Author: Admin

Russia Urges BRICS to Establish Alternative to IMF, Pushes for New Financial Institutions

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Russia-Urges

MOSCOW: Russia, the current chair of BRICS, has urged its partners to develop an alternative to the International Monetary Fund (IMF) as part of efforts to counter Western political influence. Russian Finance Minister Anton Siluanov, at a BRICS finance meeting ahead of the upcoming summit, argued that the global financial system is dominated by Western nations and does not serve the interests of BRICS countries, which account for 37% of the global economy. Siluanov called for the creation of new institutions akin to the Bretton Woods institutions, such as the…

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International E-Waste Day

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international e-waste day

Today, on International E-Waste Day , let’s reflect on the growing problem of electronic waste and its impact on urban environments. The volume of e-waste generated globally in 2023 reached over 57 million tonnes , but only 17.4% of it is recycled, leading to alarming environmental and health consequences. In urban areas, the management of e-waste is particularly critical. Take the case of Agbogbloshie, Ghana —a stark example of e-waste mismanagement where discarded electronics are informally processed, releasing toxic chemicals into the air and water. Conversely, places like Singapore and…

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Eyes on SCO & CPECHigh-Profile B2B Delegation Engages FPCCI

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SCO-CPEC

Karachi: Atif Ikram Sheikh, President FPCCI, has apprised that a high-profile delegation of The China Asia Economic Development Association (CAEDA) has visited FPCCI to explore investment, joint ventures and trade opportunities in mines & mineral; information technology and IT-enabled services (ITeS); agriculture & livestock; food processing & storage; infrastructure development and renewable & alternative energy sources. Mr. Atif Ikram Sheikh explained that next phase of China – Pakistan Economic Corridor (CPEC) and Shanghai Cooperation Organization (SCO) can be the real game-changers for the national economy – as we have geographical…

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Chinese PM Li Qiang in Pakistan on four-day visit

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Chinese-PM

A red carpet welcome was accorded to Chinese Premier Li Qiang on arrival in Islamabad today for a four-day visit to Pakistan. Prime Minister Shehbaz Sharif received the Chinese Premier at Nur Khan Airbase. A twenty-one-gun salute was presented to the visiting dignitary as he alighted from the plane. This is the first visit of any Chinese Premier to Pakistan after eleven years. Prime Minister Shehbaz Sharif and the Chinese Premier will hold a meeting to be followed by delegation level talks. They will also attend signing ceremony of Memorandum…

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Fuel Prices Set for Significant Hike Starting October 16

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Petroleum-prices

ISLAMABAD: Consumers may experience a sharp rise in fuel prices, with high-speed diesel (HSD) potentially increasing by up to Rs10.25 per liter starting October 16, 2024. Preliminary estimates suggest petrol prices could increase by Rs3.95 per liter, kerosene oil by Rs7.85 per liter, and light diesel oil (LDO) by Rs8.33 per liter. Pakistan State Oil (PSO) is finalizing a working paper, which will be submitted to the Oil and Gas Regulatory Authority (OGRA) on October 15. Following OGRA’s review, the government will give final approval, with the Finance Ministry expected…

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