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New sanctions increase pressure on Iran’s UAV and Ballistic Missile programs

The United States is today sanctioning six entities based in the People’s Republic of China, including Hong Kong, that have been involved in the procurement of key components by entities connected to Iran’s UAV and ballistic missile programs. Today’s action, which is part of President Trump’s maximum pressure campaign on the Iranian regime, aims to disrupt efforts by the Iranian entity Pishtazan Kavosh Gostar Boshra (PKGB) to reconstitute its procurement network and continue obtaining critical parts from foreign suppliers. The United States will use all available means to expose and disrupt Iran’s growing UAV and missile development and proliferation, which

ECC approves Pakistan’s NDB-BRICS membership

The Economic Coordination Committee of the Cabinet has approved over 27 billion rupees to ensure financial support for key initiatives. The ECC, which met in Islamabad with Finance Minister Muhammad Aurangzeb in the chair, approved a technical supplementary grant worth 19.15 billion rupees for 133 schemes of the defunct Pakistan Public Works Department. It also okayed 5.36 billion rupees to execute development schemes under the SDGs Achievement Programme with 4.25 billion rupees allocated for Sindh and 1.11 billion rupees for Khyber Pakhtunkhwa. The approval was also granted to an amount of 1.914 billion rupees in favor of NADRA, ensuring the

PM Shehbaz welcomes reduction in policy rate by SBP

Prime Minister Muhammad Shehbaz Sharif, welcoming the one percent reduction in policy rate by the State Bank of Pakistan, has said it would help boost the investors’ confidence in the country’s economy. In a statement, he termed the policy rate reduction to 12 percent as a welcome move for the economy and expressed the hope that it would pave the way for increase in investment. The Prime Minister said the policy rate has been reduced due to the low inflation rate. He expressed his optimism that the inflation would further decrease in the coming months. He also lauded the efforts

January 19, 2025

News Desk

The US to take “emergency” measures to avoid bankruptcy

Listen to the article WASHINGTON: US Treasury Secretary Janet Yellen said the government will reach its legal borrowing limit on Tuesday and begin implementing “emergency measures” to avoid exceeding the ceiling and risking a potentially catastrophic default. Yellen, in a letter Friday to congressional leaders, just three days before the Biden administration hands over control of the US government to President-elect Donald Trump and his team, said the Treasury Department would begin using emergency measures on the 21 January. “The length of time the emergency measures may last is subject to significant uncertainty, including the challenges of forecasting US government

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