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US imposes visa sanctions on Pakistan Pakistan is the latest to join the list of 10 nations that have been imposed with sanctions under a US law. Washington: The US has imposed sanctions on Pakistanafter Islamabad refused to take back its citizen deportees and visaover-stayers from America, warning that it may withhold visas of Pakistanis beginning from its senior officials. …

The third edition of the Momentum Technology Conference 2019 will kick off at the Pearl Continental Hotel in Karachi on Tuesday (April 30), according to a press release issued by the organisers. The annual two-day event, billed as “Pakistan’s largest technology and startup conference”, is “renowned for being the single-largest platform in Pakistan to bring together startups, investors, technologists, industry …

KARACHI: Aviation Secretary Shahrukh Nusrat said on Saturday that the Civil Aviation Authority (CAA) was reviewing its air service agreements (ASAs) with foreign countries “to change the clauses which are not beneficial to domestic airlines”. He said this while speaking at a press conference here at the CAA headquarters. Domestic airlines, particularly the Pakistan International Air­lines, see the ASAs reached …

KARACHI: Bears beat the bulls in the outgoing week as KSE-100 index fell 162 points (0.4 per cent) to close at 37,130. The situation could have been worse, but for the last three sessions that saw the market rally by 726 points to recoup greater part of the 888 points lost in the first two days that had earlier plunged …

BEIJING:   Chinese President Xi Jinping Friday opened Second Belt and Road Forum in Beijing. Addressing the opening session, Xi  said BR projects need to be transparent and fiscally sustainable.  There will also be “zero tolerance” for corruption, Xi said at a Belt and Road summit, adding that the initiative “is not an exclusive club”. Chinese President Xi Jinping vowed to …

BEIJING: China on Thursday rejected “misunderstandings” fuelling concerns about its Belt and Road global infrastructure programme but vowed to tame debt risks as it opened a summit on its signature foreign policy. President Xi Jinping’s pet project is a reboot of the ancient Silk Road to connect Asia to Europe and Africa through massive investments in maritime, road and rail …

KARACHI: The stock market extended its rally into the third day on Friday as the KSE-100 index propelled by 334.60 points (0.91 per cent) to close at 37,130.63. The market opened positive and remained bullish for the entire session on the last trading day of the week and the index touched intraday high by 362 points. Investors were enthused by …

KARACHI: The government’s budgetary borrowings grew by 17.03 per cent to Rs917.13 billion from Jul-April 19, from Rs786.67bn in corresponding period last year, latest data from the State Bank of Pakistan revealed. The government borrowing for budgetary support has taken an upward trajectory for some months now, with latest figures further supporting that trend. The total government borrowing from the …

World Bank CEO Kristalina Georgieva on Friday pledged to further strengthen cooperation with Pakistan in the areas of ‘disbursements programme lending’ and ‘guarantees provision for raising external funds’ , according to a press release received by Dawn.com. The pledge was made in a meeting with Prime Minister Imran Khan on the sidelines of the second Belt and Road Forum (BRF) in …

ISLAMABAD: Pakistan and China agreed on Friday to revive cooperation between the Chinese Investment Promotion Agency (CIPA) and the Board of Investment (BoI) to ensure investment promotion in prioritised sectors of information technology, textiles and agro-based products. BoI Chairman Haroon Sharif, who is in Beijing as part of prime minister’s delegation to participate in the second Belt and Road Forum, …