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Aga Khan IV, leader of Ismaili Muslims, dead at 88

LISBON: Prince Karim Aga Khan IV, the spiritual leader of the Ismaili community and philanthropist, passed away in Lisbon. He was 88. A notice on the website of the Aga Khan Development Network – the development organisation he founded – announced his death, saying that he “passed away peacefully in Lisbon on 4 February 2025… surrounded by his family”. It said: “His Highness Prince Karim Al-Hussaini, Aga Khan IV, 49th hereditary Imam of the Ismaili community, passed away peacefully in Lisbon on 4 February 2025, aged 88, surrounded by his family. “Prince Karim Aga Khan was the founder and chairman

Kashmir Solidarity Day being observed today

Kashmir Solidarity Day is being observed today (Wednesday) to express the whole-hearted support of Pakistani nation to the just struggle of Kashmiri people for their inalienable right to self-determination under the UN resolutions. It is a public holiday today. In connection with the day, solidarity walks will be organized across the country and Azad Kashmir. In Islamabad, a rally will be held on the Constitution Avenue. Sirens will be blown and one minute silence will be observed at ten am to pay homage to the martyrs of Kashmir. Posters and billboards have been displayed around important avenues, airports, and railway

December 21, 2024

News Desk

Naqvi reaffirms Pakistan’s commitment to host ICC Champions Trophy

PCB Chairman Mohsin Naqvi during the 76th Board of Governors (BoG) meeting at a local hotel in Islamabad on December 18, 2024. – Screengrab via PCB Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi has reiterated the board’s unwavering commitment to host the ICC Champions Trophy 2025, which is set to be held in Pakistan in February and March. Naqvi made this statement during the 76th meeting of the Board of Governors (BoG), held at a local hotel in Islamabad on Wednesday. Key developments regarding Pakistan’s preparations for the prestigious event were discussed during the meeting. Naqvi briefed the CoE members,

December 4, 2024

News Desk

FinMin Aurangzeb reaffirms his commitment to the IMF program

Finance Minister Muhammad Aurangzeb addresses a press conference in Islamabad on June 13, 2024. — AFP Enhancing economic stability remains a top priority. Housing, the private sectors identified as a key economic driver. The government pledged to support policies for private enterprise. ISLAMABAD: Finance Minister Mohammad Aurangzeb has reiterated the government’s commitment to fulfilling the International Monetary Fund (IMF) program and implementing structural reforms to stabilize Pakistan’s economy. Speaking at an event in Islamabad, Aurangzeb highlighted progress in economic reforms, saying the current account deficit has narrowed, inflation has fallen to a 70-month low and the country’s economy is showing

October 25, 2024

News Desk

FinMin Aurangzeb confirms commitment to first Panda Bond in talks with IFIs

Finance Minister Muhammad Aurangzeb shakes hands with Ms. Anna Bjerde, Chief Operating Officer at the World Bank, in Washington on October 24, 2024. —Instagram/ @finance_ministry The Minister of Finance recognizes the role of IsDB as a reliable partner. It provides an overview of the improving economic outlook. Aurangzeb appreciates that WB is considering granting a grant-in-aid facility. ISLAMABAD: Finance Minister Senator Muhammad Aurangzeb on Thursday met leaders from several international financial institutions (IFIs) in Washington, doubling down on Pakistan’s commitment to tap global capital markets by issuing its first Panda bond. The discussions took place on the sidelines of the

October 23, 2024

News Desk

FinMin reassures IMF of commitment to financial reforms

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb addressing the media at PTV Headquarters.— APP/File The minister says the government has no alternative but to introduce economic reforms. He assures the IMF to bring tax evaders into the tax net. Pakistan seeks to rely on investment not aid: Aurangzeb WASHINGTON: Finance Minister Muhammad Aurangzeb reaffirmed the country’s commitment to economic reforms during a crucial meeting with the International Monetary Fund (IMF) in Washington on Wednesday. In a meeting earlier today with the head of the IMF, the finance czar reiterated the government’s commitment, saying: “Pakistan has no choice but

August 26, 2024

News Desk

Gaza ceasefire talks stall as Hamas, Israel reject key compromises

CAIRO: Ceasefire talks in Cairo over the ongoing conflict in Gaza failed to reach an agreement on Sunday, as neither Hamas nor Israel accepted compromises proposed by mediators, two Egyptian security sources said. That failure calls into question the chances of a major breakthrough in the US-backed effort to end the 10-month war. Nevertheless, a senior US official described the talks as “constructive”, noting that all parties were engaged with the intention of reaching a “final and workable agreement”. The official, speaking on condition of anonymity, added that the process would continue in the coming days, with working groups looking

July 15, 2024

News Desk

Pakistan, China renew commitment to revive CPEC projects

Minister of Planning, Development and Special Initiatives Ahsan Iqbal speaks during a meeting with Zhao Chenxin, vice chairman of China’s National Development and Reform Commission (NDRC), at the NDRC headquarters in Beijing on July 15, 2024. — PID/Screengrab Reassuring of smooth cooperation, officials from both sides on Monday pledged to speed up progress on the China-Pakistan Economic Corridor (CPEC), a flagship project of the Belt and Road Initiative (BRI), which is a cornerstone of bilateral relations. A commitment to this end was renewed during a productive meeting between Minister for Planning, Development and Special Initiatives, Professor Ahsan Iqbal, and Zhao

November 18, 2023

News Desk

The IMF chief says the Biden-Xi commitment is an important message to the world

SAN FRANCISCO: International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Friday that this week’s meeting between US President Joe Biden and Chinese President Xi Jinping is a much-needed message that the world needs to work together more. “It sends a message to the rest of the world that we need to find ways to work together on those challenges where no country alone can succeed,” Georgieva told Reuters in an interview on the sidelines of the Asia-Pacific Economic Cooperation summit. The Biden-Xi meeting is “important at a time when geo-economic fragmentation has indeed deepened with negative consequences for

November 18, 2023

News Desk

The IMF chief says the Biden-Xi commitment is an important message to the world

SAN FRANCISCO: International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Friday that this week’s meeting between US President Joe Biden and Chinese President Xi Jinping is a much-needed message that the world needs to work together more. “It sends a message to the rest of the world that we need to find ways to work together on those challenges where no country alone can succeed,” Georgieva told Reuters in an interview on the sidelines of the Asia-Pacific Economic Cooperation summit. The Biden-Xi meeting is “important at a time when geo-economic fragmentation has indeed deepened with negative consequences for

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