The Extended Fund Facility (EFF) arrangement with the International Monetary Fund (IMF) may provide assistance for a medium-term domestic reform program for Pakistan. The IMF and Pakistan will continue to explore policy objectives and measures that could serve as the foundation for this program.Julie Kozack, the IMF’s Director of Communications, made this statement during a press briefing. She went on to say that the reform program being discussed by the authority has few objectives, including moving Pakistan from economic stabilization to robust, inclusive, and resilient growth and maintaining economic credibility through the ongoing execution of sensible policies. The purpose of…
Author: Iqra Khan
A key UN report has placed Pakistan, whose current population is over 245 million, in the group of countries whose population is expected to increase through 2054 and could potentially peak in the second half of the century or later. According to the current projects in the UN’s World Population Prospects 2024 report, Pakistan will reach its peak population in 2092 of 404.68 million people. It said that Pakistan’s population is expected to surpass that of Indonesia in 2048 when it will reach 331.29 million.Between 1998 and 2017, Pakistan’s average population growth rate was 2.40%, the report said. For a…
Following were the Opening Rates of foreign currencies in kerb market issued by the Exchange Companies Association of Pakistan, here on Friday. F.C. BUYING SELLING INTER BANK 278.35 278.45 USD 279.00 280.50 EURO 301.05 304.00 GBP 357.85 …
The global crisis in education needs a “dramatic shift” to shape a more peaceful, sustainable, and just world, UN Secretary-General Antonio Guterres has said.The UN chief was taking part in a Special Event on Transforming Education – part of the ongoing High-Level Political Forum (HLPF) and looking ahead of the upcoming Summit of the Future in September. Thursday’s event was a call to action, with the UN chief calling on all countries to make a concerted effort to establish genuine learning environments that will provide learning opportunities from childhood to adult stages.“Given the stakes, the world cannot afford to short-change…
This month, West Japan Railway plans to begin operations with a new employee a humanoid robot. The luminous eyes and simple characteristics of the robot are attached to a vehicle that can drive on railroad rails. Its primary responsibilities will be painting metal frames and pruning tree branches.This novel strategy aims to address Japan’s aging labor force while enhancing safety by lowering the likelihood of mishaps. The robot is a component of the business’s attempts to efficiently maintain infrastructure in the face of a labor shortage. Kazuaki Hasegawa, president of the company, stressed that this project has the potential to…
Just before the World Cup, during Pakistan’s tour of England, star pacer Shaheen Afridi found himself in the public eye after a furious spat with batting coach Mohammad Yousuf.The coaching staff and board officials were reportedly offended by Afridi’s actions during the practice session at Headingley. When Yousuf accused Afridi of bowling too many no-balls, the altercation started. Afridi abruptly urged Yousuf to quit interfering with his practice in return, which led to a heated argument between the two.As a disciplinary measure against Afridi, the Pakistan Cricket Board reportedly plans to remove the former captain from the Bangladesh Homes series.…
Darwin Nunez, a forward for Liverpool, got into a fight with Colombian supporters to defend his family not long after Colombia defeated Uruguay 1-0 despite having 10 men on the field. Jefferson Lerma scored the game’s winning goal.The fight between the two South American heavyweights was hotly contested and took place at Bank America Stadium in North Carolina.Lerma’s game-winning goal in the 39th minute gave Colombia a vital victory and sent their fans into a frenzy. But the festivities soon took a sour turn when Nunez saw some inebriated Colombian fans in the stands harassing his family. The Liverpool forward,…
The global ride-hailing platform Yango, a subsidiary of the international IT giant Yango Group, is pleased to announce that it has been operating in Pakistan for one year, having expanded to five of the country’s main cities since 2023.This significant achievement strengthens Yango’s resolve to transform Pakistan’s mobility sector and provide its users and partner drivers with unmatched services. Yango service has significantly advanced in the Pakistani market in just a year, highlighting the significant influence of cutting-edge technology, reasonable costs, and strict safety protocols. Yango has improved the ride-hailing experience and spurred improvements in the transportation sector. Since its…
Pakistan’s first four-wheel Urban Electric Vehicle (UEV) was unveiled on Friday by Team Envision from PNEC-NUST. There were many people in attendance for the unveiling ceremony in Karachi, including parents, students, and other visitors. Speaking during the function, Commodore Tauqeer Ahmed commended Team Envision for their diligence and commitment. He emphasized that the team had proudly flown Pakistan’s flag in 14 different nations while competing in 17 international tournaments. In addition to showcasing Pakistan’s potential, this worldwide exposure improves the nation’s standing internationally.Speaking to the crowd as well, Rear Admiral Mazhar Mehmood Malik praised the group for their 15 years…
KARACHI: Pakistan automobile sales, as reported by the Pakistan Automotive Manufacturers Association (PAMA), reached an 18-month high in June 2024, with sales of 13,300 units, according to a report published by Topline Research on Wednesday. This represents a 120% increase year over year (YoY) and a 21% increase month over month (MoM). Indus Motors Company Limited (INDU), which witnessed a 44% increase to 2,957 units, and Pak Suzuki Motor Company (PSMC), which experienced a 15% increase to 6,885 units, are the main drivers of the MoM gain in automobile sales. Sales of Hyundai Nishat Motor increased by 55% month over…
