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Articles for tag: 659.6bn, debt, finalizes, Minister, Pakistan, Power, record, sector, Settlement

December 11, 2025

News Desk

Pakistan finalizes record Rs 659.6bn power sector debt settlement, says minister

An electricity transmission tower is seen a day after a nationwide power outage in Karachi on January 24, 2023. — Reuters The Deal promotes cyclical debt cuts as part of the government’s reform plan. Analysts say the move boosts energy liquidity and investor confidence. The settlement aims to reduce the cyclical debt of the electricity sector. Islamabad: Pakistan has completed a landmark repayment of Rs 659.6 billion of liabilities of Power Holding Limited (PHL), the largest ever deal in the debt capital markets, Federal Minister for Power Sardar Awais Ahmed Khan Leghari announced on social media. The News reported on

December 3, 2025

News Desk

The United Nations General Assembly approves a resolution on the peaceful settlement of Palestine

151 countries voted in favor, 11 against, 11 abstained, affirming the call for a just, lasting peace The UN General Assembly adopted a resolution on the Peaceful Settlement of the Question of Palestine, with an overwhelming 151 member states voting in favor, 11 against and 11 abstentions, according to a tweet by the UN Media Association. The resolution, which reaffirms the need for a comprehensive, just and lasting peace in accordance with international law and relevant UN resolutions, calls for a renewed commitment to diplomatic efforts aimed at ending the decades-long conflict. The recorded vote underscores broad international support for

August 15, 2025

News Desk

United Nations Rights Office reports that the Israeli settlement plan breaks international law

An Israeli flag Flutters, as part of the Israeli settlement of Maale Adumim is visible in the background, in Israeli occupied West Bank, August 14 2025.-Reuters Israeli Minister Vows Project will “bury” the idea of the Palestinian state. The UN Warning Plan will collapse the West Bank into isolated pockets. 700,000 Israeli settlers live between 2.7 million Palestinians in the area. The UN Human Rights Office reported on Friday an Israeli plan to build for the construction of thousands of new houses between an Israeli settlement on the West Bank and the near East Jerusalem was illegal in accordance with

March 7, 2025

News Desk

Bulls return to PSX in debt settlement hopes

Listen to the article Karachi: A powerful trading rally on the Pakistani Stock Exchange (PSX) on Thursday, as the KSE-100 reference index climbed almost 1,500 points, reflecting the refurbished investor confidence. The increase is mainly due to positive economic indicators, including expectations for further monetary relaxation by the Pakistani State Bank (SBP) and the reading of the 1.5% inflation for February 2025. In addition, the optimism that surrounds a possible agreement with the International Monetary Fund (IMF), combined with a wider swelling momentum in Asian shares powered by hopes of pricing relief, pushed the Stock Exchange to a strong closure.

January 3, 2025

News Desk

Brad and Angelina sign a divorce settlement

Famous actors Brad Pitt and Angelina Jolie signed a divorce settlement on Monday, US media reported, marking a turning point in their eight-year legal saga, according to AFP. Jolie’s attorney James Simon confirmed the settlement to People magazine, saying in a statement that Jolie “is focused on finding peace and healing for their family.” “This is just one part of a long ongoing process that began eight years ago,” Simon said. “Honestly, Angelina is exhausted, but she’s relieved that this one piece is over.” Details of the settlement between the former power couple were not immediately available. Jolie filed for

December 10, 2024

News Desk

Cabinet highlights ‘settlement agreements’ with eight IPPs to reduce electricity tariffs

Prime Minister Shehbaz Sharif chairs a federal cabinet meeting in Islamabad in this undated picture. — APP/File The government says the move will save £238bn. Rs. The prime minister says the government is taking all possible measures to reduce electricity tariffs. “A mechanism has been developed for the safe evacuation of Pakistanis in Syria.” ISLAMABAD: As the incumbent government continues efforts to address rising electricity tariffs in the country, the federal cabinet on Tuesday approved “settlement agreements” with eight independent power producers (IPPs) running on bagasse — a move that the regime says it will benefit the national exchequer by

September 7, 2024

News Desk

Christina Hall and Josh Hall reach an estate settlement amid divorce turmoil

Christina Hall and Josh Hall reach an estate settlement amid divorce turmoil Christina Hall and her estranged husband Josh Hall have temporarily settled their joint property dispute. As the couple are in the process of divorcing, they have reached an interim arrangement on how to use their shared assets. According to Daily Mailthe HGTV The star also reportedly gave her ex a $100,000 advance. In addition, according to TMZthe couple agreed that Haack would have full ownership of their Newport Beach, California home and their Nashville, Tennessee apartment. Meanwhile, the reality star, who has been enjoying some pampering with her

August 27, 2024

News Desk

Halle Berry, the ex-husband of Olivier Martinez revealed the divorce settlement

Halle Berry, the ex-husband of Olivier Martinez revealed the divorce Halle Berry and ex-husband Olivier Martinez are back in court just months after finalizing their divorce settlement covering custody and child support. According to In Touch Weeklythe exes got married on July 13, 2013 and currently have a 10-year-old son, Maceo. It is worth mentioning that Halle filed for divorce in 2015 and the couple signed a prenuptial agreement. However, the case dragged on for nearly a decade as Halle and Olivier were unable to resolve support and custody issues, according to the report. Under the final settlement, the parties

August 14, 2024

News Desk

Israel unveils new West Bank settlement plan amid rising regional tensions

WEST NO: Israel has released plans for one of its proposed new settlements in the occupied West Bank, Finance Minister Bezalel Smotrich said on Wednesday, raising levels a day ahead of planned new peace talks in Gaza seen as crucial to averting a regional war. The far-right minister said the move was a response to the actions of the Palestinian leadership of the West Bank and countries that have recognized a Palestinian state. “No anti-Israeli or anti-Zionist decision will stop settlement development. We will continue to fight against the dangerous idea of ​​a Palestinian state. This is my life’s mission,”

April 30, 2024

News Desk

Columbia suspends pro-Palestinian protesters after settlement talks break down

NEW YORK: Columbia University on Monday began suspending pro-Palestinian student activists who refused to break up a protest camp on the New York campus after the Ivy League school declared an impasse in talks to end the polarizing demonstration. Nemat University President Minouche Shafik said in a statement that days of negotiations between student organizers and academic leaders failed to convince protesters to remove the dozens of tents they had set up to voice their opposition to Israel’s war on Gaza. The crackdown in Columbia, at the center of Gaza-related protests that have rocked US campuses in recent weeks, came

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