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 …
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 …
Former prime minister and Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan said on Wednesday that his party will announce the date for second phase of “Haqeeqi Azadi March” in a few days after getting clearance from the Supreme Court. “It will be the biggest protest in Pakistan’s history. I am asking you to remain prepared as once we get clearance from …
NANJING: Before coming to China, Shabir Mohsin Hashmi knew little about the country. Now, the 47-year-old man not only has a family here but has also become an ambassador for the China-proposed Belt and Road Initiative (BRI). In 2006, Hashmi got a chance to study abroad. There were five countries to choose from. “I knew China and Pakistan are in a …
The BeiDou Navigation Satellite System (BDS), a global navigation system independently developed and operated by China, has achieved in-depth application and extensive growth in various fields.