The Ministry of Economic Affairs noted the country relied on foreign commercial borrowing as it was recorded at $2.62 billion that included a $1.14 billion from Dubai Bank, $591.25mn loan from Emirates NBD, $61mn from Ajman Bank, $487.26mn loan from Standard Chartered Bank London while Suisse AG, UBL & ABL provided $343.50 million during July-March FY22.
Author: Javed Mahmood
Javed Mahmood
I am an experienced writer, analyst, and author. My exposure in English journalism spans more than 28 years. In the past, I have been working with daily The Muslim (Lahore Bureau), daily Business Recorder (Lahore/Islamabad Bureaus), Daily Times, Islamabad, daily The Nation (Lahore and Karachi). With daily The Nation, I have served as Resident Editor, Karachi. Since 2009, I have been working as a Freelance Writer/Editor for American organizations.
Ukraine has recaptured 934 settlements from the Russian army so far, and life in these areas is gradually returning to normal, President Volodymyr Zelenskyy has said.
Most of the resignations of the PTI MNAs were not handwritten and had a similar text on the PTI’s letterhead.
Miftah also said that the PTI government has left a huge circular debt of Rs2500 billion in power sector and had created Rs1500 billion circular debt in the natural gas sector.
Premier and ministers were briefed over the economic condition, energy and law and order situation in the country.
“Citizens, please don’t be overly panicked. We hereby clarify the information and apologise,” an anchor said in the network’s news bulletin at 10 am local (0200 GMT).
Wall Street sent Netflix’s stock tumbling 26% after the bell on Tuesday and erased about $40 billion of its stock market value. Since it warned in January of weak subscriber growth, the company has lost nearly half of its value.
In today’s hearing, the petitioner argued that former PM Khan sold valuable state gifts which was a violation of the Constitution. The IHC judge remarked that no one is above the law and directed the assistant attorney general to raise foreign gifts matter before the new cabinet.