KARACHI: The Karachi Electronics Dealers Association (KEDA) has announced to support the two-day strike by All Pakistan Traders Association here on Monday and said that the electronics markets would be closed on October 29 and 30. At a press conference held at the office of the Karachi Electronics Dealers Association, President Rizwan Irfan said that their  issues are not being …

ISLAMABAD: Dr Abdul Hafeez Shaikh, the adviser to the prime minister on finance and revenue, said Tuesday the government was focusing on implementation of the International Monetary Fund (IMF) programme. “The containment of current and fiscal deficits and stabilisation of exchange rate are indicative of the success of government efforts to put the economy on the long-term growth track,” he …

KARACHI: The State Bank of Pakistan (SBP) in its annual report on Monday said the rising share of services sector, at the expense of industry and agriculture, needs to be addressed while forecasting the GDP growth for FY20 between three and four per cent. According to the report, the country largely produces non-tradable services which are consumed domestically. At the …

BEIJING: The Financial Action Task Force (FATF) forum should not be politicised by countries to pursue their agenda, said a top Chinese foreign ministry official on Monday. “China does not want the FATF to be politicised by any single country. There are some countries which want to include Pakistan in the blacklist. They have political designs which China is against,” …

ISLAMABAD: The Asian Develop­ment Bank (ADB) on Monday announced that it has approved a $75 million loan for a project in the education sector of Sindh. In a statement issued here, the Manila-based lending agency said the project was aimed at improving the quality, accessibility, and gender responsiveness of the secondary education system and infrastructure in Sindh. Pakistan has 22.8 million out-of-school …

ISLAMABAD: Projecting core inflation at 12.4 per cent, fiscal deficit at 7.4pc and higher debt levels despite better revenues in FY20, the International Monetary Fund (IMF) on Monday began discussions with Pakistan authorities over its first quarterly review of the $6 billion 39-month economic programme. Informed sources said the visiting IMF mission had preliminary discussions on first quarter (July-September) data …

WASHINGTON: President Donald Trump on Monday said he could release segments of video from the dramatic US raid that killed Daesh leader Abu Bakr al-Baghdadi in Syria. “We may take certain parts of it and release it,” Trump told reporters. The operation by US special forces in Syria took place Saturday, culminating in the death of the fugitive leader who …

WASHINGTON: The body of Abu Bakr al-Baghdadi was buried at sea by the US military after he killed himself during the weekend raid on his Syrian hideout, a Pentagon source revealed on Monday. No details were given on where or when the body was disposed of, but it paralleled the 2011 sea burial of al-Qaeda leader Osama bin Laden after …

MANILA:  A 6.6-magnitude quake struck the southern Philippines Tuesday, authorities said, rattling buildings and sending terrified locals fleeing into the streets. The shallow tremor hit the island of Mindanao in the same region where a deadly quake struck earlier this month, the US Geological Survey said, adding there was no tsunami threat. Philippine authorities said they expected damage after the strong …