Page 40 - Pakistan

Economic loss due to Pakistan floods rises from $10 bn to $12.5 bn

The catastrophic floods in Pakistan resulted in the loss of lives. Inflation is projected to go up to the range of 24 per cent to 27 per cent and will touch 30 per cent for the current fiscal year

FATF team quietly completes on-site visit to Pakistan, says report

A high-level team of the global money laundering and terrorist financing watchdog FATF quietly concluded a five-day visit to Pakistan during which it held meetings with the relevant authorities and verified steps taken by the country to fulfil conditions to exit the grey list, according to a media report. The findings of the 15-member Financial Action Task Force (FATF) team would be discussed and reviewed in the next meeting of the FATF, scheduled in Paris in October. Pakistan has been on the grey list of the Paris-based FATF since June 2018 for failing to check money laundering, leading to terror financing, and was given a plan of action to complete it by October 2019. Since then, the country continues to be on that list due to its failure to comply with the FATF mandates. The positive outcome of the on-site team's findings would allow Pakistan to finally come clean over deficiencies in the system to curb money laundering and terror financing, The Express Tribune newspaper reporte

Nearly 1,300 people die in Pakistan due to floods even as rescue ops on

Pakistan's catastrophic floods resulted in the death of nearly 1,300 people in the country even as relief operations continue

India ready to send humanitarian aid for floods, Pak yet to accept: Sources

Foreign ministry officials of both countries were initially in touch for distribution of aid but Indian officials now say they aren't hearing from Islamabad

Outbreak of waterborne diseases in Pakistan amid floods raises concern

The outbreak of waterborne diseases in areas hit by recent record-breaking floods in Pakistan has raised concerns among health officials

India vs Pakistan, Super 4: Match preview, predicted 11, pitch and weather

India vs Pakistan, Super 4: India will play against Pakistan in the second match of Super 4 at Asia cup 2022. Read this report to get an idea of the match, playing 11, pitch report and weather

Flood Relief Fund to be audited to ensure transparency: Pak PM Shehbaz

Pakistan Prime Minister Shehbaz Sharif on Saturday announced to get PM Flood Relief Fund audited by the Accountant General Pakistan Revenues (AGPR) and a private audit firm to ensure transparency.He also announced that audit reports will be made public, reported Geo News. Taking to Twitter, the prime minister said that the decision was made as he made a commitment to ensure transparency."As per my commitment to ensuring transparency, Government has decided to get PM Flood Relief Fund audited by AGPR & a private audit firm of global standing. They will audit all incoming & outgoing funds including where & how the money is spent. The audit reports will be made public," tweeted Shehbaz.Shehbaz established a relief fund last month to help the people affected by the floods and appealed to the public to contribute, reported Geo News.He also expressed gratitude to Chinese President Xi Jinping for increasing his country's assistance package from the initial RMB 100 million ..

US defence department plans aid mission to Pakistan amid devastating floods

The United States is conducting a military assistance mission to flood-devastated Pakistan, the US armed forces' Central Command (CENTCOM) said

Pakistan owes 30% of its foreign debt to China, says IMF report

Pakistan owes 30 per cent of its foreign debt to China, the latest report from the International Monetary Fund (IMF) said, which includes state-owned commercial banks, local media reported

US Congress members to visit Pak to express solidarity with flood victims

Members of the United States Congress Sheila Jackson and Tom Suozzi have left for a two-day visit to the flood-affected Pakistan on Saturday, in a bid to show solidarity with the victims

Death toll in devastating Pakistan floods reaches 1,265; over 12K injured

The National Disaster Management Authority (NDMA) said that at least 57 people were killed and 7,683 others injured in the heavy monsoon rain-triggered flash floods in the last 24 hours

ARY News back on air in Pakistan after IHC orders immediate restoration

The channel is back on air in several cities of the country including Islamabad, Lahore and Sukkur though complete restoration is still pending

In Pakistan, PTI's Billion Tree Project hit by claims of corruption

The province had claimed that one billion trees has been planted, but as per the National Accountability Bureau (NAB) documents, only 250 million trees have been planted

Over one-third of Pakistan underwater amid its worst floods in history

As deadly floodwaters threaten to create secondary disasters, food is in short supply after water covered millions of acres of crops and wiped out hundreds of thousands of livestock

UN expresses concern over food security amid worsening Pakistan floods

The devastating floods in Pakistan will place huge strains on efforts to get food into neighbouring Afghanistan to relieve its catastrophic humanitarian crisis, said UN

Pakistan's Finance Minister Miftah Ismail hints at his early exit

His statement comes in the backdrop of dissatisfaction within Pakistan Muslim League - Nawaz (PML-N) over the government's policies

China accounts for 30% of Pakistan's foreign debt including SCBs: IMF

Chinese debt to Pakistan has been revised upwards by $4.6 billion to about $30 billion, the IMF report said, from $25.1 billion in February.

High food, petrol prices can trigger protests in Pakistan: IMF warns

Rising inflation in Pakistan, accelerating to 27.3 per cent in August -- a 47-year high -- can trigger "social protest and instability" in the cash-strapped country, the International Monetary Fund (IMF) has warned. Pakistan's inflation measured by the consumer price index (CPI) accelerated to 27.3 per cent in August this year -- the level last seen in May 1975 -- even as the full impact of unprecedented floods on the prices of food items and other commodities is yet to come. The adverse impacts of the floods and consequent disruption in food supplies will be visible in the inflation reading for the month of September, which may push the rate far higher than that of August. "High food and fuel prices could prompt social protest and instability," the IMF said in an executive summary of the seventh and eighth reviews. The IMF Executive Board earlier this week approved the seventh and eighth review of the stalled USD 6 billion Pakistan programme, and the State Bank of Pakistan (SBP) t

Death toll from Pakistan floods reaches 1,208, damages mount to $10 billion

Floods triggered by Pakistan's record rains in three decades accompanied by the melting of glaciers have killed over 1,200 people and rendered millions of others without food and shelter, according to the latest national data on Friday. The National Disaster Management Authority (NDMA) said its situation report that 416 children and 244 women were among those killed while another 6,082 people were injured. Floods have inundated a third of the country with the southern province of Sindh and the southwestern region of Balochistan being the worst hit. Dadu district of Sindh was the latest to face the fury of nature as the water was rising due to a surge in the flow of water down the River Indus. A total of 1,208 people have been killed by flash floods triggered by record monsoon rains across much of Pakistan, the NDMA said in a statement. Officials said that 10,000 to 15,000 cusecs of water were being discharged from Manchhar Lake into River Indus on Friday morning while 70,000 to 80,

Pakistan beat Hong Kong to enter Super 4s; to face India again on Sunday

Pakistan set up a second showdown against arch-rivals India in as many weeks with a record 155-run win over Hong Kong in a must-win Asia Cup match here on Friday. Mohammad Rizwan had to work hard for his 78 off 57 balls as Pakistan got a much-needed final flourish to post 193 for two against Hong Kong. Hong Kong were simply blown away in the run-chase with Pakistani attack proving to be too good for them. Their innings folded up for just 38 in 10.4 overs, sending Pakistan into the Super 4s as the second placed team from Group A. It was Pakistan's biggest win in the shortest format. Pakistan will meet India, who topped Group A, on Sunday. Hong Kong had shown a bit of potential with the bat against India but they simply surrendered to the Pakistani attack. It was a procession after Naseem Shah struck twice in the third over of the innings. Then it was the turn of the spinners, Shadab Khan (4/8) and Mohammad Nawaz (3/5), to do the damage as they shared seven wickets. Shadab's googl