Category: News & Announcement

For Pakistans residents, fiscal year 2020 was the worst year as they witnessed highest inflation in the world forcing policy makers to increase interest rate, according to the State Bank of Pakistan (SBP). “Pakistan witnessed highest inflation not only in comparison with the developed economies but also with emerging economies,” said the Inflation Monitor for April issued by the SBP on Saturday (6 June). The SBP pushed up interest rates to cool down the inflationary pressure during the fiscal year but high rates proved counterproductive as they further increased inflation…

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The Chinese behemoth that makes electric-car batteries for Tesla Inc. and Volkswagen AG developed a power pack that lasts more than a million miles — an industry landmark and a potential boon for automakers trying to sway drivers to their EV models. Contemporary Amperex Technology Co. Ltd. is ready to produce a battery that lasts 16 years and 2 million kilometers (1.24 million miles), Chairman Zeng Yuqun said in an interview at company headquarters in Ningde, southeastern China. Warranties on batteries currently used in electric cars cover about 150,000 miles…

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Pakistan was ranked among the third-riskiest countries for coronavirus in a recent study conducted by the Deep Knowledge Group on nations and their safety against the pandemic. Pakistan came at 148th position out of a total of 200 nations, with a safety score of 370 (the highest being 752). The 250-page study listed Switzerland as the safest country in the world for coronavirus, with South Sudan at the 200th position, with a score of 300. Among Pakistan’s neighbouring countries, all but one were in the top 100, with China at…

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After Saturday’s (June 6) meeting between top Indian and Chinese military commanders in Ladakh, the Ministry of External Affairs said that “the two sides will continue the military and diplomatic engagements to resolve the situation and to ensure peace and tranquility in the border areas”. The unresolved situation on the disputed Sino-Indian border in Ladakh has been ongoing for more than a month, and tensions have not subsided. When did we first hear of tensions between India and China on the LAC?The first official acknowledgment of tensions on the border…

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Over 21,000 tons of diesel were leaked into the Arctic Ocean as officials were slow to respond. The incident marks one of the largest oil spills in Russian history, and experts say the area will need years to recover. Russian officials are scrambling to clean up an oil spill in a region in northern Siberia, after an oil leak that began at the end of May was found to have released over 21,000 tons of diesel into the Arctic Ocean. Russian President Vladimir Putin has declared a state of emergency…

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