October 4,2021 Islamabad (Press Release) A Closing Ceremony of the Joint Anti-Terrorist Exercise (JATE) in – 2021, Under SCO Mandate held at National Counter Terrorism Centre (NCTC), Pabbi. This is the first ever military exercise conducted in Pakistan under the ambit of Shanghai Cooperation Organisation (SCO) Regional Anti Terrorism Structure( RATS).The exercise focused on enhancing cooperation and cohesiveness in combating International Terrorism. Chinese and Pakistani troops participated in the exercise and shared their experiences of capacity building and innovative approaches / methods on emerging technologies being used to counter the evolving threats.Exercise was conducted in two stages. Stage 1 of the training was conducted in...
October 4, 2021 at 11:40 pm | Economic Affairs
October 4,2021 Islamabad (Press Release)Prime Minister Imran Khan held telephonic conversation with President Emomali Rahmon of Tajikistan today. The Prime Minister thanked President Rahmon for the warm hospitality extended to him and his delegation during the recent visit to Dushanbe on 16-17 September 2021. The two leaders exchanged views on the follow-up to the talks held in Dushanbe last month. The two leaders expressed satisfaction on the existing level of bilateral cooperation and reaffirmed the resolve to continue mutual efforts to further strengthen close ties. Prime Minister Imran Khan shared with President Rahmon Pakistan’s contribution to efforts for sustainable peace and stability in Afghanistan. He underlined the ...
October 4, 2021 at 11:37 pm | Economic Affairs
October 4, 2021Islamabad( Press Release)Foreign Minister Makhdoom Shah Mahmood Qureshi and Argentine Ambassador Leopoldo Francisco Sahores, jointly planted 7 Friendship Trees in a Ceremony to commemorate 70th anniversary of diplomatic relations , held at Argentina Park here, today. On the occasion, Foreign Minister Qureshi stated that the two countries have developed a strong relationship over the 70 years, which is based on mutual trust, respect and cooperation. Underlining that warmth and cordiality characterized the Pakistan-Argentina relationship, he highlighted the growing linkages between the two peoples. The Foreign Minister emphasized that structured engagement should continue to further strengthen bilateral cooperati...
October 4, 2021 at 6:45 pm | Economic Affairs
EA ReportLahore, Oct. 4 — Pakistan's rupee breaks afresh losing streak against US dollar, hitting a new low of 170.8 at inter-bank Monday.The decline comes after the PKR failed to sustain the slight gain it recorded on Friday to finish at 170.48.According to State Bank of Pakistan (SBP), the rupee closed at 170.8 against the USD, registering a depreciation of 32 paisas or 0.19%.PKR has seen its value depreciate by nearly 11% against the USD since its recent high in May, has come under immense pressure as a widening current account deficit, record growth in imports, as well as the Afghanistan situation take toll on the currency.While the SBP has undertaken a number of measures to curtail imports, the effect has yet to take place. Last wee...
October 4, 2021 at 6:40 pm | Economic Affairs
NEW DELHI, Oct. 4 — Farmers in India vowed to intensify their months-long protest against laws aimed at liberalising agriculture as tension flared a day after eight people were killed in clashes between growers and ruling party supporters.Four of the eight were killed when a car linked to a senior ruling party official crashed into protesters in Uttar Pradesh state, protest leaders said.Police said they were investigating the crash and had registered a case against 13 people including a son of a minister of state in the interior ministry, Ajay Kumar Mishra.An alliance of protest groups called in a petition to President Ram Nath Kovind on Monday for a court-supervised investigation of the violence."We'll intensify our agitation in Uttar P...
October 4, 2021 at 5:03 pm | Economic Affairs
AgenciesOct. 4– USD gets fresh boost on Monday after two consecutive sessions of losses following ramped up hedge funds holdings as widening concerns about the Chinese property sector and resilient US Treasury yields boosted the appeal of the greenback.Spending after second quarter of 2021 on the back foot, dollar has received a fresh boost in recent weeks, climbing to its highest levels in a year against its rivals last week as top investment banks have revised up their forecasts.Citigroup strategists expect more upside in the dollar due to challenges in the Chinese real estate sector, higher US yields not driven by a global economic recovery and the negative impact for energy importers.Shares in embattled developer China Evergrande wer...
October 4, 2021 at 4:53 pm | Economic Affairs
AgenciesOct 4. — Gold prices started steady below a one-week high on Monday following lingering concerns over higher inflation and a slowdown in economic growth countered pressure from a firmer dollar.Spot gold was little changed at $1,759.11 per ounce by 0632 GMT, after hitting its highest since Sept. 23 at $1,765.54 earlier in the day. US gold futures rose 0.1% to $1,760.20.The dollar index was steady and rebounded from its lowest level since Sept. 29 hit earlier in the day, making gold more expensive for buyers holding other currencies.Offsetting pressure from the stronger dollar were concerns over persistent inflation, with data on Friday showing euro zone inflation hit a 13-year high last month and elevated price spikes in the Unite...
October 4, 2021 at 4:50 pm | Economic Affairs
By H.E. Dr Mohammad Faisal Heartfelt Felicitations to the People of the Federal Republic of Germany on the Occasion of German National Unity Day It gives me immense pleasure to extend my heartfelt felicitations to the people of the Federal Republic of Germany on the occasion of German Unity Day, the day that marks the end of the decades long dreadful division 31 years ago, and the emergence of Germany, once again, as a unified nation. Germany’s current prominent position among the international community as a developed economy, and a liberal democracy is truly a reflection of the strength of German culture and the resilience of its people. Pakistan attaches great significance to its cordial relations with Germany; and is k...
October 4, 2021 at 3:26 pm | Economic Affairs
AgenciesHEMEL HEMPSTEAD, England, Oct. 4 — British military combat fatigues personnel walked in at a BP refinery Monday after government ordered army to help deliver fuel to help compensate for an acute shortage of truckers.Britain’s supply chains for everything from pork, petrol and poultry to medicines and milk have been strained to breaking point by shortages of labour in the wake of the Brexit and COVID crises.Panic buying of fuel amid the shortage of truckers triggered chaotic scenes across major cities last week with queues of drivers stacked up. Some have had fist fights over the pumps while others hoarded fuel in old water bottles.“As an extra precaution, we’ve put the extra drivers on,” Prime Minister Boris Johnson’s f...
October 4, 2021 at 1:49 pm | Economic Affairs
AgenciesWASHINGTON - A massive leak of financial documents was published by several major news organizations on Sunday that allegedly tie world leaders to secret stores of wealth, including King Abdullah of Jordan, Czech Prime Minister Andrej Babis and associates of Russian President Vladimir Putin. The dump of more than 11.9 million records, amounting to about 2.94 terabytes of data, came five years after the leak known as the “Panama Papers” exposed how money was hidden by the wealthy in ways that law enforcement agencies could not detect.The International Consortium of Investigative Journalists, a Washington, D.C.-based network of reporters and media organizations, said the files are linked to about 35 current and former national...
October 4, 2021 at 12:19 pm | Economic Affairs
Pakistan Rupee Exchange Rate