Thursday, 16 March 2023

Pakistan’s foreign exchange reserves rise by $18m

Islamabad: Pakistan’s foreign exchange reserves held by the central bank rose by $18 million in the week ending on March 10, the State Bank of Pakistan (SBP) said on Thursday.

According to the handout issued by the SBP, its reserves stood at $4.319 billion while net foreign reserves held by commercial banks were $5.527bn.

Arif Habib Limited calculated that the reserves were sufficient to cover nearly a month of imports, the Down reported.

The central bank said total liquid foreign reserves held by the country stood at $9.846bn.

Pakistan is currently grappling with one of the country’s worst economic crisis amid dwindling foreign exchange reserves. That has raised fears that Pakistan could default, although Sharif insists it pulled the country from the brink of the default when it took over last year.

Sharif has blamed Prime Minister Imran Khan and his government for the economic malaise. Khan was ousted in a no-confidence in Parliament in April, and has since been campaigning for early elections.

Read all the Latest NewsTrending NewsCricket NewsBollywood News,
India News and Entertainment News here. Follow us on FacebookTwitter and Instagram.

Pakistan’s foreign exchange reserves rise by $18m #wanitaxigo


Dalljiet Kaur Marriage: दलजीत कौर ने रचाई निखिल के नाम की मेहंदी, हथेली पर बयां की लाइफ स्टोरी

जब एक्ट्रेस से उनके होने वाले पति निखिल के बारे में पूछा गया तो उन्होंने बताया कि निखिल यूके बेस्ड बिजनेसमैन हैं। एक्ट्रेस ने ये भी बताया था कि वह शादी के लिए विदेश शिफ्ट हो रही हैं।

from Latest And Breaking Hindi News Headlines, News In Hindi | अमर उजाला हिंदी न्यूज़ | - Amar Ujala https://ift.tt/Pw5iMSj
via IFTTT

'No compromise' on Pakistan's nuclear programme for unlocking IMF deal: Ishaq Dar

Islamabad: Even after the country is facing a shortage of essential food items to feed its people amid a crumbling economy, Finance Minister Ishaq Dar on Thursday asserted there would be “no compromise” on the country’s nuclear and missile programmes.

Responding to questions raised by PPP Senator Raza Rabbani during a Senate session, Dar said “Let me assure you that […] nobody is going to compromise anything on the nuclear or the missile program of Pakistan — no way.”

Senator Rabbani had raised some questions on the reasons behind the delay in the agreement with the International Monetary Fund (IMF), which would offer a critical lifeline to tame a balance-of-payments crisis, Down reported.

The PPP leader lamented that the Senate had “neither before nor today been taken into confidence on what are the conditionalities of the IMF”.

The PML-N leader asserted that the program “should have been over by 2022. The law amendments were passed by “this very parliament, after which the monetary policy has become too independent, in my opinion, he said.

The incumbent government did not enter into the ongoing agreement with the IMF and noted that it was the Pakistan Tehreek-e-Insaf (PTI)-led administration that had entered into the programme in 2019, Dar was quoted by Geo news as saying.

“This programme should have been completed in 2022,” he said, castigating the PTI regime for succumbing to IMF demands including the autonomy of the State Bank of Pakistan.

He said that previously, there were reviews that were completed, but now, it seems that every review has become a “new programme, which is very uncustomary with the IMF”.

On March 9, Dar had blamed the delay on the previous government, whose “failure to meet commitments” created a trust deficit that had continued to bite.

However, he had once again assured the nation that the country was “very close” to signing the agreement, which would release $1.1 billion that is part of a $6.5bn bailout package the IMF approved in 2019.

The government on Wednesday hiked the prices again of all petroleum products by up to Rs 13 per litre for the next fortnight. This was the third hike ever since the talks with IMF resumed. With this latest hike, diesel prices made a new record, reaching Rs 293 per litre.

Read all the Latest NewsTrending NewsCricket NewsBollywood News,
India News and Entertainment News here. Follow us on FacebookTwitter and Instagram.

Wednesday, 15 March 2023

Amid economic turmoil, Pakistan hikes petrol price by Rs 5, diesel sees Rs13 hike #wanitaxigo


Belarus orders mental healthcare professionals to snitch on ‘pro-Ukrainian’ patients

Minsk: Therapists and psychiatrists in Russia’s ally country Belarus have been reportedly told to snitch on patients who are opposed to the Russian invasion of Ukraine.

A group of exiled Belarusian volunteer healthcare workers called ‘White Robes’ said that they have received reports of the arrests of dozens of psychologists and psychiatrists across the country.

According to Telegraph, at least 20 mental health care professionals have been detained mostly in the capital city of Minsk.

A spokesperson of the group said, “Some of them have been released after questioning, some of them not.”

The detained psychologists and therapists were questioned about their political views and were forced to give information about pro-Ukrainian clients by breaching client-doctor confidentiality.

An unnamed woman said that her relative, a psychologist, was detained at her home by Belarusian KGB officers and that she went incommunicado until she surfaced this week.

Belarusian crackdown

Belarus has intensified its crackdown on people supporting Ukraine ever since Russia launched an invasion of the country.

Viasna, one of the country’s oldest rights groups, said dissidents have been arrested in mass in Minsk as well as other parts of the country.

Pavel Sapelka, the group’s spokesperson, told The Associated Press that security forces in the country are “sweeping raids and searches” on people who are suspected of a recent attack on a Russian warplane stationed near the Belarusian capital.

“Every act of resisting Lukashenko’s regime triggers a new wave of harsh repression in Belarus,” said Sapelka.

Pavel added, “Detentions, raids, torture behind bars continue in Belarus, political prisoners face pressure, and independent media content is being labelled an extremist.”

Russia-Belarus relationship

Before gaining independence in 1991, Belarus was a part of the then-Soviet Union before it collapsed.

Belarus and Russia have continued to maintain strong economic and political relations ever since.

The country serves as an important strategic location for Russia sharing nearly 700 miles of border with Ukraine. Also, Ukraine’s capital Kyiv is closer to Belarus than it is to Russia.

It was from this shared border that Russian forces invaded Ukraine on 24 February 2022.

Read all the Latest NewsTrending NewsCricket NewsBollywood News,
India News and Entertainment News here. Follow us on FacebookTwitter and Instagram.

Belarus orders mental healthcare professionals to snitch on ‘pro-Ukrainian’ patients #wanitaxigo