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Israel releases 150 Palestinians as region remains tense


April 16, 2024

PALESTINIAN TERRIT­ORIES: Israel on Monday released around 150 detainees taken from the Palestinian territory, Gaza’s crossing authority said, alleging that they were mistreated in detention. Israel continued its assault on Gaza and launched dozens of air strikes overnight as tensions in the region remain high over fear of a wider escalation of the conflict. World powers have urged restraint after …

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Iranian foreign ministry says vessel seized for violating maritime laws


April 16, 2024

ISLAMABAD / DUBAI: A Portuguese-flagged container ship, the MSC Aries, was seized by Iran on April 13 for “violating maritime laws”, Iran’s foreign ministry said on Monday, while its mission in Pakistan said it was working to confirm if there were indeed any Pakistani nationals on board the vessel. The Revolutionary Guards had seized the cargo vessel in the Strait of …

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Australia offers French mall stabbing hero citizenship


April 16, 2024

Australia’s prime minister on Tuesday suggested a visiting Frenchman who heroically fended off a knife-wielding Sydney mall attacker using only a bollard could be offered citizenship. Damien Guerot has been dubbed “bollard man” and a “hero” of Saturday’s attack that killed six people, including a Pakistani, and wounded a dozen more. Prime Minister Anthony Albanese singled Guerot out for praise on Tuesday, thanking …

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4 dead, 19 missing after boat capsizes in occupied Kashmir


April 16, 2024

Four people died and at least 19 more were missing after a boat ferrying them across a swollen river capsized in India-held Kashmir on Tuesday, officials said. Rescuers in rubber boats joined by marine commandos were scrambling to find survivors as hundreds of worried and mourning family members gathered at the riverbanks after the accident. The missing included several children …

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Debt and climate back on IMF, WB spring meetings’ agenda


April 16, 2024

WASHINGTON: The spring meetings of the International Monetary Fund and the World Bank are due to open on Tuesday, with two clear objectives: help countries combat climate change and assist the most indebted nations. The meetings — which will bring central bankers, finance and development ministers, academics, and representatives from the private sector and civil society together to discuss the state of …

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Don’t need more policy prescriptions, says Finance Minister Aurangzeb


April 16, 2024

WASHINGTON: Finance Minister Muhammad Aurangzeb said on Monday that Pakistan doesn’t need too many policy prescriptions, it just needs to implement those policies. Speaking at the Atlantic Council think tank on his first working day in Washington, the minister also urged institutions such as the World Bank and International Monetary Fund (IMF) to help countries like Pakistan deal with the …

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Global venture capital heads down a rocky recovery road


April 15, 2024

For the better part of the last 15 years, Pakistan has faced serious economic troubles. Even during the supposedly good times, the alarm bells were quite clear. Lately, we have truly learned the meaning of rock bottom through a series of ‘firsts’. Be it the highest inflation in our history, interest payments exceeding federal revenues or another indicator of your …

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Germany’s Scholz walks tightrope on trade and politics in China


April 15, 2024

BEIJING: German Chancellor Olaf Scholz arrived in China on Sunday, kicking off a trip in which he faces a tough balancing act as he aims to shore up economic ties with Berlin’s biggest trading partner. Scholz touched down in the southwestern megacity of Chongqing on Sun­day morning, Chinese state broadcaster CCTV said, accompanied by a large delegation of ministers and business executives. …

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Russian region predicts ‘very difficult’ flood situation


April 15, 2024

MOSCOW: Floodwaters in southern Russia on Sunday threatened to submerge thousand more homes in the Kurgan region, where the governor predicted a “very difficult situation” in the coming hours. There is widespread flooding in the Russian Urals regions and neighbouring Kazakhstan, caused by melting ice swelling rivers, exacerbated by heavy rainfall. In Kazakhstan, more than 107,000 people have been evacuated from their …

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Trump fans brave chill to hear Republican ‘martyr’ speak before trial


April 15, 2024

SCHNECKSVILLE: Donald Trump’s mounting legal woes are just more reason to stick behind the former president, his ardent supporters said on Saturday, just days before the Republican leader’s historic criminal trial gets underway in New York. Gathered in the small Pennsyl­vania town of Schnecksville, his impassioned backers said they believe Trump will come out of the proceedings stronger than ever. …

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