Category: Latest News

2025 Proves Devastating Year for World’s Poorest Countries: Report

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WASHINGTON: The year 2025 has emerged as one of the harshest in recent history for poor and conflict-affected countries, as prolonged wars, climate shocks and deep cuts in global aid converged to create what humanitarian agencies describe as a “new world disorder.” According to the Peace Research Institute Oslo (PRIO), 61 wars were ongoing across 36 countries in 2024—the highest since World War II—and most of these conflicts dragged on into 2025, intensifying displacement, hunger and instability. Save the Children estimates that wars left 60 million children starving this year,…

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Death of Ex-SBP Governor Dr Shamshad Akhtar Condoled

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KARACHI: The Board of Management and staff of the State Bank of Pakistan (SBP) have expressed profound sorrow and grief over the sad demise of former SBP Governor Dr Shamshad Akhtar. In a statement, the SBP said Dr Shamshad Akhtar made history as the first female Governor of the State Bank of Pakistan. Her tenure was marked by exemplary leadership, integrity and an unwavering commitment to public service. The statement added that she rendered outstanding services to Pakistan and the international community through senior leadership roles at the Asian Development…

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Russia Nearly Doubles LPG Exports to Central Asia, Afghanistan in 2025

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MOSCOW: Russia has almost doubled its exports of liquefied petroleum gas (LPG) to Central Asian countries and Afghanistan during the January–November period this year, reaching 1.016 million metric tons, industry sources told Reuters on Friday. The surge comes as Moscow redirects LPG supplies away from Europe following the European Union’s restrictions on Russian LPG imports imposed in December 2024 over the Ukraine conflict. LPG, which includes propane and butane, is widely used for transport fuel, heating and petrochemical production. Traders said shipments to Afghanistan, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan now…

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IESCO Delivers Strong Performance in FY25, Says CEO

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Power-Tariff

ISLAMABAD: Islamabad Electric Supply Company (IESCO) recorded an outstanding performance during FY25 by fully implementing reforms and directives issued by the Government of Pakistan and the Ministry of Energy (Power Division), Chief Executive Engineer Ch Khalid Mahmood said on Sunday. He said IESCO prioritized digitalization and transparency by rolling out the “Apna Meter Apni Reading” mobile application across the region and upgrading 118 call centre services to provide timely and efficient customer support. Emphasis was placed on modern technology in customer services, operations, construction and grid management. During the anti-electricity…

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PM Lauds PAEC’s Role in Expanding Cancer Care, Inaugurates KINOR Muzaffarabad

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ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Sunday commended the Pakistan Atomic Energy Commission (PAEC) for its significant contributions to the health sector, particularly in providing modern cancer treatment facilities, calling it “one of the greatest services to humanity.” Addressing the inaugural ceremony of the Kashmir Institute of Nuclear Medicine, Oncology and Radiotherapy (KINOR) in Muzaffarabad, Azad Jammu and Kashmir, the prime minister said the new facility would ease the suffering of patients who previously had to travel long distances to Islamabad and other major cities for treatment. He termed…

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