President Donald Trump’s tariffs, which came into effect on Thursday. Prime Minister Mark Carney declared, “25 percent tariffs on all vehicles imported from the United States that are not compliant with CUSMA,” referring to the Canadian acronym for the North America free trade agreement. It was unclear at the time what percentage of US vehicle imports would be affected by the new levy. Canada had largely been exempt from the sweeping global tariffs Trump introduced on Wednesday, as Washington had…

Newcastle United midfielder Sandro Tonali is determined to propel his team back into the Champions League after scoring the decisive goal in a 2-1 victory over Brentford at St James’ Park on Wednesday. The win left the Magpies just a point behind fourth-placed Manchester City, with a game in hand, putting them in a strong position to challenge for a top-four finish. Tonali’s stunning strike from a tight angle sealed the crucial three points and has revived Newcastle’s hopes of qualifying for Europe’s premier competition. Even finishing in fifth place could secure Champions League qualification this season, with five teams…

Power tariffs have been reduced across the country by Rs1.90 per unit in another major relief for electricity consumers following the prime minister’s recent announcement. The reduction comes as part of the monthly fuel price adjustment, bringing much-needed financial relief to households and businesses. According to separate notifications issued by regulatory authorities, electricity prices for Karachi consumers have been reduced by Rs3.2 per unit under K-Electric’s monthly adjustment for January. Meanwhile, for consumers in the rest of the country (excluding Karachi), electricity prices have been reduced by 46 paisas per unit as part of the February adjustment. Reduction to reflect…

Pakistan’s exports recorded a significant increase of $1.76 billion in the first nine months of the current fiscal year, reflecting a steady improvement in the country’s trade performance. According to data released by the Pakistan Bureau of Statistics (FBS), Pakistan’s exports grew by 7.69% from July to March 2025, reaching $24.79 billion. This marks a notable rise of $1.76 billion compared to the same period last year when exports stood at $22.92 billion. On a monthly basis, exports also increased by $127 million in March 2025, recording a 5.10% growth compared to March 2024. Imports and trade deficit also rise…

As China marks Qingming (Tomb Sweeping) Festival on Friday, a day for honoring one’s ancestors, new digital tools and eco-friendly practices are reshaping how millions observe the ancient tradition. An hour’s drive to the north of downtown Beijing lies the town of Shisanling, which gets its name from 13 imperial mausoleums of the Ming Dynasty (1368-1644). Today, its green valleys are home to public cemeteries where common people are buried. For the convenience of those who could not come to site to pay tribute to their ancestors, authorities of the town have launched a “cloud memorial” mini-program on the social…

China-aided Gwadar Pak-China Friendship Hospital has successfully conducted its first laser bladder stone removal surgery, marking a milestone in Gwadar’s medical history and deepening health cooperation under CPEC. This advanced “cystolitholapaxy” procedure, part of the newly introduced Endourology services, is provided free of cost to underserved communities. Operated by the Indus Hospital and Health Network under the Gwadar Development Authority, the hospital offers 24/7 specialized care across multiple departments. Since its launch, it has treated over 100,000 patients, significantly improving healthcare access in Gwadar and across Balochistan, with visible declines in maternal and neonatal mortality and rising immunization rates.

U.S. President Donald Trump announced the “reciprocal tariffs,” under which his administration will impose varying tariff rates on all trade partners. As part of this policy, the U.S. plans to levy a 34 percent tariff on Chinese imports. The semiconductor industry, previously a focus of trade tensions, was not included in the latest tariff list. Despite the semiconductor sector being excluded this time, prior policies have already pushed U.S. tariffs on Chinese semiconductors to 50 percent, effective January 2025. In recent years, the U.S. has intensified its technological restrictions on China. Since 2018, over 2,000 Chinese entities in key sectors,…

The United States and its allies were the main source of cyberattacks against China during the ninth Asian Winter Games, a foreign ministry spokesperson said on Thursday, citing a newly released report. The report was released by China’s National Computer Virus Emergency Response Center and National Engineering Laboratory for Computer Virus Prevention Technology on Thursday. It disclosed that the information systems of competition and critical network infrastructures in Heilongjiang Province, northeast China, were subjected to a large number of network attacks from abroad. The attacks were traced to countries and regions including the United States, the Netherlands, and Singapore. “We…