Author: Admin

Pakistan Secures $10 Million ICIMOD Climate Fund for ‘SAFER’ Initiative

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climate-change

MULTAN: Pakistan has secured $10 million in climate funding from the International Centre for Integrated Mountain Development (ICIMOD) to bolster its efforts against climate change. The funds will support the ‘SAFER’ initiative over the next 3.5 years, aimed at mitigating climate impacts on vulnerable communities. Romina Khursheed Alam, Coordinator to the Prime Minister on Climate Change, announced the approval by ICIMOD’s Adaptation Fund Board, highlighting the government’s commitment to strengthening climate resilience. ICIMOD, known for its work in protecting the Hindu Kush Himalaya (HKH) region, praised the project as a…

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SCO Summit Begins Today in Islamabad

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SCO-Summit

ISLAMABAD: The 23rd meeting of the Council of Heads of Government (CHG) of the Shanghai Cooperation Organisation (SCO) commences today (Tuesday) in Islamabad. The two-day summit is being held under tight security, with businesses and roads in the capital and neighboring Rawalpindi closed for safety reasons. Prime Minister Shehbaz Sharif will chair the summit, marking Pakistan’s rotating chairmanship of the SCO CHG for 2023-24, which it assumed in October 2023 in Bishkek. Attendees include high-level leaders such as Chinese Premier Li Qiang, Russian Prime Minister Mikhail Mishustin, and other key…

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Xiaoqin Fan Appointed as ADB’s New Country Director for Pakistan

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Asian-bank

ISLAMABAD: The Asian Development Bank (ADB) has appointed Xiaoqin Fan as its new Country Director for Pakistan, according to an official statement. Fan, a national of New Zealand with 30 years of professional experience, will lead ADB’s operations in Pakistan, overseeing the implementation of the Country Partnership Strategy (CPS), which focuses on growth, resilience, and competitiveness. She will also manage consultations for the upcoming CPS (2026-2030). Fan, who joined ADB in 2002, expressed her enthusiasm about returning to Pakistan and reaffirmed ADB’s commitment to supporting the country’s economic recovery, reforms,…

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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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