Month: January 2021

Trump allowed back onto Twitter

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Posting a more conciliatory message, he refrained from reiterating false claims of voter fraud. Twitter said that it would ban Mr Trump “permanently” if he breached the platform’s rules again. The move from Twitter puts clear water between it and Facebook, which suspended him “indefinitely” on Thursday. Twitter has instead given the outgoing president a final warning. Earlier on Thursday, the popular gaming platform Twitch also placed an indefinite ban on Mr Trump’s channel, which he has used for rally broadcasts. Mr Trump tweeted several message on Wednesday, calling the…

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Govt raises Rs760 billion from domestic sukuk market in 2020

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KARACHI: The government raised more than Rs760 billion from the domestic sukuk market with Islamic banks still having enough liquidity to fill in the fiscal gap, The News learnt on Wednesday. Issuance of the government of Pakistan Ijara sukuk based on variable and fixed rental rates amounted to Rs561 billion last year. Two hundred billion rupees was generated through Pakistan Energy Sukuk II, bringing the total from statutory liquidity ratio-eligible sukuk or Islamic bonds up to Rs761 billion (approximately $4.7 billion). Higher issuance activity during the year can be attributed…

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Another delayed decision gets consequences: ‘IMF dictates Pakistan to mend policies’

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ISLAMABAD: Former federal minister and PML-N leader Ahsan Iqbal has claimed the PTI government has delayed the decision for seeking a loan from the IMF, so the monetary organisation has come in a position to dictate its conditions, knowingly that Islamabad had exhausted all other options. In an interview with ‘The News’ on Wednesday, Ahsan Iqbal said, “If the government had made a timely decision to go to the IMF program, it could have negotiated to protect their interests but the incumbent regime did not take decision in its first…

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Experts stress need for shift towards green energy

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Experts have agreed that the time is ripe for Pakistan to shift towards green energy and called on the government to devise policies to facilitate stakeholders in exploring additional avenues for sustainable renewable energy. At a webinar titled “Clean Energy Transition in Pakistan” on Wednesday, Private Power and Infrastructure Board (PPIB) Managing Director Shah Jahan Mirza said power and energy sectors of Pakistan were not in a desirable shape due to various factors. He covered various aspects of the clean energy landscape in Pakistan. “Our natural resources, especially gas reserves,…

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Pakistan, KSA discuss joint ventures in energy, tourism sectors

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ISLAMABAD: Energy Minister Omar Ayub Khan has said that the government is focusing on energy projects under the new renewable energy policy by harnessing local resources for power generation. Omar Ayub Khan said this during a meeting with Ambassador of the Kingdom of Saudi Arabia Nawaf bin Saeed Ahmed Al-Malki who called on him on Wednesday. The minister and ambassador deliberated upon joint ventures between Pakistan and the kingdom in the petroleum and energy sector. Khan said that revival of exploration and production activities in the oil and gas sector would…

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