Category: Highlights

SLAMABAD: A group of diplomats and foreign relations experts from the Islamic Republic of Iran and Pakistan, stressing the use of capacities of regional economic organizations to strengthen bilateral and multilateral relations said cooperation between Iran’s Chabahar and Pakistan’s Gwadar ports would enhance ties between the two states. They expressed the views during a Webinar on the “Iran-Pakistan Economic Partnership in the Post-Corona era” hosted by Golden Ring Economic Federation (GREF) in Lahore with the cooperation of the Embassy of the Islamic Republic of Iran here Saturday. “Mashallah Shakeri”, Advisor…

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President Trump on Saturday baselessly accused the Food and Drug Administration of impeding enrollment in clinical trials for coronavirus vaccines and therapeutics for political reasons, as he broadened and escalated his attacks on administration scientists. “The deep state, or whoever, over at the FDA is making it very difficult for drug companies to get people in order to test the vaccines and therapeutics,” he said on Twitter. “Obviously, they are hoping to delay the answer until after November 3rd. Must focus on speed, and saving lives!” He tagged FDA Commissioner…

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Offshore drilling major Valaris became the latest victim of the crisis this week as it filed for bankruptcy in the U.S., proposing a swap of some $6.5 billion in debt that will see creditors become its owners. But it is just the latest headache for offshore drillers. There is more than $20 billion in offshore drillers’ debt still out there—and there are not many new drilling contracts. This considerable debt pile is bad news. Expectations that offshore drilling orders will not begin to return until 2021 is even worse news.…

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KARACHI: Pakistan’s economy has started showing signs of recovery from the Covid-19 pandemic as Port Muhammad Bin Qasim handled 9% more cargo in July 2020 compared to the corresponding month of previous year. In a tweet on Thursday, Federal Minister for Maritime Affairs Syed Ali Haider Zaidi underlined that the Port Qasim Authority (PQA) handled 4.8 million tons of cargo in July 2020 against 4.4 million tons in July 2019. “This is the highest ever cargo tonnage handled in a single month in the PQA’s history,” he said. “The economy…

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ISLAMABAD: How is Pakistan’s public sector pension system managed? What are the main components of the annual budget and current account? What is the total revenue, profit and annual repatriation by the multinational companies operating in Pakistan? What is the share of profit that private and foreign banks earn in Pakistan; what are their main lending portfolios and how much of them goes to key economic sectors such as agriculture and SMEs? What is the size of public sector subsidies and what is the rationale and effectiveness of such subsidies?…

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