— International developer to launch tailor-made development for overseas Pakistanis ISLAMABAD: As a major boost to the federal government’s efforts to lure foreign direct investment (FDI) in the country, One Homes, a leading international property developer company has acquired a 100,000 square feet piece of prime land in the twin cities for Islamabad and Rawalpindi to become first ever tailor-made resort …
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday urged the Election Commission of Pakistan (ECP) to announce its “long-delayed judgment” in the Pakistan Tehreek-e-Insaf (PTI) prohibited funding case. He claimed that the “impunity given to him has hurt the country.” The case, previously known as the ‘foreign funding case’, was opened in March 2018, while the ECP has reserved its judgment …
ISLAMABAD: The Pakistani rupee hit an all-time low on Tuesday against the US dollar, reaching Rs222 in the interbank market despite an announcement by the International Monetary Fund (IMF) regarding the resumption of the multi-billion-dollar loan programme. The local currency continued its downward trend today and depreciated further by Rs6.90 against the greenback. The rupee had nosedived Rs4.25, or 1.97%, against …
The Supreme Court on Tuesday, while issuing notices to the federation, law secretary, attorney general and the National Accountability Bureau (NAB) in connection with PTI Chairman Imran Khan’s application challenging the amendments to the NAB Ordinance, asked the party why it did not raise its objections in parliament. A three-member bench, comprising Chief Justice of Pakistan (CJP) Umar Ata Bandial, Justice …
ISLAMABAD: Prime Minister Shehbaz Sharif has appointed eminent entrepreneur Zeeshaan Shah as Ambassador-at-Large on Investment, according to a notification issued by secretary to the prime minister. Later, Zeeshan Shah called on Prime Minister Shehbaz Sharif and discussed in detail his plans to facilitate foreign investment to Pakistan. The prime minister assured Shah of full support of his government and said …
China’s exports rebounded and grew at a double-digit pace in May, shattering expectations and adding to signs that China’s economy is recovering from COVID-19 outbreaks as factories restarted and logistics snags eased in Shanghai, customs data showed on Thursday. The country’s exports rose 16.9 percent in May year on year in dollar terms, accelerating from April’s 3.9-percent increase, according to …
WASHINGTON: A US court has issued warrants for the seizure of two luxury planes owned by Russian billionaire Roman Abramovich. According to a press release from the Department of Justice, the move is part of the recent sanctions issued against Russia over the conflict in Ukraine. Authorities say the American-made planes were flown into, and out, of Russia without obtaining …
NEW JERSEY: Forbes magazine disclosed that using a 233-year-old law, the US government ordered two major global travel companies to track a Russian national so he could be arrested and extradited,. The outlet sued to obtain the court records, aided by privacy advocates who have criticized such warrants as secretive and open to abuse. The magazine also revealed that Aleksey …
The Fukushima Daiichi nuclear power plant, as seen in March, has been a focal point for concerns over the Japanese government’s plan to dump contaminated water into the sea. The Tokyo Electric Power Company, according to Japanese media reports, started seabed excavations on May 5 to build a drainage outlet for the nuclear-contaminated water to flow from the Fukushima Daiichi …
By Zhou Dingxing In 2011, the “3/11” earthquake in Japan caused the meltdown of the Fukushima Daiichi Nuclear Power Plant reactor core, unleashing enormous amounts of radioactive material. The operator of the plant, Tokyo Electric Power Company (TEPCO), decided to pour in seawater to cool the reactor and contain the leakage. And because the used seawater became highly contaminated with …